iTech Minerals (ASX:ITM) has confirmed a second shallow gold–antimony mineralised zone at its Falchion Prospect, 1.6km west of the Sabre Prospect within the Reynolds Range Gold-Antimony Project in the Northern Territory.
Assays from nine reverse circulation (RC) holes at Falchion returned 9m @ 2.51 grams per tonne gold (Au) from 33m and 4m @ 1.54g/t Au from 20m in hole FLRC26-001.
Hole FLRC26-002 returned 6m @ 3.31g/t Au from 79m and 7m @ 1.86g/t Au from 66m, while FLRC26-007 intersected 7m @ 2.48g/t Au from 80m.
The program tested extensions to mineralisation identified in 2025 drilling, including a previous result of 14m @ 6.31g/t Au from 16m. iTech says the latest drilling extends the shallow mineralisation along strike and down-dip, with true widths yet to be determined.
Managing Director Michael Schwarz says the results point to potential for multiple gold-antimony deposits across Reynolds Range.
“We now have two prospects, around 1.6km apart, returning thick, high-grade intersections from shallow depths,” he says.
“Importantly, the mineralisation at both prospects remains open.”
Drilling also tested a new target about 180m northwest of previous Falchion holes, intersecting 8m at 0.95% antimony from 46m in FLRC26-009. iTech interprets the result as an upper-level antimony zone within an epizonal antimony-arsenic-gold system, and plans deeper drilling to test for potentially more gold-rich mineralisation.
Final assays from two holes testing the interpreted margins of the Sabre system returned no significant mineralisation, according to the company.
Follow-up RC drilling is underway at Sabre, targeting deeper down-dip and northeast strike extensions. iTech highlights it has completed 10 holes since late July and plans to return the rig to Falchion once that program concludes.
The Reynolds Range Project comprises four exploration licences covering 791km² in the Aileron Province. iTech retains rights to all commodities other than lithium, for which SQM International (NYSE:SQM) can earn up to a 70% interest.
Write to France Pinzon at Mining.com.au
Images: iTech Minerals
