Infinite ORE Clarifies Inaugral Drill Program ON Fredart IN Red Lake Mining District Release
INFINITE ORE CLARIFIES INAUGRAL DRILL
PROGRAM ON FREDART IN RED LAKE MINING
DISTRICT RELEASE
June 11th, 2020 Vancouver, BC, Canada – Infinite Ore Corp. (“ILI” or the “Company”)
(ILI-TSX:V) (OTCQB:ARXRF) announces a clarification of its inaugural 1,250 metre
diamond drill program news release dated earlier today. The phase one diamond drill
program will commence within a week and aims to confirm and expand on the VMS
mineralized zones, test for gold mineralization, and refine the Leapfrog 3D model.
Disclosure that is “non -NI 43-101 compliant” cannot be disclosed under Canadian
securities law. The previously released disclosure should have been disclosed as a
“historical estimate” providing all disclosure required by NI 43 -101, 2.4(a) to (g) –
Disclosure of Historical Estimates:
The Fredart property hosts the Copperlode/Fredart zone, with a historical mineral
resource of 386,200 tonnes grading 1.56 per cent copper (% Cu) and 33.6 grams per
tonne silver (g/t Ag) (completed by Phelps -Dodge Mining Co. in 1971 and included
within a prospectus for Consolidated Copper Lode Developments Inc., Jan. 7, 1977,
submitted to the Ontario Securities Commission) . This historical mineral resource
requires further drilling in order to verify and upgrade the resource to NI 43 -101
standards. A Qualified Person has not done sufficient work to classify the historical
estimate as current resources or mineral reserves and Infinite Ore is not treating the
historical estimate as current mineral resources or mineral reserves.
The Qualified Person has not verified the data disclosed, through sampling, analytical,
nor test data. The information was obtained from assessment rep orts submitted to
the Ontario government, and publicly available company reports. The Qualified Person
has not completed sufficient work to verify the historic information on the Property,
particularly in regards to the historical drill results and historical resource estimates.
However, the Qualified Person believes that drilling and analytical results were
completed to industry standard practices. The information provides an indication of
the exploration potential of the Property but may not be representa tive of expected
results.
Mr. Kelly Malcolm, P.Geo, is the qualified person as defined by National Instrument
43-101 who has examined and reviewed the recent NI 43-101 report and geological
information available from public sources related to the property , and is responsible
for approving the technical contents of this press release.
About Infinite Ore Corp.
Infinite Ore is a junior mining exploration company focused on seeking and acquiring
world-class mineral projects globally. The company's current foc us is on properties
with the potential for VMS mineralization in the Confederation mineral belt near Red
Lake, Ont., as well as the Jackpot lithium property located near Nipigon, Ont.
ON BEHALF OF THE BOARD
“Mike England”
Mike England, President and CEO
FOR FURTHER INFORMATION, PLEASE CONTACT:
Telephone: 1-604-683-3995
Toll Free: 1-888-945-4770
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the TSX Venture Exchange) accepts responsibili ty for the adequacy
or accuracy of this release.
FORWARD LOOKING STATEMENTS: This news release contains forward -looking statements,
which relate to future events or future performance and reflect management’s current
expectations and assumptions. Such for ward-looking statements reflect management’s
current beliefs and are based on assumptions made by and information currently available to
the Company. Investors are cautioned that these forward looking statements are neither
promises nor guarantees, and are subject to risks and uncertainties that may cause future
results to differ materially from those expected. These forward -looking statements are made
as of the date hereof and, except as required under applicable securities legislation, the
Company does not assume any obligation to update or revise them to reflect new events or
circumstances. All of the forward-looking statements made in this press release are qualified
by these cautionary statements and by those made in our filings with SEDAR in Canada
(available at WWW.SEDAR.COM).