Heres what I found:
Subject: IGCO
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>Intergold Corporation Announces International Engineering Firm To Carry Out Independent Evaluation
>PR Newswire - October 08, 1997 09:34
>IGCO %MNG V%PRN P%PRN
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> NEWPORT BEACH, Calif., Oct. 8 /PRNewswire/ -- Intergold Corporation
>(OTC Bulletin Board: IGCO) (the "Company") is pleased to announce the
>appointment of Michael B. Mehrtens Ph.D., as President and director of the
>Company. Dr. Mehrtens as Project Manager, has directed the sampling, testing,
>and drilling programs since July, 1994. Dr. Mehrtens is a consulting
>geologist whose professional experience in the mining industry commenced in
>Southern Africa in 1957 as a geologist with Anglo American Corporation and
>later with Rio Tinto Group in the UK, Canada, and the United States. During
>this 21 year period, Mehrtens gained mining, exploration, and management
>experience with the two largest multinational mining corporations. Between
>1974 and 1979, Dr. Mehrtens served as head of U.S. exploration for Rio Algom,
>a division of Rio Tinto Zinc.
> An international engineering firm has been commissioned to carry out an
>independent examination of the Blackhawk Gold project in the State of Idaho.
>The results of that study are to be available this fall.
> Through the Company's wholly owned subsidiary, "International Gold
>Corporation" the Company is exploring this gold project in the State of Idaho.
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>SOURCE Intergold Corporation
> /CONTACT: Intergold Investor Relations, 888-848-7377, or email:
>investor@intergoldcorp.com/
> (IGCO)
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Now here is a TWIN GOLD ( Atlanta Gold fron Quest Gold JV Buy Back That They Did Last Year or ago): I have comments on Dirt Numbers looking interesting so I went to the Map at their website it is nice and a little No and West area of ID also...so What and where are going here! Laramide Age Batholifts in Idaho???:
- This looks like DD numbers at the two Pits- elmore county- both pits are the top of hills on a map- 400 ft bottoms. It sells at .265 CN Funds bid .27 at Ask 6mo results
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>Twin Gold Corp TWGShares issued 236983411997-08-14 close $0.27Friday Aug 15 1997Mr Hermann Derbuch reports Twin Gold, formerly Atlanta Gold Corp, passed another milestone in July 1997 with the signing of an agreement with Quest International Resources whereby the company now has an 80% interest in the Atlanta gold mine property near Boise, Idaho, USA. In addition, the company announced the formation of joint ventures to exploit its promising exploration properties at Saran and Layuh, both on Kalimantan Island, Indonesia. Effective May 1 1997, Kenneth Wightman, CA, was appointed vice-president finance and chief financial officer of Twin Gold, bringing wide experience in international financial management. Atlanta/Idaho Gold Mine Development On July 23 1997, the company announced it had entered into a joint venture agreement with Quest to acquire an 80% interest in the Atlanta gold mine property. The Atlanta gold mine is a past producer where over 400,000 ounces of gold and 900,000 ounces of silver have been recovered. Current reserves and resources on the property are estimated at over one million ounces of gold and 3.2 million ounces of silver. Twin Gold intends to spend approximately US$6.5 million to develop the property by: increasing and upgrading reserves, obtaining final permitting approval and conducting a final feasibility study. Subject to completing the foregoing and obtaining financing, the company plans to bring the deposit into production by the year 2000 at a capital cost of approximately US$50 million. Annual production would be planned at 100,000 ounces per year with a mine life of over ten years. The company's 80% interest in the Atlanta gold mine represents a significant step for Twin Gold as it strives to become both an exploration and mine development company. Exploration Indonesia - Layuh On June 17 1997, Twin Gold announced it had entered into a joint venture agreement with its Indonesian partner, PT Harita Jayaraya, to explore and develop a newly identified gold-bearing volcanic breccia and intrusive complex in the vicinity of Layuh, South Kalimantan, Indonesia. The company will have an 85% interest in the joint venture which covers 86,880 hectares. PT Harita Jayaraya is also a partner in the Kelian gold mine, operated by RTZ, which currently produces more than 450,000 ounces of gold per year. Geological mapping, covering in excess of one square kilometre, has identified extensive areas of breccia producing grades of up to 7.31 g/t gold in recent channel samples from outcrops. In addition, the potential of the property is