Inflection Resources: Drilling Intercepts Third Zone of Strong Porphyry Style Alteration in New South Wales, Australia
Vancouver, British Columbia, November 30, 2020: Inflection Resources Ltd. (the “Company” or “Inflection”) (CSE: AUCU – Frankfurt: 5VJ) is pleased to provide an update from its ongoing drilling in Northern New South Wales, Australia.
- First-pass drilling on the Macquarie target has identified a new zone of highly encouraging, intense potassic alteration, characteristic of that seen in the vicinity of Macquarie Arc porphyry systems;
- Macquarie drill hole MACDDH001 returned the strongest, most favorable alteration drilled by Inflection to date, suggesting the Company has potentially identified a third porphyry centre. Drilling intersected intense biotite-magnetite alteration crosscut by stockwork style quartz-magnetite-biotite veins and epidote-garnet-calcite veins with biotite alteration halos;
- The Macquarie target is located approximately 100 kilometres northwest of the Myallmundi and Trangie targets where two other potential porphyry centres have been identified; and,
- Five additional regional targets have been tested and nine step-out holes completed on the Myallmundi target, which has returned additional zones of favourable alteration.
Dr. Stuart Smith, Director and Head of the Company’s Technical Committee, states “The strong alteration and veining encountered at the Macquarie target, over 100 kilometres north of the previously encountered Trangie and Myallmundi targets, is extremely encouraging and provides validation for Inflection’s regional targeting model. Further encouragement has also been returned from follow-up, step-out drilling at Myallmundi, including the highly significant occurrence of a compositionally diverse, potassically altered intrusive complex. Only wide-spaced drilling has been conducted in the three areas identified so far and abundant space remains for any of them to host a porphyry system of significance.”
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