Welcome!

News Feed Item

Integra Gold SEDAR Files NI 43-101 Technical Report for the Lamaque Resource Estimate Update Disclosed January 28, 2014

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 03/13/14 --

Press Release Highlights:

--  A NI 43-101 Technical Report, which includes updated resource estimates
    for the Lamaque Gold Project, is now available on SEDAR and on the
    Company's website 

--  Approximately 30,000 meters of new drilling at the Lamaque Project has
    not yet been incorporated into this resource estimate 

Integra Gold Corp. (TSX VENTURE:ICG) ("Integra" or the "Company") is pleased to announce it has received and filed on SEDAR the independent NI 43-101 Technical Report (the "Report") including the updated Mineral Resource Estimates for the Lamaque Gold Project ("Lamaque") located in Val-d'Or, Quebec, as described in the Company's news release dated January 28, 2014. Additional resources outlined in this resource estimate were calculated subsequent to the data cut-off date for the recently announced Preliminary Economic Assessment ("PEA") and have therefore not been incorporated into the PEA. For clarification, this is not the 43-101 Technical Report for the PEA which was announced on March 10, 2014, which will be filed on SEDAR within 45 days of that announcement.

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

----------------------------------------------------------------------------
                Indicated Resources                 Inferred Resources      
----------------------------------------------------------------------------
Cut-Off                  Grade                               Grade          
Grade         Ounces   (g/t Au)    Tonnes         Ounces   (g/t Au)   Tonnes
----------------------------------------------------------------------------
3 g/t Au     756,280       7.1  3,325,300        293,710      10.8   851,400
----------------------------------------------------------------------------
5 g/t Au     569,410       9.8  1,812,100        258,850      13.9   582,300
----------------------------------------------------------------------------

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 Financieres 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 Quebec, Canada, approximately 550 km northwest of Montreal. Quebec 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 Herve 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

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:

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained on this presentation. This presentation contains "forward-looking information" concerning Integra Gold Corp.'s ("Integra" or the "Company") future financial or operating performance and other statements that express management's expectations or estimates of future developments, circumstances or results. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "seeks", "believes", "anticipates", "plans", "continues", "budget", "scheduled", "estimates", "expects", "forecasts", "intends", "projects", "predicts", "proposes", "potential", "targets" and variations of such words and phrases, or by statements that certain actions, events or results "may", "will", "could", "would", "should" or "might" "be taken", "occur" or "be achieved". Forward-looking statements included in this presentation include statements regarding potential mineralization and mineral resources, the proposed mining scenario for the South Lamaque Gold Project, including information with respect to the supporting infrastructure, the potential life of mine, rates of employment and the effects of steps taken to mitigate local impacts and the expected completion dates of exploration and drilling, exploration results, estimated and future exploration and administration expenditures, the completion of scoping studies, preliminary economic assessment, pre-feasibility or feasibility studies, and future plans and objectives of Integra.

While all forward-looking statements involve various risks and uncertainties, these statements are based on certain assumptions that management of Integra believes are reasonable, including that it will be able to obtain financing and on reasonable terms, that its current exploration and other objectives can be achieved, that its exploration and other activities will proceed as expected, that its community and environmental impact procedures will work as anticipated, that general business and economic conditions will not change in a material adverse manner, that Integra will not experience any material accident, labour dispute or failure or shortage of equipment, and that all necessary government approvals for its planned exploration and potential development activities will be obtained in a timely manner and on acceptable terms. There can be no assurance that the forward-looking statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Integra's expectations include, among others, the actual results of current exploration activities being different than those anticipated by Integra, changes in project parameters as plans continue to be refined, changes in estimated mineral resources, future prices of metals, increased costs of labor, equipment or materials, availability of equipment, failure of equipment to operate as anticipated, accidents, effects of weather and other natural phenomena, risks related to community relations and activities of stakeholders, and delays in obtaining governmental approvals or financing. Although Integra has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Integra 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.

