Drill Permits Pending as Critical Resources Reveals New High-Grade Mineralisation
Critical Resources Limited has expanded its priority target area at the Amoco Project in NSW with rock chip samples revealing gold grades up to 15.1 g/t, alongside significant antimony and silver mineralisation.
- Gold grades up to 15.1 g/t and antimony up to 0.7% identified
- New mineralised zone discovered 350m south of legacy targets
- Priority target area expanded within New England Fold Belt
- Drill permit applications and land access negotiations underway
- Planned soil sampling and high-resolution geophysical surveys to refine drill targets
Expanding the Amoco Gold-Antimony Opportunity
Critical Resources Limited (ASX – CRR) has announced promising exploration results from its Amoco Antimony-Gold Project in New South Wales, Australia. Recent field mapping and rock chip sampling have revealed high-grade gold mineralisation reaching 15.1 grams per tonne, accompanied by antimony concentrations up to 0.7% and silver up to 53.2 grams per tonne. These findings not only validate legacy data but also extend the priority target area by identifying a new mineralised zone approximately 350 metres south of previously known mineralisation.
Geological Context and Regional Significance
The Amoco Project lies within the highly prospective New England Fold Belt, a region known for its complex structural geology and mineral richness. Situated roughly 19 kilometres southeast of Larvotto Resources’ Hillgrove Antimony-Gold Project and 14 kilometres east of Koonenberry Gold’s Enmore Gold Project, Amoco shares structural trends that are key conduits for hydrothermal mineralisation. The discovery of metal zonation, variations in gold, antimony, silver, and lead concentrations, mirrors characteristics observed in nearby deposits, suggesting a fertile system with potential for significant scale.
Advancing Exploration with Strategic Planning
Critical Resources is actively progressing regulatory and logistical steps to advance exploration. Applications for maiden drilling programs at both Amoco and the nearby Mayview Project are underway with the NSW Resources Regulator. Concurrently, the company is negotiating land access agreements with local landowners, a critical step for on-ground activities. To sharpen drill targeting, plans are being finalised for a detailed soil sampling campaign and a high-resolution magnetic geophysics survey, complemented by LIDAR technology. These efforts aim to refine the geological model and enhance confidence in identifying the most prospective zones for drilling.
Implications for Critical Resources’ Portfolio
This exploration success at Amoco adds momentum to Critical Resources’ broader strategy of developing metals essential for a sustainable future. Alongside its lithium project in Canada and base metals project in NSW, the Amoco results underscore the company’s potential to unlock value from multiple mineral systems. While rock chip sampling provides encouraging early-stage data, the upcoming drilling programs will be pivotal in defining the scale and economic viability of the mineralisation.
Looking Ahead
With exploration permits advancing and preparatory work intensifying, Critical Resources is positioning itself to deliver a comprehensive assessment of the Amoco Project’s potential. The integration of legacy data with new field results and geophysical insights sets a solid foundation for the next phase of exploration, which could significantly enhance the company’s resource base and market profile.
Bottom Line?
As Critical Resources moves closer to drilling, the Amoco Project stands poised to reveal its true mineral potential.
Questions in the middle?
- How will the upcoming drilling results compare with the high-grade rock chip assays?
- What is the potential scale of mineralisation given the structural complexity observed?
- How quickly can Critical Resources secure land access and regulatory approvals to maintain exploration momentum?
