|By PR Newswire||
|April 17, 2014 09:25 AM EDT||
SCOTTSDALE, Arizona, April 17, 2014 /PRNewswire/ --
Intertech Solutions Inc. (OTC: ITEC) ("Intertech Solutions Inc.," "ITEC" or the "Company") The Company is pleased to report that the four primary trenches with depths of 27 to 30 feet, as allowed by the BLM, are completed on its WPE #1 and #2 gold claims located in Quartzite, AZ. The conclusion of this trenching work was facilitated by the previously completed site preparation and improvements to the road to allow heavy equipment access to the entire property.
The secondary trench testing and sampling is currently in progress and will provide the material for assays to be used in the fully compliant engineering report. Visible gold showings are continuing to be found in numerous samples taken from surface down to depth of 30 feet. Preliminary calculations based on the land survey and trending of the resource with hematite and visible gold are indicating the initial estimated placer gold reserves of 2.5 million tons are more likely to be in the 5 to 7 million ton range. The three new shear zones were discovered during this trenching phase are increasing the likelihood of a new lode source discovery on the property in addition to the existing alluvials. These veinular quartz formations have visible gold present.
Intertech's Consulting Geologist and Director, Robert McIntosh said "It is good to be onsite again with my crew to obtain the samples required for the assays and metallurgical analysis. All safety precautions are being taken as we sample down to depth of 30 feet in the trenches. In my opinion, the earth exposed in the trenches with its reddish brown ferrous material containing hematite further confirms the presence of an economic gold resource trending throughout the entire property. This is in addition to the visible gold and flecks that I removed by hand from a previous site inspection."
Intertech Company President, David Naylor, states "by this Friday April 18 all of the 200 plus samples taken from the four trenches on the WPE #1 and #2 Claims will be in transit to the lab in Phoenix for complete metallurgical assays. Prior to the end of May the Company will have a fully compliant engineering report prepared and signed by a Qualified Person. This is the final step before we commence full on to complete the mine plan and obtain all required permitting to begin operations on our 1,000 ton per day placer gold mining operation."
The WPE Claims #1 & #2 spatially located 7 miles south of the Copperstone gold mine when in 1987 and 1993 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. Former historic lode gold producers as the Darling and Dome Basin Mines, which operated between 1900 and 1930, are present as well as numerous turn of the century rudimentary gold mining operations which are allocated immediately south of the WPE #1 & #2 Claims.
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: http://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.
- - - - - - - - - - - - - - - - - -
To find out more about Intertech Solutions Inc. (OTCPK: ITEC), visit our website at http://www.itecgold.com
SOURCE Intertech Solutions Inc.
The 3rd International Internet of @ThingsExpo, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that its Call for Papers is now open. The Internet of Things (IoT) is the biggest idea since the creation of the Worldwide Web more than 20 years ago.
Feb. 1, 2015 12:00 PM EST Reads: 8,213
Connected devices and the Internet of Things are getting significant momentum in 2014. In his session at Internet of @ThingsExpo, Jim Hunter, Chief Scientist & Technology Evangelist at Greenwave Systems, examined three key elements that together will drive mass adoption of the IoT before the end of 2015. The first element is the recent advent of robust open source protocols (like AllJoyn and WebRTC) that facilitate M2M communication. The second is broad availability of flexible, cost-effective ...
Feb. 1, 2015 12:00 PM EST Reads: 2,889
SYS-CON Events announced today that that Innodisk, the service-driven provider of industrial embedded flash and DRAM storage products and technologies, will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Innodisk is a service-driven provider of industrial embedded flash and DRAM storage products and technologies. With satisfied customers across the embedded, aerospace and defense, cloud storage markets an...
Feb. 1, 2015 12:00 PM EST Reads: 968
At 15th Cloud Expo, Shrikant Pattathil, Executive Vice President at Harbinger Systems, demos a video delivery platform that helps you do interactive videos. He discusses how Harbinger is accomplishing it in the cloud world, the problems they faced and the choices they made to get around these problems.
