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Integra Gold Bumps Triangle Zone’s Indicated Resource Up 173 Percent
Integra Gold Corp. (TSXV:ICG,OTCQX:ICGQF) announced that it has updated the mineral resource estimates for two of the main gold deposits at its Quebec-based Lamaque South gold project.
Integra Gold Corp. (TSXV:ICG,OTCQX:ICGQF) announced that it has updated the mineral resource estimates for two of the main gold deposits at its Quebec-based Lamaque South gold project. A highlight is the 173-percent rise in the indicated resource for the Triangle zone.
Highlights include:
- Using a 3.0 grams/tonne gold (‘g/t Au’) cut-off grade, the Triangle Zone Indicated resources increased 173% from 190,760 ounces to 520,630 ounces of gold at a grade of 8.3 g/t Au
- Using a 3.0 g/t Au cut-off grade, total Lamaque South Indicated resources increased by 40% from 756,310 Au ounces to 1,057,420 Au ounces at a grade of 7.1 g/t Au and Inferred resources increased by 13% from 293,710 Au ounces to 330,990 Au ounces at a grade of 8.4 g/t Au
- Using a 3.0 g/t Au cut-off grade, Indicated and Inferred resources represent 76% and 24% of all Lamaque South resources, respectively
- Excellent exploration potential at depth – 9 million ounces of historical production from the adjacent mines which produced to vertical depths of over 2,000 m, whereas the depth of Integra’s updated resources are from surface to approximately 620 m vertical depth and open below
Stephen de Jong, president and CEO of Integra, commented:
We are extremely pleased witch this substantial increase in resources at the Lamaque South Gold Project. We are particularly encouraged by the considerable growth at our largest and highest grade target, the Triangle Zone. With future studies, we anticipate the Triangle Zone will become an increasingly significant part of the mine plan at the project, beyond what we have indicated in our recent PEA update. What is particularly encouraging is the indication of larger, potentially bulk minable, gold mineralization at the Triangle Zone, given the widths encountered in drilling and modelled in the new resource estimate.
This thicker style of gold mineralization is reminiscent of the zones mined at the past producing Lamaque Mine adjacent and directly north to Lamaque South, where Teck Corporation produced 4.5 million ounces of gold from a combination of narrow vein hosted mineralization and larger ore zones that were mined using bulk underground mining techniques.
Click here to read the full Integra Gold Corp. (TSXV:ICG,OTCQX:ICGQF) press release.
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