Critical Resources Limited is set to commence its first drilling campaign at the Amoco Gold-Antimony Project in NSW, targeting a promising structural corridor with confirmed high-grade surface samples. Drilling is scheduled to begin in early October following pending soil-geochemistry results.
- Maiden drill program targeting priority structural corridor at Amoco
- High-grade surface samples up to 17.9 g/t gold confirmed
- Drill contractor mobilising on 28 September with all approvals secured
- Soil-geochemistry assay results pending to refine drill targets
- Project strategically located near Hillgrove and Enmore gold-antimony projects
Critical Resources Advances Exploration at Amoco
Critical Resources Limited (ASX, CRR) is gearing up to initiate its maiden drilling program at the Amoco Gold-Antimony Project in New South Wales, marking a significant step in its exploration strategy. The project, situated in the Armidale region, is poised to benefit from a targeted drill campaign focusing on a priority structural corridor that has already yielded high-grade surface samples, including gold assays up to 17.9 grams per tonne.
The drill contractor is scheduled to mobilise to the site on 28 September, with drilling operations expected to commence in early October. This follows the receipt of all necessary approvals from the NSW Resources Regulator and the landowner, underscoring the project's readiness to advance.
Strategic Location and Geological Potential
Amoco's location is strategically significant, lying approximately 19 kilometres southeast of Larvotto Resources’ Hillgrove Antimony-Gold Project and 14 kilometres east of Koonenberry Gold’s Enmore Gold Project. These neighbouring projects have demonstrated the region's rich endowment in gold and antimony, providing a compelling geological context for Critical Resources’ exploration efforts.
Recent field mapping at Amoco has identified mineralisation over a one-kilometre east-west trend, with assays confirming gold grades up to 15.1 g/t, antimony up to 0.7%, and silver up to 53.1 g/t. Notably, a new mineralised zone was discovered approximately 350 metres south of the legacy trend, highlighting the potential for further extensions.
Refining Targets with Soil-Geochemistry
Complementing the drilling preparations, Critical Resources has completed a targeted soil-geochemistry sampling program across several interpreted structural corridors. The results, expected imminently, are anticipated to enhance confidence in drill targeting and assist in finalising collar locations. This data-driven approach reflects the company's commitment to methodical exploration and maximising the potential for discovery.
CEO Tim Wither emphasised the significance of the Amoco project within the company’s portfolio, noting its alignment with the region’s history of antimony-gold production and recent successes nearby. He highlighted that the maiden drill program will provide critical insights into the project's potential and pledged to keep shareholders informed as drilling progresses.
Broader Portfolio and Forward Outlook
Beyond Amoco, Critical Resources continues to advance its broader portfolio, including the Mavis Lake Lithium Project in Canada, which boasts a maiden inferred resource of 8 million tonnes at 1.07% lithium oxide, and the Hall Peak Base Metals Project in NSW, with a maiden inferred resource rich in zinc, lead, copper, silver, and gold. These assets position the company well within the evolving landscape of metals critical for a sustainable future.
As Critical Resources embarks on this pivotal drilling campaign, the market will be watching closely for assay results and subsequent resource updates that could redefine the project's economic prospects.
Bottom Line?
With drilling imminent, Critical Resources is poised to unlock the Amoco project's potential, but assay results will be the true test.
Questions in the middle?
- Will the upcoming soil-geochemistry results confirm and refine drill targets as expected?
- What scale and continuity of mineralisation will the maiden drilling reveal at Amoco?
- How might Amoco’s results influence Critical Resources’ broader exploration strategy and valuation?