WATCH: In this Exploration Update MD Mike Schwarz discusses his first impressions from visiting the Reynolds Range Project. (3min)
Having visited the Reynolds Range Project and the numerous copper and gold prospects across the tenement package, I now have a greater appreciation for the widespread scale of mineralisation along the entire 70km tenement package. It was very encouraging to see outcropping copper mineralisation at multiple locations and confirmation of the broader potential for large scale mineralised systems.
Our team has significant experience in exploring for large scale copper-gold systems in South Australia. Techniques which we can bring to bear on the Reynolds Range Project which is largely exposed at surface.
HIGHLIGHTS
- iTech Managing Director, Michael Schwarz and fellow Director, Gary Ferris visited the Reynolds Range Project in late May to confirm the copper-gold potential identified in a recently completed historical exploration review.Â
- Widespread outcropping copper mineralisation was identified and sampled at the Scimitar and Reward prospects with potential for coincident gold and silver.Â
- Numerous outcropping low-sulphide gold style veins systems were identified and sampled at the Sabre, Falchion and Troutbeck prospects.Â
- Mapping and sampling have confirmed the potential for widespread copper, gold and silver mineralisation across the ~70km of strike Lander Shear Zone covered by the tenement package.Â
- Potential for lithium mineralisation was identified in the abundant pegmatite systems across the entire tenement package with samples taken from several tin bearing pegmatites at the Mt Stafford Prospects.Â
- Results from rock chip samples are expected in late June.Â
WHATS NEXT
The initial assessment on-ground assessment of the Reynolds Range Project has provided iTech Minerals with significant encouragement to advance exploration for copper and gold at the project. In particular, the Scimitar Copper-Gold Prospect presents a drill ready target with a substantial electromagnetic target, coincident multi-element soil anomaly and overlying rock chips, which remains untested by drilling.
Assay results from the rock chip sampling are expected in late June and will be reported to the market when available.
RECENT NEWS FROM THE INVESTOR CENTRE
Copper-Gold-Silver Prospectivity Extended at Reynolds Range
More High Grade Copper & Gold Rockchips at Reynolds Range
