- Published: 16 November 2016
- Written by Editor
Integra Gold Announces Lamaque Resource Estimate: Triangle Indicated Resource Increases 17.5% to 737,590 Gold Ounces and Triangle Inferred Resource Increases 15.2% to 1,004,170 Gold Ounces
Table 1
November 2016 Global Lamaque Resource Estimate (3 g/t Au Cut-Off)
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Deposit Indicated Inferred
---------------------------------------------------------
Grade Ounces Grade Ounces
Tonnes (g/t Au) (Au) Tonnes (g/t Au) (Au)
----------------------------------------------------------------------------
Triangle (1) 3,273,000 7.01 737,590 4,500,400 6.94 1,004,170
----------------------------------------------------------------------------
No. 4 Plug (2) 505,448 6.67 108,443 915,903 6.84 201,464
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Parallel (3) 761,100 7.48 182,920 382,100 5.72 70,290
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No. 6 Vein (4) 462,800 5.60 83,450 362,000 6.40 74,240
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Fortune (5) 330,200 5.10 53,660 28,100 4.60 4,160
----------------------------------------------------------------------------
Sixteen (6) 91,700 5.20 15,440 1,800 4.20 250
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Total 5,424,248 6.78 1,181,503 6,190,303 6.81 1,354,574
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Table 2
November 2016 Global Lamaque Resource Estimate (5 g/t Au Cut-Off)
----------------------------------------------------------------------
Deposit Indicated Inferred
-------------------------------------------------------
Grade Ounces Grade Ounces
Tonnes (g/t Au) (Au) Tonnes (g/t Au) (Au)
----------------------------------------------------------------------
Triangle (1) 2,014,600 8.96 580,150 2,668,700 9.03 774,880
----------------------------------------------------------------------
No. 4 Plug (2) 300,417 8.56 82,634 579,432 8.59 160,028
----------------------------------------------------------------------
Parallel (3) 426,800 10.29 141,210 184,100 7.70 45,560
----------------------------------------------------------------------
No. 6 Vein (4) 201,300 7.90 51,280 239,800 7.50 58,080
----------------------------------------------------------------------
Fortune (5) 155,000 6.30 31,620 9,400 6.60 1,990
----------------------------------------------------------------------
Sixteen (6) 41,800 6.90 9,250 400 6.40 90
----------------------------------------------------------------------
Total 3,139,917 8.88 896,144 3,681,832 8.79 1,040,628
----------------------------------------------------------------------
(1) Triangle: Effective date is March 15, 2016; Specific gravity of 2.8
g/cm3; geologically constrained model with hard boundary; capping of 20
g/t Au on composites when estimated cells are more than 15 m from drill
hole otherwise uncapped; composited to 1 m downhole length before
geostatistical analysis; 2 m minimum true thickness, if required diluted
with in situ grade when assay results are available otherwise diluted
with "zero" grade; ordinary kriging; 3 g/t cut-off calculated for
official resource numbers.
(2) No. 4 Plug: Effective date is October 28, 2016; Specific gravity of 2.80
g/cm3; geologically constrained model with hard boundary; capping of 20
g/t Au on composites when estimated cells are more than 15 m from drill
hole otherwise uncapped; composites are 1 m in downhole length before
geostatistical analysis; 2 m minimum true thickness, if required diluted
with in situ grade when assay results are available otherwise diluted
with "zero" grade; ordinary kriging; 3 g/t cut-off calculated for
official resource numbers.
(3) Parallel: Effective date is February 05, 2016; Specific gravity of 2.80
g/cm3; geologically constrained model with hard boundary; capping of
individual gold values at 100 g/t Au then capping of 20 g/t Au on
composites when estimated cells are more than 15 m from drill hole
otherwise uncapped; composited to 1 m downhole length before
geostatistical analysis; 2 m minimum true thickness, if required diluted
with in situ grade when assay results are available otherwise diluted
with "zero" grade; ordinary kriging; 3 g/t cut-off calculated for
official resource numbers.
(4) No. 6 Vein: Effective date is June 17, 2016; Specific gravity of 2.80
g/cm3; geologically constrained model with hard boundary; capping of 20
g/t Au on composites when estimated cells are more than 15 m from drill
hole otherwise uncapped; composited to 1 m downhole length before
geostatistical analysis; 2 m minimum true thickness, if required diluted
with in situ grade when assay results are available otherwise diluted
with "zero" grade; ordinary kriging; 3 g/t cut-off calculated for
official resource numbers.
