SCOTTSDALE, Ariz., April 3, 2014 /PRNewswire/ -- Intertech
Solutions Inc. (OTC: ITEC) ("Intertech Solutions Inc.," "ITEC"
or the "Company") The Company is pleased to report that the Phase 1
mine site preparation was completed on March
21st at its WPE #1 and #2 gold claims located in
Quartzite, AZ.
The scope of work included gold pay zone excavation and road
widening to allow heavy equipment to access the back of the
property. The work was required to allow a large excavator to
prepare each of the five remaining test sites. Work crews bladed
off the top 4-8 feet at each test site exposing the pay layer where
the recoverable gold is contained. ITEC is encouraged to report
that we exposed the identical pay gravel layer that was uncovered
in our previous testing program at the other end of the claim. This
gives strong indication of a continuous pay gravel trend throughout
the length and width of our entire property.
Phase 2 of the program is scheduled to commence prior to the end
of March and will consist of further trenching of the 5 test
locations to a depth of 30 feet for full sampling of gold bearing
gravels to depth. The Company has now noted on surface the
presence of visible gold within exposed the "red" caliche layers
that had assayed over 2 grams per ton in prior sampling. Once the
trenching and sampling program is completed, it may potentially
double, or even triple the original estimates of one million in
situ tons on the first five acres of the 40 total acre claim
block.
Intertech's Consulting Geologist and Director, Robert McIntosh said, "Phase 1 has been
successful in removing low grade surface material to expose the
gold pay zone sampled in prior due diligence and earlier test
production programs. The presence of the iron stained caliche layer
below the 4 foot depth with visible gold is extremely significant
and indicates that we are on the pay gravels and will now excavate
to depth to confirm the entire width of the pay zone. Once
complete, calculations can be finalized as to the deposit size and
grade for mine planning purposes."
The WPE Claims #1 & #2 spatially located 7 miles south of
the Copperstone gold mine when in 1987 and 1993 Cyprus Gold
profitably open pit mined over 500,000 ounces of gold. American
Bonanza Corporation has just re-opened the Copperstone Mine for its
lode gold reserves. Former historic lode gold producers as the
Darling and Dome Basin Mines, which operated between 1900 and 1930,
are present as well as numerous turn of the century rudimentary
gold mining operations which are allocated immediately south of the
WPE #1 & #2 Claims.
Intertech Company President, David
Naylor, states, "The Company is on schedule with the
progress to date and we are very optimistic regarding the early
positive indications of a potential economically viable ore
body. We expect Phase 2 to be completed by early May in
conjunction with a fully compliant 43-101 engineering report to
fully delineate the gold resource on our WPE #1 & #2
Claims."
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.
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David Naylor
President
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
SOURCE Intertech Solutions Inc.
