Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
What is this worth per share now with this deal?
that would be nice
Looking for .05-.10
IFAM every dip @0.01 got bought; nice setup here
Yeah, would love to see a rally in the power hour. $IFAM
Let's break .015 in afternoon and move this thing into the week ahead
Ceo owns a bundle. No dilution and no issued preferred shares. Plus there is a royalty paymemt included as well as the stock and cash
Should see a nice steady climb to silver here. Nyse company agreement
Thanks bro! I am looking to buy more, this was just a starter. $IFAM
Looks like a good buy friend
Just bought some at .01.
I am really just starting to dive into this but so far - Impressed. No dilution and this moves up for the next days. A little consolidation here around 01-0125 but it was ready to pop earlier.
CEO buys are impressive
IFAM I just finished the Q and form 4s. very impressive. no toxic debt. All notes are held by CEO's another company. No discount for those notes as well.
no prefer shares + no toxic notes + CEO holding 50% common + CEO buying @$0.01 = GOLD
That's exactly what I am reviewing now.
IFAM if you read the past filings. you will see CEO bought large chunks @0.01 per share
I think it will. Someone just got out with a profit. This news is really good stuff. 3 year contract too
Surprised IFAM isnt moving to test the 52 high at .025 on this news / 8 k!
I would say this one has a long way to go. Very good news...Only 9 followers on board. Scanners will pick this up for sure tonight.
IFAM 0.01 x 0.0125 bid/ask gap closing. consolidation at $0.01
IFAM CEO shows ownership of 63M common shares. AND MORE IMPORTANT: NO PREFFER SHARES
Total indirect ownership is 63,686,257 shares. 59,720,908 shares by Mont Strategies, Inc., 2,511,174 shares by British American Mining Inc., 1,365,675 shares by Metal Holdings Inc. and 88,500 shares by Nevada Refinery Inc. All four of these corporations are owned or controlled by Todd Montgomery.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10915512
this is crazy thin
IFAM no toxic debt. money in pocket. read their last Q.
Subsequent Event
The Company had received 350,000 shares of IMMC’s common stock on September 9, 2015, pursuant to the option agreement between SRC and IMMI, IMMC’s wholly owned subsidiary, as further described in Note 13, Commitments and Contingencies. On October 14, 2015, the Company received the final cash payment of $100,000.
http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=11013819
IFAM BREAKING NEWS CONFIRMED BY BOTH PARTIES. REAL BUSINESS.
IFAM no post on ihub. 0.015 falling on breaking news linked to NYSE
NEWS: Infrastructure Materials Corp. Secures Working Capital Loan
http://www.otcmarkets.com/news/otc-market-headline?id=16278191
Jul 09, 2014 (Newsfile Corp via COMTEX) -- Infrastructure Materials Corp. (TSXV: IFM) (OTCPINK: IFAM) ("Infrastructure" or the "Company") is pleased to announce that it has arranged for a $70,000 loan, proceeds of which will be used for working capital. The loan is unsecured, bears interest at 4% per annum and is payable on demand. The lender is a private corporation controlled by a director of the Company, who disclosed his conflict of interest to the Company's Board of Directors and abstained from voting in connection with this matter.
Infrastructure Materials Corp. is a Reno, Nevada based exploration stage company that is directing its efforts to the exploration and development, if warranted, of precious metal properties located in Nevada and cement grade limestone deposits in strategic locations in the United States.
For further information please see our public filings at www.sedar.com and www.sec.gov/edgar.shtml or contact:
Mason Douglas, President and CEO Phone: 866-448-1073 Email: info@infrastructurematerialscorp.com or visit our website at www.infrastructurematerialscorp.com or www.cementforthefuture.com
TWO ADDITIONAL HANGING WALL INTERCEPTS AT NIVLOC PROJECT
RENO, NV, June 23, 2011 /PRNewswire/ - Infrastructure Materials Corp. (OTCBB: IFAM) (the "Company") is pleased to announce positive drill results from three additional diamond drill holes at the Nivloc Mine Project (the "Project"). Exploration of the Project in Esmeralda County, Nevada is being conducted by International Millennium Mining Inc. ("IMMI"), a wholly-owned subsidiary of International Millennium Mining Corp. (TSX-V: IMI) under an option agreement with the Company's wholly-owned subsidiary, Silver Reserve Corp. (see the Company's press release dated February 28, 2011).
Results from drill efforts on the Project include holes 11NL-8, 9 & 10, drilled from Pad 3, located approximately 450 feet west of Pad 2. Additional holes, including 11NL-14, just completed, and the re-drilled 11NL-12A have been drilled from Pad 3 as well. One more drill hole, 11NL-15, is now underway from Pad 3, after which the drill will be moved back to Pad 2 to target the 400 foot Level, which is above 11NL-5 & 6 and to the southwest along strike.
