Integra Gold Corp.

Published : January 06th, 2016

Integra Gold Commences Judging on Gold Rush Challenge Submissions, Announces Five Industry Leaders as Panelists for PDAC 2016 Live Finale, Secures Sponsorships From Orbit Garant Drilling, Macquarie Gr

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Keywords :   Canada | Diamond | Gold | Gold Discovery | Judges | Lead | Platinum | Silver |

Integra Gold Commences Judging on Gold Rush Challenge Submissions, Announces Five Industry Leaders as Panelists for PDAC 2016 Live Finale, Secures Sponsorships From Orbit Garant Drilling, Macquarie Group and IBM

VANCOUVER, BC--(Marketwired - January 06, 2016) -

Press Release Highlights:

  • Five Gold Rush Challenge finalists to face off against five industry leaders in "shark-tank" style live finale charity event at Prospectors & Developers Association of Canada ("PDAC") on March 6, 2016:
    • Brent Cook (Author, Exploration Insights),
    • Chantal Gosselin (most recently Portfolio Manager, Goodman Investment Counsel),
    • Rob McEwen (founder Goldcorp/McEwen Mining),
    • Sean Roosen (Chair of the Board and CEO, Osisko Gold Royalties),
    • Randy Smallwood (CEO, Silver Wheaton)
  • By the numbers: 1,342 participants making up 95 teams from over 83 countries resulted in over 100 full length (25-30 page + video) submissions received totalling over 3,000 pages of new, innovative, outside the box and multi-discipline ideas on where Integra looks for its next big gold discovery
  • Orbit Garant Drilling Inc. ("Orbit Garant") announced as platinum sponsor of the Gold Rush Challenge
  • IBM and Macquarie Group named as lead sponsors of the Gold Rush Challenge Finale PDAC Event which will enable the Company to direct proceeds from the event to various Val-d'Or based charities
  • Live Finale Event, planned for March 6, 2015 in Toronto to include for the first time ever a Mining and Innovation Exhibit by IBM with the objective of showcasing new, innovative ideas and technologies with the potential to change how mineral deposits are discovered, developed and extracted in the future

Integra Gold Corp. (TSX VENTURE: ICG) (ICGQF) ("Integra" or the "Company") is pleased to provide an update on its $1 million Integra Gold Rush Challenge (the "Challenge" or the "Gold Rush Challenge"). On December 1, 2015 the Company closed the Challenge to submissions and is happy to announce that based on an initial review of the over 100 detailed submissions the initiative has already been an overwhelming success.

To view a video outlining the highlights of the Gold Rush Challenge and introducing a number of the judges for the live finale please click on the following link:

https://vimeo.com/150842901

Submission Review Underway, Gold Rush Challenge Technical Judges Awaiting 20 Semi-Finalists

In total, 1,342 entrants from over 83 countries worldwide registered to compete in the challenge, resulting in 95 teams and over 100 proposals. WSP I Parsons Brinckerhoff ("WSP"), one of the world's leading engineering and geological consulting firms with more than 32,000 employees and official GeoScience partner of the Gold Rush Challenge, is currently in the process of selecting and delivering the top 20 submissions to the Challenge's technical judging panel. On or before February 15th 2016, these technical judges will narrow the field down to the top five finalists which will then go up against a separate panel of industry leaders in the "shark-tank" style live finale at PDAC 2016.

The live event will be held at the Carlu (www.thecarlu.com) during PDAC on March 6, 2016. Proceeds from the evening will go to a variety of Val-d'Or based charities. For media enquiries, ticket sales, and further information about the event, please contact goldrushfinale@integragold.com or call Anna Pagliaro at 604-629-0891.

Panelists Announced for Live Finale

The panel of industry leaders for the live finale event at PDAC 2016 will use their experience, knowledge, and skills to help choose the winner of the Integra Gold Rush Challenge.

