Inter-Rock Reports Third Quarter Results
28 November 2008 - 3:24AM
Marketwired
Inter-Rock Minerals Inc. (TSX VENTURE: IRO) reported today its
third quarter 2008 earnings. Inter-Rock had no income or loss for
the quarter, compared to income of $118,000 for the same period in
2007. Third quarter EBITDA decreased to US$174,000 from US$377,000
in 2007.
MIN-AD
MIN-AD, Inc., Inter-Rock's industrial minerals subsidiary,
reported a decrease in sales volume of 7%. The decline was
exclusively due to fewer cattle-on-feed in Texas and Kansas which
was a consequence of exceptionally high feed ingredient costs.
Sales volumes in all other regions either increased or were steady.
Volumes have increased in the fourth quarter due to a seasonal
increase in feedlot populations and declining feed costs.
Mineral Properties
A drilling permit application has been submitted for a first
phase of drilling at Inter-Rock's Stinagree Valley property. The
primary purpose of phase one will be to test observed geophysical
anomalies in order to assist with the development of a geological
model.
The soil sampling program has been completed at the Sentinel
property. A total of 230 samples were gathered on a 100 foot grid
at both the northern section of the property and at the southern
boundary of a previously outlined anomalous gold zone. Assay
results have been received and a compilation of results is expected
by early December.
Additional information is available at
www.inter-rockminerals.com and on SEDAR at www.sedar.com.
No stock exchange or securities regulatory authority has
reviewed or accepts responsibility for the adequacy or accuracy of
this release.
Contacts: Inter-Rock Minerals Inc. Michael B. Crombie President
(416) 367-3003 (416) 367-3638 (FAX) Email: iro@on.aibn.com Website:
www.inter-rockminerals.com
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