2022-12-20 | CSE:GEMS | Press Release


  • The Shorty West Project boundary is approximately 83 meters from the Hi (Shorty) pegmatite on LiFT’s Yellowknife lithium project, which averaged 1.07% Li2O from channel sampling.

  • The Shorty West Lithium Project totals approximately 410 hectares across two claim blocks.

  • Li-FT’s Yellowknife Lithium Project hosts numerous spodumene-bearing pegmatites with strike lengths ranging from 100 to 1,800 meters, most of which are visible on surface satellite imagery where historical channel sampling has returned average grades from 1.10 to 1.59% Li2O over 7 up to 40 resulted in meters.

  • The Company has also acquired claims adjacent to the Company’s Zen Whorberi project under the same agreement.

Vancouver, British Columbia – (Newsfile Corp. – December 20, 2022) – Infinity Stone Ventures Corp. (CSE: GEMS) (OTCQB: GEMSF) (FWB: B2I) (the “Pursue” or “Infinity Stone“), is pleased to announce that it has completed the Shorty West Lithium Project (the “Project” or “Shorty West Project“) in the Northwest Territories, Canada (the “acquisition“) covering 410 hectares on two claim blocks. The Shorty West Project is adjacent to Li-FT Power Ltd. (“Elevator“) Yellowknife Lithium Project (“Yellowknife lithium project“) containing 14 distinct spodumene-bearing lithium pegmatite systems that are largely visible on satellite imagery. Historical channel sampling returned average grades of 1.10 – 1.59% Li2O over widths of 7 to 40 meters. Strike of pegmatites visible at surface are 100 to 1,800 meters.(1)

The Shorty West Project boundary is approximately 83 meters from the Hi (Shorty) pegmatite on LiFT’s Yellowknife Lithium Project. The pegmatite Hi (Shorty) has a mapped surface of 17,000 m2 and has recovered an average of 1.07% Li2O from channel samples.(1)

The Company plans to conduct further exploration and analysis to assess the potential of the Shorty West project. The Company looks forward to updating shareholders on its plans for the project as more information becomes available.

The Company has also acquired claims totaling approximately 354 hectares attached to the Company’s Zen Whoberi Project (the “Zen Claims“) under the same agreement. The Company previously announced the return of 15.5% Cu in grab samples from the Zen Whorberi Project.

“We are excited by the potential of the Shorty West project and plan to conduct further exploration and analysis to fully assess the potential of the project. The proximity to Li-FT Power’s project and the high-grade results from historical channel sampling gives us confidence in the potential of the Shorty West project,” said Zayn Kalyan, CEO of Infinity Stone. “We look forward to updating shareholders on our plans for update the project as more information becomes available,” added Mr. Kalyan.

Conditions of Purchase

Pursuant to the Acquisition, the Company will earn a 100% interest in and in the Project for payment of $17,500 in cash and issuance of 600,000 subordinate voting shares (“Shares”) in the Company to the seller of the Project. The shares are subject to the statutory holding period of 4 months.

Qualified Person

The technical information in this news release has been reviewed and approved by Case Lewis, a “qualified person” under NI 43-101 Standards of Disclosure for Mineral Projects and a director of the Company.


(1) “Lithium Yellowknife Project”. Li-FT Power Ltd corporate website, accessed 14 December 2022. https://li-ft.com/lithium-yellowknife-project/.

About Infinity Stone Ventures

Infinity Stone’s mission is to be a diversified, one-stop supplier for the critical energy metals used in the clean energy revolution alongside its established SaaS solutions portfolio. Infinity Stone is meeting the demands of battery and wind turbine manufacturers, nuclear and hydrogen energy producers, and energy metals speculators by acquiring 100% interest in critical mineral deposits and deposits in stable, mining-friendly jurisdictions, close to end-use uses in North American manufacturing hubs.

To register for investor updates, please visit https://infinitystone.ventures.

Connect with Infinity Stone

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Infinity stone contact

Zain Kaljan

CEO and Director

Direct: 778-938-3367

[email protected]

The Canadian Securities Exchange has not reviewed, approved or disapproved the contents of this press release.

Disclaimer for Forward-Looking Statements

This press release contains “forward-looking information” within the meaning of applicable securities laws. Forward-looking statements are statements that are not historical facts and are generally, but not always, indicated by the use of words such as “plan”, “expect” or “does not expect”, “is expected”, “budget”, “planned”, “estimates,” “forecasts,” “projects,” “intends,” “anticipates,” or “does not anticipate” or “believes,” or variations of such words and phrases, or imply that certain actions, events, or results “may,” “could.” ‘, ‘would’, ‘could’ or ‘will be taken’, ‘occurrence’ or ‘achieved’. Such forward-looking statements inherently involve known and unknown risks and uncertainties that could cause actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. Although the forward-looking statements contained in this press release are based on reasonable assumptions made by the Company’s management, there can be no assurance that forward-looking statements will prove to be correct, as actual results and future events could differ materially from those anticipated with such statements. Forward-looking statements may also be affected by risks and uncertainties inherent in the Company’s business, including those discussed in the Company’s public filings, which are available at www.SEDAR.com. Except as required by applicable securities laws, the Company undertakes no obligation to update any forward-looking statements should circumstances or management’s estimates or opinions change. The reader is cautioned not to place undue reliance on any forward-looking statements.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/148809

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