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Information posted was accurate at the time of posting but may be superseded by subsequent news releases Back 
Blue Nose Drill Program Completed
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April 20, 2009 - Infrastructure Materials Corp. (NASDAQ OTC-BB: Symbol IFAM) (the "Company") is pleased to announce the completion of the first phase of the Company's Blue Nose Limestone Project Drill Program. The property is located in Lincoln County, Nevada, approximately 70 miles north east of Las Vegas. Phase 1 of the drill program consisted of 3,500 feet of drilling in a target area previously identified as cement grade limestone during a geological mapping and sampling program conducted by the Company in November, 2008.
The Company was encouraged by the initial surface results on the property and a decision was made to proceed with drill testing. The western portion of the property was targeted to determine continuity of grade and depth of the cement grade limestone body. All ten drill holes ranged between 300 -- 500 feet in depth and encountered unaltered limestone from surface to maximum drill depth. Assay results of surface samples taken from this area of the property indicate cement grade limestone with suitable potential tonnage estimates. The Project is within eight miles of railhead in southern Nevada. Assay results from the drill program are expected within the next 30 days. At present, there are no producing cement grade limestone properties closer to Las Vegas than the Blue Nose limestone Project.
Work will continue on the Company's other limestone projects. A drill program of 23 drill holes totalling 7000 vertical feet will commence April 20, 2009 on the Morgan Hill Project.
Infrastructure Materials Corp.'s efforts toward the development of cement grade limestone resources are appropriately timed with the United States' infrastructure stimulus plans. A 2009 report by the American Society of Civil Engineers ("ASCE") indicates that it will take $2.2 trillion over 5 years to repair existing U.S. infrastructure. Looking to California and Nevada, two states that represent one of the largest cement markets in the U.S., and the largest potential market for the Company's developing resources, the ASCE cited several deficiencies including:
- California drinking water infrastructure needs an investment of $27.87 billion over the next 20 years.
- 66% of California's major roads are in poor or mediocre condition.
- 68% of California's urban interstates are considered congested.
- A $13 billion dollar fast rail line project is planned between Los Angeles and Las Vegas.
- 59% of Nevada's major urban highways are congested.
- 16% of Nevada's bridges are structurally deficient or functionally obsolete.
- Nevada's transportation department has identified 10 mega projects costing an estimated $4.8 billion that should be completed by 2015 to avoid gridlock in urban areas.
The urgency toward repair of the U.S. Infrastructure has recently been addressed by the U.S. Government's efforts to stimulate the economy. The Obama administration has focused on infrastructure spending as part of its stimulus program to create new jobs and offer much needed repair to aging U.S. infrastructure.
Infrastructure Materials Corp. is an exploration stage mining company that is directing its efforts to the development of cement grade limestone deposits in strategic locations in the United States.
For more information, please contact,
Scott Koyich, IR
Mason Douglas, President
Phone 866-448-1073
Fax 866-786-6415
email info@infrastructurematerialscorp.com
or visit our Website at
www.infrastructurematerialscorp.com
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 the 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. |
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