[Marinir] {Disarmed} Integra Gold (TSX-V: ICG) Reports Bonanza Grade at Lamaque - 945 g/t gold over 1 m; 111.2 g/t gold over 6 m
Infostock
info at infostockbiz.com
Thu Jul 19 14:43:11 CEST 2012
Click here
http://www.actonsoftware.com/acton/ct/1523/s-0135-1207/Bct/l-0002/l-0002:15bcd/ct0_1/1
to view this message in a browser window
http://www.integragold.com/s/Home.asp
Integra Gold Reports Bonanza Grade at Lamaque including 945 grams/tonne
gold over 1 meter and 111.2 grams/tonne gold over 6 meters; Appoints
President and CEO
OTHER RESULTS INCLUDE 50.4 GRAMS/TONNE (“G/T) OVER 2 METERS (“M”), 31.4
G/T OVER 4 M, 37.33 G/T OVER 2M, AND 11.8 G/T OVER 11 M
NO. 4 PLUG 2012 DRILL PROGRAM EXTENDED TO A MINIMUM OF 20,000 M
RESULTS FOR INITIAL 9 HOLES REPORTED, 14 HOLES COMPLETED TO DATE
HIGH GRADE MINERALIZATION AS SHALLOW AS 30 M - NO. 4 PLUG REMAINS OPEN
AT DEPTH
STEPHEN DE JONG APPOINTED PRESIDENT AND CEO
Integra Gold Corp. (TSX-V: ICG
http://www.stockwatch.com/Quote/Detail.aspx?action=go&symbol=ICG®ion=C&lookup=symbol&snapshot=default
) is pleased to announce the highest grade intersections ever reported
at the No. 4 Plug on the 100% owned Lamaque Project in Val d’Or, Quebec.
Five holes published today returned high grade composites, further
demonstrating the robustness and continuity of mineralization. The
Company has now completed over 14,600 m of drilling on No. 4 Plug and in
view of the recent results has extended its 2012 drill program on that
target to a minimum of 20,000 m. The additional metrage will aim at
further defining and extending the high grade gold mineralization within
the intrusive plug, both laterally and at depth.
Highlights of mineralized intercepts include:
Drill Hole From
(m) To
(m) Interval
(m) Grams/tonne gold
(g/t Au)*
P4-12-04 263 264 1 18.05
300 303 3 22.11
431 435 4 19.35
459 460 1 17.24
630 632 2 12.06
809 813 4 31.41
P4-12-06 29 31 2 22.77
170 171 1 945
328 329 1 18.35
449 451 2 37.33
487 498 11 11.77
551 552 1 10.25
561 567 6 111.16
P4-12-07B 584.5 586.5 2 25.09
677 679 2 50.41
P4-12-08 652.5 655 2.5 16.33
755 759 4 13.24
P4-12-09A 524 526 2 15.35
541 546 5 10.67
790 792 2 21.75
*All uncut - Composites with individual assay results cut to 2 oz./t Au
are presented in the detailed table (see link below)
Results from holes P4-12-07B, P4-12-08 and P4-12-09A are the portions of
the holes that have NOT been previously disclosed. Assays from other
portions of these specific holes were disclosed in a Company press
release dated June 27, 2012
To view the complete drill results tables please click on the following
link:
http://www.brmstatpack.com/lt/1005/1269/composite-compilation-for-no.-4-plug---kcrew-list
http://www.brmstatpack.com/lt/1005/1269/composite-compilation-for-no.-4-plug---kcrew-list
“These latest results confirm the suspicion that mineralization at the
Number 4 Plug is similar to that of the adjacent Main Plug, which
produced over 3.6 million high grade ounces of gold. Mineralization in
these intrusive plugs is unique in that the high-grade veins occur in
clusters, potentially allowing for a much more cost-effective, bulk
mining method,” commented Hervé Thiboutot, P.Eng. Senior Vice-President.
“Once the current program is completed there will be over 25,000 meters
of drilling to be incorporated in the existing No. 4 Plug resource. Some
of the drilling has been confirming historic holes with the most recent
expanding the mineralized zone laterally and at depth. We also expect to
complete an updated resource estimate on the adjacent, high-grade
Triangle Zone at the same time as estimation work on the No. 4 Plug.”
Prior to this year’s +20,000 m drilling program, the No. 4 Plug had a
current N1 43-101 inferred resource of 315,975 ounces grading 9.43 g/t.
As of the end of 2011, total global resources for the Lamaque Project
are 518,643 inferred ounces grading 6.91 g/t gold and 162,962 indicated
ounces grading 6.33 g/t gold.
The close spaced definition drill program on No. 4 Plug is aiming at
converting inferred resource into the indicated category; data from the
ongoing program will be incorporated into the geological model during
the fall to permit a resource estimate update next winter. Two drill
rigs continue to work towards achieving the Lamaque property’s 2012
objective of increasing the gold resource and improving resource
categories on a number of gold zones known to exist on the property.
Holes 04-12-04 and P4-12-06 are part of the 25 m by 25m infill drill
program aimed at confirming the continuity of gold mineralization along
strike and at depth within the 100 m wide by 250 m long No. 4 Plug.
