- Inflection Resources (AUCU) has identified a number of new, priority copper-gold exploration targets in Northern New South Wales, Australia
- The company has been granted two and applied for an additional three exploration licenses to cover these five new priority target areas
- Five new target areas: Duck Creek, Bogan West, Mundadoo North, Ginghet North and Walgett East have been identified
- All areas are claimed and 100-per-cent owned by Inflection Resources
- Inflection Resources is up 1.92 per cent, trading at $0.26 at 12:56 pm ET
Inflection Resources (AUCU) has identified a number of new, priority copper-gold exploration targets in Northern New South Wales, Australia.
The Vancouver mineral exploration company has been granted two and applied for an additional three exploration licenses to cover these five new priority target areas.
Five new target areas: Duck Creek, Bogan West, Mundadoo North, Ginghet North and Walgett East have been identified. All of the areas are claimed and 100-per-cent owned by Inflection Resources.
The company considers all of the new targets significant additions to its existing pipeline of drill targets. The targets are primarily considered prospective for alkalic porphyry-related copper-gold mineralization.
The company plans to systematically drill test the new targets as part of its ongoing Northern New South Wales drill program with the goal of discovering a large, concealed copper-gold deposit.
“As our New South Wales drill program progresses, our geological understanding of the covered northern extension of the Macquarie Arc has greatly improved through the collection of new, primary, proprietary data which is constantly being applied to tweak our geological models and exploration strategy. This proprietary knowledge has given the company a significant competitive advantage over the selection of prospective ground and targets. This greater geological understanding of the covered basement geology, geochronology and the post-mineral sedimentary cover sequence has highlighted these additional areas of interest which the company considers highly prospective for large porphyry-related copper-gold systems,” said Inflection President and CEO Alistair Waddell.
Vancouver-based Inflection Resources is a technically driven copper-gold and gold-focused mineral exploration company with projects in Australia.
Inflection Resources is up 1.92 per cent, trading at $0.26 at 12:56 pm ET.