Infield Minerals Corp said it has received a revised drill permit and expects to begin about 2,000 metres (m) of reverse circulation (RC) drilling at the North Zone of its M1 property in Nevada this quarter.
The company also noted that surface exploration is underway at the Desperado project in Nevada, which includes geological mapping, rock sampling, and geophysical surveying, where Infield is following up on a previously announced silver-gold target area.
“The receipt of our revised drilling permit for the M1 North Zone is a key step in moving exploration forward on the project. We will soon have crews preparing the access roads and drill pads in anticipation of the exciting drilling program our team has outlined,” Infield Minerals CEO Evandra Nakano said in a statement.
READ: Infield Minerals identifies silver and gold target at Desperado project in Nevada
“In parallel, we are advancing systematic exploration at Desperado and are encouraged by the initial findings which suggest significant project potential,” Nakano added.
Infield added that five drill sites have been permitted in the North Zone, from which seven drill holes have been proposed for the testing of high priority targets, as the company said it looks to follow up on the “encouraging” historical data and to test whether near-surface mineralization extends to depths across interpreted structures and geophysical signatures.
On June 30, 2020, the company entered into a property option agreement to acquire 100% interest in the M1 property over a three-year term, for which it has completed the first-year anniversary option payments in the amounts of US$35,000 and 180,000 common shares of Infield.
As well, Infield announced that it has terminated its option agreement on the Bandit property in Nevada to focus its exploration efforts on the M1 and Desperado properties.
Infield Minerals is currently exploring for high-grade gold and silver in mining-friendly Nevada. Its mission is to grow the company through discovery, acquisitions, and sustainable development of high-quality, high-potential assets.
Contact Sean at sean@proactiveinvestors.com