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IGRU still trades.......great shell candidate!!!
Crazy something is up here. 1 post all day today and all that volume ?
Can you shed some light ?
Could be nice tomorrow
Glad somebody noticed finally and thanks for the play :)
Nobody is noticing how thin this Ticker is
Hey Creep,
Now it is .0004
IGRU GLTU
Hey CREEP do u know:
1)if this co. has changed their board of directors lately ?
2)if they still hold their mineral claims ?
Nice! Looks like there's very few shares available.
Fairly consistant daily volume. Not sure where the volume is coming from.
$IGRU Intl Gold Resources (IGRU) $ 0.0038 up 0.001 (35.71%) Volume: 29,000
Bonanza and King Solomon show as active per:
http://www.emr.gov.yk.ca/mining/companies.html
Filed form 15-12G today - Form dated 9/10/09 http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=7504945
International Gold Resources, Inc. Provides Update on its Brazil and Corporate StrategiesLast update: 1/6/2009 8:00:13 AMDENVER, Jan 06, 2009 (BUSINESS WIRE) -- International Gold Resources, Inc. (Pink Sheets: IGRU) today provided an update on its Brazilian business activities, Cupixi license status, and corporate strategy. In August 2008, IGR announced that it had filed an amendment to the Company's application for approval of its Cupixi mineral license with the Brazilian National Department of Mineral Production (DNPM) that included a complete geologic report addressing the DNPM's initial comments to the Company's 2007 license filing. Following the submission, the Company's President and Chief Executive Officer, Robert L. Dumont spent approximately six weeks in Macapa, Brazil working with the Company's Brazilian legal counsel TozziniFreire Advogados ("Tozzini"), a Sao Paulo-based law firm with expertise in mining applications and licenses in an effort to secure the issuance of the Cupixi license. Despite the filing of the amended license application and the significant efforts of Company management, the DNPM as of yet has not issued the license. At the same time, the global economic downturn has caused the Company to re-evaluate its corporate and Brazilian strategies. Mr. Dumont commented, "We have seen a dramatic reduction in base metal, steel and steel input commodity prices as well as available capital for base and ferro metal exploration-stage projects over the past year. We do not think it is prudent at this time to continue to expend significant sums of money on the Cupixi project or other Brazilian mineral assets in the current economic environment. Therefore, we have significantly downsized our Brazilian organization and spend rate in an effort to preserve our limited cash. Our Chairman, David H. Francisco, intends to return to Brazil in mid January as part of our continued effort to seek Brazilian financial partners as well as explore other options to protect and preserve a longer-term option on the Cupixi manganese project in the event that market conditions improve." Although the Company is re-evaluating the priority of its Cupixi project, the Company continues to advance a strategy for its existing non-Brazilian gold assets as well as look for new opportunities in gold. Company Chairman, David H. Francisco said, "While the market has changed for base and ferro metals from a year ago, we are still very bullish on gold and believe that long-term fundamentals support higher gold prices. We continue to hold our Yukon options and are in discussions with potential partners to fund additional work on those properties in 2009. We are also looking at new potential opportunities in gold that we hope to be able to communicate in more detail with investors soon." About International Gold Resources: The vision of International Gold Resources, Inc. is to become recognized as one of the premier early stage mineral exploration companies in the world. This news release contains "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements include statements that relate to government mining permit approvals, the intention and ability to protect the Company's legal rights to its assets in Brazil, the ability to retain future rights to the Cupixi licenses or identify financial or other partners for the Company's Cupixi or Yukon projects and the ability of the Company to obtain additional opportunities in gold. Factors that could cause actual results to differ materially from these forward-looking statements include, among others: the uncertainty of operating in foreign countries; the volatility of mineral prices; potential operating risks of mining, development, and exploration; environmental and governmental proceedings, regulations, and permits, including the mining license approval process and outcome; changes in applicable laws, regulations, or legal requirements pertaining to the Cupixi Project, the Company, and/or its affiliates; availability of financing; force majeure events; and other risk factors as described from time to time in the Company's filings with the Securities and Exchange Commission. These factors are often beyond the Company's ability to control or predict. SOURCE: International Gold Resources, Inc.
For further information: Mr. Lyle Durham, 206-601-4499 Vice President, Investor RelationsCopyright Business Wire 2009
The Newmont management team is assembling. We are going to see some major action in the next few months. I'm going all in while we're in the basement.
They are still making progress on getting the license permit for the mine in Brazil. I also bet we will here updates on the other poperties that they have rights to in Brazil.
