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IRO Inter Rock Minerals Inc

0.62
0.00 (0.00%)
15 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Inter Rock Minerals Inc TSXV:IRO TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.62 0.57 0.62 0 01:00:00

Inter-Rock Reports Third Quarter Results

27/11/2008 4:24pm

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Inter Rock Minerals (TSXV:IRO)
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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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