The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Globe Investor

News Sources

Take control of your investments with the latest investing news and analysis

Press release from Marketwire

Invenio to Drill Ganes Creek Gold Property in September

Tuesday, July 26, 2011

Invenio to Drill Ganes Creek Gold Property in September13:23 EDT Tuesday, July 26, 2011VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 26, 2011) - 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."FOR FURTHER INFORMATION PLEASE CONTACT: Investor RelationsInvenio Resources Corp.604-687-1779info@invenioresources.comwww.invenioresources.com"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."