Critical Resources Limited Expands High-Grade Gold-Antimony Target – Up to 15.1 g/t Au, 0.7% Sb & 53.2 g/t Ag Uncovered at Amoco Project in NSW
Wednesday, June 4, 2025
at
8:20 am
Critical Resources Limited reports an expanded target at its Amoco Project. Recent rock chip assays showed promising grades with gold up to 15.1 g/t, antimony at 0.7%, and silver peaking at 53.2 g/t. Follow-up field work and drill permit applications are underway, boosting prospects for value creation.
Critical Resources Limited has revealed encouraging progress at its Amoco Gold-Antimony Project located in the New England Fold Belt of New South Wales. Recent field mapping and rock chip sampling have identified robust mineralisation with gold grades reaching 15.1 g/t, antimony values up to 0.7%, and silver concentrations as high as 53.2 g/t. Notably, a new zone of mineralisation has been detected approximately 350 meters from the previously known area, reinforcing the project's potential.
The company’s field team collected 15 rock chip samples along a mineralised trend spanning roughly one kilometer. All samples returned gold values above 0.8 g/t, with results in the northern and southern zones confirming significant antimony and silver grades. Elevated readings for silver and lead in the new zone support the interpretation of mineral zonation, a common characteristic in antimony-gold systems. These findings align well with legacy data and are comparable to similar projects in the region, notably those managed by neighboring operators.
Looking ahead, Critical Resources Limited is actively finalising applications for its maiden drill programs at both the Amoco and Mayview prospects, with permits already under review by the New South Wales Resources Regulator. The company is also preparing for a targeted multi-element soil sampling initiative along with high-resolution magnetic geophysics and LIDAR surveys, all designed to sharpen drill targeting and further define this promising mineralised system.
In terms of market sentiment, the news carries a bullish tone based on the strong assay results and strategic progression towards drilling, which validate the geological model and support potential future discoveries. However, from a bearish perspective, the project remains at an exploratory stage with key permits and further detailed surveys yet to be completed, highlighting execution and de-risking challenges that investors should consider.