Infinitum Provides Update on Progress at La Adelita and Hot Breccia Project
Infinitum Copper Corp. (TSXV: INFI) (OTCQB: INUMF) has provided updates on its La Adelita project in Mexico and the Hot Breccia project. At La Adelita, the company is mobilizing equipment to access the Cerro Grande adit, with plans to drive a 100m long access tunnel to intercept previously drilled mineralization. The Hot Breccia project, optioned to Prismo Metals, has seen progress with a completed VTEM survey and drilling permits received for 10 drill pads. Prismo plans a 5,000-metre drilling program to explore historical copper intercepts exceeding 1%. Additionally, Infinitum's board has approved a remuneration package for directors and key personnel, including DSUs and options.
Infinitum Copper Corp. (TSXV: INFI) (OTCQB: INUMF) ha fornito aggiornamenti sul suo progetto La Adelita in Messico e sul progetto Hot Breccia. Per quanto riguarda La Adelita, l'azienda sta mobilitando attrezzature per accedere all'adit di Cerro Grande, con piani per realizzare un tunnel di accesso lungo 100 m per intercettare mineralizzazioni precedentemente esplorate. Il progetto Hot Breccia, opzionato a Prismo Metals, ha fatto dei progressi con il completamento di un sondaggio VTEM e permessi per perforazione ricevuti per 10 piazzole di perforazione. Prismo prevede un programma di perforazione di 5.000 metri per esplorare storici intercetti di rame superiori all'1%. Inoltre, il consiglio di Infinitum ha approvato un pacchetto di remunerazione per i direttori e il personale chiave, inclusi DSU e opzioni.
Infinitum Copper Corp. (TSXV: INFI) (OTCQB: INUMF) ha proporcionado actualizaciones sobre su proyecto La Adelita en México y el proyecto Hot Breccia. En La Adelita, la empresa está movilizando equipos para acceder al túnel de Cerro Grande, con planes de construir un túnel de acceso de 100 m para interceptar mineralización previamente perforada. El proyecto Hot Breccia, que ha sido opcional a Prismo Metals, ha avanzado con un estudio VTEM completo y permisos de perforación recibidos para 10 plataformas de perforación. Prismo planea un programa de perforación de 5,000 metros para explorar interceptos históricos de cobre que superan el 1%. Además, la junta de Infinitum ha aprobado un paquete de remuneración para directores y personal clave, que incluye DSUs y opciones.
인피니텀 구리 주식회사(Infinitum Copper Corp.) (TSXV: INFI) (OTCQB: INUMF)는 멕시코의 라 아델리타 프로젝트와 핫 브레치아 프로젝트에 대한 업데이트를 제공했습니다. 라 아델리타에서는 Cerro Grande 갱도에 접근하기 위해 장비를 동원하고 있으며, 이전에 시추된 광물화를 가로막기 위해 100m 길이의 접근 터널을 계획하고 있습니다. 핫 브레치아 프로젝트는 Prismo Metals에 옵션이 부여되었으며, VTEM 조사가 완료되었고 10개의 시추 기지에 대한 시추 허가를 받았습니다. Prismo는 1%를 초과하는 역사적인 구리 인터셉트를 탐색하기 위해 5,000미터의 시추 프로그램을 계획하고 있습니다. 또한 Infinitum의 이사회는 이사 및 주요 인력에 대한 보상 패키지를 승인했으며, 여기에는 DSU 및 옵션이 포함됩니다.
Infinitum Copper Corp. (TSXV: INFI) (OTCQB: INUMF) a fourni des mises à jour sur son projet La Adelita au Mexique et sur le projet Hot Breccia. Pour La Adelita, l'entreprise est en train de mobiliser des équipements pour accéder à l'amenée de Cerro Grande, avec des projets de créer un tunnel d'accès de 100 m pour intercepter des minéralisations précédemment forées. Le projet Hot Breccia, optionné à Prismo Metals, a progressé avec un sondage VTEM achevé et des permis de forage reçus pour 10 sites de forage. Prismo prévoit un programme de forage de 5 000 mètres pour explorer des interceptions de cuivre historiques dépassant 1 %. De plus, le conseil d'administration d'Infinitum a approuvé un package de rémunération pour les directeurs et le personnel clé, comprenant des DSU et des options.
Infinitum Copper Corp. (TSXV: INFI) (OTCQB: INUMF) hat Aktualisierungen zu seinem La Adelita-Projekt in Mexiko und dem Hot Breccia-Projekt bereitgestellt. Im La Adelita-Projekt mobilisiert das Unternehmen Ausrüstung, um auf den Cerro Grande-Stollen zuzugreifen, mit dem Plan, einen 100 m langen Zugangstunnel zu schaffen, um zuvor gebohrte Mineralisierungen zu erfassen. Das Hot Breccia-Projekt, das an Prismo Metals vergeben wurde, hat Fortschritte mit einer abgeschlossenen VTEM-Untersuchung und Baugenehmigungen für 10 Bohrstandorte gemacht. Prismo plant ein Bohrprogramm von 5.000 Metern, um historische Kupferinterzeptionen von über 1% zu erkunden. Darüber hinaus hat der Vorstand von Infinitum ein Vergütungspaket für Direktoren und Schlüsselpersonal genehmigt, das DSUs und Optionen umfasst.
- Mobilization of equipment for La Adelita project to access mineralized body
- Drilling permits received for Hot Breccia project, allowing exploration to proceed
- Planned 5,000-metre drilling program at Hot Breccia to explore high-grade copper intercepts
- Production decision at La Adelita not based on NI 43-101 compliant reserve estimates or feasibility studies, increasing risk and uncertainty
Vancouver, 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 Adelita
The 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 Breccia
The 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 exceeded
The board has also agreed a remuneration package for current directors and key personnel. A total of 1,340,000 DSUs vesting 16th March 2026 and 1,650,000 options with a strike price of
On Behalf of the Board of Directors of
INFINITUM COPPER CORP.
Matt Hudson
Chief Executive Officer
matt@infinitumcopper.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
About Infinitum Copper
Backed by a strong team of industry veterans, Infinitum Copper is advancing La Adelita project, where the Company has an option to earn an
Infinitum Copper has an option to earn
Cautionary Note Regarding Forward-Looking Statements
This press release contains "forward-looking information" within the meaning of Canadian securities legislation. The forward-looking information contained in this press release represents the expectations of the Company as of the date of this press release and, accordingly, is subject to change after such date. Forward-Looking information is based on, among other things, opinions, assumptions, estimates and analyses that, while considered reasonable by the Company at the date the forward-looking information is provided, are inherently subject to significant risks, uncertainties, contingencies and other factors that may cause actual results and events to be materially different from those expressed or implied by the forward-looking information. The risks, uncertainties, contingencies and other factors that may cause actual results to differ materially from those expressed or implied by the forward-looking information may include, but are not limited to, risks generally associated with the Company's business, as described in the Company's Filing Statement dated February 11, 2022. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. While the Company may elect to, it does not undertake to update this information at any particular time except as required in accordance with applicable laws.
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FAQ
What is Infinitum Copper's plan for the La Adelita project in July 2024?
What progress has been made on the Hot Breccia project optioned to Prismo Metals?
What is the size of the planned drilling program at Hot Breccia?
What remuneration package has Infinitum Copper (INUMF) approved for its directors and key personnel?
