Inform Resources Corp.
TSX VENTURE : IRR

Inform Resources Corp.

May 08, 2013 09:00 ET

Inform Resources Options La Liga to Entourage Metals

VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 8, 2013) - Inform Resources Corp. (TSX VENTURE:IRR) ("Inform" or the "Company") is pleased to announce Entourage Metals Ltd ("Entourage") has signed an option agreement to earn a 100% interest in the La Liga Property located in the Whitehorse Mining District, Yukon Territory.

Entourage can earn a 100-per-cent interest in the property from Inform by paying $160,000 in cash and issuing 600,000 shares over three years. Upon completion of an initial National Instrument 43-101-compliant mineral resource, Entourage will issue an additional 500,000 shares to Inform. If such estimated resources exceed 1,000,000 gold equivalent ounces, 1,000,000 common shares will be issued. Inform will retain a 2% net smelter returns royalty on the Property, 1/2 (1%) of which may be purchased by Entourage at any time for $5,000,000.

About La Liga

Previous work on the property by Inform indicates the potential for high-grade silver-lead-zinc ± gold-copper discoveries over a 4km trend. The mineralization is near surface, structurally controlled, and was overlooked by previous operators. Highlights include:

  • High-grade silver, lead, and zinc mineralization in outcrop at the Red Devil (up to 877 g/t silver and 9.58% lead) and Galactose zones (up to 216 g/t silver, 9.94% lead, and 8.22% zinc)
  • Two, kilometer-scale, silver in soil anomalies (up to 29.3 g/t silver in soils)
  • Large land position with limited modern exploration

The La Liga Property is located approximately 70km north of the town of Faro, and consists of 2,965 quartz mining claims covering 59,799 hectares over four blocks. The properties lie to the north and west of Silver Range Resources Ltd.'s flagship project, which announced a maiden inferred resource estimate of 38.7 million ounces of silver, 675 million pounds of zinc, 228 million pounds of lead, and 131 million pounds of copper at the Keg Deposit in late 2012 (see Silver Range news release dated Nov. 20, 2012).

The majority of work performed on the property to date has focused on the central Galaxy block. Multiple zones of disseminated to massive arsenopyrite, galena, sphalerite, pyrite, and pyrrhotite mineralization within fractured and intensely silicified sediments, chert, and calc-silicate skarn horizons have been identified and appear to be associated with a northwest oriented structural corridor that forms a 4km trend of mineralization that is open in all directions. Rock sampling in the area indicated the potential for high-grade silver-lead-zinc +/- gold-copper mineralization in the area.

Grab sample results from the Red Devil Zone include:

  • 877 g/t silver, 0.843 g/t gold, 9.58% lead
  • 276 g/t silver, 0.802 g/t gold, 4.06% lead
  • 579 g/t silver, 0.394 g/t gold, 4.84% lead
  • 1.02 g/t gold

Grab sample results from the Galactose Zone include:

  • 216 g/t silver, 9.94% lead, 8.22% zinc
  • 144 g/t silver, 0.72% lead, 6.02% zinc
  • 125 g/t silver, 1.10% lead, 5.19% zinc

(see Inform Resources News Release dated December 8, 2011)

The Galactose and Red Devil zones occur at the northwestern and southeastern extents of a 1600m x 500m zone of strongly anomalous silver and lead in soils. Silver in soil samples range from 0.13 g/t to 22.3 g/t, averaging 1.63 g/t. Lead in soil samples range from 2.6 ppm to 995 ppm, averaging 95 ppm.

The Cottagers Prospect occurs approximately 500m north-east of the Galactose-Red Devil trend and consists of an 1800m x 300m east-west oriented zone of strongly anomalous silver and zinc in soils. The area is dominantly covered by overburden with limited bedrock exposure. Silver in soil values from the area range from 0.2 g/t to 29.3 g/t, averaging 1.11 g/t. Zinc in soil values range from 8 ppm to 554 ppm, averaging 133 ppm. The zone is open for expansion along strike to the east and west.

Three short drill holes were located in the Galactose area in the early 1980's as part of an exploration program for SEDEX style zinc-lead-silver mineralization. The drilling intercepted a small 3 foot (0.91m) section that assayed at 9.6% zinc within the third drill hole, and only a 15 foot (4.57m) section of drill core surrounding the massive sulfide interval was analyzed. However, drill logs indicate the presence of breccia and fracture controlled sulfide mineralization in all three drill holes that was not analyzed. Furthermore, the previous explorers noted silver-bearing quartz-arsenopyrite mineralization in the Red Devil area that assayed 22.6 oz/ton silver and 12.2% lead, but ignored the area because it was not SEDEX style mineralization (see Yukon Assesment Reports 091081 and 091420). These results are historic in nature from work completed prior to 2001 and NI 43-101 should not be relied upon.

Entourage is currently planning a summer exploration program for the La Liga property that will include trenching, geophysical surveys, geologic mapping, and additional prospecting. Maps and figures can be found at Inform's corporate website www.informresources.com.

About Inform

Inform Resources Corp. is a TSX-V listed exploration company (TSX VENTURE: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 portfolio includes 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.

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