ednesday November 4, 9:25 am Eastern Time
Company Press Release
SOURCE: Intergold Corporation
Intergold Corporation Announces
Financing And Assay Update
NEWPORT BEACH, Calif., Nov. 4 /PRNewswire/ -- On behalf of the Board of Directors,
Intergold Corporation (OTC Bulletin Board: IGCO - news; ''the Company'') is pleased to
announce the following information with respect to their drilling program on the Blackhawk property
38 miles north of Twin Falls in the State of Idaho:
Financing: The Company has finalized it's ''Series A'' convertible Preferred Share financing in the
amount of $2,500,000 U.S. funds. A further ''Series B'' convertible Preferred Share financing in the
amount of $2,500,000 U.S. funds will be undertaken concurrent with the closing of the ''Series A''
preferred share issue.
Assay and Recovery Results: Test results from the Company's 9 diamond drill holes, each to a
depth of 500 feet are in process. Fire Assay and Leach Recovery tests were conducted by Auric
Metallurgical Laboratories and the following test results are from core holes 98C-14 and 98C-27:
Fire Assay Results From Core Drill Hole # 98C-14
Sample ID Gold (Tr. oz./ton) Silver (Tr. oz./ton)
98C-14 (0' to 5') 0.108 0.218
98C-14 (15' to 20') 0.114 0.242
98C-14 (35' to 40') 0.112 0.210
98C-14 (90' to 95') 0.052 0.294
98C-14 (245' to 250') 0.076 0.228
98C-14 (295' to 300') 0.133 0.133
98C-14 (345' to 350') 0.110 0.184
98C-14 (395' to 400') 0.064 0.192
98C-14 (445' to 450') 0.123 0.182
98C-14 (495' to 500') 0.081 0.180
Fire Assay Results From Core Drill Hole # 98C-27
Sample ID Gold (Tr. oz./ton) Silver (Tr. oz./ton)
98C-27 (0' to 5') 0.078 0.230
98C-27 (20' to 25') 0.094 0.272
98C-27 (50' to 55') 0.076 0.190
98C-27 (100' to 105') 0.084 0.168
98C-27 (115' to 120') 0.120 0.164
98C-27 (165' to 170') 0.090 0.176
98C-27 (190' to 195') 0.090 0.160
98C-27 (250' to 255') 0.088 0.196
98C-27 (295' to 300') 0.094 0.192
Leach Test Report Results From Core Drill Hole # 98C-14
Sample ID Gold (Tr. oz/ton) Silver (Tr. oz./ton)
Recovered Recovered
98C-14 (20' to 240') 0.174 0.957
98C-14 (260' to 500') 0.116 0.261
Further Analytical Testing: Testing will continue through Auric Metallurgical Laboratories in Salt
Lake City, Utah. Auric Labs is a recognized laboratory which has provided services to major
mining firms. Further fire assay and leach testing will continue on the nine holes drilled to date and on
additional holes as they are drilled.
Auric Metallurgical Laboratories in conjunction with an independent engineering firm will conduct a
complete leach recovery test on a two ton bulk sample to be collected under strict ''chain of
custody'' protocols from the Company's Blackhawk prospect in Idaho. The bulk samples will be
collected and will remain in tamper-proof sealed containers. The bulk rock sample will then be
processed by a leaching recovery process. It is the Company's strategy to test systems that could
be utilized for commercial scale recovery and will form the basis for pilot plant development and
costing.
Drilling to Continue: As previously advised in the October 20, 1998 press release, the Company
plans to resume drilling to complete the current program and further define the mineralized zone of
the Blackhawk property. Within the scope of this plan, two of the first nine holes will be extended to
1,000 feet; six additional diamond drill holes to 500 feet will be undertaken, and 21 reverse
circulation in-fill holes will follow.
Through the Company's subsidiary, ''International Gold Corporation'' the Intergold Corporation is
exploring a large mineralized prospect in the State of Idaho - the Blackhawk I Gold Project, which
is comprised of 321 contiguous unpatented lode mining claims in Lincoln County, Idaho.
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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