RENO, NV, Sept. 21 /CNW/ - Infrastructure Materials Corp (NASDAQ OTC-BB: Symbol IFAM) (the "Company") is pleased to announce results from its 19 hole Phase II drill program (5,000 ft) completed on the Blue Nose Limestone Project. The Blue Nose Project consists of 297 mineral claims covering approximately 6,000 acres and located 90 miles north east of Las Vegas, Nevada in Lincoln County.
The Phase II drill program targeted a stratigraphic horizon exposed on the surface to the east of the first phase drill holes. This area is assumed to contain the high grade CaCo3 material. Due to a shallower than expected dip of the underlying Dolomite horizon to the east, substantial MgO material was encountered on the central and south portions of the drill plan at shallow depths. This trend will be accounted for in the upcoming Phase III drill plan.
Drilling results from the north east portion of the Phase II drilling encountered thick intercepts of cement grade material to depths of 300 feet. Detail mapping has been completed at a scale of 1"=200' and, in conjunction with the completed drilling, has allowed us to sort out and clarified the local area geology. This will enable the Company to specifically target favorable horizons with drilling for cement grade carbonates.
The carbonate zone is bounded on all sides by recent volcanic flows but sufficient exposure of carbonates would appear to indicate potential for significant cement grade material. A Plan of Operations is being submitted this month consisting of 188 holes and 40,000 feet of drilling with the ultimate purpose of grid drilling the property. It is expected that the Plan of Operations drilling will commence early next year.
Detail maps and cross sections should be completed by September 21, 2009 which will allow the company to make more accurate potential tonnage estimates and then verify them by grid drilling.
Below is a brief summary of the grades of calcium carbonate (%) over depth in the 19 holes.
- BNR11: 10-30' - 91.48%; 40-65'- 90.47%; 75-110'- 90.95%; 110-250'-
- BNR-12: 25-235'- 97.9%
- BNR-13: 10-40' - 89.6%
- BNR-14- No Significant Values
- BNR-15: 165-215' - 91.3%; 230-300' - 94.1%
- BNR-16: 250-300'- 98.2%
- BNR-17: 25-300' - 96.9%
- BNR-18: 30-300'- 91.5% (excluding 4 samples missing)
- BNR-19: 10-40'- 91.1%
- BNR-20: 35-60'- 94.5%; 60-90'- 89.22; 95-110'- 89.1%
- BNR-21: 40-60'- 89.8%
- BNR-22: No Significant Values
- BNR-23: 140-165'- 89.8%;
- BNR-24: 10-300'- 89.8%
- BNR-25: 65-75'- 93.4%;
- BNR-26 - No Significant Values
- BNR-27 - No Significant Values
- BNR-28: 120-150'- 88.6%; 215-250- 92.9%
- BNR-29; 15-40' 89.9%
Management believes this property is situated to competitively reach markets in Las Vegas, and California.
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.
SOURCE INFRASTRUCTURE MATERIALS CORP.
For further information: For further information: Scott Koyich, IR, Mason Douglas, President, Phone (866) 448-1073, Fax (866) 786-6415, email firstname.lastname@example.org, or visit our website at www.infrastructurematerialscorp.com