New Lithium Property Bordering $FL.V’s PAK Project Great to see another breakout today, up 12% so far, after giving some more updates on their 100% acquisition of the PAK South and PAK Southeast claims.
- They cover over 1258 hectares and 158 hectares.
- The Properties are adjacent to Frontier Lithium's (FL.V) PAK Lithium Project, which includes two lithium deposits, the Spark Deposit and PAK Deposit, as well as two other prospects.
- Both properties cover several pegmatite units discovered through a previous geological survey.
- Located in the heart of Ontario's "Electric Avenue,” which is a well-known location for lithium and buttery metal production.
https://ca.finance.yahoo.com/news/infinity-stone-ventures-provides-further-100000535.html
I want to highlight the vicinity that their property has to $FL.V. Both properties share a border with $FL.V’s promising PAK project. Now, when we look at $FL.V’s recent price action, they’re up 300%+ in the past 6 months due to a combination of continued positive results (405 metres of 1.5% Li2O at its Spark Deposit) and rapidly increasing demand for battery resources.
Considering that FL.V's PAK Deposit hosts a mineral resource in measured and indicated categories of 6.68Mt at 2.02% Li2O and inferred of 2.67Mt at 2.29% Li2O, while the Spark Deposit hosts an indicated resource of 14.4Mt at 1.40% Li2O and an inferred resource of 18.1Mt at 1.37% Li2O. The close proximity to these large deposits gives a promising outlook for $GEMS.C as they look to begin operations when the weather improves.
With battery metals continuing to become increasingly important in our everyday lives, lithium is currently one of the most important resources today. IMO, $GEMS’s new property acquisition and current price allows for an early entry into a battery metal-focused company. The market cap of only $16M is relatively undervalued when compared to many competitors and peers in the industry. Definitely worth a look as they continue their exploration efforts.