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- Infinity Mining (IMI) receives a five-year extension to one of its key Hillside copper-gold tenements, E45/4685, located in the Pilbara region of WA
- The Hillside Gold Project includes four exploration licences held by the company
- The project is highly prospective for copper and gold and the area has been previously explored by various companies
- CEO Joe Groot said the original exploration licence was granted on January 12, 2017, and the five-year extension is “great news for the company”
- At market close, Infinity was in the grey and trading at 16.5 cents per share
Infinity Mining (IMI) has received a five-year extension to one of its key Hillside copper-gold tenements, E45/4685, located in the Pilbara region of WA.
The Hillside Gold Project includes four exploration licences held by the company. This group of tenements is located around 185 kilometres southeast of Port Headland and 50 kilometres southwest of Marble Bar.
The project is highly prospective for copper and gold and the area has been previously explores by various companies.
CEO Joe Groot said the original exploration licence was granted on January 12, 2017, and the five-year extension is “great news for the company.”
“The licence holder Macarthur Lithium, now Infinity Mining, has invested over $850,000 in exploration programs at Hillside, which have identified several anomalous areas for further follow up work,” Mr Goot said.
“We have a big program planned at Hillside for this 2022 field season with $1.4 million to be invested in exploration, including a 3000-metre drilling program to test the most prospective targets. We look forward to getting on the ground once weather permit.”
In November 2019, a drilling program was completed by Infinity, focusing on the gossan line and outcropping quartz reefs.
The drilling completed a total of 36 holes, totalling 1798 metres. Assay results support a mineralised gossan model with down dip extension of mineralised gossan at surface intercepted in three holes.
On market close, Infinity was in the grey and trading at 16.5 cents per share.
