Integra Gold SEDAR Files NI 43-101 Technical Report
posted on
Mar 13, 2014 11:56PM
Integra Gold is a Canadian company focused on production planning for its high-grade Lamaque South project in one of Canada's premier gold producing districts, the "Valley of Gold," Val-d'Or, Québec
TSX-V: ICG News Release |
Mar 13, 2014 | |||||||||||||||
Integra Gold SEDAR Files NI 43-101 Technical Report for the Lamaque Resource Estimate Update Disclosed January 28, 2014 | ||||||||||||||||
Press Release Highlights:
Resource Summary The Lamaque global indicated resource increased by 14% to 756,280 ounces and the inferred resource increased by 9% to 293,710 ounces when compared to the previous estimate. Significant potential remains to increase the resource base laterally and at depth in the majority of the deposits or mineralized zones at Lamaque. Three additional targets drilled in 2012 and 2013, the No. 5 Plug, Triangle South and No. 3 Mine, have not yet been added to the Lamaque resource base. Approximately 40,000 meters of new drilling at these three zones and at the Triangle and Parallel Zones have not yet been incorporated into the global Lamaque resource estimate. Updated Global Lamaque Gold Project Resource Summary
The updated resource estimate filed on SEDAR today is for two additional deposits at the Lamaque Project - the No. 6 Vein and Sixteen Zone. Similar to other Lamaque deposits, gold mineralization is contained within quartz-tourmaline-pyrite veins. The host rock for mineralization at the Sixteen Zone is a diorite sill, a unit similar to other Lamaque deposits. The host rocks at No. 6 Vein are mafic volcanics, making it the third zone at the Lamaque Project, including the new discovery at South Triangle zone, found outside the usual intrusive host rock. The Report, dated March 11, 2014, was prepared according to NI 43-101 guidelines and in accordance with CIM Standards on Mineral Resources and Reserves, under the supervision of independent qualified persons. The report was prepared and compiled by Alain-Jean Beauregard, P.Geo. of Geologica Inc., Daniel Gaudreault, Eng., Geo., of Geologica Inc., and Christian D'Amours, P. Geol., OGQ of Geopointcom. The Company also announces it has entered into a service agreement with Mi3 Communications Financières Inc. who will perform investor relations services on behalf of the Company in Quebec. The Company continues to expand and adapt its marketing efforts and will be working closely with Mi3 to communicate the Integra story moving forward. The Company announces it has granted 300,000 stock options in accordance with its stock option plan. The options are priced at $0.34 and expire on March 13, 2021. Project and Company Profile Integra's Lamaque gold project is located in the heart of the Val-d'Or gold camp in the Province of Québec, Canada, approximately 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 available. The Company's primary objective is to continue to prove up additional resources while advancing the existing resource towards production. The project is divided into three main clusters of mineralization, the North, South and West Cluster. The North Cluster consists of the Parallel, Fortune, No. 5 Plug, and No. 3 Mine zones and is located approximately 1 km from the South Cluster, which includes the No. 4 Plug, Triangle and Triangle South zones. The Sixteen Zone and No. 6 Vein form the West Cluster. Qualified Persons ("QP") The Lamaque exploration project is under the direct supervision of Hervé Thiboutot, Eng., Senior Vice-President of the Company, and Francois Chabot, Eng., Manager Operations/Engineering of the Company. Both Mr. Thiboutot and Mr. Chabot are QPs as defined by the National Instrument 43-101. Alain-Jean Beauregard, P.Geo., Daniel Gaudreault, Eng., Geo., of Geologica Inc., and Christian D'Amours, P. Geol., OGQ, are responsible for the completion of the 2013 Technical Report and resource updates; all three are independent QPs as defined by the National Instrument 43-101. The Company's QPs have reviewed the technical content of this release. ON BEHALF OF THE BOARD OF DIRECTORS Stephen de Jong CEO & President CONTACT INFORMATION Corporate Inquiries: Chris Gordon: chris@integragold.com Or visit the company website: www.integragold.com 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. |