Inter-Rock Reports First Quarter Results
May 26 2008 - 11:30AM
Marketwired
TORONTO, ONTARIO reported today its first quarter 2008 earnings.
Inter-Rock had income of US$129,000 for the quarter, compared to
income of $37,000 for the same period in 2007. First quarter EBITDA
increased to US$329,000 from US$282,000 in 2007.
MIN-AD
MIN-AD, Inc., Inter-Rock's industrial minerals subsidiary, had a
very successful first quarter. MIN-AD's sales volume was 4% higher
than in the first quarter of 2007 and unit operating and freight
costs both declined as compared with the prior year period. Sales
and marketing costs increased due to expanded sales efforts in the
Upper Midwest dairy market.
Mineral Properties
A gravity survey and an induced polarization survey were
completed at Inter-Rock's Stinagree Valley property. Assessment of
the data has indicated several areas of high exploration interest
and a follow-up drill program is being designed.
A track drill program is planned for the Sentinel property and
work on preparing the necessary permit application has begun. An
option agreement for the Cove Copper project was signed with
General Copper Corporation in February.
Additional information is available at
www.inter-rockminerals.com and on SEDAR at www.sedar.com.
No stock exchange or securities regulatory authority has
reviewed or accepts responsibility for the adequacy or accuracy of
this release.
Contacts: Inter-Rock Minerals Inc. Michael B. Crombie President
(416) 367-3003 (416) 367-3638 (FAX) Email: iro@on.aibn.com
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