RENO, Nev., June 11, 2012 (GLOBE NEWSWIRE) -- Infrastructure Materials Corp. (OTCBB:IFAM) (TSX-V:IFM) (TSX-V:IFM.s) (the "Company") is pleased to provide a progress report on the Klondyke Property (the "Property"). The Property consists of 134 mineral claims and four leased patented claims located in Esmeralda County, Nevada approximately 12 miles south of the town of Tonopah. The Property lies approximately five miles southeast of the Allied Nevada Gold's Hasbrouck project and about 11 miles northeast of Columbia Mountain, which is adjacent to the town of Goldfield.
The Property's geology was mapped by the Company in 2007 at a scale of 1:12000, and five separate grids were laid out and sampled to cover alteration zones outlined during the mapping program. Mapping and grid sampling to date indicate strong NE/SW bearing anomalous zones to the south of the old mine working where the structure runs NW/SE. Grid sampling also identified a large gold-only anomalous zone in the southern portion of the Property.
A limited 1,550 foot reverse circulation drilling program was completed in the first half of April 2012 to test some of the surface anomalies. Three holes (KDR1-3) were targeted around a 6640 grams per tonne (g/t) Ag surface sample from a vein exposed in a prospect pit in the northwest portion of the Property. Hole KDR1 intercepted the vein and had a 5 foot interval of 349.2 g/t Ag from 10 to 15 feet in depth. Hole KDR2 encountered vein mineralization ranging between 22 g/t to 92 g/t silver from 0 to 15 feet in depth. Hole KDR3 encountered strong silver anomalies ranging between 2.9 g/t to 22.2 g/t from 0 to 25 feet in depth. Hole KDR4 tested a covered target of the vein structure intercepted by holes KDR1-3, but failed to intercept the target at that location.
Hole KDR5, located on the southern portion of the Property, targeted a >200 parts per billion (ppb) gold in rock chip anomaly. Gold anomalies ranging from 75 ppb to 105 ppb were encountered in the first 15 feet from hole KDR5 and weak anomalies ranging from 5 ppb (detection limit) to 43 ppb were encountered for 500 feet in disseminated sulphide, with varying amounts of sericite alteration and silicification in the rhyolite host rock. No silver anomalies were noted at hole KDR5; however, follow up drilling is warranted due to the alteration observed in this hole.
Below is a table of highlights from holes KDR1-3. Results for holes KDR4 and KDR5 were not reported due to low values. However, as mentioned above, the alteration identified in hole KDR5 warrants further exploration drilling:
|Hole No.||Interval (feet)||Au (ppb)||Ag g/t (ppm)||Pb (ppm)||Cu (ppm)||Zn (ppm)|
Analytical work was conducted by Inspectorate America, which is an ISO 9001 Certified laboratory widely recognized as an expert in geochemical analysis and assaying. The Company has implemented a quality assurance and quality control program to ensure that sampling and analysis of all samples are conducted in accordance with the best possible practices. The system includes the use of standards, blanks and duplicates to ensure analytical accuracy.
Several other targets have been noted on the Project from geologic mapping and grid sampling carried out in 2008. The Company plans to explore these areas by further drilling.
John Harrop, P. Geo of Coast Mountain Geological Ltd., a qualified person under Canadian National Instrument (NI) 43-101, reviewed and approved the technical disclosure of this press release.
Infrastructure Materials Corp. is a Reno, Nevada based exploration stage mining company that is directing its efforts to the exploration and development, if warranted, of cement grade limestone deposits in strategic locations in the United States and Canada and precious metal properties located in Nevada.
Neither 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 exploration 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 unless specifically required by law. The reader is cautioned not to place undue reliance on forward-looking statements.
CONTACT: Steve McGuire (Teatyn Enterprises Inc.) Investor Relations Phone: 604-574-7555 Email: firstname.lastname@example.org or email@example.com or visit our website at www.cementforthefuture.com or www.infrastructurematerialscorp.com