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Infinity launch in the Goldfields

1 February 2023 10:24
ASX: IMI

Infinity Mining have begun its Central Goldfields campaign for 2023, spinning up around two thousand metres of RC drilling across a number of wholly owned tenements in the region.

It marks the next steps on a swag of Infinity prospects, all with historic gold workings in a mineral rich region host to numerous deposits of gold, base metals and nickel.

Drilling began at Coppermine to test a prominent drone magnetic target spotted last year, lying next to old copper workings and new Infinity samples that returned up to 2.06 per cent of the red metal, which has risen in price by over 12 per cent in the last month.

The campaign also plans to test three significant gold geochemical anomalies defined at Barlow’s Gully and a linear drone magnetic high target defined at Camel, resting only 100 metres west of the old gold workings and possibly representing a sub-parallel gold-bearing structure.

The company said additional holes have been designed at other prospects in the region and it was looking forward to releasing results across the coming weeks.

“Infinity has big plans for 2023, including several rounds of drilling at its key Gold and Lithium projects in WA. We are very pleased to have started drilling at the Central Goldfields so early in the year,” chief executive Joe Groot said.

With a large volume of work and success in the Pilbara over the past year, the explorer plans to return to its tenements there next month, including a second round of drilling over Tambourah South, where it has revealed lithium oxide up to 2.635 per cent and rubidium levels as high as 6,489.4 parts per million.

 

 

 

IMI Central Goldfields

Infinity’s Central Goldfields tenements.

 

IMI’s Australian Stock Exchange-listed share price is currently trading at 24c (10.08 am UTC+ 8 hours).

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