Highlights
- Strong silver-equivalent grades reported from Orient West core area
- Potential for open-pittable resource confirmed by wide, shallow mineralisation
- Geophysical survey sets stage for future expansion drilling
Iltani Resources (ASX:ILT) has announced significant silver assay results from eight drillholes at its Orient West deposit in North Queensland. These latest findings form part of the company’s ongoing infill reverse circulation (RC) drilling program targeting the deposit's core area.
The drilling has revealed multiple intersecting high-grade silver-indium vein systems and associated lower-grade stockwork mineralisation near surface, which suggests potential for developing an open-pittable resource. Key highlights from the latest round of assays include:
- Drillhole ORR082 intersecting 1 metre at 1,334.8 grams per tonne (g/t) silver-equivalent.
- Drillhole ORR084 yielding 1 metre at 1,478.3g/t silver-equivalent.
- A broader intercept in ORR084 returned 16 metres at 214.2g/t silver-equivalent from 127 metres depth, including a high-grade 2 metre section grading 913.3g/t from 140 metres.
These results provide further confidence in the high-grade nature of the Orient system and reinforce the potential of the deposit as a significant silver-indium asset within Australia.
The company’s drilling rig has now moved to the Orient East area to continue the JORC-compliant infill drilling. The program is expected to wrap up within the next three weeks, with a resource estimate for Orient East slated for release in September.
In parallel with drilling, Iltani has completed its final versatile time-domain electromagnetic (VTEM) survey. With the data now in hand, geophysical modelling and target generation are underway. The company plans to commence drill testing of these newly identified targets immediately after the resource drilling is finalised. The aim is to expand the Orient system by testing its lateral extensions and potentially increasing the deposit’s tonnage and grade.
Iltani Resources, a mineral exploration company focused on base metals and critical minerals, holds a strong portfolio of advanced-stage projects across Queensland and Tasmania. The company is also set to participate in the upcoming Noosa Mining Investor Conference, scheduled from 23–25 July at Peppers Noosa Resort, where further updates on the Orient Project are expected.
This update positions Iltani (ASX:ILT) as a notable player in the critical minerals space, with the Orient Project continuing to deliver results that could significantly enhance its resource base.