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Highlights
- Infinity Stone has optioned the Sugar Loaf and Little Dipper lithium projects, collectively covering 38,441 hectares.
- The Sugar Loaf Project covers 22,195 hectares, located approximately 15 kilometres from Sigma Lithium’s Grota do Cirilo Project, located in the state of Minas Gerais, Brazil.
- The Little Dipper Project covers 16,246 hectares, located approximately 10 kilometres from Oceana’s Solonopole Lithium Project in the state of Ceará, Brazil.
Vancouver, BC – February 7, 2023 – Infinity Stone Ventures Corp. (CSE:GEMS) (OTCQB:GEMSF) (FSE:B2I) (the “Company” or “Infinity Stone”), is pleased to announce that it has optioned the 38,441-hectare Sugar Loaf and Little Dipper Lithium Projects (the “Sugar Loaf Project” and “Little Dipper Project”, respectively; collectively, the “Projects”). The Sugar Loaf Project is located 15 kilometres from both Sigma Lithium Resources’ (“Sigma Lithium”) (NASDAQ:SGML) Grota do Cirilo Project and Lithium Ionic Inc’s (“Lithium Ionic”) (TSXV:LTH) Itinga Project in the state of Minas Gerais, Brazil. The Little Dipper Project is located in the state of Ceará, approximately 10 kilometres from Oceana Lithium Ltd.’s (“Oceana”) (ASX:OCN) Solonopole Lithium Project. The Sugar Loaf Project comprises 13 exploration permits, while the Little Dipper Project comprises 9 exploration permits. (Figures 1 & 2).
The Sugar Loaf and Little Dipper Projects were optioned on the basis of perceived geological potential from known mineralized trends. Both Minas Gerais and Ceará have become regions of interest for hard rock lithium exploration, with a number of early and later stage exploration companies active in the region, as well as companies much closer to production such as Sigma Lithium. Brazil has been recognized as one of the world’s major high-grade lithium producers. For example, LG Energy Solutions (“LG”) recently secured a 6-year offtake agreement with Sigma’s subsidiary Brazilian Sigma Mineração SA. LG is a battery supplier to multiple EV companies, including Tesla Inc. (NASDAQ:TSLA).
Sigma’s properties are located in the municipalities of Araçuaí and Itinga, in Brazil’s mining-friendly Minas Gerais State, approximately 450 kilometres northeast of the state capital of Belo Horizonte. Sigma holds 27 mineral rights in four properties spread over 191 square kilometres (19,100 hectares), which include nine past-producing lithium mines.
Figure 1: Sugar Loaf Project Area Map
Figure 2: Little Dipper Project Area Map
Infinity Stone intends to conduct a satellite imagery-based spectral analysis to determine areas of interest for targeted exploration. Following this, the Company intends to mobilise an exploration team immediately to the Projects to conduct initial groundwork, including grab and channel sampling, trenching, and mapping. There will be a focus on identifying pegmatites across the claim blocks that have the potential for lithium-cesium-tantalum (LCT) mineralization.
The Company notes that mineralization hosted on adjacent and/or nearby and/or geologically similar properties is not necessarily indicative of mineralization hosted on the Company’s properties.
Option Terms
Pursuant to an option agreement (the “Option Agreement”) dated February 2, 2023 between the Company and Talisman Venture Partners Ltd. (“Talisman”), the Company has been granted an option to acquire the Projects upon: (i) payment of $50,000 on execution (paid), $100,000 within 30 days of execution and $150,000 within 180 days of execution; and (ii) issuance of 4,000,000 class A subordinate voting shares (“Shares”) of the Company within 30 days of execution and 4,000,000 Shares within 180 days of execution. Upon the Company earning in under the Option Agreement, Talisman will retain a 1% net smelter royalty (NSR) over the Projects, half of which may be repurchased by the Company for $1,000,000 within 90 days of the public filing of a bankable feasibility study respecting the Projects.
Stock Option Issuance & Marketing Engagement
Infinity Stone has retained Machai Capital Inc. (“Machai”) to provide digital marketing services (the “Engagement”). Machai will provide certain digital marketing services in compliance with the policies and guidelines of the Canadian Securities Exchange and other applicable legislation.
The Engagement has an initial term of six months, Machai will receive $80,000 in cash plus applicable taxes and be issued 400,000 stock options at an exercisable price of $0.25 for a 5-year term.
Machai is at arm’s length to Infinity Stone and has no other relationship with the company except pursuant to the Engagement.
Qualified Person
Technical information in this news release has been reviewed and approved by Case Lewis, P.Geo., a “Qualified Person” as defined under NI 43-101 Standards of Disclosure for Mineral Projects and a director of the Company.
