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Infinite Accumulates More Property in the Red Lake Mining District - Acquires Dixie Ten-Mile Property
VANCOUVER, BC / ACCESSWIRE / January 29, 2020 / Infinite Lithium Corp. ("ILI" or the "Compan...
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[{"type":"text","content":"Infinite Accumulates More Property in the Red Lake Mining District - Acquires Dixie Ten-Mile PropertyVANCOUVER, BC / ACCESSWIRE / January 29, 2020 / Infinite Lithium Corp. (\"ILI\" or the \"Company\") (TSXV:ILI) is pleased to announce that the Company entered into an option agreement to acquire a 90% interest in the \"Dixie Ten-Mile\" properties from Pistol Bay Mining Inc., in the Red Lake Mining District. The property package covers the Dixie 17, Dixie 18, Dixie Gap and Dixie 20 mineral occurrences and prospects, with the eastern portion of the property located at the junction of the Ten Mile Road and Snake Falls Road.The Dixie Ten-Mile property is approximately 20 kilometers north-east of the \"LP Target\" drilling activity of Great Bear Resources Corp.'s Dixie Project. The Dixie Ten-Mile property is approximately 5 kilometers north-west of the Company's Dixie 3 property (see press release 2019-12-12).The Dixie Ten-Mile property comprises 89 claims, covering approximately ~2,000 hectares. The property has excellent access and logistics, from Red Lake or Ear Falls, and is traversed by the Snake Falls main access road.The Dixie Ten-Mile property covers 4-5 km of strike length along two mineralized stratigraphic horizons hosting Cu-Zn mineralization and exhibiting intense footwall hydrothermal alteration. The property has seen intermittent exploration since 1950's with resurgence in 1960's upon the discovery of the South Bay Mine, located approximately 45 kilometers to the north-east. Major mining companies including Selco, Noranda, Minnova-Inmet, Rio Algom, Inco and Homestake working in the area in the 1970- 1990's. Tribute Minerals Inc. (\"Tribute\") in the early 2000's completed line cutting, geophysical surveys, a Quantec Geosciences Titan-24 surveys, and additional diamond drilling.Highlights include:Dixie 18 Zone - The northern horizon hosts the Dixie 18 deposit with resources (historic, non-43-101 compliant (*1) reported by Noranda of 110,000 tons (99,820 tonnes) grading 0.5% Cu and 12.5% Zn to a depth of 150 meters.Dixie Gap - Approximately 1.5 kilometers east of the Dixie 18 occurrence, a cluster of strong AEM (airborne electromagnetic) (INPUT) targets (known as the Dixie Gap) indicates continuing conductivity to the west.Dixie 19 and Dixie 17 - The second mineralized horizon is located 1.5 kilometers south of the Dixie ...