Infield Minerals Significantly Expands Land Holdings and Builds Regional Presence at the Detroit Gold Project in Utah

Infield Minerals Corp. has significantly expanded its Detroit property land package in Utah, increasing the total acreage from 5,115 to 14,122. The expansion was achieved by staking 135 new lode claims with the Bureau of Land Management and entering into a five-year mineral exploration agreement with an option to lease with the State of Utah School and Institutional Trust Lands Administration. This transaction added 6,797 acres of SITLA-managed land contiguous to the company’s existing property.

The newly acquired ground covers the past-producing Drum gold deposit, which contains 3.2 million tonnes grading 1.23 g/t Au, as well as the Mizpah gold footprint and reactive carbonate host rocks. Exploration targets on the property include sediment-hosted gold, porphyry copper-gold, and carbonate replacement deposit styles. Early evaluation has identified undrilled soil anomalies and prospective areas, supported by an existing dataset that includes rock and soil geochemistry, ground magnetics, and induced polarization geophysics. The Detroit property is located 130 km southwest of the Bingham Canyon mine, offering favourable logistics and operational synergies with the company’s Kings Canyon project.

Infield Minerals Corp. (IN) has expanded its land position through a logical follow-up to the May 6, 2026 option agreement for the Detroit property. The transaction adds the Drum deposit and Mizpah footprint, providing geological upside and historical context, though no new drill results or resource estimates were announced. This move aligns with the company’s stated strategy to expand its Utah footprint but does not alter the fundamental risk profile of an exploration-stage company with zero revenue.

The transaction is considered incremental and not a material, market-moving event relative to the company's size or cash position. Dilution risk remains high, as future option payments and exploration activities will likely require further equity raises. This is not an earnings release, so there are no new results to assess. Prior-period context includes a Q1 2026 net loss of $59,854, zero operating revenue, and a going concern flag.

Infield Minerals Corp. is a Western USA junior gold exploration company with projects in Utah and Nevada. Its flagship projects include Kings Canyon in Utah, an oxide gold deposit with Carlin-type characteristics; Detroit in Utah, a sediment-hosted gold project with porphyry potential; and Goldendale in Nevada, an epithermal gold-silver deposit. The company is in the exploration stage with no operating revenue. Management focuses on inorganic growth through acquisitions and options, as well as the organic advancement of Kings Canyon.