Initial Resource Estimate on Blue Nose

News provided by

Infrastructure Materials Corp.

Jan 10, 2011, 09:15 ET

RENO, NV, Jan. 10 /PRNewswire/ - Infrastructure Materials Corp. (NASDAQOTC-BB: Symbol IFAM) (the "Company") is pleased to announce the receipt of a resource estimate for its Blue Nose Project (the "Project") in Lincoln County, Nevada. Initial resource estimates for the Project consist of 168,349,800 tonnes of indicated and 23,097,000 tonnes of inferred cement grade limestone (contains CaO). (Please refer to the table below for further details of the resource breakdown.) Lower grade limestones are also present at the site, some of which may be blendable with higher grade products. The resource estimate for the Project was prepared by Neil B. Prenn, P.Eng. of Mine Development Associates of Reno, Nevada. The Project consists of 255 mineral claims covering over 5,200 acres and is located 90 miles northeast of Las Vegas, Nevada.

The table below summarizes the resources for the deposit. The resources are broken in to the rock units for low MgO (<5%) indicated materials, Low MgO (<5%) inferred materials, and high MgO (>5%) materials. In the table below LG is low grade CaO and HG is high grade CaO in the two units, a Lower White unit and the overlying Blue Nose unit, the latter generally having a moderate to high silica content.

 
Blue Nose Resource - Low MgO (<5%) Indicated
Rock Code Class 000's Tonnes % CaO % MgO % Na2O % SiO2 % Al2O3 % Fe2O3 % LOI
Lower White Indicated 143,232.6 54.78 0.71 0.01 2.55 0.46 0.22 40.81
Lower White - LG Indicated 7,414.5 40.24 0.92 0.01 6.48 0.69 0.47 31.62
Blue Nose - HG Indicated 17,702.7 49.87 1.75 0.02 9.46 0.42 0.20 37.85
Subtotal Indicated 168,349.8 53.62 0.83 0.01 3.45 0.47 0.23 40.09
Blue Nose - LG Indicated 38,241.3 34.26 1.83 0.00 31.87 0.76 0.50 26.28
Total Low MgO Indicated 206,591.1 50.04 1.01 0.01 8.71 0.52 0.28 37.54
*Note:  Blue Nose - LG may not be a viable cement product for blending due to high silica
                   
 
Blue Nose Resource - Low MgO (<5%) Inferred
Rock Code Class 000's Tonnes % CaO % MgO % Na2O % SiO2 % Al2O3 % Fe2O3 % LOI
Lower White Inferred 18,242.5 54.60 0.79 0.01 2.56 0.45 0.21 40.95
Lower White - LG Inferred 505.2 47.21 1.03 0.03 12.56 1.03 0.68 35.86
Blue Nose - HG Inferred 4,349.3 50.01 1.54 0.02 8.51 0.45 0.20 38.77
Subtotal Inferred 23,097.0 53.57 0.94 0.01 3.90 0.46 0.22 40.43
Blue Nose - LG Inferred 4,659.0 35.64 1.98 0.00 32.37 0.76 0.48 27.93
Total Inferred 27,756.0 50.56 1.11 0.01 8.68 0.51 0.26 38.33
*Note:  Blue Nose - LG may not be a viable cement product for blending due to high silica
                   
 
Blue Nose Resource - High MgO Indicated
Rock Code Class 000's Tonnes % CaO % MgO % Na2O % SiO2 % Al2O3 % Fe2O3 % LOI
Lower White Indicated 29.6 52.38 5.12 0.00 2.44 0.23 0.17 39.56
Lower White - LG Indicated 24.1 47.75 5.32 0.02 2.94 0.98 0.24 42.37
Blue Nose - HG Indicated 922.2 48.64 6.35 0.01 3.77 0.25 0.12 39.60
Subtotal Indicated 975.9 48.73 6.29 0.01 3.71 0.27 0.12 39.67
Blue Nose - LG Indicated 14,127.8 35.76 7.10 0.00 26.28 0.39 0.35 29.79
Total Indicated 15,103.7 36.60 7.05 0.00 24.82 0.38 0.34 30.43
*Note:  Blue Nose - LG may not be a viable cement product for blending due to high silica  
                   
 
Blue Nose Resource - High MgO Inferred
Rock Code Class 000's Tonnes % CaO % MgO % Na2O % SiO2 % Al2O3 % Fe2O3 % LOI
Lower White Inferred 3.7 52.64 5.14 0.00 2.45 0.23 0.17 39.29
Lower White - LG Inferred 1.9 47.74 5.01 0.00 1.70 0.34 0.24 39.99
Blue Nose - HG Inferred 511.1 48.53 6.62 0.00 3.29 0.19 0.11 39.51
Subtotal Inferred 516.7 48.56 6.60 0.00 3.28 0.19 0.11 39.51
Blue Nose - LG Inferred 1,376.1 37.20 6.51 0.00 23.18 0.50 0.33 31.85
Total Inferred 1,892.8 40.30 6.54 0.00 17.75 0.42 0.27 33.94
*Note:  Blue Nose - LG may not be a viable cement product for blending due to high silica

Management is pleased with the progress to date on the Project. The Company believes it has identified, drilled, and defined a major cement grade limestone resource near the Las Vegas and California markets. Mr. Todd Montgomery, CEO of the Company commented, "In less than two years our team has made tremendous progress. Despite the present decline in the cement markets I believe we are ideally positioned. Infrastructure in the U.S. is in a state of serious disrepair, the housing market is going to recover, and cement production within California will drop due to plant shutdowns over strict emission standards."

With the announcement of the Blue Nose Project resource, the Company now holds defined cement grade limestone resource calculations in both Canada and the U.S. In February 2010 the Company acquired Canadian Infrastructure Corp. (CIC), a corporation holding quarry leases for three cement grade properties in southern Manitoba (see Press Release dated February 11, 2010). The Canadian properties are situated to competitively reach markets in Manitoba, Saskatchewan, Alberta, western Ontario, Minnesota, North Dakota and Montana. Authors of a National Instrument 43-101 compliant report prepared for CIC estimated an inferred mineral resource of 89 million tonnes grading > 42% CaO on the quarry leases.

The reader is cautioned that the terms "resource," "indicated" and "inferred" are not terms recognized by the United States Securities and Exchange Commission's (the "SEC") guidelines for disclosure of mineral properties, however, they are recognized defined terms under Canadian disclosure guidelines. Generally, "indicated" and "inferred" estimates do not rise to the level of certainty required by SEC guidelines. The mineralized material described in this press release is not considered a "reserve" as that term is used in the mining industry and in SEC disclosure guidelines. The foregoing description of the CIC Property was prepared according to the standards of Canadian National Instrument 43-101, which is not a standard recognized by the SEC.

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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