Iltani Resources (ASX:ILT) has released an initial exploration target that it says could position the Orient Project in north Queensland as “Australia’s largest silver-indium deposit”.
Mining One Consultants has independently estimated an initial target of 74-100 million tonnes @ 55-65 grams per tonne (g/t) silver equivalent, using a 30g/t cut-off, for the Orient West Prospect.
This includes a “high-grade” target of 20-24 million tonnes @ 110-120g/t silver equivalent, using an 80g/t cut-off.
A high-grade core was confirmed at Orient West after Iltani intersected up to 1,552g/t silver equivalent.
Managing Director Donald Garner says the exploration target is based on 22 holes drilled to date at the prospect, which have also demonstrated a high-grade core at Orient West.
“We are pleased to announce the Orient West exploration target and believe that this is a very strong indication that the Orient Deposit, comprising the Orient West, Orient East and Deadman Creek prospects, will be Australia’s largest silver-indium deposit,” he says.
