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iTech Minerals (ASX:ITM) has unveiled high grade rock chip samples to market with one boasting over 18% copper and another at 1,490g/t gold.
Worth remembering is that rock chips are always higher grade given that they need to be visible from the naked eye, meaning those with enough mineralisation to glint in the light are often pulled up first.
High rock chip grades do not indicate high grades underground.
Regardless, the company described copper mineralisation as “widespread” on Tuesday, noting the Scimitar and Reward prospects also boast coincident gold, silver and lead.
Other rock chip sample results included:
- 18.2% Cu, 285.0 g/t Ag
- 14.2% Cu, 1,490.0 g/t Ag
- 16.4% Cu, 57.2 g/t Ag
- 16.4% Cu, 57.2 g/t Ag
A 1.7km long EM target remains on geotechs’ radars, and drilling contractors have been “engaged” ahead of a drill run in the coming months.
“To get results like 18% copper, 1,490 g/t silver and 182 g/t gold from rock chip sampling, over a wide area, demonstrates the potential for large scale mineralising systems at Reynolds Range,” iTech MD Mike Schwarz proffered on Tuesday.
ITM last traded at 7.5cps.