Drill Highlights from hole 11NL-8 include:
5.5 feet @ 0.43 gm/t gold (Au) and 293 gm/t silver (Ag) - Main Nivloc vein
5.0 feet @ 1.52 gm/t Au and 198 gm/t Ag; - Main Nivloc vein
Drill Highlights from hole 11NL-9 include:
3.6 feet @ 5.46 gm/t Au and 360 gm/t Ag; - Hanging Wall vein
27.6 feet @ 1.60 gm/t Au and 142.4 gm/t Ag; - Main Nivloc vein
Drill Highlights from hole 11NL-10 include:
7.5 feet @ 4.67 gm/t Au and 501 gm/t Ag; - Hanging Wall vein
42.5 feet @ 0.57 gm/t Au and 94 gm/t Ag - - Main Nivloc vein
Targeting the 650 Level area, hole 11NL-8 intersected the Main Nivloc vein some 200 feet west of 11NL-5. Hole 11NL-9 intersected the Main Nivloc vein approximately 320 feet southwest of 11NL-5, closer to the 700 Level. Hole 11NL-10 targeted the 790 Level area 215 feet vertically below and 320 feet southwest of hole 11NL-5. Hole 11NL-5, reported on in a prior release, contained four favorable grade vein zones of probable mining widths.
On June 14, 2011, the Company first announced the new Hanging Wall vein found in hole 11NL-6. This new Hanging Wall vein represents a previously unknown and un-mined vein. Of particular interest in today's reported results are two more encouraging intercepts on this now emerging Hanging Wall vein zone. Thus far the Hanging Wall vein has been intersected in holes 11NL-5, 6, 7, 9, & 10. Assays are pending for holes 11NL-11, 13 & 14 and hole 11NL-12A is being submitted for assay. Having completed 14 holes, IMMI is beginning to outline a possible Ag/Au block of mineralization measuring 400 feet along strike and 200 feet down dip, measured vertically.
Summary of Drill Results
(Drill Holes 11NL-5 & 6 Repeated)
Hole # AZo Dipo Interval* Feet Au gm/t Ag gm/t
11NL-5 190 -75 462.8-463.5 0.7 2.46 428.0
Unreported thin Hanging Wall Vein
11NL-5 190 -75 613.7-632.5 18.8 2.56 241.4
656.0-665.8 9.8 0.926 467.2
676.0-704.0 28.0 0.30 273.9
713.3-729.0 15.7 6.19 112.0
including 725.3 - 729.0 3.7 25.50 208.0
11NL-6 158 -79 370.5-378.0 7.5 3.56 719.5
649.2-669.3 20.1 1.70 180.8
704.0-753.5 49.5 1.09 106.5
11NL-8 152 -53 541.8-544.5 2.7 1.04 85.0
549.8-551.8 2.0 1.60 88.0
657.0-662.5 5.5 0.43 293.0
666.5-671.0 4.5 0.77 54.0
833.5-839.2 5.7 0.60 95.0
845.0-850.0 5.0 1.52 198.0
11NL-9 165 -56 662.2-665.8 3.6 5.46 360.0
Hanging Wall Vein
877.4-905.0 27.6 1.60 142.0
11NL-10 165 -65 797.5-805.0 7.5 4.67 501.0
Hanging Wall Vein
851.1-864.5 13.4 0.37 75.0
919.0-961.5 42.5 0.57 94.0
*True widths have not been calculated and are therefore not known
Thomas L. Evans, California Professional Geologist, and the Qualified Person under Canadian National Instrument 43-101 in charge of the drilling program, reviewed and approved the technical contents of this press release.
The drill assay intervals were calculated using the weighted average method. Drill core analysis and assaying were conducted by ALS Chemex which is an ISO Certified laboratory. IMMI 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.
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.
Back to top
Buy ASAP guys.
MGold Announces an Agreement with Silver Reserve Corp. On the Silver Queen and Klondyke Silver-Gold Properties, NevadaFont size: A | A | A
8:34 AM ET 6/16/11 | Marketwire
MGold Resources Inc. ("MGold" or the "Company") (TSX VENTURE: MNI) announces that it has entered into a non binding letter of intent (the "Letter of Intent") with Silver Reserve Corp. ("SRC") of Reno, Nevada, to acquire, through a subsequent option and joint venture agreement (the "Joint Venture Agreement") to be entered in by MGold and SRC, a 50% working interest in the Silver Queen and Klondyke Properties located in Nevada. SRC is a wholly-owned subsidiary of Infrastructure Materials Corp. ("IMC"), a U.S. exploration stage mining company publicly traded on the NASDAQ OTC:BB under the symbol IFAM.
MGold will have an option to acquire a 50% working interest in the Silver Queen Property by incurring exploration expenditures totaling $4 million over a 30 month period further to the conclusion of the Joint Venture Agreement pursuant to the following schedule: $750,000 after 6 months; $650,000 after 12 months, $850,000 after 18 months, $1,150,000 after 24 months and $600,000 after 30 months and by making cash payments of an aggregate amount of $2,000,000 over a 27 month period pursuant to the following schedule further to the conclusion of the Joint Venture Agreement : $150,000 upon completion of project financing; $130,000 after 6 months; $170,000 after 12 months; $200,000 after 18 months; $350,000 after 24 months and $1,000,000 after 27 months.
