Integra Gold Announces Additional High Grade Results at Triangle With 31.9 g/t Gold Over 3.0 Meters, 38.6 g/t Gold Over 2.3 M...
15 July 2014 - 10:00PM
Marketwired Canada
Integra Gold Corp. (TSX VENTURE: ICG) ("Integra" or the "Company") is pleased to
announce additional results from its 2014 Triangle Zone definition and extension
drill program at the Lamaque Gold Project ("Lamaque") located in Val-d'Or,
Québec.
The Company completed 25,040 meters ("m") of drilling in 65 drill holes as part
of its 2014 winter drill program at the high-grade Triangle Zone. The results
announced today are from 16 holes, representing 6,295 m of the program. This
program has focused on reducing drill spacing to 25 to 50 m centers in the core
of the Triangle deposit while also testing for lateral extensions of
mineralization. The Triangle Zone is located in the southern part of the Lamaque
project and contains the Company's highest grade indicated resource. In 2014 a
total of 51 holes, representing 19,290 of this program have been disclosed by
the Company.
Selected drill intercepts from holes disclosed today are presented in the
following table:
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From To Interval Grade
Drill Hole (m) (m) (m)* (g/t)**
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TM-14-13A 224.00 225.00 1.00 11.65
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TM-14-16 163.00 164.00 1.00 13.16
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179.25 182.25 3.00 31.93
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94.00 96.00 2.00 14.79
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TM-14-21 143.00 144.00 1.00 13.65
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185.00 186.00 1.00 22.26
------------------------------------------------
420.50 421.00 0.50 35.36
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TM-14-29 123.00 124.00 1.00 13.23
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TM-14-30 43.00 45.00 2.00 38.84
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353.20 355.50 2.30 28.11
------------------------------------------------
TM-13-37 441.10 441.80 0.70 47.09
------------------------------------------------
456.50 458.75 2.25 38.64
------------------------------------------------
534.10 540.50 6.40 9.63
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TM-14-38 171.00 173.00 2.00 26.68
----------------------------------------------------------------------------
TM-14-39 84.00 85.00 1.00 13.31
----------------------------------------------------------------------------
TM-14-45 281.75 283.75 2.00 22.23
----------------------------------------------------------------------------
TM-14-47 323.40 325.10 1.70 33.02
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*Down-hole thickness, true width varies depending on drill hole dip; most 2014
drill holes are intersecting the vein structures perpendicularly therefore down
hole width are close to true width
**1.00 g/t Au cutoff; individual assay values uncut; no minimum thickness
To view a complete table of available composited results for the 2014 drilling
please click on the following link. The table also identifies the 14 remaining
holes for which assay results are still pending:
http://www.integragold.com/i/pdf/TriangleComplete-AssayTable-July2014.pdf
To view a location plan map of the drill holes disclosed today please click on
the following link (note: this map only includes drill holes disclosed in this
press release):
http://www.integragold.com/i/pdf/TriangleZone-DrillMap-July2014.pdf
"We continue to be highly encouraged with the results from our winter drill
campaign. Intercepts released this morning further confirm our expectations that
the individual, gold bearing zones at the Triangle zone continue laterally and
at depth," commented Company President and CEO, Stephen de Jong. "Once all
results from the winter campaign are received, compiled and modelled, we will
complete a revised resource estimate for Triangle, in the second half of this
year. More than 59,500 meters, in 173 drill holes, of additional infill and
extension drilling, including this program at Triangle, has been completed at
the Lamaque Project since the cut-off date for the resource estimates used in
the March 2014 Preliminary Economic Assessment, definitively outlining the
potential to extend the future mine life of the Lamaque Project."
Triangle Definition and Extension Drilling Program
The drill program had three principal objectives:
1. Reduce the drill spacing for the upper portion of the known Triangle
deposit between surface to 300 m vertical depth to 25 to 50 m centers.
2. Assess the depth extensions of Triangle mineralization between 300 and
650 m vertical at 50 to 75 m drill centers. With the majority of the
resource below 450 m vertical previously falling into the inferred
resource category the drilling also aimed at improving the resource
category to a depth of 650 m vertical.
3. Test the extensions and continuity of the new Triangle mineralization
reported in volcanics to up to 175 m south of the known resources,
potentially increasing both inferred and indicated resources.
Outcomes and conclusions from 2014 Triangle Zone drilling:
1. Results to date strongly support and validate the Company's geological
model of the Triangle Zone used for both resource estimation and mine
planning in the PEA. Mineralized zones were intersected where the model
predicted they would be.
2. Validation of near surface lateral extensions, primarily to the south of
the Triangle Zone, with numerous drill holes intersecting high-grade
mineralized shear zones hundreds of meters from the extent of the
existing resource limit.
3. Wide, high-grade zones intersected outside of but in proximity to the
lower portion of the Triangle Zone resource, showing strong similarities
to lower, bulk tonnage sections of the adjacent Main Plug at the
historic Lamaque Mine. Mining at the Main Plug began using traditional,
selective narrow vein mining techniques but as production moved deeper,
below 500 meters, there were wide zones with multiple veins sets stacked
upon one another that they were able to apply much lower cost bulk
mining methods. The Main Plug of the Lamaque Mine produced 3.7 million
ounces and is located within a few hundred meters of Integra's Lamaque
project border.
The Company has re-started drilling on the Lamaque Project and intends to
complete an additional 20,000 m of drilling this year. The drilling will include
drilling the high-potential, untested geophysical targets near the Triangle Zone
and No. 4 Plug, completing the definition drilling at the Fortune Zone, and
further infrastructure condemnation drilling at the Triangle Zone (see press
release dated July 9, 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 gold deposits, the North, South and West Cluster.
The North Cluster consists of the Parallel, Fortune, No. 5 Plug, and No. 3 Mine
deposits and is located approximately 1 km northwest from the South Cluster,
which includes the No. 4 Plug and Triangle deposits. 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 all
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
Or visit the company website: www.integragold.com
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