WATCH: Over the past couple of months we have released a number of announcements with rockchip results from the Reynolds Range Copper-Gold-Lithium-Antimony Project. In this ‘Ask iTech’ we have a question from an investor about this exploration strategy and when we plan to start drill testing at the project. (4min)
HIGHLIGHTS
• Ongoing field work at the Reynolds Range Project has defined a new 26km long horizon within the Lander Rock Formation that has high potential for polymetallic copper-gold-silver-lead mineralisation
• The prospective horizon sits above a regionally extensive magnetic complex, that includes abundant conformable mafic rocks and is coincident with significant copper-gold-silver-lead mineralisation in rock chips at the Scimitar and Reward Prospects
• The polymetallic nature of mineralisation and geological context suggests a volcanogenic massive sulphide (VMS) style of mineralisation
• Regionally significant electromagnetic anomalies at both the Scimitar and Reward Prospect align with the mineralised horizon and have the potential to be caused by massive sulphides associated with VMS mineralisation
• Latest significant results at the Reward Copper-Gold Prospect include:
- RR24-115 – 19.5% Cu, 3.15g/t Au and 2,090.0g/t Ag
- RR24-116 – 19.6% Cu and 12.2g/t Au and 785.0g/t Ag
- RR24-114 – 13.8% Cu and 19.4g/t Ag
Ongoing fieldwork, including mapping and sampling is allowing iTech to develop a model for regional polymetallic copper-gold-silver mineralisation across the Reynolds Range Project. The coincidence of an extensive magnetic complex, high-grade mineralisation in rock chips and regionally significant electromagnetic anomalies suggest a compelling exploration target for volcanogenic massive sulphide mineralisation across a strike length of over 26km.
iTech plans to drill test the most compelling target at Scimitar in coming months.
Figure 1. Newly identified horizon with polymetallic VMS potential across the Reward, Scimitar and Sabre Prospects with location of recent rock chip samples on a total magnetic intensity image.
RECENT NEWS FROM THE REYNOLDS RANGE PROJECT
Copper-Gold-Silver Prospectivity Extended at Reynolds Range
More High Grade Copper & Gold Rockchips at Reynolds Range
22% ANTIMONY AT SABRE AND 12.6% ANTIMONY AT FALCHION, REYNOLDS RANGE, NT
