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VANCOUVER, BRITISH COLUMBIA–(Marketwire – Oct. 10, 2012) – INTEGRA GOLD CORP. (TSX VENTURE:ICG) (the “Company”) is pleased to report additional high grade gold values in another 3 holes at the No. 4 Plug on the 100% owned Lamaque Project in Val d’Or, Québec. The Company has now completed its 2012 drill program for the No. 4 Plug. After today’s announcement approximately 12,000 m of drilling has been reported with assays pending for the remaining 8,500 m or 9 drill holes.
“We are enthused by our ongoing drill success at the No. 4 Plug as the most recent results continue to demonstrate the mineralization potential along strike and at depth. Investors can expect a consistent news flow in the coming months while we continue to receive and compile additional results from No. 4 Plug drilling as we work towards an updated resource estimate,” commented Company President and CEO, Stephen de Jong. “We are also finalizing exploration plans for a 10,000 meter drill program on the Number 5 Plug which we expect to initiate prior to the end of this month.”
| Highlights of mineralized intercepts include: | ||||
| Drill Hole | From (m) |
To (m) |
Interval (m) |
Grams/tonne gold (g/t Au)* |
| P4-12-10 | 616.00 | 617.00 | 1.00 | 10.66 |
| 742.00 | 746.00 | 4.00 | 13.74 | |
| P4-12-11A | 404.00 | 405.00 | 1.00 | 14.09 |
| 559.00 | 561.00 | 2.00 | 29.07 | |
| 567.00 | 569.00 | 2.00 | 17.72 | |
| 976.00 | 980.00 | 4.00 | 11.69 | |
| P4-12-12C | 248.00 | 249.00 | 1.00 | 22.50 |
| 363.00 | 364.00 | 1.00 | 16.74 | |
| 461.00 | 466.00 | 5.00 | 19.41 | |
| 576.00 | 578.00 | 2.00 | 25.90 | |
| 648.00 | 650.00 | 2.00 | 48.70 | |
| * All uncut values – Composites with individual assay results cut to 68.6 g/t Au (2 oz./t Au) are presented in the detailed table (see link below) |
To view the complete drill results table please click on the following link:
http://www.brmstatpack.com/lt/1005/1283/no.-4-plug-2012-drill-hole-results-
“Gold bearing intercepts at the Number 4 Plug appear to continue to occur as clusters within the intrusive plug, potentially allowing for more cost-effective, bulk mining methods,” commented Hervé Thiboutot, P.Eng. Senior Vice-President, “Interpretation and modelling was recently initiated and we expect to complete resource estimates for both the Number 4 Plug and the adjacent high-grade Triangle Zone, as well as update for the Parallel and Forestel zones, during the winter months. We have now completed over 30,000 meters of drilling in 2012 which will be incorporated into these updated resource estimates.”
Prior to this year’s work, the Number 4 Plug had a current NI 43-101 compliant inferred resource of 315,975 ounces grading 9.43 g/t in 1,024,258 tonnes (as completed by Teck and audited by Watts, Griffis and McOuat Limited). As of the end of 2011, total global resources for the Lamaque Project total 518,643 inferred ounces (2,335,530 metric tons grading 6.91 g/t gold) and 162,962 indicated ounces (800,799 metric tons grading 6.33 g/t gold).
To view a plan map highlighting the No. 4 Plug drilling program please click on the following link:
http://www.brmstatpack.com/lt/1005/1287/no.-4-plug-map-insert-for-holes-10-to-12
To view the idealized sections for holes P4-12-10, P4-12-11A, and P4-12-12C click on the following links:http://www.brmstatpack.com/lt/1005/1286/no.-4-plug-idealized-section-for-hole-12
http://www.brmstatpack.com/lt/1005/1285/no.-4-plug-idealized-section—holes-10-11-&-11a
PROJECT AND COMPANY PROFILE
Integra’s Lamaque Gold Project is located in the Val d’Or gold camp in the Province of Québec, Canada, about 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 project shares its northeastern border with the Sigma Mine which historically produced approximately 4.8 million ounces of gold, with reported significant gold resources and reserves remaining. On its northwest border Teck produced a total of 4.5 million ounces from the historic Lamaque Mine, the Main Plug contributing the majority of the ounces with 3.7 million ounces of gold mined.
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 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 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 to calculate the reported composite intervals. The Lamaque exploration project is under the direct supervision of Hervé Thiboutot, P.Eng. and 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 Géologica Inc., both independent QP as defined by National Instrument 43-101. The Company’s QP has reviewed the technical content of this release.
ON BEHALF OF THE BOARD OF DIRECTORS
Stephen de Jong, CEO & President
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Cautionary Note Regarding Forward Looking Statements: Certain disclosure in this release may 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 the Company’s planned exploration activities, 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 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.
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.
