Infinity Mining has secured the Bogong Copper-Gold Project, expanding its exploration portfolio in New South Wales (NSW), Australia.
The project, which spans a 16km strike length along the Mooney-Mooney Fault System, is situated within the mineral-rich Lachlan Fold Belt.
It is strategically located near other known mineralised deposits including the Bogong copper occurrence and the Goobarrandra copper mine.
Infinity Mining plans to compile a comprehensive database of historical data including drilling results, surface geochemical assays and geophysical data.
This review will help the company to identify the most promising targets for further exploration.
Following the data review, Infinity will undertake modern geophysical surveys, geochemical surveys and other on-ground exploration programmes.
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The company has indicated that high-priority targets will be earmarked for drill testing next year.
The exploration permit for the Bogong Project is valid for a five-year term and adds to Infinity’s recent acquisitions including the Achilles, Gundagai, Harden and Cangai projects.
Infinity’s NSW portfolio now comprises seven granted exploration licences.
The company plans to advance its exploration programmes on these tenements.
The initial phase will include onsite evaluations, geological mapping and geochemical sampling, with subsequent geophysics and drilling planned for 2025.
Infinity Mining executive chairman Joe Phillips said: “We are excited to secure the Bogong Copper Project, which adds to an excellent portfolio of copper-gold exploration opportunities in New South Wales.
“Reporting over 50m of drill intercept assaying at more than 1% copper is an impressive starting point to build from. Infinity’s eastern Australian asset expansion reflects the company’s commitment to identifying and developing high-value mineral resources for the future.
“We look forward to unlocking the potential of these properties and adding value for our shareholders.”
Last month, Castillo Copper announced the conditional sale of the Cangai Copper Mine tenements in NSW to Infinity Mining.
