Vol. 224 - Not Your Average Alaskan Gold Play: Invenio Resources

Dear member,

"The opportunity of a lifetime! Your chance to metal detect for large gold nuggets on Alaska's largest, premier nugget producing creeks - Ganes Creek, Alaska. The largest nugget found at Ganes Creek weighed 122 ounces - over ten troy pounds!"

Quote taken from: http://www.clark-wiltz.com/

Don't worry, we're not selling travel packages up to Alaska, although if gold hits $3000 an ounce we might consider taking a leave from our day job for a few weeks. For a few months every year Ganes Creek, Alaska is home to hobby miners and gold enthusiasts alike. The area has produced some of the largest gold nuggets found in Alaska's history. As the gold market heats up, Americans will once again flock to Alaska in pursuit of gold. But not in the way they used to. This time it will be through investing in junior resource companies hoping to find the gold for them.

The United States is broke and rushing towards default or hyper inflation. Both scenarios could send the price of gold soaring. If we are right, companies strategically located in Alaska and the Yukon are positioned to capitalize on the continuing gold bull market which has yet to kick in to high gear. Our team has discovered a company with the rock rights to the Ganes Creek Gold Property in Alaska and believe it is an opportunity worth telling you about.

Below is an excerpt taken directly from the Clark Wiltz Ganes Creek Mining Website:

Ganes Creek has produced over 250,000 ounces of gold... and much of that gold includes some of the largest nuggets ever found in Alaska. Thousands of acres of tailing piles contain nuggets lost by bucketline dredges and inefficient bulldozer operations of the past. The chances of finding very large nuggets on Ganes Creek with a metal detector are some of the best in Alaska.  Roads and trails run the length of the operation, making for easy access.

During the last ten years, over 1,600 ounces of gold was found by prospectors using metal detectors on the Ganes Creek property!

This is a very unsophisticated way of searching for and finding gold. Why are we telling you all this? Read on to find out.

Ganes Creek Foreman, Earl Negus, holding a 23.65 ounce nugget!

http://www.clark-wiltz.com/
 
Earl found the above pictured nugget while 'mining' near the end of the 2010 season with a Gold Bug II metal detector.

If a man with a metal detector is finding gold nuggets worth more than $35,000, it makes sense to us that a mining company, with advanced modern day technology, would have a chance at finding some gold.

The Ganes Creek Gold Project resides in the prolific Tintina Gold Belt. One end of this belt is host to the infamous 42 million ounce Donlin Creek gold deposit.

Earl wasn't the first one to find a supersized nugget in this prolific region.
 
(the below discovery examples were also taken from: http://www.clark-wiltz.com/)

Ganes Nugget - 122 Troy Ounces

The 5th largest nugget in Alaska was found by Warren Magnuson and Lloyd Magnuson while engaged in commercial mining and is photographed here.
 
Magnuson Nugget - 62.5 Troy Ounces

The 13th largest nugget in Alaska was found in the same area as the Ganes Nugget by Warren Magnuson in 1985.

The Howard Specimen - 87.95 Ounces

Found on Ganes Creek near McGrath, Alaska in 2004 by Terry Howard with a metal detector.

The Wiltz Nugget - 55 Troy Ounces

The 17th largest nugget ever found in Alaska; found on Ganes Creek near McGrath, Alaska in 1996 by Dan Wiltz with a metal detector in the mining pit prior to processing.

Historically, very few regions in the world have ever consistently produced these types of nuggets - year after year.

The Ganes Creek Gold Project is Invenio Resources' (IVO:TSXV) latest acquisition with an option to earn a 100% interest. With a market cap under $3 million and the Ganes Creek Project in its control, we decided to take Invenio on as a client and Featured Company - It just made simple sense to us that we introduce it now as its share price has crumbled during this latest market correction. The Ganes Creek Gold Project, which consists of 109 claims covering approximately 6,200 hectares (15,400 acres) is located in south-central Alaska, approximately 440 km northwest of Anchorage and 40 km west of the town of McGrath.

The Ganes Creek Project has good accessibility, either by way of a state maintained gravel road that connects to a barge landing at Sterling, or via a gravel airstrip located on the property that is capable of handling large cargo aircraft. Currently, there is a camp located on the property that is capable of housing 12 people as well as heavy equipment to conduct trenching and road building.

Ganes Creek is situated in the Tintina Gold Belt which is host to the 42 million ounce Donlin Creek gold deposit, approximately 90km to the south west, and the Nixon Fork copper-gold skarn deposit approximately 62 km to the northeast. Ganes Creek is in the historic Ophir Mining District and lies along the prospective Yankee Creek/Ganes Creek (Y/G) fault zone, a 19 km geological feature which hosts numerous gold anomalies and prospects as well as several active placer gold operations.

 
 
You can see from the above diagram that Invenio's Ganes Creek Project lines up between Donlin Creek and Nixon Fork. The geology and style of mineralization at Ganes Creek is recognized to be similar to that of Donlin Creek.  Invenio also has the potential to discover high grade vein mineralization at Ganes Creek.

 

The company states on its website that ``Historical reports suggest that the Ganes Creek placer deposits have produced almost 250,000 ounces of gold.``

The last exploration program completed at Ganes Creek was between 2007 and 2008 and the last field season was summer 2008 after which the property was returned to the owner after the financial collapse in the fall of 2008. Our research has determined that roughly $3 million has already been spent on the project and much of this info will be utilized by Invenio Resources to determine drill targets this season.
 
