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Information posted was accurate at the time of posting but may be superseded by subsequent news releases Back 
Drill Program Underway at Blue Nose Project
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March 30, 2009 - Infrastructure Materials Corp. (NASDAQ OTC-BB: Symbol IFAM ) is pleased to announce a drill program commenced on March 24, 2009 on the Company's Blue Nose Limestone Project, located in Lincoln County, Nevada, approximately 70 miles north east of Las Vegas. The drill program will consist of 5,000 vertical 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 is encouraged by the initial surface results on the property and a decision was to proceed with drill testing. As a first phase of this project, the western portion of the property has been targeted to determine continuity of grade and depth of the limestone body. The first drill hole (Hole BN 1) has been completed and encountered unaltered limestone from 0-300 feet. Assay results of surface rock samples taken from this area of the property indicate cement grade limestone with suitable preliminary tonnage. The Project is within eight miles of railhead in southern Nevada. In addition to encouraging preliminary grades and tonnages, management believes the Blue Nose Project is favourably located because of its close proximity to the Las Vegas and California markets. Further surface definition and sampling of another large zone located on the eastern half of this property is currently being completed. At present, there are no producing cement properties closer to Las Vegas than the Blue Nose limestone Project.
Work continues on the Company's other limestone projects. A drill program of thirty-one drill holes totalling 10,000 vertical feet has been approved by the Nevada State Office of the Bureau of Land Management for the Company's Morgan Hill Project. Drilling is expected to commence following completion of the Blue Nose program, which is expected in the second half of April, 2009.
The Company's recent efforts towards the development of cement grade limestone resources are appropriately timed to meet the U.S. Federal 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. Recently, California's Governor Arnold Schwarzenegger, who co-founded Building America's Future, a coalition that is pursuing a plan to spend $1.6 trillion on Federal projects ranging from dams to high-speed rail, met with President Obama to discuss infrastructure. Following their meeting Governor Schwarzenegger was quoted as saying:
"Not only would greater, sustained investment in our nation's ailing infrastructure create jobs immediately, it would also establish long-term economic competitiveness, address our environmental needs, and enhance the quality of life across our nation. California knows first-hand from our Strategic Growth Plan that there are vast benefits to focusing on infrastructure, which is why we are aggressively pushing for long-term federal investment in our nation's infrastructure needs." (Building America's Future Press Release March 20, 2009)
Infrastructure Materials Corp. (formerly known as "Silver Reserve 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. The Company has two wholly-owned subsidiaries, one holding limestone projects in Nevada and Idaho and the other holding fifteen silver/base metal projects in the State of Nevada. The Company also owns a 250 ton per day milling facility at Mina, Nevada.
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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