- Infinity Mining (IMI) records several “significant” gold intercepts from the first drill holes at its Victor Bore project in Western Australia
- The first assays from IMI’s 37-hole reverse circulation campaign returned up to one metre at 8.67 g/t gold within a seven-metre intersection grading 1.96 g/t gold
- The drilling program spanned five different WA projects, with 16 drill holes completed at Victor Bore, and additional assays are expected in the coming weeks
- Infinity says the initial results are “very encouraging”, and once all assays are received, a more detailed interpretation will be undertaken
- IMI shares are down 2.7 per cent trading at 18 cents at 12:44 pm AEDT
Infinity Mining (IMI) has recorded several “significant” gold intercepts from the first drill holes at its Victor Bore project in Western Australia.
The first assays from the company’s 37-hole reverse circulation campaign returned up to 8.67 grams per tonne (g/t) gold over one metre within a wider seven-metre intersection grading 1.96 g/t gold.
The results received so far are from the first five of 16 drill holes completed at Victor Bore. With no publicly-available drilling records from the project, IMI said the initial results were “very exciting”.
In addition to Victory Bore, the drilling campaign extended across the company’s Great Northern, Barlow’s Gully and Camel projects.
This round of work tested a variety of geochemical, geophysical and structural targets defined last year for shear-hosted gold systems and volcanogenic massive sulphide base-metal deposits.
Infinity’s CEO Joe Groot said the initial assays were “very encouraging” and the company was looking forward to releasing more results from the program over the coming weeks as received.
Once all assays are received, the company said it would undertake a more detailed interpretation.
Shares in Infinity Mining were down 2.7 per cent trading at 18 cents at 12:44 pm AEDT.