Reynolds Range EL 7343

Abstract

The Reynolds Range project is located some 300 km NW of Alice Springs in the Proterozoic Arunta Block of the Northern Territory. Previous exploration by Normandy had identified a major gold-antimony anomalous trend over 20 km long. Exodus has completed programmes of prospecting, geological mapping, soil sampling, geomorphological mapping and synthesised this new information with previous data to generate new and refine existing drill targets. They have conducted a first pass RAB drilling programme, whose results have returned significant polymetallic drill intercepts at Sabre and Falchion and anomalism at other early stage targets which confirms the potential for Reynolds Range to host a new field of mineral deposits. At Sabre the best intersection was 30 m at 2.5g/t Au (peak values of 25.5g/t Au, 3.3% Sb), and at Falchion 12 m at 3.9 g/t Au (peak values of 14.0g/t Au, 7.2% Sb). The Sabre-Falchion Au-Sb anomaly extends for 3 km on strike.