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Infield Minerals Corp (2)
Symbol IN
Shares Issued 73,703,091
Close 2026-06-26 C$ 0.05
Market Cap C$ 3,685,155
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Infield expands Detroit property to 14,122 acres

2026-06-29 20:28 ET - News Release

Ms. Evandra Nakano reports

INFIELD MINERALS SIGNIFICANTLY EXPANDS LAND HOLDINGS AND BUILDS REGIONAL PRESENCE AT THE DETROIT GOLD PROJECT IN UTAH

Infield Minerals Corp. has more than doubled the Detroit property land package through staking lode claims and through a mineral exploration with option to lease agreement dated May 1, 2026, with the School and Institutional Trust Lands Administration (SITLA) on behalf of the State of Utah. The exploration agreement grants Infield the right to explore an additional 6,797 acres of SITLA-managed land, contiguous with the Detroit property, over a five-year term. The company has staked and filed a further 135 lode claims with the Bureau of Land Management (BLM). As a result of the company's land consolidation efforts, the Detroit property land package has been increased from 5,115 acres to 14,122 acres, pending processing of the lode claims by the BLM.

"Increasing our land position at Detroit strengthens the company's footprint in the highly prospective Drum Mountain district, located 130 kilometres southwest of North America's largest active copper-gold porphyry mine, Bingham Canyon," stated Evandra Nakano, president and chief executive officer of Infield. Ms. Nakano continued, "The land expansion is a decisive step in unlocking the district's full potential, and we look forward to deploying best-in-practice techniques to advance exploration at Detroit this year."

Strategic rationale for property expansion:

  • Underexplored district: early evaluation work has already identified multiple undrilled soil anomalies and prospective areas of underexplored metal potential;
  • Favourable host rocks: increased coverage of reactive carbonate host rocks, which can both conceal mineral systems and yield high gold grades;
  • Multiple deposit styles: the expanded land package allows Infield to pursue sediment-hosted gold, porphyry copper-gold and CRD (carbonate replacement deposit) targets within the same mineralized corridor, offering multiple discovery pathways;
  • Favourable logistics: road access, no population pressure and operational synergies with the company's nearby Kings Canyon project support efficient exploration in Western Utah;
  • Strong technical foundation: extensive data set includes rock and soil geochemistry, ground magnetics, and IP (induced polarization) geophysics, enabling rapid target refinement across the expanded property.

The newly added ground captures key geological targets within what appears to be a preserved porphyry system, including biotite altered porphyry dikes with quartz veins, a preserved argillic zone, as well as marble altered carbonate host rocks. Early data review has also highlighted three undrilled soil anomalies and multiple opportunities across sediment-hosted gold, porphyry and CRD target types.

The recent claims staking covers the past-producing Drum gold deposit, which historically produced 3.2 million tonnes of oxide ore grading 1.23 grams per tonne gold. The open-pit workings will allow for development of a structural model that can be followed up for exploration upside, creating new opportunities.

The new land position covers the district's extensive reactive carbonate host rocks, capable of concealing deposits while producing high-grade mineralization. This includes potential for higher-grade gold zones within the known Mizpah gold footprint, a 500-metre-by-300-metre open-ended mineralized system.

With road access, no population pressure, synergies with the nearby Kings Canyon project and strong local mining culture supported by the historical Drum gold mine, the expanded land package positions the company for efficient, high-impact exploration. The company will leverage its extensive database of rock and soil sampling, ground magnetics, and IP geophysics to advance target definition.

Qualified person

Technical information in this news release has been reviewed and approved by Andrea Diakow, PGeo, a geological consultant and a qualified person as defined by National Instrument 43-101.

The potential quantity and grade of mineralization described herein are conceptual in nature as there has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in targets being delineated as a mineral resource.

About Infield Minerals Corp.

Infield Minerals is exploring for precious and base metals within the U.S. Great basin. The company's mission is to grow and deliver value through discovery, acquisitions and sustainable development of high-quality, high-potential assets for the social and economic benefits of Infield Minerals' stakeholders. Founded in 2020, Infield is led by a team of mining entrepreneurs with extensive technical and resource evaluation experience.

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