Inspecting rock chips from RC Drilling at the Sugarloaf Prospect (2023)
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HIGHLIGHTS
Best results from the remaining 11 of 17 drillholes include:
- SLRC23-017
27m @ 7.7% TGC from 8m and
13m @ 26.1% TGC from 73m - SLRC23-010
13m @ 17.2% TGC from 42m - SLRC23-011
48m @ 7.2% TGC from 5m and
49m @ 16.1% TGC from 68m - SLRC23-016
29m @ 9.4% TGC from 23m including
17m @ 13.1% TGC from 28m - SLRC23-014
44m @ 12.3% TGC from 74m - SLRC23-013
59m @ 9.4% TGC from 7m
- The remaining 11 holes at Sugarloaf all hit significant graphite mineralisation
- Drilling now demonstrates thick, high-grade mineralisation from surface to over 100m depth and extends the strike of drilled mineralisation from 2 km to over 4.3km
- Drill hole SLRC23-016 has identified a new graphite mineralised horizon 400m to the west of the current trend
- SLRC23-017 demonstrates the high-grade potential at Sugarloaf with 13m @ 26.1% TGC and individual metre assays over 34% TGC
- iTech has now completed its objective of obtaining sufficient samples over the full extent of Sugarloaf mineralisation and will commence metallurgical test work on producing a concentrate precursor to battery anode material
- Drilling continues at the nearby Lacroma Graphite Prospect
"The high grades and substantial thickness of near surface graphite mineralisation intersected in iTech’s maiden drilling program at Sugarloaf are an exciting outcome. Considering the southern half of the 4.3 km long exploration target had never been drill tested for graphite, a strike rate of 15 out of 17 drill holes hitting significant mineralisation, over 2.3 km, is a significant indicator for the scale potential of the project and will allow metallurgical test work to get underway.”
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WATCH: iTech MD Mike Schwarz discuss the results from the first 6 holes at the Sugarloaf Graphite Prospect to get a better understanding of aims of the drill program (4min) (Released 18 April 2023)
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July 19, 2024
iTech Expands Graphite Mineral Resource By Over 300%
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