They just got done updating the Alaska properties and it all sounded very very positive even though the stock did not react. I think this is because buyers want to see the financials are being completed on time.
You can see some updates on their website at www.intlgold.com/s/Home.asp
Looks of things are looking up.
I agree that we hit bottom....The financials are the most important aspect of getting this stock on a frim ground.
Might want to call IR and check in on the progress of the financials.
It looks like we're hitting the bottom. I'm expecting an upsurge anytime now. We should be hearing from brazil about the mining permits on the cupixi project and then we'll all be wishing we had put more into this stock at these levels.
News Today
March 17, 2008
International Gold Resources, Inc. Announces Update on its Cupixi Mining License Application and Appointment of Nathan M. Longenecker as Vice President, General Counsel and Secretary
--------------------------------------------------------------------------------
Denver, CO, March 17, 2008 (BUSINESS WIRE) - International Gold Resources, Inc. (IGRU News; Pink Sheets) today announced an update on its Cupixi Mining License application and the appointment of Nathan M. Longenecker as the Company's Vice President, General Counsel and Secretary.
Update on Cupixi Mining License
International Gold Resources, Inc. ("IGR") President and Chief Executive Officer Robert L. Dumont recently returned from Brazil where he visited the Company's exploration properties and met with the Regional Director of the Departamento Nacional de Producao Mineral ("DNPM") and other senior government officials regarding the status of the Company's Cupixi Mining License application filed in October 2007.
Mr. Dumont commented, "I return from Brazil very encouraged by the quality of our Brazilian assets, employees and contractors, and the support for IGR and its mining license from the Brazilian Government. The DNPM has asked that we address some minor technical comments to our original license submission. That work is already underway and I expect it will take us approximately 60 days to complete. Based on my meetings with the DNPM and other senior government officials, I believe we continue to have a clear path to receiving our license in the near term."
Mr. Dumont went on to say, "I also toured each of our exploration properties and continue to be very excited by our Cupixi manganese project as well as our gold properties at Cupixi, Lourenco, Cassipore and Cachoeira. As we discussed on our investor conference call, we are nearing completion of our comprehensive data review on our Brazilian gold properties and expect to release that information as well as results of our 2007 Yukon exploration program shortly."
Appointment of Mr. Longenecker
Finally, the Company has appointed, on a part-time basis, Nathan M. Longenecker as the Company's Vice President, General Counsel and Secretary. Mr. Longenecker is a founding partner of Temkin Wielga Hardt & Longenecker LLP, a Denver-based law firm with particular expertise in representing clients in the natural resource industry in both domestic and international matters. Mr. Longenecker grew up in Edmonton, Alberta, Canada. He received his undergraduate degree from Colorado College in 1990 and his Juris Doctorate degree from the University of San Diego School of Law in 1994 where he was a member of the Order of the Coif and the San Diego Law Review. He is a member of the Bar of the Courts of Colorado and the Ninth Circuit and Tenth Circuit Courts of Appeals. Prior to co-founding Temkin Wielga Hardt & Longenecker LLP in 1999, Mr. Longenecker practiced law at the national law firms Dorsey & Whitney LLP and Ballard Spahr Andrews & Ingersoll LLP.
Mr. Dumont said, "I am extremely pleased that Nathan has agreed to join IGR. His background and significant experience representing multinational resource companies make him a great addition to our team as we progress our asset portfolios and grow our Company."
No new news right now so the stock is trending lower with market. Not really worried as this has nothing to do with prospects.
Does anyone have any info on what is going on with the mine in brazil. I know they are redoing there finacials. Just wondering when we may get some news that may move the stock higher.Thankyou
PART III NARRATIVE
As previously reported, in October 2007 the management of International Gold Resources, Inc. (the “Company”) uncovered a number of potential fraudulent acts and misdeeds against the Company dating back to the filing of Form 10-KSB for the period ending October 30, 2005. More specifically, the possible fraudulent acts and misdeeds discovered included a failed acquisition of Uniworld Mineracao Ltda., a default under the agreement with Cooperativa de Mineracao dos Garimpeiros do Lourenco, and questions concerning the Company's title to certain equipment purchased for the Brazilian operations. Following this discovery, the Company informed its independent accountants and launched a forensic audit of its Brazilian operations in order to resolve these issues as expeditiously as possible.
