FREE DAILY STOCK MARKET NEWS

FREE DAILY STOCK MARKET NEWS

Infinity Prepares Pilbara Program

30 March 2023 09:43
ASX: IMI

Infinity Mining is ramping up towards drilling Western Australia’s legendary Pilbara region having commenced a cultural heritage survey with representatives of the Nyamal Native Title Group over its Hillside and Panorama tenements in the region’s east to make way for its first northern drilling program for the year.

Exploration is ramping up across the explorer’s Pilbara portfolio, with an ANT survey also currently underway at its Tambourah South Project to map out the extent of its LCT-rich pegmatites.

Infinity has listed drilling the Panorama’s Brisbane prospect as the top priority in the upcoming campaign, with the prospect recently returning rock chip assays as high as 7636 parts per million nickel and a recent VTEM survey over the Project identifying a prominent conductive target of 350 meters east of the Project area.

Drilling at Hillside will commence soon after the Panorama campaign is complete, targeting 9 high priority conductor targets that have yet to be drilled and have shown samples up to 7.08% Cu, with holes planned to hit depths of 300 to 350 metres to test the shallower conductors or the upper parts of the deeper conductors.

The Company said it has already lodged a programme of works application with the DMIRS for the upcoming campaign and is now seeking clearance for heavy equipment access ad pad clearing.

“I am pleased to be back in the field working closely with the Traditional Owners, the Nyamal People, on the cultural and heritage surveys for Infinity’s Panorama and Hillside tenements. The Hillside project covers some 397km2 and Infinity will be using helicopters to facilitate the ground survey over this region,” Executive Chairman Joe Phillips said.

“At the Company’s Brisbane Nickel prospect on its Panorama licence, road access tracks have been reconstituted to support a more traditional ground-based survey. This survey is working in conjunction with the relocation of the Ambient Noise Tomography geodes across the Tambourah South tenement roughly every three to four days.”

IMI’s Australian Stock Exchange-listed share price is trading at 18c (8:35 am UTC+ 8 hours).

The Market Bull Logo

FREE DAILY STOCK MARKET NEWS

Join our mailing list to receive the latest stock market news.

You have Successfully Subscribed!

Share This