Integra Gold Intersects 95.86 g/t Gold Over 2.0 Meters and 11.24
g/t Gold Over 9.0 Meters, Confirms Continuity of High-Grade Vein 7
at Parallel Zone
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb 11, 2014) -
Integra Gold Corp. (TSX-VENTURE:ICG)
Press Release Highlights:
- Continuity of high grade zones within block model
confirmed
- Drill program at 25-35 meter ("m") centers completed at
Parallel Zone
- Assays pending for second portion of drill program
- Other significant intersections include:
- PV-13-03 with 13.06 grams/tonne gold ("g/t Au") over 2.00
m
- PV-13-07 with 41.83 g/t Au over 1.10 m
- PV-13-09 with 71.47 g/t Au over 1.00 m
- PV-13-16 with 7.67 g/t Au over 6.00 m
- PV-13-18 with 15.26 g/t Au over 1.00 m
- PV-13-19 with 15.72 g/t Au over 1.00 m
- PV-13-20 with 23.66 g/t Au over 4.00 m
Integra Gold Corp. (TSX-VENTURE:ICG) ("Integra" or the
"Company") is pleased to announce initial results from its
fall/winter 2013 Parallel zone drill program at the Lamaque Gold
Project located in Val-d'Or, Québec. The Company recently completed
12,589 m in 40 drill holes on the Parallel Zone which is located in
the northern part of the Lamaque Project. Results announced today
are from the first 20 holes, accounting for 8,050 m of the Parallel
Zone program.
"While a resources estimate updated with new data has not yet
been completed, a preliminary interpretation has confirmed
continuity of mineralization within zones which previously had only
widely spaced drill holes," commented Company President and CEO,
Stephen de Jong. "This is especially significant for the Parallel
Zone as there are a number of very high-grade resource blocks which
had not had sufficient drilling completed for the resources to be
classified as indicated. Mineralization continuity is crucial in
these type of deposits in order to develop a successful mine plan.
We are more than encouraged by both the continuation of the
geological structure and the high grades intercepted throughout
this program. Core samples from the balance of the 40-hole, 12,600
meter program at Parallel are being processed currently, after
which an updated resource estimate will be commissioned."
Drill result highlights include:
Drill Hole |
From (m) |
To (m) |
Interval (m) |
Gold Assay (g/t)* |
PV-13-01 |
510.00 588.00 |
512.00 589.00 |
2.00 1.00 |
7.45 9.41 |
PV-13-02 |
145.00 484.50 |
148.00 485.50 |
3.00 1.00 |
5.33 11.14 |
PV-13-03 |
148.00 |
150.00 |
2.00 |
13.06 |
PV-13-05 |
187.50 |
189.50 |
2.00 |
95.86 |
PV-13-07 |
304.70 373.00 |
305.80 375.00 |
1.10 2.00 |
41.83 5.44 |
PV-13-08 |
448.00 |
450.00 |
2.00 |
4.40 |
PV-13-09 |
24.00 145.00 158.00 |
25.00 146.00 159.00 |
1.00 1.00 1.00 |
5.59 71.47 9.61 |
PV-13-10 |
181.00 |
182.00 |
1.00 |
8.85 |
PV-13-11 |
157.00 |
166.00 |
9.00 |
11.24 |
PV-13-15 |
114.00 138.00 |
116.00 139.00 |
2.00 1.00 |
6.35 6.90 |
PV-13-16 |
182.00 |
188.00 |
6.00 |
7.67 |
PV-13-18 |
165.00 |
166.00 |
1.00 |
15.26 |
PV-13-19 |
192.00 |
193.00 |
1.00 |
15.72 |
PV-13-20 |
166.00 228.00 239.00 |
167.00 229.00 243.00 |
1.00 1.00 4.00 |
17.41 13.16 23.66 |
* |
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/2013-Parallel-Drill-Hole-Composites_v2.pdf
Parallel Definition Drilling Program
The fall/winter 2013 program at Parallel focused on reducing the
drill spacing to 25-35 m centers for the upper portion of the
deposit, above the 300 m vertical threshold. Drill holes had been
previously been spaced approximately 50 to 75 meters apart. The
objective of the program was to transfer inferred resources into
the indicated category and to confirm mineralization continuity
between existing holes. Interpretation and remodelling is ongoing
but preliminary indications are that mineralization is continuous
between previous drill holes as well as with a number of the high
grade intercepts reported.
The first 12 holes of the campaign also aimed to confirm the
lateral extent of the lowermost zone, Vein 7, which had previously
been drilled at greater than 75 m intervals and reported as a
high-grade, inferred resource. Results including 11.14 g/t Au over
1.0 m in hole PV-13-02 and 5.44 g/t Au over 2.0 m in hole PV-13-07,
demonstrate that Zone 7 is likely continuous laterally. Although
the mineralized structure has been intersected, further drilling
may be required to determine the average grade of that zone due to
the high variance in assays between drill holes.
The majority of the holes disclosed today intersected
mineralization where it was predicted to occur providing further
confidence in the Company's geological model. The most significant
and high grade intervals came from Zone 6 which appears to be the
most continuous zone at Parallel.
2014 Lamaque Drill Program
Planned drilling for 2014 at the Lamaque project has been set at
a minimum of 40,000 m which includes a 20,000 meter definition
program at the Triangle Zone, definition drilling at the Fortune
Zone, and exploration drilling at Plug No. 5 and Mine No. 3.
A total of 4,660 m in 12 holes have been completed at the
Triangle Zone as of January 31, 2014, with no assay results
available to date.
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. and 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 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
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.
Integra Gold Corp.Chris GordonCorporate
Inquirieschris@integragold.comwww.integragold.comTwitter:
http://twitter.com/integragoldcorp
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