Infrastructure Materials Corp. - More Drill Results at Nivloc Project Announced By Joint Venture Partner
RENO, NV, July 14, 2011 /PRNewswire/ - Infrastructure Materials Corp. (OTCBB: IFAM) (the "Company") reports that its joint venture partner for the Nivloc Mine Project (the "Project") has released new assay results from three additional diamond drill holes at the Project. International Millennium Mining Inc. ("IMMI"), the Company's joint venture partner and a wholly-owned subsidiary of International Millennium Mining Corp. (TSX-V: IMI), is continuing its exploratory drilling at the Project under an option agreement with the Company's wholly-owned subsidiary, Silver Reserve Corp.
The new results announced by IMMI are from holes 11NL-11, 12A & 13, drilled from Pad 3, located some 450 feet west of Pad 2. Two additional holes, 11NL-14 & 15, have also been completed from Pad 3. The drill rig has now been moved back to Pad 2, to target the 380-400 foot levels, where IMMI anticipates good grade mineralization that was not mined during the 1930's and 1940's.
The following highlights were reported by IMMI.
Drill Highlight from hole 11NL-11:
6.8 feet @ 422 gm/t Ag and 5.54 gm/t Au - Main Nivloc vein
Drill Highlight from hole 11NL-12A:
7.3 feet @ 287 gm/t Ag and 1.94 gm/t Au - Main Nivloc vein
Drill Highlights from hole 11NL-13:
4.6 feet @ 395 gm/t Ag and 0.48 gm/t Au - Hanging Wall vein
6.0 feet @ 300 gm/t Ag and 2.56 gm/t Au - Main Nivloc vein
Drill hole 11NL-11 intersected the Nivloc vein system at the 530 foot level, 100 feet southwest of 11NL-5. While hole 11NL-11 experienced poor core recovery in the Main Nivloc vein zone, the results from the recovered core indicate the continuing strength of the Main Nivloc vein. Drill hole 11NL-12A intersected the Main Nivloc vein system at the 740 foot level 230 feet below or down dip from 11NL-5. Hole 11NL-12A filled a gap at that level that will require additional drilling along strike in both the southwest and northeast directions. Drill hole 11NL-13 intersected the Main Nivloc vein system at the 590 foot level, 80 feet southwest of hole 11NL-11, thus extending the mineralization in that direction. Drill hole 11NL-14 (assays pending) intersected the Main Nivloc vein system at the 740 foot level 120 feet northeast of hole 11NL-10 and 240 feet southwest of the intercept in hole 11NL-12A. Hole 11NL-14 penetrated Sunshine Mining's projected mineralization block 700-19W. Sunshine Mining held a lease on the property in the 1980s and completed a block model at that time. Drill hole 11NL-15 (assays pending) intercepted the Nivloc vein system at the 580 foot level 80 feet southwest of hole 13. All references to levels are measured vertically from the surface and not down dip on the 55 degree dipping vein system. The level numbers, along with distances from other hole intercepts, are deemed to be approximate. Sunshine Mining is a prior operator at the Project.
Having completed 15 holes, IMMI is beginning to outline an Ag/Au area of mineralization measuring 600 feet along strike and 300 feet down dip, measured vertically.
As mentioned above, the next round of drilling will focus on targeting the 380-400 foot level, 150 to 200 feet above holes 11NL-5 & 6 to the southwest and northeast along strike. It is stressed that no tonnage estimates have been calculated to date. Four holes (11NL-8, 9, 10 & 14) have penetrated Sunshine Mining's estimated mineralization blocks, whereas the results of holes 11NL-5, 6, 7, 11,12A and 13 are beginning to outline a new mineralized zone that lies outside these blocks.
Summary of Drill Results To Date
Hole # | AZo | Dipo | Interval* | Feet | Ag gm/t | Au gm/t | Vein Description** |
11NL-5 | 190 | -75 | 462.8-463.5 | 0.7 | 428.0 | 2.46 | HWV |
613.7-632.5 | 18.8 | 241.4 | 2.56 | MNV | |||
656.0-665.8 | 9.8 | 467.2 | 0.93 | MNV | |||
676.0-704.0 | 28.0 | 273.9 | 0.30 | MNV | |||
713.3-729.0 | 15.7 | 112.0 | 6.19 | MNV | |||
including | 725.3-729.0 | 3.7 | 208.0 | 25.50 | HWV | ||
11NL-6 | 158 | -79 | 370.5-378.0 | 7.5 | 719.5 | 3.56 | HWV |
649.2-669.3 | 20.1 | 180.8 | 1.70 | MNV | |||
704.0-753.5 | 49.5 | 106.5 | 1.09 | HWV | |||
11NL-8 | 152 | -53 | 541.8-544.5 | 2.7 | 85.0 | 1.04 | MNV |
549.8-551.8 | 2.0 | 88.0 | 1.60 | MNV | |||
657.0-662.5 | 5.5 | 293.0 | 0.43 | MNV | |||
666.5-671.0 | 4.5 | 54.0 | 0.77 | MNV | |||
833.5-839.2 | 5.7 | 95.0 | 0.60 | MNV | |||
845.0-850.0 | 5.0 | 198.0 | 1.52 | MNV | |||
11NL-9 | 165 | -56 | 662.2-665.8 | 3.6 | 360.0 | 5.46 | HWV |
877.4-905.0 | 27.6 | 142.0 | 1.60 | HWV | |||
11NL-10 | 165 | -65 | 797.5-805.0 | 7.5 | 501.0 | 4.67 | HWV |
851.1-864.5 | 13.4 | 75.0 | 0.37 | MNV | |||
919.0-961.5 | 42.5 | 94.0 | 0.57 | HWV | |||
11NL-11 | 138 | -50 | 411.0-413.0 | 2.0 | 100.0 | 1.64 | HWV |
735.0-736.5 | 1.5 | 153.0 | 0.91 | MNV | |||
750.5-757.3 | 6.8 | 422.0 | 5.54 | HWV | |||
11NL-12A | 139 | -63 | 858.3-865.6 | 7.3 | 287.0 | 1.94 | MNV |
including | 858.3-862.8 | 4.5 | 387.0 | 2.60 | MNV | ||
881.5-901.0 | 19.5 | 77.0 | 0.77 | MNV | |||
11NL-13 | 153 | -50 | 517.9-519.0 | 1.1 | 275.0 | 3.47 | HWV |
619.4-624.1 | 4.7 | 395.0 | 0.48 | MNV | |||
782.4-789.8 | 7.4 | 119.0 | 2.12 | MNV | |||
829.0-848.0 | 19.0 | 138.0 | 1.09 | MNV | |||
including | 829.0-835.0 | 6.0 | 300.0 | 2.56 | HWV |
*True widths have not been calculated.
**Hanging Wall Vein (HWV); Main Nivloc Vein (MNV)
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 assaying was conducted by ALS Chemex which is an ISO Certified laboratory. IMMI reports that it 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
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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