Integra Gold Corp.

Published : April 19th, 2016

Integra Gold Reports Wide, Gold Bearing Intercepts including 16.08 g/t Gold over 12.79 m (incl. 180.13 g/t Au over 1.05m) and 4.21 g/t Gold over 27.55 m (incl. 97.6 g/t Au over 0.60m) at No. 4 Plug, 5

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Keywords :   Canada | Gold | Growth | K Street |

Integra Gold Reports Wide, Gold Bearing Intercepts including 16.08 g/t Gold over 12.79 m (incl. 180.13 g/t Au over 1.05m) and 4.21 g/t Gold over 27.55 m (incl. 97.6 g/t Au over 0.60m) at No. 4 Plug, 500 metres North of Triangle Deposit

Misc Document Template

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

April 19, 2016 www.integragold.com


Integra Gold Reports Wide, Gold Bearing Intercepts including 16.08 g/t Gold over 12.79 m (incl. 180.13 g/t Au over 1.05m) and 4.21 g/t Gold over 27.55 m (incl. 97.6 g/t Au over 0.60m) at No. 4 Plug, 500 metres North of Triangle Deposit

Press Release Highlights:


  • Gold mineralization at No. 4 Plug Deposit ("No. 4 Plug") consists of thick clusters of flat lying tension veins and high grade/sub-vertical quartz-tourmaline C-type structures, hosted within a dioritic/gabbroic intrusive similar to the Lamaque Mine and Goldex Mine host rocks


  • Results announced today are from 2,708 metres ("m") in 5 holes of a 12,035 m program completed in 2015 and 2016 at No. 4 Plug


  • Five drill rigs currently active on the Lamaque South Gold Project, approximately 52,500 m in assay results pending


  • Re-interpretation of the No. 4 Plug approaching completion using insights from the Triangle Deposit ("Triangle") and comparisons with the Lamaque and Goldex mineralization styles; an updated resource estimate to follow later in 2016


  • The Company is expanding efforts on multiple targets outside of Triangle


  • The Company has elected to accelerate the expiry date of warrants set to expire on June 27, 2016 to May 23, 2016 for gross proceeds of C$4,732,762


VANCOUVER, BC: Integra Gold Corp. (TSX-V: ICG; OTCQX: ICGQF), ("Integra" or the "Company") is pleased to announce a first round of assay results from its late fall 2015 and 2016 infill drill program on the No. 4 Plug Deposit situated at the Lamaque South Gold Project ("Lamaque") located in Val-d'Or, Québec.


"We believe now is the right time to evolve our growth strategy and expand our exploration efforts. As we continue to prove up Triangle we are finalizing an exploration plan that will focus on other targets on the property that we feel have the potential to increase both the feed to the mill and the total annual production profile at Lamaque," commented Company President and CEO, Stephen de Jong. "The continued success at Triangle and our latest drill results from No. 4 Plug confirm our beliefs that multiple deposits across our property can add substantial value to Integra."


Click on the following link to view a location map of the different gold deposits present at Lamaque South:


http://www.integragold.com/i/maps/Integra-Property-Map-Jan-2016-with-No-4.jpg


No. 4 Plug Showing Potential for Bulk Mining, C-Structures Present along with Abundance of Flat-Lying Tension Veins


"Gold mineralization at No. 4 Plug, located 500 m north of Triangle is, in part, hosted within a series of steeply-dipping stacked shear zones similar to C-type structures found at Triangle," commented Company Senior Vice-President, Hervé Thiboutot. "What makes these zones different is the abundance of flat lying tension veins which form large clusters of veins that are potentially amenable to bulk mining methods. These large gold bearing vein clusters have striking similarities to bulk zones mined historically at the Lamaque Mine and present close resemblance to the nearby Agnico-Eagle Goldex Deposit which is found in similar hosts rocks and vein arrays."


The results disclosed today are from the Company's late 2015 and 2016 infill drill program completed at No. 4 Plug in areas that required 25 m drill spacing for the reinterpreted geological model and subsequent resource estimate. These results are significant given that high grade gold mineralization is still being identified within high-angle structures, similar to those found within Triangle, while wider zones forming vein clusters are now being recognized and are enhancing the Company's modelling and resource estimation approach at No. 4 Plug. These enhancements are likely to further refine and enhance our approach with respect to future mining optimization on the deposit. As the gold distribution in the thicker sequences of brittle, shallow dipping tension veins have the tendency to portray a higher nugget effect relative to the high angle C-type structures, the selection of disclosed intervals is largely controlled by the visual occurrence of veins in drill core logging rather than strictly on gold grade, providing a further layer of control for the spatial constraining of these thick vein clusters.

The table below highlights the selected results from this first tranche of the 2015 and 2016 No. 4 Plug infill drill program. The summary results are presented uncapped and, when applicable, with high grade individual values capped at 34.3 grams per tonne gold ("g/t Au") (results are also available with high grade values capped at 20.0 g/t Au in the full assay table available at the link below).


