Infinity Mining's Geophysical Survey Unveils New Lithium Targets
INFINITY MINING LIMITED (IMI) Share Update November 2024 Tuesday 12th
Infinity Mining Identifies 7 Priority Lithium Targets at Woody Prospect
Infinity Mining Limited (ASX: IMI) has announced the identification of seven high-priority lithium targets at its Woody Prospect in the Pilbara region, following an advanced geophysical survey.
Instant Summary:
- Seven high-priority lithium targets identified at Woody Prospect.
- Use of Ambient Noise Tomography (ANT) for geophysical survey.
- Targets identified through integration of geophysical and geochemical data.
- Upcoming diamond drilling planned to further explore identified targets.
Survey Methodology and Findings
Infinity Mining Limited has utilized Ambient Noise Tomography (ANT), a passive geophysics method, to identify potential lithium-rich pegmatite targets at its Woody Prospect. This innovative technique employs natural seismic noise to create a 3D model of the subsurface, allowing the identification of low-density zones indicative of lithium deposits.
The survey covered key areas within tenements E45/4848 and E45/5720, focusing on regions with known lithium-bearing pegmatites and those with potential concealed targets. The integration of ANT data with existing geological and geochemical data has resulted in the identification of seven priority targets.
Details of the Targets
The identified targets, numbered 1 through 7, vary in size and depth, with some lying directly below previously mapped lithium-bearing pegmatites. For instance, Target 1 is located within the Euro Basalt and is estimated to be between 100m and 200m below the surface, extending north from the Naughton Prospect.
Target 2, situated at the northern end of the central ultramafic unit, shows significant magnetic signature destruction, suggesting potential lithium mineralization. Other targets, such as Target 3 and Target 4, are characterized by their positions within faulted geological structures, which may conceal valuable pegmatite formations.
Next Steps in Exploration
Infinity Mining plans to conduct further exploration through diamond drilling, with two 300m drill holes targeting the northern and southern ends of Target 1. The drilling aims to provide detailed geological and geochemical insights into the identified lithium pegmatites.
The company is also seeking a venture partner to assist in advancing these exploration efforts, highlighting the potential scale and significance of the project.
The identification of these lithium targets positions Infinity Mining as a key player in the lithium exploration sector. The use of advanced geophysical techniques demonstrates the company's commitment to leveraging technology for resource discovery. This announcement is likely to positively influence investor sentiment and could lead to an increase in stock value as the market anticipates further exploration success.
Investor Reaction:
Analysts are likely to view this announcement favorably, given the strategic importance of lithium in the global market. The integration of geophysical and geochemical data represents a robust approach to exploration, potentially increasing confidence in Infinity Mining's ability to discover economically viable resources.
Conclusion:
Investors should keep a close watch on Infinity Mining's upcoming drilling activities and potential partnerships, which could significantly enhance the company's exploration capabilities and market position. The success of these initiatives will be crucial in realizing the full potential of the identified targets.