Striking Gold: High-Grade Assays Confirm Potential at Sir Walter Scott Prospect
Infinity Mining Limited (ASX: IMI) has reported exceptional high-grade gold assays from its Sir Walter Scott prospect within the Cangai Project in northern New South Wales. These results validate historical mining records and position the company for accelerated exploration at this historically productive gold site.
Gold Assays Exceed Expectations with Results up to 68.6 g/t
Recent rock chip sampling at Sir Walter Scott has delivered outstanding results, with 9 of 12 samples returning gold grades above 1 g/t Au, including spectacular high-grade gold assays of 68.6 g/t Au and 23.3 g/t Au. These findings confirm historical mining records that indicated Sir Walter Scott produced 1,790 oz of gold from just 2,203 tonnes of ore at an average grade of approximately 25 g/t Au in the 1890s.
The new samples, collected along a one-kilometer section of a northwest-trending structural corridor, reveal consistent gold mineralisation in quartz-sulphide veins hosted in steeply dipping chloritic shear zones.
"The confirmation of high-grade gold mineralisation at Sir Walter Scott is very encouraging. These high gold assay results have exceeded our expectations, making Sir Walter Scott another priority target for the company to focus on, in addition to the nearby Cangai Copper mine." – Joe Phillips, Managing Director
Strategic Location in an Emerging Gold District
The Sir Walter Scott prospect is strategically positioned approximately 3km south of Infinity's historical Cangai Copper Mine and just 3km along strike from Novo Resources' John Bull Gold Project, which has recently reported its own encouraging gold results.
This positioning places the high-grade gold discovery at Infinity Mining Ltd within an emerging gold district with demonstrated high-grade potential and established mineralisation trends, similar to where Matsa Resources recently hit high-grade gold at their Fortitude North Project.
| Sample Highlights | Gold Grade (g/t) | Description |
|---|---|---|
| ISWS03 | 68.6 | Laminated quartz vein with minor sulphides |
| ISWS04 | 23.3 | Quartz vein with minor sulphides |
| ISWS09 | 9.19 | Massive quartz with traces of sulphides |
Understanding Intrusion-Related Gold Systems
The gold mineralisation at Sir Walter Scott appears consistent with an Intrusion-Related Gold System (IRGS), similar to what Novo Resources has identified at their nearby John Bull project.
What is an Intrusion-Related Gold System?
IRGS deposits form when gold-bearing fluids are released from cooling magmatic intrusions. These systems create predictable zonation patterns with gold concentrated in quartz veins along structural pathways. This model has significant implications for exploration as IRGS deposits can host substantial gold resources at depth, extending beyond surface expressions.
The presence of accessory minerals in the rock samples supports this interpretation. Assays report up to 3.58% Fe, 0.36% S, 4770 ppm Pb, and 1015 ppm Zn alongside the gold values. These elements typically accompany gold in IRGS deposits and provide valuable vectors for further exploration, much like the new gold targets identified by Austin Metals along strike from their high-grade discovery.
Accelerated Exploration Timeline
Following these promising results, Infinity Mining has committed to an accelerated exploration program at Sir Walter Scott. The company's technical team will return to the site in the coming months to conduct:
- Detailed geological and structural mapping
- Expanded surface geochemical sampling
- Potential geophysical surveys to define drill targets
This systematic approach aims to better understand the extent and orientation of gold mineralisation before progressing to targeted drilling programs. Meanwhile, other companies like Mt Fisher are stockpiling early gold for production opportunities in similar high-grade systems.
Investment Thesis: Multiple Catalysts in a Diversified Portfolio
The high-grade gold discovery at Infinity Mining Ltd presents a compelling investment proposition with several key advantages:
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Established high-grade gold potential – The Sir Walter Scott prospect has demonstrated exceptional gold grades with minimal modern exploration.
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Strategic land position – The company holds over 3,700 km² of tenements across multiple prospective regions in Australia, including NSW's Macquarie Arc and the Central Goldfields in WA.
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Nearby production history – The historical Cangai Copper Mine on Infinity's tenements produced copper at exceptional grades, providing another potential development pathway.
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Proximity to successful explorers – The neighboring John Bull project being explored by Novo Resources validates the regional potential.
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Multiple commodity exposure – Beyond gold, the company's portfolio includes copper, lithium, and other base metal opportunities.
Why Investors Should Track Infinity Mining
Infinity Mining represents an early-stage opportunity in a proven gold district with multiple catalysts ahead. The confirmation of high-grade gold at Sir Walter Scott transforms this prospect into a priority target alongside the company's existing Cangai Copper project.
For investors seeking exposure to precious and base metals exploration, Infinity offers a diversified portfolio across multiple mining jurisdictions in Australia, reducing geographic and single-project risk. With minimal modern exploration applied to historically productive areas, the company has numerous opportunities to make significant discoveries through systematic exploration.
The coming months should deliver a steady flow of news as the high-grade gold discovery at Infinity Mining Ltd advances work at Sir Walter Scott, potentially leading to maiden drilling programs and resource definition at this promising gold prospect. Furthermore, investors should note that Sunstone Metals' high-grade gold discovery and Inca Minerals' Hurricane project gold discovery showcase the significant potential for these types of high-grade gold systems across various regions.
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