Infinite Ore Corp

Infinite Ore Corporation [TSX.V : ILI] is a Canadian junior mining exploration company focused on seeking and acquiring world-class mineral projects. The company is earning into a large land package (Eastern Vision Properties) with the potential for VMS and gold mineralization in the Confederation Lake assemblage belt near Red Lake, Ontario. The company also holds the Jackpot lithium property located near Nipigon, Ontario.

Rio Tinto is forecasting a “substantial” supply gap for lithium, which is experiencing rapid demand growth on the back of accelerating electric vehicle (EV) uptake, and argues that the gap has to be addressed “within the next ten years”.
https://www.miningweekly.com/article/lithium-supply-gap-will-require-60-jadar-projects-rio-tinto-2021-10-21

Infinite Ore Starts Exploration on Jackpot Lithium Project and Provides Corporate Update
https://www.infiniteore.com/latest
The ground crew sampled spodumene bearing pegmatites more than 300 m north-east of the 2018 drilling area.
#Lithium #exploration #drilling #Ontario

LITHIUM’S PRICE RALLY ACCELERATES IN SEPTEMBER; CHINESE CARBONATE UP OVER 200% IN 2021
https://www.benchmarkminerals.com/membership/lithiums-price-rally-accelerates-in-september-chinese-carbonate-up-over-200-in-2021/?mc_cid=28d7557e3f&mc_eid=bc25d5b404
#Lithium $RCK

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Properties

EASTERN VISION PROPERTY (Option to earn 90%-100%)

Eastern Vision is 1,425 hectares, consisting of 5 claims. January 2021, the Company also acquired 7 additional minerals claims (??? additional hectares) located within its Confederation North Property

Eastern Vision is located approximately 20km east of Great Bear Resources Corp.’s Dixie Project located in the Red Lake District of Ontario. Great Bear Resource Ltd.’s recent high-grade gold discovery in the same greenstone belt has demonstrated the gold potential of the area. Historical exploration was focused on VMS targets and overlooked the gold potential in the area.

The Eastern Vision property straddles a projected east-west feature, interpreted as a fault zone with multiple volcanogenic massive sulphides (“VMS”) known to occur north of the Eastern Vision property. The property is approximately 25kms east-north-east of the active drilling by BTU Metals Corp. on the recently reported “TNT” VMS target.

JACKPOT LITHIUM PROJECT (Option to earn 80%)

The Jackpot Lithium property is located in the Georgia Lake Area about 140 km NNE of Thunder Bay, Ontario, approximately 12 km by air from the TransCanada Highway (Hwy 11) and the main railroad which connects to the port town of Nipigon, on Lake Superior. The property has a historical resource on the Dyke No. 2 pegmatite zone, reported as 2Mt @ 1.09 Li2O estimated in 1956 by Ontario Lithium Company Limited.

In January 2021, the company announced that it added to its Jackpot Lithium project holdings through the acquisition of 9 claims. The claims are contiguous to and located within the Company’s Jackpot Property and in close proximity to the Georgia Lake lithium deposit, for which Rock Tech Lithium Inc. recently announced its intent to develop a lithium sulphate production facility located in Thunder Bay, Ontario. 

The acquired claims are known to contain lithium showings based on historical work, including the M.N.W. dyke*.  The claims contain lithium showings based on historical work including a pegmatite dyke that ranges in thickness up to 14m and has been traced intermittently for 427m. The core of the dyke was sampled in 1956 and was found to average 1.5% Li2O over a 122m strike having widths up to 9m.

 

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