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Infinity pull-up Pilbara pegmatite

24 November 2022 10:16
ASX: IMI

Infinity Mining have finished an 1812 metre maiden drilling campaign over its Tambourah South project in the Western Australian Pilbara, intersecting significant lithium mineralisation.

Pegmatite was logged in 18 of 21 holes, with 41 intervals varying in width from one metre up to 35 — and most contained visual lithium minerals lepidolite and spodumene, confirmed under UV light.

A total of 567 drill chip samples were collected across the program, with all now off to the lab for assay.

While drilling was underway, Infinity undertook further reconnaissance mapping, identifying four new pegmatite zones containing visible spodumene at surface while acquiring another 250 square kilometres of adjoining territory.

The new zones were found northward, indicating there could be more pegmatites present than originally thought, with additional mapping and ground-based survey planned to uncover Tambourah South’s full lithium potential.

The company said initial results were very exciting and it would now eagerly await the assays return over the next few weeks.

“Our team has done an amazing job over the past 6 months, from discovering new lithium-pegmatite units at the surface earlier this year to completion of a 21-hole drilling program just seven months later,” chief executive Joe Groot said.

“The recent discovery of additional lithium pegmatites to the north demonstrates the high lithium prospectivity of the tenement.

“We certainly have a lot more exploration to do at Tambourah South, as much of this tenement is still unexplored — next year is shaping up to be a very exciting year for Infinity.”

After the return of assays, Infinity will begin planning a momentous field season for the new year.

IMI’s Australian Stock Exchange-listed share price was trading at 36c today (10.08 am UTC+ 8 hours).

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