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 Triangle
Zones
VANCOUVER, BC--(Marketwired
- April 22, 2014) - 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:
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Drill Hole |
From (m) |
To (m) |
Interval (m)* |
Grade (g/t)** |
TM-14-07 (Partial)*** |
107.00 117.00 |
110.00 119.00 |
3.00 2.00 |
7.93 6.53 |
TM-14-18 |
237.50 |
238.50 |
1.00 |
36.13 |
TM-14-11 to TM-14-17 - Assays Pending |
TM-14-19 |
509.00 554.00 Cut 608.00 |
511.00 561.00 610.00 |
2.00 7.002.00 |
15.70 38.17 13.54 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 |
TM-14-28 |
139.00 379.00 384.00 |
143.00 382.00 386.00 |
4.00 3.00 2.00 |
6.10 5.87 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 |
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* 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 JongCEO & President
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- 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.
CONTACT INFORMATION Corporate Inquiries:Chris
Gordonchris@integragold.com www.integragold.com
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