About

Infinity Mining Limited (IMI) holds 100% interest 711km2 comprising 10 exploration licences, 2 mining leases and 7 Prospecting licences in the Pilbara and Central Goldfields regions of Western Australia. The tenements are located in a highly prospective gold-copper regions spanning Apex basalt sequences, systems gold in sulphides and conglomerate gold geological systems. The company has spent ~$5.5M on previous exploration of these tenements and now has a clear business strategy is to develop further near-term gold targets in the Central Goldfields to support the investment in exploration needed in the Pilbara tenements (lithium/Gold/copper projects) to realise their potential.

IMI listed on the Australian Securities Exchange on 22 December 2022

The funds raised will be applied to advancing the exploration of the Pilbara, greenstone-hosted, and conglomerate-hosted deposit type, and Central Goldfields tenements – prospective for gold, copper and base metals, and lithium.

Exploration

Project Locations and Geology

  • The Central Goldfields region is host to deposits of gold, base metals and nickel hosted within greenstone belts and granite intrusives.  The project tenements are considered prospective for instrusive-hosted and greenstone-hosted deposit types.
  • All of these areas have historic gold working on site and where available records of recovery have been included.
  • Examples of local gold deposits include:
    • Sons of Gwalia
    • Jasper Hill
    • King of the Hills
    • Tarmoola
    • Thunderbox

Exploration: Hillside

  • A number of earlier explorers have searched for gold in the district; this work included geological mapping, outcrop rock chip sampling and geochemical grid soil sampling.  Numerous significantly anomalous values were obtained from this work that warrant follow-up exploration
  • Macarthur Minerals completed an Airborne Electromagnetic Survey at Hillside in 2018 which successfully defined 18 high priority bedrock conductors over 2 survey areas
  • Historical rock chip sampling has returned results up to 240g/t gold and 7.8% copper
  • Rock chip sampling in 2018 returned results of 8.5g/t gold
  • Scout RC drill program completed in December 2019

Exploration: Panorama & Bonnie Scot

  • Infinity Mining has identified three priority exploration targets in the Panorama and Bonnie Scot Gold Project area
  • A Sulphur Springs target in the west of the tenement:
    • potential structural and stratigraphic zone of some 15km strike has been identified, the zone has limited sampling but several anomalous rock samples highlight the potential of the target
    • historically some exploration was reported in the south looking for nickel
  • In the east of the tenure two sub parallel horizons show anomalous gold in soil samples and correspond to potential “gold in conglomerate” stratigraphy similar to that identified elsewhere in the Pilbara region by Canadian company Nova Resources

Exploration: Panorama, Tambourah, Noreena Downs

  • The Panorama tenements straddle the southern end of the North Pole Dome, northern ends of the North Shaw and Soanesville Belts
  • The main exploration targets at Panorama are Precambrian placer gold deposits.  These deposits have the potential to contain lithium bearing pegmatites
  • At Tambourah, assays received for rock chip sampling of pegmatites Mining returned very promising results of up to 1.47% Li2O from a swarm of pegmatites exploited in the past for tin and tantalum
  • A large pegmatite extending over 300m has been located at Noreena Downs. This area may be the target of further exploration activity for lithium
  • To date, there has been no extensive exploration for lithium at Noreena Downs by Macarthur or previous tenement holders. The areas occupy ideal geological settings for the pegmatite outcrops to be located and are within 10km of fertile monzogranites considered to be a source of LCT pegmatites.