Infinity Stone Ventures Drillhole Graphite Hit near Thunder Bay, Ontario
2022-11-22 13:02 ET - News Release
Mr. Zayn Kalyan reports
INFINITY STONE HITS MASSIVE GRAPHITE ON ROCKSTONE STEP-OUT HOLE
Infinity Stone Ventures Corp. has provided an update on its fall drill program on the Rockstone graphite project located near Thunder Bay, Ont.
The company has completed the drilling of RS-22-03, a stepout of the historic GC-12-01 and RS-22-01 hole. Within RS-22-03, four graphitic zones, consisting of semi-massive to massive graphite, were encountered in the intervals shown in the attached table.
Infinity Stone has expanded the fall drill program with an additional drill hole, RS-22-04, that will be a stepout hole to the north of the RS-22-03. The company has already upgraded flotation concentrate from core samples from the GC-12-01 discovery hole to 96.1 per cent Cg (carbon graphite) and is actively working with SGS Canada Inc., in Lakefield, Ont., to conduct a flotation and hydrometallurgical test program on a 2.7-kilogram sample. The goal of the metallurgical program is to explore the production of EV (electric vehicle) battery-grade graphite (99.8 per cent Cg purity) derived from the Rockstone project.
Graphite is a key mineral in the production of EV battery cells. Approximately 1.2 kg (kilograms) of graphite per kWh (kilowatt-hour) of energy capacity is required for modern EV battery cells. For reference, this means that a Tesla Model S 100D has approximately 120 kg of graphite.
"We are very pleased with the initial results from the RS-22-03 stepout hole. Hitting massive graphite alongside sulphides has given us valuable data that will assist in visualizing the structure and trend of the Rockstone deposit. The observed mineralization has warranted an extension of the program with the drilling of the RS-22-04 hole," said Zayn Kalyan, chief executive officer of Infinity Stone. "We look forward to analysis of the core samples, alongside the results of our ongoing metallurgy program at SGS, as we work towards next steps in furthering exploration on this exciting project," furthered Mr. Kalyan.
About the Rockstone graphite project
The Rockstone graphite project is located 45 km (kilometres) west of the seaway port at Thunder Bay, Ont., Canada. The project has excellent access by logging haul roads that connect to paved/gravel roads with nearby railways and a shipping port. Based upon the reprocessed versatile time domain electromagnetic (VTEM) survey completed by Sabina Silver Corp. in 2007, there are 18 drill-ready electromagnetic targets. Greencastle's drilling in 2012 consisted of four diamond drill holes (916 metres). Diamond drill hole GC-12-01 intersected a 24-metre interval averaging 0.82 per cent zinc and 0.15 per cent copper within a graphitic argillite unit. Analysis of the pulps for the 24 metres returned a value of 25 per cent Cg using a LECO analytical procedure. Rockstone graphite morphology appears to be highly ordered hexagonal graphite crystallites and crystallite agglomerates, likely formed by hydrothermal activity at a formation temperature of 702 degrees C (Celsius).
Qualified person
Technical information in this news release has been reviewed and approved by Case Lewis, PGeo, a qualified person as defined under National Instrument 43-101 (Standards of Disclosure for Mineral Projects) and a director of the company.
About Infinity Stone Ventures Corp.
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 (software as a service) 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-per-cent interest in critical mineral deposits and occurrences in stable mining-friendly jurisdictions, close to final use destinations in North American manufacturing hubs.
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