Infinico Announces the Start of Fixed Loop Surface Electromagnetic Survey at the Nicobi Nickel, Copper and Cobalt Property
Infinico Announces the Start of Fixed Loop Surface Electromagnetic
Survey at the Nicobi Nickel, Copper and Cobalt Property
Vancouver, Canada, January 21, 2025 – Infinico Metals Corp. (“Infinico” or the “Company”)
(TSX-V: INFM) is pleased to announce that it has commenced a Fixed Loop Fluxgate Surface
ElectromagnePc Survey at the Nicobi Property, located 160 kilometres northeast of Val-d’Or,
Québec.
Infinico has engaged Géophysique TMC, to conduct a Fixed Loop Fluxgate Surface
ElectromagnePc Survey (“the Survey”) at the Nicobi Property. The purpose of the Survey is to
follow up on conducPve features previously idenPfied in an airborne electromagnePc survey.
The Survey will be\er constrain the conducPve features and idenPfy potenPal drill targets for
follow up.
Since opPoning the Nicobi Property, the Company has focused exploraPon at Showing A, a
0.15 km2 area in the northeast of the Nicobi Property. Drilling in February 2024 demonstrated
the potenPal for massive Ni-Cu sulphide mineralizaPon 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
conducPve features being tested with the Fixed Loop Fluxgate Surface ElectromagnePc Survey
sit in the same geology as Showing A approximately 2 km to the northwest.
Sam Walding, Infinico’s CEO, commented: “Our previous work has established the poten4al
for massive Ni-Cu sulphide mineraliza4on at Showing A, and the iden4fica4on of a new
prospec4ve zone along strike and within the same geology is very promising. The Fixed Loop
Fluxgate Surface Electromagne4c Survey will help us to constrain this new target and may
provide future drill targets.”
Figure 1. Map of the north of the Nicobi claim package on a total magnePc intensity
background, displaying proposed area of the Fixed Loop Fluxgate ElectromagnePc Survey.
About the Nicobi Project
The Nicobi Project is located approximately 160 kilometres northeast of Val d’Or, Québec,
Canada. The project is 59.52 km2 in size and host to a cluster of magmaPc 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
mineralizaPon. 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 mineralizaPon at Showing A.
Qualified Person
Szabolcs Orban, MSc, EFG, EurGeol (#1883), OGQ (AS-1617) is Vice President of ExploraPon
for Infinico Metals Corp., and Qualified Person as defined by NI 43-101, has reviewed and
approved the scienPfic 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 exploraPon for criPcal metals in the province of Québec. The Company has signed an
opPon agreement on the Nicobi Project, hosPng magmaPc Ni-Cu-Co sulphide mineralizaPon.
For more informaPon, please contact:
Sam Walding, Chief ExecuPve Officer
Telephone: (+44) 7568 508610
swalding@infinicometals.com
www.infinicometals.com
Forward Looking Statements
Neither TSX Venture Exchange nor its RegulaPon 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 esPmates and statements that describe
the Company’s future plans, objecPves or goals, including words to the e ffect that the
Company or management expects a stated condiPon or result to occur . Forward looking
statements may be idenPfied by such terms as “believes” , “anPcipates” , “expects” ,
“esPmates” , “may” , “could” , “would” , “will” , or “plan”. Since forward-looking statements are
based on assumpPons and address future events and condiPons, by their very nature they
involve inherent risks and uncertainPes. Although these statements are based on informaPon
currently available to the Company, the Company provides no assurance that actual results
will meet management’s expectaPons. Risks, uncertainPes and other factors involved with
forward-looking informaPon could cause actual events, results, performance, prospects and
opportuniPes to differ materially from those expressed or implied by such forward-looking
informaPon. Forward looking informaPon in this news release includes, but is not limited to,
the Company’s planned Helicopter Time Domain ElectromagnePc and MagnePc (TDEM)
survey, the Company’s objecPves, goals or future plans, statements, exploraPon results,
potenPal mineralizaPon, the esPmaPon of mineral resources, exploraPon and mine
development plans, Pming of the commencement of operaPons and esPmates of market
condiPons. Factors that could cause actual results to differ materially from such forward-
looking informaPon include, failure to idenPfy mineral resources, failure to convert esPmated
mineral resources to reserves, the inability to complete a feasibility study which recommends
a producPon decision, the preliminary nature of metallurgical test results, delays in obtaining
or failures to obtain required governmental, environmental or other project approvals,
poliPcal risks, inability to fulfil the duty to accommodate First NaPons and other indigenous
peoples, uncertainPes relaPng to the availability and costs of financing needed in the future,
changes in equity markets, inflaPon, changes in exchange rates, fluctuaPons in commodity
prices, delays in the development of projects, capital and operaPng costs varying significantly
from esPmates and the other risks involved in the mineral exploraPon and development
industry, capital market condiPons, restricPon on labour and internaPonal travel and supply
chains, and those risks set out in the Company’s public documents filed on SEDAR. Although
the Company believes that the assumpPons and factors used in preparing the forward-looking
informaPon in this news release are reasonable, undue reliance should not be placed on such
informaPon, 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 Pme frames or at all. The Company disclaims
any intenPon or obligaPon to update or revise any forward-looking informaPon, whether as a
result of new informaPon, future events or otherwise, other than as required by law.