Infinity Mining Limited has reported promising new assay results from its Sir Walter Scott Gold prospect, part of its broader Cangai Project in northern New South Wales. In July 2025, the company collected twelve rock chip samples along a 1 km stretch of a northwest-trending structural corridor. Nine of these samples returned gold grades above 1 gram per tonne, with one notable sample recording an impressive maximum grade of 68.6 grams per tonne. The technical team highlighted that these new assays are in line with historical anomalous gold results previously reported for the area, adding weight to the prospect’s potential. The Sir Walter Scott site, historically significant for gold production in the late 1800s from a small ore body averaging around 25 g/t, is positioned approximately 3 kilometers south of the former Cangai Copper Mine and is in close proximity to Novo Resources’ John Bull Gold Project. The mineralisation is hosted within quartz-sulphide veins and steeply dipping chloritic shear zones, with associated minor sulphides including pyrite, galena, and sphalerite. Analysts noted key assay highlights from laminated quartz zones, reinforcing the notion that the structure could be part of a larger Intrusion Related Gold System, a hypothesis also considered for neighboring prospects. Infinity Mining’s managing director expressed strong optimism regarding the high-grade assay results, emphasizing that the outcome has elevated Sir Walter Scott as an additional priority target. The company plans to return to the site in the coming months for more detailed geological mapping and surface geochemical surveys, which aim to further delineate the extent and nature of the gold mineralisation. From a bullish perspective, the outstanding assay grades and the consistency with historical data suggest significant exploration upside, potentially enhancing investor confidence and opening avenues for a broader gold discovery in a geologically compelling corridor. The proximity to other successful projects in the region adds to the overall positive narrative, indicating that foundational work is aligning with a promising regional gold trend. Conversely, from a bearish standpoint, the early stage of exploration and reliance on limited, non-systematic rock chip sampling mean that substantial risks remain. The sampling, while indicative, does not yet provide a complete picture of the mineral resource potential, and further drilling and detailed structural analysis are required to confirm the scale and economic viability of the deposit. Investors should be mindful that exploration outcomes are inherently uncertain, and initial positive results may not always translate into a fully developed resource. Overall, the new assay findings at Sir Walter Scott provide an intriguing glimpse into the potential of Infinity Mining Limited’s asset portfolio, balancing encouraging high-grade results against the typical risks associated with early-stage exploration.