SCOTTSDALE, Ariz.,
Dec. 15, 2014 /PRNewswire/ --
Intertech Solutions Inc. (OTCPK: ITEC) ("Intertech Solutions
Inc.," "ITEC" or the "Company") today is very pleased to announce
further details on the Company's latest gold acquisition, the
Hunter Creek Project in Alaska.
The mine is located 75 miles northwest of Fairbanks, Alaska, within the Rampart Mining
District – one of Alaska's most
prolific gold producing areas and lies within the world famous
"Tintina Gold District".
An initial geological and engineering review has now been
completed on Hunter Creek. Hunter Creek holds large tonnage
potential on over its 13,600 acres of claims, containing 6
individual placer and "river bar" deposits present that can be
exploited over a strike length of 2.5 miles.
The preliminary tonnage calculations assumes a consistent pay
streak of 20 feet, and a channel width of 200 feet, now estimate a
minimum of over 3.3 million tons of gold bearing pay to be present
on the Hunter Creek section alone. This does not include any
calculations on the other 5 sections of bar deposits thus our
deposit tonnage will most likely be much higher once the full
analysis is complete. If the Hunter Creek grade is maintained at 4
grams per ton, the inferred resource may contain a minimum of
400,000 ounces of gold.
To fully exploit the large tonnage potential Hunter Creek, we
will be providing large scale heavy mining equipment capable of
moving at capacity up to 10,000 tons per day of pay to the plant.
We believe the existing plant can at a minimum run 5,000 tons per
day during the Y1 operating cycle,
and based on that produce a minimum of 50,000 ounces from the first
season of mining at Hunter Creek once our capital investment of
$5 Million USD has been completed.
Company President Rob McIntosh
states "With the preliminary analysis of the Hunter Creek portion
of the deposit complete, we now believe that an additional 400,000
ounces of gold is inferred which basically doubles the number of
ounces the Company has access to in our portfolio on both WPE
Arizona and Hunter Creek Alaska. We will finish our engineering
analysis and report the final results shortly, however this
preliminary study has produced results beyond our expectations as
our project continue to outperform initial due diligence."
About Intertech Solutions Inc. (OTCPK: ITEC)
Intertech Solutions is a fully integrated, gold project finance,
management and services consulting Company that provides
development capital, engineering, project supervision and technical
management to gold projects. The Company operates from its offices
in Scottsdale, Arizona. Visit us
at:www.itecgold.com
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements" as that
term is defined in Section 27A of the United States Securities Act
of 1933 and Section 21E of the Securities Exchange Act of 1934.
Statements in this press release which are not purely historical
are forward-looking statements and include any statements regarding
beliefs, plans, expectations or intentions regarding the future.
Such forward-looking statements include, among other things, scope
and type of consulting services provided by ITEC, use of proceeds,
future acquisitions, success of projects, growth and strategic
plans. Actual results could differ from those projected in any
forward-looking statements due to numerous factors. Such factors
include, among others, the inherent uncertainties associated with
petroleum exploration and development stage exploration companies.
These forward-looking statements are made as of the date of this
news release, and we assume no obligation to update the
forward-looking statements, or to update the reasons why actual
results could differ from those projected in the forward-looking
statements. Although we believe that the beliefs, plans,
expectations and intentions contained in this press release are
reasonable, there can be no assurance that such beliefs, plans,
expectations or intentions will prove to be accurate. Investors
should consult all of the information set forth herein and should
also refer to the risk factors disclosure outlined in our annual
report on Form 10-K for the most recent fiscal year, our quarterly
reports on Form 10-Q and other periodic reports filed from
time-to-time with the Securities and Exchange Commission.
ON BEHALF OF THE BOARD
Intertech Solutions Inc.
- - - - - - - - - - - - - - - - - -
Robert McIntosh
President, C.E.O.
To find out more about Intertech Solutions Inc. (OTCPK: ITEC),
visit our website at www.itecgold.com
Investor Relations:
+1-480-296-2065
investors@Intertechsolutionsinc.com
CIK: 0001548953
Confirmation: 1957550087
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SOURCE Intertech Solutions Inc.