underscored by the results of outcrop sampling of gold-rich, porphry style mineralization which have returned grades of up to 1.39 g/t gold and 0.48% copper. The property is situated in an area of favourable logistics, including direct road access. Indonesia - Saran On July 30 1997, Twin Gold announced the formation of a joint venture with Econ Ventures, Indotan Inc and PT Narima Pasir Laut to explore 62,072 hectares within the Saran area of West Kalimantan, Indonesia. With a 56% interest in the venture, Twin Gold is the operator and technical adviser to the joint venture. Phase I of the program is in progress and includes follow-up on known anomalies, soil sampling, trenching, airborne geophysics, as well as diamond drilling. An extensive mineralized system has been discovered at Saran, where recent geochemical surveys have identified at least two distinct drainage anomalies, with values up to 8.0 g/t gold covering in excess of 5.0 sq km. Rock chip samples on a number of newly discovered vein zones, up to ten metres wide, returned up to 6.5 g/t gold. Financial The second quarter 1997 financial statements reflect for the first time the combined results of Twin Gold and Voisey Bay Resources acquired in April 1997. The financial position of the company is strong with $3.4 million in working capital at June 30 1997, including $1.3 million in cash and $1.9 million in short-term refundable deposits in conjunction with Indonesian exploration properties. About $1 million of these deposits were refunded in July 1997. Significant costs were incurred in the first half related to the plan of amalgamation between the company and Voisey Bay Resources; these one-time costs were about $216,000. As well, a review of the combined properties of both companies resulted in a writedown in of the carrying value of certain non-core mineral claim properties in Northern Quebec and Labrador by $161,298. Management - Doug Glaspey Mr Doug Glaspey has joined the Twin Gold team as project manager at the Atlanta gold mine property site based in Idaho. Mr Glaspey, a qualified metallurgist, has a wealth of experience and knowledge pertaining to the Atlanta site and is managing the pre-production phase of this property. Outlook The company is focusing on developing the Atlanta gold mine in Idaho which has more than one million ounces of gold in current reserves and resources, and the potential to substantially increase this figure significantly. This will give Twin Gold the opportunity to become a significant North American gold mine developer. In addition, the portfolio of Indonesian exploration properties provides the company with an opportunity to participate in a developing region with proven mineralization. The company's cash position is sound which gives us the means to continue with proposed exploration programs and make preparations for planned mine development. WARNING: The company relies on litigation protection for "forward-looking" statements.
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> CONSOLIDATED STATEMENT OF LOSS
> Three months ended June 30
>
> 1997 1996
>
>Interest income $ 63,430 $ 7,012
> ---------- ----------
>General and admin
>
>Corporate
>amalgamation 113,697 0
>
>Admin and office 172,932 13,693
>
>Professional fees 159,415 2,300
>
>Investor relations 138,810 11,980
>
>Salaries 141,354 28,705
>
>Travel 54,097 0
>
>Office rent 26,104 4,882
>
>Depreciation 1,710 0
> ---------- ----------
>Total general and
>admin expense 808,119 61,560
>
>Writedown of
>mineral properties 161,298 0
> ---------- ----------
>Loss for the
>period $ 905,986 $ 54,548
> ========== ==========
>
>Loss per share $0.02 $0.00
>
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> CONSOLIDATED STATEMENT OF LOSS
> Six months ended June 30
>
> 1997 1996
>
>Interest income $ 66,544 $ 28,915
> ---------- ----------
>General and admin
>
>Corporate
>amalgamation 216,083 0
>
>Admin and office 242,908 25,800
>
>Professional fees 211,567 5,101
>
>Investor relations 159,786 13,427
>
>Salaries 222,858 56,828
>
>Travel 106,094 0
>
>Office rent 40,104 9,764
>
>Depreciation 2,750 0
> ---------- ----------
>Total general and
>admin expense 1,202,151 110,920
>
>Writedown of
>mineral properties 161,298 0
> ---------- ----------
>Loss for the
>period $1,296,905 $ 82,005
> ========== ==========
>
>Loss per share $0.04 $0.01
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>(c) Copyright 1997 Canjex Publishing Ltd. canada-stockwatch.com
