DGAP-News: Incan Gold Corp: Incan Gold Corp Retains Jervis Explorations
(firmenpresse) - DGAP-News: Incan Gold Corp / Key word(s): Miscellaneous
Incan Gold Corp: Incan Gold Corp Retains Jervis Explorations
15.03.2012 / 08:00
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Incan Gold Corp Retains Jervis Explorations
March 15, 2012 (EquityStory AG) - Incan Gold Corp (ING:FSE) ('Incan' or the
'Company') is pleased to report that the Company has entered into an
agreement with Jervis Explorations, Inc. to conduct an extensive work
program on the Malibu Gold Project, Incan's gold and base metal property
which covers over 683 hectares just north of Vancouver on the Sunshine
Coast of southwestern British Columbia. The work program will be focused on
gathering additional information needed to supplement the data developed in
an exploration program conducted by the Flex Group of London, England in
the spring of 2010 and documented in a technical report which was filed
with the B.C. Gold Commissioner's office in July of last year. The Flex
Group identified a 200 metre-long gold anomaly extending northwest from the
#1 adit to the #2 adit where visible gold was encountered and assays
returned gold values averaging .72 oz / ton in a shallow dipping 1.3 metre
wide quartz vein with arsenopyrite, minor pyrite, chalcopyrite and native
gold. This vein pinches and swells and can be easily followed for an
additional 50 metres along the shoreline cliffs. Rodger Cowan, the
President of Incan Gold commented that, 'we are excited with the prospect
of working with Jervis Explorations in developing the Malibu Gold Project.
Jervis has a strong data base of its own and the local knowledge that we
need to guide Incan in this last work program required to gather the
balance of the data needed to identify the parameters of the drilling
program that we are planning for later in the summer. While we are
confident in what we have seen to date at Malibu, we recognize that the
only way to prove reserves is by the drill and, ultimately, the key to
building shareholder values is in proving up those reserves.'
About Incan Gold Corp
Incan Gold Corp ('Incan') was formed to identify developed or producing
mining properties in politically stable South American countries and to
take advantage of management experience and expertise in the South American
mining industry, specifically to identify mining prospects that lend
themselves to rapid development, production and, ultimately, the
enhancement of shareholder values. Management has been specifically focused
on certain precious metal opportunities in southern Peru however recent
political developments in Peru have caused management to deploy corporate
resources on the rapid exploitation of the Malibu Gold Property in North
American while developing a better understanding of the manner in which the
foreign investment in Peruvian mining prospects will be treated by the new
government. The management of Incan is primarily focused on building
reserves and utilizing positive cash flow to internally finance the
development of prospects on a basis that avoids the undue issuances from
treasury that impact negatively on earnings.
On behalf of the Board of Directors of Incan Gold Corp
Rodger J. Cowan, President
E-mail: info(at)incangold.ca
Website: www.incangold.ca
FORWARD-LOOKING STATEMENTS
Statements in this document which are not purely historical are
'forward-looking statements', including any statements regarding the
intent, belief or current expectations of Incan Gold Corp and members of
its management as well as the assumptions on which such statements are
based. Prospective investors are cautioned that such forward-looking
statements are not guarantees of future performance and involve risks and
uncertainties, and that actual results may differ materially from those
contemplated by such forward-looking statements. Forward looking statements
are made based on management's beliefs, estimates and opinions on the date
the statements are made and the Company undertakes no obligation to update
forward-looking statements if these beliefs, estimates and opinions or
other circumstances should change, except as updates may be required by
applicable law. Such forward-looking statements reflect our current views
with respect to future events and are subject to certain risks,
uncertainties and assumptions. Although the Company believes that the
plans, expectations and intentions contained in this news release are
reasonable, there can be no assurance that those plans, expectations or
intentions will prove to be accurate. Investors should consider all of the
information provided in this press release within the context of the caveat
implied in this information with respect to forward looking statements.
End of Corporate News
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Datum: 15.03.2012 - 08:00 Uhr
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