Infield Minerals Corp. (TSX-V:INFD) has provided a corporate update regarding its planned activities in 2022 at its 100% owned Desperado property in Nevada.
The company said it is advancing Desperado in 2022 through the planning and permitting of an initial 2,000 meter (m) drilling campaign. Exploration at Desperado in 2021 uncovered multiple high-priority gold-silver target areas.
"Infield is encouraged by the 2021 exploration results at Desperado and we are keen to advance the Property through drill hole targeting and permitting in 2022," said Infield CEO Evandra Nakano in a statement.
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"We also continue to assess quality project opportunities that could further augment our portfolio and benefit our shareholders. Infield offers a solid foundation for potential consolidation of exploration and development assets, including a positive cash position, strongly held insider ownership, and an experienced technical and management team," Nakano added.
The company noted the combination of geological, geochemical, and geophysical data collected at Desperado has generated several compelling epithermal targets that the company believes warrant drill testing.
Infield said it is currently developing its inaugural 2,000m reverse circulation drilling campaign at Desperado. Further data analysis is underway to refine targets and to select proposed drill holes.
Once this step is completed, Infield said it will be in a position to apply for a Notice of Intent drilling permit, which generally takes three weeks to receive after the application has been submitted.
“Infield is committed to conducting our exploration and operational activities responsibly and sustainably,” the company said. “In the spring of 2022, the Company intends to commence reclamation activities at the M1 property where access roads and drill pads were constructed during 2021 exploration.”
The company has an ongoing initiative of growing and delivering value through discovery, acquisitions, and sustainable development of high-quality, high potential assets.
As such, Infield said it plans to continue advancing Desperado through its systematic exploration approach with the aim of realizing the project's full discovery potential. In addition, the company is regularly evaluating exploration and development assets with a view of expanding and evolving its project portfolio.
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