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Infinite Lithium Corp.
Summary
| Project: | Jackpot | |
|---|---|---|
| Deposit: | Jackpot | |
| Location: | Canada | |
| Commodities: | Lithium | |
| Date: | 12/13/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 13-12-2018: Infinite Lithium Corp. announces an Exploration/Drilling Update report for its Jackpot deposit at the Jackpot project. Drilling results incl. 22.45m @ 1.27% Li2O from 1.20m. December 13, 2018, Vancouver, BC, Canada – INFINITE LITHIUM CORP. (“I | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Scott Jobin-Bevans (Not stated) | |
| ABSTRACT: | December 13, 2018, Vancouver, BC, Canada – INFINITE LITHIUM CORP. (“Infinite” or the “Company”) (TSX-V:ILI) (37NN–FRANKFURT) is pleased to announce results from its 2018 diamond drilling program at the Jackpot Lithium Property (the “Property” or “Jackpot”), located in the Georgia Lake Area, Thunder Bay Mining Division, Ontario. The Jackpot is situated about 42 km north-northeast of Nipigon and approximately 105 km east-northeast of the Great Lakes port City of Thunder Bay, Ontario. Highlights from the most recent drilling include. To date, the Company’s two-pronged diamond drilling campaign has seen the completion of 53 drill holes (9,496 metres) in its long-hole program and eight (8) drill holes (298 metres) from its short-hole program. The long-hole program is aimed at surface, near-surface, and deeper Main Zone Dike spodumene (lithium) bearing pegmatites, whereas the short-hole program is focused exclusively on delineating surface and near-surface spodumene-rich LCT pegmatites. Drill core assay results from holes J-17-01, J-18-01 to 25 were previously released (see News Releases dated March 1, April 18, and August 16, 2018). Michael England, President of Infinite Lithium, commented: "This year’s diamond drilling and exploration program was a great success. Drilling on the Main Zone Dike, which hosts the historical mineral resources, returned notable results, better defining and expanding on the geometry and mineralization in this shallowdipping dike. As well, the discovery of multiple surface dikes at Jackpot suggests we have the opportunity to develop surface and near-surface mineral resources. The next step is to continue the exploration program with the goal of building resources on the Main Zone Dike and the extensive surface dike system. I am especially excited by the multiple surface dikes which will be better defined by a short hole diamond drilling program and channel sample program. We believe there is an excellent opportunity to add low-cost tonnage to the historic lithium resources at Jackpot. Our proximity to existing infrastructure including roads, ports, electricity, and a skilled workforce bodes very well for the future economics of this project. " | |
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