- Infinity Stone (GEMS) has announced a winter drill program on Buda Lithium Project
- The program, scheduled to begin on December 5, follows the recovery of grab samples that returned samples with elevated Rb, Be, Li, Cs and Ta values
- The Buda Project is located 50 kilometres west of Thunder Bay, Ontario
- Infinity Stone Ventures Corp is engaged in the development of battery metals
- Infinity Stone Ventures Corp. (GEMS) opened trading at C$0.215
Infinity Stone (GEMS) has announced a winter drill program on the Buda Lithium Project.
- The program is scheduled to begin on December 5
- The program follows the recovery of grab samples assaying up to 367 ppm Li, 2,090 ppm Rb, and 4,200 ppm Be, and channel samples up to 1,408 ppm Rb over 4 metres.
- The Winter Drill Program will cover 400 to 600 metres, depending on initial results.
The company plans to have pre-drill surveying of roads, trails and pads completed by November 30, 2022, with drilling scheduled to begin by December 5th, 2022.
The winter drill program follows the company’s initial exploration program that returned samples with elevated Rb, Be, Li, Cs and Ta values.
Zayn Kalyan, CEO of Infinity Stone, commented on the upcoming drill program.
“The Buda Lithium Project presents an exciting opportunity to develop a potential lithium deposit located very close to infrastructure, with promising initial results for LCT mineralization. With the initiation of our second drill program this year, we continue to demonstrate our commitment to further exploration across our project portfolio. Lithium remains one of the few performing asset classes in 2022, and the Buda Project is ideally positioned to meet demand from the rapidly growing North American battery metal supply chain.”
The Buda Project is located 50 kilometres west of Thunder Bay, Ontario. The property consists of a single block of 68 cells covering 1,451 hectares (3,585 acres).
The last significant program on the property was conducted in the early 1980s by Steep Rock Iron Mines. According to documentation by Steep Rock, the Buda Station area hosts a “significantly large pegmatite dike worthy of economic consideration.” Seven pegmatite dikes were mapped on the property, the largest being Steep Rock Dike.
In 2009, three grab samples were extracted from exposed pegmatite near Buda Station. One of the specimens returned 210 ppm lithium, and two of the samples returned elevated niobium (102 ppm and 143 ppm) and rubidium (764 ppm and 1,080 ppm).
Infinity Stone’s mission is to be a diversified, single-source supplier of critical energy metals being used in the clean energy revolution. Infinity Stone is meeting demand from battery and wind turbine manufacturers, nuclear and hydrogen energy producers, and energy metals by acquiring a 100 per cent interest in critical mineral deposits and occurrences in stable mining-friendly jurisdictions.
Infinity Stone Ventures Corp. (GEMS) opened trading at C$0.215.