Integra Gold Intersects 38.2 g/t Gold Over 7.0 Meters Including 241.0 g/t Gold Over 1 Meter, Confirms Continuity of Deeper Tr...
22 April 2014 - 1:00PM
Marketwired Canada
Integra Gold Corp. (TSX VENTURE: ICG)
Press Release Highlights:
-- Majority of high grade intercepts are from the deeper zones of the
Triangle Resource
-- Other significant intersections include:
-- TM-14-18 with 36.13 g/t Au over 1.0 m
-- TM-14-19 with 15.70 g/t Au over 2.0 m and 28.34 g/t Au over 2.0 m
-- TM-14-27 with 17.68 g/t Au over 3.0 m
-- TM-14-34 with 58.71 g/t Au over 1.0 m
Integra Gold Corp. (TSX VENTURE: ICG) ("Integra" or the "Company") is pleased to
announce additional results from its winter 2014 Triangle Zone definition and
extension drill program at the Lamaque Gold Project ("Lamaque") located in
Val-d'Or, Québec. The Company has now completed over 22,117 m of drilling in 58
drill holes on the Triangle Zone in 2014. The Triangle Zone, located in the
southern part of the Lamaque project, contains the Company's highest grade
indicated resource. Results announced today are from 10 holes, representing
3,900 m of the 2014 program. Integra has now released 23 holes out of the 58
drilled for a total 9,600 m. The Company currently has five drill rigs operating
on the Lamaque Project.
Drill result highlights include:
----------------------------------------------------------------------------
From To Interval
Drill Hole (m) (m) (m)* Grade (g/t)**
----------------------------------------------------------------------------
TM-14-07 107.00 110.00 3.00 7.93
(Partial)*** 117.00 119.00 2.00 6.53
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TM-14-18 237.50 238.50 1.00 36.13
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TM-14-11 to TM-14-17 - Assays Pending
----------------------------------------------------------------------------
509.00 511.00 2.00 15.70
554.00 561.00 7.00 38.17
TM-14-19 Cut 13.54
608.00 610.00 2.00 28.34
----------------------------------------------------------------------------
TM-14-21 to TM-14-23 - Assays Pending
----------------------------------------------------------------------------
TM-14-25 396.00 400.00 4.00 6.98
----------------------------------------------------------------------------
TM-14-27 636.00 639.00 3.00 17.68
----------------------------------------------------------------------------
139.00 143.00 4.00 6.10
TM-14-28 379.00 382.00 3.00 5.87
384.00 386.00 2.00 7.54
----------------------------------------------------------------------------
TM-14-29 to TM-14-33 - Assays Pending
----------------------------------------------------------------------------
TM-14-34 495.00 496.00 1.00 58.71
----------------------------------------------------------------------------
TM-14-35 to TM-14-58 - Assays Pending
----------------------------------------------------------------------------
* Down-hole thickness, true width varies depending on drill hole dip; most holes
are set to intersect the vein structures perpendicularly
** 1.00 g/t Au cutoff -- individual assay values uncut -- no minimum thickness
*** Partial results -- results from 184.0m and 380.0 m not available yet
To view a complete table of available composited assays for the 2014 results at
Triangle please click on the following link:
http://www.integragold.com/i/pdf/2014-Composites-Compilation-Triangle-Trance-2.pdf.
To view a location plan map of the drill holes disclosed today please click on
the following link (note: for clarity, this map only includes drill holes
disclosed in this news release):
http://www.integragold.com/i/pdf/2014-Triangle-Location-Map-Tranche-2.pdf.
"These latest results continue to confirm the continuity of the deeper
high-grade zones at the Triangle deposit which in the previous resource estimate
were primarily reported as inferred resources. These results demonstrate both
the potential to grow the resource at Lamaque as well as the Company's ability
to convert inferred resources to the indicated category. The current program at
Triangle has also tested the east, west and south limits of the Triangle
deposit, all of which remain open and continue to show potential for resource
expansion, with the majority of assay results still pending," commented Company
President and CEO, Stephen de Jong. "Drilling at the Triangle Zone has also
validated the geological model the Company used to determine the resources and
develop the mine plan in the Company's PEA."
Triangle Definition and Extension Drilling Program
The Triangle Zone winter drill program focused on both reducing the drill
spacing for the upper portion of the deposit, and testing for lateral extensions
in order to increase the overall resource base. Although drilling has
intersected multiple zones of high grade mineralization to over 1,000 m
vertical, the Company has opted to focus its efforts on near surface resource
expansion, above 600 meters, and further increase the level of confidence in
resources incorporated into its preliminary economic assessment ("PEA").
Deposits with similar geological characteristics in the immediate area, such as
the neighbouring Sigma Mine, have been mined to 2,000 meters within a host rock
that is known to continue at depth.