(5) Fortune: Effective date is April 06, 2015; Specific gravity of 2.82
g/cm3; geologically constrained model with hard boundary; individual
gold values uncap; composited to 1 m downhole length before
geostatistical analysis; 2 m minimum true thickness, if required diluted
with in situ grade when assay results are available otherwise diluted
with "zero" grade; ordinary kriging; 3 g/t cut-off calculated for
official resource numbers.
(6) Sixteen: Effective date is November 18, 2013; Specific gravity of 2.80
g/cm3; geologically constrained model with hard boundary; individual
gold values capped at 35 g/t Au; composited to 0.7 m downhole length
before geostatistical analysis; 2 m minimum true thickness, if required
diluted with in situ grade when assay results are available otherwise
diluted with "zero" grade; ordinary kriging; 3 g/t cut-off calculated
for official resource numbers.
Links to Lamaque Property and Resource Estimate Images/Diagrams:
To view a plan map showing location of all deposits on the Property please click on the following link:
www.integragold.com/i/pdf/PointsofInterestMap_20161115.pdf
To view an idealized section through the Triangle and No. 4 Plug deposits illustrating the structural domains and geological model for resource estimation please click on the following link:
http://www.integragold.com/i/pdf/Triangle_Cross_Section_with_Thumbnails.pdf
Comparison of November 2016 Resource Estimate with November 2015 Resource Estimate
The following tables have been prepared to show the variance in tonnage, grade and ounces since the last resource estimates were completed at the Triangle and No. 4 Plug deposits as well as the global estimate for the Lamaque Property.
Table 3
November 2016 Triangle Resource Estimate Compared with November 2015 Resource Estimate
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Cut-off Resource
Grade Date Indicated Inferred
-----------------------------------------------------------
Grade Grade
Tonnes (g/t Au) Ounces(Au) Tonnes (g/t Au) Ounces(Au)
----------------------------------------------------------------------------
3.0 g/t November
Au 2015 2,648,000 7.37 627,810 3,934,700 6.89 871,530
--------------------------------------------------------------------
November
2016 3,273,000 7.01 737,590 4,500,400 6.94 1,004,170
--------------------------------------------------------------------
Variance +625,000 -0.36 +109,780 +565,700 +0.05 +132,640
------------------------------------------------------------
+23.6% -4.9% +17.5% +14.4% +0.7% +15.2%
----------------------------------------------------------------------------
----------------------------------------------------------------------------
5.0 g/t November
Au 2015 1,664,800 9.40 503,420 2,384,200 8.83 676,960
--------------------------------------------------------------------
November
2016 2,014,600 8.96 580,150 2,668,700 9.03 774,880
--------------------------------------------------------------------
Variance +349,800 -0.44 +76,730 +284,500 +0.20 +97,920
------------------------------------------------------------
+21.0% -4.7% +15.2% +11.9% +2.30% +14.5%
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Table 4
November 2016 No. 4 Plug Resource Estimate Compared with November 2015 Resource Estimate
----------------------------------------------------------------------------
Cut-off Resource
Grade Date Indicated Inferred
-----------------------------------------------------------
Grade Grade
Tonnes (g/t Au) Ounces(Au) Tonnes (g/t Au) Ounces(Au)
----------------------------------------------------------------------------
3.0 g/t November
Au 2015 1,325,100 5.60 237,450 0 0 0
--------------------------------------------------------------------
November
2016 505,448 6.67 108,443 915,903 6.84 201,464
--------------------------------------------------------------------
Variance -819,652 +1.07 -129,007 +915,903 n/a +201,464
-----------------------------------------------------------
-61.9% +19.1% -54.3% n/a n/a n/a
----------------------------------------------------------------------------
----------------------------------------------------------------------------
5.0 g/t November
Au 2015 522,900 8.30 140,280 0 0 0
--------------------------------------------------------------------
November
2016 300,417 8.56 82,634 579,432 8.59 160,028
--------------------------------------------------------------------
Variance -222,483 +0.26 -57,646 +579,432 n/a +160,028
-----------------------------------------------------------
-42.6% 3.1% -41.1% n/a n/a n/a
----------------------------------------------------------------------------
It is important to note that in Table 4 the number of indicated ounces in the No. 4 Plug has declined while the inferred has increased. Several holes used in the earlier analysis were excluded as they were found to have had inaccurate downhole surveys, caused by an abundance of magnetite which makes historic downhole deviation measuring techniques imprecise. The current resource estimate is based on 54 drill holes representing 43,202 m (29,459 samples), a 47% reduction in total meters when compared to the previous resource estimate, even after including new results from the 2015-16 drill program (11,719 m).