While hole P4-12-06 is demonstrating the possibility for significant
high grade “clusters” with abundant free gold, hole P4-12-04 for its
part is indicative of gold mineralization extending beyond the -900 m
level. The intrusive body, which contains the gold mineralized veins,
remains open at depth showing the potential for mineralization to
continue at considerable depth, not unlike many gold deposits in the Val
d’Or district.
CEO/President Appointment:
The Board of Directors (the “Board”) also announces it has appointed
Stephen de Jong, a Director of the Company, as CEO and President.
Stephen served most recently as the President and CEO of Rogue Iron Ore
Corp. (“Rogue”). Stephen led the restructuring and rebranding of Rogue,
raising the funds and building the team needed to complete a 10,000
meter program and to commence resource estimation work on the historical
Radio Hill iron ore deposit. Stephen holds a Bachelor of Commerce degree
from Royal Roads University.
The Board is confident in Stephen’s ability to lead the Company through
the next phases of project development at Lamaque, and build a strong,
capable team as it begins the transition from gold exploration and
resource definition to conducting preliminary economic and development
focused studies.
The Board has accepted the resignation of John de Jong as President and
CEO. John de Jong has led the Company through a significant
restructuring period through the last 24 months in which a major Chinese
Gold producer was brought in as a strategic partner. During this period
over $13 million was raised, multiple resource updates were published
and approximately 60,000 m of drilling was completed.
“John’s contributions as CEO and President on both the project and
corporate levels have positioned the Company for success. We look
forward to working with the new CEO as we continue building our team and
exploration programs around an asset that continues to outperform our
expectations,” commented Robert Bryce, Director of the Company. “The
Board wishes to thank John for his accomplishments as CEO and President
and wish him the best in future endeavors.”
To view maps highlighting the No. 4 Plug drilling program please click
on the following links:
http://www.brmstatpack.com/lt/1005/1267/no.-4-plug-map-insert-for-holes-4-and-6
http://www.brmstatpack.com/lt/1005/1267/no.-4-plug-map-insert-for-holes-4-and-6
http://www.brmstatpack.com/lt/1005/1268/no.-4-plug-map-insert-for-holes-7-to-9
http://www.brmstatpack.com/lt/1005/1268/no.-4-plug-map-insert-for-holes-7-to-9
To view idealized sections for holes P4-12-04 and P4-12-06 click on the
following link:
http://www.brmstatpack.com/lt/1005/1265/idealized-section-of-no.-4-plug
http://www.brmstatpack.com/lt/1005/1265/idealized-section-of-no.-4-plug
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 one of the best mining jurisdictions in the world.
Infrastructure, human resources and mining expertise are readily
accessible.
The project shares its northeastern border with the Sigma Mine which has
produced 4.7 million ounces of gold to date, with reported significant
gold resources and reserves. On its northwest border the Main Plug
produced the majority of its 4.7 million ounces of gold for the historic
Lamaque Mine. The Agnico-Eagle Goldex Mine, located approximately 6
kilometers west, reported reserves of 3.4 million gold ounces, and
directly west of Goldex is the producing Osisko Mine reporting reserves
of 10.71 million oz. of gold.
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 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 were used for
the reported composite intervals. The Lamaque exploration project is
under the direct supervision of Hervé Thiboutot, P.Eng. Vice-President
of the company and 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
John de Jong
CEO & President
CONTACT INFORMATION
Corporate Inquiries:
Ariel Cobangbang, Investor Relations: ariel.c at integragold.com
Phone: 604.629.0891
Or visit the company website: www.integragold.com
http://www.integragold.com
Follow Integra Gold On:
Facebook: http://www.facebook.com/integragold
http://www.facebook.com/integragold
Twitter: http://twitter.com/integragoldcorp
http://twitter.com/integragoldcorp
YouTube: http://www.youtube.com/IntegraGold
http://www.youtube.com/IntegraGold
Flickr: http://www.flickr.com/integragold/
http://www.flickr.com/integragold/
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 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.
For more information about this service, click here
http://www.infostockbiz.com/
--------------------------------------------------------------------------------
*********************************************************************
Disclaimer: KCrew Communications was paid to distribute this Infostock bulletin.
KCrew Communications may or may not own securities in this particular company.
THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY!
You are on this mailing list because you registered for Infostock.
You may opt out at any time using the unsubscribe feature at the bottom of this email.
For more information about this service, please see http://www.infostockbiz.com
http://www.infostockbiz.com
KCrew Communications Inc. at 1.866.465.3616
Suite 1250 - 789 West Pender St., Vancouver, BC Canada V6C1H2.
This email complies with the US Federal CAN-SPAM Act of 2003
*********************************************************************
If you do not wish to receive futher emails Click Here
http://www.actonsoftware.com/acton/rif/1523/s-0135-1207/-/l-0002:15bcd/l-0002/zout
-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://www.polarhome.com/pipermail/munindo/attachments/20120719/51ace8ab/attachment-0001.html>
More information about the Munindo
mailing list