Ecc Ventures 2 Corp. Qualifying Transaction Target Infield Minerals Receives Notice of Intent Permits FOR Upcoming Drill Program
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ECC VENTURES 2 CORP.
Suite 1600, 609 Granville Street
Vancouver, BC V7Y 1C3
Telephone: 1-778-331-8505
NEWS RELEASE
ECC VENTURES 2 CORP. QUALIFYING TRANSACTION TARGET INFIELD MINERALS
RECEIVES NOTICE OF INTENT PERMITS FOR UPCOMING DRILL PROGRAM
NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES.
February 10, 2021 – Vancouver, BC, Canada. ECC Ventures 2 Corp. (“ECC2” or the “Company”)
(TSXV: ETWO.P) is pleased to announce that its Qualifying Transaction (“QT”) target, Infield Minerals
Corp. (“Infield”), has received Notice of Intent permits from the Bureau of Land Management (“BLM”)
for drilling at the North and South zones of its Mercury One property (the “Mercury One Property”) in
Nevada. Infield is required to submit a financial guarantee to the BLM for the reclamation bond prior to
commencement of drilling activities. The Phase 1 drilling campaign is expected to commence this quarter
with approximately 2,000 metres of reverse circulation (“RC”) drilling planned to test the South zone
targets.
The Mercury One Property is a low-sulphidation epithermal gold-silver project located in the Schell Creek
Range, White Pine County, Nevada. Gold and silver mineralization at the Mercury One Property is
associated with silicified breccia zones along and proximal to regional and local fault structures. On June
30, 2020, Infield entered into a property option agreement with Mercury Exploration Nevada Inc. to acquire
100% interest in the Mercury One Property over a three-year term.
2020 Exploration Summary
During the fall of 2020, Infield increased the size of the Mercury One Property land package by
approximately 38% through ground staking of 68 lode mining claims, bringing the Mercury One Property
total to 250 claims covering 2,090 hectares. Additionally, Infield carried out field reconnaissance and
sampling at the Mercury One Property, followed by ground geophysical surveying. TMC Geophysics was
engaged by Infield in October 2020 for the geophysical surveys, completing a total of 35.5 line-kilometres
of Induced Polarization (“IP”) readings over two separate survey grids at the North and South zones (Figure
1). The area covered by t he South zone IP grid will be the focus of Infield’s upcoming Phase 1 drilling
campaign.
2021 Phase 1 Drilling Campaign
Infield has retained the services of Major Drilling for approximately 2,000 metres of RC drilling planned
for this quarter. Five drill sites have been permitted in the South zone of the Mercury One Property and five
drill holes varying from 250 meters to 450 meters in length have been proposed to test initial targets during
Phase 1 (Figure 2). The outlined drill program will prioritize targets with coincident IP anomalies, altered
and brecciated rocks mapped on surface, and anomalous gold and silver values interpreted to be associated
with silicified fault structures. These drill targets have never been previously tested and present a
compelling opportunity for discovery.
“Since launching last year with a strong portfolio of gold -silver properties in Nevada, Infield has made
significant strides forwar d; becoming established in a new jurisdiction , building an exceptional team
including experienced Nevada consultants , and adv ancing the Mercury One Property through to a drill
ready status. We are extremely pleased to have this opportunity to drill test these exciting targets outlined
for Infield’s very first drilling campaign,” stated Infield’s President and CEO, Evandra Nakano.
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Figure 1: Mercury One Property scale map showing IP survey grid locations
(1)Historical drilling assay results were obtained from a n independent third party. The laboratories, analytical methods and
accuracy could not be verified by Infield.
(2)Selected rock samples collected by Mercury Exploration Nevada Inc. (independent of Infield) in 2018-2019 were prepared and
analysed at American Assay Laboratories in Sparks, NV for fire assays ( FA-PB30-ICP) and multi-element geochemical analysis
(2AM50). American Assay Laboratories is an independent geochemical analytical testing laboratory which has been ISO -17025
accredited by IAS.
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Figure 2: Mercury One Property – South zone IP survey area showing proposed drill hole locations
Qualified Person
Technical information in this news release has been reviewed and approved by Richard Dufresne, P.Geo.,
Vice-President Exploration for Infield Minerals Corp. and a Qualified Person for the purposes of National
Instrument 43-101.
The potential quantity and grade of mineralization described herein is conceptual in nature as there has been
insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in
targets being delineated as a mineral resource.
Trading of ECC2’s common shares will remain suspended until completion of the QT.
For more information, please con tact Scott Ackerman, the CEO, CFO and a director of the Company, at
778-331-8505 or email: [email protected].
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On Behalf of the Board of Directors of ECC Ventures 2 Corp.
Scott Ackerman
Director
Completion of the QT is subject to a number of conditions, including, among others, TSX Venture Exchange (“TSXV”) acceptance
and if applicable pursuant to TSXV Requirements, majority of the minority shareholder approval. Where applicable, the QT cannot
close until the required approvals are obtained. There can be no assurance that the Acquisition will be completed as proposed o r
at all.
Investors are cautioned that, except as disclosed in the disclosure document to be prepared in connection with the QT, a ny
information released or received with respect to the QT may not be accurate or complete and should not be relied upon. Tradin g
in the securities of ECC2 should be considered highly speculative.
The TSXV has in no way passed upon the merits of the proposed Acquisition and has neither approved nor disapproved the contents
of this news release.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
Statements included in this announcement, including statements concerning our and Infield’s plans, intentions and expectation s,
which are not historical in nature, are intended to be, and are hereby identified as, “forward‐looking statements”. Forward-looking
statements include, among other matters, the exploration plans for the Mercury One Property. Forward‐looking statements may
be, but are not always, identified by words including “anticipates”, “believes”, “intends”, “estimates”, “expects” and simila r
expressions. The Company cautions readers that forward‐looking statements, including without limitation those relating to the
Company's and Infield’s future operations and business prospects, are subject to certain risks and uncertainties (including r isks
that the QT does not proceed, or proceed on the expected terms, geopolitical risk, regulatory, Covid -19 and exchange rate risk)
that could cause actual results to differ materially from those indicated in the forward‐looking statements. There can be no
assurance that any forward -looking statement will prove to be accurate or that management's assumptions underlying such
statements, including assumptions concerning the Acquisition or future developments, circumstances or results will materializ e.
The forward-looking statements included in this news release are made as of the date of this new release and the Company does
not undertake to update or revise any forward-looking information included herein, except in accordance with applicable securities
laws.