Infinity Stone Ventures Corp (CSE:GEMS) provided an update on its Fall drill program on the Rockstone Graphite project, located 45 kilometers (km) west of the seaway port at the city of Thunder Bay in Ontario.
The Vancouver, British Columbia-based company, which aims to be a diversified, single-source supplier for the critical energy metals being used in clean energy, said it has completed the drilling of RS-22-03, a step-out of the historic GC-12-01 and RS-22-01 hole.
Infinity said that within RS-22-03, four graphitic zones, consisting of semi-massive to massive graphite, were encountered in the following intervals.
Infinity Stone has expanded the Fall Drill program with an additional drill hole RS-22-04, which will be a step-out hole to the north of the RS-22-03. The company has already upgraded flotation concentrate from core samples from the GC-12-01 discovery hole to 96.1% Cg and is actively working with SGS Canada in Lakefield Ontario to conduct a flotation and hydrometallurgical test program (Met program) on a 2.7 kg sample.
According to the company, the goal of the Met program is to explore the production of EV battery-grade graphite (99.8% Cg purity) derived from the Rockstone project.
Graphite is a key mineral in the production of EV battery cells and roughly 1.2 kg of graphite per kilowatt-hour (kWh) of energy capacity is required for modern EV battery cells. For reference, this means that a Tesla Model S 100D has approximately 120 kg of graphite.
"We are very pleased with the initial results from the RS-22-03 step-out hole. Hitting massive graphite alongside sulphides has given us valuable data that will assist in visualizing the structure and trend of the Rockstone deposit. The observed mineralization has warranted an extension of the program with the drilling of the RS-22-04 hole," said Infinity Stone CEO Zayn Kalyan.
"We look forward to the analysis of the core samples, alongside the results of our ongoing metallurgy program at SGS, as we work towards the next steps in furthering exploration on this exciting project," he added.
Contact the author Uttara Choudhury at uttara@proactiveinvestors.com
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