The panelists named to the "shark-tank" style live finale are:

  • Brent Cook: BSc Geologist, Exploration Analyst and Author of Exploration Insights (www.ExplorationInsights.com)
  • Chantal Gosselin: B.Eng Mining Engineer, MBA, most recently held the position of Vice President and Portfolio Manager, Goodman Investment Counsel
  • Rob McEwen: Honorary Doctor of Law, MBA, BA, Founder of Goldcorp Inc. and McEwen Mining, launched Goldcorp Challenge
  • Sean Roosen: Chair of the Board of Directors & CEO, Osisko Gold Royalties
  • Randy Smallwood: P. Eng. Geological Engineer, President & CEO, Silver Wheaton

The Challenge's technical judging panel is made up of the following members:

  • Neil Adshead: PH.D Geologist, Investment Strategist at Sprott Asset Management LP
  • Andrew Brown: MSc Geologist, Chief Geologist - West Africa for B2Gold Corp
  • Benoît Dubé: PH.D Geologist, Senior Research Scientist with the Geological Survey of Canada
  • James Franklin: PH.D Geologist, Geological Survey of Canada Chief Scientist (retired)
  • David Rhys: MSc Geologist, Panterra Geoscience consulting geologist
  • Brian Skanderberg: MSc Geologist, President and CEO of Claude Resources.

Computer science and machine learning advisor to the judges' panel:

  • David Stephens: B.A. Electrical Engineering & Computer Science, Director of Business Development at Goldcorp. 

Orbit Garant Welcomed as Gold Rush Challenge Platinum Sponsor

The Company is also pleased to announce Orbit Garant (OGD.TO) as its Gold Rush Challenge Platinum Sponsor, whose sponsorship proceeds will go towards the incentive prize. Orbit Garant is a leading Canadian mineral drilling services provider based in Val-D'Or and a long-time supporter of Integra and the Lamaque Project. Orbit Garant currently has seven Diamond drill rigs and drilling personnel operating on Integra's Lamaque Gold Project. 

"The Gold Rush Challenge is an opportunity to draw attention to Val-d'Or as a premier mining jurisdiction and to showcase the exploration potential in the Abitibi region," said Eric Alexandre, President and CEO of Orbit Garant. "Integra has for many years been a very active exploration client and we are pleased to see the abundance of new targets generated by this innovative process on the Lamaque property."

Macquarie and IBM to Sponsor Gold Rush Finale

The Macquarie Group Foundation have joined as Lead Sponsor of the event and will be matching the funds raised, increasing the philanthropic impact of this event for the benefiting charities. IBM will host the mining innovation expo and cocktail reception before the live event which will be open to all attendees.

George Salamis, Executive Chairman of the Company comments, "I have been in the mining industry for over 25 years, and the Gold Rush is the most exciting, rewarding, and transformational project I have worked on. Geologists, engineers, computer scientists, statisticians, students and others from all corners of the globe came together to work on this challenge. Though the prize money certainly acted as an incentive for some, based on the videos we have received from participants, the sheer challenge of interpreting decades of data was a dominant driving force behind many submissions," commented Executive Chairman George Salamis. "In some ways, I believe this Challenge could, and will, effect how resource companies look at exploration in the future. Being a geologist by training, I have had my eyes opened by the multi-disciplinary, collective approach to problem solving, mineral exploration, and data analysis brought to the forefront by this Challenge. We are excited for the next steps to come in the Gold Rush."

About the Integra Gold Rush Challenge

The Integra Gold Rush Challenge is an incentive prize challenge powered by the popular HeroX (www.herox.com) crowdsourcing platform. After registering for the Challenge, competitors from any background or location were given access to an unprecedented database built from six terabytes and 75 years of historic mining and exploration data from Integra Gold's formerly producing Sigma/Lamaque mines in Val-d'Or, Québec. The individual or group whose submission represents the best prospect for the next big gold discovery on the Sigma/Lamaque properties, based on a weighted set of criteria as outlined in the Challenge rules (www.herox.com/IntegraGoldRush), wins their share of the C$1 million prize.

The Company also announces that John Glanville is employed full-time in an investor relations role.

Project and Company Profile

Integra's Lamaque South Gold Project and Sigma-Lamaque Mill and Mine Complex are located directly east of the city of Val-d'Or along the prolific Abitibi Greenstone belt in the Province of Québec, Canada. Québec is rated one of the best mining jurisdictions in the world. Given the Lamaque South's project to the city of Val-d'Or, infrastructure, human resources and mining expertise are readily available.

The Company's primary focus is its high-grade Lamaque South project. Lamaque South property is divided into three clusters, the North, South and West clusters. The primary targets are the high-grade Triangle zone in the South Cluster and the Parallel zone in the North Cluster.

The Sigma Mill, a fully permitted 2,200 ton per day mill and tailings facility which was acquired by Integra in 2014, is located 1 kilometre from the Parallel zone and 3 kilometres from the Triangle zone. The Sigma-Lamaque Mill and Mine Complex include the historic Sigma and Lamaque Mines which operated for 75 and 52 years respectively and produced more than 9 million ounces of gold in total.