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>old url (better for printing) In addition, the company announced the formation of joint ventures to exploit its promising exploration properties at Saran and Layuh, both on Kalimantan Island, Indonesia. Effective May 1 1997, Kenneth Wightman, CA, was appointed vice-president finance and chief financial officer of Twin Gold, bringing wide experience in international financial management. Atlanta/Idaho Gold Mine Development On July 23 1997, the company announced it had entered into a joint venture agreement with Quest to acquire an 80% interest in the Atlanta gold mine property. The Atlanta gold mine is a past producer where over 400,000 ounces of gold and 900,000 ounces of silver have been recovered. Current reserves and resources on the property are estimated at over one million ounces of gold and 3.2 million ounces of silver. Twin Gold intends to spend approximately US$6.5 million to develop the property by: increasing and upgrading reserves, obtaining final permitting approval and conducting a final feasibility study. Subject to completing the foregoing and obtaining financing, the company plans to bring the deposit into production by the year 2000 at a capital cost of approximately US$50 million. Annual production would be planned at 100,000 ounces per year with a mine life of over ten years. The company's 80% interest in the Atlanta gold mine represents a significant step for Twin Gold as it strives to become both an exploration and mine development company. Exploration Indonesia - Layuh On June 17 1997, Twin Gold announced it had entered into a joint venture agreement with its Indonesian partner, PT Harita Jayaraya, to explore and develop a newly identified gold-bearing volcanic breccia and intrusive complex in the vicinity of Layuh, South Kalimantan, Indonesia. The company will have an 85% interest in the joint venture which covers 86,880 hectares. PT Harita Jayaraya is also a partner in the Kelian gold mine, operated by RTZ, which currently produces more than 450,000 ounces of gold per year. Geological mapping, covering in excess of one square kilometre, has identified extensive areas of breccia producing grades of up to 7.31 g/t gold in recent channel samples from outcrops. In addition, the potential of the property is underscored by the results of outcrop sampling of gold-rich, porphry style mineralization which have returned grades of up to 1.39 g/t gold and 0.48% copper. The property is situated in an area of favourable logistics, including direct road access. Indonesia - Saran On July 30 1997, Twin Gold announced the formation of a joint venture with Econ Ventures, Indotan Inc and PT Narima Pasir Laut to explore 62,072 hectares within the Saran area of West Kalimantan, Indonesia. With a 56% interest in the venture, Twin Gold is the operator and technical adviser to the joint venture. Phase I of the program is in progress and includes follow-up on known anomalies, soil sampling, trenching, airborne geophysics, as well as diamond drilling. An extensive mineralized system has been discovered at Saran, where recent geochemical surveys have identified at least two distinct drainage anomalies, with values up to 8.0 g/t gold covering in excess of 5.0 sq km. Rock chip samples on a number of newly discovered vein zones, up to ten metres wide, returned up to 6.5 g/t gold. Financial The second quarter 1997 financial statements reflect for the first time the combined results of Twin Gold and Voisey Bay Resources acquired in April 1997. The financial position of the company is strong with $3.4 million in working capital at June 30 1997, including $1.3 million in cash and $1.9 million in short-term refundable deposits in conjunction with Indonesian exploration properties. About $1 million of these deposits were refunded in July 1997. Significant costs were incurred in the first half related to the plan of amalgamation between the company and Voisey Bay Resources; these one-time costs were about $216,000. As well, a review of the combined properties of both companies resulted in a writedown in of the carrying value of certain non-core mineral claim properties in Northern Quebec and Labrador by $161,298. Management - Doug Glaspey Mr Doug Glaspey has joined the Twin Gold team as project manager at the Atlanta gold mine property site based in Idaho. Mr Glaspey, a qualified metallurgist, has a wealth of experience and knowledge pertaining to the Atlanta site and is managing the pre-production phase of this property. Outlook The company is focusing on developing the Atlanta gold mine in Idaho which has more than one million ounces of gold in current reserves and resources, and the potential to substantially increase this figure significantly. This will give Twin Gold the opportunity to become a significant North American gold mine developer. In addition, the portfolio of Indonesian exploration properties provides the company with an opportunity to participate in a developing region with proven mineralization. The company's cash position is sound which gives us the means to continue with proposed exploration programs and make preparations for planned mine development. WARNING: The company relies on litigation protection for "forward-looking" statements.
