Business
Inflection Resources Commences Drilling its Gold and Gold-Copper Project Portfolio in Northern New South Wales, Australia
Vancouver, British Columbia--(Newsfile Corp. - July 23, 2020) - Inflection Resources Ltd. (CSE: AUCU)(the "Company" or "Inflection") is pleased to announce dril
About this update from Inflection Resources Ltd.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - July 23, 2020) - Inflection Resources Ltd. (CSE: AUCU)(the \"Company\" or \"Inflection\") is pleased to announce drilling has commenced on its Northern NSW Project located in New South Wales, Australia. Inflection has commissioned DDH1 Drilling Pty Ltd. to complete an initial thirty-eight (38) drill holes testing twenty (20) high priority gold or gold-copper targets. Summary Highlights The first pass drill program has commenced on Inflection's Northern NSW Project testing the portfolio of 20 previously untested gold and gold-copper targets which are 100% owned by the Company. Inflection is the largest landholder in the Macquarie Arc with 549,000 ha of exploration licenses and applications. Drilling will initially focus on five of the southernmost targets in the Northern NSW Project portfolio. These targets are interpreted by Inflection to have comparable geological and geophysical characteristics to known gold, gold-copper porphyry systems in the Macquarie Arc. Inflection plans to systematically drill test the following first five targets: Myallmundi, Trangie, Mungeribar, Nine Mile and Blackwater. The Company is exploring for large gold and copper-gold deposits in the northern interpreted extension of the Junee-Narromine Belt within the Macquarie Arc, part of the Lachlan Fold Belt in New South Wales. The Macquarie Arc is Australia's premier porphyry gold-copper province being host to Newcrest Mining's Cadia Valley deposits, the CMOC Northparkes deposits and Evolution Mining's Cowal deposits plus numerous active exploration prospects including the Boda Project, the recent discovery made by Alkane Resources. Alistair Waddell, Inflection's President and CEO, states \"After a very busy couple of years developing our portfolio of targets in Northern New South Wales and obtaining all the relevant permits, we are delighted to have commenced drilling. This first-pass drill program is the culmination of an innovative, bold exploration strategy and a significant amount of work by the Inflection team. We look forward to reporting the results as they come available.\" Geological Interpretations - Myallmundi, Trangie, Mungeribar, Nine Mile and Blackwater Myallmundi and Trangie: The geological setting for these targets are interpreted to be similar in nature and analogous to the Northparkes type...