Press release from Marketwire
Invenio to Advance Green Springs and Kings Canyon
Thursday, February 09, 2012
Invenio to Advance Green Springs and Kings Canyon09:00 EST Thursday, February 09, 2012VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 9, 2012) - Invenio Resources Corp. (TSX VENTURE:IVO) ("Invenio" or the "Company") is pleased to announce that it has amended the terms of an agreement dated May 9, 2006 with Palladon Ventures Ltd. on the Green Springs project located in Nevada and on the Kings Canyon project located in Utah.On the Green Springs project, Invenio will maintain an option and will be required to complete US$2.5 million of work expenditures by May 2015 in order to earn a 60% undivided interest in the project. The first year commitment is $500,000 to be spent by May 2013, with an additional $750,000 of expenditures to be incurred by May 2014 and a further $1.25 million to be spent by May 2015.At the Kings Canyon project, Invenio currently has an option with Kinross Gold with the right to earn a 100% interest in 21 claims that is exclusive of Invenio's 2006 agreement with Palladon on the adjacent property. Invenio and Palladon have agreed to combine both properties for sale or option to a third party. Either way, Invenio and Palladon will participate on a 50/50 basis.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 an interest in 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. In February 2011 Invenio 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 historically reported head grades of 2 g/t gold.For additional information please visit the Company's website at HUwww.invenioresources.com.ON BEHALF OF THE BOARD OF DIRECTORS OF INVENIO RESOURCES CORP.Ken Booth, PresidentThis 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 RelationsInvenio Resources Corp.firstname.lastname@example.orgNeither 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.