Inflection Resources (AUCU.CN): Provides Drilling Update From Northern New South Wales

Vancouver, British Columbia–(Newsfile Corp. – February 1, 2021) –  Inflection Resources Ltd. (CSE: AUCU) (FSE: 5VJ) (OTCQB: AUCUF) (the “Company” or “Inflection”) is pleased to provide a drilling update from its projects in Northern New South Wales, Australia.

Summary Highlights

• Step-out drilling on the Trangie target in drill hole TRNDH007 has identified the most intense zone of alteration and mineralisation intercepted to-date, including zones of disseminated and vein style chalcopyrite;

• First pass drilling on the Melmiland target intercepted zones of native copper and biotite-magnetite with hematite alteration of variable intensity throughout the hole. Minor chalcopyrite also occurs as disseminations throughout the hole; and,

• The 2021 NSW drill program comprises of first-pass drilling on the Company’s portfolio of remaining targets, as well as priority step-out, follow-up holes on the Trangie, Myallmundi, Melmiland and Macquarie targets.

Alistair Waddell, Inflection’s President and CEO, states “The strong alteration and chalcopyrite encountered on the Trangie target in drill hole TRNDH007 is highly encouraging and gives us further confidence in our exploration strategy of vectoring towards potential porphyry centres. The next phase of drilling will be very exciting as we follow up on the principal targets already defined as well as continue our first-pass program on the remaining targets yet to be drilled”.

Drilling Update

Eight additional holes have been completed on the Trangie, Melmiland and Branglebar targets totalling 1,923 metres. Five step-out holes were completed on the Trangie target following up on the favorable alteration intercepted in hole TRNDH002 (Inflection News Release October 19, 2020). One first-pass hole was completed on the Melmiland target and two on Branglebar.

A total of thirty-seven holes comprising of 7,698 metres of drilling have now been completed by the Company in Northern New South Wales, testing twelve targets. Nine of these targets are porphyry targets, two are intrusion-associated targets and one a mesothermal vein target. It is highly encouraging to report that seven targets have returned significant alteration and minor copper mineralisation which warrant follow up drilling. These priority targets comprise Macquarie, Trangie, Myallmundi, Melmiland, Boggy, Nine Mile and Mungeribar. Twelve of the Northern New South Wales targets remain to be tested by first pass drilling.

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