RENO, NV, April 20 /CNW/ - Infrastructure Materials Corp. (NASDAQ OTC-BB:
Symbol IFAM) (the "Company") is pleased to announce the completion of the
first phase of the Company's Blue Nose Limestone Project Drill Program. The
property is located in Lincoln County, Nevada, approximately 70 miles north
east of Las Vegas. Phase 1 of the drill program consisted of 3,500 feet of
drilling in a target area previously identified as cement grade limestone
during a geological mapping and sampling program conducted by the Company in
The Company was encouraged by the initial surface results on the property
and a decision was made to proceed with drill testing. The western portion of
the property was targeted to determine continuity of grade and depth of the
cement grade limestone body. All ten drill holes ranged between 300 - 500 feet
in depth and encountered unaltered limestone from surface to maximum drill
depth. Assay results of surface samples taken from this area of the property
indicate cement grade limestone with suitable potential tonnage estimates. The
Project is within eight miles of railhead in southern Nevada. Assay results
from the drill program are expected within the next 30 days. At present, there
are no producing cement grade limestone properties closer to Las Vegas than
the Blue Nose limestone Project.
Work will continue on the Company's other limestone projects. A drill
program of 23 drill holes totalling 7000 vertical feet will commence April 20,
2009 on the Morgan Hill Project.
Infrastructure Materials Corp.'s efforts toward the development of cement
grade limestone resources are appropriately timed with the United States'
infrastructure stimulus plans. A 2009 report by the American Society of Civil
Engineers ("ASCE") indicates that it will take $2.2 trillion over 5 years to
repair existing U.S. infrastructure. Looking to California and Nevada, two
states that represent one of the largest cement markets in the U.S., and the
largest potential market for the Company's developing resources, the ASCE
cited several deficiencies including:
- California drinking water infrastructure needs an investment of
$27.87 billion over the next 20 years.
- 66% of California's major roads are in poor or mediocre condition.
- 68% of California's urban interstates are considered congested.
- A $13 billion dollar fast rail line project is planned between
Los Angeles and Las Vegas.
- 59% of Nevada's major urban highways are congested.
- 16% of Nevada's bridges are structurally deficient or functionally
- Nevada's transportation department has identified 10 mega projects
costing an estimated $4.8 billion that should be completed by 2015 to
avoid gridlock in urban areas.
The urgency toward repair of the U.S. Infrastructure has recently been
addressed by the U.S. Government's efforts to stimulate the economy. The Obama
administration has focused on infrastructure spending as part of its stimulus
program to create new jobs and offer much needed repair to aging U.S.
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 the 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 1-866-448-1073, Fax 1-866-786-6415, email
firstname.lastname@example.org or visit our Website at