Critical Resources tungsten discovery boosts Croesus Project

Critical Resources Ltd managing director Tim Wither talked with Proactive about high-grade tungsten results from the Granite Creek target within the Croesus Project on New Zealand’s South Island. Wither explained that Granite Creek sits within the company’s wider Croesus Project, located in the ranges above Barrytown on the West Coast. The company has completed first-pass work at the tungsten target, following up historical high-grade tungsten indications with fresh channel and bedrock sampling. The standout result came from channel sample A1419, which returned 0.41 metres at 16.63% tungsten trioxide, or WO₃, from an in-situ quartz-scheelite vein. The sample was taken perpendicular to the vein and is considered to represent the true width at that location. Wither said the result was “very, very high grade,” adding that Granite Creek had also returned repeat high-grade assays across a 600-metre area. The results included nine of 25 samples returning between 0.67% and 16.63% WO₃, w...