SCOTTSDALE, Ariz., - (http://www.financialnewsmedia.com News Alert) - Intertech Solutions Inc. (OTC: ITEC) (OTC Pink: ITEC) (\"Intertech Solutions Inc.,\" \"ITEC\" or the \"Company\") today is very pleased to report that the Company has received the final gold sample assays for a complete set of results from the previously announced Phase 2 trenching and sampling program at its WPE #1 and #2 gold claims located in Quartzite, AZ.
The Company received certified assays as high as 193.872 grams per ton (5.757 ounces per ton) from excavated trench ore piles. Additionally, other multi-ounce assays include 163.354 g/t (4.852 opt), 109.428 g/t (3.250 opt), 79.697 g/t (2.367 opt) and 75.118 g/t (2.231 opt).
These high grade results reflect and confirm the presence of coarse gold nuggets and gold flakes in the ore as seen visually in samples and at the laboratory. The Company therefore has calculated two grades of the project from over 100 chip and muck samples acquired in the Phase 2 program, one cutting all samples that exceed one ounce per ton, to a value of one ounce, and an uncut grade. These samples have given two weighted average grades of 4.556 grams per ton (0.135 opt) cut to one ounce, and 9.974 grams per ton (0.296 opt) uncut.
The final assay results just received as well as the final calculated grade have more than surpassed our early projections of 2 grams of gold per ton. The cut grade of 4.556 grams per ton is more than double, and the uncut grade is nearly 5 times what we anticipated. We are now in the process of finalizing our third party engineering report that will confirm all the aforementioned work, and calculate our tonnage resource. This report is anticipated shortly.
Intertech\'s President and C.E.O. Rob McIntosh states \"The results of the Phase 2 evaluation program have far exceeded anything we anticipated, and by finding coarse gold nuggets reflected in the multi-ounce assays, can now project a very profitable, economically viable gold mine with tremendous upside. If the un-cut grade reflects the true value of the ground, we may be capable of generating 5 times the cash flow that previously imagined.\"
The WPE Claims #1-#4 claims are located in the Middlecamp Mining District in La Paz County, near Quartzite Arizona. The gold claims now cover...
$ITEC News - Intertech Solutions Receives Final Results with Multi-Ounce Gold Assays from WPE Project in Arizona
June 25, 2014 at 08:30 AM EDT