The Lamaque global resource estimate as presented in Tables 1 and 2 includes the high angle shears hosted at the No. 4 Plug. These tables do not include the associated, lower grade vein arrays, the P4 Clusters, which contain indicated resources of 185,720 Au ounces grading 3.93 g/t Au and inferred resources of 188,900 Au ounces grading 3.12 g/t Au. The P4 Clusters are not included in the global resource estimate due to different estimation parameters used, notably cut-off grades, and also to prevent "double counting." The P4 Clusters highlight yet another example of the upside on the project and the Company will continue to drill this target with the objective of further enhancing its geological model as well as expanding its resource base.
Table 5
November 2016 Lamaque Global Resource Estimate Compared to November 2015 Resource Estimate
----------------------------------------------------------------------------
Cut-off Resource
Grade Date Indicated Inferred
-----------------------------------------------------------
Grade Grade
Tonnes (g/t Au) Ounces(Au) Tonnes (g/t Au) Ounces(Au)
----------------------------------------------------------------------------
3.0 g/t November
Au 2015 5,346,200 6.78 1,164,600 4,551,300 7.03 1,028,050
--------------------------------------------------------------------
November
2016 5,424,248 6.78 1,181,503 6,190,303 6.81 1,354,574
--------------------------------------------------------------------
Variance +78,048 0.00 +16,903 +1,639,003 -0.22 +326,524
-----------------------------------------------------------
+1.5% 0.0% +1.5% +36.0% -3.2% +31.8%
----------------------------------------------------------------------------
----------------------------------------------------------------------------
5.0 g/t November
Au 2015 2,998,300 9.04 872,850 2,743,000 9.08 800,620
--------------------------------------------------------------------
November
2016 3,139,917 8.88 896,144 3,681,832 8.79 1,040,628
--------------------------------------------------------------------
Variance +141,617 -0.16 +23,294 +938,832 -0.29 +240,008
-----------------------------------------------------------
+4.7% -1.8% +2.7% +34.2% -3.2% +30.0%
----------------------------------------------------------------------------
Triangle Deposit Sees Meaningful Increase in Ounces with Addition of only 23,800 m of New Drilling
For the purposes of preparing a new resource estimate for the upcoming PEA that enhances the understanding and predictability derived from the C Structure modelling, only 23,800 m of the approximate 120,000 m of diamond drilling completed at Triangle in the last 12 months was used. This is significant given the success in recent infill and step out drilling which points to the remaining growth potential of Triangle. The Q1 2017 resource estimate which will utilize a year-end database cut-off date of December 31, 2016 and will incorporate an additional 105,000 m to 110,000 m (approximately 290 - 300 drill holes). No additional drilling has been completed on the other five deposits since their respective database cut-off dates.
This is the second resource estimate completed at Triangle since the Company identified the steeply dipping (45 to 75 degrees) structures ("C Structures") and their relationship with the more shallow dipping (25 to 75 degrees) structures ("C-Splay Structures"). The Company no longer refers to the secondary C-Splay Structures as C Flats as many of these structures have an orientation steeper than 45 degrees and are often sub-parallel to the main C Structures, thereby making the "flat" reference inaccurate, especially considering the potential impact this could have on how the steeper C-Splay Structures are potentially mined. The C-Splay Structures consist of gold bearing shear hosted quartz-tourmaline veins, very similar to the principal C Structures. However, they are generally narrower and less continuous.
Table 6
November 2016 Triangle Deposit Resource Estimate
(3.0 g/t Au and 5.0 g/t Au cut-off grades)
----------------------------------------------------------------------------
Cut-off Grade
Indicated Inferred
--------------------------------------------------------------
Grade Grade
Tonnes (g/t Au) Ounces(Au) Tonnes (g/t Au) Ounces(Au)
----------------------------------------------------------------------------
3.0 g/t Au 3,273,000 7.01 737,590 4,500,400 6.94 1,004,170
----------------------------------------------------------------------------
5.0 g/t Au 2,014,600 8.96 580,150 2,668,700 9.03 774,880
----------------------------------------------------------------------------
Ongoing exploration and extensive data interpretation continues to support the C Structure geological model in all of its aspects. The positive impact of the steeply dipping C Structures has been substantial on several fronts including among other attributes, a net increase in resources and an indication of potential utilization of lower cost mining methods (long-hole mining versus room and pillar mining methods) which will be explored in the upcoming PEA study scheduled for Q1 2017.
