RENO, Nev., Feb. 22, 2012 (GLOBE NEWSWIRE) -- Infrastructure Materials Corp. (OTCBB:IFAM) (TSX-V:IFM) (the "Company") reports that its joint venture partner for the Nivloc Mine Project (the "Project") has released assay results from five additional diamond drill holes at the Project. International Millennium Mining Inc. ("IMMI"), the Company's joint venture partner and a wholly-owned subsidiary of International Millennium Mining Corp. (TSX-V:IMI), is continuing its exploratory drilling at the Project under an option agreement with the Company's wholly-owned subsidiary, Silver Reserve Corp.
The results announced by IMMI are from holes 11NL-14 and 15 drilled from Pad 3, located some 450 feet west of Pad 2 in the west-center of the target area and from holes 11NL-16, 17 & 18 drilled from Pad 2. The IMMC drilling program continues to extend the mineralized zone at Nivloc, which remains open at depth and along strike in both southwest and northeast directions.
The following highlights were reported by IMMI of Holes 11NL-14 to 11NL-18:
Drill Highlight from hole 11NL-14:
4.8 feet @ 276 grams/tonne (g/t) Ag and 2.33 g/t Au – Hanging Wall vein
19.0 feet @ 172 g/t Ag and 1.78 g/t Au, including:
5.0 feet @ 420 g/t Ag and 4.57 g/t Au – Main Nivloc vein
Drill Highlight from hole 11NL-15:
10.2 feet @ 181 g/t Ag and 2.60 g/t Au – Hanging Wall vein
3.5 feet @ 86 g/t Ag and 0.84 g/t Au – Main Nivloc vein
Drill Highlights from hole 11NL-16:
51.3 feet @ 115 g/t Ag and 1.23 g/t Au – Main Nivloc vein, including:
14.5 feet @ 193 g/t Ag and 0.98 g/t Au
Drill Highlights from hole 11NL-18:
17.2 feet @ 226 g/t Ag and 0.11 g/t Au – Main Nivloc vein, including:
6.2 feet @ 349 g/t Ag and 0.11 g/t Au
Drill hole 11NL-14 intersected the Nivloc vein system above the 700 foot level, near the center of the target area and about 250 feet southwest of 11NL-5. Drill hole 11NL-15 intersected the Main Nivloc vein system above the 600 foot level, 400 feet southwest of 11NL-5 and was the most westerly hole to that point in time. Hole 11NL-16 was the first of a series of holes planned to test an unexplored area between surface and the 440 foot level. The results from this hole indicate that this entire block has potential to host accessible mineralization. Drill hole 11NL-17 intersected the Main Nivloc vein system above the 440 foot level approximately 110 feet east of hole 11NL-16, and although assays were not as encouraging as the earlier hole, a wide vein system (115.5 feet) was intersected. Some re-assaying is planned for this hole. Hole 11NL-18 intersected the Main Nivloc vein approximately 130 feet east of 11NL-17 and also above the 440 foot level. The level numbers referred to above, along with distances from other hole intercepts, are deemed to be approximate.
As mentioned above, the drilling program is focusing on testing a target area that lies between previously mined zones within the Nivloc vein structure. The target area lies between surface and the existing 800 foot level drift in the old mine workings. The 800 foot level is approximately 900 feet below surface. Previous mining at Nivloc focused on high-grade lenses of ore encountered while drifting along the Main Nivloc vein structure. The IMMC drilling program indicates that the Nivloc mineral bearing structure ranges from 50 to more than 150 feet wide and contains several parallel vein zones. It appears, from available data, that only one of these parallel vein zones was previously exploited.
It is stressed that no tonnage or grade estimates have been calculated to date. The current drilling program is designed to generate enough information to outline viable mineralized zones that can be converted to resources in compliance with Canadian National Instrument (NI) 43-101 standards.
|Summary of Drill Results to Date|
|Feet||Ag g/t||Au g/t||
|*True widths have not been calculated.|
|**Hanging Wall Vein (HWV); Main Nivloc Vein (MNV)|
Thomas L. Evans, California Professional Geologist, the qualified person under NI 43-101 in charge of the drilling program, reviewed and approved the technical disclosures of this press release.
The drill assay intervals were calculated using the weighted average method. Drill core assaying was conducted by ALS Minerals, which is an ISO Certified laboratory. IMMI reports that it has implemented a quality assurance and quality control program to ensure that sampling and analysis of all samples 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 a Reno, Nevada based exploration stage mining company that is directing its efforts to the exploration and development, if warranted, of cement grade limestone deposits in strategic locations in the United States and Canada and precious metal properties located in Nevada.
For further information please see our public filings at www.sedar.com and www.sec.gov/edgar.shtml or contact:
|Mason Douglas, President|
|or visit our website at|
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This press release contains technical data concerning drilling results that are intended for persons who have expertise with respect to the interpretation of such data.
FORWARD-LOOKING STATEMENTS: This news release contains certain "forward-looking statements" within the meaning of U.S. securities laws. Forward-looking statements are frequently characterized by words such as "plan," "expect," "project," "intend," "believe," "anticipate," "estimate" and other similar words or statements to the effect that certain events or conditions "may", "have" or "will" occur. This release also contains statements based upon historical records pertaining to our mineral claims that have not been verified by the Company. The term, "resource" is not a term that is recognized by SEC guidelines and does not rise to the level of certainty required by SEC guidelines. Forward-looking statements or references to historical records are based on the material in our possession, opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those stated or projected in this press release. The Company undertakes no obligation to update forward-looking statements or historical information. The reader is cautioned not to place undue reliance on forward-looking statements.