Int’l Gold sells U.S. properties

To focus exploration efforts outside of North America, International Gold Resources (TSE) is selling its two advanced projects in Idaho.

At the Humbug property, a “geological resource” of 27 million tons grading 0.029 oz. gold per ton has been identified. Proven and probable reserves stand at 5.8 million tons averaging 0.036 oz.

At the Arnett Creek property, drilling has indicated a proven and probable reserve of 6 million tons averaging 0.036 oz. gold.

Proceeds from the sale will be used to explore plays in Ghana, in other parts of Africa and elsewhere.