Business
Infinitum Provides Update on Progress at La Adelita and Hot Breccia Project
Vancouver, British Columbia--(Newsfile Corp. - July 29, 2024) - Infinitum Copper Corp. (TSXV: INF...
About this update from Infinitum Copper Corp
[{"type":"text","content":"\nInfinitum Provides Update on Progress at La Adelita and Hot Breccia ProjectVancouver, British Columbia--(Newsfile Corp. - July 29, 2024) - Infinitum Copper Corp. (TSXV: INFI) (OTCQB: INUMF) (\"Infinitum Copper\" or the \"Company\") is pleased to provide an update on progress at the La Adelita project in Mexico, recent developments at the Hot Breccia project.La AdelitaThe Company is excited to be mobilising equipment during the week beginning 29th July 2024. These preliminary works will provide access to the Cerro Grande adit. Once the historic adit can be accessed a mining contractor will be engaged to drive a 100m long 3 metre x 3 metre access tunnel to the mineralised body. This access tunnel will intercept drill hole AD1010 drilled in 2022. AD022 encountered x% copper, 1 g/t Au over a true width of x metres.Cautionary Note Regarding Production Decisions The Company's decision to potentially place the mine into production, expand a mine, make other production related decisions or otherwise carry out mining and processing operations, is largely based on internal non-public Company data and reports from previous operations. The Company is not basing any production decisions on NI 43-101 compliant reserve estimates, preliminary economic assessments or feasibility studies and, as a result, there is greater risk and uncertainty as to future economic results from, including increased uncertainty of achieving any particular level of recovery of minerals or the cost of such recovery, including increased risks associated with developing a commercially mineable deposit, and a higher technical risk of failure than would be the case if a feasibility study were completed and relied upon to make a production decision. Hot BrecciaThe Company granted an option to Prismo Metals in January 2023. Prismo has continued to advance the project completing a VTEM survey in July 2023. Drilling permits were received from the Bureau of Land Management for 10 drill pads.Steve Robertson, President of Prismo Metals and former President of the Company, commented, \"Getting the permit approval to proceed with this important drill program is a defining event for Prismo Metals as it marks the first time in five decades that exploration on this attractive target can be activated on a property where historical drillings reported several copper intercepts that e...