Resource taking shape at Morgan Hill
The drill program of 24 reverse circulation holes was designed to evaluate three adjoining sections that had been identified from surface mapping and sampling completed in the fall of 2008. 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 last 10 drill (MHR15-MHR24) holes are set out below.
These holes are located in the north east part of the claim group. Compilation of drill cross sections and additional detailed surface geology at a scale of 1″=200′ indicate two potential high grade (100% CaCo3) zones and 2 cement grade zones. Approximate dimensions of this target area from our recent detailed surface geology indicate a possible zone 6000 feet long by 2000+ feet wide and 200+ feet thick of cement grade material.
Below is a brief summary of the grades of calcium carbonate (%) (CaCo3) over depth in the 10 holes:
- MHR15: 165'-210'; 93% - MHR16: 40'-150'; 98%; 165'-195'; 98%; 215'-245'; 93%; 260'-285'; 96%.* - MHR 17: No significant value - MHR18: 20'-140'; 97%* - MHR19: - 50'- 180'; 97%; 230'-300'TD; 96% - MHR20: 250'-295'; 90% - MHR21: 0'-40'; 90%; 70'-110'; 96%; 195'-265'; 98% - MHR22: 95'-160'; 94.9%; 235'-280TD; 98%; - MHR23: 30'-135'; 95%; 150'-195'; 96% - MHR24: 125'-190'; 93%; 200'-300'; 92%
The economic units intercepted in these 10 holes and those announced in the release dated
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.