International Gold Resources Inc. ("IGR") (OTCBB:IGRU) is pleased to announce that work has commenced on its Porto Grange project in Amapa State, Brazil. IGR Porto Grange claims block encompasses 55,000 hectares (135,000 acres) within the Vila Nova- Serra do Navio greenstones of Paleo-Proterozoic age in the southeast part of the Guiana Shield. This assemblage of the sedimentary, exhalative, and intrusive rock, is common with similar belts elsewhere in the Guiana Shield of Brazil, the Guainas, and Venezuela. These local greenstones historically have contained significant gold mineralization: in the Serra do Navio area, other mine companies include GoldCorp's Amapari Mine, with production plus reserves of 1.6 million oz, and the Santa Maria Mine currently being explored by Eldorado Gold. A world-class manganese deposit and significant chromite deposits also occur within the belt. IGR's contiguous claim block within the greenstone belt is midway between the Amapari and Santa Maria Mines. The existence of an east-west-trending regional "break" through the claim block is suspected and if confirmed, could have important metallogenic implications. IGR have commenced a comprehensive program of geological, geochemical and geophysical assessment of the gold potential within the claim block. The claim block is bisected by a road, and by the still-operative railroad, which served the former manganese mine. About International Gold Resources, Inc. The vision of International Gold Resources Inc. is to secure, explore, and develop properties in Brazil, and in the Yukon Territories, Canada. We are a junior mining company, 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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