Infinite Ore Starts Exploration on Jackpot Lithium Project and Provides Corporate Update
Infinite Ore Starts Exploration on Jackpot Lithium
Project and Provides Corporate Update
October 12, 2021 Vancouver, BC, Canada – Infinite Ore Corp. (the “Company”) (ILI-
TSX: V ) (OTCQB:ARXRF) is pleased to provide an update on its exploration and
corporate activities. The Company recently mobilized a ground crew to sample target
areas on its Jackpot lithium project . The areas of interest were generated from a
recent high resolution geophysical survey completed on the Jackpot pro perty. The
survey, conducted by N ovatem Airborne Geophysics, identified several east-west
trending anomalies that reflect structures like that of the Jackpot lithium deposit itself.
The ground crew sampled spodumene bearing pegmatites more than 300 m north-
east of the 2018 drilling area. The pegmatites were observed over a strike length of
approximately 900 m and appear to continue under cover to the north-east and under
a small lake to the south -west. Infinite Ore is designing a drill program to test
extensions of the Jackpot lithium deposit.
J.C. St-Amour, President of Infinite Ore commented, “I am very pleased that we have
identified pegmatite dykes outside the known Jackpot historical deposit area. These
dykes appear to have extensive strike length and represent excellent targets for follow
up exploration.”
St- Amour continued, “Our ground crew also investigated and sampled other areas
on the property where additional pegmatite dykes were identified and need further
investigation. Pegmatite dykes tend to occur in swarms and given the area has a thick
overburden there is excellent potential to discover numerous other mineralized
pegmatites, leading to additional drill targets . Our goal is to get aggressive on
exploring the Jackpot project and to identify the lithium potential on this highly
prospective package.”
The Company’s 100% owned Jackpot project is near the Georgia Lake lithium deposit,
for which Rock Tech Lithium Inc. recently announced its intent to develop a lithium
sulphate production facility located in Thunder Bay, Ontario. The Jackpot property
contains known pegmatite showings, including two that contain historical resources
of 2 million tons at 1.09% Li2O and 750,000 tons at 1.38% Li2O*.
Figure 1: Geophysical map of the Jackpot project.
Sale of Eastern Vision
On the corporate front, the Company is pleased to report that the sale of the Eastern
Vision project to Trillium Gold Mines Inc. is progressing. The parties are working
towards getting all necessary approvals for the sale with an anticipated closing in
November 2021. Upon closing, the Company will receive 4,000,000 common shares
of Trillium and a cash payment of $175,000.
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:
Telephone: 1-604-683-3995
Toll Free: 1-888-945-4770
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 STA TEMENTS: 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 event s 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).