- Infinity Mining (IMI) receives gold results from a recent 12-hole drilling program at the Great Northern prospect near Leonora, WA
- The reverse circulation (RC) drilling campaign successfully achieved its goal of verifying historical gold mineralisation and confirmed its continuity
- The program returned multiple gold intercepts over 1 g/t and included a peak grade of 10.95 g/t gold
- Infinity is undertaking 3D modelling to help design a follow-up drilling program to test for extensions of the gold mineralisation at depth and along strike
- Company shares have fallen 8.82 per cent to trade at 15.5 cents
Infinity Mining (IMI) has received gold assays from drilling at the Great Northern gold prospect which is part of its Central Goldfields group of projects near Leonora, WA.
The reverse circulation (RC) drilling program was completed in January and included 12 holes. Drilling aimed to verify the gold mineralisation reported in historical RC holes that were completed in the late 1980s.
According to Infinity, its recently completed drilling effort successfully verified the subsurface gold mineralisation as reported by Melita Mining and confirmed the continuity of gold mineralisation below the historical workings of the prospect.
The assays from Infinity’s RC program returned multiple gold intercepts over 1 g/t gold with individual assays grading up to 10.95 g/t gold.
Significant intercepts include four metres at 3.68 g/t gold from 30 metres, including one metre at 10.95 g/t gold from 32 metres, and five metres at 2.48 g/t gold from 37 metres.
At this stage, the company has only received gold assays with multi-element analyses for some of the samples pending.
Infinity will now undertake detailed 3D modelling of the geology and gold mineralisation in the area which will help design a follow-up drilling program to test for extensions of the gold mineralisation at depth and along strike.
Company shares were down 8.82 per cent to trade at 15.5 cents at 12:42 pm AEDT.