RENO, NV, Aug. 16 /CNW/ - Infrastructure Materials Corp. (NASDAQ OTC-BB: Symbol IFAM) (the "Company") is pleased to announce the commencement of drilling on the Blue Nose Project under the recently approved Plan of Operations. The Blue Nose Project consists of 301 mineral claims covering over 6,000 acres located 90 miles northeast of Las Vegas, Nevada in Lincoln County. This extensive drill program, on approximately 20 of the project's 301 claims, is designed to provide the data necessary to delineate sufficient tonnages for a resource base.
Drilling under the Blue Nose Plan of Operations involves grid drilling in a 500 foot drill center pattern to depths that range from 300 to 1,200 feet, depending on the nature of the limestone beds. In addition to drilling, the Blue Nose program includes road building, blasting, assaying and additional technical staff. To ensure that the program progresses in the most timely and cost efficient manner, two drills will run around the clock with an expected program duration of 35 days. Ensuing assay results are expected to take 2 to 4 weeks to process. As of August 11, six drill holes had been completed with depths of 400 to 800 feet in the northeast portion of the project area and the program is progressing within budget.
This next phase of exploration for the Company represents the culmination of two years of effort toward the realization of a large cement grade limestone project in a suitable location to economically reach markets in California, Nevada, Idaho and Utah.
Infrastructure Materials Corp. is an 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.
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.
SOURCE INFRASTRUCTURE MATERIALS CORP.
For further information: For further information: Mason Douglas, President, Phone 866-448-1073, Fax 775-322-4458, Email: email@example.com or visit our website at www.cementforthefuture.com or www.infrastructurematerialscorp.com