SCOTTSDALE, Ariz., June 16, 2014 /PRNewswire/ --Intertech Solutions Inc. (OTC: ITEC) ("Intertech Solutions Inc.," "ITEC" or the "Company") today is pleased to report that the Company has staked and filed with the BLM two new mining claims which have potentially more than doubled the mineable gold resource at the WPE Project in Arizona.
The new claims, WPE #3 and WPE #4 are adjacent to and tie on directly north of our existing land which has been the focus of the ongoing Phase 2 exploration sampling program. These new claims contain the extensions of the alluvial channels, and possibly the source of the placer gold that we intend to exploit through mining. The same gold bearing alluvial materials that are found on the new claims are also present on the WPE #1 and WPE #2. From observing this trend we now believe that additional tonnage of mineable resource has been added to the project.
Intertech's President and C.E.O. Rob McIntosh states "The addition of the WPE #3 and #4 claims which are strike length extensions of our deposit will include more coarse gold nuggets as we approach the source of the gold. Both of these claims represent a very significant development for the Company, by way of increased in situ value, acreage, secured perimeter and extended mine life. If we encounter similar sample results in these new channels to what we are seeing in our trenching program, we will have added at least 100% more tonnage to the existing resource".
The WPE Claims #1 -#4 claims are located in the Middlecamp Mining District in La Paz County, near Quartzite Arizona. The placer gold claims now cover a total of 80 contiguous acres and have easy access between Phoenix and Palm Springs, CA along Interstate 10. The project is 7 miles south of the Copperstone gold mine when from 1987 to 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.
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.
Intertech Solutions Inc.
To find out more about Intertech Solutions Inc. (OTCPK: ITEC), visit our website at www.itecgold.com.
SOURCE Intertech Solutions Inc.