Infinity Stone Ventures Corp (CSE:GEMS) announced that it has acquired and staked an additional 359 hectares, as well as a pending application for two additional claims on its Camaro Hellcat lithium project, with claim blocks adjacent to Patriot Battery Metals' Corvette lithium project in the James Bay region of Quebec.
The company noted that the additional hectares bring its total land position to 5,546 hectares in addition to the currently pending cells. The new claims include historical surface samples returning 57 parts per million (ppm) lithium (Li), sampled and assayed in 2016, and a 30ppm Li sample in 1997, it added.
"We are excited to further expand the Hellcat Camaro project in James Bay near Patriot's Corvette discovery,” Infinity Stone CEO Zayn Kalyan said in a statement. “As the spring exploration season rapidly approaches, we are renewing our focus on the project and are actively evaluating new claim blocks that are adjacent and near the current project footprint.”
READ: Infinity Stone Ventures to conduct airborne geophysics survey at Camaro Hellcat lithium project in Quebec
The historic samples were found to the west of Winsome Resources Cancet Project and Patriot’s Corvette project, north of the Taiga Highway. There are at least four historically mapped pegmatites on the new claims, and Infinity Stone said it intends to conduct further exploration to identify any other potential pegmatites that may be found on the new claims.
The company noted that Winsome's best results at Cancet have included 1 metre (m) at 5.65% lithium oxide (Li2O) from 36.5m and 6m at 1.95% Li2O from 36.45m.
Furthermore, it said the new claims are adjacent to several claims currently held by Jody Dahrouge, president and owner of Daroughe Geological Consulting Ltd, a consultant and contractor to Patriot Battery Metals. Patriot has recently announced that it had drilled 52.2m of 3.34% LI2O, including 15m of 5.10% LI2O, it added.
Infinity Stone said it intends to conduct a focused exploration program on the Hellcat claim block, alongside an initial prospecting program on the new claims, in the early spring and will leverage the results of the winter geophysics program announced on January 19, 2023, in targeting sampling and trenching. The survey will further enable the mapping and delineation of the pegmatitic units across the claim blocks, it said.
"The James Bay region, specifically the CV lithium trend discovered by PMET (Patriot Battery Metals), is quickly becoming the epicentre of lithium exploration in North America and we are excited to have a prospective land package in the region,” Kalyan continued. “We are looking forward to being able to get back on the ground with more data following our geophysics program to conduct a renewed and focused exploration program.”
Infinity Stone’s mission is to be a diversified, single-source supplier of the critical energy metals being used in the clean energy revolution, alongside its established Software-as-Service solution portfolio.
Contact the author at stephen.gunnion@proactiveinvestors.com