(MENAFN – Newsfile Corp) Inflection Resources Drilling Intercepts Third Zone of Strong Porphyry Style Alteration in New South Wales, Australia
Vancouver, British Columbia–(Newsfile Corp. – November 30, 2020) – Inflection Resources Ltd. (CSE: AUCU) (FSE: 5VJ) (the “Company” or “Inflection”) is pleased to provide an update from its ongoing drilling in Northern New South Wales, Australia.
- First-pass drilling on the Macquarie target has identified a new zone of highly encouraging, intense potassic alteration, characteristic of that seen in the vicinity of Macquarie Arc porphyry systems;
- Macquarie drill hole MACDDH001 returned the strongest, most favorable alteration drilled by Inflection to date, suggesting the Company has potentially identified a third porphyry centre. Drilling intersected intense biotite-magnetite alteration crosscut by stockwork style quartz-magnetite-biotite veins and epidote-garnet-calcite veins with biotite alteration halos;
- The Macquarie target is located approximately 100 kilometres northwest of the Myallmundi and Trangie targets where two other potential porphyry centres have been identified; and,
- Five additional regional targets have been tested and nine step-out holes completed on the Myallmundi target, which has returned additional zones of favourable alteration.
Dr. Stuart Smith, Director and Head of the Company’s Technical Committee, states, “The strong alteration and veining encountered at the Macquarie target, over 100 kilometres north of the previously encountered Trangie and Myallmundi targets, is extremely encouraging and provides validation for Inflection’s regional targeting model. Further encouragement has also been returned from follow-up, step-out drilling at Myallmundi, including the highly significant occurrence of a compositionally diverse, potassically altered intrusive complex. Only wide-spaced drilling has been conducted in the three areas identified so far and abundant space remains for any of them to host a porphyry system of significance.”
Subsequent to Inflection’s news release dated October 19, 2020, five additional regional targets including Macquarie, Boggy, Moonagee, Meringo and Belaringar have been tested with a total of nine drill holes. Nine step-out drill holes were also completed on the Myallmundi Target.
Previous drilling at Myallmundi (Inflection news release dated September 2, 2020) identified highly encouraging alteration consisting of several generations of vein stockwork comprising chlorite-magnetite, quartz-carbonate and epidote-quartz carbonate, with traces of chalcopyrite and bornite. This vein and alteration assemblage is considered classic early potassic alteration overprinted by propylitic alteration and is indicative of alteration associated with other Macquarie Arc porphyry systems.
As part of the Northern NSW first-pass drill program, a total of twenty-seven holes comprised of 5,356 metres of drilling have now been completed, testing ten targets. Seven of these targets are porphyry targets, two are intrusion-associated targets and one a mesothermal vein target. It is highly encouraging to report that six targets have returned significant alteration and minor copper mineralisation which warrant follow up drilling. These targets comprise Macquarie, Trangie, Myallmundi, Boggy, Nine Mile and Mungeribar.
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Figure 1: Northern NSW drill hole target location and status map.
To view an enhanced version of Figure 1, please visit:
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Macquarie Target – First-Pass Drilling
Two initial drill holes totalling 343