Infinity Stone picks up Canadian exploration ground so close to high grade pegmatites you could hit them with a nine-iron
In Canada’s far flung Northwest Territories, Infinity Stone Ventures has struck a new agreement to tackle a lithium project less than 100m from a major new pegmatite discovery.
Infinity Stone Ventures (CSE:GEMS), which owns a host of battery metals exploration sites across Canada, has headed north to the Shorty West project, picking up 410 hectares across two claim blocks prospective for pegmatite hosted spodumene.
Nearby peer LiFT Power has returned 1.07% Li2O in channel sampling in the Hi Pegmatite at its Yellowknife project just 83m from Shorty West, a distance shorter than a football field.
Yellowknife contains numerous spodumene-bearing pegmatites with strike lengths ranging from 100m to 1800m, the bulk of them visible at surface from satellite imagery.
Channel sampling has produced average grades from 1.1-1.59% Li2O over widths of 7-40m.
“We are excited about the potential of the Shorty West Project and plan to conduct further exploration and analysis to fully assess the Project’s potential. The proximity to Li-FT Power’s project and their high-grade results from historic channel sampling give us confidence in the potential of the Shorty West Project” Infinity Stone CEO Zayn Kalyan said.
“We look forward to updating shareholders on our plans for the Project as more information becomes available.”
The Shorty West acquisition will see Infinity Stone offload just C$17,500 in cash and issued 600,000 subordinate voting shares in the company to the project vendor, held on statutory four month restrictions.
Making the deal even better, it has in the same agreement acquired claims totalling around 354 hectares adjacent to its Zen-Whoberi project.
Infinity Stone announced the return of 15.5% copper in grab sampling from Zen-Whoberi back in September.
It also owns the Taiga, Hellcat and Camaro property blocks over nearly 4000 hectares in the hot James Bay region of Quebec, where lithium exploration recently kicked off next to the Corvette discovery, owned by Ken Brinsden’s Patriot Battery Metals.
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.