Infrastructure Materials Corp. Announces New Copper-Gold Discovery on Kope Scheelite Project in Nevada
16 Enero 2013 - 8:20AM
Infrastructure Materials Corp. (OTCBB:IFAM) (TSX-V:IFM)
(TSX-V:IFM-S) (the "Company") is pleased to announce a new
copper-gold discovery at its Kope Scheelite Project (the "Project")
in Nevada. The Company's wholly owned subsidiary, Silver Reserve
Corp., has completed a preliminary review of assay and geochemical
data from reverse circulation drilling on the Project to further
delineate the potential of gold, copper, silver and lead
mineralization on the Project.
During September and October 2012 the Company completed 2,311.9
meters (m) (7,578 ft) of drilling in 19 reverse circulation holes
at the Project. Holes were located to test geological and
geophysical targets identified by the Company in previous
exploration programs.
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Hole ID |
From m |
To m |
Interval m |
Cu % |
Au g/t |
Other |
Host |
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CPR2 |
86.9 |
161.5 |
74.7 |
0.26% |
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skarn, gossan |
incl |
138.7 |
161.5 |
22.9 |
0.49% |
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0.42% Zn |
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and |
86.9 |
103.6 |
16.8 |
0.34% |
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CPR8 |
0.0 |
35.1 |
35.1 |
0.39% |
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skarn, intrusive |
incl |
10.7 |
35.1 |
24.4 |
0.53% |
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|
incl |
15.2 |
27.4 |
12.2 |
0.91% |
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|
incl |
21.3 |
25.9 |
4.6 |
1.64% |
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CPR9 |
3.0 |
9.1 |
6.1 |
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2.34 |
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jasperoid, gossan |
incl |
3.0 |
6.1 |
3.1 |
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572 ppm antimony (Sb) |
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7.6 |
19.8 |
12.2 |
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0.51% Zn |
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CPR11 |
7.6 |
16.8 |
9.1 |
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2.42 |
93.6 g/t Ag |
jasperoid, skarn |
incl |
9.1 |
15.2 |
6.1 |
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0.28% Sb |
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CPR13 |
0.0 |
18.3 |
18.3 |
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0.40 |
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intrusive |
incl |
6.1 |
18.3 |
12.2 |
|
0.49 |
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CPR14 |
3.0 |
19.8 |
16.8 |
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0.55 |
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intrusive |
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CPR17 |
36.6 |
54.9 |
18.3 |
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1.72 |
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gossan, limestone |
incl |
42.7 |
54.9 |
12.2 |
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2.52 |
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|
incl |
42.7 |
45.7 |
3.0 |
|
8.92 |
24.8 g/t Ag |
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Drilling has identified copper and gold mineralization hosted
both in the intrusive and in adjacent sediments. In addition
to those elements reported in this news release, a complex suite of
anomalous elements including antimony, bismuth, cobalt, cadmium,
gallium, germanium, molybdenum, indium, selenium, tellurium, tin
and tungsten were found to form zones in and surrounding the
mineralization.
The Company notes the substantial spacing between holes with
significant intersections; CPR2 and CPR8 are approximately 1,000m
(3,300 ft) apart with no infill drilling to test copper
mineralization. CPR9 is on a northeast line between CPR11 500m
to the northeast and CPR17 300m to the southwest also without
infill drilling to test gold mineralization. It is not clear
that these gold intersections are on the same mineralized
structure. Phase II drilling will conduct both step out and
infill drilling to more clearly delineate these zones. These
results have presented the Company with multiple target
areas. The Mag grid will be extended to the south in late
January to further delineate target areas south of CPR2. It is
assumed that this geophysical work will lead to a better
understanding of the area. It is anticipated that phase II
drilling will start in the late spring of 2013.
"The Company is particularly encouraged by these results since
they both confirm historical work and identify directions for
future testing of the mineralization. The results also confirm
the multi-commodity potential of the Project," notes Mason Douglas,
the Company's President and Chief Executive Officer.
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 assay method used by
Inspectorate America for gold is Fire Assay with Atomic Adsorption
finishing. Inspectorate America uses Aqua Regia digestion with ICP
for all other elements assayed. 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.
About the Kope Scheelite Project
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.
The Kope Scheelite Project is located in the Walker Lane, a
structural belt which prolifically hosts many significant deposits,
including Nevada Copper Corp.'s recently developed Pumpkin Hollow
deposits (total Measured and Indicated copper resource of 3.1
billion kilograms (6.8 billion pounds) for the combined Western and
Eastern Deposits (Western Open-Pit Deposits: 664 million tonnes,
averaging 0.37% Cu with a 0.15% cutoff; and Eastern Underground
Deposits: 45.9 million tonnes averaging 1.45% Cu with a 0.75%
cutoff - source: Nevada Copper Corp. news release dated October 19,
2012). Infrastructure Materials Corp. believes the Pumpkin
Hollow deposits are an analogue for the copper mineralization at
the Company's Kope Scheelite Project. Initial exploration
appears to indicate that the Kope Scheelite Project may have some
higher grade gold mineralization that in places differentiates it
from the mineralization style at Pumpkin Hollow. Pumpkin
Hollow and the nearby Yerington mine are located approximately
100km (60 miles) northwest of the Kope Scheelite Project. The
historical Yerington mine, operated by Anaconda from 1953 to 1978,
produced more than 147 million tonnes (162 million tons) of ore
grading 0.6% copper.
John Harrop, P.Geo., FGS of Coast Mountain Geological Ltd., a
qualified person as defined by Canadian National Instrument 43-101
Standards of Disclosure for Mineral Projects, 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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