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Gold/Mining/Energy : International Gold Corp (IGCO) -- Ignore unavailable to you. Want to Upgrade?

To: Chuck Delo who wrote (82)	7/31/1998 1:38:00 PM
From: Robert Page	Read Replies (2) \| Respond to of 405

I hears great news was about to hit the wire? anybody hear anything?

To: Chuck Delo who wrote (82)	8/2/1998 7:34:00 AM
From: Semyon Kuretsky	Read Replies (1) \| Respond to of 405

I suggest everybody reads this press release again and for newcomers to this thread it will be a good source for information to start DD. The company already had an estimate of 0.14 oz of gold per ton in this 8.5% area (which is covering about 500mm tons of rock) of its claims with an extraction rate confirmed by Bateman Eng at about 0.03 oz /ton. Company believes that they have a uniform distribution of gold in this area and this drilling program should confirm it. Please take a note that 1 phase of the program will be completed by the end of the summer. I understand that company did not want to make any strong public statement to insure there will be no any involvement of investigation accompanied with such claims by SEC until the evidence will be at hand... and that sort of investigation might be very destructive from the main course of business and bring bad publicity.. but if they right we have .14 * 500,000,000 = 70,000,000 oz of gold in the ground and possibility of extraction of 15,000,000 oz of gold !!! and this only on 8.5% of their claims and yes, this can rival Carlin Trend And here is the news release: Friday June 19, 11:31 am Eastern Time Company Press Release SOURCE: Intergold Corporation Intergold Corporation Begins 75,000 Foot Drilling Program NEWPORT BEACH, Calif., June 19 /PRNewswire/ -- Subsequent to the completion of additional claims staking, Intergold Corporation (OTC Bulletin Board: IGCO - news; www.intergoldcorp.com; the Company) will begin detailed drilling of its Blackhawk property, now that independent engineers have confirmed the presence of commercially viable gold mineralization on its Blackhawk Property in the State of Idaho. The drilling and assay program will begin the process of proving and detailing of mineralized reserves. The first phase of drilling will encompass 19,000 lineal feet of drill cores, drilling each hole to a depth of 500 feet. The holes will be drilled on 800-foot centers in a grid pattern over an area approximating 6,500 x 2,400 feet, which encompasses an estimated volume equal to 500 million tons. The area represents approximately 8.5% of the entire 331 claimed area. The Company expects to drill a total of 75,000 lineal feet in three phases, with the first phase due to be completed at the end of this summer. The cores will be cut in half with half the cores to be warehoused, and the other half being submitted for assay simultaneously as drilling is conducted. Assay results will be released on a continuing basis along with check assay results. The Company has drilled a total of 10 holes to date to depths ranging between 200-400 feet, and obtained average gold values of all cores taken to date of .14 opt. The Company has previously confirmed the presence of gold on its Blackhawk property through a world recognized independent Mining Engineering Firm (see May 26, 1998 Press Release). If results to date continue to be substantiated through Intergold's detailed drilling program, and based on the Company's estimate of the project's inherent economies of scale, Intergold's ''Blackhawk Project'' could rival the Carlin microgold discovery in Nevada. The State of Nevada produced 10% of the world output for gold in 1996, and as a geographic producing area, the State is the third largest producer in the world. SOURCE: Intergold Corporation -----------------------------------------------------------------------