More Nivloc Project Drill Results Provided by Infrastructure Materials Corp.'s Option Holder
19 Mars 2012 - 2:20PM
Infrastructure Materials Corp. (OTCBB:IFAM) (TSX-V:IFM)
(TSX-V:IFM.s) (the "Company") reports that International Millennium
Mining Inc. ("IMMI"), the option holder for the Nivloc Mine Project
(the "Project") released assay results from two additional diamond
drill holes at the Project. IMMI, a wholly-owned subsidiary of
International Millennium Mining Corp. (TSX-V:IMI), is continuing
its exploratory drilling at the Project under an option agreement
to acquire an 85% interest in 18 claims at the Project that are
held by the Company's wholly-owned subsidiary, Silver Reserve Corp.
The results announced by IMMI are from holes 11NL-29 and 11NL-30
(see drill highlights and table below), located in the western part
of the Nivloc Vein structure. Both holes were collared from pad 4
and are part of a systematic drilling program designed to test a
1,200 foot long by 800 foot vertical, un-mined zone within the
Nivloc Mine. The IMMI drilling program at Nivloc continues to focus
on expanding the mineralized zone, which remains open at depth and
along strike to both the northeast and southwest directions.
The following highlights of Holes 11NL-29 to 11NL-30 were
reported by IMMI:
Drill Highlights from hole 11NL-29: 172.6 feet
@ 53.3 grams/tonne g/t Ag and 0.64 g/t Au - Main Nivloc vein,
including: 13.5 feet @ 292.3 g/t Ag and 2.46 g/t Au - Main Nivloc
vein
Drill Highlights from hole 11NL-30: 196.0 feet
@ 98.6 g/t Ag and 0.31 g/t Au - Main Nivloc vein, including: 5.5
feet @ 1,725.0 g/t Ag and 0.16 g/t Au - Main Nivloc vein
Both holes (11NL-29 and 11NL-30) intersected the Nivloc vein
system between the 440 and 600 foot levels, in the western portion
of the target area, east of the westernmost mine workings. The
holes were centered 100 feet apart, and intersected 292 g/t to
1,725 g/t Ag and 1.26 g/t to 2.46 g/t Au lenses within a wide zone
of lower grade material. 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 (ft) |
Width (feet)
(drill) |
Width (feet) (estimated
true)* |
Ag (g/t) |
Au (g/t) |
Vein
Description** |
11NL-29 |
135 |
-81 |
593.4 – 766.0 |
172.6 |
121.1 |
53.3 |
0.64 |
MNV |
Including |
|
|
593.4 – 609.5 |
16.1 |
11.3 |
109.0 |
2.22 |
MNV |
Also Including |
|
|
752.5 – 766.0 |
13.5 |
9.5 |
292.3 |
2.46 |
MNV |
11NL-30 |
125 |
-75 |
538.0 – 734.0 |
196.0 |
147.0 |
98.6 |
0.31 |
MNV |
Including |
|
|
538.0 – 555.0 |
17.0 |
12.8 |
135.1 |
1.26 |
MNV |
Also Including |
|
|
710.5 – 734.0 |
23.5 |
17.6 |
462.5 |
0.63 |
MNV |
Including |
|
|
710.5 – 716.0 |
5.5 |
4.1 |
1,725.0 |
0.16 |
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 feet 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.
Another component of the IMMI drilling program is directed
beneath and 500 feet west of the most westerly workings and to the
northeast of the main 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 and a
qualified person under NI 43-101, reviewed and approved the
technical disclosures 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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