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WATCH: In this Exploration Update MD Mike Schwarz discusses the geology and targeting methodology used at the Scimitar Copper Gold Target. (5min)
The Scimitar Cu-Au Prospect is a standout drill target that has all the signs of a potential large-scale mineralised system. With good access, coincident multielement soil anomalies, high conductivity EM anomalies and outcropping mineralisation of up to 18% Cu, 3.3 g/t Au and 1,490 g/t Ag, 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.— Managing Director Mike Schwarz
HIGHLIGHTS
- Two high priority Copper – Gold (Cu-Au) drill targets defined at the Scimitar Prospect, Reynolds Range, NT
- Multiple vectors point to a potential substantial Cu-Au mineralised system at Scimitar
- Regionally significant 5km x 4km multi element lag soil anomaly with elevated Cu, Au, Ag, Pb, Zn, Sb and As
- Coincident, high conductivity, MLEM anomaly extending over 1.6km
- Outcropping Cu-Ag-Au and Pb-Ag mineralisation in rock chips show fertile mineralising system extends to surface
- A drill rig has been booked and drill permitting, and logistics preparations are now underway
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