Infinity Stone Ventures’ Fall drill program has returned thick intercepts of graphite at its Rockstone graphite project near Thunder Bay in Ontario, Canada.

Notable results are 101m grading 3.36% total carbon in graphite (Cg) and 0.13% zinc in hole RS-22-03 that include a high grade zone of 4.32m at 21.96% Cg and 0.78% zinc and 14m, 14m at 10.86% Cg and 0.42% zinc at hole RS-22-04 and 4.83m at 15.68% Cg and 0.56% zinc.

The company noted that all drill holes from the Fall drill program returned elevated graphite levels with significant mineralisation and grade comparable with drill results from other graphite discoveries such as Nouveau Monde Graphite’s Matawinie Mine.

With global graphite supply experiencing growing deficits which are expected to persist through 2025, the discovery is potentially very lucrative for the company.

“The results of the Fall drill program have affirmed the prospective value of the Rockstone

Graphite Project and have allowed us to compare Rockstone to significant graphite discoveries, including Nouveau Monde’s Matawinie Project,” chief executive officer Zayn Kalyan said.

“Nouveau Monde has paved the way in terms of the development of natural graphite in Eastern Canada for the production of battery-grade cathode material used in the manufacturing of EVs.

“Their recently announced offtake deal with Panasonic Energy and Mitsui, a key supplier of batteries to Tesla, demonstrates the potential value of Canadian graphite projects in the rapidly growing North American battery supply chain.”

Rockstone graphite

The 785ha Rockstone graphite project is just 45km west of the seaway port at Thunder Bay and has excellent infrastructure including logging haul roads providing access which connect to paved/gravel roads with nearby railways and a shipping port.

Even before Infinity Stone Venture’s highly encouraging results, the project included a discovery hole that returned a fabulous 24m intersection grading 25% graphite.

Rockstone also features natural graphite which already possess the spherical shape of the graphite used in batteries while metallurgy has thus far achieved a 96.1% purity, which the company is actively working to get to 99.8%.

Other activity at Infinity Stone’s Project, adjacent to Patriot Battery Metals (ASX:PMT)

Earlier this month, the company flagged its plan to carry out an airborne magnetic gradiometer survey at the Camaro Hellcat lithium project, which is adjacent to Patriot Battery Metals’ Corvette lithium discovery.

Its interest can easily be traced to the recent 156.9m drill intercept grading 2.12% Li2O at the CV5 pegmatite, which has been traced over a 2.2km strike length, within Corvette.

Infinity Stone Ventures says the survey will increase its understanding of the regional geology to inform future prospecting and drill targets.

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.