Contacts:
Corporate Inquiries: Integra Gold Corp.
Chris Gordon
[email protected]
www.integragold.com

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
DX World EXPO, LLC, a Lighthouse Point, Florida-based startup trade show producer and the creator of "DXWorldEXPO® - Digital Transformation Conference & Expo" has announced its executive management team. The team is headed by Levent Selamoglu, who has been named CEO. "Now is the time for a truly global DX event, to bring together the leading minds from the technology world in a conversation about Digital Transformation," he said in making the announcement.
"Space Monkey by Vivent Smart Home is a product that is a distributed cloud-based edge storage network. Vivent Smart Home, our parent company, is a smart home provider that places a lot of hard drives across homes in North America," explained JT Olds, Director of Engineering, and Brandon Crowfeather, Product Manager, at Vivint Smart Home, in this SYS-CON.tv interview at @ThingsExpo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
SYS-CON Events announced today that Conference Guru has been named “Media Sponsor” of the 22nd International Cloud Expo, which will take place on June 5-7, 2018, at the Javits Center in New York, NY. A valuable conference experience generates new contacts, sales leads, potential strategic partners and potential investors; helps gather competitive intelligence and even provides inspiration for new products and services. Conference Guru works with conference organizers to pass great deals to gre...
DevOps is under attack because developers don’t want to mess with infrastructure. They will happily own their code into production, but want to use platforms instead of raw automation. That’s changing the landscape that we understand as DevOps with both architecture concepts (CloudNative) and process redefinition (SRE). Rob Hirschfeld’s recent work in Kubernetes operations has led to the conclusion that containers and related platforms have changed the way we should be thinking about DevOps and...
The Internet of Things will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform. In his session at @ThingsExpo, Craig Sproule, CEO of Metavine, demonstrated how to move beyond today's coding paradigm and shared the must-have mindsets for removing complexity from the develop...
In his Opening Keynote at 21st Cloud Expo, John Considine, General Manager of IBM Cloud Infrastructure, led attendees through the exciting evolution of the cloud. He looked at this major disruption from the perspective of technology, business models, and what this means for enterprises of all sizes. John Considine is General Manager of Cloud Infrastructure Services at IBM. In that role he is responsible for leading IBM’s public cloud infrastructure including strategy, development, and offering m...
The next XaaS is CICDaaS. Why? Because CICD saves developers a huge amount of time. CD is an especially great option for projects that require multiple and frequent contributions to be integrated. But… securing CICD best practices is an emerging, essential, yet little understood practice for DevOps teams and their Cloud Service Providers. The only way to get CICD to work in a highly secure environment takes collaboration, patience and persistence. Building CICD in the cloud requires rigorous ar...
Companies are harnessing data in ways we once associated with science fiction. Analysts have access to a plethora of visualization and reporting tools, but considering the vast amount of data businesses collect and limitations of CPUs, end users are forced to design their structures and systems with limitations. Until now. As the cloud toolkit to analyze data has evolved, GPUs have stepped in to massively parallel SQL, visualization and machine learning.
"Evatronix provides design services to companies that need to integrate the IoT technology in their products but they don't necessarily have the expertise, knowledge and design team to do so," explained Adam Morawiec, VP of Business Development at Evatronix, in this SYS-CON.tv interview at @ThingsExpo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
To get the most out of their data, successful companies are not focusing on queries and data lakes, they are actively integrating analytics into their operations with a data-first application development approach. Real-time adjustments to improve revenues, reduce costs, or mitigate risk rely on applications that minimize latency on a variety of data sources. In his session at @BigDataExpo, Jack Norris, Senior Vice President, Data and Applications at MapR Technologies, reviewed best practices to ...
Widespread fragmentation is stalling the growth of the IIoT and making it difficult for partners to work together. The number of software platforms, apps, hardware and connectivity standards is creating paralysis among businesses that are afraid of being locked into a solution. EdgeX Foundry is unifying the community around a common IoT edge framework and an ecosystem of interoperable components.
"ZeroStack is a startup in Silicon Valley. We're solving a very interesting problem around bringing public cloud convenience with private cloud control for enterprises and mid-size companies," explained Kamesh Pemmaraju, VP of Product Management at ZeroStack, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Large industrial manufacturing organizations are adopting the agile principles of cloud software companies. The industrial manufacturing development process has not scaled over time. Now that design CAD teams are geographically distributed, centralizing their work is key. With large multi-gigabyte projects, outdated tools have stifled industrial team agility, time-to-market milestones, and impacted P&L stakeholders.
"Akvelon is a software development company and we also provide consultancy services to folks who are looking to scale or accelerate their engineering roadmaps," explained Jeremiah Mothersell, Marketing Manager at Akvelon, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Enterprises are adopting Kubernetes to accelerate the development and the delivery of cloud-native applications. However, sharing a Kubernetes cluster between members of the same team can be challenging. And, sharing clusters across multiple teams is even harder. Kubernetes offers several constructs to help implement segmentation and isolation. However, these primitives can be complex to understand and apply. As a result, it’s becoming common for enterprises to end up with several clusters. Thi...