Inter-Rock Minerals Inc.: Stingaree Valley Mineral Property Update
February 12 2009 - 1:49PM
Marketwired
Inter-Rock Minerals Inc. (TSX VENTURE: IRO) ("Inter-Rock") is
pleased to announce that it has completed a Phase 1 drilling
program at its Stingaree Valley property in Churchill County,
Nevada. The property is located in a valley floor between the
historic Chalk Mountain and Westgate mining districts.
In the fall of 2008, Inter-Rock identified a total of fourteen
drill targets based on (1) an analysis of gravity and induced
polarization surveys ("IP") that were conducted by Inter-Rock in
the spring of 2008, (2) a review of historical drill data from the
J.R. Simplot Company and (3) mapping and historical geophysical
work. The Simplot data dates from the late 1960's and early
1970's.
The gravity survey indicated a broad high that extends 1.5 to 2
kilometers to the southeast of Chalk Mountain and is interpreted to
be an area of shallow (30m feet to 50m) pre-Tertiary rock lying
beneath alluvial cover.
The IP/resistivity survey detected a zone of highly anomalous IP
response that defined a north-easterly trending zone that crosses
the area of shallow pre-Tertiary rock. The IP anomaly is associated
with a gravity gradient and a strong lateral resistivity contrast
that suggests a significant structural feature along the western
side of the IP anomaly. The anomaly is open to both the north and
south and extends to the east at greater depth. The existence of a
coincident reported historical spontaneous potential anomaly made
this a priority target.
The anomaly may define a potential host rock if it is due to a
carbonaceous unit such as a calcareous siltstone or silty
limestone. The north-easterly trending structure and possible
structural block, as indicated by the gravity high, present a
potential target with respect to structurally and/or
lithologically-controlled gold mineralization. Intrusive rocks
known to occur within a short distance may have provided a heat
source for mineralization.
Phase 1 comprised three reverse circulation holes. The holes
were selected to (1) test the IP anomaly, (2) target a projection
of the IP anomaly and an historical spontaneous potential anomaly,
and (3) to duplicate a drill hole drilled by Simplot that is
believed to have returned a significant gold assay. In addition,
the holes will help refine the Company's geological understanding
of the property. Two of the holes were drilled to a depth of
approximately 800 feet, while the third was designed to evaluate a
shallower feature at 400 feet in depth.
During drilling, duplicate samples of drill cuttings were
collected on 5-foot down-hole intervals and bagged to be used for
assaying and reference, with smaller, washed sub-samples placed in
chip trays to be used for geological logging. The samples were
securely stored and the chip tray splits have been logged. Samples
will be submitted to a commercial ISO-certified laboratory for
assaying and geochemical analysis that will aid with detailed
planning of the second-phase of the exploration program.
To date, there has been insufficient exploration to define a
mineral resource and Inter-Rock cautions that there is a risk that
further exploration will not result in the delineation of a
resource.
Certain information regarding Inter-Rock including management's
assessment of future plans and operations, may constitute
forward-looking statements under applicable securities laws and
necessarily involve risks associated with mining exploration and
development, volatility of prices, currency fluctuations,
imprecision of resource estimates, environmental and permitting
risks, access to labour and services, competition from other
companies and ability to access sufficient capital. As a
consequence, actual results may differ materially from those
anticipated in the forward-looking statements.
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release.
Contacts: Inter-Rock Minerals Inc. Michael B. Crombie, Ph.D.
President (416) 367-3003 (416) 367-3638 (FAX) Email:
iro@on.aibn.com
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