SCOTTSDALE, Ariz., June 25,
2014 /PRNewswire/ -- Intertech Solutions Inc. (OTC: ITEC)
(OTC Pink: ITEC) ("Intertech Solutions Inc.," "ITEC" or the
"Company") today is very pleased to report that the Company has
received the final gold sample assays for a complete set of results
from the previously announced Phase 2 trenching and sampling
program at its WPE #1 and #2 gold claims located in Quartzite,
AZ.
The Company received certified assays as high as 193.872 grams
per ton (5.757 ounces per ton) from excavated trench ore piles.
Additionally, other multi-ounce assays include 163.354 g/t (4.852
opt), 109.428 g/t (3.250 opt), 79.697 g/t (2.367 opt) and 75.118
g/t (2.231 opt).
These high grade results reflect and confirm the presence of
coarse gold nuggets and gold flakes in the ore as seen visually in
samples and at the laboratory. The Company therefore has calculated
two grades of the project from over 100 chip and muck samples
acquired in the Phase 2 program, one cutting all samples that
exceed one ounce per ton, to a value of one ounce, and an uncut
grade. These samples have given two weighted average grades of
4.556 grams per ton (0.135 opt) cut to one ounce, and 9.974 grams
per ton (0.296 opt) uncut.
The final assay results just received as well as the final
calculated grade have more than surpassed our early projections of
2 grams of gold per ton. The cut grade of 4.556 grams per ton is
more than double, and the uncut grade is nearly 5 times what we
anticipated. We are now in the process of finalizing our
third party engineering report that will confirm all the
aforementioned work, and calculate our tonnage resource. This
report is anticipated shortly.
Intertech's President and C.E.O. Rob
McIntosh states "The results of the Phase 2 evaluation
program have far exceeded anything we anticipated, and by finding
coarse gold nuggets reflected in the multi-ounce assays, can now
project a very profitable, economically viable gold mine with
tremendous upside. If the un-cut grade reflects the true value of
the ground, we may be capable of generating 5 times the cash flow
that previously imagined."
The WPE Claims #1-#4 claims are located in the Middlecamp Mining
District in La Paz County, near
Quartzite Arizona. The 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 to1993 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.
ON BEHALF OF THE BOARD
Intertech Solutions Inc.
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Rob McIntosh
President
To find out more about Intertech Solutions Inc. (OTCPK: ITEC),
visit our website at www.itecgold.com
Investor Relations:
+1-480-296-2065
investors@Intertechsolutionsinc.com
SOURCE Intertech Solutions Inc.
