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Infinity rousing at Craig’s Rest

12 October 2022 10:11
ASX: IMI

Infinity Mining have commenced aircore and auger drill programs at the Craig’s Rest project, part of an expansive portfolio in the Western Australian Central Goldfields deemed highly prospective for Archaean shear-hosted gold systems.

Drilling is following up on a range of structural targets along strike from areas of old mining and anomalous drilling, with a string of notable intercepts as high as 57.9 grams per tonne gold previously reported from the project.

All the explorer’s Central Goldfields tenements lie in areas of Archaean greenstone, associated with major trending fault zones and lying alongside a number of notable gold deposits.

The company said it was eager to test a range of fresh targets.

“The high gold grades from previous drilling campaigns at Craig’s Rest are spectacular, giving the company a lot of confidence to proceed with our planned drilling programs,” chief executive Joe Groot said.

Infinity plans a RC program over the project soon, following up on previous intercepts and any new targets generated from the current programs, with assays expected in the coming weeks.

Historic intercepts:

  • 4 m @ 4.47 g/t Au from 30 m depth (Aztec RC hole GW15)
  • 8 m @ 2.17 g/t Au from 61 m depth (Aztec RC hole GW20)
  • 4 m @ 3.81 g/t Au from 50 m depth (Mt Edon RC hole GWRC05)
  • 10 m @ 2.4 g/t Au from 2 m depth (Mt Edon RC hole GWRC07)
  • 2 m @ 26.6 g/t Au from 58 m depth (Tarmoola RC hole KLRC002)
  • 5 m @ 57.9 g/t Au from 16 m depth (Tarmoola RAB hole GWRB005)

IMI’s Australian Stock Exchange-listed share price has risen 2.325 per cent today, currently selling at 22c (9.46 am UTC+ 8 hours).

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