VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 11, 2013) - Integra Gold Corp. (TSX VENTURE:ICG) ("Integra" or the "Company") is pleased to announce it has received and filed on SEDAR the independent NI 43-101 Technical Report (the "Report") including the updated Mineral Resource Estimate for the Lamaque Gold Project ("Lamaque") located in Val-d'Or, Québec, as described in the Company's news release dated September 25, 2013.
The Report, dated November 01, 2013, was prepared according to NI 43-101 guidelines and in accordance with CIM Standards on Mineral Resources and Reserves, under the supervision of independent qualified persons. The report was compiled by Alain-Jean Beauregard, P.Geo. of Geologica Inc., Daniel Gaudreault, Eng., Geo., of Geologica Inc., and Christian D'Amours, P. Geol., OGQ of Geopointcom.
The report is available on the Company's website:
http://www.integragold.com/i/pdf/reports/2013-11-01_NI43-101_Lamaque.pdf
"Completion of this Technical Report, which includes a significantly enhanced resource estimate for the Lamaque Gold Project, is another milestone for the Company," commented Company President and CEO, Stephen de Jong. "We have already begun working on the next update, along with various other evaluation initiatives, as we work towards completing the projects' first PEA, will lead directly into a prefeasibility study. Two drills are currently active on the project testing multiple targets which will continue to provide the Company with a strong news flow."
The updated resource estimate represents a substantial improvement, compared to previous disclosure, in contained ounces, average grade, and tonnage with significant potential remaining to increase the resource base laterally, at depth and on new targets.
Table 1 - Mineral Resource Statement, Lamaque Gold Project, September 25, 2013
| Indicated Resources | Inferred Resources | ||||||
| Cut-Off Grade | Ounces | Grade (g/t Au) |
Tonnes | Ounces | Grade (g/t Au) |
Tonnes | |
| 3 g/t Au | 661,290 | 7.2 | 2,844,200 | 268,870 | 11.3 | 738,000 | |
| 5 g/t Au | 498,760 | 10.2 | 1,525,100 | 236,540 | 15.1 | 488,500 | |
Integra's Lamaque gold project is located in the heart of the Val-d'Or gold camp in the Province of Québec, Canada. The project sits adjacent to the historic Lamaque and Sigma Mine which collectively produced over 9 million ounces of gold. Québec is continuously rated one of the best mining jurisdictions in the world. Infrastructure, human resources and mining expertise are readily available.
Qualified Persons ("QP")
The Lamaque exploration project is under the direct supervision of Hervé Thiboutot, Eng., Senior Vice-President of the Company, and Francois Chabot, Eng., Manager Operations/Engineering of the Company. Both Mr. Thiboutot and Mr. Chabot are QPs as defined by the National Instrument 43-101. Alain-Jean Beauregard, P.Geo., Daniel Gaudreault, Eng., Geo., of Geologica Inc., and Christian D'Amours, P. Geol., OGQ, are responsible for the completion of the 2013 Technical Report and resource updates; all three are independent QPs as defined by the National Instrument 43-101. The Company's QPs have 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 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.
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.
Contact Information:
Integra Gold Corp.
Chris Gordon
chris@integragold.com
www.integragold.com