Inflection Resources (CSE: AUCU, US-OTC: AUCUF) is an early-stage exploration company focused on looking for gold and copper-gold deposits in the Macquarie Arc, part of the Lachlan Fold Belt, in eastern Australia.
The Macquarie Arc is considered Australia’s premier porphyry gold-copper province and hosts several world-class mines. These include Newcrest Mining’s (TSX: NCM; ASX: NCM) Cadia operation, the largest gold mine in Australia; the Northparkes copper-gold mine, a joint venture between China Molybdenum Company and Japan’s Sumitomo Corp.; and Evolution Mining‘s (ASX: EVN) Cowal gold mine; as well as numerous exploration prospects.
Since its founding in 2017, Vancouver-headquartered Inflection Resources has focused on exploring its highly prospective district-scale land position in northern New South Wales (NSW). With over 500,000 hectares of wholly-owned exploration licenses the company has one of the largest tenement holdings in the Macquarie Arc, it says. Inflection is currently drill-testing over 20 targets within its portfolio.
Inflection “is a technically-driven explorer with a highly experienced team of geologists and mine-finders,” said Alistair Waddell, Inflection Resources’ president and CEO. “Through our systematic, geoscience-based approach, we have grown a large portfolio of new copper-gold and gold targets in an area interpreted as the northern extension of the Macquarie Arc.”
Waddell notes that Inflection benefits from exploring in a world-class mining jurisdiction that is also very supportive of the industry. Last year, the company was awarded three grants from the Government of NSW New Frontiers Cooperative Drilling Program. Totalling A$139,685 ($130,000), the grants are being used to fund 50% of the direct drilling costs on three of Inflection’s targets.
Australia “is a superb jurisdiction in which to explore and develop a mine,” said Waddell, adding that the long history of mining in and around Macquarie Arc has led to “excellent infrastructure, including an extensive network of paved roads, as well as rail lines, airports, and power; all of which we benefit from.”
In addition, Inflection’s portfolio of targets typically lie on barren bushland or large commercial farms with flat topography that allow easy access via land. “There’s no need to use helicopters to get personnel or equipment to or from remote camps, and the targets can be explored all year round,” he says. “All this translates to relatively simple, cost-effective exploration.”
According to Waddell, these targets were first generated from high-quality NSW government-sourced airborne magnetic and regional gravity data by Douglas Haynes, a technical advisor to Inflection. Haynes has over 50 years of experience in the industry and has been involved in the discovery of numerous deposits that became mines, including the world-class Olympic Dam in South Australia, now owned by BHP (NYSE: BHP; LSE: BHP; ASX: BHP).
Inflection has completed a 15,000-line km high-resolution magnetic survey across all the targets, the results of which informed the design of specific explorationprograms to test each target.
It has also completed 46 drill holes (10,097 metres) of an initial drill program, and plans to start follow-up drilling in the next couple of months.
The next phase of drilling “is very exciting as we are following up high priority targets already defined by the first-pass drilling campaign that has returned highly encouraging results,” said Waddell.
The company’s other Australian asset is the Carron gold project in northern Queensland. At Carron, it is targeting high-grade orogenic lode gold along a mineralised trend in the historic Croydon Goldfields. It plans to drill test high-priority targets at the project later this year.
The preceding Joint-Venture Article is PROMOTED CONTENT sponsored by Inflection Resources and produced in cooperation with The Northern Miner. Visit www.inflectionresources.com for more information.
Very exciting project, I continue to follow it closely.