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Critical Resources Ltd ( (AU:CRR) ) has shared an update.
Critical Resources has completed its inaugural reverse circulation drilling campaign at the Cap Burn Gold Project in New Zealand’s Otago region, marking the start of a broader, multi-stage exploration push across the roughly 10-kilometre Cap Burn fault structure. The program comprised 11 holes over 725 metres, successfully intersecting the targeted Cap Burn fault and its Textural Zone four schist unit, with observed quartz stockwork veining and sulphide mineralisation; samples have been sent to a local laboratory with assays expected by mid-February 2026, which will guide follow-up work next year. Positioned just 11 kilometres from OceanaGold’s 10-million-ounce Macraes gold camp and sharing geological similarities with Santana Minerals’ Rise and Shine discovery, Cap Burn underpins Critical Resources’ strategy to establish a low-impact, low-cost presence in an underexplored but highly prospective gold belt, potentially enhancing its growth prospects if assays confirm significant mineralisation.
More about Critical Resources Ltd
Critical Resources Limited is an ASX-listed exploration company focused on building a portfolio of critical minerals and precious metals projects, including a growing gold exploration footprint in New Zealand. The company is targeting underexplored but historically productive gold regions, aiming to leverage low-cost entry opportunities in structurally controlled, multi-million-ounce gold corridors such as the Otago Schist Belt.
Average Trading Volume: 4,483,068
Technical Sentiment Signal: Sell
Current Market Cap: A$26.64M
For an in-depth examination of CRR stock, go to TipRanks’ Overview page.