Reno, Nevada, September 19, 2012 - Infrastructure Materials Corp. (OTCBB: IFAM; TSX-V: IFM, IFM.s)(the “Company”) is pleased to announce that it has commenced a 5,000 foot drill program on its Kope Scheelite Project (the "Project") to further delineate gold, silver and copper anomalies identified during recent Time Domain Electro-Magnetic ("TDEM") surveys. TDEM surveys conducted this year indicate the presence of conductive structures on the Project with potential mineralization present within a porphyry system. These anomalies, in conjunction with supporting surface sampling that indicates the presence of gold, silver and copper, serve as the impetus behind this drill program. The Project consists of 101 mineral claims located in Mineral County, Nevada, approximately 11 miles northeast of the town of Mina.
Pursuant to positive geochemical, geological and historical ground magnetic 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 (see the Company's Press Release dated May 29, 2012). 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 mined significant gold and silver values. It is Management's intention to drill test these conductors during the current fall drill program.
As mentioned, previous surface sampling on the Project also indicates the presence of gold, silver and copper. 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.
Additional surface geology was completed during June and July of 2012 after reviewing historical data from previous operators that was used to determine the targets for the drill program that just commenced. The Company's targets concentrate on three Magnetic Highs and three TDEM target areas that also coincide roughly with surface geochemistry.
Previously reported rock samples with significant levels of gold, silver and copper are summarized in the table below:
||Gold - parts per million (ppm) grams per tonne (g/t)
||Silver - ppm (g/t)
||Copper - %
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.
Todd Montgomery, CEO of the Company, said, "Our Team is very excited about the geophysical targets we are testing in this drill program. The Kope Scheelite Project offers targets with tremendous potential as we see evidence both from our geophysical work and from our extensive surface sampling."
John Harrop, PGeo, FGS, of Coast Mountain Geological Ltd., a qualified person as defined by Canadian National Instrument 43-101 Standards of Disclosure for Mineral Projects, reviewed the technical information contained in 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:
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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.