ITM on tail of Reynolds Range antimony
Results add to project's gold and antimony prospectivity with new structures emerging
Mapping and sampling planned ahead of drilling
Special Report: iTech Minerals has identified gold and antimony in data from historical drilling and rock chips at Falchion prospect of its Reynolds Range project in the NT.
The project area is part of the ~42km-long Stafford Gold Trend with 50km of strike coincident with the Trans-Tanami regional structure.
Previous gold exploration at Reynolds Range in the 1990s was conducted primarily by Poseidon Gold, Exodus Minerals, North Flinders Mines, Normandy and Newmont.
Historical drill holes at Falchion were on the hunt for gold and not routinely analysed for antimony.
But now, the company has revealed historical mineralisation over a strike of 400m and this is open to the east. Notable results include:
22m at 2.20g/t gold and 2.3% antimony and 8m at 1.3g/t Au including 2m at 12.35g/t Au and 5.4% Sb;
24m at 2.75g/t Au;
10m at 1.29g/t Au; and
7m at 1.4g/t Au.
A review of the controls on gold and antimony mineralisation has identified multiple prospective structures in the surrounding region and this new geological interpretation allows for expanded gold prospectivity at Falchion and surrounding prospects.
iTech Minerals (ASX:ITM) plans to test targets down dip of existing mineralisation, extensions of mineralisation to the west and underneath mineralised rock chips missed by historical drilling as well as exploring along strike of the northern gold zone to the east.
Watch: iTech joins forces with powerhouse SQM
18km of prospective gold/antimony structures
Notably, the geological review found chargeability anomalies caused by high concentrations of sulphides (including pyrrhotite) associated with gold-antimony mineralisation and defined by gradient array induced polarisation.
The company also found a subtle magnetic anomaly due to high concentrations of magnetic pyrrhotite associated with gold-antimony mineralisation.
ITM has now identified more than 18km of prospective structures coincident with a regional 6.5km-long antimony in lag soil anomaly.
'A review of historical drilling at the Falchion gold-antimony prospect has identified up to 400m of mineralised strike just 1.4km from the 800m-long Sabre gold antimony prospect to the east,' managing director Mike Schwarz said.
'Importantly the Falchion prospect remains open at depth and to the east.
'Up to 18km of prospective structures have been identified in the region based on similarities to the Falchion and Sabre prospects.'
Mapping and sampling of the newly identified prospective structures is planned to help narrow down targets with potential for economic mineralisation for drill testing.
Drilling is expected to commence in the second half of 2025.
This article was developed in collaboration with iTech Minerals, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
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