6 drill rigs operating on the Triangle Deposit with one additional drill rig currently testing the Lamaque Deep target
Integra Gold Corp. (TSX-V: ICG; OTCQX: ICGQF) ("Integra" or the "Company") is pleased to announce that it has filed on SEDAR the independent NI 43-101 Technical Report (the "Report") including the updated Mineral Resource Estimate for the Lamaque Gold Project ("Lamaque") located in Val-d'Or, Québec, as described in the Company's news release dated November 16, 2016.
The Report is available on SEDAR under the Company's profile and on the Company's website at:
http://www.integragold.com/i/pdf/reports/2016-11-16-NI-43-101-Lamaque.pdf
The extensive 2015 and 2016 drill programs completed on deposits and targets across the property have contributed greatly to refining the Company's understanding of the geology, especially in regard to gold mineralization distribution and controls. This has led to refinements on a number of key resource estimation parameters relative to previously used parameters.
An additional 23,800 m of drilling completed at Triangle in the last 12 months was used in the Report. The Triangle Q1 2017 resource estimate will utilize a year-end database cut-off date of December 31, 2016 and will incorporate an additional 105,000 m.
Table 1
November 2016 Global Lamaque Resource Estimate (3 g/t Au Cut-Off)
Deposit
|
Indicated
|
Inferred
|
Tonnes
|
Grade (g/t Au)
|
Ounces (Au)
|
Tonnes
|
Grade (g/t Au)
|
Ounces (Au)
|
Triangle (1)
|
3,273,000
|
7.01
|
737,590
|
4,500,400
|
6.94
|
1,004,170
|
No. 4 Plug (2)
|
505,448
|
6.67
|
108,443
|
915,903
|
6.84
|
201,464
|
Parallel (3)
|
761,100
|
7.48
|
182,920
|
382,100
|
5.72
|
70,290
|
No. 6 Vein (4)
|
462,800
|
5.60
|
83,450
|
362,000
|
6.40
|
74,240
|
Fortune (5)
|
330,200
|
5.10
|
53,660
|
28,100
|
4.60
|
4,160
|
Sixteen (6)
|
91,700
|
5.20
|
15,440
|
1,800
|
4.20
|
250
|
Total
|
5,424,248
|
6.78
|
1,181,503
|
6,190,303
|
6.81
|
1,354,574
|
Table 2
November 2016 Global Lamaque Resource Estimate (5 g/t Au Cut-Off)
Deposit
|
Indicated
|
Inferred
|
Tonnes
|
Grade (g/t Au)
|
Ounces (Au)
|
Tonnes
|
Grade (g/t Au)
|
Ounces (Au)
|
Triangle (1)
|
2,014,600
|
8.96
|
580,150
|
2,668,700
|
9.03
|
774,880
|
No. 4 Plug (2)
|
300,417
|
8.56
|
82,634
|
579,432
|
8.59
|
160,028
|
Parallel (3)
|
426,800
|
10.29
|
141,210
|
184,100
|
7.70
|
45,560
|
No. 6 Vein (4)
|
201,300
|
7.90
|
51,280
|
239,800
|
7.50
|
58,080
|
Fortune (5)
|
155,000
|
6.30
|
31,620
|
9,400
|
6.60
|
1,990
|
Sixteen (6)
|
41,800
|
6.90
|
9,250
|
400
|
6.40
|
90
|
Total
|
3,139,917
|
8.88
|
896,144
|
3,681,832
|
8.79
|
1,040,628
|
Next Steps
All drilling completed on the various satellite deposits (Parallel, No. 6 Vein, No. 4 Plug, Fortune, Sixteen) has now been incorporated in the current resource estimate. The one significant exception is Triangle, where a total of over 105,000 m of both infill (70%) and step-out (30%) drilling has been completed since the database cut-off for the current estimate. These drill results, which have been disclosed on a timely basis throughout the year, clearly illustrate the potential for additional resource growth at Triangle (see 2016 News Releases). Modelling is now underway for a full Triangle resource update which will include all of the drill data referenced above. This resource estimate is expected to be completed in Q1 2017.
The Company currently has 7 diamond drills active at Lamaque, including 6 at Triangle, and estimates that the total drilling conducted in 2016 will amount to 120,000 m.
Drilling in 2017 will focus on Triangle and No. 4 Plug in addition to key exploration targets throughout the property including the Lamaque Deep and priority Gold Rush Challenge targets.
The Company has also commissioned a PEA which will incorporate the resource estimates disclosed in the Report and in this news release. This PEA is anticipated to be completed in Q1 2017 and will focus on four of the six deposits for which resources exist at Lamaque. The Fortune and Sixteen deposits, which account for minimal resources, will not be included in the upcoming PEA.
Project and Company Profile
Integra Gold is a junior gold exploration company advancing projects in Val-d'Or, Québec, one of the top mining jurisdictions in the world. The Company's primary focus is its high-grade Lamaque South Gold Project. In 2014, Integra completed the accretive acquisition of the Sigma Mill and Mine Complex, a fully permitted 2,200 ton per day mill and tailings facility. With major federal and provincial permits in place, existing infrastructure, an excellent resource base, and exploration potential, this acquisition removed major costs and shortened timelines typically associated with mine projects.
Integra has raised over $127 million since 2013, at successively higher share prices, despite depressed gold prices. In August 2015, Eldorado Gold Corporation completed a strategic investment in Integra, acquiring 15% of the outstanding common shares. Integra was named to the TSX Venture top 50 performers in 2015 and the OTCQX Best 50 award for 2015.
Qualified Person
The Lamaque South and Sigma-Lamaque exploration projects, jointly known as the Lamaque Gold Project, are under the direct supervision of Hervé Thiboutot, Eng., Senior Vice-President of the Company, and Jacques Simoneau, P. Geo., Exploration Manager of the Company. Mr. Thiboutot and Mr. Simoneau are Qualified Persons ("QPs") as defined by the National Instrument 43-101. Mr. Christian D'Amours, P. Geo., OGQ #226, from GeoPointCom, is responsible for the completion of the resource estimates and is an independent QPs as defined by the National Instrument 43-101. The Company's QPs have reviewed the technical content of this release.
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 the Bourlamaque and ALS Laboratories 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 atomic absorption (AA) finish, with a gravimetric finish completed for samples exceeding 5 g/t Au. Results published are from the gravimetric finish if above 5 g/t Au and from the AA finish if lower than 5 g/t Au.
ON BEHALF OF THE BOARD OF DIRECTORS
Stephen de Jong
CEO & President
CONTACT INFORMATION
Corporate Inquiries: Chris Gordon: [email protected]
Or visit the company website: www.integragold.com
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