Mgold will have a similar, separate option to acquire a 50% working interest in the Klondyke Property by incurring exploration expenditures totaling $1,350,000 over a 30 month period: $250,000 after 6 months; $250,000 after 12 months, $250,000 after 18 months, $300,000 after 24 months and $300,000 after 30 months and by making cash payments of $265,000 over a 27 month period: $30,000 upon completion of project financing; $25,000 after 6 months; $25,000 after 12 months; $30,000 after 18 months; $30,000 after 24 months and $125,000 after 27 months.
The completion of the transactions contemplated in the Letter of Intent are subject to the prior approval by the TSX Venture Exchange, the execution of the Joint Venture Agreement, the completion of a satisfactory due diligence review by both MGold and SRC and the completion by MGold of a minimum financing of $1,000,000 before September 1, 2011.
SILVER QUEEN PROPERTY
The Silver Queen Silver Property (the "Property") is located in the Red Mountain Mining District of Esmeralda County, Nevada and is comprised of 147 unpatented mineral claims covering an area of 2,996 acres. The Property is subject to a Technical Report made pursuant National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") dated May 29, 2010 for IMC. The Property is situated 25 miles west of the historic mining town of Silver Peak. The district is characterized by the occurrence of steeply dipping epithermal silver-bearing quartz-calcite veins, and can carry significant amounts of silver-bearing minerals. The Property is underlain entirely by Tertiary volcanic rocks and most of it is within the boundary of a collapsed caldera.
The Property encompasses two sites of historical production called the Mohawk and Silver Queen. The Silver Queen records are not available for review. The Mohawk vein system appears to have produced 106,448 tons averaging 18.7 oz/t silver (1.87M oz silver) mainly from 1921 to the early 1960's, with limited production from 1980-81 (Bruff & Baker, 1982). In 1982 and 1983 further studies were conducted to determine "geologic" and "mining" reserves on the Mohawk. Although a more comprehensive study must be undertaken, as well as a re-categorization of the "Reserves" according to NI 43-101 standards, it is interesting to note that in a report written by Bruff in 1983 the geologic reserve category was estimated at 95,221 tons of 13.2 oz/t silver (1,256,917 oz of contained silver), and in the mining reserve category 84,240 tons of 11.5 oz/t silver for 968,760 ounces of contained silver. As mentioned below, the reader is cautioned that there has not been sufficient work undertaken to classify this historical estimate as current mineral resources as defined in NI 43-101.
In 2008, SRC conducted a very limited drilling campaign which consisted of 2 Reverse Circulation ("RC") and 2 Diamond Drill Holes ("DDH") in the Mohawk area, as well as 4 RC holes in the northern part of the property. Two of the holes near the Mohawk Mine, core hole MOR3 and RC hole CM01 encountered extensive and well mineralized zones of silver within the vein and host altered host rock and are described as follows:
View data
------------------------------------------------------------------ DDH Depth ft. Depth ft. Depth ft. Silver ------------------------------------------------------------------ MOR3 From To Total (oz/t) ------------------------------------------------------------------ 345 350 5 14.54 ------------------------------------------------------------------ 350 355 5 7.12 ------------------------------------------------------------------ 355 360 5 7.08 ------------------------------------------------------------------ 360 365 5 9.63 ------------------------------------------------------------------
The altered zone in MOR3 returned a 95 ft intersection (true width about 60 ft.) grading 4.05 oz/t silver from 325 to 420 ft including a higher grade zone with a weighted average of 9.59 oz/t silver over 20 ft (345-365 ft).
View data
------------------------------------------------------------------ RC Hole Depth ft. Depth ft. Depth ft. Silver ------------------------------------------------------------------ CM01 From To Total (oz/t) ------------------------------------------------------------------ 357 362 5 6.84 ------------------------------------------------------------------ 362 367 5 5.35 ------------------------------------------------------------------ 367 372 5 4.74 ------------------------------------------------------------------ 382 385 3 9.72 ------------------------------------------------------------------ 385 390 5 12.44 ------------------------------------------------------------------ 390 395 5 8.93 ------------------------------------------------------------------
The altered zone in CM01 as provided above returned a 60 ft wide (true width about 38 ft.) intersect grading 4.70 oz/t silver from 340 to 400 ft including two higher grade zones with weighted averages of 5.64 oz/t silver over 15 ft from 357 to 372 ft, and 10.46 oz/t silver over 13 ft from 382 to 395 ft. Both of the above mentioned holes were drilled to test the extension and to verify the mineralization in the area of the Mohawk Mine. From surface mapping it appears the Mohawk vein system runs for about 1.8 miles along strike which can ultimately lead to a considerable resource should the width and grades hold out as in the Mohawk mine area. A drill program is currently being planned.
KLONDYKE PROPERTY
The Klondyke Property is located in the Klondyke Mining District in Esmerelda County, Nevada, 15 miles south of the town of Tonopah. The Property is comprised of 118 mineral claims covering an area of approximately 2,438 acres and is situated 5 miles southeast of Allied Nevada Gold's ("ANV") Hasbrouck Property.
Historic mining activity on the Klondyke Property is witnessed by numerous prospect pits, adits and shafts. In 2006 and 2007 SRC mapped the Klondyke and a series of high angle NW and NE trending faults were identified in the field. Also during this mapping campaign, 6 sampling grids were established and rock chips and soil samples collected. Sampling on Grid 2 show that silver-copper-lead and zinc anomalies are usually oriented along NE trends which are in proximity to an intrusive body. In the main area of the workings white quartz veining containing black manganese and iron oxides trend NW and is traceable for 800 ft before dipping below the overburden to the south. The veins in this area range from 5-20 ft wide and appear to be sheeted.
