11/8/2012 1:49:53 PM | Marketwire News
Inform Resources Expands Multiple Silver-Lead-Zinc Anomalies, Faro District, Yukon
November 8, 2012 - 01:49:53 PM
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 8, 2012) - Inform Resources Corp. (TSX VENTURE:IRR)("Inform" or the "Company") is pleased to announce the results of rock and soil sampling from its 100% owned La Liga Property within the Faro Mining District, Yukon Territory, Canada, collected during the 2012 field season. The Property is located Northwest of Silver Range Resources' flagship project, which hosts multiple zones of both bulk-tonnage and high grade silver discoveries.
During the summer of 2012, Inform completed a program of mapping, rock and soil sampling targeting intrusive-related and sediment-hosted silver-lead-zinc mineralization. 1,072 soil samples and 80 rock samples were collected. Soil sampling results extended known trends of anomalous silver, lead and zinc at the Cottagers and Red Devil zones on the Galaxy claim block, and rock sampling identified high-grade silver - lead mineralization on the Old Trafford block. Large areas of the property remain unexplored, and the soil trends remain open for expansion. Highlights from the sampling program include:
-- Red Devil: Extended the existing silver-lead soil anomaly 850m to the
-- Cottagers Zone: Soil samples up to 29.3 g/t silver, extended the silver-
lead soil anomaly 300m to the north and 1,000m to the east.
-- Old Trafford: Rock grab samples up to 213 g/t silver and greater than 1%
To view, La Liga Silver in Soils, please click on the following link: http://media3.marketwire.com/docs/irr1107a.jpg
To view, La Liga - Faro Mining District, please click on the following link: http://media3.marketwire.com/docs/irr1107.jpg
The Red Devil prospect occurs within the southeast extent of a 2,000m by 500m zone of strongly anomalous silver and lead in soils. This showing covers a 250m by 70m area with a series of east-west oriented zones of strongly fractured and altered chert and clastic sediments hosting disseminated, brecciated, and veined arsenopyrite and galena mineralization. Previously reported rock grab samples from the area range from trace values to 877 g/t silver, to 1.02 g/t gold, and to 9.58% lead (see Inform news release dated December 8, 2011). Soil sampling in 2012 has extended the area of anomalous silver and lead in soils 850m to the east, and open for expansion. Silver in 2012 soil samples range from 0.2 g/t to 2.9 g/t Ag, averaging 0.7 g/t, and lead in 2012 soil samples range from 13 ppm to 168 ppm Pb, averaging 47 ppm.
The Cottagers Prospect is dominantly overburden covered with limited bedrock exposure. 2012 soil sampling has extended the area of anomalous silver - lead - zinc in soils 300m to the north and 1,000m to the east. Silver in soil values range from 0.2 to 29.3 g/t Ag, averaging 1.11 g/t; lead in soil values range from 2 ppm to 596 ppm Pb, averaging 55.7 ppm; and zinc in soil values range from 8 ppm to 554 ppm Zn, averaging 133 ppm. The anomaly is open for expansion to the north.
Reconnaissance exploration on the Old Trafford claim block identified areas of strongly quartz-sericite-pyrite altered clastic sediments and fractured chert with veined, disseminated, and locally massive lenses of pyrite and arsenopyrite. Rock grab samples from the claim block ran up to 213 g/t Ag and greater than 1% Pb. 24 rock samples were collected from the area and ran between 0.05 g/t and 213 g/t Ag, averaging 13.5 g/t.
Maps and photographs relating to the La Liga Property and related zones can be viewed on the Company's website. www.informresources.com.
Assays and analyses reported above were performed at the SGS laboratory in Vancouver. The soil samples were analyzed for 36 elements by aqua regia digestion followed by inductively coupled plasma - atomic emission spectroscopy and mass spectrometry (ICP14B). Rock samples were analyzed for 52 elements by aqua regia digestion and inductively coupled plasma - atomic emission spectroscopy (ICM14B). Rock sample were analyzed for gold by fire assay followed by atomic absorption (FAA313). The 2011 field program was performed under the supervision of Jodie Gibson, P.Geo, Vice President of Exploration for Inform and Qualified Person as defined by NI 43-101. Mr. Gibson prepared and reviewed the technical information in this news release on behalf of Inform.
Inform Resources Corp. is a TSX-V listed exploration company (TSX VENTURE:IRR) based in Vancouver, BC, Canada. Inform Resources is focused on the acquisition and discovery of economic mineral deposits in the Yukon. The Company's current exploration activities are focused on the Mike Lake Project, a gold-silver-copper system and the La Liga Project a silver-lead-zinc system all in the prolific Tintina Gold Belt. The Company's management and technical advisory team's successes include past discoveries as well as currently producing mines in the Yukon. Additional information is available at www.informresources.com.
ON BEHALF OF THE BOARD
Aaron Keay, Chief Executive Officer
Forward-Looking Statements: Some statements in this news release contain forward-looking information or forward-looking statements for the purposes of applicable securities laws. These statements include, among others, statements with respect to proposed exploration, development and production activities and their timing, potential mineralization and the anticipated acquisition of property interests. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include, among others, receipt of regulatory approvals, completion of anticipated transactions, the timing and success of future exploration, development and production activities, exploration and development risks, expenditure and financing requirements, title matters, third party consents, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices and one-time events. In making the forward-looking statements, the Company has applied several material assumptions including, but not limited to, the assumptions that: (1) the proposed exploration and development of mineral projects will proceed as planned; (2) market fundamentals will result in sustained metals and minerals prices and (3) any additional financing needed will be available on reasonable terms. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.
FOR FURTHER INFORMATION PLEASE CONTACT:
Inform Resources Corp.
Manager, Investor Relations
+1 (604) 681-5672
Inform Resources Corp.
CEO & Chairman
+1 (604) 678-4024