Infinity Stone Ventures Corp (CSE:GEMS) said the fall exploration program at its Camaro and Hellcat Lithium Project was extremely successful in confirming historically mapped pegmatites and identifying new showings.
The company said 87 samples were collected over 3,850 hectares of claims at the project, which is adjacent to Patriot Battery Metals' Corvette Lithium Discovery in the James Bay Lithium District of Quebec. The samples have been shipped to the Saskatchewan Research Council lab in Saskatoon and assay results are expected in the coming weeks.
"We are excited to further our exploration efforts on the Hellcat-Camaro Project with the identification of pegmatites underlain by the Rouget greenstone, presenting parallels to the geology underlying Patriot's Corvette discovery and warranting further exploration," Zayn Kalyan, CEO of Infinity Stone said in a statement.
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"The progress made on our James Bay Property, alongside the ongoing exploration on our other assets, is timely given the rapid growth of the lithium and battery metal market over the past months. Nearly every day there is another announcement regarding expansion in the North American battery metals supply chain. Every major car manufacturer and battery manufacturer is in the process of building out infrastructure in Canada and the US, all in the context of considerable government support, including the recent announcement by the Biden administration of $2.8 billion in support for manufacturing and processing companies in the battery metals space," Kalyan added.
Significantly, the fall program identified a cluster of highly prospective pegmatitic dykes and cross-cutting structures near the northern margin of the Hellcat claims extending to the north, resulting in the company expanding its claim area.
The white, coarse-grained, pegmatite dykes in this area were mineralogically characterized by tourmaline, garnet, and muscovite which are common lithium-cesium-tantalum pegmatite indicator minerals in the district, the company said.
Infinity Stone is in the process of defining the next steps of its exploration program, including conducting a geophysical survey of the project ahead of a planned drill program in early 1Q 2023. With the increased infrastructure in the area, winter access and operability to the Corvette lithium trend have improved considerably, ultimately enabling winter drilling on the Camaro-Hellcat Project, the company added.
Infinity Stone’s mission is to be a diversified, single-source supplier of the critical energy metals used in the clean energy revolution, alongside its established Software-as-a-Service (SaaS) solution portfolio. The company's primary business units include HealthCheck (Stratum Health Technologies LLC) and its energy metals portfolio.
Contact the author at jon.hopkins@proactiveinvestors.com