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Inflection Resources Provides Further Update on Drilling in New South Wales
Vancouver, British Columbia - TheNewswire - December 20, 2023: Inflection Resources Ltd. (CSE:AUCU) (OTC:AUCUF) (FSE:5VJ) (the "Company" or "Inflection") is ple
About this update from Inflection Resources Ltd.
[{"type":"text","content":"Vancouver, British Columbia - TheNewswire - December 20, 2023: Inflection Resources Ltd. (CSE:AUCU) (OTC:AUCUF) (FSE:5VJ) (the \"Company\" or \"Inflection\") is pleased to provide an update on its ongoing drill program in New South Wales, Australia conducted under the Exploration Agreement with AngloGold Ashanti Australia Limited (“AngloGold”) announced on June 14, 2023. Summary Highlights: Recent drilling has focused on eight principal target areas: Duck Creek, Fairholme, Canonba, Nine Mile, Meringo, Nyngan, Trangie and Marra; An additional 6,636 metres comprising 16 holes was drilled, bringing the total to 13,524 metres and 30 holes completed thus far under the AngloGold Agreement; Favourable hydrothermal alteration, interpreted to be associated with an alkalic copper-gold porphyry system has been intercepted in deeper drill holes in the Duck Creek target. Drill hole DCKDH017 intercepted an extensive zone of inner propylitic hydrothermal alteration dominated by well-developed fracture-controlled to pervasive hematite – epidote – chlorite ± calcite alteration with lesser and variable amounts of magnetite, tourmaline, actinolite, pyrite, chalcopyrite and locally, bornite mineralisation. This style of inter propylitic alteration is often found in proximity to other alkalic porphyry systems in New South Wales and elsewhere; Initial scout drilling into the Fairholme target intercepted a sequence of strongly deformed, fine-grained, biotite bearing rocks with localised chalcopyrite ± bornite-bearing quartz veins; and, Recent drilling at Duck Creek, Myallmundi and Fairholme was reviewed by Inflection Technical Advisor Dr. Alan Wilson who is an Economic Geologist and a specialist in alkalic porphyry systems worldwide. Dr. Wilson completed the first PhD on Newmont’s Cadia Valley porphyry gold-copper deposits located in the Macquarie Arc and which remains one of Australia’s largest copper-gold mines. Alistair Waddell, Inflection’s President and CEO, states: “The Company is very happy with the ongoing drill campaign in New South Wales and to have drilled the most extensive zone of alteration on the Duck Creek project to-date. We are particularly encouraged with the extent and intensity of favourable hydrothermal alteration in drill hole DCKDH017, which is interpreted to be inner ...