Inflection Resources Ltd. announce it has completed four drill holes on its Carron Project in Northern Queensland, Australia. Inflection has completed an additional four drill holes totalling 1,055 metres and tested a variety of different aeromagnetic targets, three of which were interpreted to represent structures mostly defined by north and northwest trending magnetic lows which are considered to have the potential to host Croydon style vein mineralisation. Orogenic quartz bearing pyrite-pyrrhotite + chalcopyrite ± arsenopyrite veins were intercepted in holes CADH005, CADH006 and CADH007.

The northernmost hole, CADH008, did not intersect appreciable quartz veins but it did intersect minor disseminated chalcopyrite and pyrrhotite hosted in fine grained metasediments with variable amounts of patchy quartz-sericite alteration. The Company interprets the quartz veins to be similar to those found at the Croydon Goldfields located approximately 30 kilometres to the south although the recent drilling tested structures located further east of the previous Inflection drilling which intercepted quartz veining but with no significant gold values. Each of the wide spaced holes was designed to test separate magnetic anomalies interpreted to be the manifestation of alteration and quartz veins over approximately 20 kilometres.

Each hole broadly intercepted between 90 and 150 metres of post-mineral cover before cutting a sequence of Mesoproterozoic aged metasedimentary rocks and granitic intrusions. The majority of the Inflection drilling was funded by a AUD$200,000 grant the Company received from the Government of Queensland. The grant was awarded as part of the Queensland Government's Collaborative Exploration Initiative designed to encourage mineral exploration in Queensland.

The Carron project is located approximately 400 kilometres west of Cairns in Northern Queensland. Inflection identified a series of orogenic, potentially gold-bearing quartz vein and intrusion related gold targets on trend from the historic Croydon Goldfields, one of Queensland's more significant high-grade gold mining districts. Total production from the Croydon Goldfields after 1885 is reportedly over one million ounces from numerous quartz-vein lode deposits reportedly with an average grade of 35 g/t Au(1).

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.

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 totalling 1,030 metres at Carron which were successful in intercepting orogenic style quartz veins as modelled by the Company, although only anomalous gold and base metal values were returned.