Infinico Announces the Start of an Airborne Electromagnetic Survey at the Nicobi Nickel, Copper and Cobalt Property
Infinico Announces the Start of an Airborne Electromagnetic Survey at the
Nicobi Nickel, Copper and Cobalt Property
Vancouver, Canada, September 25, 2024 – Infinico Metals Corp. (“Infinico” or the “Company”)
(TSX-V: INFM) is pleased to announce that it has commenced a Helicopter Time Domain
Electromagnetic and Magnetic (TDEM) survey at the Nicobi Property, located 160 kilometres
northeast of Val d’Or, Québec.
Infinico has engaged Xcalibur Smart Mapping to conduct a low-frequency HeliTEM survey at
the Nicobi Property. The survey will consist of 465 km of flight lines fl o w n a t 1 5 0 m l i n e
spacing, covering the whole of the 60 km2 Property (Figure 1). The purpose of the survey is to
detect subsurface conductive features and magnetic trends. The results will guide follow -up
exploration and help identify potential drill targets.
Since optioning the Nicobi Property , the Company has focused exploration on Showing A, a
0.15 km2 area in the northeast of the Nicobi Property. Drilling in February 2024 demonstrated
the potential for massive Ni-Cu sulphide mineralization on the Nicobi Property as detailed in
the February 27, 2024 press release. Follow-up drilling in August 2024 subsequently closed off
the mineralized body at Showing A as detailed in the August 12, 2024 press release . The
Company will now focus on exploring the remainder of the property, with multiple showings
and structural corridors in the same geology as Showing A providing further exploration
targets.
Sam Walding, Infinico’s CEO, commented : “We are now looking forward to expanding our
exploration efforts across the whole of the Nicobi Property. Our previous work has established
the potential for massive Ni-Cu sulphide mineralization on the property and the TDEM survey
will aid in targeting possible new zones of massive Ni-Cu sulphide mineralization elsewhere on
the property and will help define new drill targets.”
Figure 1. Map of the Nicobi claim package on a regional total magnetic intensity background,
displaying proposed flight lines, previously untested surface showings, and Showing A, the
area of historic drilling.
About the Nicobi Project
The Nicobi Project is located approximately 160 kilometres northeast of Val d’Or, Qu ébec,
Canada. The project is 59.52 km 2 in size and host to a cluster of magmatic nickel sulphide
occurrences within a mafic-ultramafic intrusive complex. Drilling of a surface showing known
as “Showing A” in the 1960s by Noranda revealed disseminated to massive nickel sulphide
mineralization. In January 2024, Infinico Metals conducted a 1,167 m drill program at Showing
A and intercepted 51.94 m at 1.37% Ni, 0.38% Cu, 418 ppm Co & 0.16 g/t Pt+Pd from 6.10 m.
A follow-up 1,272 m program conducted by Infinico Metals in July 2024 subsequently closed
off mineralization at Showing A.
Qualified Person
Szabolcs Orban, MSc, EFG, EurGeol (#1883), OGQ (AS- 1617) is Vice President of Exploration
for Infinico Metals Corp ., a n d Q u a l i fi e d P e r s o n a s d e fi n e d b y N I 4 3-101, has reviewed and
approved the scientific and technical content of this news release.
About Infinico Metals Corp.
Infinico Metals Corp. is a public company on the TSX Venture Exchange (TSX-V: INFM) focusing
on the exploration for critical metals in the province of Québec. The Company has signed an
option agreement on the Nicobi Project, hosting magmatic Ni-Cu-Co sulphide mineralization.
For more information, please contact:
Sam Walding, Chief Executive Officer
Telephone: (+44) 7568 508610
swalding@infinicometals.com
www.infinicometals.com
Forward Looking Statements
Neither 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.
This News Release includes certain “forward-looking statements” which are not comprised of
historical facts. Forward looking statements include estimates and statements that describe
the Company’s future plans, objectives or goals, including words to the e ffect that the
Company or management expects a stated condition or result to occur . Forward looking
statements may be identified by such terms as “believes”, “anticipates”, “expects”,
“estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are
based on assumptions and address future events and conditions, by their very nature they
involve inherent risks and uncertainties. Although these statements are based on information
currently available to the Company, the Company prov ides no assurance that actual results
will meet management’s expectations. Risks, uncertainties and other factors involved with
forward-looking information could cause actual events, results, performance, prospects and
opportunities to differ materially from those expressed or implied by such forward -looking
information. Forward looking information in this news release includes, but is not limited to,
the Company’s planned Helicopter Time Domain Electromagnetic and Magnetic (TDEM)
survey, the Company’s objectives, goals or future plans, statements, exploration results,
potential mineralization, the estimation of mineral resources, exploration and mine
development plans, timing of the commencement of operations and estimates of market
conditions. Factors that could cause actual results to differ materially from such forward -
looking information include, failure to identify mineral resources, failure to convert estimated
mineral resources to reserves, the inability to complete a feasibility study which recommends
a production decision, the preliminary nature of metallurgical test results, delays in obtaining
or failures to obtain required governmental, environmental or other project approvals,
political risks, inability to fulfil the duty to accommodate First Nati ons and other indigenous
peoples, uncertainties relating to the availability and costs of financing needed in the future,
changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity
prices, delays in the development of projects, capital and operating costs varying significantly
from estimates and the other risks involved in the mineral exploration and development
industry, capital market conditions, restriction on labour and international travel and supply
chains, and those risks set out in the Company’s public documents filed on SEDAR. Although
the Company believes that the assumptions and factors used in preparing the forward-looking
information in this news release are reasonable, undue reliance should not be placed on such
information, which only applies as of the date of this news release, and no assurance can be
given that such events will occur in the disclosed time frames or at all. The Company disclaims
any intention or obligation to update or revise any forward-looking information, whether as a
result of new information, future events or otherwise, other than as required by law.