Infinity Stone Completes Airborne Geophysics & Expands Land Position at Zen-Whoberi Project, Quebec

Infinity Stone Completes Airborne Geophysics & Expands Land Position at Zen-Whoberi Project, Quebec

Highlights

  • Infinity Stone has completed a UAV magnetic survey and interpretation on Zen-Whoberi with the goal of refining drill targets
  • Geophysics program follows the discovery of significant grade of 15.5% Cu in surface sampling (1)
  • The Company has also staked 12 additional claims and submitted an application for 3 additional claims at Zen-Whoberi, based on the results from the geophysical survey, expanding total project size to 4,561 hectares

Infinity Stone Ventures Corp. (CSE: GEMS) (OTCQB: GEMSF) (FSE: B2I) (the "Company" or "Infinity Stone") announces that it has received results from its airborne UAV magnetic survey on its Zen-Whoberi Project located north of Mont Laurier, Quebec. The survey covered over 570 line-km with detailed line spacing of 100 metres, with 25-metre spacing over and around the geochemical soil sampling grid completed by the Company during Summer 2022 (announced on August 12, 2022), in the northeastern part of the Property. Based upon the results of the survey, the Company has expanded the Zen-Whoberi Project by staking an additional 15 claims, 3 of which are still pending application. The currently granted claims total 706 hectares, bringing the total property size to 4,561 hectares, in addition to the 3 pending claims.

The UAV airborne magnetic survey identified several new anomalous zones coincident with soil sampling anomalies, as well as several parallel ENE-WSW-trending structures at the newly expanded and previously unexplored northern part of the Property. Results are shown in Figures 1 and 2.

"With the completion and interpretation of the results at the Zen-Whoberi Project we are excited to have identified multiple news zones of interest, alongside confirmation of magnetic anomalies within our focus zone, where we have previously conducted a soil sampling grid," said Zayn Kalyan, CEO of Infinity Stone. "The results of the program have warranted expansion of the project and we are looking forward to the next step of the exploration, including a targeted diamond drill program in the coming months. We are also looking for potential joint venture partners for the project, as a part of Infinity Stone's project generation model," furthered Mr. Kalyan. "Copper is critical in fueling the energy transition and meeting the stated goals of international governments moving towards combatting climate change. It is often quoted that we will need to mine more copper in the next 30 years to meet climate goals than has been mined in human history (2). While there has been volatility in the price of copper over the immediate short-term, we are projecting that given current macro-economic trends, demand and price for copper will increase over the next 12-24 months," concluded Mr. Kalyan.

Cannot view this image? Visit: https://images.newsfilecorp.com/files/8151/156531_afa90e2b24beaa5d_002.jpg

Figure 1: Total Magnetic Intensity

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8151/156531_afa90e2b24beaa5d_002full.jpg.

Cannot view this image? Visit: https://images.newsfilecorp.com/files/8151/156531_afa90e2b24beaa5d_003.jpg

Figure 2: 1st Vertical Derivative

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8151/156531_afa90e2b24beaa5d_003full.jpg.

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 4,561 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 gold, platinum, and palladium. 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) Robert Friedland: 'World economy can't change unless we develop a lot more mines'
https://www.mining.com/mining-indaba-robert-friedlands-revenge-of-the-miners/.

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. 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://infinitystoneventures.com.

Connect with Infinity Stone

Email | Website | Facebook | LinkedIn | Twitter | Instagram |

Infinity Stone Contact
Zayn Kalyan
CEO and Director
Direct: 778-938-3367
zayn@altuscapital.ca

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. 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/156531

News Provided by Newsfile via QuoteMedia

GEMS:CNX
The Conversation (0)
CSE Bulletin: Consolidation - Infinity Stone Ventures Corp.

CSE Bulletin: Consolidation - Infinity Stone Ventures Corp.

Infinity Stone Ventures Corp. has announced a consolidation of its issued and outstanding common shares on the basis of one (1) post-consolidated common share for every two (2) pre-consolidated common shares.

As a result, the outstanding shares of the company will be reduced to approximately 44,507,230 common shares.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Infinity Stone Ventures Announces Consolidation of its Shares

Infinity Stone Ventures Announces Consolidation of its Shares

Infinity Stone Ventures Corp. (CSE: GEMS) (OTC: GEMSF) (FSE:B2I) (the " Company " or " Infinity Stone "), announces it is consolidating all of its Class A Subordinate Voting shares ("Class A Shares") and Class B Super Voting Shares ("Class B Shares") on the basis of one post-consolidated Class A Share or Class B Share for every two pre-consolidated Class A Shares or Class B Shares held, as the case may be (the "Consolidation"). The Class A Shares are expected to begin trading on a consolidated basis on the Canadian Securities Exchange ("CSE") on Thursday, July 13, 2023 . The record date for the consolidation is July 14, 2023 .

