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Infinity Secure Pilbara Extension

3 April 2023 13:48
ASX: IMI

Infinity Mining has secured an additional five-year extension for its Pilbara portfolio, specifically its Strelley Gorge Project, which contains highly promising Volcanic-Hosted Massive Sulphide base metals.

This marks the 5th licence extension Infinity has received since the start of the year, with the Company securing five-year extensions to its Hillside, Panorama and Tambourah South Projects.

Highly prospective for Copper-Zinc sulphide mineralisation, Strelley Gorge’s profile has been growing due to its proximity to the Sulpher Springs / Kangaroo Cave mineralisation systems which host the 17.4 @1.3 per cent Cu, 4.2 per cent Zn and 17g/t Ag Sulphur Springs Project.

Most recently, Infinity commissioned a VTEM Helicopter survey over the Project which targets the exposed and concealed parts of the favourable host sequences for VHMS base-metals deposits that lie to the south of the Sulphur Springs Projects to identify conductors generated by massive Cu-Zn sulphide mineralisation.

Infinity is now hard at work planning further exploration for the Project later this year, targeting the recently uncovered conductive targets with particular focus being given to the Sulphur Springs / Kangaroo Caves-style deposits on the south-east side of the tenement.

The Company said the results of the VTEM Survey are currently being interpreted and that the results will be used to identify targets for follow-up.

“Strelley Gorge is highly prospective for VHMS-style Copper-Zinc sulphide mineralisation. The tenement is located close to the Sulphur Springs / Kangaroo Cave VHMS deposits and has a similar geological setting. Infinity’s early exploration programs at Strelley Gorge provided us with sufficient encouragement to invest in a helicopter-borne EM (VTEM Max) survey, which was flown late in 2022,” Chief Executive Joe Groot said.

“The goal is to identify a series of new conductor targets, then test the best targets for VHMS-style Cu-Zn sulphide mineralisation. We are currently interpreting all of the EM data and hope to release more information over the coming months.”

IMI’s Australian Stock Exchange-listed share price is currently trading at 16c (1.18 pm UTC+ 8 hours).

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