IGC Resources Inc.: Latest Drilling at Jinka's Hill Deposit Intercepts High-Grade Mineralisation Including 8 Metres at 14.5gpt '0.47opt' with 1 Metre of 41.6gpt '1.34opt'.VANCOUVER Vancouver, city, Canada Vancouver, city (1991 pop. 471,844), SW British Columbia, Canada, on Burrard Inlet of the Strait of Georgia, opposite Vancouver Island and just N of the Wash. border. , British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography -- IGC (Integrated Graphics Controller) The inclusion of the video display circuitry on the motherboard. An IGC is typically contained in the chipset, such as the Northbridge. See integrated graphics and IGP. IGC - Institute for Global Communications Resources Inc. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:IGC) ("IGC"), www.igcresources.com, is pleased to announce the results received to date from the first phase exploration drilling program being carried out at IGC's Blackburn Blackburn, city (1991 pop. 109,564) and district, Lancashire, NW England. It was formerly a great cotton-weaving center, noted especially for calicoes. Textiles are still important; other industries produce engineering equipment, electronic components, beer, felt, Gold Project, Western Australia Western Australia, state (1991 pop. 1,409,965), 975,920 sq mi (2,527,633 sq km), Australia, comprising the entire western part of the continent. It is bounded on the N, W, and S by the Indian Ocean. Perth is the capital. , targeting the northern shoot of the Jinka's Hill deposit. Mineralisation at Jinka's Hill is considered to be part of a series of high-grade High-grade Credit quality of AAA or AA. high-grade Of, relating to, or being a bond with little risk of default on the part of the issuer. High-grade is usually reserved for bonds rated AAA or AA by the rating services. northeast “Northeastern” redirects here. For the Boston college, see Northeastern University, Boston. Northeast or north east is the ordinal direction halfway between north and east. It is the opposite of southwest. See boxing the compass. trending shoots within a greater than 20 kilometre northwest For names and places containing the slightly longer word 'northwestern' (or variants), see . Northwest or north west is the ordinal direction halfway between north and west on a compass. It is the opposite of southeast. trending mineralised corridor. Newmont's Boddington Places called Boddington include:
Perth, city (1991 pop. 1,018,702), capital of Western Australia, SW Australia, on the Swan River estuary. Fremantle is Perth's port. ) of the Blackburn Gold Project and the gold mines of the prolific Southern Cross/Kalgoorlie Belt are to the east. Similarities in the geological ge·ol·o·gy n. pl. ge·ol·o·gies 1. The scientific study of the origin, history, and structure of the earth. 2. The structure of a specific region of the earth's crust. 3. A book on geology. setting and the presence of a quartz monzonite Quartz monzonite is an intrusive igneous rock that has an approximately equal proportion of orthoclase and plagioclase feldspars. The plagioclase is typically intermediate to sodic in composition, andesine to oligoclase. Quartz is present in significant amounts. intrusive in·tru·sive adj. 1. Intruding or tending to intrude. 2. Geology Of or relating to igneous rock that is forced while molten into cracks or between other layers of rock. 3. Linguistics Epenthetic. similar to the Boddington Mine provide the possibility for the discovery of another gold-copper porphyry Porphyry, Greek scholar Porphyry (pôr`fĭrē), c.232–c.304, Greek scholar and Neoplatonic philosopher. He studied rhetoric under Cassius Longinus and philosophy under Plotinus. ore ore, metal-bearing mineral mass that can be profitably mined. Nearly all rock deposits contain some metallic minerals, but in many cases the concentration of metal is too low to justify mining the ore. body at the Blackburn Gold Project. The drilling program consisted of 1200 metres of reverse circulation ("RC") drilling which focused on extensions to the northern shoot, both along strike and down dip dip, in agriculture, method of treating animals (chiefly livestock) infested with skin parasites such as mites, ticks, and warbles. The animal is dipped into or forced to swim through a tank filled with an insecticide solution. , with the intention of defining the nature and extent of the known high-grade gold. The shoot is currently considered as a potential underground mine proposition. This drilling is part of an initial 5,000 metre metre In poetry, the rhythmic pattern of a poetic line. Various principles have been devised to organize poetic lines into rhythmic units. Quantitative verse, the metre of Classical Greek and Latin poetry, measures the length of time required to pronounce syllables, RC program designed to test the extent of three shoots proposed to exist at Jinka's Hill itself. The following table summarises the RC drill results. While all 12 holes intercepted the mineralised plane, more than half of the holes had intercepts greater than 5 grams over 2 metre widths. (See Location Map on our website or www.sedar.com, the Location Map is also available at the following link http://www2.ccnmatthews.com/database/fax/2000/IGC0317.jpg)
