Press release from Marketwire
Invenio Resources Corp.: Exploration Program Begins at Ganes Creek Gold Project, Alaska
Tuesday, June 21, 2011
Invenio Resources Corp.: Exploration Program Begins at Ganes Creek Gold Project, Alaska09:00 EDT Tuesday, June 21, 2011VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 21, 2011) - Invenio Resources Corp. ("Invenio" or the "Company") is pleased to announce that the Company's summer exploration program has begun at the Ganes Creek Gold Project in Alaska. Yukuskokon Professional Services Inc. of Wasilla, Alaska has been retained to provide geological services under the supervision of Jesse Grady, MSc., Invenio's exploration manager at Ganes.Initial work will be focused on an Induced Polarization ("IP") geophysical survey targeting favourable geology over four kilometres from Pzs zone to the Katz zone. The IP survey will tie together previous IP grids that targeted these specific zones and will also extend these grids to cover areas that were mapped by previous operators. Aurora Geosciences has been retained to conduct the IP survey.Upon completion of Aurora's work, Invenio will integrate the new geophysical data with an extensive geological, geochemical and geophysical database in order to identify diamond drill targets for a program later this summer. The 2011 field season is intended to follow up on extensive work completed by a previous explorer in 2007-2008 that included 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. Two primary styles of intrusive-hosted or intrusive-related lode gold mineralization have been recognized at Ganes Creek. They are referred to as:Type-1: lower grade bulk mineable gold mineralization that is composed of quartz-arsenopyrite veinlets and micron-to-millimeter scale disseminations hosted in porphyritic rhyolite sills/dikes. This style of mineralization is similar to the 42 million ounce Donlin Creek gold deposit located to the southwest of Ganes Creek along the Nixon Fork – Iditarod fault; and Type-2: Quartz-native gold veins, locally with visible gold, found within post-intrusive structures that cut altered and deformed bi-modal sill/dike swarms. This style of mineralization is the source for the rich placer gold deposits that have been mined from Ganes Creek and its tributary drainages for over 100 years. The relationship between Type 2 mineralization and placer gold has been confirmed by a large dataset that includes: 1) observations of placer deposits, distribution and placer gold character, 2) Geochemical, textural and electron microprobe analyses on placer gold grains, from quartz + gold nuggets, and from in-situ quartz-gold veins, and 3) placer nuggets found by metal detectors that are eroded fragments of quartz-carbonate-gold veins with identifiable wall rock attached that are diagnostic to the intrusive-alteration-mineralization system at Ganes Creek. 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. The Ganes Creek project consists of 109 state mining claims covering approximately 6,200 hectares (15,400 acres). The Project is in the historic Ophir Mining District and lies along the prospective Yankee Creek/Ganes Creek (Y/G) fault zone, a 19 km geological feature which hosts numerous gold anomalies and prospects as well as several active placer gold operations. The Y/G fault zone parallels the Iditarod-Nixon Fork fault, a major northeast trending structure, along which the Donlin Creek and Nixon Fork deposits occur. Mineralization at Ganes Creek consists of intrusive related gold showings and high grade gold in shears and veins along or in close proximity to the Y/G fault zone. 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 three gold properties, Ganes Creek, 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. 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. 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.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 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."FOR FURTHER INFORMATION PLEASE CONTACT: Investor RelationsInvenio Resources Corp.firstname.lastname@example.org"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."