Integra Gold Intersects 42.5 g/t Gold Over 1 Meter and 20.8 g/t Gold Over 5 Meters
27.06.2012 | Marketwire
- NUMEROUS HIGH GRADE INTERCEPTS REPORTED IN HOLES P4-12-07B, P4-12-08 AND P4-12-09A- ADDITIONAL SIGNIFICANT RESULTS INCLUDE 16.53 G/T AU OVER 2 M AND 17.61 G/T AU OVER 2 M
- 85% OF NO. 4 PLUG 2012 DRILL PROGRAM COMPLETED
- TWO DRILL RIGS ACTIVE ON HIGH-GRADE ZONE
VANCOUVER, June 27, 2012 - Integra Gold Corp. (the "Company") (TSX VENTURE:ICG) is pleased to announce that it has intersected additional high grade gold bearing mineralization in holes P4-12-07B, P4-12-08 and P4-12-09A as part of its Lamaque Property's No. 4 Plug definition drill program. The Company has now completed over 12,870 meters ("m") of drilling or 85% of its 2012 planned drill program on the No. 4 Plug. The objectives of the definition drilling program are to confirm intercepts reported in historic holes and expand the known mineralization both laterally and at depth.
Highlights of the intercepts reported from holes P4-12-07B, P4-12-08 and P4-12-09A include:
Grams/tonne gold
Drill Hole From(m) To(m) Interval(m) (g/t Au)
P4-12-07B 238.00 239.00 1.00 7.68
240.00 245.00 5.00 20.84
459.00 473.00 14.00 4.45
549.00 551.00 3.00 8.61
P4-12-08 405.00 408.00 3.00 7.58
415.00 417.00 2.00 8.31
444.00 447.00 3.00 7.00
452.00 454.00 2.00 16.53
802.00 803.00 1.00 12.50
P4-12-09A 247.00 260.00 13.00 5.77
343.00 345.00 2.00 9.41
448.50 450.50 2.00 17.61
654.00 655.00 1.00 19.95
791.00 792.00 1.00 42.50
*Composites with individual assay results cut to 68.6 g/t Au are presented in the detailed table (see link below)
**Additional assays for holes 12-07B, 12-08 and 12-09B are pending and will be announced following a QA/QC review
"The drilling completed to date not only confirms historic intercepts reported by Teck in the late 1980s but is also extending the mineralization laterally and at depth. The ongoing drill program aimed at completing an optimum 25 m by 25 m drill pattern within the intrusive plug is anticipated to help facilitate the conversion of the presently inferred resource into the indicated category while potentially adding to the disclosed resource," comments Company President and CEO, Mr. John de Jong.
"Mineralization within the 100 m wide by 250 m long No. 4 Plug is now known to extend to at least 800 m vertical with the plug remaining open at depth. For comparison, the historic Main Lamaque Plug located just north of the Integra property is approximately 300 m long by 150 m wide and extends to a vertical depth of 1,000 m. Teck extracted more than 3 million ounces of gold from the Main Plug between 1933 and 1985. Mineralized intercepts within the No. 4 Plug appear to occur in clusters within the intrusive body, which may enhance its potential future extractability," continued Company Senior VP Exploration, Mr. Hervé Thiboutot.
Drill data being gathered in 2012 will be incorporated into the geological model during the fall to permit a resource estimate update later this coming winter. Two drill rigs are actively drilling No. 4 Plug and continue to work towards achieving the Lamaque property's 2012 objectives of increasing the gold resource and improving resource categories on numerous gold zones known to exist on the property.
To view the complete drill tables please click on the following link: http://www.brmstatpack.com/lt/1005/1257/2012-no.-4-plug-composite-table
To view a map highlighting the No. 4 Plug drilling program please click on the following link: http://www.brmstatpack.com/lt/1005/1259/lamaque-gold-zones-with-no.-4-plug-map-insert
To view idealized sections for the holes reported in this press release click on the following link: http://www.brmstatpack.com/lt/1005/1258/idealized-interpretation-of-no.-4-plug
PROJECT AND COMPANY PROFILE
Integra's Lamaque Gold Project is located in the Val d'Or gold camp in the Province of Québec, Canada, about 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 accessible.
The Company's shares are tightly held by a number of private investors, institutions and a major gold producer, Shandong Gold International Mining Ltd. The Company's focus is to evaluate and enhance gold bearing zones demonstrating the potential to increase the resource from the reported inferred and indicated gold resource of 2,335,530 metric tonnes averaging 6.91 g/t Au for 518,643 ounces ("oz.") Au and 800,799 metric tonnes averaging 6.33 g/t Au for 162,962 oz. Au respectively.
The project shares its northeastern border with the Sigma Mine which has produced 4.7 million oz. of gold to date, with reported significant gold resources and reserves. In addition, on its northwest border the Main Plug produced the majority of its 4.7 million oz. of gold for the historic Lamaque Mine. The Agnico-Eagle Goldex Mine, located approximately 6 km west, reported reserves of 3.4 million gold oz., and directly west of Goldex is the producing Osisko Mine reporting reserves of 10.71 million oz. of gold.
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 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 were used for the reported composite intervals. The Lamaque exploration project is under the direct supervision of Hervé Thiboutot, P.Eng., Senior VP Exploration for the Company and 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 QPs as defined by National Instrument 43-101. The Company's QP has reviewed the technical content of this release.
ON BEHALF OF THE BOARD OF DIRECTORS
John de Jong
CEO & President
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Cautionary Note Regarding Forward Looking Statements: Certain disclosure in this release may 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 the Company's planned exploration activities, 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 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.
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.
Contact
Integra Gold Corp. - Corporate Inquiries
Ariel Cobangbang, Investor Relations
604.629.0891
604.229.1055 (FAX)
ariel.c@integragold.com
www.integragold.com