Infini Resources Ltd Identifies Forty Microgravity Targets at Paterson Lake

Infini Resources Ltd (ASX: I88, “Infini” or the “Company”) is pleased to announce the identification of numerous lithium targets at its 100% owned Paterson Lake lithium project, located in Ontario, Canada. The identification of these targets follows acquisition of ground-based microgravity surveys covering the high priority Jesse’s and Marko’s lithium prospects (refer to ASX announcement 6 February 2024).

By Mr Charles Armstrong

Infini CEO Charles Armstrong said: “The unexpectedly large number of geophysical targets resulting from this highly innovative application of gravity surveying is an excellent outcome for Infini. The Company continues to rapidly grow its exploration target inventory for future drill testing at Paterson Lake. All of this work supports our aim to discover substantial tonnes of lithium mineralisation adjacent to the development-ready Separation Rapids Lithium Deposit.

The identification of a high frequency of interpreted pegmatites (40) at both prospects is highly encouraging as it indicates the potential for substantial LCT pegmatites to exist on the property. Going through this methodical value adding exploration process is highly effective as it increases our geological confidence in the asset and allows for more focused exploration activities that translates to higher probabilities of drilling success.”

Forty Microgravity Targets Identified at Paterson Lake

 Figure 1; Location of the Paterson Lake Lithium Project depicting the microgravity survey locations overlain with 1VD drone magnetics, MMI soil sampling, mineralised outcropping pegmatites and historical drillhole mineralisation. The Avalon Advanced Materials/Sibelco JV lithium deposit of ~10Mt @ 1.35% Li2O lies within 2km of the claim boundaries2.

Figure 2; Zoomed in location of the Marko’s and Jesse’s lithium prospects showing interpreted pegmatites, 1VD microgravity overlain with 1VD drone magnetics and historical drillholes. Note that no drilling has effectively tested the Jesse’s prospect.

Microgravity Surveys

The Company has successfully completed ~80% of its ground microgravity surveys at both the Marko’s and Jesse’s lithium prospects (Figure 1-2). These surveys were conducted on 30m spaced survey lines perpendicular to geological strike and with station readings taken at every 5m resulting in a very high-resolution gravity dataset. The 1VD images were then used to interpret potential pegmatite bodies that may exist in the bedrock at depth. Both 2D and 3D imaging of the current data sets are showing excellent correlation with existing lithium mineralisation and the potential to predict extensions both along and across strike where fence line drilling is yet to be methodically carried out (Figure 2). Due to weather conditions the remaining area east of Marko’s will be surveyed once weather permits and the results of which may deliver additional microgravity targets.

Marko’s Lithium Prospect

The Marko’s lithium prospect has existing shallow high grade lithium mineralisation in historical drilling and high-grade outcropping pegmatite mineralisation (Figure 3). The microgravity data has been incredibly successful for mapping the interpreted extents of the Marko’s lithium bearing pegmatite at depth and a review indicates the system could potentially extend for over ~550m in strike length (Figure 3). In addition to this there are multiple interpreted pegmatites parallel to the main pegmatite that may illustrate the existence of a stacked system. Stacking of wide mineralised pegmatites is important as it increases the economics of any potential open pit mining scenario. A total of 15 interpreted LCT pegmatite targets have now been defined at Marko’s.

Figure 3; Location of the Marko’s lithium prospect with outcropping grab sample mineralisation and historical diamond drillhole intercepts overlaying 1VD microgravity and drone magnetics. Note significant areas at Marko’s remain untested both along strike and across strike.

Jesse’s Lithium Prospect

The Jesse’s lithium prospect has high grade outcropping lithium mineralisation with mapped pegmatites up to 30m wide at surface (Figure 4). The main pegmatite cluster has never been drilled which highlights an excellent exploration opportunity for follow up drilling in the future. The microgravity results indicate a high frequency of interpreted pegmatites in the vicinity of mapped mineralisation. In addition, the variance between surface mineralisation and gravity lows may represent evidence for pegmatites dipping to both the north and south. This could imply that the pegmatite cluster at Jesse’s is “swarmed’ below surface with drilling required to test the theory. A total of 25 interpreted LCT pegmatite targets have now been defined at Jesse’s.

Figure 4; Location of the Jesse’s lithium prospect with outcropping grab sample mineralisation overlaying 1VD microgravity and drone magnetics.

About Paterson Lake Lithium Project
The Paterson Lake Project is located within the highly prospective Archean Separation Lake Greenstone Belt of the Superior Province of Ontario, Canada. The Project has been documented to contain abundant rare-metal bearing pegmatites including 7 named petalite bearing pegmatites and up to 50 unnamed pegmatites that require investigation. Historical outcrop grab sample results include results up to 4.43% Li2O and the best reported historical drill intercept to date of 8m @ 3.12% Li2O. The Separation Rapids Lithium Deposit of Avalon Advanced Materials/Sibelco $63M CAD joint venture1 is located within 2km of the project boundary.

Contacts
Charles Armstrong
Chief Executive Officer
P: +61 (08) 9465 1051

About Infini Resources Ltd (ASX: I88)
Infini Resources Ltd is an Australian energy metals company focused on mineral exploration in Canada and Western Australia for uranium and lithium. The company has a diversified and highly prospective portfolio of assets that includes greenfield and more advanced brownfields projects. The company’s mission is to increase shareholder wealth through exploration growth and mine development.

 

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