Early Exploration at Sir Walter Scott Reveals Potential but Drilling Needed to Confirm

High-Grade Gold Confirmed at Sir Walter Scott

Infinity Mining Limited (ASX, IMI) has announced promising assay results from its recent rock chip sampling at the Sir Walter Scott Gold prospect, part of its broader Cangai Project in northern New South Wales. The twelve samples collected in July 2025 revealed nine assays above 1 gram per tonne (g/t) gold, with an outstanding peak value of 68.6 g/t. These results not only validate historical data but also highlight Sir Walter Scott as a compelling target for further exploration.

Historical Context and Geological Setting

Sir Walter Scott lies approximately 3 kilometres south of the historic Cangai Copper Mine, which produced high-grade gold in the late 19th century, averaging around 25 g/t from over 2,200 tonnes of ore. The prospect is situated within a northwest-trending structural corridor known for quartz-sulphide veins hosted in steeply dipping chloritic shear zones. This geological setting is consistent with an Intrusion Related Gold System (IRGS), a style of mineralisation that often supports significant gold deposits at depth.

Regional Exploration Synergies

Infinity’s Sir Walter Scott prospect is strategically positioned near Novo Resources’ John Bull Gold Project, located roughly 3 kilometres along strike to the northwest. Novo has recently reported anomalous gold mineralisation in rock chips and drill intercepts, suggesting a potentially extensive gold system along this structural trend. This proximity adds a layer of regional validation to Infinity’s findings and underscores the exploration potential of the corridor.

Next Steps for Infinity Mining

Infinity’s technical team plans to return to Sir Walter Scott for more detailed geological and structural mapping, alongside surface geochemical sampling. These activities aim to refine the understanding of the mineralisation controls and to identify drill targets. Given the limited modern exploration since the 1980s, these efforts could unlock significant value by delineating a larger mineralised system beneath the surface.

A Promising Chapter in Early-Stage Exploration

While the rock chip results are encouraging, they represent an early stage of exploration and are not yet indicative of a defined resource. The assays were collected from surface dumps and outcrops, which means further drilling will be essential to confirm the extent and continuity of the gold mineralisation. Nonetheless, the high-grade nature of these samples, combined with the historical production and regional context, positions Sir Walter Scott as a priority target within Infinity Mining’s portfolio.