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400K traded .95
International Gold Resources, Inc. (Pink Sheets:IGRU) announced today that the Company has discovered a large manganese target on its Cupixi claim block in Amapa State, Brazil. The target is estimated by IGR's geologic consultant in Brazil, Tobias Geotec, to be a minimum of 30 to 50 million metric tonnes of Manganese oxide ore. This estimate is based on projected depths of at least 30 meters. Assumptions were made on mining and processing losses for ore quality upgrades. The surface area delineated is 2 km by 0.7 km. Within this area are several manganese outcrops up to 150 meters in length. Soil samples, trenches, and auger holes were used in delineating the surface area and indicated depth. The estimate is not compliant with Securities and Exchange Commission and Canadian NI43-101 standards. IGR has commenced core drilling and expects to confirm depth and mineralization continuity estimates over the next several weeks.
Mike Michels, IGR's Vice President of Brazilian operations said, "Tobias Geotec is one of Brazil's premier technical consultants. With their support, our own core drilling underway, and the oversight of Behre Dolbear, we are expecting to advance the Cupixi manganese target quickly. The Porto Grande area, where our Cupixi claims are located, is an historic manganese producing area with good infrastructure."
.65 100k traded...
the bump is happening...
There's still time to catch the rise. You don't want to miss next week's rise.
HELLO, 240K and it's before noon. Something is happening with this stock. It's now or never folks!
Something is brewing.... I'm seeing greater volume and the price spike up a bit over the past two weeks...
I'm feeling good and waiting for the good news.
Cha Ching... Gold's at an all time high. IGRU will be at it's high soon. Get in now before you miss the money train.
I am seeing the initial phases of accumulation. I have bought in my initial position and expecting a breakout to the upside shortly. Its on!!!
Well, I've yet to see someone with a position in a stock who was bashing it unless it was out of pure frustration, or conversely, an investor pumping a stock where he/she had a short postion. So yea, I'm holding both of these stocks and think they have some real potential. RVNG is being very agressive and has had some very promising results so far. I think IGRU is on the same track, and I want to be in on the ground floor.
I'm in. I think there's some great potential along with a manageable downside here.
Sellers are just about done. Its time for some influential that will get this stock moving.
My feeling is this stock will move crazy on the breakout. The low volume sets up for that. Keep eye on volume.
I'm wondering what will come out of their Yukon drilling. Behre Dolbear had favorable things their other findings. This one coming up could be the one that breaks this stock out of its current range.
It's mighty quiet on this stock, but holding current levels. Any positive news will move this stock imo. I'll be watching closely for that breakout.
The company announced a few weeks ago that they just started drilling in a new location. That means they will have something to announce shortly. Perhaps that accumulation is from someone who knows something. hmmmmmmmm
I also heard some good stuff about this one. I think I'll acquire some shares just to keep things interesting. Not too much, but enough.
Thanks for your help.
I was watching the action on this stock today. Something is going on. I see typical action on the stock that comes before a major breakout. Last few days has suggested that. Keep your eyes on this. I think its coming.
I don't know. Hopin' someone would have that answer.
Thanks for your help.
Do you think that the current price in comparison to the 20 and 50 day moving averages also indicates potential? That seems to be the case from my perspective. Any thoughts?
I'll put in my two cents here. The stock is still in a range, but the volume has been stealthily picking up the last week. There is some interest in this stock. I like what I see. Someone is quietly accumulating shares. It is close to breaking a head and shoulders bottom. That would mean the stock is set to hit 1.50 soon.
Hope vol picks up. Still a little low for my comfort.
Stock looking good. The volume has been more than active since coming off the lows at 40 cents. Spread is also tightening up meaning more interest in the stock. This is looking good.
Thanks for the info.
This company seems to have been around for awhile .. why not a longer history on IHUB?
Are you a pumper? I read your message on the Raven Gold messageboard. I agree that having former execs from Newmont (which I am invested in) is a MAJOR positive. But is this another scam like the rest of pinkies, even though, I feel, Gold and commodities are in a bull market.
To the ones who have history with this stock .. what say you guys?
Is this a SCAM? Is this a BS PR about execs from Newmont coming over to this company?
