Press release from Marketwire
Invenio Completes Work on Alaska Gold Projects
Friday, September 23, 2011
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 23, 2011) - 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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Investor Relations Invenio Resources Corp. 604-687-1779 email@example.com www.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.