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Intercept
width Grade
Hole No. (Metres) (Grams/Tonne) Interval
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JRC50 2 8.7 from 60 metres including
1 metre @ 12.7 g/t
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JRC52 3 7.5 from 87 metres
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JRC54 1 8.4 from 99 metres
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JRC56 4 5.8 from 90 metres and 1 metre @
6.14 g/t from 100 metres
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JRC57 8 14.5 from 98 metres including 1 metre @
41.6 g/t and 1 metre @ 27.6 g/t
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JRC59 4 8.8 from 98 metres including
1 metre @ 16.9 g/t
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Holes JRC JRC abbr. Junior Red Cross 57, JRC59 and JRC60 in particular demonstrate that the shoot continues to be well developed and is open both along strike and down dip. The intersection intersection /in·ter·sec·tion/ (-sek´shun) a site at which one structure crosses another. intersection a site at which one structure crosses another. of high-grade mineralisation within the drilling supports IGC's previous exploration model and demonstrates to us that the orientation orientation, in architecture, the disposition of the parts of a building with reference to the points of the compass. From remote antiquity the traditional belief in the efficacy of religious ceremonials performed at dawn toward the rising sun has influenced the of the shoot is both well understood and geologically ge·ol·o·gy n. pl. ge·ol·o·gies 1. The scientific study of the origin, history, and structure of the earth. 2. The structure of a specific region of the earth's crust. 3. A book on geology. predictable. To date, over 200 metres of continuous high-grade shoot have been identified trending away from the northern end of the historical open pit and referred to as the northern shoot. The Jinka's Hill shoots are three of many postulated pos·tu·late tr.v. pos·tu·lat·ed, pos·tu·lat·ing, pos·tu·lates 1. To make claim for; demand. 2. To assume or assert the truth, reality, or necessity of, especially as a basis of an argument. 3. shoots considered to have developed along the Badgebup mineralised trend. This trend extends for over 20 kilometres centered on the Jinka's Hill deposit. IGC believes that the latest drill results not only demonstrate the potential for substantial mineralisation within the Jinka's Hill area itself, but also suggests the 20 kilometres of mineralised corridor has the potential to host additional significant high-grade mineralisation. Further RC drilling is scheduled to test the other shoots in close proximity PROXIMITY. Kindred between two persons. Dig. 38, 16, 8. to the Jinka's Hill project area and a diamond drilling Diamond Drilling is a highly specialized industry used for mineral exploration around the world. Most commonly using wireline and core bits with diamond encrusted matrix. To drill holes to max depths of twelve thousand feet, for the recovery of core used in verifying mineral program for metallurgical met·al·lur·gy n. 1. The science that deals with procedures used in extracting metals from their ores, purifying and alloying metals, and creating useful objects from metals. 2. testwork is proposed at the Jinka's Hill northern shoot. We will also be performing regional exploration to determine and evaluate further targets along the mineralised corridor; prepare metallurgical test work as a precursor precursor /pre·cur·sor/ (pre´kur-ser) something that precedes. In biological processes, a substance from which another, usually more active or mature, substance is formed. In clinical medicine, a sign or symptom that heralds another. to mining; and undertake a scoping study aimed at beginning production from currently known high-grade underground deposits within two years from acquisition.
