Infinity Mining Limited (ASX: IMI) has announced the delineation of a new high-grade gold target within its Cangai Project in northern New South Wales. The newly defined Sir Walter Scott Gold Prospect, located approximately 3km south of the historic Cangai Copper Mine, builds on historical records showing 1,790oz of gold produced at an average grade of ~25g/t Au from 2,203t of ore during the 1890s.
Recent reinterpretation of historical data and LiDAR analysis has revealed a 500m-long NW-trending structure hosting numerous historical workings and high-grade gold assays. Of 32 historical rock chip samples taken in the 1980s, 12 returned grades over 1g/t Au, with peak values reaching 15.8g/t Au. Despite these promising indicators, the area remains underexplored with no evidence of modern drilling or geophysics to date.
The prospect lies on a structural trend that extends toward Novo Resources’ John Bull Gold Project, located approximately 3km to the northwest, where recent exploration has confirmed anomalous gold mineralization. Infinity believes the geological context suggests the potential for an Intrusion-Related Gold System (IRGS), supported by the presence of quartz-sulphide veins hosted in chloritic shear zones within the Carboniferous Gundahl Complex.
Adjacent to the Sir Walter Scott prospect is the Cangai Copper Mine, which historically produced 4,950t of copper, along with gold and silver credits. The company sees significant strategic value in the multi-commodity nature of the Cangai Project, with copper-gold-silver mineralization providing exploration diversity and upside.
Infinity plans to commence a field programme at Sir Walter Scott in Q3 2025, including geological mapping and geochemical sampling to validate historical data and define drill targets. LiDAR imaging, processed by GeoCloud Analytics, has significantly enhanced the company’s structural interpretation and revealed numerous historical shafts and trenches not previously recorded.
For more information, visit www.infinitymining.com.au
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