Integra Gold Intersects 32.32 g/t Gold over 3.0 meters in First Exploration Drill Program at No. 3 Mine Target
Press Release Highlights:
- Depth extension of No. 3 Mine veins confirmed
- Other significant intersections include:
-- M3-13-01A with 9.62 g/t Au over 2.00 m
-- M3-13-02 with 10.65 g/t Au over 1.00 m
-- M3-13-06 with 26.20 g/t Au over 1.00 m
-- M3-13-09 with 13.55 g/t Au over 3.00 m
-- M3-13-10 with 32.54 g/t Au over 1.50 m
- No. 3 Mine target remains open along strike and at depth
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov 26, 2013) - Integra Gold Corp. (TSX VENTURE:ICG) ("Integra" or the "Company") is pleased to announce drilling results from its 2013 fall drill program on the No. 3 Mine target at its Lamaque Gold Project located in Val-d'Or, Québec. The Company completed 4,785 m in 12 drill holes.
"The No. 3 Mine target is an exciting target as high-grade ounces have been produced from it historically by Teck and its depth and lateral extensions have never been fully explored or mined. Past drilling by Teck at the bottom of the historic shaft, at a vertical depth of 215 meters, intersected multiple, high grade veins which were never followed up on. This target is particularly attractive as it lies directly between two of the Company's high priority deposits, the No. 4 Plug and the Parallel Zone. Due to the close proximity of the various mineralized zones at the Lamaque Project, we expect the same mining infrastructure will be used to access multiple zones at once, including the No. 3 Mine," commented Company President and CEO, Stephen de Jong. "Our success in this first phase of drilling on this target clearly demonstrates that historic zones still have significant exploration potential. We are optimistic that additional discoveries will be made at Lamaque through our ongoing compilation of historic archives and we are confident that additional areas of mineralization, much like the No. 3 Mine depth extension, will continue to be identified."
No. 3 Mine 2013 Drilling Program
The No. 3 Mine target potential was recognized by Integra in 2012 after a compilation of historic Teck data. In the late 1960s Teck partially mined a multi-vein system on that target using a small vertical shaft and three underground drifts to a maximum vertical depth of 215 m. According to historical mine statistics, a total of 152,015 tonnes grading 7.55 g/t Au or 33,425 ounces of gold were mined. No mining occurred below the bottom of the small shaft although numerous underground and surface drill holes indicated extensions of the vein system at depth. The reported unmined gold mineralization appears to be contained within a minimum of two zones that extend laterally and at depth from the previously mined areas.
In a 1985 report, Teck estimated the resource potential at No. 3 Mine to be 250,000 tonnes grading 8.58 g/t Au representing approximately 62,500 Au ounces (non NI 43-101 compliant estimate)*. Resource numbers from Teck's historic reports have not been audited or validated and are not included in the Company official resource disclosure.
The drill program completed by Integra during the summer and fall of 2013 confirmed the depth extension of the No. 3 Mine gold bearing vein system, while also showing definite potential for lateral and depth continuity. Detailed interpretation is planned in the near future once recently discovered historic information has been fully compiled and verified. Preliminary resource estimation on this target, aimed at further increasing the global resource base at Lamaque, will follow in 2014.
Drill result highlights include:
| Drill Hole | From | To | Interval | Gold |
| (m) | (m) | (m) | Assay (g/t)* | |
| M3-13-01 | 144.00 | 146.75 | 2.75 | 4.86 |
| M3-13-01A | 87.00 | 89.00 | 2.00 | 9.62 |
| 322.00 | 323.00 | 1.00 | 10.65 | |
| M3-13-02 | ||||
| 381.00 | 383.00 | 2.00 | 4.58 | |
| M3-13-04 | 160.00 | 163.00 | 3.00 | 32.32 |
| 149.00 | 150.00 | 1.00 | 9.50 | |
| M3-13-06 | 228.00 | 229.00 | 1.00 | 26.20 |
| 286.50 | 287.50 | 1.00 | 5.69 | |
| 114.00 | 115.00 | 1.00 | 4.48 | |
| M3-13-07 | 120.00 | 121.00 | 1.00 | 4.13 |
| 338.00 | 341.00 | 3.00 | 7.50 | |
| M3-13-08 | 316.00 | 320.00 | 4.00 | 5.58 |
| M3-13-09 | 191.00 | 194.00 | 3.00 | 13.55 |
| 335.50 | 337.00 | 1.50 | 32.54 | |
| M3-13-10 | 425.75 | 426.50 | 0.75 | 5.73 |
| 433.50 | 438.50 | 5.00 | 6.53 |
- 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 assay results of recent drilling please click on the following link:
http://www.integragold.com/i/pdf/13-11-26_CompositesCompilationMineNo_3.pdf
The available historic information on the No. 3 Mine target was previously disclosed in a press release on July 31, 2013, and is available on the Company website along with plans showing the location of this target.
2013 Lamaque Drill Program
Planned drilling for 2013 at the Lamaque project has been increased to a minimum of 25,000 m. To date in 2013 the Company has completed 22,629 m in 48 drill holes at the Triangle, South Triangle and No. 3 Mine targets.
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 on the project while advancing the existing resource towards development. The project is split into two main clusters, the North Cluster composed of the Parallel, Fortune, No. 3 Mine and No. 5 Plug, and the South Cluster, consisting of the Triangle, Triangle South and No. 4 Plug, located approximate 1 km from each other.
Qualified Person
The Lamaque exploration project is under the direct supervision of Hervé Thiboutot, P.Eng. and Senior Vice-President of the company, a Qualified Person ("QP") as defined by National Instrument 43 -101, Alain-Jean Beauregard, P.Geo., and Daniel Gaudreault, P.Eng., Geo. of Géologica Inc., both independent QP as defined by National Instrument 43-101. The Company's QP has 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
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Cautionary Note Regarding Forward Looking Statements: Certain disclosure in this release constitutes 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.
*The historical estimate mentioned in this document is in accordance with the mineral resources or mineral reserves classifications contained in the CIM Definition Standards on Mineral Resources and Mineral Reserves, as required by National Instrument 43-101 ("NI 43-101"). Accordingly, the Company is not treating this historical estimate as a current mineral resource or mineral reserve as defined in NI 43-101 and such historical estimate should not be relied upon. A qualified person has not done sufficient work to date to classify the historical estimate as current mineral resource or mineral reserve.