SCOTTSDALE, Ariz., June 9, 2014 /PRNewswire/ -- Intertech Solutions
Inc. (OTC: ITEC) ("Intertech Solutions Inc.," "ITEC" or the
"Company") today is pleased to report that the Company has received
additional gold assay results from the previously announced Phase 2
trench sampling program at its WPE #1 and #2 gold claims located in
Quartzite, AZ.
So far, the Company has received certified assays comprising 80%
of the total samples that were taken at the WPE Claims. The
cumulative assay results continue to exceed our initial estimates
of two grams of gold per ton. The aggregate of the assays received
and interpreted, now allows us to make the inference of a
substantial gold ore body trending throughout the entire claim and
beyond.
The samples taken from the four trenches all exhibited the
presence of visible gold within the highly altered rocks and the
exposed "red" caliche layers that had assayed over 2 grams per ton
in prior sampling. Based on the empirical assay results received to
date we now believe that this immediate 5 acre parcel may hold in
excess of 3 million tons of gold bearing resource with a potential
insitu value of $240 Million USD.
Intertech's President and C.E.O. Rob
McIntosh said "To date, Phase 2 has been an absolute success
with gold values which will determine the grade of the deposit and
ultimately our future cash flow exceeding our expectations and
grades put forward in our initial business plan. Assuming the
remaining 20% of the test material results come back similar, we
are well on our way to having a mineable gold deposit."
The WPE Claims #1 & #2 Claims located in the Middlecamp
Mining District in La Paz County,
near Quartzite Arizona. The placer gold claims cover a total
of 40 acres and have easy access between Phoenix and Palm
Springs, CA along Interstate 10. The project is 7 miles
south of the Copperstone gold mine when from 1987 to 1993 Cyprus
Gold profitably open pit mined over 500,000 ounces of gold.
American Bonanza Corporation has just re-opened the Copperstone
Mine for its lode gold reserves.
About Intertech Solutions Inc. (OTCPK: ITEC)
Intertech Solutions is a fully integrated, gold project finance,
management and services consulting Company that provides
development capital, engineering, project supervision and technical
management to gold projects. The Company operates from its offices
in Scottsdale, Arizona. Visit us
at: www.itecgold.com
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements" as that
term is defined in Section 27A of the United States Securities Act
of 1933 and Section 21E of the Securities Exchange Act of 1934.
Statements in this press release which are not purely historical
are forward-looking statements and include any statements regarding
beliefs, plans, expectations or intentions regarding the future.
Such forward-looking statements include, among other things, scope
and type of consulting services provided by ITEC, use of proceeds,
future acquisitions, success of projects, growth and strategic
plans. Actual results could differ from those projected in any
forward-looking statements due to numerous factors. Such factors
include, among others, the inherent uncertainties associated with
petroleum exploration and development stage exploration companies.
These forward-looking statements are made as of the date of this
news release, and we assume no obligation to update the
forward-looking statements, or to update the reasons why actual
results could differ from those projected in the forward-looking
statements. Although we believe that the beliefs, plans,
expectations and intentions contained in this press release are
reasonable, there can be no assurance that such beliefs, plans,
expectations or intentions will prove to be accurate. Investors
should consult all of the information set forth herein and should
also refer to the risk factors disclosure outlined in our annual
report on Form 10-K for the most recent fiscal year, our quarterly
reports on Form 10-Q and other periodic reports filed from
time-to-time with the Securities and Exchange Commission.
ON BEHALF OF THE BOARD
Intertech Solutions Inc.
Rob
McIntosh
President
To find out more about Intertech Solutions Inc. (OTCPK: ITEC),
visit our website at www.itecgold.com
Investor Relations:
1-480-296-2065
investors@Intertechsolutionsinc.com
SOURCE Intertech Solutions Inc.
