Vancouver, British Columbia--(Newsfile Corp. - November 2, 2022) - Infinity Stone Ventures Corp. (CSE: GEMS) (OTCQB: GEMSF) (FSE: B2I) (the "Company" or "Infinity Stone"), is pleased to announce that it has acquired, through staking, an additional 5,961 hectares over 102 cells in two blocks at the Company's Galaxy Lithium Project, near Mont Laurier, Quebec. The southern block is contiguous with Infinity Stone's existing land position, with 31 cells covering 1,817 hectares and a larger block, located 17 kilometres to the north, compromising 71 cells covering 4,144 hectares. The Company's total land position in the area now covers 9,423 hectares, or 94.2km sq, with an additional 22 cells still pending application (the "Project").
The Lac Petagawa block of Infinity Stone's Galaxy Project now extends for approximately 16 kilometres along the western shore of Lac Petagawa and covers 3,930 hectares, with 22 additional contiguous pending cells. The new northern block covers 4,144 hectares, located 17 kilometres to the north of the Lac Petagawa block. The newly acquired area was established to be prospective for LCT pegmatites following the Company's October 2022 exploration program that included sampling, hand stripping, channel sampling, as well as blasting of the 30 identified pegmatites.
The Company also intends to initiate an airborne geophysical survey program (the "Geophysics Program") beginning the week of November 14, that will include electromagnetics survey and radiometric survey. Part of the goals of the airborne radiometric survey will be to confirm historical reporting finding anomalous niobium levels near the south end of the Project.
"We continue to find further prospective ground at the Galaxy Project as we progress further with exploration," said Zayn Kalyan, CEO of Infinity Stone. "Quebec has quickly become the epicenter of battery metal exploration in North America, with many lithium producers, major battery and EV manufacturers active in the region. Our expanded footprint and presence in the Province, including our new regional office in Montreal, are key to our growth strategy," furthered Mr. Kalyan.
https://www.newsfilecorp.com/release/142812