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Infinity follow up strikes gold

1 July 2022
ASX: IMI
Jack Baker

Infinity Mining has discovered three high-priority gold targets up to 48 square kilometres in size after follow-up at its Barlow’s Gully project in the central goldfields of Western Australia.

Further sampling and drilling beckoned at the project after rock chip samples revealed grades of gold up to 15.5 grams per tonne.

Barlow’s Gully lies along strike from several significant deposits in the gold-famed Leonora district and has never been subject to modern systemic exploration after being held in private hands for many years.

The company said the project was not covered by native title determinations and contained no registered heritage sites.

“The company is looking forward to drilling underneath these large surface gold anomalies as part of its search for structurally hosted gold mineralisation in the Central Goldfields of WA,” chief executive Joe Groot said.

Infinity is planning to drill test the underside of all three anomalies in the coming months.

IMI’s Australian Stock Exchange-listed share price has risen 7.142 per cent today, selling at 15c (12.45 pm UTC+ 8 hours).

COMPANY OVERVIEW

Infinity Mining Limited (IMI) (previously known as Macarthur Lithium Pty Ltd) holds 100% interest in the Australia Pilbara tenements and in return, Macarthur Australia Limited (currently the sole shareholder) will retain equity in IMI, which will create the listing entity. In addition, the Central Goldfields assets of Zanil Pty Ltd will be acquired by IMI for equity.

COMPANY INFORMATION

ASX: IMI

Website

https://infinitymining.com.au/
https://www2.asx.com.au/markets/company/imi

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