2.2 C
Belgrade
13/12/2024
Mining News

Infinity Mining expands NSW portfolio with acquisition of Bogong Copper-Gold Project in Australia

Infinity Mining has significantly expanded its exploration portfolio with the acquisition of the Bogong Copper-Gold Project in New South Wales (NSW), Australia. The project, which spans a 16km strike length along the Mooney-Mooney Fault System, is located within the mineral-rich Lachlan Fold Belt, a highly prospective area for copper and gold mineralisation.

Strategically positioned near other known mineralised deposits, including the Bogong copper occurrence and the Goobarrandra copper mine, the project is well-placed to provide high-potential exploration opportunities. Infinity Mining plans to compile and analyse a comprehensive database of historical drilling results, surface geochemical assays, and geophysical data to identify the most promising exploration targets.

Supported by

Following the review of this data, Infinity Mining will carry out modern geophysical and geochemical surveys, with on-ground exploration programs set to commence in the coming year. The company has highlighted that high-priority targets will be drilled starting in 2025.

The Bogong project’s exploration permit is valid for five years and adds to Infinity’s growing NSW portfolio, which now includes seven granted exploration licences, including the Achilles, Gundagai, Harden, and Cangai projects. This latest acquisition underlines the company’s commitment to advancing its exploration programs in Eastern Australia.

Infinity Mining’s executive chairman, Joe Phillips, expressed enthusiasm about the acquisition, stating, “The Bogong Copper Project is an excellent addition to our portfolio, enhancing our copper-gold exploration opportunities in New South Wales. The presence of drill intercepts with over 1% copper provides a solid foundation as we move forward with our exploration strategy.”

With the company’s continued expansion, Infinity Mining aims to unlock the potential of these properties and deliver long-term value for its shareholders.

Related posts

Federal approval granted for expansion of Canada’s largest thermal coal mine, sparking environmental concerns

Chinese firms strengthen presence in Brazilian mining with two major deals

Australia invests $75M to boost critical mineral supplies for renewable energy transition

error: Content is protected !!