Multiple New Drill Targets Defined On Duck Creek Project

VANCOUVER - Inflection Resources Ltd. reported on the Duck Creek project in New South Wales, Australia. Surveys have been conducted as part of a multi-year Exploration Agreement with AngloGold Ashanti Australia Limited. Results from three separate geophysical surveys completed on the northern Duck Creek exploration license have been received and interpreted. The surveys include Ambient Noise Tomography (ANT), a ground gravity study and an Induced Polarisation/Magnetotellurics (IP/MT) survey. The ANT survey completed by Fleet Space Technologies was considered successful and clearly highlights several previously unknown features of interest in the prospective basement sequence. The different features of interest are interpreted to represent potential intrusive bodies, zones of hydrothermal alteration and kilometre-scale structures. A ground gravity survey has provided much needed higher resolution data to guide the positioning of additional drill holes.  Several distinct gravity features have been identified which will require drill testing with the gravity lows interpreted to represent possible deep-seated intrusions at depth, and next phase of Duck Creek drill holes have been defined by combining data from the ANT, magnetic and gravity surveys with drill hole sample geochemistry and alteration identified in Inflection drill core.

Alistair Waddell, President and CEO, said, "We are extremely pleased with the results of the geophysical surveys conducted at Duck Creek.  The interpretation of the survey data has identified several new priority targets to be drill-tested as part of the ongoing exploration programs in New South Wales.  The ANT and gravity data have proven particularly valuable in enhancing the Company's understanding of the prospective basement sequence beneath the blanket of post-mineral sedimentary cover. We very much look forward to completing the next phase of drill holes where we will test some of these large-scale, previously unknown targets, many of which are located in close proximity to areas where highly favorable porphyry-style alteration was previously intercepted in earlier Inflection drilling."

Three separate geophysical surveys were completed on the northern Duck Creek exploration license including Ambient Noise Tomography, an Induced Polarisation/Magnetotellurics (IP/MT) survey and a ground gravity study. The principal objective of these surveys was to enable the more accurate positioning of further drill holes, which when combined with geochemical data and alteration mapping collected from earlier Inflection drilling, would likely provide vectors toward alkalic porphyry-related copper-gold mineralisation at depth.

Drilling is currently focused on testing new regional targets in the north of Inflection’s portfolio as referenced in Inflection News Release dated December 20, 2023.  With the completion of the geophysical surveys, we anticipate further drilling at Duck Creek.  The Company anticipates an extensive follow-up drill program to commence at Duck Creek following the ongoing scheduled, first-pass drilling underway on the various northern New South Wales targets.