Press release from Marketwire
Invenio Begins Exploration on Candle Hills Gold Property
Monday, August 08, 2011
Invenio Begins Exploration on Candle Hills Gold Property09:00 EDT Monday, August 08, 2011VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 8, 2011) - Invenio Resources Corp. (TSX VENTURE:IVO) ("Invenio" or the "Company") is pleased to announce commencement of a detailed surface exploration program on the Candle Hills Property, Alaska. Candle consists of 61 claims totaling 9,760 acres and is located 15 kilometres southwest of the village of McGrath and 55 kilometres by road to Invenio's Ganes Creek Gold Project. The summer work program will consist of geological mapping, rock sampling and a soil sample grid intended to further define gold mineralization previously identified as part of an Alaskan State funded reconnaissance geological mapping program from 1977-1982. Candle Hills geology is composed of a multi-phase, reduced, alkaline-to-intermediate Late-Cretaceous to Early Tertiary igneous complex that intruded into deformed Cretaceous sediments. This complex is a part of the Kuskokuim Mineral belt, a major metallogenic province containing abundant precious metal-enriched, polymetallic mineral deposits hosted in various igneous complexes. Gold exploration performed on ground adjacent to Candle Hills during the 1990's reportedly discovered a gold-mercury bearing soil anomaly located at the immediate headwater region to Candle Creek. This anomaly is located structurally below and approximately 500 metres to the north of Invenio's property. The anomaly hosts Au-Sb-As-Hg bearing quartz veinlets within ankerite-altered plutonic rocks near a sheared/faulted contact. The Candle Hills igneous complex shares similarities with other mineralized complexes of the Kuskokuim Mineral belt (e.g. Vinesale Mtn., Chicken Mtn., Golden Horn, Von Frank Mtn, Nixon Fork, Wattamuse-Ikuk). The Candle Hills complex is thought to host superimposed polymetallic vein and porphyry copper-gold stockwork mineralization that collectively has a distinctive Cu-Au-Ag-As-Hg geochemical signature.The head waters of Candle Creek begins at the northern boundary of the Property and flows northeast through a broad valley that drains the Candle Hills igneous complex. Placer gold deposits along the upper three kilometres of Candle Creek were mined by hand, mechanized open-cut, and bucket-line dredge operations through the 1930's but stopped at the steep slopes just below the Property. Historical reports of this mining activity indicate placer production of approximately 138,000 ounces of gold and 12,000 ounces of silver. During the 1990's limited placer mining in Candle Creek recovered gold that was commonly associated with cinnabar thus further indicating a good correlation between mercury and gold in the area.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.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."