Invenio Commences geophysical compilation at Ganes Creek Gold Project
TSX Venture Exchange: IVO October 27, 2011
Invenio Commences geophysical compilation at Ganes Creek Gold Project and awaits results from sampling at Candle Hills Appoints Chief Financial Officer
Invenio Resources Corp. (“Invenio” or the “Company”) is pleased to announce that it has commenced the compilation of the geophysical survey data from the Ganes Creek Gold Project and that it has shipped for analysis soil and rock samples taken from the Candle Hills Gold Projects in Alaska. The Company also announces that it has appointed Jeff Block, CA, as its Chief Financial Officer.
Invenio will work with a geophysical consultant to interpret and integrate the 42 line kilometre induced polarization (“IP”) geophysical survey that was completed at Ganes Creek. The IP survey tied together previous IP grids that targeted specific zones and also extended these grids to cover areas that were mapped by previous operators. Results from this year’s IP survey will be combined with an extensive geological, geochemical and geophysical database at Ganes Creek to be used to define targets for a large diamond drill program planned for summer 2012.
Candle Hills is Invenio’s second gold project in Alaska and it is located approximately 55 kilometres by road from Ganes Creek providing for exploration synergies between the two projects. The work program completed at Candle Hills generated valuable geologic information from mapping on a new cut grid and produced 88 soils samples and 30 rock samples. The samples have been sent for assaying and once the results have been received and interpreted they will be released.
The Company is also pleased to announce the appointment of Jeff Block as the Company’s Chief Financial Officer replacing Ronnie Doman. Invenio would like to thank Mr. Doman for his service. Mr. Block is a Chartered Accountant with over eight years of public mining audit and reporting experience. The Company also announces that it will be issuing to certain officers 100,000 options to purchase common shares of the Company at an exercise price of $0.11 and with a term of five years from the date of grant.
About Invenio Resources Corp.
Invenio Resources Corp is a Canadian based exploration company focused on gold exploration. The Company's common shares are listed on the TSX Venture Exchange and trade under the symbol IVO. Invenio has four gold properties, Ganes Creek, and Candle Hills in Alaska, Kings Canyon located on the border of Nevada and Utah and Green Springs located in Nevada. In February 2011 Invenio signed an option on Ganes Creek with the right to acquire a 100% interest and in July 2011 it announced it had signed an option on Candles Hills with the right to acquire a 100% interest. Ganes Creek has the potential to host both high grade lode style gold mineralization and lower grade bulk mineable mineralization similar to that found at the 42 million ounce Donlin Creek gold deposit and at Candle Hills gold mineralization is potentially plutonic hosted stockwork and fault-filled vein style. Invenio owns 75% of Kings Canyon and Green Springs. The Kings Canyon project contains an historical, noncompliant resource of approximately 217,000 ounces of gold at a grade of 0.93 grams/tonne. The deposit is near surface, oxidized and interpreted to be Carlin style. The Green Springs project is a former past producer with reported head grades of 2 g/t gold.
For additional information please visit the Company’s website at HUwww.invenioresources.com. You may also email [email protected] or call investor relations at 604-687-1779
ON BEHALF OF THE BOARD OF DIRECTORS OF INVENIO RESOURCES CORP.
"Ken Booth"
Ken Booth, President
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This news release contains forward–looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.