RENO, Nevada, March 05, 2019 (GLOBE NEWSWIRE) -- Itronics Inc. (OTC:ITRO) an “Innovative Zero Waste” technology
company that produces GOLD’n GRO fertilizers, and silver products, today reported that its subsidiary Whitney & Whitney, Inc. has
identified strong evidence for a Tertiary polymetallic low sulfidation gold system at the Auric Gold & Minerals, Inc. Fulstone Gold
Silver Zinc Copper exploration project in the Yerington Mining District in northwestern Nevada.
The newly identified mineralization is in a valley which is being named “The Golden Valley Prospect”. The
Golden Valley Prospect samples are indicating strong gold mineralization accompanied by anomalous silver, zinc, and copper.
There is a zone of anomalous gold, silver, and zinc mineralization about 1,000 feet to the north of Golden Valley that is about
1,000 feet by 600 feet in area and a zone of intensely bleached and altered rock about 500 feet east of Golden Valley that is about
1,000 feet by 2,000 feet in area. Both of these zones are believed to be associated with the newly discovered mineralization
in Golden Valley and are potentially all part of the newly identified mineralization as described below.
The Golden Valley Prospect is the third gold occurrence to be identified in the Buckskin Range and is the second
surface occurrence. The first is a high grade gold-copper surface vein system at the Buckskin Mine about six miles to the
south that was discovered in the early 1900’s. The second is a deep high grade copper-gold system about 3 miles to the south
that was discovered by Anaconda Copper in the early 1970’s, but that was not developed.
Field examination of a Landsat color anomaly in Golden Valley on which a significantly anomalous gold-in-soil
sample was taken revealed a strongly clay-altered and heavily limonite-stained intrusive andesite porphyry subcrop-probably a
leached cap, which is so strongly jointed as to appear shattered- adjacent to weakly-stained calc-siltstone. A part of this
color anomaly was tested with two traverses of soil-plus-rock samples. The traverses were comprised of 50 foot spaced samples
on a 350 foot long Northeast-Southwesterly line, and on a 400 foot long Northwesterly-Southeasterly line, including rock/soil
sampling, in the fall of 2018.
Multi-element analyses of 17 follow-up soil plus rock Golden Valley samples indicate that all “grab” samples of the andesite
porphyry leached cap and calc-siltstone are anomalous geochemically in gold, silver, zinc, copper, and gold-pathfinder/indicator
elements, and potassic clay alteration. All samples showed ppm-detectable gold- with two adjacent samples on altered porphyry
showing 14.05 ppm and 0.15 ppm gold. An additional 14 altered porphyry samples and one siltstone sample assayed from
0.006 ppm to 0.058 ppm gold and averaged 0.022 ppm gold. In addition to the gold assays, average values for several gold
pathfinder elements indicate an epithermal, low-sulfidation, polymetallic gold system.
The full size of the Golden Valley Prospect has not yet been measured, but immediately to the east of the valley
is a seriticized zone of andesite porphyry dikes and plugs that is about 1,000 feet by 2,000 feet in surface area which is believed
could be an extension of the Golden Valley mineralization. Another zone of similar surface mineralization in limestones and
calcareous siltstones is located about 1,000 feet north of the Golden Valley Prospect. This area which has been recon
sampled, but not yet grid sampled is characterized by anomalous ppm levels of gold and is accompanied by abnormally high silver and
zinc values. Based on geophysical analysis –both aeromag, and induced polarization- all three of these prospective areas are
probably underlain by an intrusive polymetallic mineralizing source. Based on geological interpretation, the mineralization
is believed to be of Tertiary geologic age.
The combination of positive geochemistry, geology, and geophysics indicators is such that the Golden Valley
Prospect and its associated mineralized zones is a viable target for drilling to measure the scope and content of mineralization in
the underlying rocks. There is a high probability that drilling will measure out a large tonnage of rock containing gold,
silver, zinc, and copper at this location.
The Yerington Mining District hosts several multi-hundred million ton copper deposits, and is favorable for
discovery of additional large deposits. The Fulstone Project is one of the more prospective areas in the district that has
not yet been drilled. As a Tertiary polymetallic low sulfidation gold system, it offers the potential for the discovery of near
surface gold, silver, zinc, and copper which is quite different and could be much more valuable than other prospects in the
district, which are mostly enriched in copper.
Companies that may have an interest in participating in the development of the Auric Fulstone Project should send their inquiry to
www.Itronics.com, attention Whitney & Whitney, Inc.
About Itronics
Headquartered in Reno, Nevada, Itronics Inc. is a “Creative Green Technology” Company which produces GOLD’n GRO specialty liquid
fertilizers, silver bullion, and silver-bearing glass. The Company’s goal is to achieve profitable green technology driven organic
growth in specialty GOLD’n GRO fertilizers, silver, zinc, and minerals. The Company’s technologies maximize the recovery and
uses of metals and minerals and by doing this maximize sustainability.
Through its subsidiary, Itronics Metallurgical, Inc., Itronics is the only company with a fully permitted
“Beneficial Use Photochemical, Silver, and Water Recycling” plant in the United States that converts 100 percent of the spent
photoliquids into GOLD’n GRO liquid fertilizers, silver bullion, and silver bearing glass. This is internationally recognized award
winning “Zero Waste” Technology. The Company is developing a portfolio of environmentally beneficial “Zero waste” processing
and mining technologies. Itronics has received numerous domestic and international awards that recognize its ability to
successfully use chemical science and engineering to create and implement new environmentally green recycling and fertilizer
technologies.
The Company's environmentally friendly award winning GOLD'n GRO liquid fertilizers, which are extensively used in agriculture, can be used for lawns
and houseplants, and are available at the Company's "e-store" on Amazon.com. Due to expanded retail customer interest, GOLD'n GRO fertilizer may now
be purchased in Reno, Nevada at the "Buy Nevada First Gift Shop" at 4001 S. Virginia St.
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or may contain forward-looking statements such as statements regarding the Company's growth and profitability, growth strategy,
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including those more fully described in the Company's filings with the Securities and Exchange Commission. The Company
assumes no obligation to update these forward-looking statements to reflect actual results, changes in risks, uncertainties or
assumptions underlying or affecting such statements, or for prospective events that may have a retroactive effect.)
Contact:
Paul Knopick
888-795-6336
