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VANCOUVER, Oct. 21, 2011 /CNW/ - INFORM RESOURCES CORP. (TSX-V: IRR) ("Inform" or the "Company") is pleased to announce that the Company has staked additional claims covering 3,260 hectares at the Mike Lake Property, located in the Yukon. The entire property (including the Heidi claims; see Inform Resources press release dated October 7, 2011) now consists of 694 claims covering 14,437 hectares.
The Mike Lake Property is located in the Yukon Territory, Canada about 80 kilometers east-northeast of Dawson City, and is about 25 kilometers northeast of the former Brewery Creek Gold Mine; which produced 266,519oz Au from 1996 - 2001. The claims are within the Tintina Gold Province; a belt of gold rich mineral districts that spans a broad region of Yukon Territory and central Alaska. This mineral belt hosts a number of intrusive related gold and base metal prospects including both producers and advanced projects such as the Donlin Creek, Pogo and Fort Knox, additionally it includes recent discoveries by Underworld Resources, Kaminak Gold Corp, Atac Resources Ltd and Northern Tiger Resources.
The majority of exploration activity within the Mike Lake Property took place from 2005 to 2008 when diamond drilling was narrowly focused on four specific targets. Select highlights from the previously reported drill intercepts (see Dynamite Resources press releases dated November 14, 2006, October 11, 2007 and November 24, 2008) include 7.67g/t Au over 18.43m, 7.58 g/t Au over 12.42m from the North Vein target (DDH NV05-02), and 1.38 g/t Au, 0.61% Cu, 13.6 g/t Ag, and 0.044% W over 89.3m from the Skarn Ridge target (DDH SK07-01).
The Mike Lake Property is extensive, covering approximately 68 square kilometers of highly prospective geology, where wide spread gold, silver and copper mineralization is related to the emplacement of three Mid-Cretaceous multiphase intrusions within a folded and faulted sequence of Late Proterozoic to Paleozoic carbonate and siliciclastic units. To date, four styles of mineralization are recognized across the property including Au-Cu porphyry - intrusion hosted veins and stockworks, disseminated Au-Cu mineralization within clastic sediments, Au-Cu-W skarns, and structural controlled, high grade Au - Ag veins/breccias.
No work has been carried out on the property since 2008, and several of the targets that have undergone only cursory evaluation despite impressive Au mineralization in some areas (up to 392 g/t Au in select rock chip and grab samples).
Jodie Gibson, P.Geo who acts as a consultant to Inform, is the qualified person who has prepared the technical information contained in this news release on behalf of the Company.
About Inform
Inform Resources Corp. is a TSX-V listed exploration company (TSX-V: IRR) based in Vancouver, BC, Canada. Inform Resources is focused on the acquisition and discovery of economic mineral deposits in the Yukon. The Company's current exploration activities are focused on the Mike Lake Project, a gold-silver-copper system in the prolific Tintina Gold Belt. The Company's management and technical advisory team's successes include past discoveries as well as currently producing mines in the Yukon.
For additional information concerning Inform Resources Corp., please visit our web site at www.informresources.com.
ON BEHALF OF THE BOARD
Aaron Keay
Chief Executive Officer
Forward-Looking Statements: Some statements in this news release contain forward-looking information or forward-looking statements for the purposes of applicable securities laws. These statements include, among others, statements with respect to proposed exploration, development and production activities and their timing, potential mineralization and the anticipated acquisition of property interests. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include, among others, receipt of regulatory approvals, completion of anticipated transactions, the timing and success of future exploration, development and production activities, exploration and development risks, expenditure and financing requirements, title matters, third party consents, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices and one-time events. In making the forward-looking statements, the Company has applied several material assumptions including, but not limited to, the assumptions that: (1) the proposed exploration and development of mineral projects will proceed as planned; (2) market fundamentals will result in sustained metals and minerals prices and (3) any additional financing needed will be available on reasonable terms. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release.