Using a 3 g/t Au cut-off grade, gold mineralization contained within the C Structures accounts for 63% of Triangle's total indicated ounces, and 72% of the inferred ounces. The discovery of the C Structures and the quantity and quality of gold ounces within them represents a transformational change regarding the Company's future exploration and potential development plan for Triangle.
Table 7
November 2016 Triangle Deposit Resource Estimate Separated by Hosting Structures (C and C-Splays)
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Cut-off
Grade Host Indicated Inferred
Structure
----------------------------------------------------------
Grade Ounces Grade Ounces
Tonnes (g/t Au) (Au) Tonnes (g/t Au) (Au)
----------------------------------------------------------------------------
3.0 g/t C
Au 2,034,700 7.08 462,980 3,084,600 7.29 722,500
--------------------------------------------------------------------
C-Splays 1,238,300 6.90 274,610 1,415,800 6.19 281,670
--------------------------------------------------------------------
Total 3,273,000 7.01 737,590 4,500,400 6.94 1,004,170
----------------------------------------------------------------------------
----------------------------------------------------------------------------
5.0 g/t C
Au 1,356,600 8.66 377,730 1,924,400 9.33 577,230
--------------------------------------------------------------------
C-Splays 658,000 9.57 202,420 744,300 8.26 197,650
--------------------------------------------------------------------
Total 2,014,600 8.96 580,150 2,668,700 9.03 774,880
----------------------------------------------------------------------------
For informational purposes the following table presents some basic statistics for the C and C-Splay Structures:
Table 8
Dip, Width, and Maximum True Thickness of C and C-Splay Structures
----------------------------------------------------------------------------
Average True Maximum
Host Structure Dip(degrees) Thickness (m) True Thickness (m)
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C 45 to 75 2.4 to 4.6 11
----------------------------------------------------------------------------
C-Splay 25 to 75 2.2 to 3.2 16
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To view vertical longitudinal sections of the Triangle C Structures showing drill hole pierce points, grade times thickness contours and block model resource classification (at 5 g/t Au cut-off), please click on the following link:
http://www.integragold.com/i/pdf/C1-C6_bare_and_countour_vUSE.pdf
No. 4 Plug Deposit: Resource Continues to Expand Despite Reduction of Drill Database
The No. 4 Plug database used for the prior resource estimate (November 2015) contained 279 surface and underground diamond drill holes which accounted for 81,505 m of core and 50,980 samples. In 2016, validation work completed as part of the Company's rigorous QA/QC program highlighted a significant lack of precision in a number of historic, previously drilled holes concerning survey information (due to an abundance of magnetite that caused errors in downhole orientation surveys). The decision was made to resurvey all available holes with a Gyroscope, a downhole survey method that is not influenced by the rocks magnetic properties. The lack of correlation between the Gyroscope results and previously used survey methods led to a decision to only use holes where Gyroscope survey data was available for the resource estimation.
The total number of holes retained in the final No. 4 Plug database was 54 drill holes representing 43,202 m and 29,450 samples, a reduction of 47% in meterage, even after including drilling from the 2015-16 drill campaigns (11,719 m). The significantly reduced database explains, in part, the change in resource classification (from indicated to inferred) for a portion of the resource at No. 4 Plug.
Gold mineralization at the No. 4 Plug differs slightly from that at Triangle. Both deposits host steeply dipping C type structures within its intrusive core, but mineralization at No. 4 Plug appears to be more constrained with very little mineralization occurring outside the intrusive.
Table 9
November 2016 No. 4 Plug Deposit Resource Estimate
----------------------------------------------------------------------------
Cut-off Indicated Inferred
-----------------------------------------------------------------
Grade Grade
Tonnes (g/t Au) Ounces(Au) Tonnes (g/t Au) Ounces(Au)
----------------------------------------------------------------------------
3 g/t Au 505,448 6.67 108,443 915,903 6.84 201,464
----------------------------------------------------------------------------
5 g/t Au 300,417 8.56 82,634 579,432 8.59 160,028
----------------------------------------------------------------------------
No. 4 Plug continued: First Ever Estimation of Low Grade Vein Clusters (P4 Clusters) Completed
In addition to the high angle shear structures (Table 9 above), large zones of tension vein arrays (herein referred to as P4 Clusters) occur inside the intrusive host unit. The tension vein arrays in the clusters appear to be genetically associated with the high angle shear veins. As illustrated in the resource estimate below the clusters contain substantial gold mineralization. In consideration of the two types of distinct mineralization styles, different modelled domains and a different estimation method was used to better estimate gold resources contained in the P4 Clusters.
