VANCOUVER, Jan. 19, 2012 /CNW/ - INFORM RESOURCES CORP. TSX-V: IRR ("Inform" or the "Company") is pleased to announce that the Company has staked an additional 1,590 claims (32,199 hectares) over three blocks on the La Liga silver-lead-zinc Project, located north of Faro, Yukon.
The La Liga Project is located approximately 70km north of the town of Faro, and now consists of 2,953 quartz mining claims covering 59,799 hectares over three blocks: Galaxy (2,285 claims), Premiership (254 claims) , and Old Trafford (414 claims). The properties lie to the north and west of Silver Range Resources Ltd.'s flagship project, which recently announced multiple zones of both bulk-tonnage and high grade silver discoveries.
The Galaxy block consists of 2,285 claims covering 46,271 hectares. Multiple zones of disseminated to massive arsenopyrite, galena, sphalerite, pyrite, and pyrrhotite mineralization within fractured and intensely silicified sediments, chert, and calc-silicate skarn horizons have been identified on the Galaxy block and appear to be associated with a northwest oriented structural corridor that forms a 4km trend of mineralization that is open in all directions. Rock sampling recently announced by the Company indicates the potential for high-grade silver-lead-zinc +/- gold-copper mineralization in the area.
Grab sample results from the Red Devil Zone include:
- 877 g/t silver, 0.843 g/t gold, 9.58% lead
- 276 g/t silver, 0.802 g/t gold, 4.06% lead
- 579 g/t silver, 0.394 g/t gold, 4.84% lead
- 1.02 g/t gold
Grab sample results from the Galactose Zone include:
- 216 g/t silver, 9.94% lead, 8.22% zinc
- 144 g/t silver, 0.72% lead, 6.02% zinc
- 125 g/t silver, 1.10% lead, 5.19% zinc
(see Inform Resources news release dated December 8, 2011)
The Premiership block is located approximately 15km west of La Liga and consists of 254 claims covering 5,144 hectares. The area underwent minor exploration for SEDEX style silver-lead-zinc mineralization in the early 1980's, and previous operators discovered zones of disseminated to fracture controlled arsenopyrite - sphalerite - galena mineralization within chert, anomalous silver, lead, and zinc in soil samples, and a zone of massive barite up to 20m thick traceable over 5.5km. This prospect is likely sediment exhalative (Sedex) style barite; the nearby Faro mine was a Sedex zinc-lead-silver operation. The Premiership area is underlain by Paleozoic sedimentary rocks that are crosscut by numerous faults and a small Cretaceous intrusion with sulfide-bearing hornfels and skarn. Minor rock chip and grab sampling by previous operators with specimens of chert hosting disseminated arsenopyrite, sphalerite, and chalcopyrite returned anomalous base metal and silver values.
The Old Trafford block is approximately 40km west of La Liga and consists of 414 claims covering 8,384 hectares. The area is underlain by a sequence of thrusted and locally folded Proterozoic - Paleozoic-Triassic sedimentary rocks with horizons of massive barite (up to 10m thick) and stratabound lenses of massive pyrrhotite with sphalerite, chalcopyrite, pyrite, and galena. The sedimentary sequence is cross-cut by northwest trending faults and intruded by Cretaceous volcanic plugs and intrusive rocks with associated sulfide-bearing hornfels and skarn development. The area has been intermittently worked for SEDEX style silver-lead-zinc mineralization by various companies since the early 1980's; including 3,808 meters of historic diamond drilling, geologic mapping, soil sampling, and geophysical surveys. Highlights from diamond drilling performed in the 1990's by Blackstone Ventures on the Francois grid includes 5.48% zinc, 6.13% lead, and 136.7 g/t silver over 0.8m from FRN96-02 and 8.42% zinc, 2.43% lead, and 29.8 g/t silver over 2m from FRN96-04. Blackstone also noted zones of strongly anomalous gold and PGE mineralization from some of their drill holes. Numerous additional zones of sulfide mineralization with anomalous silver-lead-zinc +/- copper-gold are noted across the property; a majority of which have seen only minor exploration.
The Company is planning an aggressive drill program on the La Liga Project during the 2012 season including 5,000m of diamond drilling focused on the Red Devil and Galactose Zones, as well as additional prospecting, soil sampling, geologic mapping, and geophysical surveys.
Jodie Gibson, P.Geo, is a consultant to Inform and Qualified Person as defined by NI 43-101. Mr. Gibson prepared and reviewed the technical information in this news release on behalf of Inform.
Inform Resources Corp. is a TSX-V listed exploration company (TSX-V: IRR) based in Vancouver, BC, Canada. Inform is focused on the acquisition and discovery of economic mineral deposits in the Yukon. The Company's current exploration activities are focused on the Mike Lake Project, a gold-silver-copper system and the La Liga Project a silver-lead-zinc system all in the prolific Tintina Gold Belt. The Company's management and technical advisory team's successes include past discoveries as well as currently producing mines in the Yukon. Additional information is available at www.informresources.com.
ON BEHALF OF THE BOARD
Chief Executive Officer
Forward-Looking Statements: Some statements in this news release contain forward-looking information or forward-looking statements for the purposes of applicable securities laws. These statements include, among others, statements with respect to proposed exploration, development and production activities and their timing, potential mineralization and the anticipated acquisition of property interests. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include, among others, receipt of regulatory approvals, completion of anticipated transactions, the timing and success of future exploration, development and production activities, exploration and development risks, expenditure and financing requirements, title matters, third party consents, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices and one-time events. In making the forward-looking statements, the Company has applied several material assumptions including, but not limited to, the assumptions that: (1) the proposed exploration and development of mineral projects will proceed as planned; (2) market fundamentals will result in sustained metals and minerals prices and (3) any additional financing needed will be available on reasonable terms. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release.
For further information:
Manager, Investor Relations
Chief Executive Officer