About 200 rock samples from this program yielded some very encouraging silver grades from four different areas. Some good gold grades are provided as well. The best assays and are shown in the following table:
View data
--------------------------------------------------------------------- Silver Gold Lead Zinc Target Area No. Sample No. (oz/t) (g/t) Cu (%) (%) (%) --------------------------------------------------------------------- 1 KD293376 193 0.08 1.44 1.66 0.17 --------------------------------------------------------------------- " KD293282 47 0.19 0.29 0.27 0.07 --------------------------------------------------------------------- " CKD1 5.2 2.22 0.12 3.17 0.07 --------------------------------------------------------------------- 2 KD293386 8.5 0.03 0.03 0.22 0.44 --------------------------------------------------------------------- " RKD3 0.75 0.05 0 0.07 0 --------------------------------------------------------------------- 3 KD293325 12.1 1.75 0.10 0.61 0.08 --------------------------------------------------------------------- " KD293382 35 0 0.29 2.74 0.19 --------------------------------------------------------------------- 4 KD293341 6.9 2.39 0.04 0.24 0.07 --------------------------------------------------------------------- " KD293254 9.9 0 0.04 0.41 0.06 ---------------------------------------------------------------------
The Property is tied onto the southern boundary of ANV's Kondike Flats Property which is contiguous and just south-southeast of the Hasbrouck Property. In the first quarter of 2011 ANV reported some high grade drill intercepts on Hasbrouck such as 525 ft of 0.132 oz/t gold and 2.43 oz/t silver as well as 617 ft of 0.057 oz/t gold and 1.01 oz/t silver in the Saddle Zone. Both Hasbrouck and Klondyke are located within what has been described as "Walker Lane", a 50-mile wide corridor of northwesterly trending strike-slip faults. It is interesting to note that on ANV's presentation map (May 2, 2011) a series of Northwest-Southeast and Northeast-Southwest faults have been interpreted from a gravity survey. These same faults have also been identified on Klondyke. A drilling program on Klondyke is being planned.
The Qualified Person ("QP"), as defined in NI 43-101, responsible for the issuance of this press release is Joel Scodnick, P.Geo., President & CEO of MGold. The QP, has not done sufficient work to classify this historical estimate as current mineral resources. MGold is not treating the historical estimate as current mineral resources, as defined in NI 43-101.
MGold is engaged in mineral exploration for precious and base metals. The Company also has the Burchell Lake Property, which is prospective for gold, copper, and molybdenum, in the Shebandowan area of Northwestern Ontario. MGold has 13,271,324 issued and outstanding common shares.
For further information, please bookmark www.mgold.ca (under construction).
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.
View data
Contacts: In Canada: MGold Resources Inc. Joel Scodnick President and Chief Executive Officer (705) 522.4439 (705) 522.8694 (FAX) joelscodnick@me.com MGold Resources Inc. Marc Poitras Chief Financial Officer and Director (705) 222-1700 (705) 222-1701 (FAX) marc@poitrasca.ca In Europe: MGold Resources Inc. W. Ian L. Forrest Chairman and Director +41 79 202 6927 +41.22.899.9501 (FAX) ian@forrestenterprise.com
SOURCE: MGold Resources Inc.
mailto:joelscodnick@me.com
mailto:marc@poitrasca.ca
mailto:ian@forrestenterprise.com
INFRASTRUCTURE MATERIALS CORP. - COMPANY TO SELL INTERESTS IN SILVER PROJECTS
INFRASTRUCTURE MATERIALS CORP. - COMPANY TO SELL INTERESTS IN SILVER PROJECTSFont size: A | A | A
9:15 AM ET 6/16/11 | PR Newswire
Infrastructure Materials Corp. (OTCBB: IFAM) (the "Company") is pleased to announce that its wholly-owned subsidiary, Silver Reserve Corp. ("SRC"), has signed a letter of intent (the "Letter") with MGold Resources Inc. (TSXV: MNI) ("MGold") to sell 50% working interests in SRC's Silver Queen Claim Group and Klondyke Claim Group. Pursuant to the Letter, MGold will incur exploration expenditures totaling $4,000,000 and pay SRC $2,000,000 to acquire a 50% interest in the Silver Queen Claim Group. Similarly, MGold will incur exploration expenditures totaling $1,350,000 and pay SRC $265,000 to acquire a 50% interest in the Klondyke Claim Group. SRC will retain a 50% joint venture interest in both properties. The terms of the Letter provide for MGold's exploration expenditures to occur over a 30-month period and the payments to SRC to occur over a 27-month period.
The completion of the transactions contemplated in the Letter are subject to a number of conditions, including the prior approval by the TSX Venture Exchange, and the completion by MGold of a minimum financing of $1,000,000 before September 1, 2011.
