Infinity Mining (ASX:IMI) reports the presence of a ‘high-priority’ Drone Magnetic (MAG) target following a drone magnetic survey at its Coppermine Project in Western Australia.
The magnetic survey, comprising a total of 295-line kilometre over four projects, indicated that the ‘high-priority’ target is located beneath historical copper workings at the Coppermine Project and is reported to be 350m in length.
Speaking on the results, Infinity CEO Joe Groot said: “The infinity team is very encouraged by the new drone magnetic target at Coppermine, which is associated with elevated geochemistry at surface and the old workings.
“The infinity team is very encouraged by the new drone magnetic target at Coppermine”
The new data provides us with a better picture of what lies beneath the surface at Coppermine. We look forward to drill testing the Coppermine magnetic high target later in 2022.”
The company also notes that recent rock chip sampling has returned copper, zinc, and gold grades up to 2.06% Cu, 3791ppm Zn, and 0.33ppm Au and is coincident with the recently identified target.
In addition, it is also reported that this magnetic target could be associated with buried VMS-style copper mineralisation, which warrants ‘high-priority’ follow-up exploration, including reverse circulation (RC) drilling.
The Coppermine Project is located about 5km south-east of the 4.12Moz King of the Hills Gold resource within the Leonora Gold District of Western Australia and is part of Infinity’s Central Goldfields Project, which comprises eight other projects in the area.
The Central Goldfields Project contains extensive assets, including 10 exploration licenses, 2 mining leases and 7 prospecting license’s that covers a total land tenure of 711km-square between the Pilbara and Central Goldfields regions.
With results from the magnetic survey now received, Infinity announces that it plans to move forward with ‘high-priority’ follow-up exploration of the magnetic target to determine if VMS-style copper mineralisation is associated with the target.
Images: Infinity Mining Ltd