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

To: Robert Page who wrote (377)	3/2/1999 11:02:00 AM
From: Robert	Read Replies (1) \| Respond to of 405

INTERGOLD CORPORATION (OTC BB-IGCO) FOR IMMEDIATE RELEASE Newport Beach, California March 2, 1999 INTERGOLD CORPORPORATION REPORTS 5-FOOT ASSAY RESULTS On behalf of the Board of Directors, Intergold Corporation ("the Company") announces assay results with respect to their drilling program on the Blackhawk property 38 miles north of Twin Falls in the State of Idaho. The Company has previously reported average Gold and Silver assays of .090 and .190 ounces per ton ("OPT") respectively. These averages were based on 4,000 feet of vertically drilled HQ cores (eight holes) assayed at 50-foot intervals each to a depth of 500 feet. The Company is currently assaying these cores on 5-foot intervals. The mineralization is hosted by a relatively thick sequence of olivine rhyolite lavas of Pliocene age. These lavas exhibit an unequilibrated mineral assemblage and abundant partially digested crustal material in the form of quartzite and granite xenoliths indicative of a hybrid magma that may have been generated by mixing of molten crustal and mantle-derived materials. AuRIC Metallurgical Laboratories has completed 5-foot interval assays for core holes 98C-14, 98C-27, and 98C-25 with results provided in the table below: 5-FOOT ASSAYS - Average of Fire Assay Values Drill Core Number Gold Silver (Tr. Oz./short ton) (Tr. Oz./short ton) 98C-14 (0' to 500') 0.055 0.257 98C-27 (0' to 500') 0.051 0.260 98C-25 (0' to 500') 0.195 0.089 Average Over 1,500 feet 0.100 0.202 Hole 98C-25 reports average gold content of .195 OPT over the 500-foot vertical drill hole. Hole 98C-25 also reported average assay values of .838 OPT over an 85' section of the core from 300' to 385' in depth with individual assay values as high as 2.822 OPT. 5-FOOT INTERVAL ASSAY DATA - HQ VERTICAL DRILL CORES - 98C-14, 27, 25 (Troy Ounces per Short Ton) Precious AU AG AU AG AU AG Metal Core 98C-14 98C-14 98C-27 98C-27 98C-25 98C-25 Depth, (ft) (-5') 0.106 0.198 0.012 0.228 0.066 0.085 (-10') 0.111 0.181 0.006 0.262 0.077 0.080 (-15') 0.064 0.202 0.006 0.262 0.103 0.112 (-20') 0.114 0.210 0.024 0.252 0.071 0.080 (-25') 0.076 0.186 0.092 0.214 0.091 0.074 (-30') 0.073 0.217 0.006 0.320 0.083 0.077 (-35') 0.107 0.143 0.008 0.290 0.092 0.075 (-40') 0.111 0.210 0.011 0.335 0.012 0.061 (-45') 0.098 0.156 0.010 0.350 0.128 0.088 (-50') 0.059 0.177 0.071 0.281 0.107 0.086 (-55') 0.099 0.157 0.076 0.190 0.103 0.085 (-60') 0.133 0.145 0.063 0.213 0.057 0.069 (-65') 0.107 0.195 0.003 0.301 0.005 0.043 (-70') 0.116 0.182 0.004 0.266 0.035 0.050 (-75') 0.075 0.221 0.004 0.340 0.028 0.048 (-80') 0.047 0.257 0.015 0.335 0.020 0.046 (-85') 0.021 0.301 0.008 0.274 0.014 0.046 (-90') 0.038 0.298 0.005 0.255 0.020 0.047 (-95') 0.048 0.293 0.007 0.277 0.020 0.045 (-100') 0.048 0.306 0.007 0.301 0.028 0.045 5-FOOT INTERVAL ASSAY DATA - HQ VERTICAL DRILL CORES - 98C-14, 27, 25 (Troy Ounces per Short Ton) Precious AU AG AU AG AU AG Metal Core 98C-14 98C-14 98C-27 98C-27 98C-25 98C-25 Depth, (ft) (-105') 0.022 0.318 0.069 0.301 0.256 0.071 (-110') 0.024 0.342 0.013 0.259 0.030 0.048 (-115') 0.027 0.277 0.010 0.296 0.028 0.048 (-120') 0.022 0.270 0.121 0.161 0.025 0.047 (-125') 0.024 0.272 0.093 0.171 0.051 0.088 (-130') 0.017 0.303 0.097 0.167 0.033 0.071 (-135') 0.087 0.201 0.095 0.199 0.029 0.075 (-140') 0.014 0.266 0.094 0.176 0.040 0.070 (-145') 0.009 0.271 0.056 0.228 0.023 0.083 (-150') 0.011 0.259 0.203 0.153 0.019 0.069 (-155') 0.077 0.193 0.188 0.132 0.076 0.069 (-160') N/Rec. N/Rec. 0.256 0.292 0.032 0.066 (-165') 0.019 0.293 0.106 0.182 0.027 0.060 (-170') 0.015 0.301 0.081 0.181 0.026 0.060 (-175') 0.010 0.306 0.064 0.258 0.030 0.070 (-180') 0.013 0.337 0.018 0.336 0.021 0.066 (-185') 0.005 0.311 0.052 0.274 0.054 0.081 (-190') 0.008 0.292 0.090 0.246 0.053 0.085 (-195') N/Rec. N/Rec. 0.072 0.238 0.055 0.085 (-200') 0.041 0.265 0.089 0.199 0.051 0.083 (-205') 0.009 0.303 0.027 0.363 0.046 0.080 (-210') 0.005 0.283 0.024 0.286 0.055 0.082 (-215') 0.064 0.246 0.026 0.274 0.028 0.061 (-220') 0.032 0.284 0.046 0.320 0.030 0.061 (-225') 0.034 0.292 0.017 0.275 0.026 0.055 (-230') 0.005 0.367 0.032 0.208 0.022 0.055 (-235') 0.007 0.313 0.044 0.218 0.031 0.063 (-240') 0.005 0.323 0.017 0.265 0.038 0.065 (-245') 0.020 0.326 0.016 0.224 0.048 0.091 (-250') 0.069 0.261 0.016 0.274 0.051 0.090 (-255') 0.032 0.284 0.068 0.208 0.061 0.101 (-260') 0.020 0.350 0.021 0.287 0.046 0.089 (-265') 0.024 0.310 0.052 0.218 0.048 0.091 (-270') 0.024 0.286 0.065 0.239 0.058 0.100 (-275') 0.034 0.252 0.043 0.231 0.102 0.173 (-280') 0.037 0.287 0.013 0.231 0.047 0.089 (-285') 0.020 0.340 0.027 0.259 0.049 0.091 (-290') 0.106 0.224 0.050 0.274 0.046 0.078 (-295') 0.018 0.276 0.276 0.286 0.036 0.077 (-300') 0.121 0.235 0.094 0.180 0.706 0.121 (-305') 0.099 0.244 0.019 0.267 0.101 0.090 (-310') 0.010 0.322 0.021 0.255 2.095 0.213 (-315') 0.012 0.290 0.009 0.277 1.842 0.202 (-320') 0.048 0.292 0.013 0.273 0.995 0.185 (-325') 0.011 0.349 0.011 0.281 0.108 0.171 (-330') 0.007 0.319 0.022 0.268 0.537 0.117 (-335') 0.008 0.392 0.053 0.235 0.067 0.091 (-340') 0.006 0.364 0.017 0.317 1.067 0.189 (-345') 0.011 0.377 0.020 0.220 0.180 0.180 (-350') 0.097 0.261 0.022 0.202 0.427 0.115 (-355') 0.097 0.231 0.009 0.303 0.115 0.101 (-360') 0.098 0.184 0.011 0.263 0.115 0.098 5-FOOT INTERVAL ASSAY DATA - HQ VERTICAL DRILL CORES - 98C-14, 27, 25 (Troy Ounces per Short Ton) Precious AU AG AU AG AU AG Metal Core 98C-14 98C-14 98C-27 98C-27 98C-25 98C-25 Depth, (ft) (-365') 0.005 0.255 0.056 0.260 0.537 0.135 (-370') 0.004 0.252 0.034 0.250 0.493 0.187 (-375') 0.101 0.255 0.020 0.300 2.822 0.232 (-380') 0.099 0.165 0.057 0.271 2.746 0.230 (-385') 0.048 0.294 0.052 0.274 0.125 0.095 (-390') 0.053 0.225 0.015 0.291 0.085 0.100 (-395') 0.048 0.278 0.018 0.330 0.096 0.108 (-400') 0.066 0.234 0.019 0.295 0.074 0.098 (-405') 0.071 0.235 0.079 0.267 0.095 0.103 (-410') 0.050 0.252 0.037 0.301 0.186 0.111 (-415') 0.042 0.264 0.028 0.318 0.063 0.089 (-420') 0.098 0.212 0.046 0.290 0.093 0.095 (-425') 0.122 0.174 0.080 0.286 0.064 0.088 (-430') 0.066 0.270 0.049 0.271 0.066 0.087 (-435') 0.038 0.302 0.026 0.292 0.043 0.081 (-440') 0.039 0.215 0.233 0.253 0.040 0.072 (-445') 0.098 0.236 0.073 0.265 0.028 0.063 (-450') 0.123 0.177 0.085 0.231 0.046 0.077 (-455') 0.038 0.270 0.065 0.239 0.032 0.063 (-460') 0.131 0.209 0.083 0.193 0.028 0.063 (-465') 0.126 0.188 0.046 0.266 0.026 0.061 (-470') 0.076 0.258 0.045 0.281 0.059 0.070 (-475') 0.188 0.134 0.032 0.276 0.164 0.091 (-480') 0.113 0.195 0.068 0.264 0.034 0.063 (-485') 0.115 0.213 0.065 0.247 0.025 0.060 (-490') 0.021 0.259 0.052 0.262 0.029 0.061 (-495') 0.004 0.225 0.042 0.288 0.022 0.060 (-500') 0.081 0.208 0.054 0.300 0.027 0.059 AVERAGE 0.055 0.257 0.051 0.259 0.195 0.089 OPT (*N/Rec.= Core Not Recovered) 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. ____________ Contact: Intergold Investor Relations E-mail: investor@intergoldcorp.com Phone: (888) 848-7377 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.