Inter-Rock Reports Second Quarter Results
August 28 2008 - 11:19AM
Marketwired
Inter-Rock Minerals Inc. (TSX VENTURE: IRO) reported today its
second quarter 2008 earnings. Inter-Rock had income of US$95,000
for the quarter, compared to income of $37,000 for the same period
in 2007. Second quarter EBITDA increased to US$303,000 from
US$272,000 in 2007.
MIN-AD
MIN-AD, Inc., Inter-Rock's industrial minerals subsidiary, had
another successful quarter this year. MIN-AD's sales volume was
1.5% higher than in the second quarter of 2007 despite a decline of
5% in cattle-on-feed. The sales increase was attributable to
increased dairy marketing efforts. Operating cost increases were
offset by higher revenues.
Mineral Properties
Data interpretation of a gravity survey and an induced
polarization ("IP") survey was completed for Inter-Rock's Stinagree
Valley property. The IP survey detected a zone of highly anomalous
IP response that is also associated with a gravity gradient.
Testing of this feature, and other identified structural features,
is planned by drilling with several fences of holes.
A soil sampling program is underway at the Sentinel property. A
total of 230 samples were gathered on a 100 foot grid at both the
northern section of the property and at the southern boundary of a
previously outlined anomalous gold zone. A track drill program will
be laid out on the basis of the sampling results.
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 Website:
www.inter-rockminerals.com
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