I have not heard of a buyout specifically, but I do know that the former execs from Newmont is now running this company. That means this stock is probably going somewhere. They also started drilling earlier this month on a new location. From previous experience, the former relationships run within the industry and I would not be surprised at all if the stock was up for a merger or sale. Technically the stock looks like a potential bottom. The volume has been picking up slightly on this test of the lows. If we start to hit, I think the buying will pick up and you will have a great argument for a bottom pattern.
I have this stock on MAJOR WATCH. Keep me informed.
Have you heard anything about a potential buyout?
IGRU looks like a kick-ass precious metal mining company with projects in the Klondike, Yukon and in Amapa State, Brazil. It appears they have assembled an impressive, experienced management team and are commencing exploratory drilling in a very promising project in the Yukon:
“International Gold Resources Inc. is Pleased to Announce that David H. Francisco and Lawrence T. Kurlander have come on as Advisors to the Board
“SEATTLE--(BUSINESS WIRE)--International Gold Resources Inc. (IGRU) is pleased to announce that David H. Francisco and Lawrence T. Kurlander have been signed as advisors to CEO Tim Acton and the Board of Directors.
“Mr. Francisco was formerly with Newmont Mining Corporation where he was a member of the Executive Committee and Executive Vice President - Operations. Mr. Francisco joined Newmont in 1995 as Vice President - International Operations and subsequently managed mining and capital development in Uzbekistan, Peru and Indonesia. … He provided executive oversight and direction to a number of significant capital projects including the development of the Batu Hijau Mine in Indonesia (the largest startup mine in history), the La Quinua Mine in Peru, and the Ahafo Project in Ghana.
“Joining Mr. Francisco in the consulting assignment is Lawrence T. Kurlander. Mr. Kurlander joined Newmont in 1994 and retired in 2002. As Chief Administrative Officer, he was responsible for Human Resources, Internal Audit, Investor Relations, Public Affairs and Communications, Real Estate, Logistics, Security, and served on the Executive Committee. While at Newmont, Mr. Kurlander led the integration of employees into Newmont from recently acquired companies and oversaw growth in the employee base from 3,000 to 13,000 worldwide. He established the internal audit and logistics department, provided executive oversight for the Gold Medal Program and worked with governments around the world on behalf of Newmont. The Republic of Uzbekistan named him its First Honorary Counsel General in the U.S., a position he still holds today.
“Tim Acton, CEO of International Gold Resources said, "Having worked with Dave and Larry I am extremely excited to have such consummate professionals as close advisors to IGRU. This is a major step forward in building the team we desire to make our company a premier exploration and development company."
“About International Gold Resources, Inc.
The vision of International Gold Resources Inc. is to generate favorable shareholder returns by exploring and developing mining properties in North and South Americas.
Sorry, my bad. I see that you've heard the same. Do you have any more details re the same?
Heard some talk on another forum re a possible buyout. Heard anything about this?
Troll, I don't think you quite understand what a promotion involves either. Go educate yourself before you begin to bash.
To all others who can keep up w/ the conversation, anyone have any info? Would greatly appreciate it.
surfer, that guy comes here and has nothing to contribute, who is spamming ?
I studied the IGRU chart last night. This has a good potential for a breakout. I would like to see some momentum to the upside. When it starts to move, you want to be on it. if it clears .65 you will see more buyers start to come in to form that bottom.
I will start to accumulate here.
Ok, not spam. How about misleading promotion?
If you don't got any info, I have no interest in what you have to say. Troll.
I don't think you know what spamming means. Ignorant little troll.
You guys are working hard. Put a board up and spamming the NEM yahoo board as well. Good little promo elves.
Mmm... Nice bottoms and buyouts, better than beer and pizza! Thanks for keeping me informed!!!
surfer. IGRU has an interesting story to it. It seems that the company is being run by former executives from Newmont mining. The chart says a bottoming formating is process. If this stock starts to move, it could form a nice bottom. I like nice bottoms. lol
Anyway, with former executives from a big boy gold company (NEM), this could be a candidate for a merger or buyout. We will see. The chart could tell the story.
Was hoping someone out there has some info on this one. Heard good things but need more.
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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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