Falchion Prospect Shows 400m Strike with Up to 2.75 g/t Gold and 5.4% Antimony

Falchion Prospect, Revisiting Historical Gold-Antimony Mineralisation

iTech Minerals has unveiled a compelling update on its Reynolds Range Project in the Northern Territory, highlighting the Falchion Gold-Antimony Prospect as a site of significant mineral potential. Historical drilling and rock chip sampling have delineated a 400-metre strike of gold and antimony mineralisation, with grades including 22 metres at 2.20 grams per tonne gold and 2.3% antimony, and notable high-grade intervals such as 2 metres at 12.35 grams per tonne gold. Importantly, this mineralised zone remains open both at depth and along strike to the east, suggesting further upside potential.

Enhanced Geological Interpretation and Regional Prospectivity

A meticulous review of historical drilling data corrected previous drill hole location errors, enabling a more rigorous geological interpretation. This has expanded the prospectivity at Falchion, identifying multiple new drill targets down dip and along strike. Beyond Falchion, iTech has identified a series of stacked, east-west trending structures extending over 18 kilometres, coincident with geophysical anomalies such as chargeability highs and subtle magnetic signatures. These anomalies are interpreted to reflect concentrations of sulphide minerals like pyrrhotite, which are closely associated with gold-antimony mineralisation in the region.

Geophysical Surveys and Upcoming Drilling Campaign

Following a brief weather-related pause, geophysical surveys have recommenced at Reynolds Range, with dipole-dipole induced polarisation (IP) surveys planned over the Sabre Prospect nearby. These surveys aim to refine the understanding of the depth and extent of chargeability anomalies, critical for targeting future drilling. iTech plans to commence drilling in the second half of 2025, focusing on extensions of mineralisation at Falchion and Sabre, including down plunge and along strike of fold structures and stacked hinge zones.

Strategic Positioning and Partnerships

The Reynolds Range Project, covering nearly 800 square kilometres, is 100% owned by iTech Minerals and subject to Indigenous Land Use Agreements, ensuring responsible exploration practices. The company has also entered a binding memorandum of understanding with Sociedad Química y Minera de Chile (SQM) to partner in developing the lithium potential of the project, underscoring iTech’s broader strategic focus on critical minerals alongside gold and antimony.

Looking Ahead

While no resource estimate or economic studies have yet been completed, the combination of historical data, enhanced geological modelling, and geophysical evidence positions Falchion and its surrounding prospects as highly promising exploration targets. The upcoming drilling campaign will be pivotal in confirming the extent and grade continuity of mineralisation, potentially unlocking significant value for iTech Minerals and its stakeholders.