Infinity Stone bulks up Zen-Whoberi copper project
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Infinity Stone Ventures has expanded its land position at the Zen-Whoberi copper project in Quebec after an airborne magnetic survey identified several new anomalous zones.
The survey covered over 570km on a line spacing of 100m, narrowing down to 25m spacing over and around the geochemical soil sampling grid completed by the company during the summer of 2022.
This identified several new anomalous zones coincident with soil sampling anomalies, as well as several parallel east-northeast to west-southwest trending structures at the newly expanded and previously unexplored northern part of the project.
As a result of this, the company has staked out an additional 15 claims – three of which are still under application – covering a total of 706 hectares to the northeast of the project.
“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,” chief executive officer Zayn Kalyan said.
“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.”
With the inclusion of the new claims, Zen-Whoberi now covers 4,561 hectares of ground just 30km north of Mont-Laurier, with easy access to a nearby power line and other critical infrastructure.
Copper mineralisation primarily occurs with chalcopyrite, bornite, pyrite, and pyrrhotite, along with massive sulphides while anomalous levels of old, platinum, and palladium have also been observed.
Historical drilling focused primarily on outcrops and returned significant intercepts including 22.8m grading 0.57% copper, 1.1g/t gold over 1.2m and 0.8g/t platinum over 1.6m while several trench samples yield up to 5.07% copper, 0.59g/t gold, 3.9g/t platinum and 0.2g/t palladium.
While there has been volatility in the price of copper in the short-term, the company still expects demand and prices to increase due to current macro-economic trends.
This article was developed in collaboration with Infinity Stone Ventures, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.