Drilling Report (3514Z)
14 Marzo 2012 - 3:00PM
UK Regulatory
TIDMCRHL
RNS Number : 3514Z
Creat Resources Holdings Ltd
14 March 2012
14 March2012
Creat Resources Holdings Limited
("CRHL")
Exploration Programme update
Further to the announcement on 22 Nov 2011, Creat Resources
Holdings Limited (the "Company") (AIM: CRHL) is pleased to announce
the first batch sample results from the 2012 drilling program on
EL30 and EL20, located in the West of Tasmania, Australia.
The Company's 2012 drilling program continues from the 2011
program was designed to test a mineralized zone extending along
strike east of known mineralisation found within the Comstock
Retention Licence and confirm potential new Lead-Zinc resources at
the Austral Project in EL20.
Three diamond drill holes were completed with results which
confirm the handheld XRF readings taken previously, as follows:
Exploration Interval(m) Aver-Lead Aver-Zinc
Drillhole Area Licence From(m) To(m) (%) (%)
AU002 Austral EL20 167 169 2.0 1.24 0.63
----------- ----------- ------------- -------- ------ ------------ ---------- ----------
176 213 37.0 1.86 0.67
------------------------------------- -------- ------ ------------ ---------- ----------
256 278 22.0 1.66 0.34
------------------------------------- -------- ------ ------------ ---------- ----------
East of
SY159 Comstock EL30 129 135 6.0 0.69 3.37
----------- ------------- -------- ------ ------------ ---------- ----------
SY160 85 86 1.0 3.17 3.02
-------- ------ ------------ ---------- ----------
Comstock East Project
Two diamond drill holes have been completed at the Comstock East
Prospect, SY159 and SY160. These holes were designed to test the
possible extension of the known Boss mineralised zone within the
Comstock Retention Licence, further to the east. CRHL holds a NWW
trending mineralized zone between the Stellar Resources Ltd Queen
Hill Tin Project and the recently acquired RMG Ltd Stonehenge
lease. This mineralized zone continues to the western boundary of
the Company's EL20/2002 lease.
Prior to these two holes being completed the most easterly hole
drilled was SY011 which had a mineralised intersection of 3.66%
Lead and 10.97% Zinc over 5m from 152m. SY159, the first hole
drilled is approximately 400m east along strike from SY011. Diamond
drill hole SY160 located another 230m eastof SY159 also intersected
two narrow zones of mineralisation. It appears the mineralised zone
is shallowing towards the east and splaying closer to the surface
into multiple zones, which recommended that future drilling be
completed between SY011 and SY159 to further confirm the zone.
Austral Project
Two more diamond drill holes were completed at this project to
test further known mineralised zones at Austral. AU002 was drilled
in the Austral valley to the west under historical drill hole
ZT-79-1A. AU002 confirms the down dip continuation of the
mineralised zone located in the earlier hole as well as
intersecting an unknown secondary zone further down hole. It also
demonstrates continuity along strike from AU001. This drill hole
indicates increased thickness, down dip, of the mineralised zone.
Although lead and zinc values are lower the anomalous zinc values
are consistent with previous drilling. The potential for high grade
lead and zinc in a mineralized zone appears possible at depth after
careful consideration of the geology.
The further drill hole to test down dip continuity from AU001
and AU002 could be warranted. Also a further diamond drill hole,
AU004, has been planned and approved which is positioned to the
north east of AU002 to test the extent of the zone along
strike.
For further information please visit www.creatresources.comor
contact:
Creat Resources Holdings Limited Tel: +61 3 6216 2700
Allan Branch
Company Secretary, General Manager
Evolution Securities Limited (Nominated Tel: +44 20 7071
Adviser) 4300
Evolution Securities China Limited
(Broker)
Tim Worlledge
Esther Lee
About Creat Resources Holdings Limited
CRHL is an early stage mining exploration company holding 4
Exploration Licences and 3 Retention Licences covering 109 square
kilometres around the mineral rich Zeehan area in western Tasmania.
CRHL also has a strategy of acquiring assets in interesting
resources companies that complement or supplement the Company's
exploration activities. CRHL is a major shareholder of Galaxy
Resources Ltd ("Galaxy") with an interest of 11.78% shareholding.
Galaxy is an Australian-based integrated lithium mining, chemicals
and battery company listed on the Australian Securities Exchange
(Code: GXY) and is a S&P/ASX 300 Index Company. Galaxy plans to
be one of the world's largest lithium carbonate producers and is
positioning itself to be involved in every step of the lithium
supply chain.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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