Infinico Discovers Lithium Mineralization on Dalhousie Property Under Option from Globex
December 20, 2023 – Rouyn-Noranda, Quebec, Canada. GLOBEX MINING ENTERPRISES INC. (GMX – Toronto Stock Exchange, G1MN – Frankfurt, Stuttgart, Berlin, Munich, Tradegate, Lang & Schwarz, LS Exchange, TTMzero, Düsseldorf and Quotrix Düsseldorf Stock Exchanges and GLBXF – OTCQX International in the US) is pleased to report that Infinico Metals Corp” (INFM-TSXV), formerly called Burin Gold Corp., has made a discovery of significant lithium mineralization on the Dalhousie property located 180 km northeast of Val-d’Or, Quebec currently under option from Globex. The Dalhousie property is an advanced nickel, copper, cobalt exploration property with mineralization on surface and in drill holes over an approximate 6 km strike length. The discovery of lithium mineralization on the property significantly expands the diverse economic potential of the property. Grab samples are reported by Infinico to assay up to 4.45% Li2O. Six grab samples results are listed below.
Assay results from surface grab sampling program, per Infinico
| Sample ID |
Sample Type |
Rock Type |
Li2O*
(%) |
Cs
(ppm) |
Ta2O5**
(ppm) |
| K28401 |
Rock Chip |
Pegmatite |
0.92 |
41.10 |
21.2 |
| K28402 |
Rock Chip |
Pegmatite |
1.59 |
33.30 |
44.8 |
| K28403 |
Rock Chip |
Pegmatite |
4.39 |
59.40 |
107.6 |
| K28404 |
Rock Chip |
Pegmatite |
4.45 |
32.90 |
57.5 |
| K28405 |
Rock Chip |
Pegmatite |
1.37 |
91.90 |
68.5 |
| K28406 |
Rock Chip |
Pegmatite |
3.91 |
75.40 |
57.0 |
Click here for a photograph of the lithium bearing pegmatite sampled during the field work as per Infinico
Grab samples are selective by nature and are unlikely to be representative of average grades.
(Click here to access today’s Infinico press release)
Globex announced to optioning the Dalhousie NI-Cu-Co property to Infinico (formerly called Burin Gold Corp.) on June 5, 2023. Over a 4-year period, the option agreement requires $1,500,000 in cash payments ($100,00 received), four million shares (one million received) and $5,000,000 of exploration expenditures. Globex will retain a 3% Gross Metal Royalty (GMR), 1% of which may be purchased by Infinico at any time. (Click here to access the June 5, 2023, press release).
Globex recently staked 49 claims adjoining the discovery property to the north which will be available for option.
This press release was written by Jack Stoch, Geo., President and CEO of Globex in his capacity as a Qualified Person (Q.P.) under NI 43-101. |
Infinico Discovers Lithium Mineralization on Dalhousie Property Under Option from Globex
