(via TheNewswire)
The Carron project is located approximately 400 kilometres west of Cairns in
The Carron targets were generated by analysing data from a regional airborne magnetic survey completed by the Queensland Government. Interpretation of the magnetic data identified a series of extensive large north-west trending structures under post-mineral sedimentary cover, which intermittently extend for over approximately 30 kilometres. Consequently, the Company flew a 3,855-line kilometre airborne high-resolution magnetic survey with 50-metre line spacing for better target definition of the structures to enable drill hole positioning. Subsequent to the survey, interpretation of the magnetic data identified a number of large magnetic anomalies interpreted to be intrusions and having conceptual potential for intrusion associated copper-gold mineralisation. The high resolution airborne magnetic data was processed, and 3D magnetic vector inversion and conventional susceptibility inversion modelling completed.
In late 2021, Inflection completed an initial four drill holes at Carron totalling 1,030 metres which was successful in intercepting orogenic style quartz veins as modelled by the Company, although only anomalous gold and base metal values were returned. The Company anticipates completing further work on the property later in the year once the area become accessible after the wet season and once the planned drilling in
AngloGold Ashanti Heads of Agreement Update
Further to the Company’s announcement on
AGM and Adoption of Advance Notice Policy
The Company announces it will hold an annual general meeting of shareholders (the “Meeting”) on
The Company further announces that the board of directors (the “Board”) of the Company has approved an advance notice policy (the “Advance Notice Policy”) on
Qualified Person
The scientific and technical information contained in this news release has been reviewed and approved by Mr.
Van Eck M, Child R 1990 – Croydon Gold deposits: in Hughes F E (Ed.), 1990 Geology of the Mineral Deposits of
Australia & Papua New Guinea The AusIMM, Melbourne Mono 14, v1 pp 979-982
About
The Company is exploring forlarge copper-gold and gold deposits in the northerninterpreted extension of the Macquarie Arc, part of the Lachlan Fold Belt in
For more information, please visit the Company’s website atwww.inflectionresources.com.
On Behalf of the Board of Directors
President and CEO
alistair@inflectionresources.com
For further information contact:
Investor Relations Manager
+1 (778) 867-5016
bzerb@inflectionresources.com
Forward-Looking Statements: This news release includes certain forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein including, without limitation, statements regarding future capital expenditures, receipt of the maximum amount of available grant funding, anticipated content, commencement, and cost of exploration programs in respect of the Company's projects and mineral properties, and the anticipated business plans and timing of future activities of the Company, are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Often, but not always, forward looking information can be identified by words such as "pro forma", "plans", "expects", "may", "should", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", "believes", "potential" or variations of such words including negative variations thereof, and phrases that refer to certain actions, events or results that may, could, would, might or will occur or be taken or achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements. Such risks and other factors include, among others, statements as to the anticipated business plans and timing of future activities of the Company, including the Company's exploration plans. the proposed expenditures for exploration work thereon, the ability of the Company to obtain sufficient financing to fund its business activities and plans, delays in obtaining governmental and regulatory approvals (including of the Canadian Securities Exchange), permits or financing, changes in laws, regulations and policies affecting mining operations, the Company's limited operating history, currency fluctuations, title disputes or claims, environmental issues and liabilities, as well as those factors discussed under the heading "Risk Factors" in the Company's prospectus dated
Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to update any of the forward-looking statements, except as otherwise required by law.
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Copyright (c) 2023 TheNewswire - All rights reserved., source