SILVER QUEEN PROPERTY
The Silver Queen Silver property (the "Silver Queen Property") is located in the Red Mountain Mining District of Esmeralda County, Nevada and is comprised of 147 unpatented mineral claims covering an area of approximately 2,996 acres. The Company has obtained a Technical Report pursuant Canadian National Instrument 43-101 - Standards of Disclosure for Mineral Projects dated May 29, 2010 for the Silver Queen Property. The Silver Queen Property is situated 25 miles west of the historic mining town of Silver Peak, Nevada. The district is characterized by the occurrence of steeply dipping epithermal silver-bearing quartz-calcite veins, and can carry significant amounts of silver-bearing minerals. The Silver Queen Property is underlain entirely by Tertiary volcanic rocks and most of it is within the boundary of a collapsed caldera.
In 2008, the Company conducted a very limited drilling campaign which consisted of 2 Reverse Circulation ("RC") and 2 Diamond Drill Holes ("DDH") in the Mohawk area, as well as 4 RC holes in the northern part of the property. Two of the holes near the Mohawk Mine, core hole MOR3 and RC hole CM01 encountered extensive and well mineralized zones of silver within the vein and host altered host rock and are described as follows:
DDH Depth ft. Depth ft. Depth ft. Silver
MOR3 From To Total (oz/t)
345 350 5 14.54
350 355 5 7.12
355 360 5 7.08
360 365 5 9.63
The altered zone in MOR3 returned a 95 ft intersection (true width about 60 ft.) grading 4.05 oz/t silver from 325 to 420 ft including a higher grade zone with a weighted average of 9.59 oz/t silver over 20 ft (345-365 ft).
View data
RC Hole Depth ft. Depth ft. Depth ft. Silver CM01 From To Total (oz/t) 357 362 5 6.84 362 367 5 5.35 367 372 5 4.74 382 385 3 9.72 385 390 5 12.44 390 395 5 8.93
The altered zone in CM01 as provided above returned a 60 ft wide (true width about 38 ft.) intersect grading 4.70 oz/t silver from 340 to 400 ft including two higher grade zones with weighted averages of 5.64 oz/t silver over 15 ft from 357 to 372 ft, and 10.46 oz/t silver over 13 ft from 382 to 395 ft. Both of the above mentioned holes were drilled to test the extension and to verify the mineralization in the area of the Mohawk Mine. From surface mapping it appears the Mohawk vein system runs for about 1.8 miles along strike which could lead to a considerable resource should the width and grades hold out as in the Mohawk mine area. A drill program is currently being planned.
KLONDYKE PROPERTY
The Klondyke property (the "Klondyke Property") is located in the Klondyke Mining District in Esmeralda County, Nevada, 15 miles south of the town of Tonopah, Nevada. The Klondyke Property is comprised of 118 mineral claims covering an area of approximately 2,438 acres and is situated 5 miles southeast of Allied Nevada Gold's ("ANV") Hasbrouck Property.
Historic mining activity on the Klondyke Property is evidenced by numerous prospect pits, adits and shafts. In 2006 and 2007 the Company mapped the Klondyke Property and a series of high angle NW and NE trending faults were identified in the field. Also during this mapping campaign, 6 sampling grids were established and rock chips and soil samples collected. Sampling on Grid 2 show that silver-copper-lead and zinc anomalies are usually oriented along NE trends which are in proximity to an intrusive body. In the main area of the workings white quartz veining containing black manganese and iron oxides trend NW and is traceable for 800 ft before dipping below the overburden to the south. The veins in this area range from 5-20 ft wide and appear to be sheeted.
About 200 rock samples from this program yielded encouraging silver grades from four different areas. Some good gold grades were provided as well. The best assays and are shown in the following table:
View data
Target Sample # Silver Gold Cu (%) Lead (%) Zinc (%) Area # (oz/t) (g/t) 1 KD293376 193 0.08 1.44 1.66 0.17 " KD293282 47 0.19 0.29 0.27 0.07 " CKD1 5.2 2.22 0.12 3.17 0.07 2 KD293386 8.5 0.03 0.03 0.22 0.44 " RKD3 0.75 0.05 0 0.07 0 3 KD293325 12.1 1.75 0.10 0.61 0.08 " KD293382 35 0 0.29 2.74 0.19 4 KD293341 6.9 2.39 0.04 0.24 0.07 " KD293254 9.9 0 0.04 0.41 0.06
The Klondyke Property abuts the southern boundary of ANV's Kondike Flats Property. A drilling program on the Klondyke Property is being planned.
Management is pleased with the proposed sale of 50% interests in the Silver Queen and Klondyke Projects to MGold and believes that MGold will be a great working partner on these precious metal projects.
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.
INFRASTRUCTURE MATERIALS CORP. - DISCOVERY OF NEW HANGING WALL VEIN AT NIVLOC PROJECT
RENO, NV, June 14, 2011 /PRNewswire/ - Infrastructure Materials Corp. (OTCBB: IFAM) (the "Company") is pleased to announce positive drill results from two additional diamond drill holes at the Nivloc Mine Project (the "Project"). Exploration of the Project in Esmeralda County, Nevada is being conducted by International Millennium Mining Inc. ("IMMI"), a wholly-owned subsidiary of International Millennium Mining Corp. (TSX-V: IMI) under an option agreement with the Company's wholly-owned subsidiary, Silver Reserve Corp. (see the Company's press release dated February 28, 2011).
