iTech Minerals Ltd (ASX: ITM) share its Quarterly Activities Report for the period ending 30 September 2024. During this quarter, a significant breakthrough occurred when a spodumene-bearing pegmatite was discovered at Reynolds Range, NT. Satellite imagery has revealed over 60 km of outcropping pegmatites, positioning this area as a potential new lithium province ripe for exploration. The GMF1 pegmatite sampling, conducted over an impressive 90-meter section, has a mapped length exceeding 250 meters before transitioning under a thin sandy cover to the north and south. Notably, QXRD analysis of two lithium-bearing samples from GMF1 confirmed high spodumene contents of 84% and 83%, underscoring the quality of its findings.
With the continued extensive mapping and sampling fieldwork, it is poised to develop a comprehensive model for regional polymetallic copper-gold-silver mineralization across the Reynolds Range Project. Additionally, significant electromagnetic anomalies at both the Scimitar and Reward prospects align with the mineralized horizon and may indicate the presence of massive sulfides linked to VMS mineralization. This presents an exciting opportunity for future growth and discovery.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.