- Inflection Resources (AUCU) has launched a drill program at its Northern NSW Project located in New South Wales, Australia
- The program will focus on 20 previously untested gold and gold-copper targets, all of which are wholly owned by the company
- Initial drilling will focus on five targets, which are interpreted to have similar characteristics to other know gold and gold-copper systems within the Macquarie Arc
- The company has commissioned DDH1 Drilling to undertake the work, which will consist of a preliminary 38 holes
- Inflection Resources (AUCU) is currently up 22 per cent and is trading at C$0.61 per share
Inflection Resources (AUCU) has launched a drill program at its Northern NSW Project located in New South Wales, Australia.
The Vancouver-based company has commissioned DDH1 Drilling to undertake an initial 38 holes that will test a total of 20 high-priority, previously un-tested gold and gold-copper targets.
This first phase will be focused primarily on five targets at the southernmost section of the Northern NSW Project: Myallmundi, Trangie, Mungeribar, Nine Mile and Blackwater.
These areas have been previously interpreted by Inflection Resources to have similar geological and geophysical characteristics to other known gold and gold-copper porphyry systems in the Macquarie Arc.
The Macquarie Arc forms part of the broader Lachlan Ford Belt in New South Wales, and is considered to be Australia’s most prolific gold-copper region.
It hosts Newcrest Mining’s Cadia Valley deposits, the CMOC Northparkes deposits and Evolution Mining’s Cowal deposits, as well as several active exploration prospects.
Inflection Resources plans to use cost-effective mud-rotary drilling to penetrate the unmineralised post-mineral sedimentary cover, after which the company will switch to diamond core drilling once the Ordovician basement is reached.
Rather than employing the use of a single deep and more expensive diamond drill hole, Inflection Resources will complete a series of short holes.
A number of data points gathered from alteration and geochemistry will then be used to direct additional deeper holes in conjunction with geochronological studies.
Such a strategy has previously been shown to be effective in the covered segments of the Macquarie Arc, and was directly responsible for the Northparkes and Cowal discoveries.
Alistair Waddell, President and CEO of Inflection Resources, said the commencement of the drilling campaign was the result of extensive previous work.
“After a very busy couple of years developing our portfolio of targets in Northern New South Wales and obtaining all the relevant permits, we are delighted to have commenced drilling.
“This first-pass drill program is the culmination of an innovative, bold exploration strategy and a significant amount of work by the Inflection team. We look forward to reporting the results as they come available,” he added.
Inflection Resources (CSE:AUCU) is currently up 22 per cent and is trading at C$0.61 per share at 3:11pm EDT.