Additional Drill Results at Nivloc Project Provided by Infrastructure Materials Corp.'s Joint Venture Partner
March 12 2012 - 9:20AM
Infrastructure Materials Corp. (OTCBB:IFAM) (TSX-V:IFM) (TSX: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 11NL-26 to 11NL-28,
all designed to expand the mineralized zone on the Nivloc property,
which remains open at depth and along strike to both the northeast
and southwest directions.
Drill holes 11NL-26 to 11NL-28 intersected 244 grams/tonne (g/t)
to 352 g/t Ag lenses enclosed by wider zones of lower grade
material. Highlights include:
Drill Highlights from hole 11NL-26:
109.0 feet @ 78.0 g/t Ag and 0.37 g/t Au - Main Nivloc vein,
including: 8.0 feet @ 266.0 g/t Ag and 1.14 g/t Au - Main Nivloc
vein
Drill Highlight from hole 11NL-27:
18.2 feet @ 84.0 g/t Ag and 0.46 g/t Au - Main Nivloc vein
Drill Highlights from hole 11NL-28:
73.0 feet @ 157.8 g/t Ag and 1.33 g/t Au - Main Nivloc vein,
including: 6.5 feet @ 244.8 g/t Ag and 5.06 g/t Au - Main Nivloc
vein 9.0 feet @ 352.7 g/t Ag and 2.53 g/t Au - Main Nivloc vein
Drill hole 11NL-26 intersected the Nivloc vein system between
the 700 and 800 foot levels, in the eastern portion of the target
area below the old mine workings. Drill hole 11NL-27 was drilled to
the 440 foot level in the western part of the target area and was
designed to test a geological cross-cutting feature postulated in
this part of the vein system. This hole intersected two zones of
lower grade mineralization. Hole 11NL-28 was also drilled in the
western part of the target area, directly below Hole 11NL 27,
between the 600 and 700 foot levels. The level numbers referred to
above, along with distances from other hole intercepts, are deemed
to be approximate.
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-26 |
150 |
-63 |
927.0 - 1036.0 |
109.0 |
85.3 |
78.0 |
0.37 |
MNV |
Including |
|
|
929.5 - 942.0 |
12.5 |
9.8 |
139.6 |
1.02 |
MNV |
Also Including |
|
|
1017.0 - 1025.0 |
8.0 |
6.3 |
266.4 |
1.14 |
MNV |
11NL-27 |
144 |
-66 |
433.0 - 451.2 |
18.2 |
15.8 |
84.0 |
0.46 |
MNV (upper) |
Including |
|
|
433.0 - 439.7 |
6.7 |
5.8 |
201.0 |
0.72 |
MNV (upper) |
1NL-28 |
143 |
-88 |
842.0 - 915.0 |
73.0 |
47.9 |
157.8 |
1.33 |
MNV |
Including |
|
|
842.0 - 848.5 |
6.5 |
4.3 |
244.8 |
5.06 |
MNV |
Including |
|
|
846.5 - 848.5 |
2.0 |
1.3 |
395.0 |
11.55 |
MNV |
Also Including |
|
|
902.0 - 911.0 |
9.0 |
5.9 |
352.7 |
2.53 |
MNV |
Including |
|
|
907.0 - 911.0 |
4.0 |
2.6 |
431.0 |
2.70 |
MNV |
*Estimated true widths are
calculated and may change slightly with additional structural
information. |
**Main Nivloc Vein (MNV). |
*** Previous drill hole results
are set out in the Company's prior press releases. |
The drilling reported to date 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. 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.
Another component of the IMMI drilling program is directed
beneath and 500 feet west of the most westerly workings to test the
mineralized zone beyond the current target area.
It is stressed that no tonnage or grade estimates have been
calculated to date. The 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 on behalf of the Company.
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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