iTech Minerals (ASX:ITM) has started drilling at its Scimitar copper-gold prospect in the Reynolds Range project in the Northern Territory, according to a Tuesday filing with the Australian bourse.
The company signed a contract to conduct induced polarization and moving loop electromagnetic surveys on high-priority gold-antimony targets at the range, the filing said.
The surveys, scheduled to start in three to four weeks and will take four to six weeks to complete, the filing added.
Shares of the company rose 11% in recent Tuesday trade.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.