IEMR Resources Inc. (TSX VENTURE: IRI) is pleased to report that
the 2011 drilling program has been completed on the Pine Tree
Project near Mina, Nevada.
Nine diamond drill holes totaling 5652.7 meters (18,545.5 feet)
have been completed as part of the program. The table below lists
the completed holes and their locations can be seen in figure 1
(http://media3.marketwire.com/docs/IRI0812.pdf). This brings to
total drilling on the property since 2005 to 14,069.7 meters
(43,797.5 feet) in 30 holes for the property. Previous drilling was
conducted by Mosquito Consolidated Gold Mines Ltd. ("Mosquito"),
who currently manages exploration on the Pine Tree project on
behalf of IEMR.
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Hole Northing Easting Elevation dip azimuth Length
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Number feet feet feet degrees degrees feet
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PT10-22 101,901 200,962 7741 -90 000 2128
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PT10-23 101,900 200,960 7741 -80 280 2266.5
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PT10-24 101,903 200,964 7741 -65 310 2339.5
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PT10-25 102,232 199,652 7379 -65 040 2118.5
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PT10-26 102,015 201,478 7748 -65 250 2159
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PT10-27 102,235 199,656 7378.5 -70 340 1824
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PT10-28 101,357 200,969 7752 -75 250 1235
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PT10-29 102,236 199,661 7378.5 -70 270 2508.5
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PT10-30 101,969 199,121 7120 -75 170 1966.5
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The drill holes encountered three different types of
mineralization, corresponding to the three distinct mineralizing
events previously identified on the property. These are the older
copper bearing calc-silicate skarn replacement, the molybdenum
bearing stockwork and the younger arsenopyrite-precious-base metal
bearing systems. Assay results will be released once all
analytical, check and precious metal analytical work is
completed.
Almost the entire core was sampled and cut in half using a
diamond saw. Half the core is sent for analysis with the other half
being kept and stored at the core facility located on site.
Following cutting the samples are picked up directly by ALS Chemex
and taken to their fully accredited analytical laboratory in Reno.
They are first analyzed for 47 elements using a four (4) acid
digestion with analysis by Inductively Coupled Argon Plasma Optical
Mass Spectrometer (ICP-MS) and for gold using a 50 gram fire assay
with an Atomic Absorption (AA) finish. Copper and Molybdenum
bearing samples are then checked by using a larger 5 gram sample
and analyzed using a pressed power pellet X-Ray Fluorescence
Spectroscopy (XRF). In addition duplicates, blanks, and standards
are analyzed to ensure analytical accuracy and reproducibility. All
rejects are being kept for further analysis and for use in
metallurgical testing.
Geologically the intersection lengths and type of mineralization
encountered in the drilling are listed in Table below. These are
mineralized zones identified by the geology personnel, that are
used to produce the geologic block model that IEMR expects will be
used in a resource calculation. Assays will determine the grade of
these zones.
