iTech Minerals Uncovers Vast Antimony-Gold Corridor at Reynolds Range

iTech Minerals has delineated a significant antimony and gold mineralised corridor spanning over 6km by 2km at its Reynolds Range project in the Northern Territory, supported by detailed historical soil sampling and recent high-grade rock chip assays. The company is poised to commence drilling at key prospects following imminent government approvals.

  • Extensive 6km x 2km antimony-gold mineralised corridor defined by soil sampling
  • High-grade rock chip assays up to 30.6% antimony and 24 g/t gold at Sabre Prospect
  • Strong correlation between gold and antimony mineralisation across Sabre, Falchion, and Lander prospects
  • New soil anomalies identified in south-west survey area for upcoming exploration
  • Drilling preparations underway pending government approvals to test depth extensions
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Historical Data Illuminates New Opportunities

iTech Minerals Ltd (ASX – ITM) has leveraged detailed historical soil sampling data from the late 1990s to reveal a substantial antimony and gold mineralised corridor at its Reynolds Range project in the Northern Territory. The soil survey, originally conducted by Exodus Minerals and Normandy Mining, covered a grid of 100m by 50m and identified a corridor exceeding 6 kilometres in length and 2 kilometres in width, with mineralisation open to the north-east.

This corridor encompasses the Sabre, Falchion, and Lander prospects, where recent rock chip sampling by iTech has confirmed high-grade antimony and gold mineralisation. Notably, assays at Sabre have returned exceptional grades including 30.6% antimony paired with 2.5 grams per tonne (g/t) gold, and 11.2% antimony with 24 g/t gold, underscoring the project's potential.

Strong Mineralogical Correlation and New Targets

The company highlights a robust correlation between gold and antimony mineralisation, a relationship that enhances the prospectivity of the area. Falchion and Lander prospects also show promising grades, with Falchion rock chips yielding up to 15.9% antimony and 5 g/t gold, and Lander samples containing over 1% antimony alongside gold mineralisation.

Beyond these established prospects, iTech has identified a new cluster of antimony and gold soil anomalies in the south-western part of the survey area. This zone has seen limited modern exploration and will be the focus of upcoming mapping and sampling efforts, potentially expanding the known mineralised footprint.

Advancing Towards Drilling

With government drilling approvals expected imminently, iTech is preparing to mobilise a drill rig to test the depth extent of mineralisation beneath the high-grade surface outcrops at Sabre, Falchion, and Lander. The drilling campaign aims to validate the near-surface findings and explore the potential for deeper mineralised zones, which remain largely untested by previous drilling.

The Reynolds Range project covers four granted exploration licences spanning 791 square kilometres within the Paleoproterozoic Aileron Province. While iTech retains 100% rights to all commodities except lithium; which is subject to a joint venture with SQM International; this broad tenure provides a strategic platform for multi-commodity exploration.

Context and Outlook

Historical exploration in the region has been extensive but largely shallow, with over 3,300 holes averaging less than 10 metres depth, leaving fresh rock beneath surface cover largely untested. iTech’s integration of legacy data with modern sampling and forthcoming drilling could unlock significant value by delineating a new high-grade antimony-gold resource in a jurisdiction known for its mineral potential.

Managing Director Mike Schwarz expressed optimism about the scale and quality of the mineralised corridor, emphasizing the opportunity to discover additional near-surface mineralisation and the importance of the upcoming drill program in confirming the project's potential.

Bottom Line?

As iTech prepares to drill, the market awaits confirmation that this expansive antimony-gold corridor can translate into a significant resource.

Questions in the middle?

  • Will drilling confirm the depth and continuity of the high-grade antimony and gold mineralisation?
  • How might the lithium joint venture with SQM influence the broader development strategy at Reynolds Range?
  • What are the implications of the newly identified south-west soil anomalies for expanding the project’s footprint?