iTech Minerals’ (ASX: ITM) Managing Director Mike Schwarz takes the latest episode of ‘Ask iTech’ on the road to show investors the importance of the game-changing soil sampling results at the Falchion Gold Antimony Prospect and answer some questions from investors about iTech’s method for finding extensions to mineralisation at the Reynolds Range.
The new sampling process using a small ATV-mounted auger has now demonstrated that the pXRF soil geochemistry gives iTech reliable, real-time vectors to gold–antimony mineralisation in the field, at a fraction of the cost and turnaround time of laboratory-only programs. Mike takes investors to the Falchion prospect to show how the process has already identified a new zone of mineralisation at Falchion.
And importantly, with 13 kilometres of prospective structures identified in the recently flown drone magnetics, iTech has the tool it needs to screen this enormous search space quickly and effectively – to ensure our drilling is targeting the highest-quality gold–antimony targets.
Key findings from the latest laboratory results:
• Soil sampling returns outstanding peak values of 12.1g/t Au (SS26002, Sabre) and 9.1% Sb (FS26070, Falchion) in laboratory assays
• 48 of 182 samples returned more than 0.1 g/t Au, including 9 samples with more than 1 g/t Au; 21 samples returned more than 0.1% Sb in laboratory assays
• Field-portable XRF (pXRF) results correlate strongly with laboratory assays for As (ρ = 0.91), Sb (ρ = 0.87) and Pb (ρ = 0.81), validating pXRF as a rapid, low-cost first-pass targeting tool
If you have a question for the iTech team about our projects, exploration activities, or science programs, send it in, and we’ll try to answer it in an upcoming episode so that it can help all of our investors make more informed decisions.
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