The best gold (Au) and silver (Ag) values were intersected in hole 11NL-6 drilled from Pad 2, the same site from which 11NL-5 was drilled (see press release dated April 20, 2011).
Drill Highlights from 11NL-6 include:
7.3 feet grading 3.56 gm/t Au and 719.5 gm/t Ag - intersected in the hanging wall above the main Nivloc vein.
20.1 feet grading 1.7 gm/t Au and 180.5 gm/t Ag - intersected in the main Nivloc vein.
49.5 feet grading 1.09 gm/t Au and 106.5 gm/t Ag - intersected in the main Nivloc vein.
Hole 11NL-6 was targeted 155 feet to the northeast of hole 11NL-5 to extend the strike length in that direction. Hole 11NL-7, intersecting the Nivloc vein at a much deeper level (830 feet) and in footwall Alaskite granite, cut one good 2.2 foot interval grading 3.01 gm/t Au and 264 gm/t Ag. Five lower grade intervals were intersected as well. Hole 11NL-7 contained abnormal amounts of vein calcite which tends to lower the precious metals values. In addition to Hole 11NL-7, holes 11NL-8 through 11NL-14 have been completed, totaling approximately 8,200 feet (~2500 meters). This total does not include hole 11NL-12 which was lost at 392.5 feet and is being re-drilled at this time. Holes 11NL-8 through 11NL-11 and 11NL-13 have been logged, sampled and submitted for assay.
Results and Comments
Hole # Azimuth Dip Interval* Feet Au gm/t Ag gm/t
11NL-5 190o -75 o 613.7 - 632.5 18.8 2.56 241.4
656.0 - 665.8 9.8 0.926 467.2
676.0 - 704.0 28.0 0.30 273.9
713.3 - 729.0 15.7 6.19 112
including 725.3 - 729.0 3.7 25.5 208
11NL-6 158 o -79 o 370.5 - 378.0 7.5 3.56 719.5
649.2 - 669.3 20.1 1.70 180.8
704.0 - 753.5 49.5 1.09 106.5
11NL-7 129 o -78 o 786.3 - 788.5 2.2 3.01 264.0
*True widths have not been calculated and are therefore not known
In response to encouraging results and increasing knowledge of the Nivloc vein system, IMMI has commenced staking additional ground contiguous to its existing holdings. To date, twenty claims have been staked and recorded.
Mr. Todd Montgomery, Chief Executive Officer of the Company says, "We are very pleased with the new results from IMMI's drill program. They continue to support an aggressive drilling program on the Nivloc property."
Thomas L. Evans, California Professional Geologist, and the Qualified Person under Canadian National Instrument 43-101 in charge of the drilling program, reviewed and approved the technical contents of this press release.
The drill assay intervals were calculated using the weighted average method. Drill core analysis and assaying was conducted by ALS Chemex which is an ISO Certified laboratory. IMMI 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.
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.
New PR has been released
All, get it the boat asap. Or else you will cry.
http://www.prnewswire.com/news-releases/infrastructure-materials-corp---discovery-of-new-hanging-wall-vein-at-nivloc-project-123807489.html
Soon we will hear a good news
Kerry Pushes Infrastructure Spending During Boston Stop
OSTON — Massachusetts’ senior senator, John Kerry, is trying to drum up support for establishing a national infrastructure bank for public works projects.
Kerry says projects like high-speed rail and other mass transit represent the effectiveness of taxpayer dollars working for the people. His “Build Act” would create a financing authority that would provide loans and loan guarantees to infrastructure projects.
Kerry acknowledges it’s important to reduce the deficit and debt, but “right now, we can balance the budget and we can get control of the deficit without turning our back on the investments that create jobs and improve the quality of life for our citizens,” Kerry said at South Station Friday.
Kerry says China is spending 9 percent of its Gross Domestic Product on infrastructure and Europe is spending 5 percent. Here in the U.S. that figure is lower than 2 percent.
Report Says US Lagging in Infrastructure Spending
A new report says the United States is lagging far behind other nations, including China, India and Brazil, when it comes to investing in infrastructure projects.
IFAM is a GOOD Buy Call
All, just to let you know that IFAM is going to fly soon. Their insiders are buying this stocks like crazy. On the top of that, there are few investor are on this group which means more money to gain from this stock. Latest buy price for insiders are 0.115 and the current buy price is 0.10, which means the stock is ready to explode soon. I would say it will go up to 300-400% easily and later it will grow more. I am not bashing for this stock. This is a real company. If you don't trust me then check at www.insidercow.com and type IFAM. You will notice that the insiders are crazy about this stock.
Now we got some serious volume coming in. 120k traded today. Price up to boot!
More News!
Infrastructure Materials Corp. - Company to Sell Interest in Silver Project
Date : 10/18/2010 @ 9:15AM
Source : PR Newswire
Stock : Infrastructure Matls Corp (BB) (IFAM)
Quote : 0.22 0.0 (0.00%) @ 8:46AM
Infrastructure Materials Corp. - Company to Sell Interest in Silver Project
Infrastructure Matls Corp (BB) (OTCBB:IFAM)
Intraday Stock Chart
Today : Monday 18 October 2010
Click Here for more Infrastructure Matls Corp (BB) Charts.
