Intertech Solutions Announces 6.39 Grams per ton Gold Grade on Latest Bulk Sample at WPE Project, Arizona
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
[email protected]
SOURCE Intertech Solutions Inc.
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