Thursday, September 20, 2007
DENVER, Sep. 20, 2007 (Business Wire) -- International Gold Resources, Inc. (Pink Sheets:IGRU) today announced the Company has engaged Behre Dolbear & Company (USA), Inc. (Behre Dolbear) to provide technical advisory services for IGR's exploration work in Brazil.
Behre Dolbear is one of the oldest and most highly respected mineral consulting firms, with locations worldwide. They also provide global expertise on all aspects of the world mining industry. Behre Dolbear recently completed preliminary due diligence efforts on IGR's Brazilian and Yukon mining assets.
Tim Acton, CEO for IGR, stated, 'Our efforts in Brazil are gaining momentum on several priority exploration targets. The engagement of Behre Dolbear as our technical advisor will provide IGR with the necessary expertise to validate our on-going work, to allow us to substantiate this work, and to meet recognized International Standards.'
The terms of the engagement will provide IGR with assistance in developing exploration programs, monitoring and validating on-going work, certifying that resource/reserve estimates meet International Standards, and advising on Brazilian mining and business practice.
Behre Dolbear's Project Manager will be Mr. Robert S. Belica. Mr. Belica recently completed Behre Dolbear's Phase 1 review of IGR's Brazilian assets and concluded, 'IGR has acquired mineral claims in the most attractive regions of the State of Amapa and is pursuing an exploration program, principally for gold.' Mr. Belica has extensive experience in Brazilian mining project development and with the Brazilian business and regulatory cultures. At one time in his career, he served as Director of Planning & Mineral Economics for Companhia Vale Do Rio Doce ('CVRD') where he directed commodity studies, feasibility evaluations, and economic evaluations for new ventures and acquisitions. He also served as Chief Financial Analyst for Amselco Minerals, the mineral exploration subsidiary of British Petroleum Company and was responsible for evaluation of numerous international mining prospects. He is fluent in Portuguese.
Mr. Belica will have at his disposal, the resources of the entire Behre Dolbear organization. He will have access to Behre Dolbear professionals with expertise in all the disciplines required to support his efforts on behalf of IGR.
About International Gold Resources, Inc.:
The vision of International Gold Resources, Inc. is to become recognized as one of the premier gold exploration companies in the world.
The statements in the press release that relate to the company's expectations with regard to the future impact on the company's results from new products or actions in development are forward-looking statements, within the meaning of the private securities litigation reform act of 1995. The statements in this document may also contain 'forward-looking statements' within the meaning of section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Since this information may contain statements that involve risk and uncertainties and are subject to change at any time, the company's actual results may differ materially from expected results.
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