Infrastructure Materials Corp. Provides Update on Kope Scheelite Project
29 Mayo 2012 - 8:20AM
Infrastructure Materials Corp. (OTCBB:IFAM) (TSX-V:IFM)
(TSX-V:IFM.s) (the "Company") is pleased to announce that work is
underway on its Kope Scheelite Project (the "Project") to further
delineate the potential of gold, silver, lead and copper anomalies.
The Project consists of 101 mineral claims located in Mineral
County, Nevada, approximately 11 miles northeast of the town of
Mina. Previous exploration efforts include recent Time Domain
Electro-Magnetic ("TDEM") surveys that offered evidence of the
presence of conductive structures on the Project with potential
mineralization present within a porphyry system.
Currently, the Company is conducting a follow up program on the
Project to clarify the complex structural geology in the immediate
area by further defining surface geochemical anomalies noted during
previous sampling efforts. The program includes soil sampling as
well as detailed mapping at a scale of 1:2400 and select rock chip
sampling, with results expected by late June.
Surface mapping completed in the fall of 2007 at a scale of
1:6000 identified a series of east-west fault structures and
positive indications of mineralization that are sometimes
associated with gold, silver, and porphyry copper deposits that are
situated in Western Nevada's Walker Lane zone. The 2007 mapping was
followed up with two soil sampling grid programs and selective rock
chip samples (2010 and 2012) that confirmed the presence of
anomalies at surface coinciding with the structures and alteration
identified by the earlier work. Results from these efforts included
25 rock samples and over 450 soil samples. Rock samples collected
were grab samples, which are by nature selective and may not be
representative of mineralized units.
Rock samples with significant levels of gold, silver and copper
are summarized in the table below:
Sample |
Gold
parts per million (ppm) grams per tonne
(g/t) |
Silver ppm (g/t) |
Copper % |
KCP-102 |
3.494 |
12.6 |
0.09 |
KCP-115 |
2.648 |
5.2 |
0.01 |
KCP-107 |
2.028 |
532.3 |
6.09 |
KCP-111 |
1.461 |
361.2 |
15.95 |
KQ-101 |
1.001 |
32.7 |
0.20 |
KQ-102 |
0.808 |
50.0 |
7.60 |
KCP-110 |
0.116 |
6.4 |
4.53 |
KCP-101 |
0.079 |
6.2 |
1.29 |
The 2010 soil sampling grid program further outlined gold/silver
anomalies east of the Clay Peters Mine with results ranging between
2 parts per billion (ppb) and 500 ppb (0.5 g/t) gold. This grid is
being expanded and infilled in the current field program to better
define drill targets.
Analytical work was conducted by Inspectorate America in their
Reno facility. Inspectorate America is an ISO certified
laboratory and widely recognized as an expert in geochemical
analysis and assaying.
Pursuant to positive geochemical and geological data similar to
other porphyry systems in the area, in April of this year the
Company contracted Koop Geotechnical Services Inc. to conduct
a TDEM survey over a limited area. A total of four lines, each
more than two kilometers long and spaced 300 meters apart, were
completed. The survey identified three distinct trends. The
anomalies can be described as conductivity highs superimposed on a
regional background conductivity produced by the local
overburden.
The most prominent response displayed amplitudes and
conductances typical of what is normally produced from a massive
sulphide source. The dimensions of the modeled conductive plate are
approximately 1000 meters X 1100 meters. The 3-D computer models of
the other two anomalies indicated extents of 250 meters and 300
meters respectively in the shortest dimensions. These two anomalies
are directly coincident with the Clay Peters Mine, which carries
some significant copper grades as mentioned above. Management
intends to drill test these conductors prior to undertaking a more
extensive TDEM program if warranted.
John Harrop, P.Geo of Coast Mountain Geological Ltd., a
qualified person under NI 43-101, reviewed and approved the
technical disclosures of this press release on behalf of the
Company.
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:
Steve McGuire (Teatyn Enterprises Inc.) Investor Relations
Phone: 604-574-7555 Email: steve@teatyn.com or
info@infrastructurematerialscorp.com or visit our website at
http://www.cementforthefuture.com or
http://www.infrastructurematerialscorp.com
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 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 unless
specifically required by law. The reader is cautioned not to place
undue reliance on forward-looking statements.
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