Itech Minerals Ltd (ASX:ITM) High grade copper and gold results at Reynolds Range Project
6 September 2024
Price Sensitive Announcement $
Overview:
iTech geologists visited the Reynolds Range Project in late July to follow up high grade copper and gold results from the previous sampling trip and examine previously unvisited prospects.
Highlights:
Significant results include:
o Stanley Copper-Gold Prospect
▪ RR24-078 – 29.1% Cu, 0.83g/t Au and 27.4g/t Ag
▪ RR24-079 – 10.3% Cu and 0.2g/t Au
▪ RR24-082 – 7.6% Cu and 0.22g/t Au
▪ RR24-081 – 6.9% Cu and 0.16g/t Au
▪ RR24-080 – 2.4% Cu
o Pine Hill Gold-Copper Prospect
▪ RR24-071 – 55g/t Au and 2.4% Cu
▪ RR24-070 – 1.6g/t Au and 0.6% Cu
o Trout 2 Gold Prospect
▪ RR24-084 – 8.2g/t Au
▪ RR24-085 – 2.8g/t Au
o Cutlass Gold Prospect
▪ RR24-091 – 15.4g/t Au
Reynolds Range Project Background
The Reynolds Range project consists of three Exploration Licenses, EL23655, EL23888 and EL28083. The project covers a total of 375 km2 of the Aileron Province, part of the Paleoproterozoic North Australian Craton and is located 90-230km NNW of Alice Springs with access available from the Stuart Highway and then the un-sealed Mt Denison road. iTech Minerals has recently acquired 100% of all three licences. The project area is part of the >42km long Stafford Gold Trend with 50 kilometres of strike coincident with the Trans-Tanami regional structure.
Stanley Copper Prospect
The Stanley prospect (Figure 1) is a narrow 500m long, laminated mineralised copper linear trend
located 10km to the south-east of the Scimitar prospect. This lithologically controlled “Scimitar style”
mineralisation consists of supergene enriched saccharoidal quartz veins hosting sulphide and malachite mineralisation at surface. The Stanley prospect coincides with late dolerite dyke features with dextral fault offsets hosted within altered medium grained meta-turbidite Lander Rock Beds. To date, the north- west strike extent remains untested. When iTech visited the site, it found several pods of extremely copper rich malachite mineralisation over 50m.
Five rock chip samples of malachite rich schist and quartz veining were taken across the prospect
(Figure 2).
Company Notes:
Managing Director – Mike Schwarz – “Following on from high grade antimony results recently released from the Sabre (22% Sb) and Falchion (12.6% Sb) Prospects, iTech is pleased to announce the remaining results from the July rock chip sampling program. Reynolds Range continues to deliver impressive results of up to 29% copper and 55 g/t gold from our orientation rock chip sampling program. The multi-element geochemistry we are finding, is helping us to characterise each mineralisation style and determine essential pathfinder elements to assist with discovery. We can already see a strong association between, antimony, arsenic and gold mineralisation and between copper, gold and silver mineralisation.”
Full ASX Announcement: iTech Minerals | More High Grade Copper & Gold Rockchips at Reynolds Range