RESULTS:
Mineralised intercepts greater than 1g/t gold:
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Hole From To Au
JRC# (metres) (metres) (avg) Au1 Au2 Au3
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51 37 38 3.84 3.12 4.58 3.83
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64 65 2.15 2.11 2.19
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69 70 2.28 2.37 2.18
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52 86 87 1.72 1.74 1.69
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87 88 9.70 7.51 14.54 7.04
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88 89 6.31 4.2 7.8 6.94
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89 90 6.52 5.57 6.94 7.06
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90 91 2.13 2.15 2.1
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53 58 59 3.71 3.99 3.43
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61 62 1.52 1.52
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66 67 1.44 1.44
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70 71 1.08 1.08
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71 72 4.42 4.73 4.11
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72 73 4.74 5.42 4.11 4.68
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89 90 2.18 2.1 2.67 1.76
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92 93 3.58 3.28 3.87
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110 111 1.24 1.24
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54 62 63 1.07 1.06 1.07
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99 100 8.37 8.15 9.69 7.26
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122 123 1.09 1.02 1.15
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55 54 55 2.43 2.38 2.47
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100 101 2.46 2.29 3.03 2.05
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56 50 51 1.58 1.58
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57 58 1.52 1.52
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58 59 3.44 1.91 6.4 2.01
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82 83 1.41 2.47 0.69 1.06
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87 88 1.02 1.02
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90 91 3.72 3.68 3.76
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91 92 9.34 5.69 8.17 14.17
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93 94 7.11 9.07 6.47 5.78
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94 95 3.40 3.13 3.66
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95 96 3.99 5.53 2.83 3.60
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99 100 1.05 1.05
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100 101 6.14 3.61 10.74 4.07
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101 102 1.70 1.7
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106 107 1.03 1.03
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57 51 52 1.48 1.48
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53 54 1.22 1.22
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88 89 1.05 1.05
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89 90 1.98 1.98
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92 93 4.00 4.0
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96 97 1.51 1.51
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97 98 1.16 1.16
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98 99 27.56 26.94 28.17
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99 100 3.24 3.63 2.79 3.41
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100 101 14.15 14.48 13.32 14.65
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101 102 7.38 7.18 7.57
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102 103 6.29 6.94 5.86 6.07
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103 104 41.57 48.63 33.46 42.61
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104 105 8.60 7.90 6.90 10.99
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105 106 6.84 6.83 6.85
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58 49 50 2.54 2.10 2.97
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50 51 1.51 1.51
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80 81 2.53 2.53
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82 83 1.42 1.42
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85 86 1.45 1.45
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86 87 5.54 5.47 5.60
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59 32 36 1.07 1.07
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52 53 2.30 2.30
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87 88 1.09 1.09
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88 89 7.75 6.28 11.05 5.91
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94 95 2.87 2.87
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97 98 2.66 2.66
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98 99 16.91 16.45 17.36
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99 100 6.23 6.78 4.91 6.99
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100 101 3.40 3.62 3.17
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101 102 8.52 11.47 5.7 8.4
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102 103 1.43 1.43
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60 90 91 3.71 3.99 3.43
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93 94 1.52 1.52
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98 99 1.44 1.44
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102 103 1.08 1.08
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103 104 4.42 4.73 4.11
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104 105 4.74 5.42 4.11 4.68
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121 122 2.18 2.10 2.67 1.76
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124 125 3.58 3.28 3.87
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Collar information:
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Azimuth-
Magnetic
Hole Northing Easting North Dip Length
JRC# (metres) (metres) (degrees) (degrees) (metres)
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50 6288339 584106 243 -60 70
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51 6288364 584115 243 -60 70
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52 6288379 584140 0 -90 119
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53 6288357 584147 0 -90 119
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54 6288407 584159 0 -90 131
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55 6288419 584155 0 -90 131
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56 6288442 584136 0 -90 131
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57 6288452 584154 243 -60 118
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58 6288457 584121 243 -60 94
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59 6288480 584139 243 -60 118
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60 6288479 584145 0 -90 131
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Notes:
1) All drill holes by Reverse Circulation
2) All samples collected by riffle splitter
3) Assayed intervals 1metre
4) Assaying conducted by independent laboratories. All 1 metre assays
performed by Genalysis, Perth, Western Australia
5) Analytical method standard 50 grams lead collection fire assay
6) Assays reported to 3 significant figures within the limits of
0.01 g/t analytical precision
7) Standard, blanks and field duplicates routinely inserted with
product samples submitted to laboratories on a systematic basis.
