SCOTTSDALE, Arizona,
April 17, 2014 /PRNewswire/ --
Intertech Solutions Inc. (OTC: ITEC) ("Intertech
Solutions Inc.," "ITEC" or the "Company") The Company is pleased to
report that the four primary trenches with depths of 27 to 30 feet,
as allowed by the BLM, are completed on its WPE #1 and #2 gold
claims located in Quartzite, AZ. The conclusion of this trenching
work was facilitated by the previously completed site preparation
and improvements to the road to allow heavy equipment access to the
entire property.
The secondary trench testing and sampling is currently in
progress and will provide the material for assays to be used in the
fully compliant engineering report. Visible gold showings are
continuing to be found in numerous samples taken from surface down
to depth of 30 feet. Preliminary calculations based on the land
survey and trending of the resource with hematite and visible gold
are indicating the initial estimated placer gold reserves of 2.5
million tons are more likely to be in the 5 to 7 million ton range.
The three new shear zones were discovered during this trenching
phase are increasing the likelihood of a new lode source discovery
on the property in addition to the existing alluvials. These
veinular quartz formations have visible gold present.
Intertech's Consulting Geologist and Director, Robert McIntosh said "It is good to be onsite
again with my crew to obtain the samples required for the assays
and metallurgical analysis. All safety precautions are being taken
as we sample down to depth of 30 feet in the trenches. In my
opinion, the earth exposed in the trenches with its reddish brown
ferrous material containing hematite further confirms the presence
of an economic gold resource trending throughout the entire
property. This is in addition to the visible gold and flecks
that I removed by hand from a previous site inspection."
Intertech Company President, David
Naylor, states "by this Friday April
18 all of the 200 plus samples taken from the four trenches
on the WPE #1 and #2 Claims will be in transit to the lab in
Phoenix for complete metallurgical
assays. Prior to the end of May the Company will have a fully
compliant engineering report prepared and signed by a Qualified
Person. This is the final step before we commence full on to
complete the mine plan and obtain all required permitting to begin
operations on our 1,000 ton per day placer gold mining
operation."
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.
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: http://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 http://www.itecgold.com
Investor Relations:
1-480-296-2065
investors@Intertechsolutionsinc.com
SOURCE Intertech Solutions Inc.