Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Robert Page who wrote (381)	3/8/1999 9:35:00 AM
From: Robert	Respond to of 405

INTERGOLD CORPORATION (OTC BB-IGCO) FOR IMMEDIATE RELEASE Newport Beach, California March 8, 1999 INTERGOLD CORPORPORATION REPORTS FURTHER 5-FOOT ASSAY RESULTS On behalf of the Board of Directors, Intergold Corporation ("the Company") announces further 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 is currently assaying its latest drill cores on 5-foot intervals, and has previously provided information on three of eight cores. To date, the highest assay values were reported in core 98C-25. Core 98C-25 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. The Company announces the completion of 5-foot interval testing on Core #98C-16 that has produced average Gold and Silver values of .076 and .141 ounces per short ton respectively. Assays were conducted by AuRIC Metallurgical Laboratories. The average assay values of the four 500-foot vertical HQ cores at 5-foot intervals provided to date are shown in the table below. Drill Core Number Gold (Tr. Oz./short ton) Silver (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 98C-16 (0' to 500') 0.076 0.141 Average Over 2,000 feet 0.094 0.187 (398 Total Assays) The detailed fire assay data on 5-foot intervals is shown below: 5-FOOT INTERVAL ASSAY DATA HQ VERTICAL DRILL CORES 98C-16 98C-16 (Troy Ounces per Short Ton) Precious Metal AU AG Core Depth (ft) 98C-16 98C-16 (-5') N. Rec N. Rec (-10') N. Rec N. Rec (-15') 0.063 0.210 (-20') 0.105 0.188 (-25') 0.132 0.189 (-30') 0.083 0.170 (-35') 0.059 0.178 (-40') 0.087 0.181 (-45') 0.062 0.152 (-50') 0.102 0.213 (-55') 0.074 0.200 (-60') 0.044 0.168 (-65') 0.064 0.173 (-70') 0.161 0.215 (-75') 0.116 0.207 (-80') 0.069 0.165 (-85') 0.063 0.161 (-90') 0.068 0.166 (-95') 0.056 0.198 (-100') 0.098 0.238 5-FOOT INTERVAL ASSAY DATA - HQ VERTICAL DRILL CORES - 98C-16 (Troy Ounces per Short Ton) Precious Metal AU AG Core Depth (ft) 98C-16 98C-16 (-105') 0.055 0.186 (-110') 0.062 0.187 (-115') 0.064 0.189 (-120') 0.071 0.193 (-125') 0.055 0.177 (-130') 0.050 0.170 (-135') 0.043 0.161 (-140') 0.091 0.178 (-145') 0.053 0.163 (-150') 0.042 0.160 (-155') 0.041 0.132 (-160') 0.042 0.132 (-165') 0.058 0.141 (-170') 0.037 0.138 (-175') 0.060 0.182 (-180') 0.307 0.202 (-185') 0.034 0.111 (-190') 0.106 0.181 (-195') 0.039 0.117 (-200') 0.079 0.198 (-205') 0.038 0.121 (-210') 0.045 0.128 (-215') 0.044 0.128 (-220') 0.033 0.120 (-225') 0.247 0.207 (-230') 0.082 0.173 (-235') 0.046 0.126 (-240') 0.065 0.127 (-245') 0.043 0.126 (-250') 0.055 0.199 (-255') 0.048 0.125 (-260') 0.053 0.127 (-265') 0.021 0.121 (-270') 0.039 0.123 (-275') 0.039 0.122 (-280') 0.061 0.127 (-285') 0.079 0.129 (-290') 0.092 0.313 (-295') 0.070 0.124 (-300') 0.097 0.127 (-305') 0.089 0.124 (-310') 0.192 0.145 (-315') 0.206 0.156 (-320') 0.078 0.100 (-325') 0.068 0.089 (-330') 0.099 0.093 (-335') 0.067 0.083 (-340') 0.038 0.064 (-345') 0.041 0.066 (-350') 0.048 0.066 (-355') 0.097 0.165 (-360') 0.046 0.065 5-FOOT INTERVAL ASSAY DATA - HQ VERTICAL DRILL CORES - 98C-16 (Troy Ounces per Short Ton) Precious Metal AU AG Core Depth (ft) 98C-16 98C-16 (-365') 0.035 0.060 (-370') 0.054 0.071 (-375') 0.045 0.068 (-380') 0.041 0.063 (-385') 0.078 0.068 (-390') 0.157 0.163 (-395') 0.056 0.071 (-400') 0.033 0.060 (-405') 0.096 0.121 (-410') 0.043 0.088 (-415') 0.053 0.091 (-420') 0.094 0.116 (-425') 0.300 0.237 (-430') 0.117 0.212 (-435') 0.056 0.091 (-440') 0.075 0.107 (-445') 0.080 0.109 (-450') 0.043 0.104 (-455') 0.088 0.127 (-460') 0.054 0.114 (-465') 0.045 0.106 (-470') 0.099 0.121 (-475') 0.063 0.098 (-480') 0.060 0.096 (-485') 0.068 0.098 (-490') 0.046 0.090 (-495') 0.092 0.128 (-500') 0.109 0.147 AVERAGE OPT 0.076 0.141 (*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.