Highlights
- Infinity Stone expands its land position to over 3,850 hectares, with 21 historically mapped pegmatites, in James Bay Lithium District adjacent to Patriot Battery Metals Corvette discovery.
- New ground has 12 historically mapped pegmatites on the expanded Taiga Project and newly staked Hellcat Project.
- 5 newly identified, historically mapped, pegmatites on the Camaro Project.
- PMET's CV8 pegmatite, with grab samples averaging 4.6% Li2O, is located 1,400 metres north of Infinity Stone's property group. The newly discovered CV13 pegmatite cluster is located 1,500 metres north of the property group.
Vancouver, British Columbia--(Newsfile Corp. - September 7, 2022) - Infinity Stone Ventures Corp. (CSE: GEMS) (OTC Pink: TLOOF) (FSE: B2I) (the "Company" or "Infinity Stone"), is pleased to announce that it has acquired, through staking, an additional 2,568 hectares near Patriot Battery Metals Corvette Project in the James Bay Region of Quebec.
The additional land comprises two blocks covering 1,540 and 1,028 hectares, respectively. The northwestern block is contiguous with the southern boundary of Infinity Stone's Taiga Project, while the Hellcat Project is located 8.7 kilometres southeast of Infinity Stone's Camaro Project. The newly acquired area hosts an additional 12 historically-mapped pegmatite occurrences, with 11 appearing in the southeastern Hellcat Project. The Company has also identified 5 additional, historically mapped pegmatites on the Camaro Project. Infinity Stone has recently mobilized a team to the Project and intends to provide further updates on this in the immediate future.
"Infinity Stone is aggressively expanding our footprint in the rapidly evolving James Bay Lithium District through the staking of additional claims that have strategic exploration potential," said Zayn Kalyan, CEO of Infinity Stone. "With the addition of the Hellcat, alongside the newly identified pegmatites on the Camaro, the coming months will be very active on the exploration front," furthered Mr. Kalyan.
Figure 1. Property Location
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Infinity Stone's project group is located adjacent to Patriot Battery Metals' Corvette Property, in the James Bay Region of Quebec, approximately 235 kilometres east of Radisson, Quebec and 245 kilometres northeast of the Cree village municipality of Nemaska. The northern edge of the property group is located approximately 15 kilometres south of the Trans-Taiga road and transmission line. The region has been historically explored for its rich gold, copper, silver, base metal and PGE deposits.
Patriot Battery Metals ("Patriot") has been conducting grassroots exploration on the gold, copper, silver, molybdenum and PGE showings across the FCI and Corvette properties for several years. In 2017, Patriot discovered the CV Lithium Trend.
The CV Lithium Trend is an emerging lithium-bearing pegmatite district that spans Patriot's Corvette Property with a reported length of over 25 kilometres, remaining open further along strike. This new discovery on the Corvette Property has been attributed to the fact that previous historical work has never specifically targeted lithium.(1)(2)
Four grab samples taken from the CV8 showing on the Corvette Property, located approximately 1,400 metres north of Infinity Stone's Taiga Project, averaged 4.6% Li2O.(2)
In 2019, a work program on the Corvette Property identified several new high grade copper-gold mineralized areas located 700 to 1,500 metres north of the Taiga Project. Through limited exploration, Patriot also identified seven "well mineralized" new lithium occurrences (CV5 - CV11).(3)
References
(1) Patriot Battery Metals News Release Dated Aug 11, 2022. "Patriot Discovers New Lithium Pegmatite Cluster On-Trend with the CV5 Pegmatite and Samples 3.73% Li2O, Corvette Property, Quebec".
https://patriotbatterymetals.com/patriot-discovers-new-lithium-pegmatite-cluster-on-trend-with-the-cv5-pegmatite-and-samples-3-73-li2o-corvette-property-quebec/
(2) Patriot Battery Metals Website, retrieved Aug 29, 2022. Corporate Presentation (July 2022).
https://patriotbatterymetals.com/wp-content/uploads/2022/07/220718-1-PatriotBatteryMetals-_-website-2022_FINAL.pdf
(3) Patriot Battery Metals (as 92 Resources Corp.) News Release Dated Sep 24, 2019. "92 Resources Corp. Samples 4.72% Li2O and Announces Multiple Discoveries of High-grade Lithium-Pegmatite at Corvette-FCI, Quebec"
Qualified Person
Technical information in this news release has been reviewed and approved by Case Lewis, P.Geo., a "Qualified Person" as defined under NI 43-101 Standards of Disclosure for Mineral Projects and a director of the Company.
About Infinity Stone Ventures
Infinity Stone's mission is to be a diversified, single source supplier for the critical energy metals being used in the clean energy revolution alongside its established SaaS solution portfolio. The Company's primary business units include HealthCheck (Stratum Health Technologies LLC) and its energy metals portfolio. Infinity Stone is meeting the demand from battery and wind turbine manufacturers, nuclear and hydrogen energy producers, and energy metals speculators by acquiring 100% interest in critical mineral deposits and occurrences in stable mining-friendly jurisdictions, close to final use destinations in North American manufacturing hubs.
To register for investor updates please visit https://infinitystone.ventures.
Infinity Stone Contact
Zayn Kalyan
CEO and Director
Direct: 778-938-3367
zayn@altuscapital.ca
The Canadian Securities Exchange has not reviewed, approved or disapproved the content of this news release.
Forward-Looking Statements Disclaimer
This press release contains "forward-looking information" within the meaning of applicable securities laws. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "projects", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements. Although forward-looking statements contained in this press release are based upon what management of Company believes are reasonable assumptions, there can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The forward-looking statements may also be affected by risks and uncertainties in the business of the Company, including those described in the Company's public filings available on www.SEDAR.com. The Company undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements.
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