HIGHLIGHTS
Second batch of results from the recently completed drilling at the Caralue Bluff and IAC REE – Kaolin Prospect confirms significant intervals of REE mineralisation in the clay rich, weathering profile
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Caralue Bluff confirmed as a fourth IAC REE prospect in addition to the Ethiopia, Bartels and Burtons Prosects
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Significant intersections from Caralue Bluff include:
o CBAC22-049 – 23m @ 1016 ppm TREO from 3m
o CBAC22-050 – 8m @ 768 ppm TREO from 5m
o CBAC22-015 – 10m @ 600 ppm TREO from 3 m
o CBAC22-035 – 30m @ 540 ppm TREO from 1m
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This second batch of results also includes the first samples from the Burtons Prospect and confirm significant REE mineralisation in the weathering profile
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Significant intersections from Burtons include:
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o BUAC22-021 – 5m @ 1552 ppm TREO from 10m
o BUAC22-019 – 5m @ 1221 ppm TREO from 9m
o BUAC22-023 – 27m @ 968 ppm TREO from 0 m
o BUAC22-002 – 6m @ 1101 ppm TREO from 13m
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Drill holes from Ethiopia and Burtons that are undergoing kaolin test work in addition to REE analysis have a longer lead time with results from early batches expected in the next two weeks
iTech Minerals (ASX: ITM) is pleased to report that its maiden drilling campaign has been completed at the Company’s Eyre Peninsula tenement package, targeting REE ionic adsorption clay (IAC REE) and high purity kaolin mineralisation.
The Company has completed a total of 478 drill holes across 4 prospects for a total of 9,805m of drilling. Most samples have already been submitted for analysis with the remaining holes to be submitted over the coming weeks.
“The discovery of thick intervals of REEs in the weathering profile at Caralue Bluff, over a distance of 8 km, has been a highlight of iTech’s exploration program to date. Having recently completed 260 drill holes, covering an area of ~12km x 12km, we look forward to receiving further results from this project. The new results from Burtons are also very encouraging with kilometre scale REE mineralisation in the weathering profile identified by the recent drilling.”
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