Integra Gold Intersects 91.03 g/t Gold Over 1.0 Meter, 73.75 g/t
Gold Over 1.0 Meter and 29.69 g/t Gold Over 3.0 Meters at Parallel
Zone
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb 19, 2014) -
Integra Gold Corp. (TSX-VENTURE:ICG) -
Press Release Highlights:
- Results indicate good continuity of gold mineralized high-grade
zones
- High-grade mineralization encountered throughout Parallel Zone
deposit
- All results today from drilling done above 300 m vertical
depth
- Other significant intersections include:
- PV-13-22 with 23.94 g/t Au over 1.00 m
- PV-13-22 with 15.16 g/t Au over 4.00 m
- PV-13-22 with 16.98 g/t Au over 2.00 m
- PV-13-25 with 23.79 g/t Au over 3.00 m
- PV-13-26 with 19.72 g/t Au over 1.00 m
- PV-13-33 with 14.93 g/t Au over 1.00 m
Integra Gold Corp. (TSX-VENTURE:ICG) ("Integra" or the
"Company") is pleased to announce final results from its 2013
fall/winter Parallel Zone definition drill program at the Lamaque
Gold Project located in Val-d'Or, Québec. The Company completed
12,589 m in 40 drill holes on the Parallel Zone, one of its highest
grade zones located in the northern part of the Lamaque Project.
Results announced today are from the final 20 holes of this
program. The Company currently has three drill rigs operating at
the Triangle Zone with a total of 7,050 m in 18 holes completed
since January 4, 2014. No assay results are available to date.
"Preliminary interpretation of these results has confirmed the
continuity of high-grade mineralization between existing drill
holes. More importantly, these results continue to prove our
geological model performs well in predicting the location of
mineralized structures within the Parallel Zone. As this model is
used for both resource estimation and mine planning, it will
greatly influence our plans in the future. With all results from
Parallel drilling now received, we will proceed with a resource
estimate update which will be released later this year," commented
Company President and CEO, Stephen de Jong. "The results announced
today, along with the results disclosed earlier this month, will
not be incorporated into our upcoming preliminary economic
assessment ("PEA"), but will be included in future economic
evaluations and resource estimations."
Drill result highlights include:
Drill Hole Number |
From (m) |
To (m) |
Interval (m)* |
Gold Assay (g/t)** |
PV-13-21 |
219.00 |
222.00 |
3.00 |
29.69 |
PV-13-22 |
151.00 224.00 231.00 |
152.00 228.00 233.00 |
1.00 4.00 2.00 |
23.94 15.16 16.98 |
PV-13-25 |
125.00 188.00 |
128.00 189.00 |
3.00 1.00 |
23.79 10.36 |
PV-13-26 |
133.00 159.00 182.00 |
134.00 160.00 183.00 |
1.00 1.00 1.00 |
19.72 73.75 12.46 |
PV-13-27 |
72.00 |
74.00 |
2.00 |
10.63 |
PV-13-28 |
83.00 |
84.00 |
1.00 |
91.03 |
PV-13-29 |
62.00 143.00 171.00 183.00 |
64.00 149.00 174.00 185.00 |
2.00 6.00 3.00 2.00 |
8.29 4.37 7.05 7.00 |
PV-13-30 |
154.00 |
157.00 |
3.00 |
8.16 |
PV-13-33 |
39.00 |
40.00 |
1.00 |
14.93 |
PV-13-35 |
157.00 |
159.00 |
2.00 |
7.84 |
PV-13-39 |
245.00 |
247.00 |
2.00 |
8.48 |
|
|
|
|
|
* Down-hole thickness, true width varies
depending on drill hole dip, most holes are set to intersect vein
structures perpendicularly |
** 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 (holes PV-13-21 to PV-13-39) please click on the
following link:
http://www.integragold.com/i/pdf/2013-Composites-Table-for-Parallel-Zone_v2.pdf
To view a table of composited assays from the first 20 holes
completed at the Parallel Zone, which were disclosed in a Company
press release on February 11, 2014, please click on the following
link:
http://www.integragold.com/i/pdf/2013-Parallel-Drill-Hole-Composites_v2.pdf
Parallel Definition Drilling Program
Drilling at the Parallel Zone focused on reducing the drill
spacing to 25-35 m centers for the upper portion of the deposit,
above the 300 m vertical threshold. Drill holes had previously been
spaced approximately 50 to 75 m apart.
The objective of this program was to transfer inferred resources
into the indicated category and to confirm mineralization
continuity between existing drill holes. Preliminary indications
are that mineralization is continuous between existing drill holes
as well as between a number of the high-grade intercepts reported
today. The majority of holes disclosed today intersected
mineralization where the Company's geological model predicted it
should occur, providing further confidence in the model as the
Company moves forward. The most significant and high-grade
intervals continue to come from Zone 6 which appears to be the most
consistent and predictable structure at the Parallel Zone.
2014 Lamaque Drill Program
Planned drilling for 2014 at the Lamaque project has been set at
a minimum of 40,000 m. This includes the current 20,000 m
definition program at the Triangle Zone, definition drilling at the
Fortune Zone, and exploration drilling at Plug No. 5 and Mine No. 3
targets. The Plug No. 5 and Mine No. 3 targets are not currently
included in the Lamaque Project's total resource as the Company
intends to 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. and 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 ALS Laboratory
Group and Bourlamaque Labs 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.
Corporate Inquiries:Integra Gold Corp.Chris
Gordonchris@integragold.comwww.integragold.com
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