|By Marketwired .||
|January 23, 2014 10:26 AM EST||
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 01/23/14 -- Integra Gold Corp. (TSX VENTURE:ICG) ("Integra" or the "Company") is pleased to announce final results of its 2013 fall drill program on the South Triangle zone at its Lamaque Gold Project located in Val-d'Or, Quebec. The Company completed 6,966 m in 13 drill holes on this target in 2013. Results disclosed today confirm the eastern extension of the South Triangle zone. The discovery of gold mineralization to the South and South-East of the existing Triangle Zone provide significant potential for resource expansion at Triangle.
"The Triangle Zone contains the highest grade indicated resource on the Lamaque Project, so to be intersecting mineralized veins hundreds of meters from the current resource limit is very encouraging. Drilling will now test the area in between the Triangle and South Triangle Zones to determine if mineralization is continuous throughout," commented Company President and CEO Stephen de Jong. "The 20,000 meter Triangle drill program announced last week is focused on defining resources above the 400 meter vertical level in order to advance the project, but as drilling has intersected high grade mineralized veins as deep as 1,200 meters, there remains substantial potential to expand known resources at depth."
Click on the following link to view the project plan map and zones location:
South Triangle Drilling Program
South Triangle results disclosed today have re-confirmed the presence of gold mineralized shear hosted veins in volcanic rocks south of the Triangle zone, returning, among others, an intercept of 13.14 g/t Au over 2.0 m in hole TMS-13-09. This new intercept is the eastern extension, some 60 m to the east, of the mineralized zone previously disclosed in hole TMS-13-07 which graded 13.29 g/t Au over 7.0 m (see press release dated November 18, 2013). As intercepts from hole TMS-13-07 and TMS-13-09 are also 175 m down-dip from the closest Triangle Zone intersections, there is potential to build upon the current resource base.
Other holes reported today (TMS-13-08 and TMS-13-10 to TMS-13-13) were testing the down dip extensions (between 50 and 100 m down-dip) of the new zones reported from holes TMS-13-07 and TMS-13-09A. Although all holes intersected shear zones with local quartz-tourmaline veining, no significant values are reported.
To view a complete table of composited assay results for South Triangle drilling click on the following link:
To view a drill hole location map, please click on the following link:
Due to accessibility issues, the new South Triangle zones could not be tested up-dip towards the Triangle Zone during the Company's 2013 program. These zones will be tested as part of the 2014 drill program.
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 split into two main clusters, the North and the South Clusters, which are located approximately 1 kilometer ("km") from each other. The South Cluster consists of the No. 4 Plug, Triangle and Triangle South zones, and is located 3 km from the City of Val-d'Or. The North Cluster consists of the Parallel, Fortune, No. 5 Plug, and No. 3 Mine zones, and is located 1 km from Val d'Or.
The Lamaque exploration project is under the direct supervision of Herve Thiboutot, P.Eng. and Senior Vice-President of the company, a Qualified Person ("QP") as defined by National Instrument 43-101, Alain-Jean Beauregard, P.Geo., and Daniel Gaudreault, P.Eng., Geo. of Geologica Inc., both independent QP as defined by National Instrument 43-101. The Company's QP has 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 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 atomic absorption finish, 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 are used for the reported composite intervals.
ON BEHALF OF THE BOARD OF DIRECTORS
Stephen de Jong, CEO & President
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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 constitutes 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.