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Interconnect Ventures Corp
Symbol IVC
Shares Issued 9,711,901
Close 2014-12-10 C$ 0.18
Market Cap C$ 1,748,142
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Interconnect drills two m of 8.72 g/t Au at Donna

2015-01-27 17:55 ET - News Release

Mr. Eyad Al Saleh reports

INTERCONNECT VENTURES CORPORATION ANNOUNCES RESULTS FROM EXPLORATION PROGRAM ON DONNA PROPERTY

Interconnect Ventures Corp. has released results for the recent diamond drill program that it has undertaken at the Donna property, located in south-central British Columbia. Discovery Consultants and Dorado Drilling Ltd. were commissioned by the company to carry out a four-hole NQ diamond drill program for a total of 492 metres in December, 2014. Drilling was based on targets generated from an induced polarization survey carried out on the Donna property in 2014.

All four drill holes intersected gold mineralization, including 8.72 grams per tonne gold over 2.0 metres (see attached table). Gold mineralization is associated with semi-massive sulphides, including pyrite, arsenopyrite, galena and pyrrhotite, which occur along the contact between a diorite intrusion and argillite. This newly discovered gold mineralization is 1.5 kilometres west of the area of historical trenching and drilling, and 350 metres west of the 2010 drilling. This expanded delineation of gold increases significantly the potential of the zone.

                       DDH 14-21 RESULTS

Sample No.    From (m)       To (m)   Width (m)       Au (g/t)

799652            9.0         11.0         2.0           0.65
799654           13.0         14.0         1.0           0.15
799662           24.0         26.0         2.0           0.23
799688           69.0         71.0         2.0           8.72

All samples were analyzed at Acme Analytical Labs in Vancouver, B.C., which is a certified ISO laboratory (ISO 9001:2000 and ISO 17025:1999). Analytical precision and accuracy were monitored by the use of duplicates, prep and pulp samples, and by standards.

Regional context:

  • The Donna property is located in the source headwaters of the historical Kettle River and Yeoward Creek placer gold camps.
  • The Donna property lies within one of the largest clusters of anomalous values in gold and typical associated pathfinder elements identified in the B.C. Regional Geochemical Surveys stream sediment program carried out in the joint federal-provincial programs from 1985 to 1990, with a detailed report published in 1991.

Drilling in 2014 tested targets west of the area of historical trenching and drilling, and upslope of the drainage that yielded gold values of more than three parts per million gold from a heavy mineral concentrate. Surface work in 2014 defined several induced polarization chargeability anomalies in the area. Follow-up drilling targeted select chargeability highs on the flank of the dioritic intrusion, itself defined by a broad resistivity low.

Summary

The mineral potential of the Donna property has increased significantly. The new drill results indicate that the diorite body is larger than previously known, as is the extent of associated gold mineralization along its southwestern margin. Additional high-chargeability and low-resistivity anomalies along this margin are largely untested and warrant follow-up drilling.

About the Donna gold property

The Donna property is located in south-central British Columbia in the Monashee Mountains approximately 65 kilometres east of Vernon, B.C. The Donna property is a contiguous block of seven mineral claims covering 2,298 hectares. The claims lie in the headwaters of the Kettle River and Yeoward Creek placer gold camps, both known as historical placer gold producers. Pursuant to an option and joint venture agreement dated Sept. 8, 2013, the company has an option to acquire a 70-per-cent right, title and interest in the Donna property from Alpha Exploration Inc. (a predecessor entity to Alpha Minerals Inc.), which owns 100 per cent of the Donna property.

The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and has been reviewed and approved on behalf of the company by Thomas H. Carpenter, PGeo, of Discovery Consultants, a qualified person.

We seek Safe Harbor.

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