Infinity Stone Ventures Corp., has announced that it has discovered economically-encouraging rubidium, beryllium, and lithium mineralization in Fall 2022 surface and channel sampling of its Buda Lithium Project (“Buda Project”).
A total of 32 grab samples and 23 channel samples were collected from the property and sent for multi-element analysis. Initial grab and channel samples of weathered pegmatite outcrop exposures on the Buda Project returned elevated Rb, Be, Li, Cs and Ta values.
Out of the 32 grab samples, one sample returned a lithium value of 367 ppm Li. 7 samples returned rubidium values exceeding 1,000 ppm Rb, with a high of 2,090 ppm Rb in sample E6096115, and an average of 720 ppm Rb across all 32 grab samples. Sample E6096111 returned a highly anomalous beryllium value of 4,200 ppm Be along with 1,320 ppm Rb.
The most notable channel results were 1,408 ppm Rb over 4 metres in channel BD-02-02 and 1,283ppm Rb over 4 metres in BD-03-01.
“We are very happy with the initial results from the Buda Project returning all the pathfinder indications of a mineralized LCT pegmatite. With our drilling team already mobilised in the region at the Rockstone Graphite Project, we are looking to commence our Winter Drill Program immediately, providing further catalyst for short-term growth,” said Zayn Kalyan, CEO of Infinity Stone. “The proximity of the Rockstone Graphite and Buda Lithium Projects to infrastructure in Thunder Bay, as well as to each other, presents a strategic opportunity for the development of a diversified battery metal producer in a region that is becoming integral to the North American EV and battery metal supply chain,” furthered Mr. Kalyan.
The Buda Pegmatite is classified as a rare metal LCT pegmatite, which are characteristically enriched in lithium, cesium, tantalum, beryllium, rubidium, niobium, and tin. At least six other pegmatite dikes are present on the property. Present sampling follows local strike orientation of the pegmatite dike swarm, as indicated by structural rock fabric measurements.
The Company has received exploration permits from the Ontario Ministry of Mines and intends to commence a diamond drill program immediately (“Winter Drill Program”) to test pegmatite layers perpendicular to outcrop zones. The Company anticipates having pre-drill surveying of roads, trails and pads completed by November 30, 2022, with mobilisation of drill equipment following immediately thereafter.