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Infinity Stone Ventures Trading on Upstream Under GEMS, Infinity Stone Ventures Corp. among the first issuers to cross-list on Upstream

Infinity Stone Ventures Trading on Upstream Under GEMS, Infinity Stone Ventures Corp. among the first issuers to cross-list on Upstream

- Infinity Stone Ventures Corp. (CSE: GEMS) (OTC: GEMSF) (FSE: B2I) (the " Company " or " Infinity Stone "), is pleased to announce it will become available today at 10:00am EST under the ticker symbol " GEMS " on Upstream, the revolutionary trading app for digital securities and NFTs powered by Horizon Fintex ("Horizon") and MERJ Exchange Limited ("MERJ").  Infinity Stone's free digital collectible NFT commemorating the dual listing is now available for all Upstream participants to claim with the claim code " GEMS".

Infinity Stone Ventures Corp. Logo

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
INFINITY STONE VENTURES APPROVED TO CROSS LIST ON UPSTREAM

INFINITY STONE VENTURES APPROVED TO CROSS LIST ON UPSTREAM

- Infinity Stone Ventures Corp. (CSE: GEMS) (OTC: GEMSF) (FSE: B2I) (the " Company " or " Infinity Stone "), is pleased to announce it has been approved to cross list its shares on Upstream, the revolutionary trading app for digital securities and NFTs powered by Horizon Fintex (" Horizon ") and MERJ Exchange Limited (" MERJ "). Trading is anticipated to become available on Upstream July 6, 2023 at 10:00am ET under the ticker symbol " GEMS ".

The cross listing on Upstream is designed to provide Infinity Stone the opportunity to access a global, digital-first investor base outside the U.S. that can trade using USDC digital currency along with credit, debit, PayPal, and USD; unlocking liquidity and enhancing price discovery while globalizing the opportunity to invest in the Canadian Securities Exchange-listed company.

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
INFINITY STONE VENTURES ANNOUNCES NON-BROKERED PRIVATE PLACEMENT

INFINITY STONE VENTURES ANNOUNCES NON-BROKERED PRIVATE PLACEMENT

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

- Infinity Stone Ventures Corp. (CSE: GEMS) (OTC: GEMSF) (FSE: B2I) (the " Company " or " Infinity Stone "), is pleased to announce a non-brokered private placement of up to 18,000,000 units of the Company (" Units ") at a price of $0 .05 per Unit (the " Offering "), for aggregate gross proceeds of up to $900,000 . Each LIFE Unit will be composed of one (1) Class A Subordinate Voting share in the capital of the Company (a " Share ") and one-half of one (12) Class A Subordinate Voting share purchase warrant (each whole warrant, a " Warrant "). Each Warrant will entitle the holder thereof to acquire one (1) additional Share (a " Warrant Share ") at a price of $0 .10 per Warrant Share for a period of 24 months from issuance.

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
ALX Resources Corp. Announces Filing and Mailing of the Management Information Circular in Connection with Its Annual and Special Meeting of Shareholders to Approve the Acquisition of the Company by Greenridge Exploration Inc.

ALX Resources Corp. Announces Filing and Mailing of the Management Information Circular in Connection with Its Annual and Special Meeting of Shareholders to Approve the Acquisition of the Company by Greenridge Exploration Inc.

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

alx resources corp. (TSXV: AL) (FSE: 6LLN) (OTC: ALXEF) ("ALX" or the "Company") is pleased to announce that its management information circular (the "ALX Circular") and related materials (collectively, the "Materials") in connection with the Annual General and Special Meeting (the "Meeting") of its shareholders (the "ALX Shareholders") is now available on ALX's website (click here to access the Materials) as well as under ALX's profile on SEDAR+ (www.sedarplus.ca). The Company commenced the mailing of the Materials for the Meeting to ALX Shareholders on Tuesday, November 5, 2024.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Brunswick Exploration Significantly Expands its Holdings in Greenland Following Lithium Discovery

Brunswick Exploration Significantly Expands its Holdings in Greenland Following Lithium Discovery

Brunswick Exploration Inc. (TSX-V: BRW, OTCQB: BRWXF; FRANKFURT:1XQ; " BRW " or the " Company ") is excited to announce that, following the recent discovery of spodumene near Nuuk, Greenland, it has applied for additional licenses in the Nuuk area. The Company has also increased its holdings in new regions of Western Greenland subsequent to further compilation work including the Disko Bay and Uummannaq areas.

