Symbol Lookup
More Nivloc Project Drill Results Provided by Infrastructure Materials Corp.'s Option Holder
Published: 03/19/12 09:20 AM EDT

RENO, Nev., March 19, 2012 (GLOBE NEWSWIRE) -- Infrastructure Materials Corp. (IFAM) (TSXV:IFM) (TSXV:IFM-S) (the "Company") reports that International Millennium Mining Inc. ("IMMI"), the option holder for the Nivloc Mine Project (the "Project") released assay results from two additional diamond drill holes at the Project. IMMI, a wholly-owned subsidiary of International Millennium Mining Corp. (TSXV:IMI), is continuing its exploratory drilling at the Project under an option agreement to acquire an 85% interest in 18 claims at the Project that are held by the Company's wholly-owned subsidiary, Silver Reserve Corp.

The results announced by IMMI are from holes 11NL-29 and 11NL-30 (see drill highlights and table below), located in the western part of the Nivloc Vein structure. Both holes were collared from pad 4 and are part of a systematic drilling program designed to test a 1,200 foot long by 800 foot vertical, un-mined zone within the Nivloc Mine. The IMMI drilling program at Nivloc continues to focus on expanding the mineralized zone, which remains open at depth and along strike to both the northeast and southwest directions.

The following highlights of Holes 11NL-29 to 11NL-30 were reported by IMMI:

Drill Highlights from hole 11NL-29:
172.6 feet @ 53.3 grams/tonne g/t Ag and 0.64 g/t Au - Main Nivloc vein, including:
13.5 feet @ 292.3 g/t Ag and 2.46 g/t Au - Main Nivloc vein

Drill Highlights from hole 11NL-30:
196.0 feet @ 98.6 g/t Ag and 0.31 g/t Au - Main Nivloc vein, including:
5.5 feet @ 1,725.0 g/t Ag and 0.16 g/t Au - Main Nivloc vein

Both holes (11NL-29 and 11NL-30) intersected the Nivloc vein system between the 440 and 600 foot levels, in the western portion of the target area, east of the westernmost mine workings. The holes were centered 100 feet apart, and intersected 292 g/t to 1,725 g/t Ag and 1.26 g/t to 2.46 g/t Au lenses within a wide zone of lower grade material. The level numbers referred to above, along with distances from other hole intercepts, are deemed to be approximate.

Drill Hole Results

Hole No.***AZoDipoInterval (ft)Width (feet)
(drill)
Width (feet)
(estimated true)*
Ag (g/t)Au (g/t)Vein Description**
11NL-29 135 -81 593.4 – 766.0 172.6 121.1 53.3 0.64 MNV
Including 593.4 – 609.5 16.1 11.3 109.0 2.22 MNV
Also Including 752.5 – 766.0 13.5 9.5 292.3 2.46 MNV
11NL-30 125 -75 538.0 – 734.0 196.0 147.0 98.6 0.31 MNV
Including 538.0 – 555.0 17.0 12.8 135.1 1.26 MNV
Also Including 710.5 – 734.0 23.5 17.6 462.5 0.63 MNV
Including 710.5 – 716.0 5.5 4.1 1,725.0 0.16 MNV

*Estimated true widths are calculated and may change slightly with additional structural information.
**Main Nivloc Vein (MNV).
*** Previous drill hole results are set out in the Company's prior press releases.

The drilling reported to date is focused on a target area that lies between previously mined zones within the northeast-southwest-trending Nivloc vein structure. The exploration target lies between the surface and the existing 800 foot level drift in the old mine workings. The 800 foot mine level is approximately 900 feet vertically below surface, and the vein and workings dip from minus-45 to minus-65 degrees toward the northwest. Previous mining at Nivloc focused on higher-grade lenses of ore that were encountered while drifting along the vein structure. The IMMI drilling program indicates the Nivloc structure ranges from 50 feet to more than 150 feet wide and contains several parallel vein zones. It appears from available data that only one of these parallel vein zones was exploited by prior mining activity. In addition to the potential for higher-grade lenses similar to those that were mined historically, the material between the lenses is consistently mineralized to some degree.

Another component of the IMMI drilling program is directed beneath and 500 feet west of the most westerly workings and to the northeast of the main workings to test the mineralized zone beyond the current target area.

It is stressed that no tonnage or grade estimates have been calculated to date. The drilling program is designed to generate enough reliable information to outline viable mineralized zones that can be converted to resources in compliance with Canadian National Instrument (NI) 43-101 standards.