The forensic audit of the Company’s Brazilian operations has now been completed. Rodolfo Michels, Vice President of Brazilian Operations, has reviewed the audit and determined that the financial statements for the Company will need to be restated for fiscal years 2005, 2006, and 2007. However, the forensic audit indicated that no past fraudulent acts or misdeeds negatively impact or call into question the Company's title and right to its Cupixi claim block in the State of Amapa, Brazil.
The Company must restate all of its financial statements filed since the Company's reverse merger into Montpellier Group, Inc. on August 19, 2005. As a result, the compilation, dissemination, and review of the information required to complete Form 10-K for the fiscal year ended October 31, 2007 has imposed time constraints that have rendered timely filing of Form 10-K impracticable without undue hardship and expense to the Company. The Company undertakes the responsibility to file the 2007 fiscal annual report when the aforementioned restatements have been completed, but cannot state with certainty a date of resolution. The Company is working as quickly as possible to return to current filing status and will notify the SEC and investors as soon as the financial statements have been compiled and restated.
PART IV OTHER INFORMATION
(1)
Name and telephone number of person to contact in regard to this modification:
Robert L. Dumont
(720) 529-4855
(2)
Have all other periodic reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of 1940 during the preceding 12 months or for such shorter period that the registrant was required to file such report(s) been filed? If the answer is no, identify report(s).
I posted a short synopsis... a few posts back... but please feel free to add more detail if you've listened to the conference call.
I'm waiting for the next round of good news. It's disheartening to see this retrenchment in PPS... the only good side of it is... there is no volume to support it...
Just found this... has anyone posted a summary of the recent conferecne call yet (did not see one on this board)?
PPS of IGRU are down today but all of yeserdays gain is not gone.
Thanks for the update on the conf call. All sounds like good things. Hopefully we get some more investors. I will have to check the call out later.
The replay can be found here.
Replay (866) 837-8032
Access Code 1193287
There will be a question and answer session at the end of the conference call. The replay will be available until February 29, 2008.
Conference call update.
Remember you can go and listen to the recording for the next couple weeks. I dropped in on the conference call and I have to say I really enjoyed the q&a with management.
KEY POINTS WHICH WILL DRIVE IGRU OVER A DOLLAR IN THE SHORT TERM-
IGRU has significant gold assets which have been overlooked due to magnitude of the manganese find at Cupixi.
We should hear news of a mining permit in Brazil in the immediate future.
The land titles which were in question have been resolved in IGRU's favor. There will be a news release in the near future on this issue as well.
We're going for the Gold and Manganese that is!
Significant interest has been shown in this company. Hold on to your holdings boyz... we'll be moving on up...
We be jamming today. Conf call this afternoon. Stock price undervalued for deposits in the ground. The problem was no attention was given. Now that we are starting to gain some attention I expect this to hit the dollar mark and march thru to the true valuation of the company. Anyone have their due diligence to share>?
looks like you got the bump UP!
sands
It's time for the bump up. We've tested the bottom and after tomorrow's conference call I would be surprised to see prices in the 60 cent range.
Have been a shareholder in this company for a while and think that the call this week should help explain future plans. All of my due diligence have led me to buy. I think it is a fine investment all around based on the stong management and samples that have been found in the ground.
Headquarter info below as well as website address.
International Gold Resources Inc.
7200 S. Alton Way, Suite B-230,
Centennial, Colorado 80112
720-529-4855 (office)
303-347-0122 (fax)
http://www.intlgold.com/s/Home.asp
Email: info@intlgold.com
I have been reading their past filings and will be doing more D&D. On the surface ot seems that IGRU has huge potential. It will be interesting to see how things play out from the past fraudulent activities. If the uncertainty re: that fraud can be put to rest the future can hold good things for those who invest here.
DENVER, Jan 22, 2008 (BUSINESS WIRE) -- International Gold Resources, Inc. (Pink Sheets:IGRU) announced that it will hold an investor conference call on Wednesday, January 30, 2008 at 4:00 pm Eastern Time (2:00 pm Mountain Time) to discuss the recent executive management changes and the Company's current business activities.
Here's the full quote from Ken Matsumoto....
This company has huge potential. With December’s pullback could now be a good entry point?
IGRU: Small Cap Breakout,†by Ken Matsumoto, Swing Trades (11/29/07)
IGRU: Some time ago, we made you aware of IGRU. Today we are updating you to the incredible breakout this stock is in. Let’s look at this trade from the Technical and Fundamental points of view:
Technical Analysis: The chart below shows a chart with a handsome breakout off an extended base. Note the low volatility and tight narrow range that ensued after the lows at .25. Thereafter you see the nice pick up in volatility along with volume as the stock broke out of its extended base. The stock is currently on its first retracement after the breakout on decreasing volume.
