VANCOUVER, Jan. 19, 2012 /PRNewswire/ - INFORM RESOURCES
CORP. TSX-V: IRR ("Inform" or the "Company") is pleased to
announce that the Company has staked an additional 1,590 claims
(32,199 hectares) over three blocks on the La Liga silver-lead-zinc
Project, located north of Faro,
Yukon.
The La Liga Project is located approximately
70km north of the town of Faro,
and now consists of 2,953 quartz mining claims covering 59,799
hectares over three blocks: Galaxy (2,285 claims), Premiership (254
claims) , and Old Trafford (414 claims). The properties lie
to the north and west of Silver Range Resources Ltd.'s flagship
project, which recently announced multiple zones of both
bulk-tonnage and high grade silver discoveries.
The Galaxy block consists of 2,285 claims
covering 46,271 hectares. Multiple zones of disseminated to massive
arsenopyrite, galena, sphalerite, pyrite, and pyrrhotite
mineralization within fractured and intensely silicified sediments,
chert, and calc-silicate skarn horizons have been identified on the
Galaxy block and appear to be associated with a northwest oriented
structural corridor that forms a 4km trend of mineralization that
is open in all directions. Rock sampling recently announced by the
Company indicates the potential for high-grade silver-lead-zinc +/-
gold-copper mineralization in the area.
Grab sample results from the Red Devil
Zone include:
- 877 g/t silver, 0.843 g/t gold, 9.58% lead
- 276 g/t silver, 0.802 g/t gold, 4.06% lead
- 579 g/t silver, 0.394 g/t gold, 4.84% lead
- 1.02 g/t gold
Grab sample results from the Galactose
Zone include:
- 216 g/t silver, 9.94% lead, 8.22% zinc
- 144 g/t silver, 0.72% lead, 6.02% zinc
- 125 g/t silver, 1.10% lead, 5.19% zinc
(see Inform Resources news release dated
December 8, 2011)
The Premiership block is located approximately
15km west of La Liga and consists of 254 claims covering 5,144
hectares. The area underwent minor exploration for SEDEX style
silver-lead-zinc mineralization in the early 1980's, and previous
operators discovered zones of disseminated to fracture controlled
arsenopyrite - sphalerite - galena mineralization within chert,
anomalous silver, lead, and zinc in soil samples, and a zone of
massive barite up to 20m thick traceable over 5.5km. This
prospect is likely sediment exhalative (Sedex) style barite; the
nearby Faro mine was a Sedex
zinc-lead-silver operation. The Premiership area is underlain
by Paleozoic sedimentary rocks that are crosscut by numerous faults
and a small Cretaceous intrusion with sulfide-bearing hornfels and
skarn. Minor rock chip and grab sampling by previous operators with
specimens of chert hosting disseminated arsenopyrite, sphalerite,
and chalcopyrite returned anomalous base metal and silver
values.
The Old Trafford block is approximately 40km
west of La Liga and consists of 414 claims covering 8,384 hectares.
The area is underlain by a sequence of thrusted and locally folded
Proterozoic - Paleozoic-Triassic sedimentary rocks with horizons of
massive barite (up to 10m thick) and stratabound lenses of massive
pyrrhotite with sphalerite, chalcopyrite, pyrite, and galena. The
sedimentary sequence is cross-cut by northwest trending faults and
intruded by Cretaceous volcanic plugs and intrusive rocks with
associated sulfide-bearing hornfels and skarn development.
The area has been intermittently worked for SEDEX style
silver-lead-zinc mineralization by various companies since the
early 1980's; including 3,808 meters of historic diamond drilling,
geologic mapping, soil sampling, and geophysical surveys.
Highlights from diamond drilling performed in the 1990's by
Blackstone Ventures on the Francois grid includes 5.48% zinc, 6.13% lead,
and 136.7 g/t silver over 0.8m from FRN96-02 and 8.42% zinc, 2.43%
lead, and 29.8 g/t silver over 2m from FRN96-04. Blackstone also
noted zones of strongly anomalous gold and PGE mineralization from
some of their drill holes. Numerous additional zones of sulfide
mineralization with anomalous silver-lead-zinc +/- copper-gold are
noted across the property; a majority of which have seen only minor
exploration.
The Company is planning an aggressive drill
program on the La Liga Project during the 2012 season including
5,000m of diamond drilling focused on the Red Devil and Galactose
Zones, as well as additional prospecting, soil sampling, geologic
mapping, and geophysical surveys.
Jodie Gibson,
P.Geo, is a consultant to 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.
About Inform
Inform Resources Corp. is a TSX-V listed
exploration company (TSX-V: IRR) based in Vancouver, BC, Canada. Inform 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.
Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) has reviewed or accepts
responsibility for the adequacy or accuracy of this
release.
SOURCE Inform Resources Corp.