The drill assay intervals were calculated using the weighted average method. Drill core assaying was conducted by ALS Chemex, which is an ISO-certified laboratory. IMMI reports that it 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 and the submission of duplicate samples to a second laboratory to verify the integrity of the analytical results.

Thomas L. Evans, California Professional Geologist and a qualified person under NI 43-101, reviewed and approved the technical disclosures 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.

For further information please see our public filings at www.sedar.com and www.sec.gov/edgar.shtml or contact:

Mason Douglas, President
Phone 866-448-1073
Fax 775-322-4458
Email: info@infrastructurematerialscorp.com
or visit our website at
www.cementforthefuture.com or
www.infrastructurematerialscorp.com

Neither the 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. The reader is cautioned not to place undue reliance on forward-looking statements.


GlobeNewswire News Releases
Today
11:25 AM Bit9 Introduces the Bit9 Connector for Palo Alto Networks, Enabling the First Integrated Real-time Endpoint and Network Security Solution for APTs
11:22 AM Marten Transport, Ltd. to Participate in the KeyBanc Capital Markets' Industrial, Automotive and Transportation Conference
11:00 AM Bit9 Introduces the Bit9 Connector for FireEye, the First Real-time Endpoint and Network Security Integration Solution
11:00 AM Transportation & Logistics Company to Educate Franchisees and Prospects on "Driving Success"
11:00 AM Consumers Get a Better Deal from Businesses on Buckaroo
11:00 AM Manhattan Associates Launches Industry-Leading Store Inventory and Fulfillment Solution
11:00 AM World's Most Advanced Fireboat Headed to Houston Via Great Lakes and Mississippi
10:48 AM LPL Financial Issues Statement on Settlement With FINRA
10:14 AM All Indications "Point" to MREDpalooza Being a Great Success
10:02 AM Houston Astros and Partners Remind Fans to Be Good Sports At Astros Responsibility Day
10:00 AM Moneygram International, Inc. [MGI] to Ring The NASDAQ Stock Market Opening Bell
10:00 AM AERO Selects PureWave Base Stations for a Large Scale Network Upgrade
10:00 AM Synergy Pharmaceuticals Presents Plecanatide Results From a Large Multicenter Clinical Study at Late-Breaking Abstract Session During Digestive Disease Week 2013
10:00 AM Averail Access Updated with Secure Connections to Box and Shared Drives: Now Offers Access to More Content Repositories Than Any Other Mobile Enterprise Solution
10:00 AM Direct Edge Introduces EdgeRisk Ports
09:32 AM STEALTHGAS INC. Announces Date for the Release of First Quarter 2013 Results, Conference Call and Webcast
09:30 AM Armanino 'Great Give' Day of Service is May 23
09:30 AM KPMG Survey: Regulation Top of Mind for Banking Execs
09:30 AM New Studies Demonstrate General Agreement in Reimbursement Decisions and the Value of Interventional Outcomes, Regardless of Location
09:18 AM Prolexic Gets Clickpoint! Media Back Online Quickly After Layer 4 SYN Flood DDoS Attack Campaign
09:13 AM AlixPartners' Research Shows that Increases in Corporate Stress Could Drive Turnarounds and Restructurings across Asia-Pacific
09:02 AM YOU DON'T KNOW JACK(R) for Android(TM) Launches Today
09:02 AM Clearwire Receives Increased Offer from Sprint
09:01 AM Xoom and Vesta Announce Partnership for Mobile Wallet Integration
09:00 AM sTec Announces Free EnhanceIO Profiler Software for Solid-State Storage Caching
09:00 AM Chatsworth Dentist, Dr. Kashfian, Is Offering a Teeth Whitening Special
09:00 AM TMNG Launches Enhanced Ascertain Platform to Address Communications Service Providers' Key Analytics Challenges
09:00 AM AnythingIT Receives Senate Commendation as First Certified Class D Recycling Facility in Bergen County, New Jersey
09:00 AM Leading U.S. Transportation Service Provider Rolls Out Trailer Fleet Management Solution From I.D. Systems
09:00 AM Legacy Reserves LP to Present at NAPTP 2013 MLP Investor Conference
 

Powered By: FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes.
All other data is delayed at least 20 minutes.
By accessing this page, you agree to the following terms and conditions.
Investing News provided by MarketMinute.com
Mortgage Rates, CD Rates & Home Equity Rates provided by Banks.com
Stock Analysis provided by SocialPicks Conference calls info supplied by OpenCompany
Fundamental data supplied by Mergent, Inc.
Stock quote data supplied by Telekurs
Bots go here
close window
E-mail Article to a Friend




CLOSE WINDOW