Update On Upcoming Drilling Program And Exploration Activities
VANCOUVER - Infield Minerals Corp. reported on the ongoing and near-term exploration activities in Nevada, including details of its upcoming reverse circulation (RC) drilling program at the North Zone of the Company's M1 property "M1 North Zone).
Highlights: Infield has received the revised Notice of Intent drilling permit for the M1 North Zone; Approximately 2,000 meters of RC drilling at the M1 North Zone to commence this quarter; and Surface exploration is underway at the Desperado project where the Company is following up on a silver-gold target area outlined in the June 14, 2021 news release.
"The receipt of our revised drilling permit for the M1 North Zone is a key step in moving exploration forward on the project. We will soon have crews preparing the access roads and drill pads in anticipation of the exciting drilling program our team has outlined," stated Evandra Nakano, President and CEO of Infield. Ms. Nakano continued, "In parallel, we are advancing systematic exploration at Desperado and are encouraged by the initial findings which suggest significant project potential."
The M1 property is located approximately 30 kilometers SW of the Kinsley Mountain deposit (New Placer Dome) in White Pine County, Nevada. Gold and silver mineralization at the property is associated with silicified breccia zones along and proximal to regional and local fault structures. On June 30, 2020, Infield entered into a property option agreement to acquire 100% interest in the M1 property over a three-year term, for which it has completed the first-year anniversary option payments in the amounts of US$35,000 and 180,000 common shares of Infield.
Five drill sites have been permitted in the North Zone, from which seven drill holes have been proposed for the testing of high priority targets. Proposed drill hole depths vary between 150 to 400 meters and are designed to test geophysical anomalies that exhibit signatures consistent with potential mineralized structures and mineralized geological features. Historical drilling data in the North Zone have revealed that 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 looks to follow up on the encouraging historical data and to test whether near surface mineralization extends to depths across interpreted structures and geophysical signatures.