Business
Inflection Resources Awarded Two Exploration Grants for its Duck Creek Copper-Gold Project in New South Wales
Vancouver, British Columbia, December 22, 2022 - Inflection Resources Ltd. (CSE:AUCU) (FSE:5VJ) (OTC:AUCUF) (the "Company" or "Inflection") is pleased to announ
About this update from Inflection Resources Ltd.
[{"type":"text","content":"Vancouver, British Columbia, December 22, 2022 - Inflection Resources Ltd. (CSE:AUCU) (FSE:5VJ) (OTC:AUCUF) (the \"Company\" or \"Inflection\") is pleased to announce it is the recipient of two exploration grants under the New Frontiers Exploration program from the Government of New South Wales, Australia. The grants awarded to the Company’s Australian subsidiary total up to AUD$145,500 to further explore the 100% owned Duck Creek copper-gold alkalic porphyry target. AUD$100,000 was awarded for drilling and an additional AUD$45,500 was awarded for a MIMDAS geophysical survey. This is the third consecutive year in which Inflection Resources has been awarded New Frontiers Exploration Program grants for the Company’s NSW exploration projects. Alistair Waddell, Inflection’s President and CEO, states: “Inflection would like to thank the New South Wales Government and Geological Survey of NSW for the financial support given to the Company via the New Frontiers Exploration programs. We are proud to be awarded these grants which we believe validates the Company’s exploration strategy exploring previously undrilled targets in the northern covered extension of the Macquarie Arc. An extended period of severe wet weather in NSW has delayed exploration programs throughout the state, including our Duck Creek deep drilling plans. We anticipate using the grant funding in early 2023 when our exploration program at Duck Creek resumes.” Duck Creek Target Details and Exploration Update Duck Creek is a large alkalic porphyry-related copper-gold style target. The principal target area covers favourable magnetic and gravity features which the Company considers to be part of the prospective Macquarie Arc volcanic sequence. Specifically, the Company has drill tested high-amplitude, complex, curvilinear magnetic patterns very similar to those typical of the intrusion-related signatures of the Macquarie Arc mineralized districts. Drilling to-date has intersected strong hydrothermally altered rocks with similar characteristics to those adjacent to mineralized alkalic copper–gold systems such as Newcrest’s Cadia mine and the Northparkes mine complex. Based on detailed modeling of geochemistry and mineralogy, the Company plans to target mineralization at Duck Creek with a campaign of deeper di...