Infinico Metals Corp. Samples 4.45% Li2O at its Dalhousie Project
Infinico Metals Corp. Samples 4.45% Li2O at its Dalhousie Project
Vancouver, Canada, December 20, 2023 – Infinico Metals Corp. (“Infinico” or the “Company”)
(TSX-V: INFM) is pleased to report assay results from the recently completed rock chip
sampling program carried out on its Dalhousie Project, located 180 kilometres northeast of
Val-d’Or, Québec.
The company conducted a one-day rock chip sampling program in November of 2023 at its
Dalhousie project. The program was following up on a newly identified pegmatite outcrop on
the west-end of the property. The results from a total of s ix rock chip samples collected are
shown in Table 1.. Five of the six samples grade above 1.30% Li2O and up to 4.45% Li2O.
Table 1. Assay results from the November sampling program
Sample ID Sample
Type
Rock
Type
Li2O*
(%)
Cs
(ppm)
Ta2O5**
(ppm)
K28401 Rock Chip Pegmatite 0.92 41.10 21.2
K28402 Rock Chip Pegmatite 1.59 33.30 44.8
K28403 Rock Chip Pegmatite 4.39 59.40 107.6
K28404 Rock Chip Pegmatite 4.45 32.90 57.5
K28405 Rock Chip Pegmatite 1.37 91.90 68.5
K28406 Rock Chip Pegmatite 3.91 75.40 57.0
*.A standard conversion factor of 2.15 was used to convert Li (ME-MS89L) to Li2O values.
**.A standard conversion factor of 1.22 was used to convert Ta (ME-MS89L) to Ta2O5
The six samples were collected from a newly recognized spodumene bearing pegmatite
outcrop on the west-end of the Dalhousie Project (Figures 1 & 2). The pegmatite outcrop has
a minimum strike length of 1 10 metres based on the limited sampling and mapping
undertaken in November 2023. Due to snow cover and time constraints on the field season ,
no further work has been undertaken.
A detailed mapping and sampling program is planned for spring 2024. The work program will
assist in understanding the true extent of the newly discovered lithium bearing pegmatite, as
well as helping to identify previously unrecognized lithium bearing pegmatites elsewhere on
the Dalhousie Project.
Sam Walding, Infinico’s CEO commented: “The identification of lithium bearing pegmatites on
the Dalhousie property is incredibly exciting. Lithium has not previously been recognized at
Dalhousie and this gives us a compelling new target to follow up on . The presence of lithium
on the project complements Infinico’s on-going exploration for the critical metals Ni, Cu, and
Co also present at Dalhousie. As soon as th e conditions allow, Infinico will be on the ground
conducting detailed mapping and sampling to gain a full understanding of this new lithium
discovery.”
Figure 1. Plan map showing Infinico rock chip samples on a satellite image background.
Figure 2. Photograph of the lithium bearing pegmatite sampled during the field work.
Hammer is approximately 40 cm long for scale.
Spodumene crystal
About the Dalhousie Project
The Dalhousie Project is located approximately 180 kilometres northeast of Val d’Or, Quebec,
Canada. The project is fully accessible by road with nearby mining infrastructure and
expertise. The project is host to a cluster of magmatic nickel sulphide occur rences within a
mafic-ultramafic intrusive complex, as well as a newly recognised lithium bearing pegmatite.
Quality Assurance / Quality Control
Infinico Metals adheres to a strict sampling, sample handling, sample transportation and
analyses. Samples are shipped to ALS Canada Ltd.’s preparation facility in Val -d’Or. Pulps are
analyzed at the ALS Canada Ltd. facility in Vancouver. All samples are analysed by sodium
peroxide fusion with ICP-AES/MS finish.
Qualified Persons
The technical information in this news release has been prepared by Szabolcs Orban, MSc,
EFG, EurGeol (#1883), OGQ (AS-1617), Vice President of Exploration at Infinico Metals Corp.,
and Geneviève Boudrias, P .Geo, M.Sc., OGQ (#608), President of GBG Inc., an independent
consulting geologist for Infinico Metals Corp. Both are 'qualified persons' as defined in NI 43-
101. Mr. Orban and Mrs. Boudrias have both read and approved the 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
option agreements on the Nicobi Project, hosting magmatic Ni-Cu-Co sulphide mineralization,
which will be drill -tested early in 2024, and on the Dalhousie Project, which also hosts
magmatic Ni-Cu-Co sulphide mineralization.
For more information, please contact:
Sam Walding, Chief Executive Officer
Telephone: (+44) 7568 508610
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 fr om 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 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 stu dy 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 acc ommodate First Nations 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 de velopment of projects, capital and operating costs varying significantly from
estimates and the other risks involved in the mineral exploration and development industry,
an inability to predict and counteract the effects of COVID-19 on the business of the Company,
including but not limited to the effects of COVID -19 on the price of commodities, 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.