Infinite Ore Reports up to 1.60% Li2O From Shallow Surface Drilling at Jackpot Lithium Project
Infinite Ore Corp. announced encouraging drill results from its Jackpot Lithium Project in Ontario. The review uncovered multiple previously unreported holes intersecting over 1% Li2O, showcasing substantial lithium mineralization. The recently completed short drill holes averaged 10 m in depth, revealing significant lithium content, while longer holes extended the dyke swarm both north and south. The project sits near Rock Tech Lithium's planned production facility, with known historical resources estimated at 2 million tons at 1.09% Li2O and 750,000 tons at 1.38% Li2O. These results enhance confidence in the project's lithium resource potential.
- Drill results from the Jackpot Lithium Project uncovered multiple unreported holes with over 1% Li2O.
- Short holes averaged 10 m in depth, confirming significant near-surface lithium content.
- Long drill holes expanded the dyke swarm's extent to the north and south.
- The project is strategically located near Rock Tech Lithium's planned lithium sulphate production facility.
- None.
VANCOUVER, BC / ACCESSWIRE / February 8, 2021 / Infinite Ore Corp. (the "Company") (TSXV:ILI)(OTCQB:ARXRF) is pleased to announce drill results from a previous drill program completed on its
Highlighted of the short drill holes include:
Hole | From | To | Interval | Li2O % |
JS-18-06 | 0.00 | 5.00 | 5.00 | 1.13 |
JS-18-08 | 0.00 | 9.00 | 9.00 | 1.02 |
JS-18-09 | 1.00 | 3.00 | 3.00 | 1.35 |
JS-18-10 | 0.00 | 3.00 | 3.00 | 1.10 |
JS-18-11 | 0.00 | 5.00 | 5.00 | 1.09 |
JS-18-14 | 0.30 | 8.00 | 7.70 | 1.60 |
Highlights of the long drill holes collared in 2018:
Hole | From | To | Interval | Li2O % |
J-18-27 | 163.00 | 169.00 | 6.00 | 1.14 |
J-18-40 | 48.90 | 59.90 | 11.00 | 0.83 |
incl | 49.25 | 57.00 | 7.75 | 1.12 |
J-18-43 | 143.00 | 149.10 | 6.10 | 1.06 |
J-18-50 | 24.25 | 35.80 | 11.550 | 0.77 |
incl | 26.00 | 34.00 | 8.00 | 1.10 |
incl | 26.00 | 31.00 | 5.00 | 1.39 |
J-18-51 | 31.00 | 37.00 | 6.00 | 1.01 |
The results demonstrate that Jackpot consists of a swarm of parallel lithium baring east-west trending dykes and that the mineralized zone is open in all directions (see Figure 1).
Figure 1: Location of drillholes at the Jackpot Lithium project.
J.C. St-Amour, President of Infinite Ore commented, "The Jackpot property hosts a swarm of lithium-bearing dykes some of which are exposed at surface. The 2018 drilling program tested the near surface lithium content of known dykes as well as expanded the extent of the known mineralization. There are many yet untested dykes on the property which would warrant follow-up work. Certainly, these drill results increase our confidence that the Jackpot lithium deposit contains greater lithium resources to that cited in the historical resources."
The Company's
Qualified Person
The technical content of this news release was approved by Michel Boily, PhD, P.Geo, an Independent Qualified Person as defined by the National Instrument 43-101.
* The estimates presented above are treated as historic information and have not been verified or relied upon for economic evaluation by the Company. These historical mineral resources do not refer to any category of sections 1.2 and 1.3 of the NI-43-101 Instrument such as mineral resources or mineral reserves as stated in the 2010 CIM Definition Standards on Mineral Resources and Mineral Reserves. The explanation lies in the inability by the Company to verify the data acquired by the various historical drilling campaigns. The Company as not done sufficient work yet to classify the historical estimates as current mineral resources or mineral reserves.
About Infinite Ore Corp.
Infinite Ore is a junior mining exploration company focused on seeking and acquiring world-class mineral projects. The company is earning into a large land package with the potential for VMS and gold mineralization in the Confederation Lake assemblage belt near Red Lake, Ont. The company also holds the Jackpot lithium property located near Nipigon, Ont.
ON BEHALF OF THE BOARD
"J.C. St-Amour"
J.C. St-Amour, President
FOR FURTHER INFORMATION, PLEASE CONTACT:
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Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
FORWARD LOOKING STATEMENTS: This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward -looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at WWW.SEDAR.COM).
SOURCE: Infinite Ore Corp.
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FAQ
What are the recent drill results from Infinite Ore Corp.'s Jackpot Lithium Project?
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