Integra Gold Intersects 23.02 g/t Gold over 5.0m and 31.24 g/t Gold over 3.0m at Triangle Zone, Confirms Structural Continuit...
25 Marzo 2014 - 1:05PM
Marketwired Canada
Press Release Highlights:
-- Multiple intersections announced today occur outside of existing
resource
-- Other significant intersections include:
-- TM-14-03A with 76.06 g/t Au over 1.0 m, 29.55 g/t Au over 3.0 m, and
8.34 g/t Au over 7.0 m
-- TM-14-04 with 12.76 g/t Au over 2.0 m and 8.40 g/t Au over 3.0 m
-- TM-14-09 with 75.18 g/t Au over 1.0 m and 10.76 g/t Au over 1.0 m
-- TM-14-20 with 15.70 g/t Au over 2.0 m, 20.34 g/t Au over 3.0 m,
36.53 g/t Au over 1.0 m, and 11.23 g/t Au over 3.0 m
-- TM-14-24 with 7.48 g/t Au over 5.0 m and 8.94 g/t Au over 2.0 m
-- TM-14-26 with 11.35 g/t Au over 1.0 m and 8.06 g/t Au over 10.1 m
Integra Gold Corp. (TSX VENTURE:ICG) ("Integra" or the "Company") is pleased to
announce preliminary results from its 2014 winter Triangle Zone definition and
extension drill program at the Lamaque Gold Project ("Lamaque") located in
Val-d'Or, Quebec. The Company has now completed over 14,900 m in 38 drill holes
on the Triangle Zone. The current program has been increased from 22,000 m to
24,000 m in an estimated 61 holes. The Triangle Zone, located in the southern
part of the Lamaque project, contains the Company's highest grade indicated
resources. Results announced today are from the first 12 holes which only
represent 5,500 m of the drilling completed to date at Triangle. The Company
currently has seven drill rigs operating on the Lamaque Project, five of which
are at the Triangle Zone, one at the Fortune zone, and one rig cementing
historic holes on various parts of the property.
"Ongoing interpretation of these results continues to confirm the continuity of
high-grade mineralization between existing drill holes at the Triangle deposit,
while at the same time demonstrating significant potential to increase the
overall resource. The current program will also test the east, west and north
limits of the Triangle deposit, all of which remain open and continue to show
their potential to expand. Two hundred meters south of the Triangle deposit
drilling intersected high grade mineralization. The untested ground between this
new discovery and the Triangle deposit is now being drilled with initial results
indicating the mineralized structures are continuous," commented Company
President and CEO, Stephen de Jong. "Drilling at the Triangle Zone continues to
validate the geological model the Company used to determine the resources and
develop the mine plan in the Company's preliminary economic assessment ("PEA")
as mineralized zones continue to be intersected within a few meters of their
expected locations."
Drill result highlights include:
----------------------------------------------------------------------------
From To Interval Grade
Drill Hole (m) (m) (m)(i) (g/t)(ii)
----------------------------------------------------------------------------
TM-14-02 145.00 148.00 3.00 6.74
----------------------------------------------------------------------------
TM-14-03A 74.00 79.00 5.00 23.02
97.00 104.00 7.00 8.34
147.00 151.00 4.00 7.01
213.00 214.00 1.00 7.35
254.00 261.00 7.00 4.91
401.00 402.00 1.00 76.06
654.00 657.00 3.00 29.55
----------------------------------------------------------------------------
TM-14-04 79.00 81.00 2.00 12.76
100.00 103.00 3.00 8.40
273.00 280.00 7.00 3.96
----------------------------------------------------------------------------
TM-14-07 Assays pending
----------------------------------------------------------------------------
TM-14-08A 393.00 394.00 1.00 8.94
----------------------------------------------------------------------------
TM-14-09 299.00 302.00 3.00 31.24
309.00 310.00 1.00 75.18
316.00 317.00 1.00 10.76
----------------------------------------------------------------------------
TM-14-10A 327.00 328.00 1.00 7.36
----------------------------------------------------------------------------
TM-14-11 to TM-14-19 Assays pending
----------------------------------------------------------------------------
TM-14-20 82.00 86.00 4.00 4.70
243.00 248.00 5.00 4.60
604.00 606.00 2.00 15.70
649.00 652.00 3.00 20.24
668.00 669.00 1.00 36.52
698.00 701.00 3.00 11.23
----------------------------------------------------------------------------
TM-14-21 to TM-14-23 Assays pending
----------------------------------------------------------------------------
TM-14-24 282.00 287.00 5.00 7.48
608.00 610.00 2.00 7.92
652.00 654.00 2.00 8.94
----------------------------------------------------------------------------
TM-14-25 Assays pending
----------------------------------------------------------------------------
TM-14-26 577.00 578.00 1.00 11.35
626.90 637.00 10.10 8.06
----------------------------------------------------------------------------
TM-14-27 to TM-14-38 Assay Pending
----------------------------------------------------------------------------
(i) Down-hole thickness, true width varies depending on drill hole dip; most
holes are set to intersect the vein structures perpendicularly
(ii) 1.00 g/t Au cutoff - individual assay values uncut - no minimum thickness
To view a complete table of composited assays for the results announced today
please click on the following link:
http://www.integragold.com/i/pdf/2014_Composites_Compilation_Triangle_March.pdf
To view a location plan map of the drill holes disclosed today please click on
the following link (Please note, this map only includes drill holes completed in
2014):
http://www.integragold.com/i/maps/tz/Triangle_Zone_Plan_view_drilling_March_2014.pdf
Triangle Definition and Extension Drilling Program
The Triangle Zone drill program is 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, and
further increase the level of confidence in resources incorporated into its PEA.
It is important to note that multiple drill intersections announced today occur
outside of the current Triangle Zone resource estimate limit.
Drilling at the Triangle Zone is reducing drill spacing to 25-35 m centers for
the upper portion part of the deposit, above the 600 m vertical level. Drill
holes had previously been spaced approximately 50 to 75 m apart. This drilling
aims to confirm the continuity of the gold bearing horizons interpreted in the
2013 resource model while at the same time upgrade, or covert, 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 program is also testing for extensions of the Triangle Zone in all
directions in order to increase the resource base above the 600 m vertical
level. Any new resource calculations will be added to future economic
evaluations. A number of the drill holes disclosed today are peripheral to the
Triangle zone, either starting in between the Triangle and Triangle South zones
or testing lateral extensions (see drill hole location plan map). Considering
the initial results of this program, the Company will be aggressively pushing
forward on an updated global 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 Quebec, Canada, approximately 550 km northwest of Montreal.
Quebec 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 Herve
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 Geologica 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:
Corporate Inquiries: Integra Gold Corp.
Chris Gordon
chris@integragold.com
www.integragold.com
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