International Gold Resources News on Amapa Property
19 June 2006 - 11:30PM
Business Wire
International Gold Resources Inc. ("IGR") (OTCBB:IGRU) is pleased
to announce that work has commenced on its Porto Grange project in
Amapa State, Brazil. IGR Porto Grange claims block encompasses
55,000 hectares (135,000 acres) within the Vila Nova- Serra do
Navio greenstones of Paleo-Proterozoic age in the southeast part of
the Guiana Shield. This assemblage of the sedimentary, exhalative,
and intrusive rock, is common with similar belts elsewhere in the
Guiana Shield of Brazil, the Guainas, and Venezuela. These local
greenstones historically have contained significant gold
mineralization: in the Serra do Navio area, other mine companies
include GoldCorp's Amapari Mine, with production plus reserves of
1.6 million oz, and the Santa Maria Mine currently being explored
by Eldorado Gold. A world-class manganese deposit and significant
chromite deposits also occur within the belt. IGR's contiguous
claim block within the greenstone belt is midway between the
Amapari and Santa Maria Mines. The existence of an
east-west-trending regional "break" through the claim block is
suspected and if confirmed, could have important metallogenic
implications. IGR have commenced a comprehensive program of
geological, geochemical and geophysical assessment of the gold
potential within the claim block. The claim block is bisected by a
road, and by the still-operative railroad, which served the former
manganese mine. About International Gold Resources, Inc. The vision
of International Gold Resources Inc. is to secure, explore, and
develop properties in Brazil, and in the Yukon Territories, Canada.
We are a junior mining company, with both immediate and future
production potential. The statements in the press release that
relate to the company's expectations with regard to the future
impact on the company's results from new products or actions in
development are forward-looking statements, within the meaning of
the Private Securities Litigation Reform Act of 1995. The
statements in this document may also contain "forward-looking
statements" within the meaning of Section 27A of the Securities Act
of 1933 and Section 21E of the Securities Exchange Act of 1934.
Since this information may contain statements that involve risk and
uncertainties and are subject to change at any time, the company's
actual results may differ materially from expected results.
International Gold Resou... (CE) (USOTC:IGRU)
Historical Stock Chart
From Jan 2025 to Feb 2025
International Gold Resou... (CE) (USOTC:IGRU)
Historical Stock Chart
From Feb 2024 to Feb 2025
Real-Time news about International Gold Resources Inc (CE) (OTCMarkets): 0 recent articles
More International Gold Resources Inc. News Articles