iTech is preparing to sink drill holes into the two highest conductors at Scimitar. Pic: Getty Images.
iTech Minerals identifies priority copper-gold drill targets at Scimitar
Mining
share
- iTech Minerals defines two high-priority copper-gold drill targets at Scimitar
- Targets are the highest conductors identified by MLEM surveying carried out by Prodigy Gold in 2020
- Approvals being sought for the drilling of two deep 600m diamond holes later this year
Special Report: iTech Minerals has defined two high priority copper-gold drill targets at the Scimitar prospect within its Reynolds Range project in the Northern Territory.
Scimitar is a regionally significant 5km by 4km multi-element lag soil anomaly with elevated copper, gold, silver, lead, zinc, antimony and arsenic that was originally identified by Prodigy Gold (ASX:PRX).
More importantly for iTech Minerals (ASX:ITM), this is coincident with a high-conductivity, moving loop electromagnetic anomaly extending over 1.6km and has multiple vectors that point to a potential substantial copper-gold mineralised system.
Adding interest, the outcropping copper-silver-gold and lead-silver mineralisation in rock chips show that the fertile mineralising system extends to surface.
“The Scimitar copper-gold prospect is a standout drill target that has all the signs of a potential large-scale mineralised system,” managing director Mike Schwarz said.
“With good access, coincident multi-element soil anomalies, high conductivity EM anomalies and outcropping mineralisation of up to 18% copper, 3.3g/t gold and 1490g/t silver, the prospect will be the focus of the first drill program at Reynolds Range.
“The iTech team is now getting the required drilling approvals in place to drill test Scimitar in the next few months.”
3D view of EM conductor plate models, historical and proposed drill holes. Pic: iTech Minerals
Reynolds Range
ITM is currently in the process of acquiring the three exploration licences that make up the 375km2 Reynolds Range project in the Aileron Province from PRX.
It is about 90km to 230km north-northwest of Alice Springs with access available from the Stuart Highway.
PRX had originally planned to drill test the Scimitar prospect on several modelled EM anomalies including a 2400 siemens plate incorporating a 480m by 400m area conducive with copper and base metal anomalism and a weaker 500 siemens plate to the south-east with copper-silver-zinc-lead.
However, a 400m drill hole completed at the smaller 500 Siemen plate failed to identify the conductive source while the stronger conductor remained untested due to rain constraints in the region at that time.
The tracks and drill pads were identified during a recent field visit, and locations marked, with good access remaining available to main drill target.
Mapping and sampling by ITM in late May this year confirmed previously identified surface occurrences of copper-silver-gold and silver-lead mineralisation in the vicinity of the EM anomaly.
Notably rock chip assays from this work returned results such as 18.2% copper, 285g/t silver and 1g/t gold as well as 14.2% copper, 1490g/t silver and 3.3g/t gold.
Drill plans
ITM is currently in the process of securing all necessary approvals to drill the two highest conductors identified from the 2020 MLEM survey at Scimitar.
The targets will be tested with two 600m deep diamond drill holes, which are oriented to intersect the middle of each conductive plate.
A drilling contractor has been confirmed for the latter part of the year with a view to commence drilling in the next few months.
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.
