+ Second Shoot Identified
WATCH: MD Mike Schwarz takes a break from collecting metallurgical samples at the Sabre Gold Antimony Prospect to give this short update on why he thinks the latest drilling results are significant for iTech’s exploration plans at the Reynolds Range. (1min)
HIGHLIGHTS
Deep reverse circulation (RC) drilling at the Sabre Prospect, part of iTech Minerals’ 100%-owned Reynolds Range Gold-Antimony Project in the Northern Territory, has extended the main gold-antimony shoot (Shoot 1) from approximately 100m to approximately 270m below surface. The shoot remains open at depth.
A second shoot has been identified approximately 120m south of Shoot 1, beneath an outcrop that previously returned rock chips of up to 182 g/t Au. (ASX: ITM 5 July 2024)
- Significant gold-focused results at Sabre include:
- SBRC26-017 25m @ 4.88 g/t Au and 0.85% Sb from 242m
- incl. 10m @ 8.50 g/t Au and 1.83% Sb from 245m
- and 13m @ 2.87 g/t Au and 0.23% Sb from 226m
- SBRC26-016 28m @ 3.23 g/t Au and 0.40% Sb from 192m
- incl. 11m @ 4.81 g/t Au and 0.78% Sb from 207m
- and 9m @ 3.49 g/t Au from 94m
- SBRC26-008 21m @ 2.04 g/t Au from 81m (Shoot 2)
- incl. 11m @ 3.13 g/t Au from 81m
- SBRC26-009 6m @ 2.62 g/t Au from 67m (Shoot 2)
- The highest gold grades, above 10 g/t Au, include 4m @ 11.35 g/t
Au and 2.35% Sb from 248m in SBRC26-017 (peak of 14.57 g/t Au
and 3.95% Sb over 1m) and 2m @ 10.94 g/t Au from 215m in
SBRC26-016.
- SBRC26-016 and SBRC26-017, drilled steeply down the shoot,
returned mineralised intervals of 209m @ 1.14 g/t Au from 24m and
136m @ 1.61 g/t Au from 140m respectively (not true widths).
The latest results are highly significant for iTech Minerals and for our understanding of the gold-antimony potential at Reynolds Range. Firstly, the two deep holes have confirmed our belief that the main Sabre shoot plunges steeply, and we now know that the high-grade mineralised zone continues down 270 metres below the surface and remains open at depth. In addition, identifying a second gold shoot 120m to the south gives us strong encouragement that we are cracking the code at Reynolds Range and with 13km of highly anomalous ground to explore, there are more gold-antimony shoots to be discovered.