ON BEHALF OF THE BOARD OF DIRECTORS

Stephen de Jong
CEO & President

Follow Integra Gold On:

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.

Read the rest of the article at finance.yahoo.com
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Integra Gold Corp.

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Integra Gold is a gold exploration company based in Canada.

Integra Gold holds various exploration projects in Canada.

Its main exploration properties are CHAPLEAU, WAWA, CLAW LAKE, AIRPORT, BLACK LAKE and LAMARQUE PROJECT in Canada.

Integra Gold is listed in Canada. Its market capitalisation is CA$ 407.6 millions as of today (US$ 321.3 millions, € 278.6 millions).

Its stock quote reached its highest recent level on March 13, 1998 at CA$ 9.50, and its lowest recent point on November 28, 2008 at CA$ 0.10.

Integra Gold has 479 529 984 shares outstanding.

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5/20/2015Integra Gold Discovers Multiple, Steeply Dipping Zones up to...
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3/30/2015Integra Gold SEDAR Files NI 43-101 Technical Report for the ...
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3/2/2015Integra Gold Files PEA Technical Report on SEDAR
2/20/2015Integra Gold Appoints Charles Oliver to Board of Directors
2/20/2015Integra Gold Appoints Charles Oliver to Board of Directors
2/11/2015IIROC Trading Resumption - ICG
2/10/2015Integra Gold Increases Lamaque South Indicated Resource to 1...
2/10/2015IIROC Trading Halt - ICG
1/28/2015Integra Gold Mobilizes Four Drill Rigs, Outlines 50,000 Mete...
1/13/2015Integra Gold Announces Updated PEA Incorporating Acquisition...
1/13/2015Integra Gold Announces Updated PEA Incorporating Acquisition...
1/13/2015Announces Updated PEA Incorporating Acquisition of Sigma/Lam...
1/7/2015Integra Gold Announces Drill Results from 2014 Fortune and N...
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12/30/2014Integra Gold Corp. Closes $8.2 Million Bought Deal Offering
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12/2/2014Integra Gold Condemnation Drilling Discovers Triangle Zone E...
12/2/2014Integra Gold Condemnation Drilling Discovers Triangle Zone E...
11/14/2014Integra Gold Clarifies Technical Disclosure
9/25/2013Increases Indicated Resources 304% at the Lamaque Gold Proje...
9/18/2013Receives $752,094 Quebec Resource Tax Rebate
8/28/2013Closes $542,210 Second Tranche
7/31/2013Adds Second Drill to Lamaque Gold Project, Commences 5,000 M...
7/25/2013Reports Increase in Gold Recovery to 96% for South Cluster S...
7/17/2013Commences Drill Program on New Geophysical Target 500 Meters...
6/5/2013Intersects 8.86 g/t Gold Over 8.3 m and 81.62 g/t Gold Over ...
5/1/2013Reports Up to 98% Gold Recovery from Phase 1 Metallurgical T...
4/23/2013Intersects 7.1 g/t Gold Over 19.5 Meters, Widest Intercepts ...
4/4/2013Intersects 5.2 g/t Gold Over 13 Meters at Triangle Zone, Lam...
3/20/2013Commissions AMEC to Conduct Environmental Baseline Study and...
2/20/2013Performs Metallurgical Testing at Lamaque Gold Project, Val ...
1/28/2013Commences Drilling at Triangle Zone, Provides Project Update...
10/24/2012Commences 10,000 Meter Drill Program on the No. 5 Plug at La...
10/10/2012Intersects 48.7 g/t Gold Over 2 m, 29.07 g/t Gold Over 2 m, ...
9/13/2012Increases and Closes Second and Final Tranche for Total Proc...
7/12/2011Intersects 23.3 g/t Gold Over 5.4 Meters at the Triangle Zon...
6/27/2011Announces Lamaque Gold Project NI 43-101 Mineral Resource Es...
5/13/2011Provides Corporate Update
4/26/2011Intersects 36.55 g/t Gold Over 4.5 Meters at the Triangle Zo...
4/5/2011Intersects 14.7 g/t Gold Over 3.5 Meters at the No. 5 Plug o...
2/17/2011Commences 20,000 Meter Drill Program at Lamaque
1/28/2011Integra Gold Corp. 2011 Corporate Update
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AU$ 0.04+0.00%Trend Power :