A Monte Carlo simulation method of resource estimation was used to estimate the gold resources within the P4 Clusters. This same method is used for resource estimation at Agnico Eagle's Goldex deposit in Val-d'Or, Québec, situated 10 kilometers ("km") to the east of Lamaque. The similarities of the P4 Clusters to Goldex style gold mineralization represents the rationale for using the Monte Carlo method of resource estimation. The P4 Clusters cannot be reported using a specific cut-off grade due to their geological characteristics and related estimation methodology, hence the P4 Cluster values being identical in both parts of the following table which includes the P4 Shears at both 3 g/t Au and 5 g/t Au cut-off grades.
The P4 Shears outside the P4 Clusters (essentially a sub-domain of the global P4 Shears domain with resources presented in Table 9 above) were estimated with an Ordinary Kriging ("OK") interpolation methodology, while constraining mineralization by using the lithological and structural models. This model was also constrained on a minimum true thickness of 2 m.
The P4 Shear resource estimate in the table below differs from the No. 4 Plug resource estimate included in the Lamaque global resource estimate (Tables 1 and 2) as a result of some ounces reporting to the P4 Clusters instead of the P4 Shears when the two estimates overlap each other. Careful analysis and rigorous QA/QC checks were completed throughout the process to ensure resources were not double counted.
Due to the reduced database, additional drilling of the P4 Clusters will be required to increase confidence in the geological model and the P4 Cluster resource estimate. For the upcoming PEA the Company anticipates using only the No. 4 Plug resource estimate as presented in Tables 1, 2 and 9 while additional work on the P4 Cluster model is undertaken.
Table 10.
November 2016 No. 4 Plug Deposit Resource Estimate
----------------------------------------------------------------------------
Host Structure Indicated Inferred
----------------------------------------------------------------------------
Grade Grade
Tonnes (g/t Au) Ounces(Au) Tonnes (g/t Au) Ounces(Au)
----------------------------------------------------------------------------
P4 Shears (3 g/t
Au cut-off) (1) 268,600 6.13 52,930 650,100 6.66 139,230
----------------------------------------------------------------------------
P4 Clusters(2) 1,468,500 3.93 185,720 1,881,000 3.12 188,900
----------------------------------------------------------------------------
Total 1,737,100 4.27 238,650 2,531,100 4.03 328,130
----------------------------------------------------------------------------
----------------------------------------------------------------------------
P4 Shears (5 g/t
Au cut-off) (1) 143,700 8.08 37,340 398,700 8.43 108,100
----------------------------------------------------------------------------
P4 Clusters(2) 1,468,500 3.93 185,720 1,881,000 3.12 188,900
----------------------------------------------------------------------------
Total 1,612,200 4.30 223,060 2,279,700 4.05 297,000
----------------------------------------------------------------------------
- P4 Shears (high angle shear veins structures outside vein clusters), effective date is October 28, : Specific gravity of 2.80 g/cm3; geologically constrained model with hard boundary; capping of 20 g/t Au on composites when estimated cells are more than 15 m from drill hole otherwise uncapped; composites are 1 m in downhole length); 2 m minimum true thickness, if required diluted with in situ grade when assay results are available otherwise diluted with "zero" grade; ordinary kriging; 3 g/t cut-off calculated for official resource numbers.
- No. 4 Plug vein clusters ("P4 Clusters"), effective date is October 28, 2016: Part of No. 4 Plug deposit that corresponds to areas containing multiple gold bearing shears and tension vein arrays varying in dip from flat to up to 65 degrees; it is anticipated that some of these resources could be developed using bulk mining methods. A Monte Carlo estimation approach involving a bootstrapping average procedure that can be applied to a specific volume of rock if the number of samples inside the reference volume is sufficient to reasonably capture the sample distribution pattern was used for P4 Clusters. For this method to be appropriate samples must be reasonably equally distributed within the reference volume, and up to a certain point, a proper de-clustering process may address a lack of uniformity, also lithology inside the volume not need to be unique but the proportionality and relation between them must be constant. The bootstrapping average can be considered as representative of the entire volume of reference; this method is non-parametric and it does not relay on any assumption about the shape of the distribution; it allows for properly estimating intervals of confidence for non-parametric distribution; average estimation is verified only for the entire volume of reference; it does not allow for subsequent mining selectivity.
