U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report: October 4, 1999
INTERGOLD CORPORATION
(Exact name of small business issuer as specified in its charter)
NEVADA
(State or other Jurisdiction as Specified in Charter
00-25455 88-0365453
(Commision file number) (I.R.S. Employer Identification No.)
5000 Birch Street, West Tower, Suite 4000
Newport Beach, California 92660
(Address of Principal Executive Offices)
(949) 476-3611
(Issuer's telephone number)
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Item 5. Other Events
On September 27, 1999, Intergold Corporation (the "Company") and Geneva
Resources, Inc., a Nevada corporation ("Geneva") initiated legal proceedings
against AuRIC Metallurgical Laboratories, LLC, a Utah limited liability
corporation ("AuRIC"), and Dames & Moore, a Delaware corporation ("Dames &
Moore"), by filing its complaint in the District Court of the Third Judicial
District for Salt Lake City, State of Utah.
The Company and AuRIC had previously entered into an Agreement for Services
dated March 18, 1999 (the "Agreement for Services") whereby AuRIC agreed to
perform certain services, including the development of proprietary technology
and know-how relating to fire and chemical assay analysis techniques and
metallurgical ore extraction procedures developed specifically for the Company's
Blackhawk Property. Geneva and AuRIC also entered into a Technology License
Agreement dated March 17, 1999 (the "License Agreement") whereby AuRIC agreed to
supply the proprietary technology to Geneva and grant to Geneva a license to use
such technology on claims located in Lincoln, Camus, Blaine, and Gooding
Counties (the "territory"), and AuRIC also granted Geneva the right to
sub-license the proprietary technology to the Company for use on the Company's
Blackhawk Property. Dames & Moore subsequently verified the fire and chemical
assay techniques and procedures developed by AuRIC and their repeatability. The
Company subsequently entered into multiple work orders with Dames & Moore
relating to a variety of services, such as professional and independent project
management, project cost control, geological mapping and studies, permitting and
land use, chain of custody drill sample collection, environmental assessment
reports, survey mapping, petrographic studies, data management and data entry,
chain of custody assay database, geographic information systems, development
geology, project control, scheduling, geology support, chain of custody
protocols, laboratory evaluations, public involvement, and field mobilizations..
The Company and Geneva initiated legal proceedings against AuRIC for (i)
multiple breaches of contract relating to the Agreement for Services and the
License Agreement, respectively, including, but not limited to, establishment
and facilitation of the proprietary technology and fire assay procedures
developed by AuRIC at an independent assay lab and failure to deliver the
proprietary technology and procedures to the Company, Geneva, and Dames & Moore,
(ii) breach of the implied covenant of good faith and fair dealing; (iii)
negligent misrepresentation, (iv) specific performance, (v) non-disclosure
injunction, (vi) failure by AuRIC to repay advances, (vii) quantum meruit/unjust
enrichment. The Company also named Dames & Moore in the legal proceeding in a
declaratory relief case of action.
The Company is reviewing further legal remedies against AuRIC and Dames &
Moore and intends to aggressively pursue any and all such actions.
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Item 7. Exhibits.
99.6 Press Release dated October 1, 1999
SIGNATURES
In accordance with the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned, hereunto duly authorized.
INTERGOLD CORPORATION
By: /s/ Gary Powers
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Gary Powers, President
By: /s/ Grant Atkins
--------------------
Grant Atkins, Secretary
INTERGOLD CORPORATION (OTC BB-IGCO)
FOR IMMEDIATE RELEASE Newport Beach, California October 1, 1999
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INTERGOLD CORPORATION ANNOUNCES TEMPORARY SUSPENSION IN ITS
CHAIN OF CUSTODY DRILLING PROGRAM INTENDED TO PROVE AN ORE RESERVE
On behalf of the Board of Directors, Intergold Corporation, ("the Company")
reports that on June 2, 1999, the Company announced its plans pursuant to its
1999 drilling program with respect to their Blackhawk property 38 miles north of
Twin Falls in the State of Idaho. Prior to this date, the Company entered into
multiple streams of work with Dames & Moore to properly execute the work
required so the Company could book an ore reserve under chain of custody
protocol.
The Company has previously reported that Auric Metallurgical Laboratories, LLC
("Auric") had developed fire assay and extraction procedures for the Company and
that these procedures were verified by Dames & Moore in several independent
engineering reports. The Company has been working with both Auric and Dames &
Moore to duplicate Auric's developed fire assay procedures at an independent
lab. To date, and pursuant to certain contractual terms and provisions, Auric
and Dames & Moore have not been successful in transferring the Auric fire assay
technology to any independent third party assay laboratory.
The Company hereby announces that it has commenced legal proceedings against
Auric for multiple breaches of contract stemming from its Agreement for Services
dated March 18, 1999, and in this single legal action has co-joined Geneva
Resources, Inc., in proceeding against Auric for breaches of contract relating
to the Technology Sub-license agreement that the Company has entered into with
Geneva Resources, Inc. Dames & Moore has also been named in this legal
proceeding in a declaratory relief cause of action. The Company is reviewing its
further legal remedies with respect to all named parties.
The Company therefore announces the temporary suspension of its 1999 drilling
program intended to book an ore reserve pending the duplication of the fire
assay procedures at an independent lab capable of providing the production assay
volumes required by the 1999 drilling program. An accredited independent third
party lab is required in the development of an ore reserve. The Company will
utilize its best efforts to provide further verification efforts and develop a
solution to this problem.
Through the Company's subsidiary, "International Gold Corporation" the Intergold
Corporation is exploring a large mineralized prospect in the State of Idaho -
the Blackhawk I Gold Project, which is comprised of 321 contiguous unpatented
lode mining claims in Lincoln County, Idaho.
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Contact: Intergold Investor Relations E-mail: [email protected]
Phone: (888) 848-7377
SAFE HARBOR STATEMENT
Forward-looking statements in this release are made pursuant to the "safe
harbor" provisions of the Private Securities Litigation Reform Act of 1995.
Investors are cautioned that such forward-looking statements involve risks and
uncertainties, including, without limitation, commodity prices of precious
metals and actual results differing materially from projections because of
geological factors, operation factors, government regulations or factors relied
upon from independent sources, may either negatively or positively impact
exploration or mining operations. Forward-looking statements involve known and
unknown risks and uncertainties that may cause the Company's actual results in
the future periods to differ materially from forecasted results. The Company
assumes no obligation to update the information in this release.
