International Gold Resources Inc. ("IGR") (OTCBB:IGRU) is pleased to announce the findings of the first independent geological report on one of its Brazilian properties. This confirms the mineral resource and ultimately mineral reserves as part of the IGR portfolio of properties. IGR received a favorable geological report conducted by an independent Brazilian geologist, Mr. Jose Guimaraes Cavalcante. The report has been translated into English and the findings are summarized as follows: Based on the work done by Mr. Cavalcante at the tailings properties situated near Lourenco in Amapa State, there an estimated gold resource contained in the five tailings areas equivalent to 20,727261 cubic meters, with an average density of approximately 1.7 ton/m(3), which equates to 35,236343.7 tons. With the gold content varying between 0.8 to 1.1 grams per ton, total resource is estimated at 28,921408.8 grams of gold, or 930,000 ounces. The report goes on to recommend that IGR install a gravity flow plant to re-win the gold in these tailings. IGR has commissioned a recovery plant, which is in the final stages of construction. Upon completion, the plant will be shipped to Lourenco, where IGR plans to begin its gold recovery production. About International Gold Resources, Inc. The vision of International Gold Resources, Inc. (IGRU) is to secure, explore, and develop properties in Amapa State, Brazil. Our Brazilian mineral properties are comprised of approximately 210,000 hectares (520,000 acres) within the Brazilian Amapa belt, part of the Precambrian Guyana Shield. To date, over 50 million ounces of gold have been recovered in the Guyana Shield, the most prolific gold belt in South America. At this time, we are a junior mining firm, with both immediate and future production potential. The statements in the press release that relate to the company's expectations with regard to the future impact on the company's results from new products or actions in development are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. The statements in this document may also contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Since this information may contain statements that involve risk and uncertainties and are subject to change at any time, the company's actual results may differ materially from expected results.
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