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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