Inflection Resources Provides Update on Trangie Project Drilling in New South Wales, Australia

Core Viewpoint - Inflection Resources Ltd. has provided an update on the drilling results from the Trangie project in New South Wales, Australia, indicating positive mineralization and potential for a large-scale porphyry system [2][5][11]. Drilling Update - A total of eight drill holes (TRNDH024 to TRNDH031) were completed, totaling 4,052 meters, to follow up on previous mineralization findings [3][5]. - The new drill holes have expanded the known mineralized footprint by 100 meters westward, 200 meters north, and 200 meters southwest from the previous intercept [5]. - Drill hole TRNDH028 reported the most significant gold mineralization, with 42.15 meters grading 0.33 g/t Au from 263.33 meters [5][9]. Geological Insights - The mineralization and alteration footprint suggest a large-scale porphyry system, with a defined area of 500 meters by 500 meters showing porphyry-related alteration [5]. - The presence of biotite-albite altered siltstone and sandstone units, along with monzodiorite intrusions, indicates a high-temperature environment typical of porphyry systems [11][10]. AngloGold Ashanti Agreement - Under the Exploration Agreement, AngloGold Ashanti has the option to earn an initial 51% interest in the Trangie project by funding AUD$7,000,000 within 36 months [26]. - Subsequent phases allow for additional ownership stakes, potentially increasing AngloGold Ashanti's interest to 75% through further funding [27][30]. Project Context - The Trangie project is part of a broader exploration strategy targeting large copper-gold deposits in the Macquarie Arc, a significant porphyry copper-gold province in Australia [31]. - The project utilizes cost-effective drilling methods to explore mineralized bodies, which are known to have extensive alteration and geochemical halos [32].