Exploration Results From The Desperado Drilling Campaign

VANCOUVER - Infield Minerals Corp. reported on the drilling campaign at its Desperado gold-silver property in Nevada. The Company commenced drilling in July and completed the program in August for a total of 1,517.9 meters of reverse circulation (RC) drilling across ten drill holes. All assay results from the program have now been received. 1,517.9 meters of RC drilling completed across ten drill holes at Desperado in 2022. Drilling results returned 0.56 g/t gold and 2.6 g/t silver over 1.52 meters in hole DP22-09, and several additional anomalous 1.52-meter sample intervals above 0.1 g/t gold in other holes.

"The data obtained from the Desperado drilling campaign provides important information about the subsurface rocks, which can lead to a better understanding of the geological framework and exploration potential for the area," said, Evandra Nakano, President and CEO. “As a priority initiative, we continue to assess quality project opportunities that could augment our portfolio and benefit our shareholders. Infield offers a solid foundation for potential consolidation of exploration and development assets, including a positive cash position, strongly held insider ownership, and an experienced technical and management team."

The 2022 Desperado drilling campaign was designed to test lithological contacts and structural features for epithermal style mineralization. Many of these features are obscured by desert gravel and were interpreted by Infield using geophysical techniques to "see" under cover. The ground magnetics ("Mag") and induced polarization ("IP") geophysical surveys completed by Infield in 2021 identified more than forty anomalous IP trends, from which a selection was prioritized for drill testing.

Several of the selected targets exhibited chargeability highs within lithological contact zones. Drilling of these targets intersected wide zones of up to 20% disseminated pyrite within intensely clay altered rhyolite near contact zones with andesite, corresponding with the chargeability anomalies. Similarly, other targets tested on the property intersected structural features enriched in pyrite. Gold and silver in the area is known to occur in the types of rocks targeted in this campaign, however, only minor amounts of precious metals were returned from the RC rock chip samples that were submitted to the laboratory for analysis. Further review of the drilling data in context to the geological environment and additional studies would be required to better understand the potential of additional targets at Desperado.