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 Continuity with
South Triangle Discovery; Mobilizes Sixth and Seventh Drill Rig
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Mar 25, 2014) -
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, Québec. 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:
Drill Hole |
From (m) |
To (m) |
Interval (m)* |
Grade (g/t)** |
TM-14-02 |
145.00 |
148.00 |
3.00 |
6.74 |
TM-14-03A |
74.00 97.00 147.00 213.00 254.00 401.00 654.00 |
79.00 104.00 151.00 214.00 261.00 402.00 657.00 |
5.00 7.00 4.00 1.00 7.00 1.00 3.00 |
23.02 8.34 7.01 7.35 4.91 76.06 29.55 |
TM-14-04 |
79.00 100.00 273.00 |
81.00 103.00 280.00 |
2.00 3.00 7.00 |
12.76 8.40 3.96 |
TM-14-07 |
Assays pending |
TM-14-08A |
393.00 |
394.00 |
1.00 |
8.94 |
TM-14-09 |
299.00 309.00 316.00 |
302.00 310.00 317.00 |
3.00 1.00 1.00 |
31.24 75.18 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 |
82.00 243.00 604.00 649.00 668.00 698.00 |
86.00 248.00 606.00 652.00 669.00 701.00 |
4.00 5.00 2.00 3.00 1.00 3.00 |
4.70 4.60 15.70 20.24 36.52 11.23 |
TM-14-21 to TM-14-23 |
Assays pending |
TM-14-24 |
282.00 608.00 652.00 |
287.00 610.00 654.00 |
5.00 2.00 2.00 |
7.48 7.92 8.94 |
TM-14-25 |
Assays pending |
TM-14-26 |
577.00 626.90 |
578.00 637.00 |
1.00 10.10 |
11.35 8.06 |
TM-14-27 to TM-14-38 |
Assay 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
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 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.
Corporate Inquiries: Integra Gold Corp.Chris
Gordonchris@integragold.comwww.integragold.com
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