Announcement Date: 2022-03-22
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: iTech Minerals Ltd.
Project name: Eyre Peninsula
Location: Australia
Commodities: REO
Highlight: Drilling results incl. 15m @ 1594ppm REO from 12m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: The aim of the initial phase of drilling was to test the potential for ion adsorption clay (IAC) REE mineralisation at the Bartels Prospect on the Eyre Peninsula in South Australia. iTech has confirmed, from recently received drill results, that significant intersections of REEs occur within the weathered horizon at Bartels and have the potential to form IAC REE style mineralisation. Metallurgical work on mineralised samples will be required to test the extent to which the REEs are easily leachable. In January this year, iTech announced it had identified a new zone of REE mineralisation in a weathered, clay rich horizon at the Bartels Prospect, in the southernmost part of the Eyre Peninsula tenement package (Fig. 1). In 2012, Archer Materials drilled 3 reverse circulation drill holes targeting gold mineralisation in epithermal systems. One drill hole, EPIRC12_003, intersected significant rare earth elements in what is described as kaolinised coarse grained felsic, this hole was drilled to identify strike extensions to gold mineralisation.
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