Fundamental Analysis: Previously, the company made the public aware of a potentially huge find of manganese deposit on their property (an estimated 30 to 50 million tons). According to some estimates, that computes into 2 to 3 billion in potential revenues for the company. ... Not all that exciting, but here is the good part. A technical consultant for Behre Dolbear (highly respected analyst in the mining industry) came out and said the property looks very similar to the ICOMI deposit mined by Bethlehem Steel on a nearby property. ... ICOMI is likely the biggest known manganese deposit find in the history of the universe. I may be exaggerating but it is likely the biggest find ever. In any case this translates into big bucks for the company.
Our Opinion: This stock is on a major breakout. ... The technicals are in line with the Fundamental developments with the company and we see a lot more upside to come. In our opinion we rate this a mega, two thumbs up, superstar buy of the century. This first retest of the breakout sets up an ideal time for an entry, with a short term target area of 3 - 5.
This stock could triple or quadruple on speculation alone, long before any manganese is mined. Rumors of a buyout could have the same effect.
"Our Opinion: This stock is on a major breakout. ... The technicals are in line with the Fundamental developments with the company and we see a lot more upside to come. In our opinion we rate this a mega, two thumbs up, superstar buy of the century. This first retest of the breakout sets up an ideal time for an entry, with a short term target area of 3 - 5.
From: "IGRU: Small Cap Breakout,” by Ken Matsumoto, Swing Trades (11/29/07)
A month ago everyone was trashing IGRU, then it took off. The stock pulled back, but with the price of gold it's worth taking a look at.
3 Billion worth of Manganese, 100 million shares outstanding... Where's the volume on this stock? It's time to add to my position. I'll be looking at this price in a couple of weeks and wish i had added.
The chart looks great. I feel sick that I didn't add on a bigger position. I have added a large block to my position today with the confirmation of this breakout.
I read the news today. This stock should trade a lot higher. They have 30 to 50 tons valued at $75 per ton. That's nearly 3 billion dollars. I think its only a matter of time before the big money piles into this severely undervalued stock.
The chart says major breakout. I am all in!!!
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International Gold Resources, Inc. engages in the acquisition, exploration, and development of resource properties in Brazil and in the Yukon Territories in Canada. The company holds interests in Amapa Tailings project, a gold exploration project, and various other mineral properties in the Amapa State, Brazil. It also holds an option to acquire 100% interest in Mahtin, Cathy, Kirkman, and Bonanza claims located in the Dawson Mining District of the Yukon Territory in Canada. In addition, International Gold Resources holds an option to acquire a 100% interest in the Crown Jewel Project, which includes the King, Prince, and Crown Jewel claims located in the Dawson Mining District of the Yukon Territory in Canada. The company was incorporated in 2004 and is based in Duvall, Washington.
Website: http://www.intlgold.com
Website currently under construction. Google has been picking up some of the changes throughout September 2010.
Share Structure Per Pinksheets: Updated October 7, 2010
Security Notes: 1 for 2 R/S 10/7/2010
International Gold Resources has the following mineral areas in its portfolio: Per 2007 Financials http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=5043867
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Amapa . A 135,000 acre (55,000 hectares) property with the potential for gold, copper, zinc, nickel and manganese. In March, 2006 the Company entered into a contract to acquire the entire share capital of Amapa Gold Ltda (Amapa Gold), which company owns the mineral rights of the Porto Grande property. This property is situated within the Vila Nova-Serra do Navio greenstones of Paleo-Proterozoic age in the southeast part of the Guiana Shield. This assemblage of the sedimentary, exhalative, and intrusive rock is common with similar belts elsewhere in the Guiana Shield of Brazil, the Guianas, and Venezuela. These local greenstones historically have contained significant gold mineralization in the Serra do Navio area. Other mines in the area include GoldCorp’s Amapari Mine, with production plus reserves of 1.6 million ounces, and the Santa Maria Mine currently being explored by Eldorado Gold. A world-class manganese deposit and significant chromite deposits also occur within the belt. The claim block is bisected by a road, and by the still-operative railroad, which served the former manganese mine.
Per a report received in May 2006, the Company’s consulting geologist recommends the exploration program commences immediately with a view to establishing drill targets. Numerous senior international mining companies are active in this area.
