Integra Gold Corp.

Published : June 08th, 2016

Integra Gold intersects 33.55 g/t gold (uncut) over 3.2 m in C4 structure step-out hole and 21.63 g/t gold (uncut) over 5.9 m within C2 structure as drilling further confirms both continuity and growt

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Keywords :   Canada | Diamond | Growth | K Street |

Integra Gold intersects 33.55 g/t gold (uncut) over 3.2 m in C4 structure step-out hole and 21.63 g/t gold (uncut) over 5.9 m within C2 structure as drilling further confirms both continuity and growth potential at Triangle Deposit

1ca26975-51d9-41c9-a6ff-6e46caf18efb.pdf

P.O Box 11144, Royal Centre

#2270 -1055 West Georgia Street Vancouver, BC Canada, V6E 3P3 Email: [email protected]

FOR IMMEDIATE RELEASE TSX-V: ICG; OTCQX: ICGQF

June 8, 2016 www.integragold.com

Integra Gold intersects 33.55 g/t gold (uncut) over 3.2 m in C4 structure step-out hole and 21.63 g/t gold (uncut) over 5.9 m within C2 structure as drilling further confirms both continuity and growth potential at Triangle Deposit

Press Release Highlights:

  • Results received from the C4 structure continue to support internal continuity and lateral expansion potential

  • Continuity and resource growth potential highlighted by ongoing drilling, both infill and step-out, of the near surface C1 and C2 structures

  • A new subparallel and high angle C-Type structure ("C7"), 150 metres ("m") structurally below C6, confirms potential for significant depth extensions at the Triangle gold deposit

  • Results announced today are from 4,400 m of recent drilling; assays are currently pending from an additional 73,140 m (179 drill holes) of Diamond drilling at Triangle, the No. 4 Plug and other key exploration targets

  • 4 drill rigs are currently active on the Lamaque Gold Project

  • 101,900 m drilled at Triangle since previous resource estimate database cut-off (July 30, 2015)

  • Company on-track and fully financed to commence underground exploration in June

    VANCOUVER, BC: Integra Gold Corp. (TSX-V: ICG; OTCQX: ICGQF), ("Integra" or the "Company") is pleased to announce additional assay results from its Fall 2015/Winter 2016 drill program on the Triangle deposit ("Triangle") situated on the Lamaque South Gold Project ("Lamaque") in Val-d'Or, Québec. In addition to an extensive surface drill program the Company is in the final stages of preparing for its first ever underground exploration program at Triangle with the initial blasting scheduled to commence later this month.

    "Today's results continue to show both strong mineralization continuity and exciting resource growth potential within the C-type structures at the Triangle deposit. Step out hole TM-15-018 announced today in addition to the other recent drill results have opened up the western portion of the C4 structure. The C4 structure already accounts for approximately 40% of the Triangle deposit's resource," commented Company President and CEO, Stephen de Jong. "In addition to this we are continuing to see both the C1 and C2 structures grow which is encouraging as they will make up the first phase of any contemplated mining scenario at Triangle."

    To view a cross section of the Triangle deposit which includes links to long sections of each of the C structures discussed in today's release please click on the following link:

    http://www.integragold.com/i/pdf/2016-06-07_LamaqueSouthTriangle.pdf

    C4 Drilling Continues to Expand Mineralization

    Results disclosed today include intercepts within C4, the largest, high-angle structure at Triangle, which continue to demonstrate the potential for growth with an interval grading 33.55 grams per tonne gold ("g/t Au") over 3.2 m (15.91g/t Au when cap at 34.3 g/t Au, downhole width) on the western edge of that structure at a depth of 605 m vertical.

    As illustrated in the attached vertical longitudinal section of the C4 structure (see link below), additional results are pending from a minimum of 6 drill holes testing the western extension of that structure, 100 to 150 m west from previous drilling. Visual observations of those holes indicate that the structure is still open to the west with varying amounts of mineralization.

    Click on the link below to view the C4 long section. Please note, square intercepts on the long section represent drill holes included in the November 2015 resource estimate while circular intercepts represent drill holes completed after the data base cut-off (July 30, 2015) for the November 2015 resource estimate. All results on long sections are true width and may differ slightly in length when compared to the drill table below.

    http://www.integragold.com/i/pdf/LS-C4-URLDDH-2016-06-09-with-class-5-gpt-with-symbols-new-no- diorite.pdf

    Continuity and Resource Growth Potential for the C1 and C2 Structures

    The C1 and C2 structures host the majority of the gold mineralization for the upper portion of Triangle. Today's results are significant as high grade gold mineralization continues to be identified at relatively shallow depths (above 475 m vertical). These results both confirm the continuity of these upper zones as well as show the potential for near-surface lateral resource expansion along strike.