Sampling supervised and quality control results periodically
reviewed by independent consultants.
8) Interval widths are not necessarily true widths and no intervals
have been amended to represent true thickness.
9) AU2 and AU3 are repeat assays taken to check sample assay
variability. Au1 is the original assay, and Au (average) is
arithmetic average of all sample and repeat assays completed.
Information in this announcement pertaining per·tain intr.v. per·tained, per·tain·ing, per·tains 1. To have reference; relate: evidence that pertains to the accident. 2. to exploration results was compiled by Mr. D. Holden Holden, town (1990 pop. 14,628), Worcester co., central Mass., a residential suburb of Worcester; settled 1723, set off and inc. 1741. Manufactures include electrical and metal products, plastics, and machinery. , a director of IGC, who is a Member of the AusIMM and a "Qualified Person" under Canadian Canadian (kənā`dēən), river, 906 mi (1,458 km) long, rising in NE New Mexico. and flowing E across N Texas and central Oklahoma into the Arkansas River in E Oklahoma. National Instrument 43-101 - Standards of Disclosure for Mineral Projects, with not less than 5 years experience in the relevant fields, and who consents to the report appearing in the form and context in which it appears. No stock exchange, securities commission or other regulatory authority Noun 1. regulatory authority - a governmental agency that regulates businesses in the public interest regulatory agency administrative body, administrative unit - a unit with administrative responsibilities has approved or disapproved the information contained herein. IGC's principal business activities are the exploration, development and, if warranted, mining of the Blackburn Gold Project and, provided that the tenements applied for are granted, exploration of the Fraser Fraser, river, Canada Fraser, chief river of British Columbia, Canada, c.850 mi (1,370 km) long. It rises in the Rocky Mts., at Yellowhead Pass, near the British Columbia–Alta. line and flows northwest through the Rocky Mt. Range copper/gold/uranium Project and the Uaroo uranium uranium (y  rā`nēəm), radioactive metallic chemical element; symbol U; at. no. 92; at. wt. 238.0289; m.p. 1,132°C;; b.p. 3,818°C;; sp. gr. 19. prospect in Western Australia. IGC also holds a 100% interest in the
Narrows Claims, a gold/platinum/palladium prospect located in the
Shebandowan Area of Ontario Ontario, city, United StatesOntario, city (1990 pop. 133,179), San Bernardino co., S Calif., near Los Angeles, in a region of vineyards; inc. 1891. . IGC continues to investigate other mineral resource prospects for potential acquisition. On Behalf of the Board of Directors of IGC RESOURCES INC. "Clive Hartz" Clive R. Hartz, President and CEO Statements in this release may constitute forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. which involve known and unknown inherent risks and uncertainties that are detailed in IGC's periodic filings with Canadian securities regulators. Given these risks and uncertainties, investors should not place undue reliance on forward-looking statements as a prediction "Prediction is very difficult, especially if it's about the future." - Niels Bohr A prediction is a statement or claim that a particular event will occur in the future in more certain terms than a forecast. of actual results. Actual events or results could differ materially from IGC's expectations and projections. 12.5 million shares outstanding The TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. does not accept responsibility for the adequacy or accuracy of this release. IGC Resources Inc. (TSX VENTURE:IGC) |
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