Lacroma Drilling Continues to Deliver Positive Graphite Results

Drilling underway at the Lacroma Graphite Prospect (2023)

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HIGHLIGHTS

 Significant graphite assays from the second traverse at Central Lacroma include: 

o LARC23-028 – 24m @ 8.9% TGC from 20m 

  • incl 6m @ 13.1% TGC from 38m
 

LARC23-029 – 7m @ 9.9% TGC from 52m

  • incl 4m @ 13.4% TGC from 54m 
  • and 11m @ 9.3% TGC from 83m 
  • incl 4m @ 4.6% TGC from 90m 
 

o LARC23-030 – 9m @ 5.5% TGC from 96m 

  • and 17m @ 6.5% TGC from 122m 
  • incl 3m @ 12.4% TGC from 124m 

 

  • Mineralisation at this location extends ~300m across strike, from ~20m below surface to >150m deep, strikes NNW-SSE and dips 450 to the east.
  • A lower grade zone to the west is approximately 90m thick and averages ~5% TGC and a higher-grade zone to the east is approximately 20m thick with grades between 9-14% TGC.
  • This second traverse is over 1 km south of the first traverse and confirms the extensive nature of mineralisation.
  • Drilling is ongoing, with approximately 5,550m of planned 10,000m program completed to date.

The second traverse from the Lacroma Graphite Prospect has continued to deliver significant results and confirmed a 20m thick high-grade zone in the graphite mineralisation at Lacroma. These assays have now confirmed the extensive nature of graphite mineralisation across the prospect for over 1km with more recently drilled holes extending that to over 4km from north to south. With the drill rig turning for the next 3-4 months and the results continuing to flow, iTech is excited to see the Lacroma Prospect continue to grow.

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WATCH: Managing Director Mike Schwarz answer investors questions about the differences between the Sugarloaf and Lacroma Graphite Prospects as well as the importance of the metallurgy in defining a resource.

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