    Intercepts disclosed today include the following significant results in both the C1 and C2 structures (downhole widths, intercepts uncapped - refer to table below for capped results):

    In the C1 structure:

    • 10.43 g/t Au over 3.0 m in hole TM-16-126B

    • 8.86 g/t Au over 2.5 m in hole TM-16-126BM02 In C2 structure:

    • 7.25 g/t Au over 7.5 m in hole TM-16-126BM02

    • 21.63 g/t Au over 5.9 m in hole TM-16-146M03

      Significant results are also reported in shallower dipping C-Flat structures between the high angle C2 and C3 structures:

      C2-70 - 17.67 g/t Au over 2.1 m in hole TM-16-086

      C2-80 - 17.29 g/t Au over 3.0 m in hole TM-16-126BM02

      As illustrated in the longitudinal sections for C1 and C2 (see link below), results from numerous intercepts in these structures are still pending:

      C1 long section: http://www.integragold.com/i/pdf/LS-C1-URLDDH-2016-06-09.pdf

      C2 long section: http://www.integragold.com/i/pdf/LS-C2-URLDDH-2016-06-09.pdf

      Additional C Structure (C7) Identified at depth

      Ongoing interpretation of drilling completed since August 2015 has confirmed the presence of an additional sub-parallel, high angle C-Type shear structure located 150m structurally below the C6 zone. The C7 structure remains open in all directions and presently extends from a depth of 975 m to 1,150 m vertical. Results from additional holes drilled below 1,150 m vertical are pending.

      Results from this new zone include:

    • 8.14 g/t gold over 4.2 m (TM-15-038, previously reported, see full assay table)

    • 6.11 g/t gold over 2.4 m (TM-16-146M03, reported in summary table below) Click on the link below to view the C7 long section: http://www.integragold.com/i/pdf/LS-C7-URLDDH-2016-06-09.pdf

      High-Grade Mineralization identified between C-Type Structures

      In addition to the mineralization identified in the primary C and C-Flat structures, high grade gold bearing intercepts continue to be identified between the well-defined C structures, demonstrating the possibility for additional mineralized structures to occur. These new mineralized zones represent additional resource upside which will be fully evaluated once underground access is completed.

      Uncapped results include the following (all downhole widths, refer to assay table for capped results):

    • 37.96 g/t Au over 0.5 m in hole TM-16-086

    • 66.95 g/t Au over 0.6 m in hole TM-16-146M03

    • 57.94 g/t Au over 0.5 m in hole TM-16-146M03

    • 31.47 g/t Au over 1.5 m in hole TM-16-146M03

Click on the following link to view an idealized cross section of Triangle and No. 4 Plug: http://www.integragold.com/i/pdf/2016-04-18_tap4-ngqk8k.pdf

Triangle Drill Results Summary

The table below highlights selected results from this tranche of drill results, link to full table below:

Drill Hole Number

From (m)

To (m)

Interval (m)(1)

Gold Assay (g/t)(2)

Interpreted Zone

TM-15-018

(extension)

679.50

Cap

682.70

3.20

33.55

15.91

C4

TM-16-086

111.40

332.00

Cap 408.00

Cap

114.90

334.10

408.50

3.50

2.10

0.50

6.22

17.67

10.39

37.96

34.30

C1 C2-70

n/a

TM-16-126B

131.50

Cap

134.50

3.00

10.43

9.28

C1

TM-16-126BM02

133.50

291.50

349.50

Cap

136.00

299.00

352.50

2.50

7.50

3.00

8.86

7.25

17.29

16.75

C1 C2

C2-80

TM-16-146M03

350.80

Cap 932.70

Cap 1038.40

1049.80

1054.10

Cap 1077.60

Cap 1145.90

1275.10

356.70

933.30

1039.80

1052.50

1054.60

1079.10

1148.30

1275.80

5.90

0.60

1.40

2.70

0.50

1.50

2.40

0.70

21.63

10.31

66.95

34.30

19.75

12.67

57.94

34.30

31.47

18.82

6.11

19.65

C2

n/a n/a n/a n/a n/a n/a n/a n/a C7

n/a

n/a - no zone assigned yet

  1. Downhole thickness; true width varies depending on drill hole dip; most drill holes are aimed at intersecting the vein structures close to perpendicular therefore true width are close to down hole width (approximately 85% conversion ratio); true width of C structures intercepts are presented on longitudinal sections.

  2. For known mineralized zones, intervals are based on geological observation, i.e. on the amount of quartz veining using a minimum 2m true thickness. For other intersections, a 1.00 g/t gold cut-off is used for compositing; individual composites are presented uncap and cap (when applicable) with individual values capped at 34.3 g/t Au; no minimum thickness considered.

Click on the following link to view a complete table of available composited results for the fall 2015 and winter 2016 drilling at Triangle (drill holes disclosed today are identified in red font).

http://www.integragold.com/i/pdf/Fall-2015_Winter-2016_Composites_Compilation_Triangle_N.pdf

Triangle Deposit Summary

Triangle is made up of a series of high-grade, parallel, steeply to moderately dipping mineralized "C" structures structurally spaced at 100 to 150 m, which host the majority of the Triangle deposit's gold resources. The C1 and C2 structures occur from surface to 300 m and 475 m vertical respectively. The

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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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d Share Capital and Voting Rights for Lundin Mining
CA$ 10.65-1.30%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.30+1.72%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.28+1.82%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 1.76-2.22%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 69.92+0.59%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.04+0.00%Trend Power :