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iTech Minerals Ltd (ASX:ITM)

ALERT: Price-sensitive ASX Announcement for ITM
Current share price for ITM : $0.035 -0.017 (-32.69%)+
Announcement
Release
6 Oct 2026 8:41AM
Price at Release
$0.052
Full Release
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Summary
iTech Minerals Ltd announced that Phase 2 reverse circulation drilling at the Sabre Prospect within its 100%-owned Reynolds Range Gold-Antimony Project in the Northern Territory has significantly extended the main Sabre gold-antimony shoot (Shoot 1) from about 100m to about 270m below surface, with the system still open at depth, while also identifying a second steeply dipping mineralised shoot (Shoot 2) about 120m south of Shoot 1; key results included SBRC26-017 returning 25m at 4.88 g/t Au and 0.85% Sb from 242m, including 10m at 8.50 g/t Au and 1.83% Sb, SBRC26-016 returning 28m at 3.23 g/t Au and 0.40% Sb from 192m, and Shoot 2 holes including 21m at 2.04 g/t Au from 81m in SBRC26-008 and 6m at 2.62 g/t Au from 67m in SBRC26-009; the company highlighted that high gold grades above 10 g/t Au were recorded at depth, antimony remains closely associated with gold, modelling now suggests at least four steep sub-parallel shoots over more than 400m strike, and the geometry and geological setting are considered analogous to epizonal orogenic gold-antimony systems, supporting further depth potential; next steps include deep diamond drilling from mid-November to test Shoot 1 below 300m and ultimately beyond 500m vertical depth, further drilling at Shoot 2, pending assay follow-up, and additional soil sampling and geophysical work.
Key Points
  • Phase 2 RC drilling at Sabre extended the main gold-antimony Shoot 1 to approximately 270m below surface and it remains open at depth.
  • The standout deep intercept was SBRC26-017 with 25m at 4.88 g/t Au and 0.85% Sb from 242m, including 10m at 8.50 g/t Au and 1.83% Sb.
  • SBRC26-016 returned 28m at 3.23 g/t Au and 0.40% Sb from 192m, supporting strong continuity of Shoot 1 at depth.
  • High-grade gold above 10 g/t Au was recorded, including 4m at 11.35 g/t Au and 2.35% Sb from 248m in SBRC26-017 and 2m at 10.94 g/t Au from 215m in SBRC26-016.
  • Broad mineralised intervals in the steep holes included 209m at 1.14 g/t Au from 24m in SBRC26-016 and 136m at 1.61 g/t Au from 140m in SBRC26-017, although these are not true widths.
  • A second mineralised zone, Shoot 2, was identified about 120m south of Shoot 1.
  • Shoot 2 results included 21m at 2.04 g/t Au from 81m in SBRC26-008 and 6m at 2.62 g/t Au from 67m in SBRC26-009.
  • Shoot 2 sits below outcrop that previously returned rock chips of up to 182 g/t Au, linking high-grade surface sampling to mineralisation at depth.
  • The company now interprets at least four steep sub-parallel gold shoots at Sabre over more than 400m of strike, with Shoots 3 and 4 still untested by iTech drilling.
  • Gold assays are still pending for parts of several holes, including extensions to Shoot 2 intercepts, so some mineralisation remains open downhole.
  • Both shoots are located adjacent to east-west trending dolerite dykes, which may help control shoot positions.
  • iTech said the Sabre mineralisation style resembles shallow-crustal epizonal orogenic gold-antimony systems, supporting potential for further depth extensions.
  • Deep diamond drilling is planned to begin in mid-November to test Shoot 1 below 300m, with later phases targeting depths beyond 500m vertical depth.
  • Additional follow-up work will include drilling below 150m at Shoot 2, structural studies to determine true widths and orientation, soil sampling, and drone magnetic surveying.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.