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Infinity Stone Ventures (CSE:GEMS) updates progress at energy metals projects

Technology
CSE:GEMS
02 August 2022 10:00 (EDT)

Source: Infinity Stone Ventures.

Infinity Stone (GEMS) provided an update on the progress of several of its projects.

The company has completed initial scoping of Buda Pegmatite Project and delivered 55 samples for assay.

Infinity Stone has begun a work program at Galaxy Pegmatite Project and completed a geochemical survey on its Zen-Whoberi Copper-Cobalt Project.

Infinity Stone also announced that Michael Townsend, a director since April 2022, has been appointed as Executive Chairman and has acquired just over 17 per cent of the company’s shares, becoming the company’s largest single shareholder.

The company’s CEO, Zayn Kalyan stated that he has been a long-time supporter of Infinity Stone and has been instrumental in the company’s renewed focus on mineral exploration and energy metals.

“We value Mr. Townsend’s extensive experience in the junior mining sector and his track record of success and significant creation of shareholder value.”

Infinity Stone is a technology company developing and delivering SaaS solutions for the public and private sectors. It integrates data collection and management (Smart Health RM), communications (Smart Connect), advertising (Engagency), and IoT devices (Smart Check).

Infinity Stone Ventures Corp. (GEMS) is down by 6.45 per cent trading at $0.17 per share as of 10:00 am ET.


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