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Last $0.09 USD
Change Today -0.0291 / -24.23%
Volume 44.6K
As of 8:10 PM 07/2/15 All times are local (Market data is delayed by at least 15 minutes).

intertech solutions inc (ITEC) Snapshot

Open
$0.10
Previous Close
$0.12
Day High
$0.10
Day Low
$0.09
52 Week High
07/7/14 - $1.01
52 Week Low
03/31/15 - $0.07
Market Cap
26.8K
Average Volume 10 Days
67.8K
EPS TTM
--
Shares Outstanding
294.7K
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for INTERTECH SOLUTIONS INC (ITEC)

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intertech solutions inc (ITEC) Details

Intertech Solutions, Inc. operates as a project finance management and services consulting company. It provides development capital, engineering, project supervision, and technical management services to various projects in the natural resources sector. The company plans to identify, invest, and co-manage gold projects. It has a funding and gold stream agreement with Westport Gold for the Westport Gold project in Arizona. Intertech Solutions, Inc. also holds interests in the Hunter Creek project covering 13,600 acres of claims, containing 6 individual placer and river bar deposits located northwest of Fairbanks, Alaska. The company was formerly known as Amwest Imaging Incorporated and changed its name to Intertech Solutions, Inc. in July 2013. Intertech Solutions, Inc. was founded in 2010 and is based in Scottsdale, Arizona.

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intertech solutions inc (ITEC) Key Developments

Intertech Solutions , Inc. Provides Update on its Hunter Creek Project in Alaska

Intertech Solutions Inc. announced further details on the company's latest gold acquisition, the Hunter Creek Project in Alaska. The mine is located 75 miles northwest of Fairbanks, Alaska, within the Rampart Mining District, one of Alaska's most prolific gold producing areas and lies within 'Tintina Gold District'. An initial geological and engineering review has now been completed on Hunter Creek. Hunter Creek holds large tonnage potential on over its 13,600 acres of claims, containing 6 individual placer and 'river bar' deposits present that can be exploited over a strike length of 2.5 miles. The preliminary tonnage calculations assumes a consistent pay streak of 20 feet, and a channel width of 200 feet, now estimate a minimum of over 3.3 million tons of gold bearing pay to be present on the Hunter Creek section alone. This does not include any calculations on the other 5 sections of bar deposits thus its deposit tonnage will most likely be much higher once the full analysis is complete. If the Hunter Creek grade is maintained at 4 grams per ton, the inferred resource may contain a minimum of 400,000 ounces of gold.

Intertech Solutions Inc. Receives Results from Analytical Laboratory at WPE Project, Arizona

Intertech Solutions Inc. announced that the company has received all results from the analytical laboratory on the recently disclosed 1.65 ton bulk sample. The company is very pleased to report that the gold assays received on all samples of composite ore from new and existing trenches and ore stockpiles gave an overall grade 6.39 grams per ton, or 0.190 ounces per ton. This is the largest, and most comprehensive bulk sample processed to date and has yielded the overall grade. As they process larger volumes, the amount of gold recovered is increasing, which further confirms the existence of a continuous and more expansive ore body. By comparison, its 1,000 lb. sample graded 5.7 grams per ton compared to this sample which processed three times the ore volume graded 6.39 grams per ton. They will sample a further 5 to 10 tons of ore and can now anticipate a minimum head grade of 6 grams on all ore material processed. Additionally, they are pleased that its ore continues to run within the predicted 5 to 9 gram per ton parameter range, as established during its Phase 1 program and outlined in the technical report that can be viewed on its website. The bulk sample material received a thorough visual inspection during all phases of the acquisition process, and of significance was that gold was viewed in all of the samples. This includes fine powder gold, flakes and needles of gold as well as nuggets up to 2 grams in weight. Through testing the gold has now been observed to be easily recoverable through simple gravity separation at the wash plant. When full operations commence, they are now very confident about achieving a very high recovery rate in excess of 95%. Also noteworthy is the consistency of the assays throughout all the sampled material which is very important and will simplify grade control when they commence commercial production in early 2015. The bulk sampling program being undertaken is in keeping with the recommendations of the project technical report, as well as paralleling the ongoing metallurgical studies which are analyzing the WPE gold ore, and characterizing its nature. They will continue to process more ore and larger samples, which have now shown to statistically give better and more accurate results. The WPE Claims #1-#4 claims are located in the Middlecamp Mining District in La Paz County, near Quartzite Arizona. The gold claims cover a total of 160 contiguous acres and have easy access between Phoenix and Palm Springs, CA along Interstate 10.

Intertech Solutions , Inc. Completes Additional Bulk Sample at WPE Project, Arizona

Intertech Solutions, Inc. reported that the Company has completed its first bulk sample as part of the development program previously announced on August 22. The bulk sample has been shipped to the analytical facility for assaying with results expected to be available in approximately one week. The samples of gold ore were acquired from new trenches and existing ore stockpiles with a total combined weight of 1.65 tons. The ore received thorough visual inspection during all phases of the acquisition process, and of significance was that gold was observed in all of the samples. This includes fine powder gold, flakes and needles of gold as well as nuggets up to 2 grams in weight. Additionally, the various alluvial and placer deposits as well as quartz diorite host rocks to the gold were carefully sampled and segregated. The information will be compared to the assay results, and will measurably aid in establishing exact parameters for upcoming grade control when the project goes into full production. The bulk sampling program being undertaken is in keeping with both the recommendations of the project technical report, as well as paralleling the ongoing metallurgical studies which are analyzing the WPE gold ore, and characterizing its nature.

 

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Price/Sales 11.0x
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TEV/Sales 4,869.0x
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