It’s rare to find a company that is exploring for both lithium and gold but that is exactly what Infitinte Ore is doing. A diversified landholding package along with a diversified portfolio of resources in a mining-friendly jurisdiction is always the kind of business model that savvy metals & mining investors are on the lookout for. And historical and near-term high-grade drill results never hurt either.
JC St-Amour, President and CEO of
Infinite Ore Corp. (ILI) (
TSX-V.ILI,
OTCMKTS: ARXRF,
Forum) commented:
“We are offering investors exposure to the most in demand and important commodities, gold and lithium. Having two highly prospective property packages in our portfolio is of great benefit to our shareholders. Both projects have been worked in the past and are showing excellent promise to deliver results in 2021.”
Enter Vancouver, BC-based Infinite Ore Corp. – the early-stage junior explorer that’s seeking and acquiring mineral projects in Canada. Currently, the company's focus is on properties with the potential for VMS and gold mineralization in the Confederation Mineral Belt near Red Lake Ontario, as well as its Jackpot lithium property located close to Thunder Bay, Ontario. ILI says it remains focused on its Eastern Vision package near Red Lake and the massive potential there while revisting the tremendous upside of its large lithium land package.
Infinite Ore Corp. holds a dominant land package situated near Great Bear Resource Ltd.’s (
TSX-V.GBR) Dixie project, covering prospective gold and volcanogenic massive sulphide (VMS) deposits and targets. Recent gold discoveries by Great Bear and other juniors highlight the potential for significant gold discoveries in the area, and ILI plans on conducting more exploration for gold in addition to VMS.
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The keystone
Eastern Vision project is located about 40 kilometres from the eastern boundary of GBR’s Dixie project. The properties have defined VMS deposits with current 43-101 or historic resources and significant expansion potential and boast an excellent access and logistics network.
Recently, Infinite Ore launched an ambitious exploration program which included a Versatile Time-Domain Electromagnetic (VTEM+) and Spaciotemporal Geochemical Hyrdrocarbon (“SGH”) surveys. SGH surveys have been used successfully in the Red Lake area to locate gold anomalies under till cover, most notably by Great Bear Resources Ltd. on their Dixie property.
Results from the 443-sample survey on a small portion of the Eastern Vision land package indicates at least two gold anomalies accompanied by copper and silver anomalies that are potential targets for drilling.
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St-Amour continued:
"We have assembled one of the largest land packages in the Red Lake District and I am very encouraged by the gold discoveries recently made near our Confederation North properties.Our land package is largely underexplored for gold. I look forward to consolidating the results of our VTEM survey with the SGH survey to identify drilling targets for our winter drill campaign."
Leveraging Lithium
Infinite Ore Corp. also appears to have found itself in the middle of a race to meet the skyrocketing needs of the New Green Revolution. Specifically lithium (Li) exploration and mining which is feeding the increasing demand for lithium-ion batteries to power the millions of new electric vehicles (EVs) expected to hit the roads in the next 10 years. In fact,
according Deloitte, that voracious appetite is expected to reach the manufacturing requirement of 31.1 million EVs globally by 2030.
And right now, Infinite Ore is located in the right place at the right time for intensive lithium exploration and development.
The Jackpot Project is situated about 42 kilometres north-northeast of Nipigon and approximately 105 kilometres east-northeast of the Great Lakes port City of Thunder Bay ON. It is adjacent to the Georgia Lake lithium deposit, for which Rock Tech Lithium Inc. (
TSX-V.RCK) recently announced a letter of intent (LOI) with Avalon Advanced Materials Inc. (
TSX.AVL) to collaborate on the development of a lithium sulphate production facility located in Thunder Bay.
Infinite Ore is currently developing a 3D model to evaluate past drilling and surface channel sampling that will assist in identifying areas for expansion, including the identification of other mineralized spodumene dykes on the property which have yet to be drilled. Once data compilation is complete, the company will determine the next tactical steps for property development.
Jackpot Drilling Updates
On December 8th, Infinite Ore announced it is currently reviewing opportunities for Its Jackpot Lithium Project. The company has completed a total of 53 drill holes (9,496 metres) in its long-hole program, along with eight drill holes (298 metres) from its short-hole program in 2018. ILI says the long-hole program was aimed at surface, near-surface, and deeper spodumene lithium-bearing pegmatites of the Main Zone Dike whereas the short-hole program was focused exclusively on delineating surface and near-surface spodumene-rich LCT pegmatites. The property also contains known pegmatite dyke showings that are untested for lithium and has the potential to contain additional dykes under ground cover.
Jackpot Lithium Project Highlights
- Intersects of 5 metres at 3.02%, 7.23 metres at 2.47% & 2 metres at 4.48% Lithium oxide (Li2O)
- Latest results indicate a third lithium-bearing pegmatite zone
- Historic resource of 2,000,000 tonnes at 1.09% Li2O
- Multiple new pegmatite targets on the property for future exploration
Infinite Ore’s President J.C. St-Amour offers a quick review of the model and the work completed to date on the Jackpot project (see video below).
(Click image to play video)
For more information, visit
www.infiniteore.com.
FULL DISCLOSURE: This is a paid article produced by Stockhouse Publishing.