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>Twin Gold Corp -
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>Atlanta gold mine assays verified
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>Twin Gold Corp TWGShares issued 236983411997-09-16 close $0.27Wednesday Sep 17 1997Mr Herman Derbuch reports Roscoe Postle Associates, an independent consulting firm, has provided results from its sampling tests at Twin Gold's Atlanta gold property in Idaho. After sampling two surface trenches, taking an underground channel sample as well as sampling a reverse circulation hole and two diamond drill holes, RPA provided the following conclusions: "Although we collected only a limited number of samples from the respective sample populations and reviewed a small part of the drill hole database, our review indicates that: Twin Gold's exploration database is well documented, and data recording, sampling and analytical procedures are of high standard. Assay results obtained by RPA compare reasonably well with Twin Gold's results. RPA is of the opinion that more extensive sampling of drill holes would likely lead to similar results." A further conclusion was that in mineralized samples: "...appreciable amounts of gold, ranging from 0.048 oz/ton Au to 0.276 oz/ton Au occur." This verification of the sampling and assaying procedures as well as the gold values is a significant step for Twin Gold in developing the Atlanta gold mine. Step by step the company is building a gold mine to create value for its shareholders. Because of its proven ore reserve base, well researched metallurgy and potential to add to existing reserves, the company expects the potential life of the mine, with production at 100,000 ounces of gold a year, to extend beyond 10 years. Twin Gold plans to raise funds to upgrade the Atlanta ore reserves and complete the environmental impact statement and final feasibility study in preparation for financing mine construction. (c) Copyright 1997 Canjex Publishing Ltd. canada-stockwatch.com
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>old url (better for printing)
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> CONSOLIDATED STATEMENT OF LOSS
> Three months ended June 30
>
> 1997 1996
>
>Interest income $ 63,430 $ 7,012
> ---------- ----------
>General and admin
>
>Corporate
>amalgamation 113,697 0
>
>Admin and office 172,932 13,693
>
>Professional fees 159,415 2,300
>
>Investor relations 138,810 11,980
>
>Salaries 141,354 28,705
>
>Travel 54,097 0
>
>Office rent 26,104 4,882
>
>Depreciation 1,710 0
> ---------- ----------
>Total general and
>admin expense 808,119 61,560
>
>Writedown of
>mineral properties 161,298 0
> ---------- ----------
>Loss for the
>period $ 905,986 $ 54,548
> ========== ==========
>
>Loss per share $0.02 $0.00
>
>
> CONSOLIDATED STATEMENT OF LOSS
> Six months ended June 30
>
> 1997 1996
>
>Interest income $ 66,544 $ 28,915
> ---------- ----------
>General and admin
>
>Corporate
>amalgamation 216,083 0
>
>Admin and office 242,908 25,800
>
>Professional fees 211,567 5,101
>
>Investor relations 159,786 13,427
>
>Salaries 222,858 56,828
>
>Travel 106,094 0
>
>Office rent 40,104 9,764
>
>Depreciation 2,750 0
> ---------- ----------
>Total general and
>admin expense 1,202,151 110,920
>
>Writedown of
>mineral properties 161,298 0
> ---------- ----------
>Loss for the
>period $1,296,905 $ 82,005
> ========== ==========
>
>Loss per share $0.04 $0.01
>
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>(c) Copyright 1997 Canjex Publishing Ltd. canada-stockwatch.com
>
>old url (better for printing)
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