iTech Minerals (ASX:ITM) confirms high grade gold and antimony continuity at Reynolds Range

iTech Minerals has reported a series of high grade gold and antimony intersections from recent reverse circulation drilling at the Sabre and Falchion prospects within its Reynolds Range Project in the Northern Territory, providing new clarity on mineralisation thickness, continuity and structural orientation across a key part of the Stafford Gold Trend.

Highlights

• Thick, shallow gold intersections at Sabre including 26 m @ 1.37 g/t Au from surface and multiple higher grade internal zones
• High grade antimony intervals associated with gold, including multiple metre scale zones above 1.0 % Sb
• Strong result at Falchion of 6 m @ 10.2 g/t Au and 0.93 % Sb from 18 m, including 2 m @ 13.69 g/t Au and 1.47 % Sb
• Mineralisation defined as steeply dipping, up to 30 m thick, extending from surface to beyond 80 m depth and open
• Geological confidence improved following correction of historical drill collar locations and optimised drill orientation
• Follow up drilling, soil sampling and interpretation of newly acquired drone magnetic data planned subject to approvals

The Reynolds Range Project comprises 4 granted exploration licences covering 791 km² within the Aileron Province of the North Australian Craton and lies along the greater than 42 km long Stafford Gold Trend.

The project is 100 % owned by iTech through its subsidiary, with a joint venture allowing SQM International to earn up to 70 % of the lithium rights, while iTech retains 100 % ownership of gold and antimony.

The recent drilling program was designed to test the predicted position of high grade mineralisation after re establishing accurate locations of historical drill holes, which were found to have location errors of up to 15 m to 20 m.

These errors had previously resulted in apparently inconsistent mineralisation when comparing earlier drill campaigns, with the new holes oriented to intersect the steeply dipping structures more effectively and to test the full thickness of the mineralised zones.

At the Sabre Prospect, 4 reverse circulation holes intersected a continuous zone of gold and antimony mineralisation that is steeply dipping to the northeast and ranges from near vertical to approximately 85 degrees.

Gold focussed intercepts included 26 m @ 1.37 g/t Au from surface in hole SBRC25 001 and 31 m @ 2.5 g/t Au from 61 m in hole SBRC25 004, with internal higher grade intervals including 12 m @ 4.11 g/t Au and 2 m @ 7.41 g/t Au.

Antimony focussed reporting returned multiple zones above 1.0 % Sb, including 5 m @ 2.13 % Sb associated with 4.7 g/t Au, confirming the close spatial association of the 2 metals within the same mineralised system.

The Falchion Prospect, located approximately 1.5 km north west of Sabre, also returned consistent mineralisation. Four holes intersected gold over a strike length of more than 80 m, with grades and thickness improving toward the west.

The strongest result was recorded in hole FLRC25 004, which returned 6 m @ 10.2 g/t Au and 0.93 % Sb from 18 m, including 2 m @ 13.69 g/t Au and 1.47 % Sb, demonstrating continuity between holes and confirming that both gold and antimony are present within the same steeply dipping structural corridor.

The program has significantly improved the understanding of the geometry of mineralisation, which has now been shown to be up to 30 m thick, continuous between sections, and extending from surface to depths greater than 80 m.

Importantly, the consistency of grade and thickness between holes suggests that previous uncertainty was largely due to inaccurate historical collar positions rather than complex structural disruption.

iTech Minerals Managing Director Mike Schwarz said the improved geological understanding had materially strengthened confidence in the project, stating that

“the outstanding gold and antimony results from both Sabre and Falchion Prospects have significantly increased our confidence in both the scale and grade of gold and antimony mineralisation at Reynolds Range in the Northern Territory.”

Beyond Sabre and Falchion, limited drilling at the Lander and Pine Hill prospects did not return significant gold intervals, although anomalous multi element mineralisation was recorded and soil sampling is planned to refine additional targets.

A detailed drone magnetic survey has also been completed across the area, with interpretation underway and results to be released to the market once finalised.

With mineralisation now demonstrated to be predictable in both orientation and thickness, iTech has commenced discussions with the Central Land Council regarding site clearances and is progressing government approvals to enable further drilling.

Follow up programs are planned to test extensions along strike and at depth at both Sabre and Falchion, supported by regional soil geochemistry and geophysical interpretation, as the Company advances the next phase of exploration across the Reynolds Range Project.

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