Invenio Completes Work on Alaska Gold Projects
September 23 2011 - 4:45PM
Marketwired
Invenio Resources Corp. (TSX VENTURE: IVO) ("Invenio" or the
"Company") is pleased to announce that field work has been
completed on its Ganes Creek and Candle Hills gold projects in
Alaska.
At Ganes Creek, 42 line kilometres of induced polarization
("IP") geophysical survey covered favourable geology over
approximately four kilometres from Pzs zone to the Katz zone. The
IP survey tied together previous IP grids that targeted these
specific zones and also extended these grids to cover areas that
were mapped by previous operators. In addition to the IP survey,
several areas previously recognized as having potentially
favourable geology were extensively mapped. Due to unfavourable
market conditions and the lack of suitable equipment, the Company
has decided not to drill Ganes Creek in 2011. Invenio will
integrate the new geophysical data and results from the mapping
program with an extensive geological, geochemical and geophysical
database, and when the compilation is completed the results will be
released.
Invenio's second project in Alaska is the Candle Hills gold
property which is located approximately 55 kilometres by road from
Ganes Creek. The recently completed work program at Candle Hills
consisted of line cutting, geological mapping and rock and soil
sampling. The samples have been sent for assaying and once the
results have been received and interpreted they will be
released.
The Company also reports that it has received a default notice
from Palladon Ventures Ltd., the optionor under the agreement dated
May 9, 2006 pertaining to the Green Springs and Kings Canyon
properties. The Company is endeavouring to work with Palladon
Ventures in an effort to resolve matters and move forward to each
party's benefit.
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, and Candle Hills in 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 in February 2011 it signed an option on Ganes
Creek with the right to acquire a 100% interest and in July 2011 it
announced it had signed an option on Candles Hills with the right
to acquire a 100% interest. Ganes Creek has the potential to host
both high grade lode style gold mineralization and lower grade bulk
mineable mineralization similar to that found at the 42 million
ounce Donlin Creek gold deposit and at Candle Hills gold
mineralization is potentially plutonic hosted stockwork and
fault-filled vein style. 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.
The technical information in this news release was reviewed by
Jerry Blackwell, P.Geo., Invenio's technical advisor and a
Qualified Person as defined in NI 43-101.
For additional information please visit the Company's website at
www.invenioresources.com.
ON BEHALF OF THE BOARD OF DIRECTORS OF INVENIO RESOURCES
CORP.
Ken Booth, President
This news release contains 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