June 6, 2022 – Vancouver, BC, Canada. Infield Minerals Corp. (TSX-V: INFD) (“Infield” or the “Company”) is pleased to announce that it has received a Notice of Intent (“NOI”) permit from the Bureau of Land Management for drilling at its 100% owned Desperado property (“Desperado” or the “Property”) in Nevada. The Company has retained the services of Midnight Sun Drilling for the upcoming campaign, which is expected to commence in July 2022. Construction of access roads and drill pads are planned to proceed imminently in preparation for drill mobilization.
The 2022 campaign represents the first drilling at the Property in recent decades and is planned to test eight to ten priority targets outlined through systematic exploration. The program consists of approximately 2,000 metres of RC drilling from up to eight permitted drill sites. Priority targets include buried lithological contacts and structural features identified using modern exploration techniques.
“Over the past year, we have progressed the Desperado project from an early stage prospect to a drill ready status. Our systematic exploration process has identified multiple anomalous trends that are prospective for gold and silver, and we are extremely excited to drill test them,” stated Evandra Nakano, President and CEO of Infield. Ms. Nakano continued, “Several of our prospective targets are under cover, providing opportunities for discovery in areas overlooked by historical miners.”
The Property hosts a large clay alteration footprint covering an area of over 6 km by 4 km, suggesting that a sizeable hydrothermal system existed during mineral emplacement. The clay alteration was detected using an Aster image spectral interpretation, and the prospective ground was further investigated during subsequent field visits in 2021. Sixty rock grab samples were collected and evaluated using a Terraspec Spectrometer, which confirmed the presence of hydrothermal clay minerals such as illite, alunite, kaolinite and minor dickite. The clay altered rocks underlying the Property host several illite-kaolinite associations typical of the low sulphidation epithermal environments common in the nearby Tonopah area and along the Walker Lane trend of Nevada. Significant potential exists across the Property given the productive host environment and scale.
Gold and Silver Distribution
Extensive artisanal mining was conducted in the area during the early 1900s, demonstrating that mineralization was found widely distributed among the clay altered areas. More than one hundred historical workings identified on the Property represent sites where high-grade gold and silver were likely extracted. Sampling of remaining wall rock material from historical mine dumps confirms the presence of anomalous mineralization at or near contacts between andesite and rhyolite where silicified structures are enriched in sulphides (primarily pyrite).
Historical operators typically exploited formations that were either outcropping or near surface, leaving behind significant potential in areas under cover. Modern exploration techniques, such as induced polarization (“IP”) and magnetic geophysical surveys, have been used by Infield to target prospective contacts and structures that are buried under layers of desert gravel and thus have never been previously tested. The chargeability highs associated with some of these targets may represent an increase in sulphide content which is linked to gold and silver mineralization in the area. In the western part of the Property, several historical mine shafts have been observed to extend down mineralized faults. These faults, along with several others, correspond well with the magnetic survey results obtained by Infield in 2021. Fault intersections may represent zones of dilation that are conducive to mineral emplacement, and therefore form strong targets with potential to host considerable concentrations of mineralization.
The Company believes that Desperado is well positioned within favourable rocks overlain by a large hydrothermal alteration footprint indicating the potential for a sizable epithermal system, that recent sampling and historical workings demonstrate that the system is mineralized, and that the strongest targets on the Property are obscured by cover and remain untested.
Technical information in this news release has been reviewed and approved by Richard Dufresne, P.Geo., Vice-President Exploration for Infield Minerals Corp., and a Qualified Person for the purposes of National Instrument 43-101.
The potential quantity and grade of mineralization described herein is conceptual in nature as there has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in targets being delineated as a mineral resource.
For more information, please contact Evandra Nakano, the CEO, President and a director of the Company, at +1 (604) 220-4691 or email: firstname.lastname@example.org.
On Behalf of the Board of Directors of Infield Minerals Corp.
President, CEO & Director
Infield Minerals is currently exploring for gold and silver in mining-friendly Nevada. Our mission is to grow and deliver value through discovery, acquisitions and sustainable development of high quality, high potential assets for the social and economic benefits of our stakeholders. Founded in 2020, Infield is led by a team of mining entrepreneurs with extensive technical and resource evaluation experience.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Statements included in this announcement, including statements concerning Infield’s plans, intentions and expectations, which are not historical in nature, are intended to be, and are hereby identified as, “forward‐looking statements”. Forward-looking statements include, among other matters, the exploration plans for the Desperado property. Forward‐looking statements may be, but are not always, identified by words including “anticipates”, “believes”, “intends”, “estimates”, “expects” and similar expressions. Infield cautions readers that forward‐looking statements, including without limitation those relating to Infield’s future operations and business prospects, are subject to certain risks and uncertainties (including geopolitical risk, regulatory, COVID-19 and exchange rate risk) that could cause actual results to differ materially from those indicated in the forward‐looking statements. There can be no assurance that any forward-looking statement will prove to be accurate or that management's assumptions underlying such statements, including assumptions concerning future developments, circumstances or results, will materialize. The forward-looking statements included in this news release are made as of the date of this new release and Infield does not undertake to update or revise any forward-looking information included herein, except in accordance with applicable securities laws.