iTech Minerals making a splash with more gold-silver-antimony prospectivity at Reynolds Range

iTech Minerals’ rock chip sampling returns up to 11.4g/t gold, 735g/t silver and 2.5% antimony at the Reynolds Range project
Ongoing field work has expanded gold-silver-antimony mineralisation at Sabre, Falchion, and Lander 1
Current work focused on extensions to the west of Scimitar at the Sabre and Falchion prospects

Special Report: iTech Minerals’ rock chip sampling has expanded the prospectivity of its Reynolds Range project in the Northern Territory after identifying numerous occurrences of gold-silver-antimony mineralisation.

Rock chips returned assays of 11.4g/t gold, 10.4g/t silver, 4.3% lead and 2.5% antimony, 3.4g/t gold, 130g/t silver, 2% lead and 1.1% antimony, and 735g/t silver and 14% lead.

iTech Minerals’ (ASX:ITM) ongoing field work has expanded gold-silver-antimony mineralisation within the Lander Rock Formation at the Sabre, Falchion, and Lander 1 prospects, which cover a combined strike of over 2.6km.

It noted that the prospective horizon occurs on the western extent of the prospective Scimitar and Reward volcanogenic massive sulphide horizon and may represent a transition to an epithermal gold-silver-antimony mineralisation style.

Additionally, historical regional lag soil sampling had defined a more extensive zone of anomalous geochemistry with antimony elevated over 6.3km by 2.5km.

“The Reynolds Range project is proving to be well endowed with a diverse range of high value commodities at surface,” managing director Mike Schwarz said.

“Our ongoing mapping and sampling programs have identified numerous occurrences of high-grade gold, silver and antimony mineralisation across a strike of 2.6km. This occurs within an even broader zone of soil anomalism which extends to over 6.3km.

“Now that the iTech team has established the critical controls on mineralisation within the district we are shifting our focus to geophysical surveying and drill target generation.

“This includes the high priority Scimitar Cu-Au Prospect which the company intends to drill, once all approvals have been received.”

Expanded gold-silver-antimony potential across the Sabre, Falchion and Lander 1 prospects. Pic: iTech Minerals

Field work

ITM’s geologists have been undertaking a field-based review of the various mineralisation styles across Reynolds Range over the past few weeks to better understand key pathfinder elements and exploration methods that are most effective at identifying economic mineralisation.

Historical exploration was largely focused on gold, where assays of drill holes and rock chip samples were often limited to a few elements.

The company noted that by revisiting historical workings and prospects, it had obtained a full suite of assays from the various mineralisation styles, allowing the identification of previously unknown associations of pathfinder elements.

It can also gain an understanding of where high-grade of mineralisation occurs within particular geological environments.

Current work is focused on extending the gold-silver-antimony mineralisation identified to the west of Scimitar at the Sabre and Falchion prospects.

Next steps

ITM is currently obtaining the necessary approvals to commence drilling at the Scimitar copper-gold prospect where a substantial electromagnetic anomaly, coincident multielement soil anomaly and overlying rock chips remain untested by drilling.

Access to drill sites has been established by previous explorers and remains open with excellent logistics for a near term drill campaign.

The company’s geologists are currently in the field organising logistics for a two-hole diamond drilling program at Scimitar, targeting the main conductivity anomaly.

It is also continuing a program of field mapping and sampling as it continues to assess existing and new prospects across the Reynolds Range tenement package.

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.