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Infinite Lithium Corp.
Summary
| Project: | Jackpot | |
|---|---|---|
| Deposit: | Jackpot | |
| Location: | Canada | |
| Commodities: | Lithium | |
| Date: | 7/4/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 4-7-2018: Infinite Lithium Corp. announces an Exploration/Drilling Update report for its Jackpot deposit at the Jackpot project. Drilling results incl. 5.0m @ 3.02% Li2O from 232.65m. July 4th , 2018, Vancouver, BC, Canada – INFINITE LITHIUM CORP. (“Infin | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Scott Jobin-Bevans (Not stated) | |
| ABSTRACT: | July 4th , 2018, Vancouver, BC, Canada – INFINITE LITHIUM CORP. (“Infinite” or the “Company”) (TSX-V:ILI) (37NN–FRANKFURT) (OTCQB:ARXRF) is pleased to announce that an ongoing prospecting and geological mapping program on the Jackpot Lithium property (the “Property”), located in the Georgia Lake Area, Thunder Bay mining division, Ontario, has resulted in the discovery of multiple new lithium-bearing pegmatite dikes. This work augments the ongoing diamond drilling program in progress since December 2017, focused on the Jackpot Main Zone (“JMZ”), where hole 29 (the 30th hole) has recently been completed. Drill core assay results from holes J-17-01 and J-18-01 through 15, have been released (see news releases, April 18, 2018 and March 3, 2018), with additional drill core and surface sample (grab and channel) assays pending The Company is well financed to continue the current drilling program and expand the surface program, directed at the completion of a maiden National Instrument 43-101 Technical Report and Mineral Resources Estimation, later this year. Michael England, president of Infinite Lithium, commented: "The recent discovery of additional surface pegmatite occurrences represent high priority drill targets in the short term. While only limited samples have been received to date, the lithium grades are significantly higher than the historic estimates of 1.09% Li2O 6749202.1 (estimated in 1956 by the Ontario Lithium Company*). Our objective, to establish a larger and higher grade maiden resource is progressing well." The Company is also pleased to announce a significant increase in the size of the Jackpot Property, through the staking of 12 cell block areas, representing 14 350.49 ha (143.50 sq-km). The entire Jackpot Property now totals 14 539.70 hectares which establishes Infinite as one of the largest land owners in the Georgia Lake pegmatite district. | |
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