More Drill Results at Nivloc Project Provided by Infrastructure Materials Corp.'s Joint Venture Partner
March 06 2012 - 9:20AM
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 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 results announced by IMMI are from holes drilled on the
Nivloc Property, holes 11NL-23 through 11NL-25, all intersected
zones with greater than 137 grams/tonne (g/t) silver (see drill
highlights and table below). These holes were drilled from pad 2
near the center of the zone and were designed to test previously
undrilled portions of the deposit below the old workings. The
IMMI drilling program at Nivloc continues to expand the mineralized
zone, which remains open at depth and along strike to both the
northeast and southwest directions.
Drill holes 11NL-23 to 11NL-25 intersected 261 g/t to
449 g/t lenses, enclosed by zones of lower grade material.
Highlights include:
Drill Highlights from hole 11NL-23: 64.0 feet @
124.4 g/t Ag and 0.69 g/t Au – Main Nivloc vein, including: 5.0
feet @ 449 g/t Ag and 1.84 g/t Au - Main Nivloc vein
Drill Highlights from hole 11NL-24: 40.5 feet @
134.0 g/t Ag and 1.89 g/t Au – Main Nivloc vein, including: 12.0
feet @ 267.1 g/t Ag and 2.79 g/t Au - Main Nivloc vein
Drill Highlights from hole 11NL-25: 104.7 feet
@ 129.0 g/t Ag and 0.85 g/t Au – Main Nivloc vein, including: 5.0
feet @ 353.0 g/t Ag and 3.97 g/t Au - Main Nivloc vein 4.0 feet @
318.0 g/t Ag and 1.22 g/t Au - Main Nivloc vein 9.0 feet @ 260.9
g/t Ag and 2.19 g/t Au - Main Nivloc vein
Drill hole 11NL-23 intersected the Nivloc vein system between
the 440 foot and 600 foot levels, in the eastern portion of the
target area immediately west of the old workings. Holes
11NL-24 and 11NL-25 were located beneath the old workings between
the 600 foot and 700 foot levels (11NL-24) and between the 700 foot
and 800 foot levels (11NL-25). The level numbers referred to
above are deemed to be approximate.
All three holes also intersected a mineralized quartz vein zone
in the rocks that overlie the Main Nivloc Vein structure. This zone
is thought to be oblique to the Nivloc Structure and has not been
previously exploited by mining activities.
Drill Hole Results
Hole
No.*** |
AZo |
Dipo |
Interval
(feet) |
Width
(feet) (drill) |
Width
(feet) (estimated
true)* |
Ag
(g/t) |
Au
(g/t) |
Vein
Description** |
11NL-23 |
152 |
-63 |
424.2-429.0 |
4.8 |
N/D†† |
131.6 |
0.47 |
HWV |
|
|
|
589.0-653.0 |
64.0 |
62.3 |
124.4 |
0.69 |
MNV |
Including |
|
|
636.0-649.5 |
13.5 |
13.1 |
273.4 |
1.66 |
MNV |
Including |
|
|
641.0-646.0 |
5.0 |
4.9 |
449.0 |
1.84 |
MNV |
11NL-24 |
119 |
-78 |
332.5-343.0 |
10.5 |
N/D |
231.0 |
2.51 |
HWV |
|
|
|
683.5-724.0 |
40.5† |
33.2 |
134.0 |
1.89 |
MNV |
Including |
|
|
683.5-695.5 |
12.0 |
9.8 |
267.1 |
2.79 |
MNV |
Including |
|
|
683.5-686.0 |
2.5 |
2.1 |
483.0 |
6.75 |
MNV |
11NL-25 |
097 |
-82 |
397.9-413.0 |
15.1 |
N/D |
100.9 |
0.86 |
HWV |
|
|
|
737.3-842.0 |
104.7 |
61.7 |
129.0 |
0.85 |
MNV |
Including |
|
|
754.0-759.0 |
5.0 |
2.95 |
353.0 |
3.97 |
MNV |
Including |
|
|
799.8-813.2 |
13.4 |
7.8 |
209.4 |
0.94 |
MNV |
Including |
|
|
806.0-810.0 |
4.0 |
2.4 |
318.0 |
1.22 |
MNV |
And |
|
|
833.0-842.0 |
9.0 |
5.3 |
260.9 |
2.19 |
MNV |
|
|
|
|
|
|
|
|
|
* Estimated true
widths are calculated and may change with additional structural
information. ** Hanging Wall Vein (HWV); Main Nivloc Vein (MNV).
**** Previous drill hole results are set out in the Company's prior
press releases. † Hole 11NL-24 encountered a 24 foot void below the
683.5 to 724.0 foot intersection. This is assumed to be an old
mining "raise" between the 600 foot and 700 foot levels. †† N/D =
not yet determined. |
|
|
|
|
|
|
|
|
As noted above, 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-foot level
drift in the old mine workings. The 800 foot mine level is
approximately 900 feet vertically below surface, and the vein and
workings dip from minus-45 to minus-65 degrees toward the
northwest. Previous mining at Nivloc focused on higher-grade lenses
of ore that were encountered while drifting along the vein
structure. The IMMI drilling program indicates 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 higher-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.
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 are 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, a qualified
person under NI 43-101, 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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