Drilling at the Triangle Zone has reduced drill spacing to approximately 35 m
centers for the upper portion part of the deposit, above the 600 m vertical
level. Drill holes had previously been spaced 50 to 75 m apart. This drilling
also aimed at confirming the continuity of the gold bearing horizons interpreted
in the 2013 resource model while at the same time being used to upgrade, or
convert, as much of the inferred resources as possible into the indicated
resource category. To date, drilling has definitively confirmed the mineralized
horizons structural continuity, providing further confidence in the Company's
geological model and in the Company's ongoing ability to continue to convert
resources to the indicated category.
This 2014 program also tested for extensions of the Triangle Zone in all
directions in order to increase the Company's near surface resources. Any new
resource calculations will be added to future economic evaluations. A number of
the drill holes disclosed today tested the deepest part of the Triangle zone,
and based on assay results available to date the program has been successful in
proving the continuity of those zones. Considering the results of the winter
program, the Company will be aggressively pushing forward on an updated resource
estimate, which it anticipates will be completed in the second half of 2014.
2014 Lamaque Drill Program
Planned drilling for 2014 at the Lamaque project has been increased to a minimum
of 45,000 m. This includes the current 24,000 m definition program at the
Triangle Zone, definition drilling at the Fortune Zone (8,000 m), exploration
drilling at Plug No. 5 (5,000 m) and Mine No. 3 targets (6,000 m), and
geotechnical drilling at Parallel, Triangle, and Fortune (2,000 m). The Plug No.
5 and Mine No. 3 targets are not currently included in the Lamaque Project's
total resource and pending the outcome of the proposed drill programs the
Company may conduct resource estimation on these targets in the latter part of
2014.
Project and Company Profile
Integra's Lamaque gold project is located in the heart of the Val-d'Or gold camp
in the Province of Québec, Canada, approximately 550 km northwest of Montréal.
Québec is rated one of the best mining jurisdictions in the world.
Infrastructure, human resources and mining expertise are readily available.
The Company's primary objective is to continue to prove up additional resources
while advancing the existing resource towards production. The project is divided
into three main clusters of mineralization, the North, South and West Cluster.
The North Cluster consists of the Parallel, Fortune, No. 5 Plug, and No. 3 Mine
Zones and is located approximately 1 km northwest from the South Cluster, which
includes the No. 4 Plug, Triangle and Triangle South Zones. The Sixteen Zone and
No. 6 Vein form the West Cluster.
Qualified Person
The Lamaque exploration project is under the direct supervision of Hervé
Thiboutot, Eng. and Senior Vice-President of the company, and Francois Chabot,
Eng., Operations and Engineering Manager of the Company, both Qualified Person
("QP") as defined by National Instrument 43-101, and Alain-Jean Beauregard,
P.Geo., and Daniel Gaudreault, Eng., Geo. of Géologica Inc., both independent
QP as defined by National Instrument 43-101. The Company's QPs have reviewed the
technical content of this release.
Quality Assurance - Quality Control ("QA/QC")
Thorough QA/QC protocols are followed on the project including insertion of
duplicate, blank and standard samples in all drill holes. The core samples are
submitted directly to Bourlamaque Lab in Val-d'Or for preparation and analysis.
Analysis is conducted on 1 assay-ton aliquots. Analysis of Au is performed using
fire assay method with atomic absorption finish, with a gravimetric finish
completed for samples exceeding 5 g/t Au, or a metallic sieve assay for samples
containing visible gold. When available the gravimetric or metallic sieve assay
results are used for the reported composite intervals.
ON BEHALF OF THE BOARD OF DIRECTORS
Stephen de Jong
CEO & President
Follow Integra Gold On:
-- Twitter: http://twitter.com/integragoldcorp
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this news release.
Cautionary Note Regarding Forward Looking Statements: Certain disclosures in
this release constitute forward-looking statements. In making the
forward-looking statements in this release, the Company has applied certain
factors and assumptions that are based on the Company's current beliefs as well
as assumptions made by and information currently available to the Company,
including that the Company is able to obtain any government or other regulatory
approvals required to complete the private placement and Company's planned
exploration activities, that the Company is able to complete the private
placement, that the Company is able to procure personnel, equipment and supplies
required for its exploration activities in sufficient quantities and on a timely
basis and that actual results of exploration activities are consistent with
management's expectations. Although the Company considers these assumptions to
be reasonable based on information currently available to it, they may prove to
be incorrect, and the forward-looking statements in this release are subject to
numerous risks, uncertainties and other factors that may cause future results to
differ materially from those expressed or implied in such forward-looking
statements. Such risk factors include, among others, that the private placement
will not be completed, that actual results of the Company's exploration
activities will be different than those expected by management and that the
Company will be unable to obtain or will experience delays in obtaining any
required government approvals or be unable to procure required equipment and
supplies in sufficient quantities and on a timely basis. Readers are cautioned
not to place undue reliance on forward-looking statements. The Company does not
intend, and expressly disclaims any intention or obligation to, update or revise
any forward-looking statements whether as a result of new information, future
events or otherwise, except as required by law.
FOR FURTHER INFORMATION PLEASE CONTACT:
CONTACT INFORMATION
Corporate Inquiries:
Chris Gordon
chris@integragold.com
www.integragold.com
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