Infinity Stone Ventures Corp. (CSE: GEMS) (OTCQB: GEMSF) (FSE: B2I) is pleased to provide an exploration update on its Camaro and Hellcat Lithium Project adjacent to Patriot Battery Metals’ Corvette Lithium Discovery in the James Bay Lithium District of Quebec.
On Friday, GEMS.C stock moved up 1.85% to C$0.2750 with more than 216K shares, compared to a volume of 187K shares. The stock moved within a range of C$0.27-0.29 after opening trade at C$0.28. The stock has gained about 28% in the past month.
In the US market, GEMSF went down 0.43% to $0.2072 on Friday.
Fall Program identified tourmaline, garnet, and muscovite mineralization on the Rouget formation greenstone belt underlying the Hellcat Claims, which is consistent with other discoveries in the area.
Over 87 samples taken with assays being conducted at SRC in Saskatoon, Sask.
Further exploration being conducted in the context of the rapidly expanding lithium and battery metals
It should be noted that the project is situated adjacent to the Corvette Lithium Discovery that belongs to Patriot Battery Metals. The company announced that the fall exploration program that had been conducted by the company’s contracted technical team from Axiom Exploration Group had proven to be a significant success. The exploration program revealed the presence of pegmatites and also managed to unearth new showings. As many as 87 new samples had been collected by the company in the claim that stretches across 3850 hectares.
Infinity Stone Ventures Corp also announced yesterday that the sampled that had been collected had also been sent to the Saskatchewan Research Council for further studies. The results from the study were going to be revealed at some point in the coming weeks. It may be a good idea for investors to keep an eye on the developments during that period.
In this situation, it should be noted that one of the more significant findings from the fall exploration program was the fact that the company had managed to unearth a number of considerably prospective pegmatite dykes as well as cross-cutting structures. It remains to be seen if the Infinity Stone Ventures Corps stock gets any action this week or not.
GEMS.CA stock is trading above the 20-Day and 50-Day Moving averages of $0.27 and $0.28 respectively. Moreover, the stock is trading above the 200-Day moving average of $0.21.