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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 Resources Corp.: Summer Exploration Delineates Priority Drill Targets

16/08/2011 2:00pm

Marketwired Canada


Invenio Resources Corp. (TSX VENTURE:IVO) ("Invenio" or the "Company") is
pleased to advise that ground geophysical surveying is proceeding rapidly at its
Ganes Creek gold project, located in southwest interior Alaska. Approximately 25
kilometres of a planned 50 kilometre Induced Polarization survey ("IP") has been
completed with data being processed, compiled and checked in the field. The
results from the survey will be used to target mineralization in the up-coming
diamond drilling program, planned to start in September.  


Invenio's 2011 IP survey extends and connects older IP grids that were surveyed
in 2008 by previous operators. The 2008 geophysical data covers both
disseminated gold mineralization ("Type-1") along the Main Ridge Area, which is
similar to the 42 million ounce Donlin Creek gold deposit 90 kilometres to the
southwest and high grade quartz-gold mineralization ("Type-2") along the Lower
Bench Region (Map 1). 


Main Ridge Area - Disseminated Gold Targets (Type-1)

Geophysical grids completed in 2008, covering the Pzs Ridge, Breccia Hill, and
Katz gold prospects, delineated large, resistive rhyolitic intrusions hosting
Type-1 gold mineralization. Three and possibly four sub-parallel, 40-50 metre
wide 065 degrees north-striking felsic sills define an intrusive swarm
approximately 200 metres wide that extends the length of the Main Ridge for
about 5,000 metres. Invenio's 2011 IP grids are extending the 2008 survey areas
to the southeast, thus covering the potential down dip extensions of the
mineralized intrusive system while at the same time connecting all the
historical grids along the length of the entire target area (Map 1, 2, 3). This
work will allow the Company to put together a thorough, overall picture at Ganes
Creek, as it now appears the gold-bearing system in the Main Ridge area is
larger than previously thought.


Trenching totaling 32 kilometres and continuous chip sampling of the trenches
done in 2008 sampled Type-1 gold mineralization over broad areas spatially
associated with the altered, southeast dipping felsic intrusives. The altered
felsic rocks and adjacent slate bedrock at Pzs Ridge contain anomalous gold
mineralization within the entire trench system of 650 metres that covers an area
of approximately 32,000m2 (Map 3). Higher grade zones of disseminated gold
within the felsic intrusions at Pzs Ridge have not been adequately tested by
drilling and are priority targets (20 metres at 0.37 to 0.90 grams/tonne gold,
65 metres at 0.33 to 0.70 grams/tonne gold, and four metres at 1.7 grams/tonne
gold. A program of Reverse Circulation ("RC") drilling done in 1996 within the
Pzs Ridge area confirmed that surface mineralization (e.g. 0.3 g/ - 2 g/t gold)
is continuous to depths of 30-40 metres, but these vertical holes pierced only
the shallow top edges of the mineralized felsic sills as the moderate southeast
dip of the intrusive system was not realized at the time (Map 3). The extensions
to this mineralization down dip towards the southeast and along strike to the
southwest is an important target in Invenio's anticipated drill program in the
fall. The Pzs Ridge area is the most extensive continuous zone of disseminated
gold mineralization recognized on the property to date. 


Lower Bench Region - High Grade Gold Targets (Type-2)

Geophysical grids along the Lower Bench Region (e.g. Maki Ridge, South Potosi
Ridge, Beaumeister) surveyed during 2008 with IP detected a zone of chargeable,
resisitive altered intrusive swarms that host Type-2 high-grade gold
mineralization which is likely the source of the extensive placer gold deposits
found along Ganes Creek. Invenio's geophysical grids will target a 150 metre
wide, altered mafic sill/dike swarm that is located near placer deposits along
Potosi Creek (300 m away) and the confluence of Potosi Creek and Ganes Creek
(1000 m away), which yielded some of the richest placer deposits at Ganes Creek.


Trenches along South Potosi Ridge have exposed fourteen (14) individual,
northeast striking, steeply dipping deformed altered intrusive sills that are
cut by north-northeast-trending faults and east-trending shear zones. Abundant
north- striking, subvertical multi-stage quartz veins occur as sheeted swarms
and stock works along the margins of the intrusive sills, occurring in both
extension fractures, and cross-cutting shears. 


Samples from the South Potosi Ridge trenches produced two 14g/t gold assays from
quartz veins hosted in the altered intrusive sills and post-intrusive shear
zones. The high-grade samples are separated by 90 metres along strike and occur
within a 165 metre zone of numerous lower-grade samples (1-3g/t gold). The South
Potosi Ridge prospect is important because of: 1) the abundance and density of
mafic sills/dikes, 2) numerous anomalous gold samples from intrusions, flysch,
structures and veins, and 3) the tenor of quartz veining exposed for over 200
metres along strike. Additionally the veins within the South Potosi Prospect are
similar in appearance and textures to large gold + quartz cobbles mined from the
placer deposits along Potosi Creek approximately 300 metres away to the
northeast. It is thought that the South Potosi Prospect is the source for much
of the placer gold within Potosi Creek, the source of which is beneath
overburden on Maki Ridge.


The above listed maps can be viewed on the company's website at:
http://www.invenioresources.com/projects/ganes-creek-project/


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.


The technical information in this news release was reviewed by Jerry Blackwell,
P.Geo., Invenio's technical advisor and a Qualified Person as defined in NI
43-101. 


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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