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Infinite Acquires Dixie 3 and Ben Lake Property in the Red Lake District, Canada
VANCOUVER, BC / ACCESSWIRE / December 12, 2019 / Infinite Lithium Corp. ("ILI" or the "Compa...
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[{"type":"text","content":"Infinite Acquires Dixie 3 and Ben Lake Property in the Red Lake District, CanadaVANCOUVER, BC / ACCESSWIRE / December 12, 2019 / Infinite Lithium Corp. (\"ILI\" or the \"Company\") (TSXV:ILI)(OTCQB:ARXRF) is pleased to announce that the Company has acquired a 100% interest in a package of two additional strategic claim groups known as the \"Dixie 3\" and \"Ben Lake\" properties from Pistol Bay Mining Inc., in the Red Lake Mining District. The Dixie 3 property is approximately 18 kilometers east of the eastern boundary of Great Bear Resources Corp.'s (GBR-TSX:V) Dixie Project, and approximately 22 kilometers north-east of the active drilling by BTU Metals Corp. (BTU-TSX:V) on the recently reported TNT volcanogenic massive sulphide (VMS) target. The Ben Lake property is contiguous to the north of the Company's recently acquired \"Eastern Vision\" properties.The Dixie 3 and Ben Lake properties are contiguous and comprises 178 single-cell mining claims and 3 boundary cell mining claims, covering approximately 3,680 hectares. Both properties have multiple known VMS mineral occurrences, electromagnetic (EM) and magnetic geophysical anomalies, and favorable alteration patterns. Both properties also have excellent access and logistics from Red Lake or Ear Falls.The Dixie 3 property hosts the Dixie 3 VMS zone which, to the best of the vendors knowledge, was not assayed for gold. A number of mineralized zones or targets defined by historic diamond drilling, including:Breccia Zone, with 3.63% Zn over a intercept of 2.0 metresTen Mile Zone, with a 4.0 metre intercept of 1.25% Zn and 0.11% CuDixie South - West Zone, with a 24 metre intercept of 0.57% Zn and 0.05% CuDixie South - Central Zone, with 0.95% Zn over a intercept of 18.4 metresDixie South - East Zone, with a 28 metre intercept of 0.50% Zn and 0.04% Cu, including 5.2 metres of 1.9% Zn and 0.11% CuSouth Zone Vent Breccia, intercept averaging 6.5 metres of 1.96% ZnVent Zone, with a 30.5 metre intercept of 1.1% Zn and 0.08% Cu.Source: Assessment reports by Noranda Exploration Company, Selco Mining Company, Hudson Bay Exploration and Development Ltd. and BP Minerals, 1976 to 2003In 2008, Tribute Minerals carried out a Titan-24 DCIP and MT survey over the Dixie 3 area covering approximately one-sixth of the property. The results of the DCIP were filed for assessment work and demonstrated...