ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for charts Register for streaming realtime charts, analysis tools, and prices.

IVO

0.00
0.00 (0.00%)
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 Resources Corp.: Exploration Program Begins at Ganes Creek Gold Project, Alaska

21/06/2011 2:00pm

Marketwired Canada


Invenio Resources Corp. ("Invenio" or the "Company") is pleased to announce that
the Company's summer exploration program has begun at the Ganes Creek Gold
Project in Alaska. Yukuskokon Professional Services Inc. of Wasilla, Alaska has
been retained to provide geological services under the supervision of Jesse
Grady, MSc., Invenio's exploration manager at Ganes.


Initial work will be focused on an Induced Polarization ("IP") geophysical
survey targeting favourable geology over four kilometres from Pzs zone to the
Katz zone. The IP survey will tie together previous IP grids that targeted these
specific zones and will also extend these grids to cover areas that were mapped
by previous operators. Aurora Geosciences has been retained to conduct the IP
survey.


Upon completion of Aurora's work, Invenio will integrate the new geophysical
data with an extensive geological, geochemical and geophysical database in order
to identify diamond drill targets for a program later this summer. The 2011
field season is intended to follow up on extensive work completed by a previous
explorer in 2007-2008 that included a total of approximately 32 kilometres of
trenching, geological mapping and 4,400 continuous chip samples collected in the
trenches, 424 select rock samples and approximately 83 line kilometres of grid
geophysics. 


Two primary styles of intrusive-hosted or intrusive-related lode gold
mineralization have been recognized at Ganes Creek. They are referred to as:


Type-1: lower grade bulk mineable gold mineralization that is composed of
quartz-arsenopyrite veinlets and micron-to-millimeter scale disseminations
hosted in porphyritic rhyolite sills/dikes. This style of mineralization is
similar to the 42 million ounce Donlin Creek gold deposit located to the
southwest of Ganes Creek along the Nixon Fork - Iditarod fault; and 


Type-2: Quartz-native gold veins, locally with visible gold, found within
post-intrusive structures that cut altered and deformed bi-modal sill/dike
swarms. This style of mineralization is the source for the rich placer gold
deposits that have been mined from Ganes Creek and its tributary drainages for
over 100 years. The relationship between Type 2 mineralization and placer gold
has been confirmed by a large dataset that includes: 1) observations of placer
deposits, distribution and placer gold character, 2) Geochemical, textural and
electron microprobe analyses on placer gold grains, from quartz + gold nuggets,
and from in-situ quartz-gold veins, and 3) placer nuggets found by metal
detectors that are eroded fragments of quartz-carbonate-gold veins with
identifiable wall rock attached that are diagnostic to the
intrusive-alteration-mineralization system at Ganes Creek. 


Ganes Creek is located in west-central Alaska, approximately 440 km northwest of
Anchorage and 40 km west of the town of McGrath. The Project is situated in the
Tintina Gold Belt which is host to the 42 million ounce Donlin Creek gold
deposit approximately 90 km to the south west and the Nixon Fork copper-gold
skarn deposit approximately 62 km to the northeast. 


The Ganes Creek project consists of 109 state mining claims covering
approximately 6,200 hectares (15,400 acres). The Project is in the historic
Ophir Mining District and lies along the prospective Yankee Creek/Ganes Creek
(Y/G) fault zone, a 19 km geological feature which hosts numerous gold anomalies
and prospects as well as several active placer gold operations. The Y/G fault
zone parallels the Iditarod-Nixon Fork fault, a major northeast trending
structure, along which the Donlin Creek and Nixon Fork deposits occur.
Mineralization at Ganes Creek consists of intrusive related gold showings and
high grade gold in shears and veins along or in close proximity to the Y/G fault
zone. 


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 three gold properties, Ganes Creek,
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 in
February 2011 it signed an option on Ganes Creek with the right to acquire a
100% interest. Ganes Creek has the potential to host both high grade lode style
gold mineralization and lower grade 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."


1 Year Chart

1 Year  Chart

1 Month Chart

1 Month  Chart