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Integra Gold Corp. (TSXV:ICG,OTCQX:ICGQF) released an update on the progress it’s made preparing the Triangle zone for underground exploration. According to the company, all preparatory surface work should be completed by the fourth quarter of this year.
Integra Gold Corp. (TSXV:ICG,OTCQX:ICGQF) released an update on the progress it’s made preparing the Triangle zone for underground exploration. According to the company, all preparatory surface work should be completed by the fourth quarter of this year.
As quoted in the press release:
Prior to commencing underground exploration work beyond the portal, the Company will be updating its resource estimate in Q4 2015. This resource update will include the geological model required to finalize its plan for the underground exploration program at Triangle.
The resource estimate will also be integrated in to a Preliminary Economic Assessment (“PEA”) that is expected in the first-half of 2016 and will incorporate for the first time Triangle’s steeply dipping “C” structures as these structures were not part of earlier resource estimates. The Company will ensure underground exploration infrastructure will be developed in the optimal location and is consistent with the recommendations to be provided in the PEA.
As there is limited outcrop at Triangle, and to ensure installations are outside of mineralized zones, the Triangle surface site was easily determined ahead of time. The portal is located on a mining concession, thereby simplifying the permitting process, and is close to an existing access road. The topography of the site is favorable for portal excavation as well as installation of the required infrastructure.
Stephen de Jong, president and CEO of Integra, commented:
We’ve been fortunate to have had such a successful exploration program this year and we are happy to announce today that we have concurrently made significant progress in preparing the Triangle Zone for future underground exploration. It was our plan to complete this surface work prior to the onset of winter. This work is now 80% complete, on-time and within budget. Local companies and contractors have provided competitive bids and we are impressed with the expertise shown and the quality of work conducted by the consortium of contractors.
This preparation work has not slowed our commitment to the Company’s exploration program as we continue to explore across the property with five drills currently turning and up to 100,000 meters of surface drilling planned for 2016.
Click here to read the full Integra Gold Corp. (TSXV:ICG,OTCQX:ICGQF) press release.