 

Invenio can acquire a 100% interest in the Project by making cash payments totalling US$425,000 ($75,000 paid), issuing 500,000 common shares (200,000 issued) and incurring US$4.0 million in exploration expenditures over four years with US$500,000 by December 31, 2011; US$1.0 million by December 31, 2012; US$1.0 million by December 31, 2013 and US$1.5 million by December 31, 2014. On December 31, 2011, Invenio will pay US$50,000 and issue an additional 300,000 common shares. Additionally, Invenio will pay CW US$75,000, US$100,000 and US$125,000 on December 31, 2012, 2013 and 2014 respectively. The vendor will retain a 3% NSR with Invenio having the right to purchase 1% of the NSR for US$2.0 million.

Invenio has reported that the last program was considerable and much of the data obtained from the last field season was never made public. Invenio is the beneficiary of this unpublished work and it will be used to direct the Company's first work program on the Project. The 2007 and 2008 programs consisted of 32 km of trenching, geological mapping, and continuous chip sampling of the trenches, detailed mapping and structural analysis of the geologically complex areas and 84 km of ground geophysics. From the last program and also from results obtained from previous operators, Invenio has at its disposal, results from 3,850 soil samples, 1,170 rock samples, 4,400 continuous chip samples and 2,380 drill core samples.

Invenio will be targeting two styles of mineralization at Ganes Creek; structurally controlled vein prospects with the potential to host high grade gold and lower grade disseminated mineralization with the potential to host large tonnage, bulk mineable, lower grade gold. Previous samples taken from outcropping quartz veins have returned high-grade gold values including 592 g/t gold, 1,290 g/t gold, 1,470 g/t gold, 1,560 g/t gold and 2,140 g/t gold.

Below is an aerial view of Invenio's claims:

 
 
We believe Invenio's flagship asset warrants our speculative coverage as Ganes Creek remains a premier gold nugget searching destination. There has to be a source of all these years of placer gold mining.

Invenio's goal is to find the source and has outlined a program this summer to begin the process of trying to achieve its goal.

It was recently announced that Invenio Resources has retained Aurora Geosciences Ltd to conduct a comprehensive geophysical interpretation of all work done to date, including historical data at the Ganes Creek gold project.

Invenio will then integrate the newly modeled geophysical data with the geochemical data into a 3D database that will be used to identify drill targets.

Drilling Targets will Include:

•    Lode Style Gold
•    Bulk Mineable Targets

This is all happening as we speak. Invenio is reviewing the work being done by Aurora Geosciences and are beginning to identify drill targets.  
 
 
Invenio Resources Management Team:

Ken Booth, President & Director

Ken has more than 25 years of experience in exploration, mining corporate finance and public company administration. In mining corporate finance, he has worked for two of Canada's largest investment banks executing numerous equity financings for both junior and senior companies and was involved in a variety of significant mergers and acquisitions. While working for resource companies, Ken has held several positions including CEO and vice-president of corporate development. In these roles he was instrumental in raising equity funding and negotiating property acquisitions and joint ventures. He is also a director of two other exploration companies.

Douglas Hurst, Director

Doug is the Chairman of Selkirk Power Company and small hydro developer located in Nelson BC. Mr. Hurst was the former president of International Royalty Corporation (IRC) a TSX / AMEX listed resource royalty company. His original technical background is that of a geologist and later learned the art of finance over 10 years in Vancouver. Directly and indirectly he has raised over $200 million of private / public equity and in total he has 23 yrs experience in resource capital markets.

Jesse Grady MSc. Exploration Manager, Alaska

Mr. Grady finished his BS degree in Geology with honors at the University of Nevada Las Vegas and received a Master of Science Degree in Geology from the University of Nevada Las Vegas with an emphasis on structural geology, igneous petrology/geochemistry and global tectonics. Mr. Grady has held positions as an exploration geologist, project manager, and/or consultant for several companies and the Alaska State Geological Survey as well as providing geological services to the previous two operators at Ganes Creek.

Allan Williams, Director

Mr. Williams has over 26 years experience as a businessman and entrepreneur in public markets. Over the years Mr. Williams has worked in both the Energy and Junior Mining sectors. He has held Management and Executive positions in both sectors and has extensive experience from start up situations to project planning and development. He has raised in excess of 150 million dollars for companies in north America.

David Mallalieu, Advisory Board

In February Invenio appointed David Mallalieu to its advisory board. Mr. Mallalieu will provide financial and strategic advice. Mr. Mallalieu, formerly one of the top ranked gold analysts in Canada for many years, is currently a consultant to both the resource investment industry and the mining industry. He currently acts as one of the principal analysts to Geologic Resource Partners LLC, out of Boston MA.  
 
Key Facts to Consider when Evaluating Invenio:

Invenio has been hit hard by this recent market correction. Its fallback in share price is the reason we are introducing it to you now.

Invenio is currently trading at $0.13 per share and reached a 52 week high of $0.35 in February of this year. Its 52 week low is $0.11 per share.

Invenio has a puny market cap of roughly $2.8 million. Not one of our Featured Companies has a market cap this small.
 
Invenio Resources (IVO:TSXV) has a great deal of historical information on Ganes Creek to work from and has already begun. It is very difficult to find a gold company with a market cap of less than $3 million - never mind in the heart of the Tintina Gold Belt. This is an early notice opportunity as the company is just beginning its work program and is unknown to most of the investing community - a niche we always like to focus on when introducing new trading opportunities. Consider us bias when it comes to Invenio Resources as they are a client of ours. We will have further updates on the company as its story progresses this summer. Please feel free to contact us with any questions you may have.

All the best with your investments,


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