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Inflection Resources Provides Update On Drilling And Commences MIMDAS Geophysical Survey On Trangie Project In New South Wales
Vancouver, British Columbia - TheNewswire - February 14, 2022 - Inflection Resources Ltd. (CSE:AUCU) (CNSX:AUCU.CN) (FSE:5VJ) (OTC:AUCUF) (the "Company" or "Inf
About this update from Inflection Resources Ltd.
[{"type":"text","content":"Vancouver, British Columbia - TheNewswire - February 14, 2022 - Inflection Resources Ltd. (CSE:AUCU) (CNSX:AUCU.CN) (FSE:5VJ) (OTC:AUCUF) (the \"Company\" or \"Inflection\") is pleased to provide an update on its ongoing exploration activities in New South Wales, Australia. Summary Highlights Inflection completed nine additional holes into the Trangie, Nine Mile, Fairholme and Myallmundi targets. The Company has now completed 61 holes totalling 13,143 metres since the inception of the Northern New South Wales drill program; Four holes drilled into the Trangie target intersected high-temperature, potassic alteration typified by biotite-magnetite implying proximity to an intrusive heat source and providing a greater understanding of the target; Updated green rock and sulphur isotope studies over the Trangie target have highlighted a specific area broadly southwest of the current drill holes for priority follow-up drilling in proximity to holes that returned the most favourable alteration and geochemistry indicative of a porphyry environment; and, The Company has commenced a MIMDAS geophysical survey (chargeability, resistivity and conductivity) over the area highlighted above on the Trangie target. The survey lines are being completed to aid with the vectoring of additional and potentially deeper drill holes. MIMDAS geophysical surveying offers greater depth penetration than conventional Induced Polarisation (IP) geophysics and has been used to successfully vector towards porphyry-related copper-gold mineralisation elsewhere in the Macquarie Arc. Alistair Waddell, Inflection’s President and CEO, states: “Inflection continues to systematically explore its 100% owned portfolio of projects in New South Wales with many large copper-gold alkalic porphyry targets remaining to be tested. We are particularly excited about the recent developments at Trangie, which through the systematic collection of data and the application of leading geoscience has highlighted a specific area for priority follow-up”. Exploration Update The Company is continuing to explore its large portfolio of 100% owned projects for large alkalic copper-gold and gold deposits in the northern extension of the Macquarie Arc, Australia’s premier porphyry copper-gold province. Nine additional holes have been completed i...