• iTech Minerals gearing up to start gold exploration at its Reynolds Range project in the NT
  • Upcoming geophysical surveys to identify drill targets at multiple prospects
  • Drill planning will begin once targets have been identified and will complement copper-gold drilling at the Scimitar prospect

 

Special Report: iTech Minerals is drawing attention to the gold potential of its Reynolds Range project in the NT, where exploration is currently being planned.

While better known for its lithium and graphite exploration, the company has been steadily highlighting the gold (and copper) potential of Reynolds Range where historical exploration has established the potential for significant mineralisation across the >45km Stafford trend within the Lander Shear Zone.

This work by previous operators had returned drill assays of up to 17m grading 3.93g/t gold from a downhole depth of just 13m at the Sabre prospect along with rocks sampling up to 128g/t.

Subsequent exploration by iTech Minerals (ASX:ITM) confirmed the widespread potential for gold mineralisation across ~42km of the trend. Regional rock chip sampling returned top results of 182g/t gold at Sabre, 11.4g/t gold at Falchion, 3.4g/t gold and 1.1% antimony at Lander 1, 55g/t gold and 2.4% copper, and 12.2g/t gold and 13.8% copper at Reward.

The company has mapped areas of alteration and mineralisation along several kilometres of strike at the Sabre, Falchion and Lander 1 prospects.

It noted that high-grade gold-silver-antimony-lead mineralisation appears to be of a polymetallic vein style with a strong association with antimony which often occurs within the Lander Rock Formation metasedimentary schist, within discrete dilatational structures, associated with late-stage quartz veining.

ITM’s exploration also gave it a full suite of pathfinder elements to assist with characterisation of the mineralisation style and exploration for additional mineralisation within the 6.3km by 2.5km antimony lag soil anomaly target area.

 

Pipeline of gold prospects at the Reynolds Ranges project. Pic: iTech Minerals

 

Extensive exploration planned

With gold trading near record prices above the $4600/oz level, there’s no better time for gold exploration to ramp up at Reynolds Range.

Planning is currently underway for induced polarisation and electromagnetic geophysical underway to identify drill targets at the Sabre-Falchion-Lander 1, Pine Hill and Reward prospects.

While these areas have demonstrated evidence of significant gold mineralisation in recent and historical exploration, the geophysical surveys are aimed at identifying targets untested by historical drilling.

Drill planning will begin once targets have been identified and will complement copper-gold drilling that is due to commence this quarter at the Scimitar prospect, where previous exploration identified its potential to host volcanogenic massive sulphide style mineralisation.

 

 

 

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.

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