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Howdy- ILI.V finally waking up again! This time it seems to be holding some gains...I am looking for higher prices personally- much higher!
Hey what's a heppening ?
Up 22 pct USA side to .098- vol 37000 vs Can 3.7 mil
https://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=arxrf&x=0&y=0&time=10&startdate=2%2F4%2F2020&enddate=4%2F19%2F2023&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1&lf2=0&lf3=0&type=2&style=320&size=3&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11
https://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=Stock&symb=ca%3Aili&x=37&y=17&time=10&startdate=2%2F4%2F2020&enddate=4%2F19%2F2023&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1&lf2=0&lf3=0&type=2&style=320&size=3&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11
Couple weeks ago
Effective Feb. 1,2022 Infinite Ore Corp. will change to Imagine Lithium Inc.:
https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes
Looking strong lately- hoping for some corporate updates soon
They are focused on developing deposits and selling them I believe, I don't think they are interested in building and running mines as management.
Has this company ever mined, or are they just holding known deposits?
Hit .13 cents so far- Another big volume day making new highs- Having a high grade lithium deposit is a very fortunate position to be in right now-
Closed at .115 cents- also big volume on Friday at 3.5 million this is the highest volume in many months-
Logical with lithium being so in demand nowadays- Very good for Infinite Ore! Expecting the market cap of this junior with a deposit to keep going higher in valuation,
Here is the recent exploration activity plan:
"The Company recently mobilized a ground crew to sample target areas on its Jackpot lithium project. The areas of interest were generated from a recent high resolution geophysical survey completed on the Jackpot property. The survey, conducted by Novatem Airborne Geophysics, identified several east-west trending anomalies that reflect structures like that of the Jackpot lithium deposit itself.
The ground crew sampled spodumene bearing pegmatites more than 300 m north-east of the 2018 drilling area. The pegmatites were observed over a strike length of approximately 900 m and appear to continue under cover to the north-east and under a small lake to the south-west. Infinite Ore is designing a drill program to test extensions of the Jackpot lithium deposit.
J.C. St-Amour, President of Infinite Ore commented, "I am very pleased that we have identified pegmatite dykes outside the known Jackpot historical deposit area. These dykes appear to have extensive strike length and represent excellent targets for follow up exploration."
Press Release
Proven high grade lithium deposit which they are now exploring further on known targets to increase the resource- Looking for good upside here!
Infinite Ore is now exploring at Jackpot-
Canaccord has been buying - not sure what that means but it is looking good with bids at .095 cents- similar company VLI.V just ran over .20 cents -
-I am hoping for a similar run on ILI because they are exploring and they have a lot of targets to expand the deposit delineated already
Infinite Ore Identifies Potential New Lithium Exploration Targets From Geophysics at Jackpot Lithium Project
https://www.infiniteore.com/latest
Infinite Ore Signs LOI With Trillium Gold Mines to Sell Interest in Eastern Vision Project in Red Lake.
The company will now focus on their Jackpot Lithium project. JC St-Amour CEO says "This project is proximal to Rock Tech Lithium's Georgia Lake lithium project. Rock Tech's intention to build a lithium processing facility in the area considerably changes the dynamics of the Jackpot project. That, coupled with the renewed market interest and growing demand for lithium, has compelled us to redouble our exploration on Jackpot."
Infinite Ore's Eastern Vision Project is located 40-70km east of the Town of Red Lake.
Red Lake hosts a large Mineral Resource of 11.1Moz and Ore Reserve of 2.9Moz and has the third highest Ore Reserve grade of operating mines in Canada of 6.9g/t gold.
Infinite Ore is attending the Mines & Money online conference this week.
Encouraging results on VTEM Survey. JC St-Amour commented
The VTEM survey has given us some interesting targets for follow-up. We have flown a high-resolution mag survey over the large anomaly on Confederation North and are awaiting results. We are planning a ground prospecting program over the very large anomaly on Confederation South, an area that has seen little exploration, to better understand its source. In addition, there are a number of smaller anomalies that are prospective for VMS style mineralization that deserve additional exploration work.”
Jackpot Lithium project has an historic resource of 2,000,000 tonnes at 1.09% Li2O.
Drilling to date on the Confederation North property has intercepted some areas of massive sulphide mineralization as well as a significant mineralized fault zone. Drilling program is nearing completion results are pending.
"J.C. St-Amour, president of Infinite Ore, commented: "We are excited to see the drills turning on the Confederation North property and are anxious to see the results. Access to the property and logistics are very good and so I anticipate an efficient drilling program."
The company is earning into the Eastern Vision project, which consists of the Fredart, Garnet Lake, Confederation North and Confederation South properties. Past exploration has focused on VMS (volcanogenic massive sulphide) targets within the Confederation Lake assemblage near Red Lake, Ont. The Garnet Lake properties hold National Instrument 43-101-compliant inferred mineral resources of 2.1 million tonnes grading 5.78 per cent zinc, 0.72 per cent copper, 19.5 grams per tonne silver and 0.6 g/t gold. The Fredart property contains a historical resource of 386,200 tonnes grading 1.56 per cent Cu and 33.6 g/t Ag (1)."
Full Press Release
ARXRF (ILI.V) begins drilling today- ARXRF- Press Release
-They have excellent precious metals properties and the advanced Jackpot lithium property- this drill program is focused on discovering gold and precious metals
Infinite Lithium Corp. changed to Infinite Ore Corp.:
https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes
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Lithium was first discovered near Georgia Lake in 1955 within granitic pegmatites. The current Jackpot property covers the Jackpot lithium deposits, described in a 1965 report by E.G. Pye published by the Ontario Department of Mines. The Jackpot deposits were tested by a total of 32 diamond drill holes in 1955 by Ontario Lithium Company Limited, an associated company of Conwest Exploration Co. Ltd. The drilling confirmed the presence of at least two spodumene-bearing granitic pegmatite bodies, one at the surface (Dyke No. 1) and a second body (Dyke No. 2) lying beneath the Dyke No. 1.
Dyke No. 1 is a 6 to 9 meters thick, flat-lying body occurring as outcrops and further exposed by historic trenching. A review of Ontario government assessment files suggest little drilling was completed on Dyke No. 1 as efforts appear to have been focused on the larger (No. 2) Dyke. The 1955 drill logs extracted from archived files indicate assaying from only one drilled section within the No. 1 Dyke, even if spodumene is identified in several drill logs. Records from DDH 428 intersected 1.47 wt. % Li2O over 3.96 m from the surface. The Company has not verified the reported assays. The No.1 Dyke represents a readily accessible target for trenching and bulk sampling and to acquire sufficient material for metallurgical testing.
Dyke No. 2, is not exposed at the surface and was discovered by diamond drilling. Dyke No.2 has been described by Pye (1965) as follows: "... Historical drill intercepts include 1.52 per cent Li2O over 10.6 metres (drill hole 411) and 1.17 per cent Li2O over 21.2 metres from drill hole 4
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