AngloGold Ashanti plc(US:AU) Globenewswire·2026-01-19 11:25Core Insights - Inflection Resources Ltd. has reported a significant discovery of high-grade gold in a new target area within the Trangie district, located approximately 5.5 km south of previously reported mineralization [3][7] - The company is expanding its drilling program in the Trangie area, utilizing air-core drilling, a method proven effective in New South Wales for discovering deposits [3][4] Drilling Updates - Drill hole TRNDH032 returned notable intercepts, including 3.0 meters grading 7.72 g/t Au from 190.0 m to 193.0 m, indicating the presence of high-grade gold [4][10] - A total of 83 air-core drill holes are planned to commence in February, aimed at following up on the recent intercepts and earlier mineralization [7][8] - Recent scout drilling totaled 2,605 meters across six holes in the Trangie, Nyngan, Crooked Creek, and Duck Creek projects [7] Exploration Strategy - The company is systematically exploring for large copper-gold and gold deposits in the northern extension of the Macquarie Arc, which is known for hosting significant deposits [23] - A grid drilling approach is being implemented over an area of approximately 15 km² to map zones of alteration and mineralization [12] Partnership with AngloGold Ashanti - Under the earn-in agreement, AngloGold Ashanti can earn an initial 51% interest in four designated projects by funding AUD$7,000,000 on each project within 36 months [18] - Following Phase II, AngloGold Ashanti may elect to earn an additional 14% interest by funding an additional AUD$20,000,000 on each project within 24 months [19] Technical Details - The drilling program employs air-core drilling, which is a cost-effective method for collecting lithological and geochemical data from the Ordovician basement sequence [13][14] - The company utilizes a combination of mud-rotary and diamond-core drilling techniques to ensure effective exploration [24][26]