en.Wedoany.com Reported - Critical Resources Ltd has obtained high-grade tungsten results from channel and bedrock sampling during preliminary work at the Granite Creek target within the Croesus project on New Zealand's South Island, with a single sample returning a tungsten trioxide (WO₃) grade of 16.63%. Managing Director Tim Wither noted during the presentation that Granite Creek is located in the mountains above Barrytown on the West Coast, forming part of the company's broader Croesus project. The company traced historical high-grade tungsten indications at this target and completed a new round of sampling.

The most prominent result came from channel sample A1419, which returned 0.41 meters at 16.63% tungsten trioxide (WO₃) from an in-situ quartz-scheelite vein. This sample was collected perpendicular to the vein and is considered representative of the true thickness at that location. Wither described this result as "very, very high grade" and added that Granite Creek returned repeat high-grade assays over a 600-meter strike length. The results showed that 9 out of 25 samples had WO₃ grades ranging from 0.67% to 16.63%, with 6 samples above 1% and 3 samples above 2%. Wither also stated that the company identified parallel quartz vein sets along the Barrytown ridge line, with historical grades of up to 20% WO₃ on the other side of the ridge.

Critical Resources Ltd plans to advance mapping at this target, apply for exploration permits, and prepare for potential drilling. The company is also maintaining work on its broader portfolio, including lithium assets in Ontario and the gold potential of the Croesus project.

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