Highlights:
- iTech Minerals is advancing its gold exploration efforts at the Reynolds Range project in the Northern Territory.
- Historical and recent exploration has revealed significant mineralisation across various sites.
- Upcoming geophysical surveys are set to identify additional drill targets, complementing current projects.
iTech Minerals (ASX:ITM), a company primarily recognized for its exploration in lithium and graphite, is shifting focus to the gold and copper prospects of the Reynolds Range project, located in the Northern Territory. The extensive area has shown promise for mineralisation, and iTech is now ramping up exploration activities to further assess the region's potential.
Key Findings From Historical Exploration
Past exploration efforts at the Reynolds Range have already provided strong evidence of the area's mineral wealth. Historical drill assays from the Sabre prospect uncovered a 17-meter section with high-grade gold at a shallow depth, confirming the presence of valuable gold deposits. Additionally, rock chip samples from the region have displayed concentrations as high as 128g/t of gold. iTech’s own exploration work has expanded upon these findings, identifying widespread gold mineralisation over an area spanning roughly 42 kilometers along the Stafford trend within the Lander Shear Zone.
Regional Sampling and Promising Results
Regional rock chip sampling in areas such as the Sabre prospect has shown peak results of up to 182g/t of gold, while the Falchion site yielded readings of 11.4g/t of gold. The Lander 1 prospect has also contributed valuable findings, with assays returning 3.4g/t gold and 1.1% antimony, extending to higher grades at other areas such as 55g/t gold and 2.4% copper at Reward. These results are further reinforced by the mapping of polymetallic veins containing gold, silver, antimony, and lead, with significant mineralisation found in specific geologic structures.
Exploration Methodology and Ongoing Surveys
iTech Minerals is employing a comprehensive and strategic exploration methodology for the Reynolds Range project. This approach includes mapping alteration and mineralisation across multiple kilometers of strike, allowing for a detailed understanding of the project's geology. A focal point of the current exploration is a substantial antimony lag soil anomaly, stretching across a 6.3 km by 2.5 km area. To refine drill targets, iTech Minerals plans to conduct induced polarization and electromagnetic geophysical surveys, which will help pinpoint new areas for exploration at key sites such as Sabre, Falchion, Lander 1, Pine Hill, and Reward.
Strategic Exploration Amid Rising Gold Prices
The market for gold remains strong, with prices nearing record highs. This environment has created an opportune moment for iTech Minerals to accelerate its exploration efforts at Reynolds Range. In addition to gold exploration, the company is preparing to expand its drilling activities at the Scimitar prospect, which has shown indications of hosting volcanogenic massive sulphide deposits. The integration of these complementary projects further enhances the value of the Reynolds Range, positioning it as a key asset in iTech’s portfolio.
The upcoming exploration at Reynolds Range aligns with iTech Minerals’ broader strategy of identifying high-value mineralisation across various sites. The combination of advanced geological mapping, targeted geophysical surveys, and ongoing drill campaigns is expected to further unlock the full potential of the project.
iTech Minerals continues to make significant strides in its exploration efforts at Reynolds Range, with promising gold and copper mineralisation identified across multiple sites. The integration of advanced geophysical surveys and comprehensive exploration methodologies ensures that the company is well-positioned to discover further valuable deposits in the region. As exploration activities continue, the company is poised to enhance its understanding of Reynolds Range’s full mineral potential.