Infinity Stone Ventures Corp (CSE:GEMS) told investors it has completed its four-hole, 800 metre (m), fall drilling program at the Rockstone graphite project near ThunderBay, Ontario, and hit massive graphite in all holes.
The initial aim was to confirm the initial discovery hole, which intercepted 25% graphite over 24m and the work means the overall strike length of the Rockstone graphitic unit is now around 80m and remains open along strike.
"We are very pleased with the initial results from our fall drill program on the Rockstone graphite project. With visible graphite intercepts in all 4 holes, we have a much better understanding of the graphitic structure and will be better able to determine next steps in exploration of this prospective project," Zayn Kalyan, the CEO of Infinity Stone, said in a statement.
READ: Infinity Stone Ventures updates on fall drill program at its Rockstone Graphite project
"Following the anticipated return of core assays, our intended next steps will be to conduct downhole geophysics, with the intention to do further drilling thereafter," he added.
"Graphite is continually gaining more recognition as a key material in the production of the lithium-ion battery anodes, and we believe that supply will continue to tighten, particularly in the face of seasonal decline in production in China."
One of the step-out holes hit a 10.9m interval of semi-massive to massive graphite between 86m and 96.9m, directly adjacent to an 8.8m interval of massive sulphides from 77.2 to 86.0 metres, successfully extending the previously-announced graphite zone identified in a previous hole northward, the firm noted.
The Rockstone asset lies just 45 km west of the seaway port at Thunder Bay and has excellent access by logging haul roads.
Based upon a reprocessed survey completed by Sabina Silver Corp in 2007, there are 18 drill-ready electromagnetic targets, while Greencastle's drilling in 2012 consisted of four diamond drillholes (916 metres). One hole intersected a 24 metre interval averaging 0.82% zinc and 0.15% copper within a graphitic argillite unit.
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.
Contact the writer at giles@proactiveinvestors.com