SCOTTSDALE, Ariz., Sept. 8, 2014 /PRNewswire/ -- Intertech
Solutions Inc. (OTCPK: ITEC) ("Intertech Solutions Inc.,"
"ITEC" or the "Company") announces that the Company has received
all results from the analytical laboratory on the recently
disclosed 1.65 ton bulk sample. The Company is very pleased to
report that the gold assays received on all samples of composite
ore from new and existing trenches and ore stockpiles gave an
overall grade 6.39 grams per ton, or 0.190 ounces per ton.
This is our largest, and most comprehensive bulk sample
processed to date and has yielded the highest overall grade. As we
process larger volumes, the amount of gold recovered is increasing,
which further confirms the existence of a continuous and more
expansive ore body. By comparison, our 1,000 lb. sample graded 5.7
grams per ton compared to this sample which processed three times
the ore volume graded 6.39 grams per ton.
We will sample a further 5 to 10 tons of ore and can now
anticipate a minimum head grade of 6 grams on all ore material
processed. Additionally, we are pleased that our ore continues to
run within the predicted 5 to 9 gram per ton parameter range, as
established during our Phase 1 program and outlined in the
technical report that can be viewed on our website.
As reported on August
28th, the bulk sample material received a
thorough visual inspection during all phases of the acquisition
process, and of significance was that gold was viewed in all of the
samples. This includes fine powder gold, flakes and needles of gold
as well as nuggets up to 2 grams in weight. Through testing the
gold has now been observed to be easily recoverable through simple
gravity separation at the wash plant. When full operations
commence, we are now very confident about achieving a very high
recovery rate in excess of 95%.
Also noteworthy is the consistency of the assays throughout all
the sampled material which is very important and will simplify
grade control when we commence commercial production in early
2015.
The bulk sampling program being undertaken is in keeping with
the recommendations of the project technical report, as well as
paralleling the ongoing metallurgical studies which are analyzing
the WPE gold ore, and characterizing its nature. We will
continue to process more ore and larger samples, which have now
shown to statistically give better and more accurate
results.
The WPE Claims #1-#4 claims are located in the Middlecamp Mining
District in La Paz County, near
Quartzite Arizona. The gold claims cover a total of 160
contiguous acres and have easy access between Phoenix and Palm
Springs, CA along Interstate 10.
About Intertech Solutions Inc. (OTCPK: ITEC)
Intertech Solutions is a fully integrated, gold project finance,
management and services consulting Company that provides
development capital, engineering, project supervision and technical
management to gold projects. The Company operates from its offices
in Scottsdale, Arizona. Visit us
at: www.itecgold.com.
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements" as that
term is defined in Section 27A of the United States Securities Act
of 1933 and Section 21E of the Securities Exchange Act of 1934.
Statements in this press release which are not purely historical
are forward-looking statements and include any statements regarding
beliefs, plans, expectations or intentions regarding the future.
Such forward-looking statements include, among other things, scope
and type of consulting services provided by ITEC, use of proceeds,
future acquisitions, success of projects, growth and strategic
plans. Actual results could differ from those projected in any
forward-looking statements due to numerous factors. Such factors
include, among others, the inherent uncertainties associated with
petroleum exploration and development stage exploration companies.
These forward-looking statements are made as of the date of this
news release, and we assume no obligation to update the
forward-looking statements, or to update the reasons why actual
results could differ from those projected in the forward-looking
statements. Although we believe that the beliefs, plans,
expectations and intentions contained in this press release are
reasonable, there can be no assurance that such beliefs, plans,
expectations or intentions will prove to be accurate. Investors
should consult all of the information set forth herein and should
also refer to the risk factors disclosure outlined in our annual
report on Form 10-K for the most recent fiscal year, our quarterly
reports on Form 10-Q and other periodic reports filed from
time-to-time with the Securities and Exchange Commission.
ON BEHALF OF THE BOARD
Intertech Solutions Inc.
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- - -
Robert McIntosh
President, C.E.O.
To find out more about Intertech Solutions Inc. (OTCPK: ITEC),
visit our website at www.itecgold.com
Investor Relations:
+1-480-296-2065
investors@Intertechsolutionsinc.com
SOURCE Intertech Solutions Inc.