Due to the proximity of the No. 4 Plug to Triangle, there may be an opportunity to utilize future planned underground infrastructure at Triangle to access the No. 4 Plug. This could potentially reduce the development infrastructure required to access No. 4 Plug mineralization, lowering the threshold required to justify a potential bulk tonnage-style mining operation. A trade-off study is currently underway to determine what the approximate minimum resource threshold will be to justify a bulk mining scenario at the No. 4 Plug versus the more selective mining of the P4 Shears that will be focussed on in the upcoming PEA. Regardless of the outcome of this study, more drilling will be required to better define and potentially expand the resource which will take place in 2017 and beyond.
The No. 4 Plug resource estimate was completed by Christian D'Amours of GeoPointCom, Val-d'Or, Québec. It should be noted Mr. D'Amours is familiar and has a detailed understanding of the Monte Carlo estimation methodology used at Goldex having been involved closely in the early stage of Goldex resource modelling and estimation. Details on modelling, estimation methodologies, and results will be presented in an updated NI 43-101 Technical Report to be filed on SEDAR within 45 days.
To view a 3D geological model of No. 4 Plug including resource domains for P4 Shears and P4 Clusters please click on the following link:
www.integragold.com/i/pdf/P4-Geological-Model_20161115.pdf
Next Steps
All drilling completed on the various satellite deposits (Parallel, No. 6 Vein, No. 4 Plug, Fortune, Sixteen) has now been incorporated in the current resource estimate. The one significant exception is Triangle, where a total of 103,850 m of both infill (70%) and step-out (30%) drilling has been completed since the database cut-off for the current estimate. These drill results, which have been disclosed on a timely basis throughout the year, clearly illustrate the potential for additional resource growth at Triangle (see 2016 News Releases). Modelling is now underway for a full Triangle resource update which will include all of the drill data referenced above. This resource estimate is expected to be completed in Q1 2017.
The Company currently has six diamond drills active at Lamaque, including four at Triangle, and estimates that the total drilling conducted in 2016 will amount to approximately 120,000 m. In 2017, the drilling rate will remain high in the coming winter months and will continue to focus on Triangle and No. 4 Plug in addition to key exploration targets throughout the property including the Lamaque Deep and priority Gold Rush Challenge targets.
The Company has commissioned a PEA which will incorporate the resource estimate disclosed in this news release. This PEA is anticipated to be completed in early Q1 2017 and will focus on four of the six deposits for which resources exist at Lamaque. The Fortune and Sixteen deposits, which account for minimal resources, will not be included in the upcoming PEA.
Project and Company Profile
Integra Gold is a junior gold exploration company advancing projects in Val-d'Or, Québec, one of the top mining jurisdictions in the world. The Company's primary focus is its high-grade Lamaque South project. In 2014, Integra completed the accretive acquisition of the Sigma Mill and Mine Complex, a fully permitted 2,200 ton per day mill and tailings facility. With major federal and provincial permits in place, existing infrastructure, an excellent resource base, and exploration potential, this acquisition removed major costs and shortened timelines typically associated with mine projects.
Integra has raised over $120 million since 2013, at successively higher share prices, despite depressed gold prices. In August 2015, Eldorado Gold Corporation completed a strategic investment in Integra, acquiring 15% of the outstanding common shares. Integra was recently named to the TSX Venture top 50 performers in 2015 and the OTCQX Best 50 award for 2015.
Qualified Person
The Lamaque South and Sigma-Lamaque exploration projects, jointly known as the Lamaque project, are under the direct supervision of Hervé Thiboutot, Eng., Senior Vice-President of the Company, and Jacques Simoneau, P. Geo., Exploration Manager of the Company. Mr. Thiboutot and Mr. Simoneau are Qualified Persons ("QPs") as defined by the National Instrument 43-101. Mr. Christian D'Amours, P. Geo., OGQ #226, from GeoPointCom, is responsible for the completion of the resource updates and is an independent QPs as defined by the National Instrument 43-101. The Company's QPs have 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 the Bourlamaque and ALS Laboratories 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 (AA) finish, with a gravimetric finish completed for samples exceeding 5 g/t Au. Results published are from the gravimetric finish if above 5 g/t Au and from the AA finish if lower than 5 g/t Au.
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 disclosures in this release 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 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.
CONTACT INFORMATION
Corporate Inquiries:
Chris Gordon
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Or visit the company website: www.integragold.com
