ICG: SEDAR Files Technical Report for Initial Preliminary Economic Assessment...
posted on
Apr 29, 2014 03:47PM
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 |
Apr 29, 2014 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Integra Gold SEDAR Files Technical Report for Initial Preliminary Economic Assessment for the Lamaque Gold Project | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
VANCOUVER, BC: Integra Gold Corp. (TSX-V: ICG) ("Integra" or the "Company") is pleased to announce that it has filed on SEDAR today the NI 43-101 technical report for the Preliminary Economic Assessment ("PEA"), disclosed in the Company's news release dated March 11, 2014, for its Lamaque Gold Project ("Lamaque") located in Val-d'Or, Québec. The PEA, prepared by InnovExplo Inc. ("InnovExplo") with technical contributions from AMEC, Golder Associates, Geologica Groupe-Conseil Inc., Geopointcom Inc. and WSP Engineering, demonstrates the strong economic potential of the Lamaque Project.
The report will be available under the Company's profile on SEDAR and on the Company's website via the following link: http://www.integragold.com/i/pdf/reports/43-101_PEA_Lamaque_2014.pdf. PEA Highlights:
PEA Base Case Assumptions and Summary
PEA Production Profile (Diluted Head Grade after Mining)
2014 Lamaque Drill Program Planned drilling for 2014 at the Lamaque project has been increased to a minimum of 45,000 m. This includes the recently completed 24,000 m definition program at the Triangle Zone, definition drilling at the Fortune Zone (8,000 m), exploration drilling at Plug No. 5 (5,000 m) and Mine No. 3 targets (6,000 m), and geotechnical drilling at Parallel, Triangle, and Fortune zones (2,000 m). The Plug No. 5 and Mine No. 3 targets are not currently included in the Lamaque Project's total resource and following the proposed drill programs the Company will conduct resource estimation on these targets in the latter part of 2014. The PEA is preliminary in nature and includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves. There is no certainty that the PEA will be realized. 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 northwest 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. The zones from the West Cluster, as well as the Mine No. 3 and Plug No. 5 zones from the North Cluster are not included in the PEA. Qualified Person The Lamaque Project is under the direct supervision of Hervé Thiboutot, Eng. Senior Vice-President of the Company, and Francois Chabot, Eng. and Operations and Engineering Manager of the Company. Both Mr. Thiboutot and Mr. Chabot are Qualified Persons ("QP") as defined by National Instrument 43-101. In addition, each of the individuals listed below are independent QP for the purposes of NI 43-101. All scientific and technical information in this press release in respect of the Lamaque Project or the PEA is based upon information prepared by or under the supervision of those individuals. For InnovExplo Inc., Sylvie Poirier, Eng. (Mining) and Laurent Roy, Eng. (Mining); for Geologica, Alain-Jean Beauregard, Geol. (Geology) and Daniel Gaudreault, Eng. (Geology); for GeoPointcom, Christian D'Amours, Geol. (Resources); for Amec, Stephan Bergeron, Eng. (Environment); for Golder Associates, James Tod, Eng. (Geo-Mechanics); and for WSP Engineering, Michel Garon, Eng. (Metallurgy). The Company's QPs have reviewed the technical content of this press 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: • Twitter: http://twitter.com/integragoldcorp 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 disclosures in this release 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 that the Company is able to obtain any government or other regulatory approvals required to complete the private placement and Company's planned exploration activities, that the Company is able to complete the private placement, 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 the private placement will not be completed, 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. |