Feb. 1, 2015 11:45 AM EST Reads: 1,751
"Our premise is Docker is not enough. That's not a bad thing - we actually love Docker. At ActiveState all our products are based on open source technology and Docker is an up-and-coming piece of open source technology," explained Bart Copeland, President & CEO of ActiveState Software, in this SYS-CON.tv interview at DevOps Summit at Cloud Expo®, held Nov 4-6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Feb. 1, 2015 11:45 AM EST Reads: 3,073
Fundamentally, SDN is still mostly about network plumbing. While plumbing may be useful to tinker with, what you can do with your plumbing is far more intriguing. A rigid interpretation of SDN confines it to Layers 2 and 3, and that's reasonable. But SDN opens opportunities for novel constructions in Layers 4 to 7 that solve real operational problems in data centers. "Data center," in fact, might become anachronistic - data is everywhere, constantly on the move, seemingly always overflowing. Net...
Feb. 1, 2015 11:15 AM EST Reads: 3,017
ARMONK, N.Y., Nov. 20, 2014 /PRNewswire/ -- IBM (NYSE: IBM) today announced that it is bringing a greater level of control, security and flexibility to cloud-based application development and delivery with a single-tenant version of Bluemix, IBM's
The move in recent years to cloud computing services and architectures has added significant pace to the application development and deployment environment. When enterprise IT can spin up large computing instances in just minutes, developers can also design and deploy in small time frames that were unimaginable a few years ago. The consequent move toward lean, agile, and fast development leads to the need for the development and operations sides to work very closely together. Thus, DevOps become...
Feb. 1, 2015 11:00 AM EST Reads: 3,655
Building low-cost wearable devices can enhance the quality of our lives. In his session at Internet of @ThingsExpo, Sai Yamanoor, Embedded Software Engineer at Altschool, provided an example of putting together a small keychain within a $50 budget that educates the user about the air quality in their surroundings. He also provided examples such as building a wearable device that provides transit or recreational information. He then reviewed the resources available to build wearable devices at ...
Feb. 1, 2015 11:00 AM EST Reads: 2,614
The Internet of Things promises to transform businesses (and lives), but navigating the business and technical path to success can be difficult to understand. In his session at @ThingsExpo, Sean Lorenz, Technical Product Manager for Xively at LogMeIn, demonstrated how to approach creating broadly successful connected customer solutions using real world business transformation studies including New England BioLabs and more.
Feb. 1, 2015 10:45 AM EST Reads: 2,812
Mobile commerce traffic is surpassing desktop, yet less than 20% of sales in the U.S. are mobile commerce sales. In his session at 15th Cloud Expo, Dan Franklin, Segment Manager, Commerce, at Verizon Digital Media Services, defined mobile devices and discussed how next generation means simplification. It means taking your digital content and turning it into instantly gratifying experiences.
Feb. 1, 2015 10:45 AM EST Reads: 2,317
Since 2008 and for the first time in history, more than half of humans live in urban areas, urging cities to become “smart.” Today, cities can leverage the wide availability of smartphones combined with new technologies such as Beacons or NFC to connect their urban furniture and environment to create citizen-first services that improve transportation, way-finding and information delivery. In her session at @ThingsExpo, Laetitia Gazel-Anthoine, CEO of Connecthings, will focus on successful use c...
Feb. 1, 2015 10:15 AM EST Reads: 2,109
NuoDB just introduced the Swifts 2.1 Release. In this demo at 15th Cloud Expo, Seth Proctor, CTO of NuoDB, Inc., discussed why scaling databases in the cloud is challenging, why building your application on top of the infrastructure that is designed with this in mind makes a difference, and what you can do with NuoDB that simplifies your programming model, your operations model.
Feb. 1, 2015 10:15 AM EST Reads: 1,713
Enthusiasm for the Internet of Things has reached an all-time high. In 2013 alone, venture capitalists spent more than $1 billion dollars investing in the IoT space. With "smart" appliances and devices, IoT covers wearable smart devices, cloud services to hardware companies. Nest, a Google company, detects temperatures inside homes and automatically adjusts it by tracking its user's habit. These technologies are quickly developing and with it come challenges such as bridging infrastructure gaps,...
Feb. 1, 2015 10:00 AM EST Reads: 3,321
“The year of the cloud – we have no idea when it's really happening but we think it's happening now. For those technology providers like Zentera that are helping enterprises move to the cloud - it's been fun to watch," noted Mike Loftus, VP Product Management and Marketing at Zentera Systems, in this SYS-CON.tv interview at Cloud Expo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Feb. 1, 2015 10:00 AM EST Reads: 2,480