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  • Infinity Stone has completed two of three holes on the previously announced Buda Lithium Winter Drill Program
  • All three drill holes, BD-22-01, BD-22-02 and BD-22-03 intersected pegmatite intervals with multiple muscovite-rich intervals
  • The winter drill program follows the recovery of grab samples assaying up to 367 ppm Li, 2,090 ppm Rb, and 4,200ppm Be, and channel samples up to 1,408 ppm Rb over 4 metres
  • The Buda Pegmatite Property 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$0.255

Infinity Stone Ventures Corp. (GEMS) has provided an update on its winter drill program on the Buda Lithium Project near Thunder Bay, Ontario.

The company began diamond drilling at Buda on December 5, 2022, and expects to conclude the Winter Drill Program by December 16, 2022.

All three drill holes, BD-22-01, BD-22-02 and BD-22-03, intersected pegmatite intervals with multiple muscovite-rich intervals.

The Winter Drill Program follows the Company’s initial exploration program that returned samples with elevated Rb, Be, Li, Cs and Ta values. Core samples are being logged, split and bagged to be sent for assay.

“We look forward to concluding the Winter Drill Program at Buda and getting the core into the lab for assay. The area in the vicinity of the Buda Project is quickly becoming a key region for hard rock lithium exploration and discovery,” said Zayn Kalyan, CEO of Infinity Stone.

“Lithium remains one of the best-performing commodities and risk assets for 2022, and we are very optimistic about the continued growth of the North American battery metal supply chain, ultimately driving demand for deposits in Ontario,” furthered Mr. Kalyan.

Buda Project sampling:

As reported on November 16, 2022, out of the 32 grab samples, one sample returned a lithium value of 367 ppm Li. 7 samples returned rubidium values exceeding 1,000 ppm Rb, with a high of 2,090 ppm Rb in sample E6096115 and an average of 720 ppm Rb across all 32 grab samples. Sample E6096111 returned a highly anomalous beryllium value of 4,200 ppm Be and 1,320 ppm Rb. *

The most notable channel results were 1,408 ppm Rb over 4 metres in channel BD-02-02 and 1,283 ppm Rb over 4 metres in BD-03-01. Channel sample highlights are shown below:

Table 1: Channel Sample Highlights

ChannelInterval (m)Rb (ppm)Li (ppm)
BD-01-015.081513
including1.01570<10
including0.5217269
BD-02-024.0140814
BD-03-014.0128320
BD-05-010.6494192

* Cautionary Note: Grab samples are selective in nature, and mineralization and grades are not necessarily reflective of the mineralization hosted by the property.

The Buda Pegmatite is classified as a rare metal LCT pegmatite, which is characteristically enriched in lithium, cesium, tantalum, beryllium, rubidium, niobium, and tin. At least six other pegmatite dikes are present on the property. Present sampling follows local strike orientation of the pegmatite dike swarm, as indicated by structural rock fabric measurements.

The Buda Pegmatite Property is located 50 kilometres west of Thunder Bay, Ontario. The property comprises a single block of 68 cells covering 1,451 hectares (3,585 acres).

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$0.315.


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