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Inflection Resources Commences Drilling on Carron Gold Project, Queensland, Australia
VANCOUVER, British Columbia, Nov. 03, 2021 (GLOBE NEWSWIRE) -- Inflection Resources Ltd. (the "Company" or ”Inflection”) (CSE: AUCU; Frankfurt: 5VJ; OTCQB: AUCU
About this update from Inflection Resources Ltd.
[{"type":"text","content":" VANCOUVER, British Columbia, Nov. 03, 2021 (GLOBE NEWSWIRE) -- Inflection Resources Ltd. (the \"Company\" or ”Inflection”) (CSE: AUCU; Frankfurt: 5VJ; OTCQB: AUCUF) is pleased to announce it has commenced drilling on its Carron Gold Project (the “Project”) located in Northern Queensland, Australia. The drill program is designed to test a number of priority orogenic lode gold targets developed directly along trend from the historic Croydon gold mining district. Summary Highlights Inflection drilling is targeting high-grade, orogenic, gold-bearing quartz veins geologically analogous to the adjacent Croydon Goldfields in Northern Queensland; The Croydon district reportedly produced over one million ounces of gold from numerous high-grade quartz-vein lodes with an average grade of 35 grams per tonne gold (g/t Au)(1); The Carron Gold Project comprises of approximately 30 kilometres of undercover, northwest trending structural and magnetic features; Twenty-five drill targets have been defined; and, Drilling is planned to initially test nine high-priority gold targets. Alistair Waddell, Inflection’s President and CEO, states: “We are very excited for the opportunity to drill test what could be a new, district scale gold project. Our plans are to initially test a number of our identified twenty-five orogenic vein drill targets on geological trend from the historic high-grade Croydon Goldfields which extend over approximately 30 kilometres”. Carron Gold Project The Carron project is located approximately 400 kilometres west of Cairns in Northern Queensland. Inflection has identified a series orogenic vein targets on trend from the historic Croydon Goldfields (Figure 1). The Croydon Goldfields was one of Queensland’s more significant gold producing districts, with a total production from 1885 reportedly over one million ounces from numerous high-grade quartz-vein lode deposits with an average of 35 g/t Au(1). After reviewing the regional public domain airborne magnetics in the vicinity of Croydon district, a series of large, north-west trending magnetic anomalies have been identified. The anomalies, which extend over approximately 30 kilometres, lie along structural strike to the northwest from the Croydon Goldfields and have strong similarities to the magnetic character and geological setting of the Croydon Goldfields. These features ar...