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Infinity extended in the Pilbara

23 February 2023 09:50
ASX: IMI

Infinity Mining have been granted an extension on E45/4779, locking in five more years of exploration on one of the licences at its Panorama Project in the Western Australian Pilbara.

It secures a key component of a project deemed highly prospective for all of intrusive related nickel-copper, shear-hosted gold systems, conglomerate-gold systems overlying the Mt Roe Basalt and volcanic-hosted massive sulphide base metal deposits.

Last year’s exploration at the project’s Brisbane Nickel prospect returned up to 7636 parts per million nickel and 8918ppm chromium, confirming previous sampling as a helicopter supported versatile time domain electromagnetic survey identified a basement conductor a short distance to the southwest.

The company said it was great news as it squares focus on the emerging prospect.

“The extension granted on E45/4779 is great news for Infinity. The Company is excited about drilling at the Brisbane Nickel Project, and further reconnaissance work in the licence area,” chief executive Joe Groot said.

With final interpretation of VTEM data underway, Infinity will carry out more detailed reconnaissance and sampling over the anomaly for targeted drilling directed at discovering new nickel-sulphide zones at depth, with plans to drill the main targets in the 2023 field season.

IMI’s Australian Stock Exchange-listed share price is currently trading at 21c (9.49 am UTC+ 8 hours).

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