Additional Nivloc Project Drill Results Announced by Infrastructure Materials Corp.'s Joint Venture Partner
27 Fevereiro 2012 - 11:20AM
Infrastructure Materials Corp. (OTCBB:IFAM) (TSX-V:IFM)
(TSX-V:IFM.s) (the "Company") reports that its joint venture
partner for the Nivloc Mine Project (the "Project") released assay
results from four 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 results announced by IMMI are from holes 11NL-19 through
11NL-22, drilled from Pad 2 near the center of the zone, which
tested previously undrilled portions of the deposit. The IMMI
drilling program at Nivloc continues to expand the mineralized
zone, which remains open at depth and along strike in both
northeast and southwest directions.
The following highlights of Holes 11NL-19 to 11NL-22 were
reported by IMMI:
Drill Highlight from hole
11NL-19: |
16.8 feet @ 113.0 grams/tonne (g/t) Ag and
1.32 g/t Au - Main Nivloc vein |
|
Drill Highlight from hole
11NL-20: |
9.8 feet @ 173.0 g/t Ag and 1.78 g/t Au -
Main Nivloc vein |
|
Drill Highlights from hole
11NL-21: |
200.8 feet @ 120 g/t Ag and 1.01 g/t Au –
Main Nivloc vein, including: |
9.0 feet @ 418.0 g/t Ag and 0.72 g/t Au -
Main Nivloc vein, and |
4.0 feet @ 731.0 g/t Ag and 8.61 g/t Au -
Main Nivloc vein |
|
Drill Highlight from hole
11NL-22: |
8.2 feet @ 323.0 g/t Ag and 3.98 g/t Au
- Main Nivloc vein |
Drill hole 11NL-19 intersected the Nivloc vein system above the
440 ft level, in the eastern portion of the target area above the
main haulage drift in the old workings. Drill hole 11NL-20 was a
fill-in hole near the center of the target area and intersected the
Main Nivloc vein system between the 600 and 700 ft levels. Hole
11NL-21 intersected the Main Nivloc vein between the 600 and 700 ft
levels approximately 100 feet west of Hole 11NL-5. Drill hole
11NL-22 intersected the Main Nivloc vein system between the 600 and
700 ft levels and beneath the old workings in the eastern part of
the target area. The level numbers referred to above, along with
distances from other hole intercepts, are deemed to be
approximate.
Drill Hole
Results |
|
|
|
|
|
|
|
Hole No.*** |
AZ° |
Dip° |
Interval |
Width (ft) (drill) |
Width (ft) (estimated
true*) |
Ag (g/t) |
Au (g/t) |
Vein Description** |
|
11NL-19 |
112 |
-50 |
554.0-664.0 |
110 |
90.5 |
72 |
0.57 |
MNV |
including |
|
|
641.2-658.0 |
16.8 |
13.8 |
113 |
1.32 |
MNV |
including |
|
|
652.0-658.0 |
6 |
4.9 |
147 |
1.6 |
MNV |
|
|
|
|
|
|
|
|
|
11NL-20 |
212 |
-50 |
839.2-873.5 |
34.3 |
11.4 |
112 |
1.02 |
MNV |
including |
|
|
839.2-849.0 |
9.8 |
3.3 |
173 |
1.78 |
MNV |
|
|
|
|
|
|
|
|
|
11NL-21 |
188 |
-65 |
506.7-707.5 |
200.8 |
115.3 |
120 |
1.01 |
MNV |
including |
|
|
506.7-572.5 |
65.8 |
37.9 |
268 |
2.23 |
MNV |
including |
|
|
517.0-526.0 |
9 |
5.2 |
418 |
0.72 |
MNV |
also |
|
|
533.0-572.5 |
39.5 |
22.8 |
293 |
3.23 |
MNV |
including |
|
|
|
|
|
|
|
|
including |
|
|
554.0-558.0 |
4 |
2.3 |
731 |
8.61 |
MNV |
|
|
|
|
|
|
|
|
|
11NL-22 |
190 |
-87 |
670.0-688.0 |
18 |
10.6 |
191 |
2.05 |
MNV |
including |
|
|
674.8-683.0 |
8.2 |
4.8 |
323 |
3.98 |
MNV |
|
|
|
738.2-754.5 |
16.3 |
9.6 |
175 |
1.28 |
MNV |
including |
|
|
738.2-748.0 |
9.8 |
5.8 |
229 |
1.74 |
MNV |
*Estimated true widths are
calculated and may change slightly with additional structural
information. |
|
|
|
**Hanging Wall Vein (HWV); Main
Nivloc Vein (MNV) |
|
|
|
|
|
***Previous drill hole results
are set out in the Company's February 22, 2012 Press Release. |
|
|
|
|
The drilling program is focused on a target area that lies
between previously mined zones within the northeast-southwest
trending Nivloc vein structure. The exploration target lies between
the surface and the existing 800 ft level drift in the old mine
workings. The 800 ft mine level is approximately 900 feet
vertically below surface and the vein and workings dip from -45 to
-65 degrees towards the northwest. Previous mining at Nivloc
focused on high-grade lenses of ore that were encountered while
drifting along the vein structure. The IMMI drilling program
indicates that the Nivloc structure ranges from 50 to more than 150
feet wide and contains several parallel vein zones. It appears from
available data that only one of these parallel vein zones was
exploited by prior mining activity. In addition to the potential
for high-grade lenses similar to those that were mined
historically, the material between the lenses is consistently
mineralized to some degree.
It is stressed that no tonnage or grade estimates have been
calculated to date. The current drilling program is designed to
generate enough reliable information to outline viable mineralized
zones that can be converted to resources in compliance with
Canadian National Instrument (NI) 43-101 standards.
IMMI has increased the Project size by staking and adding 20
additional claims in April, 2011 and 73 additional claims in
September, 2011, for a total of 122 claims covering approximately
2,280 acres. In addition, IMMI also reported that it discovered a
decline on the Nivloc Mine property that is clean and structurally
sound, measuring nine feet by nine feet and approximately 2,000
feet in length, ending within 170 feet of the historic Nivloc
workings and approximately 80 feet above the 600 ft level. Together
with the water rights, the county road through the property and
power poles and lines already in place, this decline will be a
significant factor when it is time to make decisions about the
viability of bringing the Nivloc Mine back into production.
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 and the submission of duplicate samples to a second
laboratory to verify the integrity of the analytical results.
Thomas L. Evans, California Professional Geologist, IMMI's
qualified person under NI 43-101 in charge of the drilling program,
reviewed and approved the technical disclosure of this press
release.
Infrastructure Materials Corp. is a Reno, Nevada based
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 located in Nevada.
For further information please see our public filings at
www.sedar.com and www.sec.gov/edgar.shtml or contact:
Mason Douglas, President |
Phone 866-448-1073 |
Fax 775-322-4458 |
Email:
info@infrastructurematerialscorp.com |
or visit our website at |
www.cementforthefuture.com or |
www.infrastructurematerialscorp.com |
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.
This press release contains technical data concerning drilling
results that are intended for persons who have expertise with
respect to the interpretation of such data.
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.
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