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Infinity Strikes the Central Goldfields

9 March 2023 12:09
ASX: IMI

Infinity Mining has wrapped up its Central Goldfields drilling campaign, hitting a total advance of over 3850 metres across its holdings in Western Australia’s Leonora gold mining district, with first assay returns showing significant grades up to 8.67 g/t Gold.

A total of 37 reverse circulation holes were drilled in the campaign, hitting five of IMI’s projects: Victor Bore, Great Northern, Barlow’s Gully, Camel and Coppermine, testing for Archaean shear-hosted gold systems and Volcanogenic Massive Sulphide (VMS) base-metal deposits.

Early assays were returned from the first five holes drilled at Victor Bore, which returned several significant intercepts including the aforementioned 1 m @ 8.67 g/t Au hit as well as a similarly exciting 1 m @ 7.33 g/t Au, a further 11 holes were drilled at the Project with the Company expecting results in the coming weeks.

Drilling at Victors Bore targeted two trending structural zones that have a number of historical gold workings that extend along the strike, with previous rock chip testing of the old workings showing high-grade gold assays up to 28.4 g/.t Au.

The Company said that once all assays are returned it will begin a more detailed interpretation of results to plan its next steps for the Project.

“Infinity has kicked off 2023 with a 3851 m RC drilling program in the Central Goldfields. The initial drill hole assays received to date from Victor Bore is very encouraging, with a maximum 1 m assay of 8.67 g/t Au in drill hole VB23RC004,” Chief Executive Joe Groot said.

“We look forward to releasing more results from this RC drilling program over the coming weeks as more assays are received from the Laboratory,”

IMI’s Australian Stock Exchange-listed share price was trading at 18c today (10.40 am UTC+ 8 hours).

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