GORO and IFAMDoes anyone out there own shares of Infrastructure Materials Corp, which has an option agreement with Gold Resouces (GORO) on IFAM's "Gold Mesa" property in Nevada?
Old article: Gold Resource (GORO) Announces Acquisition of Option on Gold Bearing Nevada Property
Dec. 2015: Gold Resource (NYSE: GORO) acquired an option to purchase a gold bearing property in Nevada, held by Silver Reserve Corporation (SRC), a wholly-owned subsidiary of Infrastructure Materials Corp. (TSX VENTURE: IFM) (OTC PINK: IFAM).
The Company is referring to the newly-optioned claims as the "Gold Mesa" property, a portion of which includes the gold property historically known as the Clay Peters Project.
Gold Mesa covers an area of approximately 1,780 acres consisting of 89 unpatented claims and 3 patented claims in central Nevada's Walker Lane Mineral Belt in Mineral County, Nevada.
The property is located 17 miles south-southwest of the Company's Radar and Goose properties and will become the Company's third exploration property in its Nevada Mining Unit.
Gold Resource Corporation's Nevada Mining Unit now controls approximately 5,480 acres of exploration lands in south central Nevada's Walker Lane Mineral Belt.
IFAM news release, Jan. 16, 2013:
Surface drilling on the property returned significant gold grades as high as 2.51 g/t gold (assayed by ALS USA Inc., Reno, Nevada).
The property has potential for a high grade gold open pit, or multiple gold open pits with mineralization at shallow depths below surface.
Existing infrastructure includes nearby electricity, road access and potential water from a historic well located on the property.
Historical metallurgical test work by N.A. Degerstrom Inc. in 1986 showed up to 88% recovery of contained gold and up to 35% recovery of contained silver obtained by a 35 mesh grind and agglomeration.