Infinity Stone stakes 36 new claims to extend Galaxy Lithium in Quebec
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Infinity Stone Ventures has expanded the land position of its Galaxy Lithium project near Mont Laurier, Quebec, by staking 36 claims covering 2,114 hectares.
The new claim block, located north of the existing ground and extending for about 10km along the western edge of Lac Petawaga, was established to be prospective for lithium-caesium-tantalum pegmatites following the company’s September 2022 exploration program.
This program had included sampling, hand stripping, channel sampling, as well as blasting and the recovery of a 150kg bulk sample of pegmatite material.
“Infinity Stone is excited to expand our footprint at the Galaxy Project in Quebec,” chief executive officer Zayn Kalyan said.
“The Galaxy Project presents a highly prospective opportunity for lithium mineralization based upon historical reports, especially given its close proximity to infrastructure, ease of access, and low exploration and operating costs.”
The company intends to carry out additional exploration on the project – including the expanded area – by carrying out further sampling of the 30 pegmatite dykes mapped on the property, blasting, as well as prospective work ahead of a magnetic geophysical survey and drill program before the end of the year.
Its interest in lithium and graphite has been bolstered by Honda and LG Energy Solutions committing C$3.5bn ($4bn) to build their joint venture battery plant in Fayette County, Ohio.
The expansion comes as the company kicked off initial lithium exploration at its Camaro project group in Quebec’s James Bay region.
The Taiga, Hellcat and Camaro property blocks cover about 3,850ha of ground that are directly adjacent to Patriot Battery Metals’ (PMET) Corvette lithium discovery where drilling had returned hits such as 159.7m grading 1.65% lithium oxide and 193 parts per million tantalum and 70.1m at 2.22% lithium oxide and 147ppm tantalum.
Notably, PMET’s CV8 pegmatite, which featured grab samples averaging 4.6% lithium oxide, is just 1,400m north of the Taiga property block.
It has also listed its shares on the US OTCQB Venture Markets and engaged Foster Stockbroking to provide capital markets advisory services in relation to a proposed Australian Securities Exchange listing.
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.