Iltani Resources Restarts Exploration at Queensland Silver-Indium Project; Shares Rise Past 11%

MT Newswires Live

03-14

Iltani Resources (ASX:ILT) restarted exploration activities at its Orient silver-indium project in Queensland, according to a Friday Australian bourse filing.

A track-mounted reverse circulation drill rig is expected to arrive on-site on March 17 to start a 28-hole infill drilling program at the Orient West prospect, the filing said.

Meanwhile, a wheel-mounted reverse circulation drill rig is expected to start a 26-hole infill drilling program at the Orient East prospect by the end of March.

A diamond drill rig is expected to arrive in April to complete two drill holes at each prospect.

Data from the infill drilling programs will be used by independent mining consultant Mining One to model and estimate the initial resources, per the filing.

Iltani Resources' shares rose past 11% in recent trading on Friday.

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