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IVO

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Share Name Share Symbol Market Type
TSXV:IVO 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 -

Invenio Begins Exploration on Candle Hills Gold Property

08/08/2011 2:00pm

Marketwired Canada


Invenio Resources Corp. (TSX VENTURE:IVO) ("Invenio" or the "Company") is
pleased to announce commencement of a detailed surface exploration program on
the Candle Hills Property, Alaska. Candle consists of 61 claims totaling 9,760
acres and is located 15 kilometres southwest of the village of McGrath and 55
kilometres by road to Invenio's Ganes Creek Gold Project. 


The summer work program will consist of geological mapping, rock sampling and a
soil sample grid intended to further define gold mineralization previously
identified as part of an Alaskan State funded reconnaissance geological mapping
program from 1977-1982. 


Candle Hills geology is composed of a multi-phase, reduced,
alkaline-to-intermediate Late-Cretaceous to Early Tertiary igneous complex that
intruded into deformed Cretaceous sediments. This complex is a part of the
Kuskokuim Mineral belt, a major metallogenic province containing abundant
precious metal-enriched, polymetallic mineral deposits hosted in various igneous
complexes. 


Gold exploration performed on ground adjacent to Candle Hills during the 1990's
reportedly discovered a gold-mercury bearing soil anomaly located at the
immediate headwater region to Candle Creek. This anomaly is located structurally
below and approximately 500 metres to the north of Invenio's property. The
anomaly hosts Au-Sb-As-Hg bearing quartz veinlets within ankerite-altered
plutonic rocks near a sheared/faulted contact. 


The Candle Hills igneous complex shares similarities with other mineralized
complexes of the Kuskokuim Mineral belt (e.g. Vinesale Mtn., Chicken Mtn.,
Golden Horn, Von Frank Mtn, Nixon Fork, Wattamuse-Ikuk). The Candle Hills
complex is thought to host superimposed polymetallic vein and porphyry
copper-gold stockwork mineralization that collectively has a distinctive
Cu-Au-Ag-As-Hg geochemical signature.


The head waters of Candle Creek begins at the northern boundary of the Property
and flows northeast through a broad valley that drains the Candle Hills igneous
complex. Placer gold deposits along the upper three kilometres of Candle Creek
were mined by hand, mechanized open-cut, and bucket-line dredge operations
through the 1930's but stopped at the steep slopes just below the Property.
Historical reports of this mining activity indicate placer production of
approximately 138,000 ounces of gold and 12,000 ounces of silver. During the
1990's limited placer mining in Candle Creek recovered gold that was commonly
associated with cinnabar thus further indicating a good correlation between
mercury and gold in the area.


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 four gold properties, Ganes Creek,
Alaska, Candle Hills, Alaska, Kings Canyon located on the border of Nevada and
Utah and Green Springs located in Nevada. Invenio owns 75% of Kings Canyon and
Green Springs and an option on Ganes Creek and an option on Candle Hills to
acquire a 100% interest. Ganes Creek has the potential to host both high grade
lode style gold mineralization and disseminated bulk mineable mineralization
similar to that found at the 42 million ounce Donlin Creek gold deposit. 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 reported head grades of 2 g/t gold.


For additional information please visit the Company's website at
www.invenioresources.com.


ON BEHALF OF THE BOARD OF DIRECTORS OF INVENIO RESOURCES CORP. 

Ken Booth, President

"This news release may contain 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."


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