Infinity Mining Limited has completed the acquisition of three new, highly prospective tenements in the East Pilbara, WA from TasEx Geological Services Pty Ltd. The new tenements include E45/5847, E46/1373 and E45/5720.
The new exploration licences add an additional 98.83 square kilometres in granted tenure, bringing it to a total of 780.35 square kilometres.
This new ground is considered highly prospective for shear hosted gold and VHMS deposits and paleo-placer gold deposits and adjoins the company’s Tambourah South Lithium Project providing further discovery potential.
Infinity intends to undertake an extensive open file data review prior to a detailed geological, geochemical and geophysical interpretation.
The aim of the review and interpretation will be to identify initial target areas which will be followed up in the field with mapping, rock chip and possible soil sampling. Part of this work will also involve identifying areas were further airborne or ground geophysics could be applied to further assist with identifying drill targets for future campaigns.
Chief Executive Officer Joe Groot said: “We are very pleased to have completed the transfer of tenements from TasEx and are confident that these new areas will provide a number of new and highly prospective exploration targets for Infinity.
“Most importantly, some of the new areas lie directly adjacent our Tambourah South Project, where the company has previously identified lithium-bearing pegmatites. We look forward undertaking a detailed geological review of the new assets, which will potentially aid in future discoveries.
“Infinity now has a commanding footprint in the East Pilbara, which spans over 780km2, containing very favourable geology. We look forward to continuing exploration initiatives to further develop the region and unlock value for shareholders.”
New Tenure within the Structural Corridor of Tambourah South Project:
E45/5720 adds three sub-blocks to Infinity’s Tambourah Project, adjacent to the company’s existing Tambourah South tenement (E45/4848).
Recent mapping, soil and rock chip sampling, as well as reverse circulation drilling within E45/4848 has identified lithium–caesium–tantalum (LCT) mineralised pegmatites running east to north-east across this tenement.
The eastern most block lies on the western edge of the Shaw Batholith, which is also known to contain lithium fertile intrusions of the Split Rock Suite. Published mapping shows that the new tenement contains mafic units of the Apex Basalt plus significant faulting and folding.
E45/5847 – Panorama Project:
E45/5847 consists of 11 sub-blocks and is located just north of the Shaw Batholith where greenstone units of the North Star Basalt and slightly younger Mt Ada Basalt drape around the northern edge of the Batholith.
Open file magnetics and published geology maps show the region is structurally deformed with structural flexures in the North Star Basalt units to the south-east of the tenement.
E46/1373 – Cookes Creek:
E46/1373 consists of 17 new sub-blocks and covers faulted and flexed greenstones made up of ultra-mafic, mafic and felsic volcanics and sediments of the Wyman Formation and Euro Basalt.
The greenstones drape around the Cookes Creek Monzogranite, a small intrusive stock of the younger lithium fertile Split Rock Suite, located just west of the tenement.
A small tin-tantalum-lithium occurrence is recorded in the greenstones adjacent to the monzogranite, along with nickel and molybdenum occurrences in the surrounding ultra-mafic rocks.
A larger structure zone cuts north-south through the tenement and hosts younger units of Fortescue Group including the Mt Roe Basalt.
A number of gold occurrences lie to the west and south of the tenement in faulted units of the Euro Basalt and Mosquito Creek Formation, respectively.
