Morgan Hill project produces excellent targets
The drill program of 24 reverse circulation holes was designed to evaluate three target areas that had been identified from surface mapping and sampling. Our objective was to locate one or more areas on the property with potential for open pit development of cement grade limestone to support a cement plant for long term production. The assay results from the first 4 drill holes are set out below.
These holes are located in the southern part of the claim group. Compilation of drill cross sections and new detailed surface geology indicate a potential high grade (100% CaCo3) zone along strike to the southwest and down dip to the northwest. Approximate dimensions of this target area from our recent detailed surface geology indicate a possible zone 1500 feet long by 1000 feet wide and 100 feet thick. Additional drilling is planned that may identify a substantial resource in this part of the property.
Hole MHR 1 from 10 feet below surface was assayed in five foot intervals. From 10 feet to 90 feet all assays were 100% CaCO3 with the exception of four 5 foot intervals that assayed at 98.5%, 98%, 99.6 and 98.6% CaCO3 giving an average grade over 80 feet of 99.7% CaCO3. The hole bottomed at 300 feet but encountered significant magnesium levels below the 90 foot level.
Hole MHR 2 was also assayed in 5 foot intervals and carried grades from 85.29% to 100% CaCO3 and averaged 97.79% over the 150 feet with the exception of four five foot intervals not included in the average that carried high magnesium levels. It is not expected that this limited amount of magnesium will be significant or effect the overall development of the resource.
The results from holes MHR 3 and 4 generally carried sub economic zones that did not meet the required grade for cement limestone or were suitable for open pit mining.
Compilation of the cross sections are being prepared and detail geology has been started on the central and northern portions of the property where the other drill holes are located. These results will be announced when available.
Management believes this property is situated to competitively reach markets in
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
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.