RENO, NV, April 28 /CNW/ - Infrastructure Materials Corp. (NASDAQ OTC-BB:
Symbol IFAM) (the "Company") is pleased to announce the assay results from 4
holes of the 10 hole drill program (3,400 feet) completed on the Blue Nose
Limestone Project. The property is located in Lincoln County, Nevada,
approximately 90 miles north east of Las Vegas.
Results from this recent drilling include assays that range between 88%
and 100% calcium carbonate (CaCO3). Strip ratios in the area of the drill
holes are considered acceptable. Only nominal areas of elevated Magnesium were
encountered and do not appear to effect the overall value of the cement grade
zone. Hole four was drilled to 500 feet to encounter a second zone which is
expected to surface up-dip to the east. Cement grade limestone requires 88%
calcium carbonate. A detailed breakdown of drilling results on the first 4
holes is listed in the table below. Results on the remaining 6 holes will be
announced as available.
On April 22, 2009 drilling commenced on the Morgan Hill Limestone
Project. This program of 23 drill holes will total approximately 7,000 feet.
The Morgan Hill property is located 20 miles west of Wells, Nevada in Elko
County. Preliminary rock sampling, on the property indicated cement grade
limestone assaying in the 90% to 98% calcium carbonate (CaCO3) range. Based on
surface measurements and dip exposures of the limestone, the property has
potential tonnage estimates, ranging from 150 to 200 plus million tons.
Management believes this property is situated to competitively reach markets
in Salt Lake City, Reno and the State of California.
The Company believes these projects are well timed to meet America's
future infrastructure needs.
Todd Montgomery, CEO of Infrastructure Materials Corp. recently
commented, "We are pleased and excited with the progress of our limestone
projects. Our team has identified properties with terrific potential and moved
quickly through a geological exploration program to qualify the two projects
for drill testing. With these recent results, we are beginning to see
continuity of grade to depth as we had anticipated. Moving forward, we will
continue to work towards defining these cement grade limestone deposits. With
America's infrastructure stimulus plan and forecasts for cement demand, I
believe strongly these projects could not be better timed."
Results from the first 4 drill holes are tabled below:
BNR-1-CaCO3 BNR-2-CaCO3 BNR-3-CaCO3 BNR-4-CaCO3
----------- ----------- ----------- -----------
60-80'-92.08% 75-90-100'-93.82%(1) 50-70'-88.70% 65-85'-84.89%
80-100'-97.10% 100-120'-100% 70-90'-100% 85-105'-93.25%
100-120'-88.54% 120-140'-99.92% 90-110'-98.79% 105-125'-94.86%
120-140'-90.28% 140-160'-99.92% 105-110'-98.79% 125-145'-95.73%
185-205'-100% 160-180'-99.11% 190-210'-91.88% 145-165'-88.22%
205-225'-93.34% 180-200'-100% 210-230'-89.91%(3) 165-185'-92.90%
225-245'-100% 200-220'-96.78% 230-250'-85.83% 185-195'-90.05%
245-265'-100% 225-245'-99.21% 250-270'-89.28% 370-390'-89.94%(4)
265-285'-100% 245-265'-99.32% 270-290'-90.16% 390-395'-95.98%
285-200'-100% 285-300'-96.58%(2) 290-300'-97.22% 395-410'- (5)
(1) 90-95' no sample elevated silica 95-105'
(2) Elevated Silica between 215-235'
(3) 220- 225' elevated magnesium oxide 3.1%
(4) 195-370' void of economic grade
(5) High magnesium oxide values
Infrastructure Materials Corp. is an exploration stage mining company
that is directing its efforts to the development of cement grade limestone
deposits in strategic locations in the United States.
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.
For further information:
For further information: Scott Koyich, IR, Mason Douglas, President,
Phone (866) 448-1073, Fax (866) 786-6415, email
email@example.com, or visit our Website at