Infinity Stone Ventures (CSE:GEMS) Corp (formerly Contakt World Technologies Corp) has announced updates regarding its 100% acquisition of the PAK South and PAK Southeast claims, located approximately 170 kilometers (km) north of Red Lake, Ontario, in the Red Lake Mining Division.
Specifically, the PAK South and PAK Southeast properties cover 1,258 hectares and 158 hectares, respectively, and cover several pegmatite units identified in regional mapping by the Ontario Geological Survey (OGS).
The properties are also adjacent to Frontier Lithium (TSX-V:FL, OTCQX:LITOF)'s PAK Lithium Project, which includes two lithium deposits, the Spark Deposit and PAK Deposit, as well as two other prospects, the company said. In February, Frontier announced that it encountered "405 meters of 1.5% lithium oxide" at its Spark Deposit.
READ: Contakt World announces name change to Infinity Stone Ventures Corp
Additionally, Frontier’s PAK Deposit hosts a mineral resource in measured and indicated categories of 6.68 megatonnes (Mt) at 2.02% lithium oxide and inferred of 2.67 Mt at 2.29% lithium oxide, while the Spark Deposit hosts an indicated resource of 14.4 Mt at 1.40% lithium oxide and an inferred resource of 18.1Mt at 1.37% lithium oxide. Infinity Stone noted that it is unable to verify the information respecting results at these properties.
Going forward, the plan is to focus on locating the mapped pegmatitic units as identified by the OGS and dispatch a geological team to the newly acquired ground to initiate a field reconnaissance program as soon as weather conditions permit. The company said it will release an exploration plan prior to the commencement of work.
Contact Andrew Kessel at andrew.kessel@proactiveinvestors.com
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