Integra Gold Receives $752,094 Quebec Resource Tax Rebate
18.09.2013 | Marketwire
VANCOUVER, BRITISH COLUMBIA -- (Marketwired - Sept. 18, 2013) - Integra Gold Corp. (TSX VENTURE:ICG) ("Integra" or the "Company") is pleased to announce it has received, from the offices of Revenu Quebec, a cash payment of $752,094. The payment represents the Quebec mineral exploration tax credit relating to the Company's 2011 exploration expenditures on its Lamaque Gold Project. The total amount received by the Company, including $16,080.98 in interest, was $752,093.98. Eligible exploration expenditures on the Company's Quebec Properties qualify for a refundable provincial tax credit of 32%.With receipt of the 2011 tax credit the Company currently has cash reserves of approximately $5 million and no debt.
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 split into two clusters, the North and South Clusters, which are located approximate 1 kilometer ("km") from each other. The Lamaque Project's primary target, the South Cluster which presently consists of the Plug No. 4 and Triangle zones, is approximately 3 km from the City of Val d'Or. The North Cluster, presently consisting of the Parallel and Fortune zones, is located 1 km from the city.
ON BEHALF OF THE BOARD OF DIRECTORS
Stephen de Jong, CEO & President
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Contact
Corporate Inquiries:
Integra Gold Corp.
Chris Gordon
Chris@integragold.com
www.integragold.com