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Highlights
- Infinity Stone has concluded its UAV Geophysical EM Survey on Zen-Whoberi with the goal of refining drill targets.
- Initial interpretations of geophysical data, over the previously completed geochemical soil sampling grid, suggest multiple zones of interest and drill targets for forthcoming Winter Drill Program.
- Company's technical team is completing interpretation and mapping of geophysical data with intent to publish results as soon as possible, along with intended drill targets.
Infinity Stone Ventures Corp. (CSE: GEMS) (OTCQB: GEMSF) (FSE: B2I) (the "Company" or "Infinity Stone") announces that it has completed its airborne UAV magnetic survey on its Zen-Whoberi Project located north of Mont Laurier, Quebec previously announced on December 2, 2022. The survey covered over 570 line-km with detailed line spacing of 100 metres as well as 25-metre spacing over the geochemical soil sampling grid completed by the Company during Summer 2022 (announced on August 12, 2022).
Initial interpretations of geophysical data over the previously completed geochemical soil sampling grid suggest multiple zones of interest and drill targets for the Company's forthcoming winter diamond drill program ("Winter Drill Program"). With the Winter Drill Program, Infinity Stone intends to conduct targeted drilling of the Centauri Zone, with the ultimate goal of gaining a greater understanding of the underlying structure and mineralization. Initial data and interpretation from the survey has also reinforced the Company's recent acquisition of adjacent claims, expanding the total project size. Initial indications have shown increased conductivity on the expanded ground, worthy of further exploration.
The Company's technical team is currently completing interpretation and mapping of geophysical data with intent to publish results as soon as possible, along with intended drill targets.
"The completion of our airborne UAV magnetic survey on the Zen-Whoberi Project presents a significant advancement in the development of a strategic copper asset in Quebec. As the world enters a recessionary climate, driven by inflation and rising interest rates, we expect to see significant appreciation in the price of copper in 2023. The demand for copper and other strategic minerals tends to increase during economic downturns, as they play a crucial role in infrastructure and development," said Zayn Kalyan, CEO of Infinity Stone.
Centauri Zone
In the Zen-Whoberi Centauri Zone, out of a total of three samples taken at this zone, one sample of mineralization returned grades of 15.5% Cu, 14.9g/t Ag, 0.40g/t Au, 0.114% Ni, and 216ppm Co. The other two samples taken from the newly-identified zone yielded 2.12% and 0.70% Cu. (2)
Table 1: 2006-2007 Diamond Drilling Summary (2)
| Hole | Azimuth (º) | Dip (º) | From (m) | To (m) | Length (m) | Cu (%) |
| CB-06-01 | 348 | 60 | 3.2 | 9.3 | 6.1 | 0.59 |
| incl. | 4.5 | 8.2 | 3.7 | 0.92 | ||
| CB-06-02 | 162 | 60 | 2.4 | 7.9 | 5.5 | 0.68 |
| CB-06-03 | 0 | 90 | 15.9 | 25.5 | 9.6 | 0.56 |
| incl. | 15.9 | 21.3 | 5.4 | 0.84 | ||
| and | 28.5 | 37.3 | 8.8 | 0.27 | ||
| CB-06-04 | 0 | 80 | 1.1 | 9.3 | 8.2 | 0.21 |
| CB-06-05 | 0 | 80 | 12.9 | 35.7 | 22.8 | 0.57 |
| incl. | 29.6 | 34.7 | 5.1 | 1.08 | ||
| and | 37.3 | 44.4 | 7.1 | 0.7 | ||
| incl | 38.3 | 43.5 | 5.2 | 0.88 | ||
| CB-06-06 | 0 | 80 | 3.1 | 35.8 | 32.7 | 0.47 |
| incl. | 21.5 | 25 | 3.5 | 1.21 | ||
| incl. | 31 | 34.8 | 3.8 | 1.27 | ||
| F07-01 | 350 | 52 | 52.2 | 53.55 | 1.35 | 0.27 |
| and | 109.8 | 111.6 | 1.8 | 0.18 | ||
| F07-02 | 360 | 75 | 147.25 | 149.0 | 1.75 | 0.16 |
| F07-03 | 200 | 45 | 22.5 | 24.1 | 1.6 | 0.17 |
| and | 50.0 | 51.5 | 1.5 | 0.19 | ||
| F07-04 | 20 | 45 | 46.7 | 48.35 | 1.65 | 0.14 |
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About The Zen-Whoberi Project
Infinity Stone's Zen-Whoberi Project, located 30 km north of Mont-Laurier, Quebec, Canada, was discovered by Surface Survey and Beep Mat Survey in 2004 and covers 352 hectares. Mineralization primarily occurs with chalcopyrite, bornite, pyrite, and pyrrhotite, along with massive sulphides. Anomalous levels of gold, platinum, and palladium have been observed in most drilling. The project is 500m from the nearest power line and is to infrastructure with direct road access which is 270km from Montreal. Surveys discovered high grade copper in sulphide areas and previous excavations have discovered additional findings such as of gold, platinum, and palladium discovered. It is located in the central metasedimentary belt of the Grenville geological province. The copper mineralization occurs as a skarn in the form of disseminated sulphides (pyrrhotite, chalcopyrite and bornite) in calcosilicate rocks.
Qualified Person
Technical information in this news release has been reviewed and approved by Case Lewis, P.Geo., a "Qualified Person" as defined under NI 43-101 Standards of Disclosure for Mineral Projects and a director of the Company.
References
(1) Infinity Stone Ventures news release dated September 16, 2022: "Infinity Stone Discovers 15.5% Copper from New Zone at Zen-Whoberi Project"
https://infinitystoneventures.com/infinity-stone-discovers-15-5-copper-from-new-zone-at-zen-whoberi-project/.
(2) Infinity Stone Ventures news release dated December 2, 2022: "Infinity Stone To Fly UAV Airborne Geophysics at Zen-Whoberi Project, Quebec"
https://infinitystoneventures.com/infinity-stone-to-fly-uav-airborne-geophysics-at-zen-whoberi-project-quebec/.
About Infinity Stone Ventures
Infinity Stone's mission is to be a diversified, single source supplier for the critical energy metals being used in the clean energy revolution alongside its established SaaS solution portfolio. The Company's primary business units include HealthCheck (Stratum Health Technologies LLC) and its energy metals portfolio. Infinity Stone is meeting the demand from battery and wind turbine manufacturers, nuclear and hydrogen energy producers, and energy metals speculators by acquiring 100% interest in critical mineral deposits and occurrences in stable mining-friendly jurisdictions, close to final use destinations in North American manufacturing hubs.
To register for investor updates please visit https://infinitystone.ventures.
Infinity Stone Ventures Corp.
Zayn Kalyan
CEO and Director
zayn@altuscapital.ca
Direct: 778-938-3367
The Canadian Securities Exchange has not reviewed, approved or disapproved the content of this news release.
Forward-Looking Statements Disclaimer
This press release contains "forward-looking information" within the meaning of applicable securities laws. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "projects", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements, including statements respecting future exploration work. Although forward-looking statements contained in this press release are based upon what management of Company believes are reasonable assumptions, there can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The forward-looking statements may also be affected by risks and uncertainties in the business of the Company, including those described in the Company's public filings available on www.SEDAR.com. The Company undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/150397