Infrastructure Materials Corp. (NASDAQ OTC-BB: Symbol IFAM) (the "Company") is pleased to announce that its wholly-owned subsidiary, Silver Reserve Corp. ("SRC"), has signed a letter of intent with International Millennium Mining Corp. ("IMMC") to sell an 85% interest in SRC's NL Extension Projects Claim Group (the "NL Project"). Pursuant to the letter of intent, SRC will receive $350,000 and 1,925,000 shares of IMMC for the NL Project. SRC will retain a 15% joint venture interest in the property as well as a 2% net smelter royalty. The terms of the sale provide for payments to SRC and vesting of IMMC's interest to occur over a five-year period. If the NL Project reaches feasibility, based upon criteria described in the letter of intent, SRC will be required to fund its portion of the operating budget in order to retain its 15% joint venture interest.
The NL Project consists of 18 mineral claims located in Esmeralda County, Nevada, approximately 6 miles southwest of Silver Peak, Nevada on Highway 47. The Nivloc Mine, located adjacent to the NL Project claims, operated from 1937 to 1943 with ore grading 1.4175 grams of gold and 311.85 grams of silver per ton, according to public records. The NL Project represents one of the Company's 13 silver projects in Nevada that, along with a milling facility, are available for sale as a result of the Company's decision to focus on limestone properties.
Management is pleased with the sale of the NL Project to IMMC and believes that IMMC will be a great working partner on the NL Project.
IMMC is as a publically traded (TSX-V: IMMC) Canadian mineral exploration company with an experienced management team and an aggressive silver exploration strategy in Nevada.
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.
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.
Boing boing boing. Up and down we go. One day sooon we go up up up and stay up.
Yo,Yo,Yo, Here we Go!!!!!!!
Blue Nose Plan of Operations Drilling Completed
Date : 09/14/2010 @ 9:15AM
Source : PR Newswire
Stock : Infrastructure Matls Corp (BB) (IFAM)
Quote : 0.17 -0.02 (-10.53%) @ 4:01PM
Blue Nose Plan of Operations Drilling Completed
Infrastructure Matls Corp (BB) (OTCBB:IFAM)
Intraday Stock Chart
Today : Tuesday 14 September 2010
Click Here for more Infrastructure Matls Corp (BB) Charts.
Infrastructure Materials Corp. (NASDAQ OTC-BB: Symbol IFAM) (the "Company") is pleased to announce the completion of drilling and initial assay results on the Blue Nose Project under the Plan of Operations. The Blue Nose Project consists of 301 mineral claims covering over 6,000 acres located 90 miles northeast of Las Vegas, Nevada in Lincoln County. This extensive drill program, on approximately 14 of the project's 301 claims, is designed to provide the data necessary to delineate sufficient tonnages for a resource base.
The completed Plan of Operations drill program consisted of 28 holes for a total of 17,000 feet. Earlier drilling phases included an additional 13,000 feet. Drilling has offered a better understanding of the two units of limestone that make up the Monte Cristo Formation on the Blue Nose Property. Drilling indicates a 100-150 foot thick upper limestone unit with a moderate amount of silica needed for cement, and a lower high grade white limestone formation that is 400-450 feet thick. As expected, the bottom of the Monte Cristo Formation represents a thick dolomite bed.
Initial assay results from the first five holes received (BNR-37, BNR-38, BNR-42, BNR-43 and BNR-44) of the Plan of Operations Drill Program are encouraging for limestone suited for cement production. Below is a brief summary of the grades of calcium carbonate (%) over depth in these holes:
- BNR-37: 55'-60' - 100%; 75'-190' - 93.87%; 200'-220' - 100%; 225'-
245' - 98.32%; 255'-515' - 100%; 525'-530' - 86.22%
- BNR-38: 260'-265' - 83.46%; 290'-295' - 82.52%; 300'-330' - 90.64%;
345'-355' - 92.14%; 395'-425' - 92.38%; 430'-450' - 96.75%; 455'-
585' - 88.83%; 600'-650' - 90.19%; 660'-715' - 92.09%
- BNR-42: 0'-145' - 100%; 150'-195' - 97.95%; 295'-315' - 86.23%; 330'-
340' - 91.44%; 375'-380' - 96.55%
- BNR-43: 0'-145' - 97.33%; 165'-175' - 96.46%
- BNR-44: 10'-25' - 88.19%; 30'-70' - 95.15%; 75'-170' - 89.56%; 175'-
185' - 90.35%; 220'-225' - 88.91%; 225'-260' - 98.99%; 265'-290' -
89.21%; 295'-305' - 89.95%; 310'-335' - 100%
Once the remaining assay results are received from the laboratory, the Company will proceed with building the cross sections and assay files for the resource calculations that will be conducted by Mine Development Associates, Inc. of Reno, Nevada. In the meantime, the drill holes are being surveyed to accurately locate the drill collars. With this information added to existing topographical maps, Management expects to have an accurate measure of the resource base and plans to proceed with the development of a mine plan.
