Infinite Ore Finds Additional Lithium Targets on Jackpot Project
Infinite Ore Finds Additional Lithium Targets on
Jackpot Project
December 16, 2021 Vancouver, BC, Canada – Infinite Ore Corp. (the “Company” or
“Infinite”) (ILI-TSX:V) (OTCQB:ARXRF) is pleased to announce that recent channel
sampling has identified at least three zones of interest containing spodumene-bearing
granitic pegmatites with lithium values matching those of the historical resource area
and that demonstrate the expansion potential of the Jackpot lithium project.
Zone 1 is an extension of a previously drilled outcrop and returned channel results of
1.27% Li2O over 4.5 m, 1.32 over 4.0 m, 1.69 Li2O over 6.5 m, respectively.
Zone 2 is approximately 200 m ENE along strike of the pegmatite dykes drilled in
2018 and yield concentrations 1.37 Li2O % over 3.0 m and 0.76 % Li 2O over 8.5 m.
This zone indicates the potential for the Jackpot dykes to extent to a length of at least
900 m.
Zone 3, approximately 280 m to the north of the previous zone, returned 1.3 % Li2O
over 12 m. Infinite is planning an extensive drill program for 2022 expecting to begin
this winter. The main objective is to expand the historical resources by drilling beyond
the 2018 drill campaign area as well as test the new zones.
In 2022, t he Company will also test the zones of interest located on the newly
acquired claims approximately 1.1-1.3 km to the WSW of the known Jackpot dykes
with a goal of potentially linking these to the resource area. The newly acquired claims
expose several outcrop s of spodumene-bearing granitic pegmatite dykes that
produced Li 2O values ranging from 2.29 to 7.08 % (see the company’s December
13th, 2021 press release).
Table 1: Selected Channel Sample Assay Results, Jackpot property
Channel no. No. of
Samples Li2O (wt. %) Length (m) Comment
002 5 1.27 4.50 Zone 1
004 4 1.32 4.00 Zone 1
005 7 1.69 6.50 Zone 1
022 3 1.27 2.50 Zone 1
023 9 0.76 8.50 Zone 2
024 3 1.37 3.00 Zone 2
029 12 1.30 12.00 Zone 3
Figure 1 Location of the Jackpot Dykes and Zones of Interest
J.C. St-Amour, President of Infinite Ore commented, “Based on field observations
during the 2021 field program and the recent assay results, we are convinced that
pegmatites have the same source, increasing the potential for resource expansion .
We look forward to drilling the project as early in 2022 as possible to expand on the
2018 drill program and to test newly discovered areas.”
About Jackpot
The Jackpot Lithium property, located in the Georgia Lake Area about 140 km NNE of
Thunder Bay, Ontario, is approximately 12 km by air from the TransCanada Highway
(Hwy 11) and the main railroad which connects to the port town of Nipigon, on Lake
Superior. The property contains known lithium bearing granitic pegmatite dykes, two
of which providing estimated historical resources of 2 million tons at 1.09% Li2O and
750,000 tons at 1.38% Li2O*. The Company recently acquired additional claims with
additional lithium showings located on strike to the main historical resources.
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 NI-43-101 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 verif y the data acquired by the various historical drilling campaigns. The
Company has 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 holds the Jackpot lithium property located
near Nipigon, Ont., which contains known pegmatite showings including two historical
resources of 2 million tons grading 1.09% Li2O and 750,000 tons at 1.38% Li2O. In
addition, the company holds an interest in a large land package with the potential for
VMS and gold mineralization in the Confederation Lake assemblage belt near Red
Lake, Ont.
ON BEHALF OF THE BOARD
“J.C. St-Amour”
J.C. St-Amour, President
FOR FURTHER INFORMATION, PLEASE CONTACT:
Telephone: 1-604-683-3995
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FORWARD LOOKING STATEMENTS: This news release contains forward -looking statements,
which relate to future events or future performance and reflect management’s cur rent
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 unde r 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).