International Gold Resources Announces Its New Brazilian Gold Projects
Posted on: Monday, 15 May 2006, 09:02 CDT
International Gold Resources Inc. ("IGR") (OTCBB:IGRU) is pleased to announce its new Brazilian mineral projects:
-- Amapa. 55,000 hectares (135,000 acres) property with the potential for gold, copper, zinc, nickel and manganese. IGR's consulting geologist recommends the exploration program to commence immediately with a view to establishing drill targets. Numerous senior international mining companies are active in this area, with Goldcorp's Amapari gold production to the north and Eldorado's gold properties to the south.
-- Bahia. 20,000 hectares (50,000 acres) property with potential for gold, copper and iron in a favorable geological environment within the claim area. Senior international mining companies are active in this area. An systematic exploration program is planned for 2006, with a view to establishing drill targets.
-- Amazonas. 40,000 hectares (100,000 acres), multiple parallel structures with gold along the favorable geological structure for approximately 1.5 kilometers. A senior international gold company has expressed interest in this project. IGR plans an systematic exploration program to commence immediately with a view to establishing drill targets.
About International Gold Resources, Inc.
Our Lourenco area gold properties are comprised of approximately 210,000 hectares (520,000 acres), part of the Precambrian Guyana Shield. To date, over 50 million ounces of gold have been recovered in the Guyana Shield, the most prolific gold belt in South America. In total, including the new properties above, our Brazilian mineral properties are comprised of approximately 325,000 hectares (800,000 acres).
The statements in the press release that relate to the company's expectations with regard to the future impact on the company's results from new products or actions in development are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. The statements in this document may also contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Since this information may contain statements that involve risk and uncertainties and are subject to change at any time, the company's actual results may differ materially from expected results.
Source: Business Wire
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