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VANCOUVER, BC / ACCESSWIRE / July 25, 2022 / Infield Minerals Corp. (TSX-V:INFD) (“ Infield “or the” Company “) is pleased to announce that it has commenced drilling on its 100% owned Desperado gold-silver property (“ Desperado “or the” Property “) in Nevada.
- Drilling is underway at Desperado where the Company has planned eight to ten holes to test epithermal style gold-silver mineralization
- The program consists of approximately 2,000 meters of reverse circulation (“ CR “) drilling and is expected to be completed in August
- Priority targets include buried lithological contacts and structural features that present attractive sheltered discovery opportunities.
“We are extremely pleased to have commenced our inaugural drill campaign at Desperado. The diligent work of our team over the past year has opened up an excellent opportunity for a potential discovery in a historic mining camp where previous activity was largely focused on limited outcrop areas,” said Evandra Nakano, President and CEO of Infield. Ms. Nakano continued, “Modern exploration techniques and a systematic approach have allowed us to explore in covered areas and refine targeting in areas that have historic artisanal mining activity. I am personally delighted to be on hand to observe this first drill test of the compelling targets we have developed.”
Figure 1: RC drill installed on site for Infield’s first borehole at Desperado, DP22-01.
Significant potential exists on the Desperado property in areas where potential lithological contacts and structural features are obscured at surface by desert gravel. These features were interpreted by Infield using geophysical techniques to “see” under cover. The magnetism (“ Magazine “) and induced polarization (“ IPs “) Geophysical surveys conducted by Infield in 2021 identified more than forty anomalous IP trends that represent potential epithermal targets.
Figure 2: Map of the Desperado property showing proposed drill holes with chargeability and IP anomalies.
The chargeability peaks associated with some of the targets may represent an increase in sulphide grade that is related to gold and silver in the area. These potential targets are large subcrop bodies that have IP signatures consistent with potentially altered and mineralized structures. The cross-sections in Figure 3 show examples of chargeability highs that demonstrate the potential of structural features and lithologic contact zones to transport mineralization over significant depths and widths.
Magnetic surveys can help identify potential structures or shear zones, as well as different rock units, by measuring the natural magnetism of the rock and highlighting contrasts with host rocks. Several historical mine shafts in the western part of the property were observed extending down mineralized faults, which agrees well with the results of the Mag survey, indicating potential targets. The cross-section in Figure 4 shows an example of a magnetic low associated with a targeted fault where the magnetite in the rocks has been destroyed by fault activity producing the Mag anomaly. At Desperado, fault intersections may represent expansion zones conducive to mineral emplacement and therefore form strong targets that could host considerable concentrations of mineralization.
Following analysis of the comprehensive dataset collected by Infield in 2020 and 2021, which includes geological mapping, rock and soil sampling and geophysical surveys, eight to ten targets have been prioritized for testing. initial drilling. The program includes approximately 2,000 meters of RC drilling and is expected to be completed in August.
Figure 3: AB and CD cross-sections showing chargeability (2D inversion model). The proposed holes are represented by blue dotted lines.
Figure 4: EF cross-sections showing the total magnetic field. The proposed hole is represented by a blue dotted line.
The technical information contained in this press 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 here is conceptual in nature as there has not been sufficient exploration to define a Mineral Resource and it is uncertain whether further exploration will result in the delineation of targets. as a mineral resource.
For more information, please contact Evandra Nakano, CEO, President and Company Director, at +1 (604) 220-4691 or by email: [email protected].
On behalf of the Board of Directors of Infield Minerals Corp.
President, CEO and Director
Infield Minerals is currently exploring for gold and silver in mining-friendly Nevada. Our mission is to grow and create value through the discovery, acquisition 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 assessment experience.
Neither the 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 regarding 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 things, exploration plans for the Desperado property. Forward-looking statements may, but are not always, identified by words such as “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, 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 forward-looking statements will prove to be accurate or that management’s assumptions underlying such statements, including assumptions regarding future developments, circumstances or results, will materialize. The forward-looking statements included in this press release are made as of the date of this further release, and Infield does not undertake to update or revise any forward-looking information included herein, except in accordance with applicable securities laws.
THE SOURCE: Infield Minerals Corp.
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