Infinity Stone Ventures Corp (CSE:GEMS) announced that it has discovered “economically-encouraging” rubidium, beryllium, and lithium mineralization in Fall 2022 surface and channel sampling of its Buda lithium project near Thunder Bay, Ontario, which included assays of up to 367 parts per million (ppm) lithium, 2,090 ppm rubidium, and 4,200 ppm beryllium, and channel samples up to 1,408 ppm rubidium over four metres.
The company said a total of 32 grab samples and 23 channel samples were collected from the property and sent for multi-element analysis.
"We are very happy with the initial results from the Buda Project returning all the pathfinder indications of a mineralized LCT (lithium-cesium-tantalum) pegmatite,” Infinity Stone Ventures CEO Zayn Kalyan said in a statement.
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Infinity Stone noted that it has received exploration permits from the Ontario Ministry of Mines and intends to begin a diamond drill program immediately to test pegmatite layers perpendicular to outcrop zones.
The company added that it anticipates having pre-drill surveying of roads, trails and pads completed by November 30, 2022, with mobilisation of drill equipment following immediately thereafter.
The Buda Pegmatite is classified as a rare metal LCT pegmatite, which is characteristically enriched in lithium, cesium, tantalum, beryllium, rubidium, niobium, and tin, according to the company.
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 Sean at sean@proactiveinvestors.com