Infinity Stone Ventures Corp (CSE:GEMS) described itself excited as data from its recently completed airborne magnetic survey for the Zen-Whoberi project, located north of Mont Laurier, Quebec, where it has identified several new anomalous zones.
As a result of its findings, the company has now expanded the project by staking an additional 15 claims, three of which are still pending application, bringing it to a total size of 4,561 hectares.
"With the completion and interpretation of the results at the Zen-Whoberi project we are excited to have identified multiple news zones of interest, alongside confirmation of magnetic anomalies within our focus zone, where we have previously conducted a soil sampling grid," CEO Zayn Kalyan said in a statement.
"The results of the program have warranted expansion of the project and we are looking forward to the next step of the exploration, including a targeted diamond drill program in the coming months.
“We are also looking for potential joint venture partners for the project, as a part of Infinity Stone's project generation model."
Kalyan added: "Copper is critical in fueling the energy transition and meeting the stated goals of international governments moving towards combatting climate change. It is often quoted that we will need to mine more copper in the next 30 years to meet climate goals than has been mined in human history.
“While there has been volatility in the price of copper over the immediate short-term, we are projecting that given current macro-economic trends, demand and price for copper will increase over the next 12-24 months."
The survey covered more than 570 line kilometres and was completed during the summer 2022 field season.