The acquisition of these highly promising tenements in the mining-friendly Northern Territory strengthens iTech's exposure to copper and gold amid rising demand and prices for these metals.
Although iTech remains focused on advancing the Lacroma Graphite Project, the exploration team is taking advantage of the downtime — while independent geologists work on the maiden resource update — to build on the excellent exploration conducted by Prodigy Gold and identify new compelling drill targets within the Reynolds Range Project.
HIGHLIGHTS
Sabre Prospect
o 17m @ 3.93g/t Au from 13m
• including 2m @ 18.15g/t Au from 20m
o 24m @ 2.6g/t Au from 36.5m
o 33m @ 2.3g/t Au from 18m
Reward Prospect
o 20.3% Cu, 191.0 g/t Ag 0.3g/t Au (Rock chip)
o 17.8% Cu, 233.0 g/t Ag 0.9g/t Au (Rock chip)
o 17.8% Cu, 271.0 g/t Ag, 0.6g.t Au (Rock chip)
o 6m @ 2.10g/t Au from 15m
Scimitar Prospect
o 7.5g/t Au, 783 g/t Ag and 5.4% Cu (Rock chip)
o 2.4g/t Au, 241g/t Ag and 19.3% Cu (Rock chip)
o 96.8g/t Ag, 2.8% Pb (Rock chip)
Falchion Prospect
o 29 m @ 2.32g/t Au
o 12m @ 3.76g/t Au
o 16m @ 3.67g/t Au
o 11m @ 4.0g/t Au, 4.45% Sb, 1530 ppm As and 382ppm Pb
o 3m @ 2.2g/t Au, 2.57% Sb 5550 ppm As and 14100ppm Pb
NEXT STEPS
It should be noted that in addition to copper and gold the project area has the critical elements for Nolan’s Bore style REE mineralisation which is approximately 40km to the southeast. Numerous pegmatites with known tin and tantalum mineralisation are also present in the area and have good potential for associated lithium mineralisation.
The upcoming field trip to sample high priority targets is planned to be undertaken in late May/early June.
RECENT NEWS FROM THE INVESTOR CENTRE
More High Grade Copper & Gold Rockchips at Reynolds Range
iTech Minerals Annual Report (2024)
