Who is Infinity Mining?
Infinity Mining Limited is a growing exploration and mining company which holds 100% interest in 10 exploration licences, 2 mining leases and 7 Prospecting licences in the Pilbara and Central Goldfields regions of Western Australia. The 711km² tenements are located in highly prospective gold-copper and lithium regions.
The company has spent ~$5.5M on previous exploration of these tenements and now has a clear business strategy to develop further near-term gold targets in the Central Goldfields to support the investment in exploration needed in the Pilbara tenements (Lithium, Gold and Copper projects) to realise their potential.
Infinity Mining’s exploration activities will target the numerous pegmatites known to intrude most of the various rock-types found within the Company’s tenements.
IMI listed on the Australian Securities Exchange on 22 December 2021
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 workings on site and where available, records of recovery have been stated.
Examples of gold deposits in the area include Sons of Gwalia, Jasper Hill, King of the Hills, Tarmoola and Thunderbox.
Pilbara: Hillside Project
- Infinity’s SkyTEM Helicopter electromagnetic (EM) survey in 2018 identified 18 high-priority EM conductive anomalies, which may represent massive-sulphide accumulations containing copper, nickel and gold.
- The SkyTEM data was recently re-interpreted by Infinity, with 9 of the highest-priority targets selected for drill testing.
- Rock chip and soil geochemical surveys carried out by Infinity returned anomalous Cu-Ni-Au results, which have upgraded the priority status of some of the EM targets. One of the rock chip samples returned 7.08% Cu and two further rock chip samples returned 30.25 ppm Au and 21.89 ppm Au.
- Planning has begun to drill test the 9 high-priority SkyTEM targets during 2022.
- 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
- Lithium mineralisation in pegmatites previously rock chip sampled and assayed by the company in 2017 in the northern part of the South Tambourah project (E45/4848), returned anomalous Lithium geochemistry up to 1.47% Li2O, 267ppm Cs, 398ppm Be, 120ppm Cs, 0.404% Rb and 514ppm Ta.
- A successful helicopter assisted reconnaissance program was recently completed in April 2022, which identified multiple pegmatite dykes hosting Lithium minerals spodumene and lepidolite, within the southern part of the South Tambourah Project.
- Rock chip assays of these newly discovered pegmatites confirm Lithium mineralisation, with up to 2700ppm Li (equivalent to. 0.58% Li20), 122ppm Be, 120ppm Cs, 0.21% Rb and 110ppm Ta.
- A large pegmatite extending over 300m has been located at Noreena Downs.
- 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. This area may be the target of further exploration activity for lithium
Pilbara: Panorama, Tambourah and Noreena Downs Projects
Pilbara: Panorama and Bonnie Scot Projects
- A Sulphur Springs target in the west of the tenement. Historically, some exploration was reported in the south looking for nickel.
- Historic exploration (1969-1971) identified as the Brisbane Nickel Prospect. The best result from the costean sampling produced a 6,319ppm Nickel (Ni) sample.
- In the east of the tenure, two sub parallel horizons host potential for “gold in conglomerate” stratigraphy like that identified elsewhere in the Pilbara region by Canadian company Novo Resources
- The main exploration targets at Panorama are Precambrian placer gold deposits.