INFRASTRUCTURE MATERIALS CORP. - DISCOVERY OF NEW HANGING WALL VEIN AT NIVLOC PROJECT
RENO, NV, June 14, 2011 /PRNewswire/ - Infrastructure Materials Corp. (OTCBB: IFAM) (the "Company") is pleased to announce positive drill results from two additional diamond drill holes at the Nivloc Mine Project (the "Project"). Exploration of the Project in Esmeralda County, Nevada is being conducted by International Millennium Mining Inc. ("IMMI"), a wholly-owned subsidiary of International Millennium Mining Corp. (TSX-V: IMI) under an option agreement with the Company's wholly-owned subsidiary, Silver Reserve Corp. (see the Company's press release dated February 28, 2011).
The best gold (Au) and silver (Ag) values were intersected in hole 11NL-6 drilled from Pad 2, the same site from which 11NL-5 was drilled (see press release dated April 20, 2011).
Drill Highlights from 11NL-6 include:
7.3 feet grading 3.56 gm/t Au and 719.5 gm/t Ag - intersected in the hanging wall above the main Nivloc vein.
20.1 feet grading 1.7 gm/t Au and 180.5 gm/t Ag - intersected in the main Nivloc vein.
49.5 feet grading 1.09 gm/t Au and 106.5 gm/t Ag - intersected in the main Nivloc vein.
Hole 11NL-6 was targeted 155 feet to the northeast of hole 11NL-5 to extend the strike length in that direction. Hole 11NL-7, intersecting the Nivloc vein at a much deeper level (830 feet) and in footwall Alaskite granite, cut one good 2.2 foot interval grading 3.01 gm/t Au and 264 gm/t Ag. Five lower grade intervals were intersected as well. Hole 11NL-7 contained abnormal amounts of vein calcite which tends to lower the precious metals values. In addition to Hole 11NL-7, holes 11NL-8 through 11NL-14 have been completed, totaling approximately 8,200 feet (~2500 meters). This total does not include hole 11NL-12 which was lost at 392.5 feet and is being re-drilled at this time. Holes 11NL-8 through 11NL-11 and 11NL-13 have been logged, sampled and submitted for assay.
Results and Comments | ||||||
Hole # | Azimuth | Dip | Interval* | Feet | Au gm/t | Ag gm/t |
11NL-5 | 190o | -75 o | 613.7 - 632.5 | 18.8 | 2.56 | 241.4 |
656.0 - 665.8 | 9.8 | 0.926 | 467.2 | |||
676.0 - 704.0 | 28.0 | 0.30 | 273.9 | |||
713.3 - 729.0 | 15.7 | 6.19 | 112 | |||
including | 725.3 - 729.0 | 3.7 | 25.5 | 208 | ||
11NL-6 | 158 o | -79 o | 370.5 - 378.0 | 7.5 | 3.56 | 719.5 |
649.2 - 669.3 | 20.1 | 1.70 | 180.8 | |||
704.0 - 753.5 | 49.5 | 1.09 | 106.5 | |||
11NL-7 | 129 o | -78 o | 786.3 - 788.5 | 2.2 | 3.01 | 264.0 |
*True widths have not been calculated and are therefore not known
In response to encouraging results and increasing knowledge of the Nivloc vein system, IMMI has commenced staking additional ground contiguous to its existing holdings. To date, twenty claims have been staked and recorded.
Mr. Todd Montgomery, Chief Executive Officer of the Company says, "We are very pleased with the new results from IMMI's drill program. They continue to support an aggressive drilling program on the Nivloc property."
Thomas L. Evans, California Professional Geologist, and the Qualified Person under Canadian National Instrument 43-101 in charge of the drilling program, reviewed and approved the technical contents of this press release.
The drill assay intervals were calculated using the weighted average method. Drill core analysis and assaying was conducted by ALS Chemex which is an ISO Certified laboratory. IMMI has implemented a quality assurance and quality control program to ensure that sampling and analysis of all samples is conducted in accordance with the best possible practices. The system includes the use of standards, blanks and duplicates to ensure analytical accuracy.
Infrastructure Materials Corp. is an exploration stage mining company that is directing its efforts to the exploration and development, if warranted, of cement grade limestone deposits in strategic locations in the United States and Canada and precious metal properties in Nevada.
FORWARD-LOOKING STATEMENTS: This news release contains certain "forward-looking statements" within the meaning of U.S. securities laws Forward-looking statements are frequently characterized by words such as "plan," "expect," "project," "intend," "believe," "anticipate," "estimate" and other similar words or statements to the effect that certain events or conditions "may", "have" or "will" occur. This release also contains statements based upon historical records pertaining to our mineral claims that have not been verified by the Company. The term, "resource" is not a term that is recognized by SEC guidelines and does not rise to the level of certainty required by SEC guidelines. Forward-looking statements or references to historical records are based on the material in our possession, opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those stated or projected in this press release. The Company undertakes no obligation to update forward-looking statements or historical information. The reader is cautioned not to place undue reliance on forward-looking statements.
SOURCE Infrastructure Materials Corp.
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