Infinite Ore Conducts VTEM Plus Survey Extends and Reprices Warrants

Ad blocking detected

Thank you for visiting We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Club
$299/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

VANCOUVER, BC / ACCESSWIRE / November 26, 2020 / Infinite Ore Corp. (the "Company") (ILI-TSX:V) (OTCQB:ARXRF) is pleased to announce that it will conduct a VTEM Plus geophysical survey on its Eastern Vision project located in the Red Lake, Ontario Gold Belt. Eastern Vision covers large parts of the Birch-Uchi greenstone belt to the east of the high-grade gold discovery on the Dixie property held by Great Bear Resources Ltd. Results from the VTEM survey as well as the recently announced Spacio-temperal Geochemical Hydrocarbon ("SGH") survey (see PR dated November 3, 2020) will be used to identify additional targets for an upcoming drill program.

VTEM (Versatile Time Domain Electromagnetic) is a system which generates currents that diffuse deep into the earth and take the path of least resistance. Conductive material absorbs the currents and releases a secondary field that the VTEM system measures. The Brich-Uchi greenstone belt has yielded both gold mineralization (e.g. Dixie property) as well as VMS style mineralization (e.g. Garnet Lake deposit). The Company plans to search for both gold mineralisation and other VMS deposits that may exist in the area.

J.C St-Amour, President of Infinite Ore commented, "The Birch-Uchi greenstone belt has been historically explored for base metals, however new high-grade gold discoveries in the area have demonstrated the potential for more gold discoveries. The VTEM and SGH survey's will assist us in developing our next drill program."

In addition, the Company announces that it intends to extend and reprice 39,000,000 warrants (the "Warrants") that were issued in pursuant to private placements that closed on December 22, 2017. The Warrants have an exercise price of $0.20 and are due to expire on December 22, 2020. The Company intends to amend these warrants to have an exercise price of $0.16 per Warrant and extend to expiry date to December 22, 2022. The extension and repricing are subject to TSX Venture Exchange approval.

The Company further announces that a NI 43-101 geological report on the Garnet Lake property has been completed and, as required by the TSX.V regulators, has been submitted for review.

Dr. Michel Bolly, P. Geo, is the qualified person as defined by National Instrument 43-101 has designed and is managing the current exploration program on behalf of the Company and is responsible for approving the technical contents of this press release.

About Infinite Ore Corp.

Infinite Ore is a junior mining exploration company focused on seeking and acquiring world-class mineral projects. The company is earning into a large land package with the potential for VMS and gold mineralization in the Confederation Lake assemblage belt near Red Lake, Ont. The company also holds the Jackpot lithium property located near Nipigon, Ont.

"J.C. St-Amour"
J.C. St-Amour, President

Telephone: 1-604-683-3995
Toll Free: 1-888-945-4770

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

FORWARD LOOKING STATEMENTS: This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward -looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at WWW.SEDAR.COM).

SOURCE: Infinite Ore Corp.

View source version on

Comment On!

Upload limit is up to 1mb only
To post messages to your Socail Media account, you must first give authorization from the websites. Select the platform you wish to connect your account to (via Easy Blurb).