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Integra Gold Discovers Two New Gold-bearing Zones

Charlotte McLeod
Oct. 07, 2015 09:28AM PST
Gold Investing

Integra Gold Corp. (TSXV:ICG,OTCQX:ICGQF) announced that it’s discovered two new gold-bearing zones about 2.6 and 2.7 kilometers west of the Triangle zone.

Integra Gold Corp. (TSXV:ICG,OTCQX:ICGQF) announced that it’s discovered two new gold-bearing zones about 2.6 and 2.7 kilometers west of the Triangle zone. They are also 1.5 and 1.1 kilometers south of the past-producing Lamaque mine.
In addition, the company released final drill results from winter/spring 2015 drilling at the No. 6 vein and No. 3 mine targets.
Highlights include:

  • New gold bearing zones presenting similar geological characteristics as other gold deposits on the Lamaque South property, namely No. 4 Plug and Triangle Zone, discovered by reconnaissance type drilling of geophysical targets
  • Results from the No. 6 vein 2015 drilling program indicate lateral and down dip extensions on several of the mineralized horizons with an updated resource estimate to be completed in 2016. Some of the most significant results disclosed today include (*note: all intervals are down-hole thicknesses, true width cannot be determined with the information currently available):
    • 13.18 grams per tonne gold (“g/t Au”) over 1.80 meters (“m”) in hole V6-15-01
    • 32.15 g/t Au over 1.69 m in hole V6-15-05
    • 22.64 g/t Au over 2.59 m in hole V6-15-11
    • 11.95 g/t Au over 4.80 m in hole V6-15-21

Stephen de Jong, president and CEO of Integra, commented:

What is especially intriguing about the results announced today is the discovery of previously unknown intrusive units in areas that have seen very limited work apart from Integra’s grassroots drill program that focused on geophysical targets. The new gold mineralization, which is spatially associated to those intrusive units, show all the characteristics of other significant intrusive deposits on the property, including quartz veining with tourmaline and sulfides. Thus far, drilling has been very limited on the new discoveries, and using the Triangle Zone as a potential analogue, additional drilling laterally and at depth is required to better understand the significance and impact of these results.
Drill permits are now in place and we will prioritize follow up drilling to fully assess the potential of these new zones which will commence as soon as access is available, likely in January 2016. The discovery of these new Triangle analogues creates yet another series of high priority targets for Integra as it pushes forward with one of the most aggressive exploration campaigns in the mining industry, with over 90,000 meters targeted for this year and more than 100,000 meters of diamond drilling planned for 2016. There are currently five diamond drill rigs in operation on the Lamaque South Project and we are planning to increase the number of active rigs as we move into the winter period.

Click here to read the full Integra Gold Corp. (TSXV:ICG,OTCQX:ICGQF) press release.

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