The Reynolds Range Project is proving to be well endowed with a diverse range of high value commodities at surface. 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.— Managing Director Mike Schwarz
HIGHLIGHTS
Latest significant results from rock chip sampling at the Reynolds Range Project include:
- RR24-167 – 11.4g/t Au, 10.4g/t Ag, 4.3% Pb and 2.5% SbÂ
- RR24-166 – 9.4g/t AuÂ
- RR24-171 – 3.4g/t Au, 130.0g/t Ag, 2.0% Pb and 1.1% SbÂ
- RR24-172 – 1.0 g/t Au, 2.1% Pb and 0.8% SbÂ
- RR24-173 – 735.0 g/t Ag and 14.0% PbÂ
- RR24-174 – 60g/t AgÂ
• The prospective horizon occurs on the western extent of the Scimitar and Reward volcanogenic massive sulphide (VMS) prospective horizon (ASX: ITM 26 September 2024) and may represent a transition to an epithermal gold-silver-antimony mineralisation style
• Mineralisation occurs across three main prospects at Sabre, Falchion and Lander 1 which cover a combined strike of over 2.6km
• Historical regional lag soil sampling defines a more extensive zone of anomalous geochemistry with antimony elevated over 6.3km by 2.5km
WATCH: Over the past couple of months iTech has released a number of announcements that have included rockchip results from the Reynolds Range Copper-Gold-Lithium-Antimony Project. In this recent ‘Ask iTech’ MD Mike Schwarz answers a shareholders question about this exploration strategy and when we plan to start drill testing at the project. (4min)
(First released 26 September 2024)