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Bahia . A 50,000 acre (20,000 hectares) property with potential for gold, copper and iron in a favorable geological environment in the claim area which encompasses a structure that runs for 19 kilometers. The claims for the Bahia property were staked by our Brazilian subsidiaries. Subject to financing, an active exploration program is planned for 2007 with a view to establishing drill targets.
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Amazonas . A 100,000 acres (40,000 hectares) property with multiple parallel structures with visual gold signs along the structure for approximately 1.5 kilometers. The claims for the Amazonas property were staked by our Brazilian subsidiaries. The Company plans an active exploration program, subject to financing, with a view to establishing drill targets.
International Gold Resources, Inc. has options on certain claim blocks in the Yukon Territory in Canada:
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The Bonanza Claim Block with 90 claims on 4,260 acres :
The geology: one of the original discovery creeks of the 1896 Klondike Gold Rush with Klondike schist and felsic intrusives
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The Crown Jewel Claim Block with 306 claims on 15,300 acres
The geology: one of the original discovery creeks of the 1896 Klondike Gold Rush with Klondike schist and felsic intrusives
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The Cathy Claim Block with 150 claims on 7,000 acres :
The geology: gabro mafic-ultramafic and sedimentary rocks and the creeks within the claims are gold-bearing
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The Kirkman Claim Block with 40 claims on 1,900 acres :
The geology: gabro mafic-ultramafic, sedimentary, and granites and the creeks within the claims are gold-bearing
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The Mahtin Claim Block with 112 claims on 6,000 acres :
The geology: part of the Late Cretaceous Sprague Creek stock (Tombstone Suite) and Rabbitkettle formation, have been metamorphosed to cherty calc-silicate hornfels garnet-diopside skarn and the creeks within the claims are gold bearing
In May 2006 the Company received an independent report, which it filed as an 8K on the Mahtin Property, Yukon, Canada. The Mahtin Property is in the McQuesten mineral belt between Dawson City and Mayo. Brewery Creek is on the western end of the belt with 0.85 million ounces of gold, and Dublin Gulch and at the eastern end with 4.1million ounces of gold; both are located in the same belt as the Mahtin property. Exploration work carried out to date on the Mahtin Property consisted of geological, geochemical and geophysical surveys for the gold potential within the claim block. The Mahtin Claim Block comprises of 112 claims on 6,000 acres.
R. A. Doherty, P. Geo., visited the property in 2003 while soil sampling and geophysical surveys were being completed; Chris Ash, P. Geo visited the property in 2004 and 2005 while a soil sampling and trenching program was being completed. Both authors are qualified persons for securities reporting purposes. The independent report states that the Mahtin property is an excellent exploration target for gold mineralization. The property has significant and widespread gold, arsenic, bismuth, with secondary copper, tungsten, silver, soil and rock geochemical anomalies.
R. A. Doherty, is overseeing the work being done on the claim block. He retained Geotech Ltd. (Geotech) to use their proprietary, large dipole-moment, VTEM (Versatile Time-Domain Electro Magnetics) system, which can scan, analyze and map base metals, uranium and diamonds to the depth of 1,625 feet (500 meters), as this was the most cost-efficient way for IGR to optimize its exploration program in preparation for its core drilling program.
The Geotech helicopter flew 142 miles (229 kilometres) on 300 feet (100 meter) spaced lines that covered the entire Mahtin claim block. The VTEM survey will enable IGR to get an extensive overview of the whole property. IGR expects that the pyrrhotite-pyrite skarn zones at the contact with Rabbitkettle calcareous sediments which should produce a positive magnetic signature to aid in spotting drill holes and in so doing the Company will be optimally position the core drilling program of approximately 3,000 feet (1,000 meters). This program was planned for summer, 2006 but as a result of a shortage of drill rigs and manpower the Company was unable carry out this program. The Company plans to conduct this core drilling program in summer 2007, subject to financing.
Subject to financing International Gold Resources plans an active exploration program in 2007 with a view to establishing drill targets on all the above properties.
Location and Access
The Maps below detail where the Yukon claims are situated in proximity to Dawson City which are accessible by road or barge on the rivers; and the Brazilian claims in Amapa, Brazil:
Mineral Title
On October 4, 2004, the Company entered into an Assignment and Assumption of Option Agreement to earn a 100% interest in the Mahtin, Cathy, and Kirkman claims located in the Dawson Mining District of the Yukon Territory in Canada.
On October 4, 2004, the Company entered into an Assignment and Assumption of Option Agreement to earn a 100% interest in the Bonanza claims located in the Dawson Mining District of the Yukon Territory in Canada.
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