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

To: Wayne who wrote (294)	12/4/1998 9:56:00 AM
From: Chuck Delo	Read Replies (2) \| Respond to of 405

Friday December 4, 9:30 am Eastern Time Company Press Release SOURCE: Intergold Corporation Intergold Corporation Announces Verification of Validity of Developed Analytical Procedures Report by Dames and Moore NEWPORT BEACH, Calif., Dec. 4 /PRNewswire/ -- On behalf of the Board of Directors, Intergold Corporation (''the Company'') announces: AuRIC Metallurgical Laboratories (''AuRIC'') has, and continues to provide fire and chemical assay testing on drill core samples from the Company's Blackhawk claims in the State of Idaho. Dames and Moore were retained by AuRIC Metallurgical Laboratories to provide independent verification of the procedures developed by AuRIC. AuRIC selected Dames & Moore's Chief Metallurgical Engineer, Richard A. Daniele to perform an independent evaluation of the analytical procedures used by AuRIC to determine the gold and silver content of core samples from the Idaho property. The following conclusions from section 3.0 of the November 30, 1998 report are reproduced below: VERIFICATION of VALIDITY of DEVELOPED ANALYTICAL PROCEDURES for the BLACKHAWK PROJECT November 30, 1998 3.0 CONCLUSIONS Dames & Moore performed an on site audit of the AuRIC Metallurgical Laboratories facility in Salt Lake City, Utah on November 16 and 17, 1998 for verification of validity of developed analytical procedures for the Blackhawk Project. The audit included observation of facility equipment, analytical procedures and practices, and review of an optical mineralogy and x-ray microscopy report. In addition to the on site audit, Dames & Moore has carefully reviewed AuRIC's Confidential fire assay and chemical assay procedures. Dames & Moore has also drawn on other recent experiences with two other firms that perform fire assays. Based on this information, Dames & Moore has drawn the following conclusions: * AuRIC Metallurgical Laboratories is well qualified to perform fire assay and chemical assay analyses for gold, silver, and other precious metals. * AuRIC's procedures follow the basic industry standards for fire assay analyses. * AuRIC's fire assay procedures are tailored to the specific requirements of the sample. They customize the flux in the fire assay fusion step to maximize the recovery of the precious metals in the lead button. Customizing a flux for a specific sample is the exception in fire assay laboratory practice. * AuRIC's clients have a distinct advantage in that Ahmet B. Altinay performs all the analytical work. This offers AuRIC's clients the advantage of Mr. Altinay's metallurgical expertise throughout the analyses procedure. This assures consistency in analytical results. * AuRIC, as part of their normal analytical procedure, often runs precious metal samples by two methods, fire assay and chemical assay. When results between fire and chemical assay do not match to a reasonable degree, AuRIC investigates the reason(s) for the discrepancy and adjusts their procedures to correct any deficiencies, if needed. * AuRIC has the necessary sample preparation equipment, test facilities, and analytical instrumentation to analyze an individual sample through pilot plant process control samples. 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 More Quotes and News: Intergold Corp (OTC BB:IGCO - news) Related News Categories: oil/energy