About Infinity Stone Ventures
Infinity Stone’s mission is to be a diversified, single source supplier for the critical energy metals being used in the clean energy revolution alongside its established SaaS solution portfolio. Infinity Stone is meeting the demand from battery and wind turbine manufacturers, nuclear and hydrogen energy producers, and energy metals speculators by acquiring 100% interest in critical mineral deposits and occurrences in stable mining-friendly jurisdictions, close to final use destinations in North American manufacturing hubs.
To register for investor updates please visit https://infinitystone.ventures.
Connect with Infinity Stone
Email | Website | Facebook | LinkedIn | Twitter | Instagram |
Infinity Stone Contact
Zayn Kalyan
CEO and Director
Direct: 778-938-3367
zayn@altuscapital.ca
The Canadian Securities Exchange has not reviewed, approved or disapproved the content of this news release.
Forward Looking Statements Disclaimer
This press release contains “forward-looking information” within the meaning of applicable securities laws. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the use of words such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “projects”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements. Although forward-looking statements contained in this press release are based upon what management of Company believes are reasonable assumptions, there can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The forward-looking statements may also be affected by risks and uncertainties in the business of the Company, including those described in the Company’s public filings available on www.SEDAR.com. The Company undertakes no obligation to update forward-looking statements if circumstances or management’s estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements.
SOURCE: Infinity Stone Ventures Corp.
Highlights
- Infinity Stone expands its land position to over 5,546 hectares, as well as a pending application for two additional claims in James Bay Lithium District adjacent to and near Patriot Battery Metals Corvette discovery.
- Further exploration and project expansion is being conducted in the context of the new discovery and significant drilling results from PMET and Winsome in the Corvette Lithium Trend in James Bay, QC.
Vancouver, BC – January 31, 2023) – Infinity Stone Ventures Corp. (CSE: GEMS) (OTCQB: GEMSF) (FSE: B2I) (the “Company” or “Infinity Stone“), is pleased to announce that it has acquired and staked an additional 359 hectares, as well as a pending application for two additional claims (the “New Claims“) on its Camaro Hellcat Lithium Project (the “Camaro Hellcat Project“), with claim blocks adjacent to Patriot Battery Metals’ (“PMET” or “Patriot“) Corvette Project in the James Bay Region of Quebec, bringing its total land position to 5,546 hectares in addition to the currently pending cells. The New Claims include historical surface samples returning 57ppm Li, sampled and assayed in 2016, and a 30ppm Li sample in 1997 (the “Historic Samples“).1 The Historic Samples were found to the west of Winsome Resources Cancet Project and PMET’s Corvette Lithium Project, north of the Taiga Highway. There are at least 4 historical mapped pegmatites on the New Claims, and the Company intends to conduct further exploration to identify any other potential pegmatites that may be found on the New Claims.
The New Claims are also located near Winsome Resources Ltd.’s (“Winsome”) Cancet discovery drill hole (the “Cancet Property”). Winsome’s best results at Cancet have included 1 metre at 5.65% Li2O from 36.5 metres and six metres at 1.95% Li2O from 36.45 metres.2 Furthermore, the New Claims are adjacent to a number of claims currently held by Jody Dahrouge, President and Owner of Daroughe Geological Consulting Ltd., a consultant and contractor to PMET. PMET has recently announced that it had drilled 52.2 metres of 3.34% LI2O, including 15.0 metres of 5.10% LI2O.
Infinity Stone intends to conduct a focused exploration program on the Hellcat claim block, alongside an initial prospecting program on the New Claims, in the early spring and will leverage the results of the Winter Geophysics Program announced on January 19, 2023 in targeting sampling and trenching. The Survey will further enable the mapping and delineation of the pegmatitic units across the claim blocks.
“We are excited to further expand the Hellcat Camaro Project in James Bay near Patriot’s Corvette discovery. As the spring exploration season rapidly approaches, we are renewing our focus on the project and are actively evaluating new claim blocks that are adjacent and near the current project footprint,” said Zayn Kalyan, CEO of Infinity Stone. “The James Bay region, specifically the CV lithium trend discovered by PMET, is quickly becoming the epicentre of lithium exploration in North America and we are excited to have a prospective land package in the region. We are looking forward to being able to get back on the ground with more data following our geophysics program to conduct a renewed and focused exploration program,” furthered Mr. Kalyan.
Terms of Acquisition
Pursuant to the acquisition of 100% interest in 154 hectares of the New Claims, the Company has agreed to (i) paying $6,000 in cash and issuing 200,000 subordinate voting shares (“Shares“) of the Company to the claim vendor Donovan Explorations Ltd.
