GOLD study on or before April 1, 2004 Estimated completion date
INTREPID MAKES MAJOR ANNOUNCEMENT ON GOLD PROPERTY
Press Release
Idaho Falls, Idaho, December 19, 2003 -- Intrepid Technology and Resources, Inc. (ITR) a renewable energy company (OTC Bulletin Board: IESV) has engaged the services of Wiley Consulting Associates, LLC (WCA) of Englewood, Colorado to provide a comprehensive evaluation of ITR’s gold properties located in western Montana. The evaluation will include the Garnet gold property, which contains an estimated 450,000+ oz., of gold.
The company anticipates that the results of the study by WCA will result in a final decision to either sell the property, or under a joint venture, open the mine. ITR’s chairman Dr. Dennis Keiser stated in making the announcement on the gold property evaluation that “with the sharp increase in gold prices to the 400 dollar per oz. range it may now be advantageous for ITR to consider all available options.” The contract additionally includes an agreement by WCA to assist in locating and securing potential buyers or joint venture partners once the study has been completed if the study indicates that the property is currently commercially viable. Completion of the study is estimated to be on or before April 1, 2004.
http://intrepid21.com/PR-12-19-03.htm
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