Infinity Lithium Corporation Limited (‘Infinity’, or ‘the Firm’) is happy to announce that it has engaged a drilling contractor and has dedicated to testing the thrilling CST (Comstock) gold-silver prospect (the CST Prospect) throughout the Cobungra Undertaking (EL 7073) in July. Cobungra is positioned throughout the Lachlan Fold Belt in NE Victoria and was just lately acquired by Infinity from Highland Sources Restricted (ASX announcement 31 March 2025) as a part of the Firm’s transition to a give attention to valuable metals in Australia.
KEY POINTS
- Drilling contractor contracted, drilling set to begin early July.
- Exploration will take a look at excessive precedence CST Prospect (gold-silver) at Cobungra.
- Undrilled geophysical goal with coincident high-grade gold rock chip samples.
- Gold focus in Australia the rapid precedence to boost firm worth going ahead.
Infinity has moved shortly to decide to drill testing its just lately acquired gold-silver-copper Tasks and develop its holding of high-grade gold exploration floor throughout the Victorian portion of the wealthy Lachlan Fold Belt (Determine 1).
Determine 1: Infinity tenure (100%) with Adjoining Mitta Mitta Undertaking (at the moment underneath choice from Dart Mining (ASX.DTM), highlighting the situation of the Comstock gold-silver drilling goal in relation to the Cassilis gold deposit.
CST Prospect, Cobungra Undertaking
The CST Prospect is positioned alongside strike (approx. 2,000m) from the beforehand drilled (5 holes) Forsyth Prospect additionally positioned inside EL7073 which returned high-grade gold and silver intercepts together with 5.35m @ 4.7g/t gold (Au), 334 g/t silver (ag) from 143m (ASX launch dated 31 March 2025). Gold and silver mineralisation at each the Forsyth and CST Prospects is interpreted to be associated to the Ensay Shear which is a laterally steady construction working NW-SE by means of the tenement. Alongside strike, approx. 5km to the SE, is the proximal to the +300,000 oz Au Cassilis gold deposit (319,500 oz Au deposit JORC 2012, ABA Sources https://www.abaresources.com.au/portfolio.php). The Firm believes that the strike of the Ensay Shear is a potential exploration horizon.
The CST Prospect (Comstock) is an apparent and thrilling preliminary drilling precedence as Infinity targets valuable metals in Australia. The CST Prospect presents a wonderful drill goal based mostly on some historic gold-silver workings with a programme of rock chip sampling and geophysical surveying (I.P) 2013-2014 figuring out coincident anomalies. These can be drilled in a small, first-pass drill marketing campaign (roughly 6 holes for 800m). The CST Prospect has by no means been drilled and this can be a first cross drilling marketing campaign designed to establish additional precedence targets and areas of geological curiosity.
There are at the least seven quartz vein-type gold (silver) lodes distributed within the CST Prospect Mineral Incidence, with traced size of 20m~80m and width of 0.1m~2.0m. These lodes are almost parallel, strike NNE and dip to SEE at a dip angle of 65°~80° (Determine 2). These lodes are interpreted to be ‘stress gashes’ working indirect throughout the dominant NW-SE putting Ensay Shear.
Seek advice from ASX launch 31 March 2025 “Infinity Acquires Gold Tasks”. Infinity will not be conscious of any new info that materially impacts the data included on this announcement
Determine 2: Geological setting of CST (Comstock) and Forsyth prospects throughout the Ensay Shear
Click here for the full ASX Release
This text contains content material from Infinity Lithium Company Restricted, licensed for the aim of publishing on Investing Information Australia. This text doesn’t represent monetary product recommendation. It’s your accountability to carry out correct due diligence earlier than performing upon any info supplied right here. Please check with our full disclaimer right here.