About the Hellcat Camaro Lithium Project
The 5,546-hectare Hellcat Camaro Lithium Project is located adjacent to Patriot Battery Metals’ Corvette Property, in the James Bay Region of Quebec, approximately 235 kilometres east of Radisson, Quebec and 245 kilometres northeast of the Cree village municipality of Nemaska. The Project has four property blocks, the Taiga, Hellcat, and Camaro, collectively covering 3,850 hectares adjacent to Patriot Battery Metals’ Corvette Lithium discovery in the James Bay Region of Quebec. PMET has recently returned significant high-grade results at the Corvette Lithium Project, including 156.9 m at 2.12% Li2O (176.4 m to 333.4 m), including 25.0 m at 5.04% Li2O (CV22-083).1
Qualified Person
Technical information in this news release has been reviewed and approved by Case Lewis, P.Geo., a “Qualified Person” as defined under NI 43-101 Standards of Disclosure for Mineral Projects and a director of the Company.
About Infinity Stone Ventures
Infinity Stone’s mission is to be a diversified, single source supplier for the critical energy metals being used in the clean energy revolution alongside its established SaaS solution portfolio. Infinity Stone is meeting the demand from battery and wind turbine manufacturers, nuclear and hydrogen energy producers, and energy metals speculators by acquiring 100% interest in critical mineral deposits and occurrences in stable mining-friendly jurisdictions, close to final use destinations in North American manufacturing hubs.
To register for investor updates please visit https://infinitystone.ventures.
Connect with Infinity Stone
Email | Website | Facebook | LinkedIn | Twitter | Instagram |
Infinity Stone Contact
Zayn Kalyan
CEO and Director
Direct: 778-938-3367
zayn@altuscapital.ca
The Canadian Securities Exchange has not reviewed, approved or disapproved the content of this news release.
Forward-Looking Statements Disclaimer
This press release contains “forward-looking information” within the meaning of applicable securities laws. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the use of words such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “projects”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements. Although forward-looking statements contained in this press release are based upon what management of Company believes are reasonable assumptions, there can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The forward-looking statements may also be affected by risks and uncertainties in the business of the Company, including those described in the Company’s public filings available on www.SEDAR.com. The Company undertakes no obligation to update forward-looking statements if circumstances or management’s estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements.
1 https://sigeom.mines.gouv.qc.ca/signet/classes/I1103_index?format=COMPLET&type_reqt=U&mode=NOUVELLE&l=F&entt=ER&alias_table_crit=ERS&mnen_crit=NUMR_INTER&oper_crit=EGAL&valr_crit=2016066268
https://sigeom.mines.gouv.qc.ca/signet/classes/I1103_index?format=COMPLET&type_reqt=U&mode=NOUVELLE&l=F&entt=ER&alias_table_crit=ERS&mnen_crit=NUMR_INTER&oper_crit=EGAL&valr_crit=1997015908
2 https://www.theassay.com/news/winsome-identifies-high-grade-lithium-intersections-in-initial-cancet-assay-results/
SOURCE: Infinity Stone Ventures Corp
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About Infinity Stone Ventures Corp.
Searching for Hidden Gems to Power the Green Revolution
Infinity Stone’s mission is to be a one-stop-shop, single source supplier for the critical energy metals being used in the clean energy revolution. Infinity Stone is meeting the demand from battery and wind turbine manufacturers, nuclear and hydrogen energy producers, and energy metals speculators by acquiring 100% interest in critical mineral deposits and occurrences in stable mining-friendly jurisdictions, close to final use destinations in North American manufacturing hubs.
Infinity Stone’s management believes that with systematic and modern exploration techniques, combined with rapidly emerging macro-economic initiatives, several economic energy metal mineral deposits will be developed in North America, ultimately leading to a cleaner and greener future.
Rockstone Graphite Deposit
Thunder Bay, Ontario
Infinity Stone’s Rockstone Graphite Deposit covers approximately 785 hectares 50 kilometres west of the City of Thunder Bay, Ontario Canada. Claims comprising the property (28 core cells and 10 outlying cells) have paved/gravel road access with nearby railways and are located 50 kilometres to a shipping port.
PAK South & PAK Southeast
Thunder Bay, Ontario
The PAK South and PAK Southeast properties cover 1383 hectares, respectively, and cover several pegmatite units identified in regional mapping by the Ontario Geological Survey (OGS). The Properties are adjacent to Frontier Lithium’s (TSX.V:FL) PAK Lithium Project, which includes two lithium deposits, the Spark Deposit and PAK Deposit, as well as two other prospects.
Zen-Whoberi
Future Projects
Infinity Stone’s Zen-Whoberi Project, located 30 km north of Mont-Laurier, Quebec, Canada, was discovered by Surface Survey and Beep Mat Survey in 2004 and covers 352 hectares. Mineralization primarily occurs with chalcopyrite, bornite, pyrite, and pyrrhotite, along with massive sulphides. Surveys discovered high-grade copper in sulphide areas and previous excavations have discovered additional findings such as gold, platinum, and palladium discovered.
