Incan Gold Corp
Incan Gold Corp: Incan Gold Corp Retains Jervis Explorations
Incan Gold Corp / Key word(s): Miscellaneous 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 E-mail: info@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 15.03.2012 Dissemination of a Corporate News, transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
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