Invenio Resources Corp.

Invenio Resources Corp.

December 15, 2011 13:23 ET

Invenio Resources Corp.: Encouraging Results at the Candles Hills Gold Property

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 15, 2011) - Invenio Resources Corp. ("Invenio" or the "Company") (TSX VENTURE:IVO) is pleased to announce encouraging results from the first phase program at its Candle Hills Gold Property ("Candle Hills" or the "Property") where Invenio has the right to earn a 100% interest. The Property, located in southwest Alaska, is part of the prolific Tintina Gold Belt, which hosts world-class deposits such as Fort Knox, Pogo, Dublin Gulch and Donlin Creek. The Company is targeting large tonnage, intrusive-related gold deposits on the Property and this year's work has opened up approximately 6.5 kilometres of potential.

Results from soil sampling; the discovery of favorable host rocks; placer gold grains observed in pan concentrates; among other geological discoveries combine to define a north-east trending, 6.5 kilometer long anomalous corridor within the Property. The corridor projects across highlands of the Candle Hills and is aligned with placer gold deposits that were historically mined along the Candle Creek valley. The corridor may be a source of these placer gold deposits and it is believed that significant gold mineralization may occur within the un-eroded corridor (go to to view map). The next phase of work will consist of additional soil sample grids to cover more of the Property, further geological mapping and sampling followed by trenching.

As part of the work program, ten percent of the Property was covered by a 2.5 kilometre by 1.8 kilometre soil grid. Geochemical results from the area indicate a 650 metre wide by 1900 metre long, northeast trending gold-in-soil anomaly that occurs on the western-most portion of the grid and is open to the north, west, and southwest. Coincident with the soil anomaly, rock samples are anomalous in gold, arsenic, and copper.

The soil sampling targeted a contact area between the Candle Hills pluton (biotite-quartz monzonite) which intruded into related but older porphyritic andesite and into hornfelsed slate and sandstone of the Kuskokwim Group. Northeast trending, porphyritic dikes (e.g. quartz-feldspar phyric rhyolite and quartz-feldspar-biotite phyric dacite) have been observed in sub crop and as rock fragments from soil sampling pits within the anomalous gold-in-soil trend and indicate that a major through-going structure likely exists within the anomalous area.

In addition to the soil sampling approximately seven kilometers of trails were cut to provide access to the farthest southwest regions of the Property. Significant geological discoveries were made during the trail cutting and include:

  • Pervasively altered, rusty andesite, approximately 180 metre by 300 metre wide, was discovered near the northern claim boundary. The hydrothermally altered unit is obscured by vegetation in all directions and may project below unaltered andesite outcrops to the southwest. Three rock samples from the altered andesite produced anomalous copper values averaging ~320ppm copper.
  • A sub crop of carbonate-altered biotite-quartz monzonite (termed the "Game Changer") was discovered approximately five kilometres to the southwest of the northern claim boundary. Three pits were dug to determine the extents of the intrusive and confirmed that the sub crop continues to the west for at least 160 metres and remains open to the west and north. Anomalous values of arsenic and copper were produced from samples taken from the discovery area.
  • Silicified and quartz-stockwork veined and manganese oxide brecciated hornfelsed slate/sandstone was discovered on a ridge approximately 6.5 kilometres from the northeast claim boundary. Rock samples of the stockwork veined unit were taken from four sample pits that were dug along the discovery ridge for 170 metres and indicate that the occurrence is open to the west, south and east. The rock samples produced only weak gold values up to 31 ppb gold, but have anomalous arsenic and copper values.
  • Two pan concentrate samples taken from separate creeks draining the southwest portions of the Candle Hills yielded grains of gold. No other information is known about the placer gold occurrences.

Collectively, these features show that: 1) the intrusive center extends five kilometres to the southwest of previous known mapped distribution; 2) altered andesite and basalt partially occurs as roof pendants to the intrusive rocks and may cap and obscure hydrothermal fluids responsible for gold mineralization; 3) the gold-in-soil anomaly may be controlled by a large-scale structure, as indicated by the distribution and alignment of anomalous samples, intrusive bodies and placer gold occurrences; 4) potentially significant mineralization also occurs in the periphery of the volcano-plutonic complex; and 5) placer gold occurs in multiple tributaries surrounding the Candle Hills. The collective discoveries open up approximately 6.5km of strike length along the Candle Hills corridor to potential intrusive-related gold deposits.

The Candle Hills Gold Property consists of 61 contiguous State of Alaska mining claims totaling 9,760 acres and covers the southwest portion of the Candle Hills and is located 15 kilometres southwest of the village of McGrath and 55 kilometres by road to Invenio's Ganes Creek Gold Project. Invenio has secured an option to purchase a 100% undivided interest in the Candle Hills Gold Property.

Analyses of the soil and rock samples were carried out by ALS Minerals Laboratories.

The technical information in this news release was reviewed by Jerry Blackwell, P.Geo., Invenio's technical advisor and a Qualified Person as defined in NI 43-101.

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, Alaska, Candle Hills, Alaska, Kings Canyon located on the border of Nevada and Utah and Green Springs located in Nevada. Invenio has an option on Ganes Creek and an option on Candle Hills to acquire a 100% interest. Ganes Creek has the potential to host both high grade lode style gold mineralization and disseminated bulk mineable mineralization similar to that found at the 42 million ounce Donlin Creek gold deposit.


Ken Booth, President

"This news release may contain 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."

"Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."

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