CARRON PROJECT

Exploring for high-grade orogenic vein and intrusion related gold systems analogous & along trend from the Croydon Goldfields.

Overview

  • Exploring for high-grade orogenic vein and intrusion related gold systems analogous & along trend from the Croydon Goldfields.
  • Croydon is one of Queensland’s significant gold camps with >1Moz Au production with historic average grades of 35 g/t Au* widely reported.
  • Project generated by northern NSW technical team led by Dr. Douglas Haynes.
  • Multiple high-grade targets over ~30 km – Never drill tested.
  • Targets do not outcrop and occur under sedimentary cover
*Van Eck M, Child R  1990 – Croydon Gold deposits: in Hughes F E (Ed.), 1990 Geology of the Mineral Deposits of Australia & Papua New Guinea The AusIMM, Melbourne   Mono 14, v1 pp 979-982

Carron Gold Project Target Generation

  • 52,200 ha exploration licenses.
  • Interpreted, north-west concealed extension of Croydon mineralization located under post-mineral cover.
  • High-grade (+1 oz/t) orogenic lode gold veins at Croydon trend in a northwesterly direction.
  • ~30 km strike length of un-tested drill targets.

Inflection has completed the following

  • Flown a 3,855-line km of 50 m spaced airborne magnetic survey.
  • Constructed a 3D geological model.
  • Completed 3D Magnetic Vector Inversion (MVI) modelling.
  • Defined 11 drill targets.

2020 work program

  • Initiate first-pass drilling on highest priority targets.

Ownership

  • Current 50% ownership. (JV with Oakland Gold Pty Ltd.)
  • Option to earn up to 70% interest by investing AUD$1M.
  • Pathway to earn a 100% interest.
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