Infinity uncovers big gold targets from historic | Australian Markets

Infinity Mining has scoured by way of historic stream sediment samples at its Victorian gold tasks to reveal sturdy geochemical signatures in line with an intrusion-related gold system (IRGS).

The company says its findings spotlight potential high-priority exploration targets at its Tanjil Bren and Walhalla South tasks, drawing parallels with the close by $1 billion market cap Southern Cross Gold’s Sunday Creek project.

Infinity has re-assayed 95 stream sediment samples from the Eighties, utilizing trendy low-detection fire assay and multi-element evaluation to show up its encouraging outcomes.

The company says that 34 of the assays returned vital gold values towards background values. The samples additionally confirmed elevated ranges of pathfinder parts, together with bismuth, tin, tungsten, lead, antimony and tellurium, aligning with the geochemical profile of IRGS-style mineralisation.

Tanjil Bren is within Victoria’s Melbourne zone. Infinity says it shares a comparable geological setting to Sunday Creek’s gold-antimony deposit, which presently has an exploration goal of 1.7 to 2.6 million ounces of high-grade gold.

Infinity says its outcomes have pinpointed three key exploration targets. The most promising lies close to the contact between the Wilson Creek shales and the Tanjil granodiorite, a prime location for an IRGS with antimony indicators.

Infinity will now conduct geochemical sampling and structural mapping to pin down key future drilling prospects, whereas harnessing cost-effective evaluation of different historic datasets.

These stream sediment samples cowl a massive half of our Tanjil Bren tenement and have helped Infinity focus in on essentially the most potential goal areas for IRGS. We’re seeing a pathfinder aspect signature that’s in line with the IRGS model, much like the close by Sunday Creek gold system. The outcomes affirm the potential of Tanjil–Walhalla as an IRGS gold project and we stay up for getting on the ground to observe up the highest-priority targets.

Infinity’s portfolio spans 3700 sq. kilometres throughout extremely potential areas, together with New South Wales’ Macquarie Arc, Victoria’s Melbourne Zone and Western Australia’s Pilbara and Central Goldfields.

The company’s tasks are strategically situated close to established mining operations, together with its flagship Cangai copper project in northern NSW. Management believes Cangai is well-positioned for financial development in a pumping copper and gold price surroundings.

Infinity has new electromagnetic targets at Cangai and lately recognized a potential porphyry system at its Bogong copper project in NSW, which it’s going to prioritise alongside its rising Victorian tasks.

With its Victorian play including to its promising East Coast outcomes, the more and more copper-gold targeted explorer and developer has one other set of prospects within an embarrassment of goal riches.

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