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VANCOUVER, Oct. 25, 2011 /CNW/ - INFORM RESOURCES CORP. TSX-V: IRR ("Inform" or the "Company") is pleased to announce that the Company has staked 1363 quartz mining claims covering 28,486 hectares at the La Liga Property within the Faro Mining District, Yukon Territory, Canada.
Inform's La Liga Property occurs along the northwestern boundary of Silver Range Resources, Silver Range Project, and is approximately 30km northwest of the Keg Zone. Silver Range has previously reported drill intercepts from this area of 104.7m interval that averaged 70.55 g/t silver, 0.60% zinc, 0.54% lead, and 0.17% copper from hole KEG-11-09 and drill hole KEG-11-22 returned 0.35% copper over a 155.45m interval that also assayed 37.02 g/t silver, 1.41% zinc, 0.22% lead, 580 ppm tin and 9.95 ppm indium. Mineralization at Keg occurs as disseminated to massive pyrrohtite, sphalerite, chalcopyrite, pyrite, arsenopyrite, and galena within intensely silicified and fractured fine grained clastic sediments, chert, and calc-silicate skarn horizons. (See press releases for Strategic Metals dated November 4, 2010 and Silver Range Resources dated October 24, 2011)
Geologically, La Liga is underlain by moderately dipping Paleozoic clastic sedimentary units and minor Cretaceous intrusive and volcanic units that are cross-cut by a series of steep, NW oriented faults. Multiple zones of disseminated to massive arsenopyrite, galena, sphalerite, pyrite, and pyrrohtite mineralization within fractured and intensely silicified sediments, chert, and calc-silicate skarn horizons have been identified and appear to be associated with a NW oriented structural corridor that forms a 4km trend of mineralization that is open in all directions.
Exploration for SEDEX style lead-zinc mineralization occurred in the early 1980's, but previous operators ignored the structurally controlled mineralization. Historical rock chip samples from the area assay have returned values that range from trace levels up to 358 g/t silver, 8.3% zinc, and 16.3% lead. A mapping, prospecting, and soil sampling program was recently carried out over the area by Inform and assays are currently pending. Geological maps and surface results will be made available shortly at www.informresources.com
The company also announces that it has granted an aggregate of 100,000 incentive stock options (the "Options") to a consultant and officer of the Company, exercisable at $0.60 per share. The Options subject to the policies of the TSX Venture Exchange.
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 and the La Liga Project a silver-lead-zinc system all 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. Additional information is available 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.