Drill Hole Number

From (m)

To (m)

Interval (m)(1)

Gold Assay (g/t)(2)

P4-15-022

235.29

246.10

10.81

1.91

P4-15-025

229.62

capped

260.67

31.05

1.31

1.26


P4-15-028

86.20

143.55

237.25

358.55

421.85

capped 466.83

487.15

capped 508.40

capped 525.50

135.15

167.00

261.90

400.90

449.40


479.08

491.80


521.19


543.32

48.95

23.45

24.65

42.35

27.55


12.25

4.65


12.79


17.82

0.76

0.87

1.79

1.44

4.21

2.83

4.27

26.17

6.05

16.08

4.11

1.16


  1. Down-hole thickness; true width varies depending on drill hole dip and on general orientation of the vein clusters; most 2015 drill holes were aimed at intersecting the generally flat lying vein clusters close to perpendicular; therefore true widths are close to down-hole widths.

  2. Minimum 1 g/t cut off over 10 m interval, allowing up to 5 m of below cut off material internally - individual assays cut to 34.3 g/t and 20.0 g/t Au when applicable - no minimum thickness considered.


Click on the following link to view a complete table of available composited results for the fall 2015 drilling at No. 4 Plug:


http://www.integragold.com/i/pdf/No-4-Plug-2015-Composites-Compilation.pdf


Geological Setting at No. 4 Plug


No. 4 Plug is a sub-vertical dioritic/gabbroic intrusive, similar to the Lamaque Mine Plug, located 2 kilometres to the northwest, which produced over 3.7 M gold ounces from surface to a depth of 1,100 m vertical. The No. 4 Plug intrusive is located 500 m from Triangle and can be traced on surface for 200 m east-west by 150 m north-south, extending to a depth of over 1,000 m vertical. Gold mineralization within the intrusive host is hosted within quartz-carbonates-tourmaline veins within sub-vertical shear zones (similar to Triangle C-type structures) in addition to flat lying quartz-carbonate-tourmaline veins that are present as dense vein clusters. The No. 4 Plug also presents similarities to the nearby Agnico- Eagle Goldex Mine host rocks and vein arrays, located 10 km to the west of the Lamaque property. For comparison purposes, with data taken from disclosed public information (see Agnico-Eagle's website), the average grade of the Goldex deposit is 1.8 g/t Au with a cut off set at 0.9 g/t Au; the direct mining costs at Goldex are at $34 per tonne, with ore mined using bulk mining methods.


Preliminary interpretation of the intersected gold bearing zones at No. 4 Plug indicates that these dense vein clusters can be tens of metres thick vertically, are geometrically staked within the intrusive in the

down-dip direction, and can also extend roughly 150 m to 200 m laterally. The mineralized vein clusters appear to be more abundant below a vertical depth of 200 m, remaining confined to within the intrusive plug. The intrusive host and the vein clusters remain open at depth as indicated by previously disclosed results from the drilling completed in 2012 (see summary tables and a link to full tables below). Similar vein mineralogy and alteration assemblages consisting of carbonate, sericite, albite alteration is associated with these dense veins clusters but vary in intensity and distribution, being more pronounced when cross-cut by high-angle shear zones. Where these sub-vertical shear zones cross-cut the intrusive, brittle and shallower dipping tension veins appear to be more dominant.


In consideration of this new evidence regarding the distribution and controls of gold mineralisation at No. 4 Plug, a complete geological re-modelling program was initiated in early 2016 and is approaching completion. Once the new geological model is available an updated resource estimate will be completed and disclosed later in 2016.


Historic mining in the late 1960s was performed by Teck in the upper part of No. 4 Plug (above 200 m vertical). New 3D modelling of historic stoping indicates both high angle veins and vein clusters were mined, which provides additional certainty in the modeling at No. 4 Plug. Approximately 50,000 ozs of gold were recovered by Teck from No. 4 Plug.


Results from Previous Drilling


In light of the new geological understanding at No. 4 Plug, results from 21 holes drilled on No. 4 Plug during the 2012 drill campaign (20,500 m) were also re-compiled, re-evaluated, and re-interpreted. The table below highlights selected results from the 2012 No. 4 Plug drill program in the context of the new vein cluster interpretation. Due to the abundance of intervals reported from 2012 drilling, only a few intervals are presented below. Please follow the link below to view the complete 2012 assays. Results are presented uncapped and, when applicable, with high grade individual values capped at 34.3 g/t Au (results are also available with high grade values capped at 20.0 g/t Au in the full assay table available at the link below). In general, these results show that capping of higher grade values has a limited effect on most of the reported mineralized intervals which tend to confirm the widespread nature of gold mineralisation at No. 4 Plug.

Read the rest of the article at www.publicnow.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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2nd Quarter Report
AU$ 0.04+0.00%Trend Power :