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MCLN will be 2 cents in one month..lol
All pump hard. MCLN will be 2 cents soon ...lol
You can pump very good. But do you think anyone is impressed your pump? LOL no one does. Come on kid, wake up and grown up. I have invested a lot of money on this stock and i like to see a nice run up, but its not happening. This is a very good stock but the MM's are killing. My suggestion is to you that instead of pumping non sense, just keep quiet.
By the time D is removed, Stock PPS would be 0.01. All the crooks are running this company
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.
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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.
My sixth sense is saying that soon MCLN will be 5 cents and then it will fly and fly
Stay away from this Stock. This is total scam. they will do another reverse split. Forget those bull...t* pr.
Soon MCLN will be around 4 cent. Buy it now before it explodes. By the end of the MAY it will reach to 4 cents. Mark my word!!!
GOD, please make us Rich. Please make this company Rich. Please make the PPS at least 0.04-0.10 in few weeks.
please please ....
I wish this goes to 5 cents in few days so that i could payoff my debt. I lost lots of money on other penny stocks. But i feel that this is the only one stock which can make me even.
I urge everyone to buy this stock and push this stocks to 5-10 cents.
Always they post foul news. In 4 months the stocks dropped down to 99%. Another Reverse split will happen soon.
I wish it goes to at least 0.001
A 400% run is near very soon
I have a confidence that MCLN will run up to 400% in very short time. And it could happen within 1- 2 weeks. This is the only real penny stock.
Never buy this Stock....
you will loose 100% of your hard money
Best time to buy
PPS 0.01-0.03 in one month
Are we still alive? hahaha
This will never ever move to North...
Do not spend a single penny of this SCAM stock!!!
This is just a warning to all share holder. Please do not bother to buy this b**shit company. Save money and buy some Good Nasdaq Stock. At least there is a hope that you can get you money back.
Can we see PPS 0.04-0.14 within 1 month?
Yes, I think we can. This is the only real company from all Penny Stocks. Buy now and become rich.
invest in CYCA. Its a good company. My prediction is that soon it will move to 0.03 cents.
So invest now. I am not bashing. its true
So why are you waiting, just file to SEC.
We have to send him Jail.
why no one is complaining to SEC?
Guys why you taking long time? why you guys are not filing to SEC? the company is dead and the people's on this company are crocked.Just file to SEC and you will get justice.
Reverse split is coming soon:
sell before ...this is a total scam.
File a complain to SEC. at least you will get a justice
0.007.... hahah...
you forget to put 1 zero before 7.
0.0007
Just dream on. Yea he will surprise us when he will do another 24000:1 r/s.
Mr. Edward. you are a crminial. You are taking people's hard money. God will punish you.
By the way, I have already complained a file to SEC. So pack your stuff to go to Jail.
Just made a Complain to SEC. They are going to investigate this Stock. CEO will go to jail soon.
In previous, I made a complain about IGNT stock and they investigated the company and found some crooks. The CEO is on the court now, and sooner or later will go to jail.
Don't be fool with Goldman's small cap price Target, these are all
lies. Stay away from this company and do not give your hard money to
big fishes. I have experienced with Goldman's prediction many times,
its just a piece of crap. If you don't trust me then check some of the
stocks such as GELV, MCLN. Goldman't made a prediction that those
stocks will reach 0.41 and 0.40 consequently and based on their
prediction i bought those stocks with 0.02 and 0.015. But look at them
now, they are now playing with sub penny stocks. PPS 0.0002 and 0.004
now.
http://www.webwire.com/ViewPressRel.asp?aId=109822
http://www.tradingmarkets.com/.site/news/Stock%20News/2712318/
Again, stay away from this company.
Buy some Nasdaq stocks such as AIB, IRE, CTIC at least yu will make
some money.
Instead of leaving with a burger money on your portfolios, try to go a
5 start restaurants.
Very soon RIGHD will reach 0.2 cents.
Buy it in cheap and make money. Good time to buy now, don't regret.
Reverser Split is coming IMHO.
Sell as soon as possible. So that at at least you can show your loss on TAX
I am trying to sell RIGHD through e-trade, but when i put a limit order there is a message come that says " you cannot place this order online, call customer service at ...."
Is there anyone on this board is having the same issue?
Load it now before its too late. It is about to explode. within 1-2 weeks lots of cash will be in your pocket.
Expecting 0.02-0.5 in 2 weeks.
CYCA is the only penny stock what you can trust. They have good
support from big investor like LNC( Lincoln financial). Recently they
got mobile operator certification. I am expecting that this will touch
penny in 1 week and it might head to nickle or dime.
Buy it ASAp