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
April 22, 2014 --
April 22, 2014
Press Release Highlights:
Majority of high grade intercepts are from the deeper zones of the Triangle Resource
Other significant intersections include:
o TM-14-18 with 36.13 g/t Au over 1.0 m
o TM-14-19 with 15.70 g/t Au over 2.0 m and 28.34 g/t Au over 2.0 m
o TM-14-27 with 17.68 g/t Au over 3.0 m
o TM-14-34 with 58.71 g/t Au over 1.0 m
VANCOUVER, BC: Integra Gold Corp. (TSX-V: 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-dOr, Qubec. The Company has now completed over 22,117 m in 58 drill holes on the Triangle Zone in 2014. The Triangle Zone, located in the southern part of the Lamaque project, contains the Companys highest grade indicated resource. Results announced today are from an additional 10 holes drilled, representing 3,900 m of the 2014 drilling completed at the Triangle Zone. Integra has now released 23 holes out of 58 drilled for a total 9,600 m. The Company currently has five drill rigs operating on the Lamaque Project.
Drill result highlights include:
Drill From To IntervGrade
Hole (m) (m) al (g/t)
(Partial0 0 2.00 6.53
TM-14-11 to TM-14-17 Assays
0 0 7.00 38.17
TM-14-21 to TM-14-23 Assays
0 0 3.00 5.87
TM-14-29 to TM-14-33 Assays
TM-14-35 to TM-14-58 Assays
* 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:
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):
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 comprised of primarily inferred resources. These results demonstrate both the potential to grow the resource at Lamaque as well as the Companys 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 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 Companys 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 Companys geological model and in the Companys 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 Companys 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 Projects 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
Integras Lamaque gold project is located in the heart of the Val-dOr gold camp in the Province of Qubec, Canada, approximately 550 km northwest of Montral. Qubec is rated one of the best mining jurisdictions in the world. Infrastructure, human resources and mining expertise are readily available.
The Companys 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.
The Lamaque exploration project is under the direct supervision of Herv 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 Gologica Inc., both independent QP as defined by National Instrument 43-101. The Companys 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
Corporate Inquiries: Chris Gordon: firstname.lastname@example.org
Or visit the company website: www.integragold.com
P.O Box 11144, Royal Centre
Nr. 2270 -1055 West Georgia Street
Vancouver, BC Kanada, V6E 3P3
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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.
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