VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan. 29, 2014) - Integra Gold Corp. (TSX VENTURE:ICG) ("Integra" or the "Company") is pleased to provide an update on its ongoing information and consultation initiatives.
As part of the Company's ongoing commitment to take a proactive approach to the project consultation process, a public information meeting was held in Val-d'Or, Québec, on January 28, 2013. The purpose of the meeting was to present the status of the project, discuss the potential impact and benefits for the Val-d'Or community, and gather insight and feedback from residents. The meeting was well attended, with over 250 residents and stakeholders in attendance. Management was encouraged by the feedback received and the readily apparent level of community support for the Lamaque mining project. Integra remains committed to working with the people of Val-d'Or to build a development plan for the Lamaque Project that will maximize benefits for both the community and Company shareholders.
This public information session concludes the Company's first phase of its public consultation process which focused primarily on identifying potential stakeholders, informing the public and community of Integra's objectives, and gathering feedback which will be used when building the project's development plan. Over the past three months more than 24 private and public meetings have been held with stakeholders. The Company will be providing an update on its plans for the second phase of its information and consultation process in the near future. Information regarding public meetings and project updates will be published on the Company's website as it becomes available.
The Company also announces that it has granted incentive stock options to its directors, officers, employees and consultants, exercisable to purchase in aggregate up to 3,900,000 common shares in the capital of the Company until January 29, 2021 at an exercise price of $0.20 per share. The options were granted in accordance with Integra's Stock Option Plan and, with the exception of options granted to directors, are subject to vesting provisions.
The Company also announces it has added Joshua Serfass, B.A., to its investor relations team. Mr. Serfass has a background in operations and marketing and will be supporting the Company's various marketing and communication initiatives.
Project and Company Profile
Integra's Lamaque gold project is located in the heart of the Val-d'Or gold camp in the Province of Québec, Canada, approximately 550 km northwest of Montréal. Québec is rated one of the best mining jurisdictions in the world. Infrastructure, human resources and mining expertise are readily available.
The Company's primary objective is to continue to prove up additional resources while advancing the existing resource towards production. The project has previously been split into two main clusters of mineralization, the North and South Clusters, which are located approximately 1 km from each other. The South Cluster consists of the No. 4 Plug, Triangle and Triangle South zones, and is located 3 km from the City of Val-d'Or. The North Cluster consists of the Parallel, Fortune, No. 5 Plug, and No. 3 Mine zones, and is located 1 km from Val d'Or. Two new zones added recently (see January 28 press release), the Sixteen Zone and No. 6 Vein, now form a new Cluster referenced as the West Cluster.
ON BEHALF OF THE BOARD OF DIRECTORS
Stephen de Jong, CEO & President
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.