Silver-Gold Target Area Outlined At The Desperado Project

VANCOUVER - Infield Minerals Corp. has outlined an area of anomalous silver and gold in soil geochemistry at the Desperado project in Nevada. The Company intends to further advance the property through follow-up surface work in Q3-Q4 2021. Highlights: Anomalous silver area extends over 3.5 km in length by 500 to 800 m in width; and 2021 follow-up fieldwork will evaluate the silver-gold target area for potential trenching.

The Desperado property is located in Nye County within the Ellendale mining district, 40 kilometers east of the town of Tonopah. It covers an area of 1,410 hectares (3,480 acres) surrounding the historical Ellendale mine property owned by a third party and is readily accessed by a series of local dirt roads connected to Highway 6 two kilometers north of the property.

Exploration and mining in the district during the early 1900s are evidenced by several abandoned adits, shafts and trenches. The district remains underexplored with no indication of modern exploration work having been conducted within the property area during at least the past 30 years. At the Desperado property, historical workings and mineralization are associated with large areas of clay alteration. Much of the area is overlain by "desert gravel" with few outcropping rocks, providing opportunities for discovery under cover through exploration techniques such as soil sampling and geophysical surveying.

In 2020, the Company identified large areas of hydrothermal clay alteration within the Desperado property through a specialized interpretation of satellite spectral data. During a field inspection, 60 clay altered rock samples were collected from the alteration areas and subsequently analyzed using a Terraspec Spectrometer to evaluate the nature of alteration. The minerals identified in the study were consistent with low-sulfidation and high-sulfidation clay alteration in epithermal systems.

In April 2021, Infield carried out a systematic soil sampling program across an extensive zone of hydrothermal clay alteration. The survey included 710 samples on a grid mesh of 100 x 100 meters, covering an area of approximately 4 kilometers by 3 kilometers. The B soil horizon was sampled when present and the C soil horizon was sampled when it was not possible to sample the B horizon. A robust Quality Assurance/Quality Control protocol was implemented, including insertion of standards, blanks and duplicates that were taken from the same sampling pits.

Infield's 2021 drilling campaign at the M1 property in Nevada consists of approximately 4,000 meters of reverse circulation (RC) drilling, of which 1,920 meters has been completed in the South zone of the property across six drill holes. Several structural zones of quartz veining and associated alteration were intersected during initial drilling, however, geochemical analysis of the RC chip samples did not return significant results. The recent data will be utilized where applicable to revise interpretations of geophysical signatures for improved drill hole targeting during the second phase of the campaign.

The Company is preparing to launch the second phase of the M1 drilling campaign in Q3, which will be focused on the North zone, located more than six kilometers north of the South zone along the large-scale structural trend. Priority targets include coincident geophysical anomalies, altered and brecciated rocks mapped at surface, and anomalous gold and silver values interpreted to be associated with silicified fault structures. Historical drilling data in the North zone suggests previous operators intersected 0.55 g/t gold over 15.2 meters from 7.62 to 22.86 meters, including 2.39 g/t gold over 1.5 meters, in hole GC-14 which was terminated at 30.5 meters depth; and 0.51 g/t gold over 8.2 meters from 5.49 to 13.7 meters in hole GC-20 which was terminated at 24.4 meters depth (Nevada Bureau of Mines and Geology). The Company intends to follow up on the encouraging historical data and to test whether near surface mineralization extends to depths across interpreted structures.