Announcement Date: 2022-07-18
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: iTech Minerals Ltd.
Project name: Eyre Peninsula
Location: Australia
Commodities: REO
Highlight: Drilling results incl. 32m @ 1223ppm REO from 4m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: iTech Minerals Ltd (ASX: ITM, iTech or Company) completed a 478-hole drill program, in April 2022, across four prospects on the Eyre Peninsula in South Australia. The aim of the program was to test the potential for regolith hosted ion adsorption clay (IAC) REEs and high purity kaolin mineralisation. The third batch of drill results, from Caralue Bluff, show that significant intersections of REEs occur within the kaolin (clay) rich weathered horizon over larger areas (Figures 1 & 2). Metallurgical work on 60 mineralised samples from Caralue Bluff are currently undergoing leaching test work with results due within the next 4 weeks. Further samples are being prepared for leaching test work as drill results become available. Caralue Bluff Prospect The Caralue Prospect was initially established as a high purity kaolin prospect with the identification of thick intervals of bright white kaolin, close to surface, in several historical drill holes. Having identified significant REEs in the kaolin rich intervals at Ethiopia, Burtons and Bartels Prospects, iTech geologists suspected that Caralue Bluff might also be prospective for regolith hosted REE mineralisation. Initial drill results (see ASX Release 14 April 2022) revealed thick intervals of elevated REE mineralisation over 8 km. The latest results extend this to an area of approximately 10 km x 9 km. A total area of 12 km x 12 km was tested by drilling of 260 holes, the results of which will determine the continuity of mineralisation within this already extensive area.
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