Infinity Stone Ventures Corp (GEMSF)

[Louied91]

$GEMSF Infinity Stone Announces Winter Drill Program on Buda Lithium Project

https://www.newsfilecorp.com/release/145725

Highlights

Infinity Stone announces Winter Drill Program with intended commencement on December 5, 2022.
Winter Drill Program follows the recovery of grab samples assaying up to 367 ppm Li, 2,090 ppm Rb, and 4,200ppm Be, and channel samples up to 1,408 ppm Rb over 4 metres.
The Winter Drill Program will cover 400 to 600 metres, depending on initial results.
Vancouver, British Columbia--(Newsfile Corp. - November 25, 2022) - Infinity Stone Ventures Corp. (CSE: GEMS) (OTCQB: GEMSF) (FSE: B2I) (the "Company" or "Infinity Stone"), is pleased to announce its winter drill program on the Buda Lithium Project ("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 thereafter and commencement by December 5th, 2022.

The Company was able to re-mobilise drilling equipment from the Rockstone Graphite Fall Drill Program to minimise costs and increase efficiencies. The Winter Drill Program follows the Company's initial exploration program that returned samples with elevated Rb, Be, Li, Cs and Ta values.

"The Buda Lithium Project presents an exciting opportunity to develop a potential lithium deposit located very close to infrastructure, with promising initial results for LCT mineralization. With the initiation of our second drill program this year, we continue to demonstrate our commitment to further exploration across our project portfolio," said Zayn Kalyan, CEO of Infinity Stone. "Lithium remains one of the few performing asset classes in 2022, and the Buda Project is ideally positioned to meet demand from the rapidly growing North American battery metal supply-chain," furthered Mr. Kalyan.

Buda Project Sampling

As reported in the Company's news release dated November 16, 2022, 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. *