Infinity Mining has unveiled significant findings at its Monkey Gully Gold Project in eastern Victoria, following a state-of-the-art LiDAR survey that identified an impressive total of 263 historical mine workings. This technological advancement not only highlights the project’s potential but also indicates a promising new target for gold exploration.
The survey, which utilized light detection and ranging technology, revealed the presence of various historical workings around the margin of a Devonian intrusion. Infinity Mining is actively pursuing intrusion-related gold systems (IRGS) and plans to prioritize this newly identified target for further exploration. The high number of historical workings suggests that previous miners dedicated considerable efforts to the area, which bodes well for the likelihood of discovering valuable mineral deposits.
The Monkey Gully project is strategically located approximately 40 kilometers east of Southern Cross Gold’s notable Sunday Creek gold project and within 100 kilometers of Agnico Eagle’s renowned Fosterville high-grade underground gold mine. Infinity’s management believes that the geological setting at Monkey Gully shares characteristics with Sunday Creek, particularly its proximity to Devonian intrusions within the Melbourne geological zone.
Phillips, a representative of Infinity Mining, stated that the company will focus on regions within the project that feature abundant historical workings. The intention is to apply modern exploration technologies to assess the potential for significant IRGS mineralization at depth. Previous exploration efforts, which included surface sampling and drilling, have yielded anomalous levels of tin, tungsten, molybdenum, and gold mineralization, reinforcing the project’s prospectivity.
The LiDAR survey provided high-resolution aerial imagery and a “bare earth” terrain view, stripping away vegetation to reveal geological and structural details beneath the surface. This method captures vital data through a pulsed laser that measures distances to the earth. The interpretation of the LiDAR data highlighted structural trends that are believed to serve as potential pathways for gold mineralization.
The comprehensive survey identified a total of 263 historical workings, which included 21 adits and 242 prospecting pits. The abundance of old workings exceeded expectations, transforming the area into a high-priority gold target for the company.
In addition to these findings, Infinity Mining has also defined further IRGS gold targets at its Tanjil Bren and Walhalla South projects, both of which exhibit several similarities to the nearby Sunday Creek project. The company is making strides across its portfolio, including its flagship Cangai copper project located in northern New South Wales.
Management is optimistic about Cangai’s development potential, especially in a favorable market characterized by rising copper and gold prices. Recent market conditions have seen gold prices soar, recently exceeding US$3690 (A$5538) per ounce, enhancing the attractiveness of Infinity’s exploration initiatives.
With a range of promising projects in its portfolio, Infinity Mining is positioned to capitalize on the growing demand for precious metals. As the company continues to explore these historic gold workings, the mining community will be keenly watching for further developments in this promising region of Victoria.
