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Infinity Stone (CSE:GEMS) further expands Galaxy Lithium Project with new zone

Mining, Technology
CSE:GEMS
02 November 2022 12:00 (EDT)

Source: Infinity Stone Ventures.

Infinity Stone Ventures Corp. (GEMS) has expanded Galaxy Lithium Project near Mont Laurier, Quebec.

The company achieved that by acquiring, through staking, additional 5,961 hectares over 102 cells in two blocks at the company’s Galaxy Lithium Project.

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 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 company also intends to initiate an airborne geophysical survey program beginning the week of November 14, which will include an electromagnetics survey and a radiometric survey.

“We continue to find further prospective ground at the Galaxy Project as we progress further with exploration,” stated Zayn Kalyan, CEO of Infinity Stone.

“Quebec has quickly become the epicentre of battery metal exploration in North America, with many lithium producers, major battery and EV manufacturers active in the region, and our expanded footprint and presence in the Province, including our new regional office in Montreal, are key to our growth strategy,” he added.

Infinity Stone Ventures is a company with a mission to be a diversified, single-source supplier of the critical energy metals being used in the clean energy revolution alongside its established SaaS solution portfolio.

Infinity Stone Ventures Corp. was up 2.13 per cent, trading at $0.24 at 11:20 ET.


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