iTech Minerals finds more Reynolds Range targets near antimony prospects

• iTech finds new targets close to Sabre and Falchion antimony prospects at Reynolds Range
• A new gold-copper mineralised structure has been outlined at Bayonet, extending over 200m
• Drilling is planned to take place in late October, early November

Special report: A recently completed dipole-dipole induced polarisation survey (DDIP) at Reynolds Range in the Northern Territory has uncovered a chargeability anomaly near the Sabre and Falchion antimony prospects, pointing to the possibility of a new target.

The survey was carried out in an attempt to map the depth extent of a zone of high chargeability identified in an historical gradient array induced polarisation survey (GAIP).

With gold and antimony tied to sulphides at Sabre and Falchion, iTech (ASX:ITM) decided to use DDIP as a geophysical surveying method since it offered the best shot at spotting chargeability highs in the surrounding rocks.

At Sabre, high-grade antimony and gold aligns with a NW-SE structure along the NE edge of a 650m-wide high chargeability zone detected in historical GAIP data.

The recently completed DDIP survey shows a good correlation with the historical GAIP survey and suggests the structures defining the margins are steeply dipping.

Importantly, a significant chargeability anomaly occurs 600m SE of Sabre and along strike from Falchion in a similar geological context, providing a compelling antimony-gold target.

Meanwhile, new rock chips over at the Bayonet prospect – including 15.4g/t gold and 3.3% copper – have identified a new gold and copper mineralised structure, extending for more than 200m, just 1km southwest of Sabre.

Upcoming drilling to test historical drill holes

ITM managing director Mike Schwarz said iTech geologists had been mapping and collecting rock chips at Reynolds Range over the last few months, alongside geophysical survey crews.

“This multidisciplinary patient approach to exploration is paying off with the identification of new mineralised structures being able to be mapped by geophysics and showing the large scale and potential of these systems,” he said.

The company believes the identification of a new mineralised shear zone at Bayonet highlights the potential for additional high-grade gold and copper systems on the margins of the antimony dominant trend.

More site visits to potential drill sites will be taking place over the next few weeks to collect additional data and assess logistics to assist with planning of the upcoming drill program and obtain government drilling approvals in the next six to eight weeks.

iTech has already obtained heritage clearances to drill at the proposed prospects.

Drilling will focus on testing the depth extent of antimony mineralisation beneath the highest-grade outcrops which have not been tested by historical drill holes at Sabre and Falchion prospects and the newly identified DDIP chargeability anomaly SW of Sabre.

Drilling is expected to begin in late October, early November this year.

This article was developed in collaboration with iTech Minerals, a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.