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Highlights
- Iltani Resources (ILT) to expand exploration in North Queensland.
- Drilling at Orient East reveals significant silver-equivalent intersections.
- Resource infill and new exploration programs planned for 2025.
Iltani Resources (ASX:ILT) is advancing its exploration efforts at the Orient Silver-Indium Project in North Queensland. The company plans to test several mapped vein systems and historical workings at Orient North in 2025, a location situated approximately 250 meters north of current drilling at Orient East. Orient North is identified as a high-priority target, offering the potential to become an additional mining center within the expansive project.
Recent drilling at Orient East has delivered exceptional results, reinforcing the potential of this critical mineral and base metal deposit. A notable achievement includes drill hole ORR053, which reported an intersection of 1 meter at 2,066.3 grams per tonne (g/t) silver-equivalent within a broader zone of 4 meters at 921.8 g/t silver-equivalent from 77 meters. These findings continue to highlight the continuity of mineralisation, with intersections at Orient East now extending over 130 meters down-dip and remaining open at depth.
The mineralisation at Orient East consists of epithermal vein systems with associated stockwork zones, extending over an area of approximately 6 square kilometers. Iltani Resources has expanded its exploration program to include eight additional drill holes targeting mineralisation to the west, where potential connections to the Orient West vein system are anticipated.
In the recently completed drilling program, results from ten holes further confirmed the project's capacity to support large-scale mining, targeting silver, lead, zinc, and indium deposits. The mineralisation intersected remains shallow and within depths suitable for open-pit mining. Notably, ORR049 intersected 28 meters at 191.5 g/t silver-equivalent from 36 meters, further validating the open-pit potential.
Looking ahead, Iltani Resources plans to mobilise at least two drill rigs in 2025 to continue exploration at Orient East and conduct resource infill drilling at Orient West. The completion of the Orient East exploration target, anticipated by January 2025, will set the stage for the next phase of development.
In addition, assay results from recent drill holes, including ORR056 to ORR060 at Orient East and ORR061 at Orient South, are expected in the coming weeks. These findings will provide further insights into the project's mineral potential and guide the company’s future strategy.
The Orient Silver-Indium Project continues to demonstrate its promise as a significant mining opportunity, with ongoing exploration reaffirming the high-grade potential of this resource-rich area.
