RENO, NV, May 10, 2010 /PRNewswire via COMTEX/ -- Infrastructure Materials Corp. (NASDAQ OTC-BB: Symbol IFAM) (the "Company") is pleased to announce the acquisition of mineral exploration rights for two projects in the state of Arizona, the Blye Canyon Project and the Tres Alamos Project. These projects offer a promising foothold into the Arizona and Nevada cement markets. The Blye Canyon Project includes mineral exploration permits on 3.5 sections of land totalling 2227 acres located 23 miles west of Seligman in northwest Arizona. The Tres Alamos Project includes mineral exploration permits on 14 sections of land totalling approximately 7,900 acres located 65 miles east of Tucson and 18 miles northeast of Benson, Arizona.
Assay results across 200+ surface samples collected for the Company from the Blye Canyon Project area are promising, with results in the range of cement grade limestone. The average value for calcium oxide (CaO) was 51.10% with a median of 51.47%. The average value for magnesium oxide (MgO) was 4.06% with a median of 0.11%. The average value of silica (SiO2) was 1.74% with a median of 0.16%. Mapping suggests that the limestone bed may be between 100-150 feet thick. With a rail line 4 miles north of the project area, management believes the property is well situated to reach markets in both Nevada and Arizona.
Mapping of the Tres Alamos Project area suggests the possibility of limestone deposits large enough to warrant exploration for the purpose of production.
Assay results are within the range of cement grade limestone. Values obtained across the surface samples collected for the Company from the Escabrosa limestone are as follows: Calcium oxide values averaged 49.9 % with a median of 55.1 %. Silica averaged 8% with a median of 2.9%. Magnesium oxide averaged 3% with a median of 0.31%. Values across the surface samples collected for the Company from the Horquilla limestone are as follows: Calcium oxide values averaged 46.6 % with a median of 50.9 %. Silica averaged 13.9 % with a median of 8.3 %. Magnesium oxide averaged 1.5 % with a median of 0.56 %. With a railroad line approximately 12 miles to the southeast of the Tres Alamos Project, management believes it is well situated to furnish cement to Tucson and Phoenix.
Infrastructure Materials Corp. is an exploration stage mining company that is directing its efforts to the exploration and development, if warranted, of cement grade limestone deposits in strategic locations in the United States and Canada.
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.
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