Camaro Project
Future Projects
The Camaro Property, adjacent to Patriot Battery Metals Lithium Discovery (CSE:PMET), has staked 6 additional mineral claims, covering 308 hectares in the James Bay region in Quebec. This brings the Camaro’s Property’s total land position to 359 hectares.
Field conditions are currently being assessed in the James Bay region and assembling a technical team to visit the ground adjacent to Patriot, when weather conditions permits. The Company intends to pursue further exploration of the claim this summer.
Taiga Project
Future Projects
The Camaro Property, adjacent to Patriot Battery Metals Lithium Discovery (CSE:PMET), has staked 6 additional mineral claims, covering 308 hectares in the James Bay region in Quebec. This brings the Camaro’s Property’s total land position to 359 hectares.
Field conditions are currently being assessed in the James Bay region and assembling a technical team to visit the ground adjacent to Patriot, when weather conditions permits. The Company intends to pursue further exploration of the claim this summer.
Hellcat Project
Future Projects
The Camaro Property, adjacent to Patriot Battery Metals Lithium Discovery (CSE:PMET), has staked 6 additional mineral claims, covering 308 hectares in the James Bay region in Quebec. This brings the Camaro’s Property’s total land position to 359 hectares.
Field conditions are currently being assessed in the James Bay region and assembling a technical team to visit the ground adjacent to Patriot, when weather conditions permits. The Company intends to pursue further exploration of the claim this summer.
Galaxy Project
Antoine-Labelle County, Quebec
The Galaxy Pegmatite Project covers 22 mineral claims and 2 pending claim applications covering 1,411 hectares in southern Quebec, approximately 45 kilometres northwest of Mont-Laurier, Quebec and 140 kilometres north of the city of Gatineau, Quebec. There is excellent access to all parts of the Property from road La Vérendrye 13, via the Trans-Canada Highway (Hwy QC-117), which traverses roughly through the middle of the Property.
Thor Project
Magdalen Islands, Quebec
- Property is highly prospective for manganite
- Historical report identifies 10 diamond drill holes completed by Quebec Manganese Mines Limited
- Drillhole #4 yielded 29.56% MnO2 over 4.9 metres
- Drillhole #6 yielded 18.73% MnO2 over 8.2 metres
- Drillhole #9 yielded 13.96% MnO2 over 4.0 metres
- Further examinations to verify historical results
Buda Project
Thunder Bay, Ontario
The Buda Pegmatite Property covers approximately 1203 hectares 50 kilometres west of Thunder Bay, Ontario, and has been historically surveyed to contain seven rare metal pegmatites. The claim group at Buda consists of 68 mining cells which is accessible along highway 11-17 via a bush road to the historic railway siding of Buda Station. Historic sample data reveals economically-interesting values of lithium, cesium, tantalum, niobium, and rubidium.
Disclaimer
FN Media Group LLC (FNMG) owns and operates FinancialNewsMedia.com (FNM) which is a third party publisher that disseminates electronic information through multiple online media channels. FNMG’s intended purposes are to deliver market updates and news alerts issued from private and publicly trading companies as well as providing coverage and increased awareness for companies that issue press to the public via online newswires. FNMG and its affiliated companies are a news dissemination and financial marketing solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNMG’s market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. The companies that are discussed in this release may or may not have approved the statements made in this release. Information in this release is derived from a variety of sources that may or may not include the referenced company’s publicly disseminated information. The accuracy or completeness of the information is not warranted and is only as reliable as the sources from which it was obtained. While this information is believed to be reliable, such reliability cannot be guaranteed. FNMG disclaims any and all liability as to the completeness or accuracy of the information contained and any omissions of material fact in this release. This release may contain technical inaccuracies or typographical errors. It is strongly recommended that any purchase or sale decision be discussed with a financial adviser, or a broker-dealer, or a member of any financial regulatory bodies. Investment in the securities of the companies discussed in this release is highly speculative and carries a high degree of risk. FNMG is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. This release is not without bias, and is considered a conflict of interest if compensation has been received by FNMG for its dissemination. To comply with Section 17(b) of the Securities Act of 1933, FNMG shall always disclose any compensation it has received, or expects to receive in the future, for the dissemination of the information found herein on behalf of one or more of the companies mentioned in this release. For current services performed FNMG has been compensated forty five hundred dollars for current news coverage by a non-affiliated third party. FNMG HOLDS NO SHARES OF Infinity Stone Ventures Corp.
This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNMG undertakes no obligation to update such statements.