Inter-Rock Nevada Mineral Property Update
October 12 2010 - 2:03PM
Marketwired
RNY Project
Inter-Rock Minerals Inc. (TSX VENTURE: IRO) ("Inter-Rock")
announces commencement of work on the first phase of a
track-mounted reverse circulation drill program at its wholly-owned
RNY Gold Project in Nevada (previously referred to as Sentinel
Peak). The Project recently received approval by the US Bureau of
Land Management for an exploration program under a Notice of
Operations. The RNY Project is located in Humboldt County,
approximately 80 miles north of Winnemucca, Nevada. Inter-Rock
holds 22 claims covering 440 acres. No royalties or lease payments
are associated with the property.
Road work to provide drill access to the project area has been
completed by Inter-Rock. Channel (10' to 15') sampling of bedrock
exposures in the recent road cuts yielded the following new
results.
-- Area 1:
125' of anomalous Au values (greater than 30 ppb).
15' continuous sample @ 0.015 oz/t (not included in above).
-- Area 2:
100' of anomalous Au values (greater than 30 ppb).
-- Area 3:
45' of anomalous Au values (greater than 30 ppb).
20' continuous sample @ 0.018 oz/t (not included in above).
3' @ 0.162 oz/t, adjacent to above.
3' vertical sample @ 0.036 oz/t, adjacent to above.
All of the areas sampled were well oxidized with strong
fracturing and iron oxide staining.
All analyses were performed by BSI-Inspectorate located in
Sparks, NV. The analyses were performed using fire assaying with AA
finish for Au, cold vapor/AA for Hg, and aqua regia digestion
followed by AA analysis for Ag, As, Cu, Pb, Sb, and Zn.
The drill program is designed to test for high-angle
structure-controlled epithermal gold mineralization as well as
stratigraphically/structurally controlled disseminated gold
mineralization. Both target types are suggested by the presence and
distribution of widespread, anomalous-to-ore grade gold values and
geochemical indicator element anomalies from rock and soil
samples.
A contract with Delong Drilling of Winnemucca, NV has been
executed and drilling is scheduled to commence by mid-October. A
series of reverse circulation holes will be drilled from several
sites.
In late 2008, Inter-Rock completed a soil sampling program at
RNY. A total of 230 samples were collected on a 100 foot grid at
both the northern section of the property and at the southern
boundary of a previously outlined anomalous gold zone. The
Inter-Rock soil sampling program confirmed the presence of three
anomalous (greater than 30 ppb Au) zones, where a gold anomaly was
defined as a zone containing several contiguous samples containing
greater than 30 ppb gold in soil. All three zones had been
identified as anomalous gold zones by Australian Ores and Minerals
(AOM) in their previous sampling program.
Previous mapping and interpretation revealed that the RNY gold
prospect occurs in and around a Cretaceous biotite granodiorite
stock that intruded a series of Permian metavolcanics and
metasediments. The stock is several thousand feet long. The stock
and Permian country rock were later intruded by latite porphyry
dikes. NE-SW and NW-SE shear structures with cross cutting faults
are also present in the stock. The Permian rocks are locally
hornfelsed and pyrrhotized adjacent to the biotite granodiorite and
latite porphyry intrusive bodies.
Both the intrusive and sediment/volcanic packages contain
numerous areas of cross-cutting veinlets, stockworks, and veins of
silica, calcite, and iron oxides. Hydrothermal alteration is
prevalent throughout the anomalous area with phyllic/argillic
alteration up to 50% quartz and 50% sericite.
AOM discovered gold mineralization at RNY in the 1990's by
follow-up field examination of a Geoscan Mk. II airborne
multispectral scanner anomaly. Their work comprised geological
mapping, a closely-spaced soil geochemical program, analysis of
rock chip, trenching (approx. 9800 feet) and road cut samples,
petrographic work, and ground geophysical studies. Approximately
984 soil samples on 100 foot grid spacing and 1,160 rock chip
samples in the area were collected and analyzed. The rock chip
geochemistry returned gold to 7.0 ppm, silver to 39 ppm, arsenic to
690 ppm, and mercury to 9.7 ppm. The soil samples showed gold up to
2.1 ppm with large areas of plus 100 ppb. One trench reportedly
revealed a zone of 90 feet grading 1.2 ppm gold. Inter-Rock
recently acquired copies of the original assay certificates from
AOM's work.
To date, there has been insufficient exploration at RNY 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.
Douglas H. McGibbon, MS Geol, a Certified Professional Geologist
(CPG) with the American Institute of Professional Geologists and a
Qualified Person under NI 43-101, has reviewed and approved the
technical content of this news release. Mr. McGibbon has worked in
exploration for gold and other commodities in Nevada and elsewhere
for over 30 years.
Other Business:
Inter-Rock Minerals Inc. is pleased to announce the appointment
of Ms. Kelly R. Mills to the position of Treasurer. Ms. Mills is
currently Secretary/Treasurer and Administrative Manager for
MIN-AD, Inc. a wholly owned subsidiary of Inter-Rock. She has been
involved with Inter-Rock for the past ten years and has more than
20 years experience in various positions within the mineral
industry.
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 labor 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) iro@on.aibn.com
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