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Hole From To Length From To Length mineralized
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Name meters meters meters feet feet feet type
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PT10-22 170.1 371.2 201.1 558.0 1,218.0 660.0 Molybdenum/
calc silicate
skarn
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316.4 319.4 3.0 1,038.0 1,048.0 10.0 lead-zinc
veins
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389.5 389.7 0.2 1,278.0 1,278.5 0.5 zinc
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395.3 395.6 0.3 1,297.0 1,298.0 1.0 zinc
---------------------------------------------------------------------------
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PT10-23 213.4 420.6 207.3 700.0 1,380.0 680.0 Molybdenum
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551.7 582.2 30.5 1,810.0 1,910.0 100.0 Molybdenum_
copper/calc
silicate skarn
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597.4 637.0 39.6 1,960.0 2,090.0 130.0 copper calc
silicate skarn
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646.2 667.5 21.3 2,120.0 2,190.0 70.0 arsenopyrite
Au-Ag
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PT10-24 304.8 356.6 51.8 1,000.0 1,170.0 170.0 arsenopyrite
Au-Ag
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536.4 576.1 39.6 1,760.0 1,890.0 130.0 arsenopyrite
Au-Ag
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PT10-25 274.3 353.6 79.2 900.0 1,160.0 260.0 arsenopyrite
Au-Ag
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484.6 524.3 39.6 1,590.0 1,720.0 130.0 arsenopyrite
Au-Ag
---------------------------------------------------------------------------
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PT10-26 246.9 320.0 73.2 810.0 1,050.0 240.0 Molybdenum
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420.6 603.5 182.9 1,380.0 1,980.0 600.0 Molybdenum_
copper/calc
silicate skarn
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213.4 338.3 125.0 700.0 1,110.0 410.0 arsenopyrite
Au-Ag
---------------------------------------------------------------------------
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PT10-27 103.6 155.4 51.8 340.0 510.0 170.0 arsenopyrite
Au-Ag
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350.5 402.3 51.8 1,150.0 1,320.0 170.0 arsenopyrite
Au-Ag
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438.9 460.2 21.3 1,440.0 1,510.0 70.0 arsenopyrite
Au-Ag
---------------------------------------------------------------------------
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PT10-28 57.9 70.1 12.2 190.0 230.0 40.0 arsenopyrite
Au-Ag
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91.4 170.7 79.2 300.0 560.0 260.0 arsenopyrite
Au-Ag
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201.2 219.5 18.3 660.0 720.0 60.0 Molybdenum_
copper/calc
silicate skarn
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277.4 313.9 36.6 910.0 1,030.0 120.0 Molybdenum_
copper/calc
silicate skarn
---------------------------------------------------------------------------
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PT10-29 406.6 764.6 358.0 1,334.0 2,508.5 1,174.5 Molybdenum_
copper/calc
silicate skarn
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PT10-30 194.5 595.6 401.1 638.0 1,954.0 1,316.0 Molybdenum_
copper/calc
silicate skarn
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Once all the assays are received, IEMR is going to calculate an
initial National Instrument 43-101 compliant resource for the
project, the results of which will be used to control additional
drilling and development of the project.
Mr. Shaun M. Dykes, M.Sc. (Eng), P.Geo., Exploration Manager and
a Director of Mosquito, is the designated qualified person for the
Pine Tree Project, and prepared the technical information contained
in this news release.
On Behalf of the Board
IEMR RESOURCES INC.
Hongxue Fu, President and Chief Executive Officer
Information in this news release may contain forward-looking
information under applicable securities laws. Forward-looking
information are statements or information that relate to future
events. In this context, forward-looking information often address
expected future business and financial performance, and often
contain words such as "anticipate" or "expect", statements that an
action or event "will" be taken or occur, or other similar
expressions. Forward-looking information relates to, among other
things, the calculation of an initial National Instrument 43-101
compliant resource for the Pine Tree Project and the timing of the
preparation of such resource. By their nature, forward-looking
information involves known and unknown risks, uncertainties and
other factors which may cause its actual results, performance or
achievements, actions or other future events, to be materially
different from any future results, performance, actions or
achievements expressed or implied by such forward-looking
statements. Such factors include, among others, the following
risks: risks associated with project development; the need for
additional financing; operational risks associated with mineral
exploration; fluctuations in commodity prices; title matters;
environmental liability claims and insurance; reliance on key
personnel; the absence of dividends; competition; dilution; and the
volatility of IEMR's common share price and volume, as well as
those described in the risk factors section in IEMR's most recently
filed Management's Discussion and Analysis for the financial year
ended October 31, 2010 available at www.sedar.com. Forward-looking
information is made based on management's beliefs, estimates and
opinions on the date that such statements are made and IEMR
undertakes no obligation to update forward-looking information if
these beliefs, estimates and opinions or other circumstances should
change, except as required by law. Investors are cautioned against
undue reliance on forward-looking information.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
Contacts: IEMR Resources Inc. Long Wang Director 604 642 6199
604 642 6162 (FAX) info@iemr.ca www.iemr.ca
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