News is out. Anybody care to comment on the significance of the Platinum Group Metals? Chuck Intergold Corporation Operational Update
NEWPORT BEACH, Calif., Oct. 20 /PRNewswire/ -- On behalf of the Board of Directors, Intergold Corporation (OTC Bulletin Board: IGCO - news; ''the Company'') announces the following information with respect to their drilling program in Idaho:
The Company has currently completed 9 diamond drill holes, each to a depth of 500 feet. Fire assays indicate gold and silver values. Testing also indicates the presence of Platinum Group Metals (PGM's).
Cognizant of the need to check all results with independent labs prior to publishing news releases, Intergold has employed reputable labs who have provided similar services to major mining firms to verify results. When this independent testing has been completed and the Company is satisfied as to the integrity of the work, a comprehensive news release will follow.
Values found to date are consistent throughout the core drilling length to the end of the 500-foot drill depth. To help determine the mineralized depth, two of the existing 500-foot holes will be extended to 1,000 feet this fall.
Intergold plans to resume drilling within two weeks to complete the planned program to define further the mineralized zone. Within the scope of this plan, two of the first nine holes will be extended to 1000 feet; six additional diamond drill holes to 500 feet will be undertaken, and 21 reverse circulation in-fill holes will follow.
SAFE HARBOR STATEMENT
Forward-looking statements in this release are made pursuant to the ''safe harbor'' provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, commodity prices of precious metals and actual results differing materially from projections because of geological factors, operation factors, government regulations or factors relied upon from independent sources, may either negatively or positively impact exploration or mining operations. Forward-looking statements involve known and unknown risks and uncertainties that may cause the Company's actual results in the future periods to differ materially from forecasted results. The company assumes no obligation to update the information in this release.
SOURCE: Intergold Corporation
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