Mr. Killian Charles, President and CEO of BRW, commented: "With the lithium potential of Greenland newly confirmed, we have rapidly consolidated all high priority targets in western Greenland. BRW now controls one of the most significant grassroot exploration portfolios in Greenland and is the only company actively exploring for lithium in the country. Our new holdings all benefit from proximity to communities and tidal water to ensure that logistical and infrastructure needs are in place for potential future development. Between our new Ivisaartoq discovery and our expanded portfolio, we look forward to launching a major lithium exploration initiative in 2025 across Greenland as soon as possible. We are very keen to work with the Greenlandic communities, government and European Commission as we launch this exciting endeavor."

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Argentina Lithium Applies to Extend Warrants

Argentina Lithium Applies to Extend Warrants

TSX Venture Exchange (TSX-V): LIT
Frankfurt Stock Exchange (FRA): OAY3
OTCQX Venture Market (OTC): PNXLF

Argentina Lithium & Energy Corp. (TSXV: LIT) (FSE: OAY3) (OTCQX: LILIF) ("Argentina Lithium" or the "Company") announces that the Company has made an application to the TSX Venture Exchange to extend the term of the outstanding warrants as follows:

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
SAGA Metals Corp.  Opens the Market

SAGA Metals Corp. Opens the Market

Mike Stier, Chief Executive Officer and Director, Saga Metals Corp. and Michael Garagan, Chief Geological Officer and Director, Saga Metals Corp. ("SAGA" or the "Company") (TSXV: SAGA), joined Rob Peterman, Chief Commercial Officer, Toronto Stock Exchange, to open the market to celebrate the company's new listing on TSX Venture Exchange.

SAGA is a diversified critical mineral exploration company focused on exploration and discovery of critical minerals that support the global transition to green energy. The company's flagship asset, the Double Mer Uranium Project, features uranium radiometrics highlighting an 18 km trend, with a confirmed 14 km section producing samples as high as 4,281ppm U3O8 and spectrometer readings of 22,000cps. In addition to its uranium focus, SAGA owns the Legacy Lithium Property in Quebec's Eeyou Istchee James Bay. The Legacy project, developed in partnership with Rio Tinto, has been expanded through the acquisition of the Amirault Lithium Project. Together, these properties cover 65,849 hectares and share significant geological continuity with other major players in the area. SAGA is strategically positioned to play an essential role in the clean energy future.

MEDIA CONTACT:
Mike Stier
Chief Executive Officer and Director
mike@sagametals.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/228925

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
SAGA Metals Corp. Completes Second & Final Tranche of IPO Prospectus Offering

SAGA Metals Corp. Completes Second & Final Tranche of IPO Prospectus Offering

Saga Metals Corp. ( TSXV: " SAGA ") ( FSE: " 20H ") (" SAGA " or the " Company "), a North American exploration company focused on critical mineral discovery in Canada, announces that it has completed the second and final tranche of its initial public offering (the " Offering "), raising aggregate gross proceeds of $1,116,460.68.

The Offering, which included exercise in full of the over-allotment option granted to Research Capital Corporation (the " Agent "), consisted of an aggregate of 554,250 hard dollar units (each, a " HD   Unit ") at a price of $0.40 per HD Unit, 1,030,751 standard flow-through units (each, a " Standard FT Unit ") at a price of $0.48 per Standard FT Unit and 666,667 charity flow-through units (each, a " Charity FT Unit ") at a price of $0.60 per Charity FT Unit, all pursuant to the Company's final prospectus in Manitoba and amended and restated final prospectus for British Columbia, Alberta and Ontario dated August 30, 2024 (collectively, the " Prospectus ").

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
SAGA Metals to "Ring Opening Bell" at Toronto Stock Exchange

SAGA Metals to "Ring Opening Bell" at Toronto Stock Exchange

Saga Metals Corp. (" TSXV: SAGA ") (" FSE: 20H" ) (" SAGA " or the " Company "), a North American exploration company focused on discovering critical minerals, is pleased to announce it will ring the opening bell at the Toronto Stock Exchange (" TSX ") on Tuesday, November 5, 2024, at 9:30 a.m. ET to commemorate its IPO listing and commencement of trading on TSX Venture Exchange under the symbol " SAGA " on September 24, 2024.

The event will be hosted in-person at the TMX Market Centre, located in the heart of downtown Toronto's Financial District, where Mike Stier, CEO & Director, and Michael Garagan, CGO & Director will be joined by other members of the team responsible for executing SAGA's listing.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×