Invenio to Drill Ganes Creek Gold Property in September
July 26 2011 - 1:23PM
Marketwired
Invenio Resources Corp. ("Invenio" or the "Company") (TSX VENTURE:
IVO) is pleased to announce that it plans to conduct a diamond
drill program on its Ganes Creek gold property. Invenio's
exploration program at Ganes Creek commenced in June and is
progressing well towards the September drilling start date.
Work to date includes an Induced Polarization ("IP") geophysical
survey, conducted by Aurora Geosciences, which is targeting
favourable geology over four kilometres and is intended to tie
together previous IP grids that targeted these specific zones and
will also extend these grids to cover areas that potential are
underlain by the favourable geology.
As data from the current IP program is received it will be
integrated into extensive geological, geochemical and geophysical
database that includes a total of approximately 32 kilometres of
trenching, geological mapping and 4,400 continuous chip samples
collected in the trenches, 424 select rock samples and
approximately 83 line kilometres of grid geophysics. The new IP
data combined with the historical database will be used to define
drill targets for the fall diamond drill program.
Ganes Creek is located in west-central Alaska, approximately 440
km northwest of Anchorage and 40 km west of the town of McGrath.
The Project is situated in the Tintina Gold Belt which is host to
the 42 million ounce Donlin Creek gold deposit approximately 90 km
to the south west and the Nixon Fork copper-gold skarn deposit
approximately 62 km to the northeast.
About Invenio Resources Corp.
Invenio Resources Corp is a Canadian based exploration company
focused on gold exploration. The Company's common shares are listed
on the TSX Venture Exchange and trade under the symbol IVO. Invenio
has four gold properties, Ganes Creek, Alaska, Candle Hills,
Alaska, Kings Canyon located on the border of Nevada and Utah and
Green Springs located in Nevada. Invenio owns 75% of Kings Canyon
and Green Springs and an option on Ganes Creek and an option on
Candle Hills to acquire a 100% interest. Ganes Creek has the
potential to host both high grade lode style gold mineralization
and disseminated bulk mineable mineralization similar to that found
at the 42 million ounce Donlin Creek gold deposit. The Kings Canyon
project contains an historical, non-compliant resource of
approximately 217,000 ounces of gold at a grade of 0.93
grams/tonne. The deposit is near surface, oxidized and interpreted
to be Carlin style. The Green Springs project is a former past
producer with reported head grades of 2 g/t gold.
ON BEHALF OF THE BOARD OF DIRECTORS OF INVENIO RESOURCES
CORP.
Ken Booth, President
"This news release may contain forward-looking statements.
Forward-looking statements address future events and conditions and
therefore involve inherent risks and uncertainties. Actual results
may differ materially from those currently anticipated in such
statements."
"Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release."
Contacts: Invenio Resources Corp. Investor Relations
604-687-1779 info@invenioresources.com www.invenioresources.com