Infinite ORE Launches Inaugral Drill Program ON Fredart IN Red Lake Mining District
INFINITE ORE LAUNCHES INAUGRAL DRILL
PROGRAM ON FREDART IN RED LAKE MINING
DISTRICT
June 11th, 2020 Vancouver, BC, Canada – Infinite Ore Corp. (“ILI” or the “Company”)
(ILI-TSX:V) (OTCQB:ARXRF) is pleased to announce its inaugural 1,250 metre
diamond drill program on the Fredart property in the Red Lake Mining District. 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. The ILI Fredart property is located approx. 40 km from the
eastern boundary of Great Bear Resource Ltd.’s Dixie project and host an historical
resource of (non-NI 43-101 compliant *) 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 resource estimate does not comply with the standards
of NI 43-101 and has not been reviewed by a qualified person, nor verified. Infinite
Ore is not treating the historical resource estimate as a curren t mineral resource or
mineral reserve.
Figure 1: Location of ILI’s Property Holdings in the Red Lake District
The 1,250-metre drill program will focus on areas of known VMS mineralization and
aims to expand upon the historical resource along strike and to depth. Initial drill
targets are at a maximum depth of 200 vertical metres metres below surface.
Historical drilling on the C opperlode “A” prospect identified several lenses of
mineralization within diamond drill holes, which previous operators interpreted as a
single VMS horizon which was subject to several folding events. Infinite’s objectives
for this program are three-fold: confirm the historical grades and widths; expand the
known mineralization to depth and along strike; and test for gold mineralization which
was historically not often analyzed.
Being well located in the Red Lake Mining district, the Fredart property benefits from
excellent infrastructure and a highly skilled work force, as well as several nearby mills
and active mining operations. ILI has contracted Chibougamau Diamond Drilling,
which has significant experience in drilling in Red Lake, for this drill campaign.
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.
Figure 2: Geology of the Fredart Property with Known Mineral Occurrences.
Drilling will be focused on the Copperlode “A” Prospect and surrounding
areas.
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 focus 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
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defined in the policies of the TSX Venture Exchange) accepts responsibility 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 forward -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).