iTech Minerals has intersected further shallow, high-grade gold and antimony mineralisation at the Falchion Prospect, returning assay results from all nine reverse circulation drill holes completed during the latest program.

The Falchion Prospect forms part of the company’s 100%-owned Reynolds Range Gold-Antimony Project in the Northern Territory. The project covers 791 square kilometres across four granted exploration licences in the Aileron Province. SQM International Pty Ltd holds an option to earn up to a 70% interest in the lithium mineral rights at Reynolds Range, while iTech retains 100% ownership of all other commodities.

The latest reverse circulation drilling at Falchion confirmed a second zone of high-grade gold and antimony mineralisation located approximately 1.6 kilometres west of the Sabre Prospect. Standout intersections from the program include hole FLRC26-002, which returned 6 metres at 3.31 g/t gold from 79 metres alongside 7 metres at 1.86 g/t gold from 66 metres, and hole FLRC26-001, which intersected 9 metres at 2.51 g/t gold from 33 metres. Hole FLRC26-007 returned 7 metres at 2.48 g/t gold from 80 metres.

The company also tested a new zone of mineralisation identified from recent soil sampling approximately 180 metres northwest of previous drilling. Hole FLRC26-009 intersected a discrete zone of high-grade antimony, returning 8 metres at 0.95% antimony from 46 metres.

“These results highlight the potential for Reynolds Range to host multiple gold-antimony deposits. We now have two prospects, around 1.6 kilometres apart, returning thick, high-grade intersections from shallow depths. Importantly, the mineralisation at both prospects remains open.”

— Mike Schwarz, Managing Director

Metallurgical test work is currently underway to determine gold and antimony recoveries and evaluate the potential for future reporting of a gold equivalent.

Follow-up drilling is underway at the Sabre Prospect, focusing on deeper down-dip and strike extensions. Once this drilling finishes, the drill rig will return to the Falchion Prospect to test extensions to the mineralisation. The company plans to undertake detailed soil sampling along structures hosting both Sabre and Falchion once the current drilling round concludes, alongside a detailed drone magnetic survey over the area.

Read the full announcement: More High-Grade Gold Intercepts at Reynolds Range