Reno, Nevada, May 29, 2012 – Infrastructure Materials Corp. (OTCBB: IFAM; TSX-V: IFM, 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:
ppm = parts per million
g/t = grams per tonne
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.)
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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.