VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 21, 2012) - INTEGRA GOLD CORP. (News - Market indicators) (the "Company") is pleased to report additional high grade gold values from recent drilling at the No. 4 Plug on the 100% owned Lamaque Gold Project in Val d'Or, Québec. In September 2012, the Company completed a 20,500 meter drill program on the No. 4 Plug with results from the remaining 8 drill holes being reported today. On October 22, 2012, the Company initiated a 10,000 meter program at the No. 5 Plug; four (4) holes have now been completed with assays pending.
"Drilling at the No. 4 Plug continues to exceed our expectations and we are especially encouraged by the results announced today as they show the size potential of the mineralized zones. Past production from the Main Plug of the Historic Lamaque Mine, located a few hundred meters from our Lamaque Gold Project, produced over 3.7 million ounces of gold from similar, multi-stage, high-grade veins. As these veins types tended to form in multiple clusters, cost effective and efficient bulk underground mining methods were utilized to recover the gold. The quantity and widths of veins observed in our latest drilling indicates that a significant amount of mineralization at the No. 4 Plug also appears to occur in multiple clusters," stated Company CEO, Stephen de Jong. "As we have now received all of the assay results for the No. 4 Plug, interpretation and modelling has now begun which will be followed by a resource estimate early in 2013."
Highlights of mineralized intercepts include:
| Drill Hole |
From
(m) |
To
(m) |
Interval
(m) |
Grams/tonne gold
(g/t Au)* |
| P4-12-13 |
154.00 |
163.00 |
9.00 |
5.75 |
| |
433.00 |
436.00 |
3.00 |
9.61 |
| |
558.00 |
560.00 |
2.00 |
12.24 |
| |
| P4-12-14A |
300.00 |
303.00 |
3.00 |
23.30 |
| |
468.00 |
472.00 |
4.00 |
21.38 |
| |
517.00 |
526.00 |
9.00 |
14.11 |
| |
| P4-12-16 |
824.00 |
828.00 |
4.00 |
11.35 |
| |
| P4-12-19C |
71.00 |
73.00 |
2.00 |
10.09 |
| |
| P4-12-20 |
909.00 |
920.00 |
11.00 |
12.75 |
| |
| P4-12-21A |
923.00 |
925.00 |
2.00 |
10.53 |
| |
965.00 |
967.00 |
2.00 |
16.86 |
*All uncut values - Composites with individual assay results cut to 68.6 g/t Au (2 oz./t Au) are presented in the detailed table (see link below)
To view the complete drill results table please click on the following link:
http://www.brmstatpack.com/lt/1005/1293/no.-4-plug-2012-compilation-table
To view a plan map highlighting the No. 4 Plug drilling program please click on the following link:
http://www.brmstatpack.com/lt/1005/1294/no.-4-plug-map-insert-with-holes-15---21
No. 4 Plug Update:
The 2012 drilling program for the No. 4 Plug has been completed. All initial assay results have been received although additional re-sampling to cover gaps between gold bearing samples is ongoing. The program was successful in duplicating and validating results from historic holes, testing for lateral and depth extensions of known gold mineralization, and is anticipated to convert a significant amount of the inferred resource into the indicated category as well as add gold ounces to the inferred category. Planning for a potential infill 2012/13 winter drill program will be undertaken before year end.
Not including the drilling that has taken place over the past several years and more significantly, in 2011 and 2012, the No. 4 Plug has a NI 43-101 compliant inferred resource of 315,975 ounces grading 9.43 g/t in 1,024,258 tonnes. As of the end of 2011, total global resources for the Lamaque Project total 518,643 inferred ounces (2,335,530 metric tons grading 6.91 g/t gold) and 162,962 indicated ounces (800,799 metric tons grading 6.33 g/t gold).
No. 5 Plug Update:
Drilling at the No. 5 Plug started on October 22, 2012. A total of 871 m in 4 holes of the 10,000 m program have been completed so far. It is expected that drilling will continue into 2013.
The first 4 holes at No. 5 Plug were aimed at duplicating historic holes in order to acquire a higher level of confidence in historic results. The drill holes intersected mineralized quartz veins where expected. The program will initially focus on identifying and delineating gold mineralization for the upper part of the Plug (above 400m) on 50 m centers, after which testing of extensions at depth (to 1,000 m vertical) will take place.
Assay results are pending.
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 as one of the best mining jurisdictions in the world. Infrastructure, human resources and mining expertise are readily available.
The project shares its northeastern border with the Sigma Mine which historically produced approximately 4.8 million ounces of gold, with reported significant gold resources and reserves remaining. On its northwest border Teck produced a total of 4.6 million ounces from the historic Lamaque Mine, the Main Plug contributing the majority of the ounces with 3.7 million ounces of gold mined.
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 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 are used to calculate the reported composite intervals. The Lamaque exploration project is under the direct supervision of Hervé Thiboutot, P.Eng. and Vice-President of the company, a 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 QP 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
Stephen 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.