- Infinity Mining (IMI) commences its first drilling program for 2023 at its Central Goldfields leases in Western Australia
- The reverse circulation drilling program will take place across several of IMI’s tenements in the Lenora gold mining district
- The company has planned 2,000 metres of drilling across its leases, including Coppermine and Camel
- Infinity CEO Joe Groot says the company has “big plans” for the new year
- IMI shares are down 27.5 per cent, trading at 18.5 cents at 2:20 pm AEDT
Infinity Mining (IMI) has begun its first drilling program for the year at its Central Goldfields leases in Western Australia.
The reverse circulation (RC) drilling program will take place across a number of the company’s tenements in the Lenora gold mining district.
The company called on iDrilling Australia to carry out a program involving up to 2000 metres of drilling across several tenements, which is expected to take up to four weeks to complete.
Infinity Mining CEO Joe Groot said the company has “big plans” for the new year, including several rounds of drilling at its key gold and lithium projects in WA.
“We are very pleased to have started drilling at the Central Goldfields so early in the year,” he said.
“We look forward to releasing the results from this RC drilling program over the coming weeks.”
The program started at the company’s Coppermine tenement, testing a drone magnetic target defined in 2022, lying adjacent to the old copper mine workings and anomalous Infinity rock chip samples, returning up to 2.06 per cent copper.
Following Coppermine, the program will tackle Camel, planning several holes to test a linear drone magnetic high target defined in 2022, around 100 metres west of the old gold mine workings.
Further drill holes have been planned for Infinity’s Craig’s Rest and Victor Bore tenements, with the company also confirming the possibility of an extension to include other targets, depending on initial results.
The company also aims to start a second round of drilling at Tambourah South in the winter months of 2023, as well as other drilling programs on its Pilbara tenements.
IMI shares were down 27.5 per cent, trading at 18.5 cents at 2:20 pm AEDT.