Results from this phase of exploration for the Company represent the culmination of two years of effort toward the realization of a large cement grade limestone project in a suitable location to economically reach markets in California, Arizona, Nevada, Idaho and Utah.
Management is encouraged with the timing of the development of the Blue Nose project. On September 6, 2010, President Barack Obama proposed a six-year plan to rebuild infrastructure with an initial $50 billion investment and prepared new business tax cuts. He was quoted as saying at a labor rally in Milwaukee,
"We are going to rebuild 150,000 miles of our roads -- that's enough to
circle the world six times.
... We're going to lay and maintain 4,000 miles of our railways -- enough
to stretch coast-to-coast,"
The federal government's focus toward infrastructure spending is well timed. In the American Society of Civil Engineers' "2009 Report Card for America's Infrastructure," the ASCE graded the U.S. infrastructure as "Poor" and estimated "that $2.2 trillion needs to be invested over five years to bring the condition of the nation's infrastructure up to a good condition."
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.
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. 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.
The reader is also cautioned that the Company has not determined that it has a commercial body of ore. The term "resource" is an estimate and is not a term that is recognized by SEC guidelines. A "resource" must be further defined and the Company must undertake a feasibility study of the results (if a feasibility study is warranted) to determine whether an economically viable reserve exists at a property.
SOURCE Infrastructure Materials Corp.
Bookmark With :
Facebook MySpace Twitter Digg Del.icio.us StumbleUpon Reddit Google Bookmarks Newsvine Technorati Furl AIM Slashdot Yahoo
Heres some more to consider, this is legit. Get your positions now before the insiders keep snagging it all up!
--------------------------------------------------------------------------------
< Back to Market News
--------------------------------------------------------------------------------
Related Quotes
Sym. Price Chg.
IFAM Trade
News 0.31 0
Blue Nose Plan of Operations Begins
Aug 16, 2010 09:15:00 (ET)
RENO, NV, Aug 16, 2010 /PRNewswire via COMTEX/ -- Infrastructure Materials Corp. (NASDAQ OTC-BB: Symbol IFAM) (the "Company") is pleased to announce the commencement of drilling on the Blue Nose Project under the recently approved Plan of Operations. The Blue Nose Project consists of 301 mineral claims covering over 6,000 acres located 90 miles northeast of Las Vegas, Nevada in Lincoln County. This extensive drill program, on approximately 20 of the project's 301 claims, is designed to provide the data necessary to delineate sufficient tonnages for a resource base.
Drilling under the Blue Nose Plan of Operations involves grid drilling in a 500 foot drill center pattern to depths that range from 300 to 1,200 feet, depending on the nature of the limestone beds. In addition to drilling, the Blue Nose program includes road building, blasting, assaying and additional technical staff. To ensure that the program progresses in the most timely and cost efficient manner, two drills will run around the clock with an expected program duration of 35 days. Ensuing assay results are expected to take 2 to 4 weeks to process. As of August 11, six drill holes had been completed with depths of 400 to 800 feet in the northeast portion of the project area and the program is progressing within budget.
This next phase of exploration for the Company represents the culmination of two years of effort toward the realization of a large cement grade limestone project in a suitable location to economically reach markets in California, Nevada, Idaho and Utah.
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.
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.
Up 42% here dude. Watch for a dip and catch you a starter position. Someone is gonna get this on there radar and money will be made.
Wahooooey!! Up 42% on low volume! Why this one gets so little attention is beyond my comprehension.
HERE YA GO BOYS!!! MORE NEWS !!!
Infrastructure Materials Corp. Announces Private Placement
9:15 AM ET 6/28/10 | PR Newswire
Infrastructure Materials Corp. (NASDAQ OTC-BB: Symbol IFAM) (the "Company") is pleased to announce that it closed a US$1,603,831 non-brokered private placement on June 25, 2010. The Company issued 6,973,180 common shares at a price of US$0.23 per share in the private placement.
Proceeds of the private placement will be used to fund the Blue Nose Plan of Operations Drill Program scheduled for early summer, as well as for general corporate purposes. The Blue Nose Project consists of 301 mineral claims covering over 6,000 acres located 90 miles northeast of Las Vegas, Nevada in Lincoln County. The Company is expecting to receive approval of the Plan of Operations from the Bureau of Land Management in the next two weeks, allowing the Company to commence an extensive 25,000 foot drill program with an estimated cost of US$1.2 million. This program is designed to provide the data necessary to calculate an indicated resource and begin pit design engineering. Management believes the Blue Nose Project is well suited to economically reach markets in California, Nevada, Idaho, and Utah.
The Company is of the view that advancements of the Blue Nose Project are well timed to meet upcoming cement market recovery. Late this month, a Nevada State Legislative Committee recommended the creation of a new north-south Interstate 11 freeway incorporating portions of US Highways 93 and 95 and running from Las Vegas to Reno. Additionally, plans progress toward the development of a US$3.5 billion high speed train between Las Vegas and Los Angeles. Both proposed construction developments are within close proximity to the Blue Nose Project.
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.
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.
Followers
|
9
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
112
|
Created
|
08/01/07
|
Type
|
Free
|
Moderators |
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |