SOURCE: Integra Gold Corp.

Integra Gold Corp.

February 22, 2017 06:30 ET

Integra Gold Reports Best Ever Intercept at Triangle: 71.61 g/t gold over 14.75 m, including 459.07 g/t gold over 2.20 m, within the Proposed Bulk Sample Target at the Triangle C2 Structure (8.26 g/t Au capped at 34.3 g/t Au, 13.23 m in true thickness)

VANCOUVER, BC--(Marketwired - February 22, 2017) -

Press Release Highlights:

  • Results from the ongoing C2 structure ("C2") infill drill program include 71.61 g/t gold ("Au") over 14.75 meters ("m") (8.26 g/t Au capped at 34.3 g/t Au, 13.23 m in true thickness), 26.31 g/t Au over 8.55 m (10.64 g/t Au capped, 6.15 m in true thickness), 21.95 g/t Au over 5.75 m (11.54 g/t Au capped, 2.83 m in true thickness), and 10.81 g/t Au over 9.10 m (9.76 g/t Au capped, 5.15 m in true thickness).
  • Results from the C4 structure ("C4") infill drill program include 14.50 g/t Au over 7.10 m (7.10 g/t Au capped, 7.00 m in true thickness) and 20.04 g/t Au over 5.00 m (16.39 g/t Au capped, 4.86 m in true thickness).
  • Results from the C5 structure ("C5") infill and extension drill program include 36.05 g/t Au over 4.60 m (16.26 g/t Au capped, 4.26 m in true thickness), 36.22 g/t Au over 2.15 m (23.78 g/t Au capped, 1.99 m in true thickness), and 11.33 g/t Au over 2.70 m (no capping required, 2.55 m in true thickness).

Integra Gold Corp. (TSX VENTURE: ICG) (OTCQX: ICGQF), ("Integra" or the "Company") is pleased to announce additional assay results from its drill program on the Triangle Deposit ("Triangle") situated on the Lamaque Gold Project ("Lamaque") in Val-d'Or, Québec. The results announced today are from 10,750 m of drilling (30 drill holes) completed in 2016 and 2017. Results are currently pending from over 6,100 m (26 drill holes) of diamond drilling completed at Triangle in 2017.

"As the Company's exploration ramp at Triangle gradually approaches the proposed bulk sample target, impressive drill results like those reported today continue to demonstrate the future potential of Triangle. Infill drilling within the proposed bulk sample target has exceeded expectations in both grade and thickness, and extensional drilling on deeper structures suggest that Triangle has the potential for further growth," noted Integra President and CEO Stephen de Jong.

Triangle Drill Results Summary

The following table highlights selected intercepts from this set of drill results. Additional results for drill holes disclosed in this news release can be found at the link below. Individual composites are disclosed as both uncapped and capped (when applicable) with individual values capped at 34.3 g/t Au.

           
Drill Hole Number From
(m)
To
(m)
Interval
(m)(1)
Gold
Assay (g/t)(2)
Interpreted
Zone
TM-16-220W01 415.15
Capped
725.00
415.85

728.00
0.70

3.00
35.13
34.30
5.95
n/a

C4
TM-16-235M03 480.00
Capped
488.80
495.80
575.00
747.20
Capped
480.50

490.70
500.50
579.50
749.35

0.50

1.90
4.70
4.50
2.15

75.88
34.30
11.40
7.53
7.25
36.22
23.78
n/a

n/a
C3-70
C4
C5

TM-16-235W01M02 474.80
559.90
575.80
Capped
616.00
746.20
Capped
Include
475.30
562.75
580.80

619.10
750.80


0.50
2.85
5.00

3.10
4.60

0.40
31.05
9.76
20.04
16.39
5.50
36.05
16.26
190.56
n/a
C3-100
C4

C4-30
C5


TM-17-240BM01 595.00
Capped
Include
721.00
602.10


723.70
7.10

0.50
2.70
14.50
7.10
126.74
11.33
C4


C5
TM-17-241 176.20
177.10
178.30
190.00
2.10
12.90
10.02
7.58
C1-60
C2
TM-17-242 47.60 52.60 5.00 5.08 C1-20
TM-17-243 197.40 200.30 2.90 14.51 C2
TM-17-244 164.35 170.60 6.25 6.41 C2
TM-17-245 45.10 50.00 4.90 5.94 C1-20
TM-17-246 181.00 183.70 2.70 6.21 C2
TM-17-248 52.00
199.60
59.90
206.00
7.90
6.40
5.63
2.52
C1-20
C2
TM-17-249 89.30 93.00 3.70 5.53 C2
TM-17-250 50.55
Capped
171.90
Capped
179.00
Capped
include
55.70

178.20

182.00


5.15

6.30

3.00

0.80
11.90
7.83
12.37
10.66
29.06
11.89
98.57
C1-20

C2

n/a


TM-17-253 48.00
Capped
156.45
Capped
include
and
53.50

165.00



5.50

8.55

0.50
0.70
15.03
7.94
26.31
10.64
203.47
104.86
C1-20

C2



TM-17-254 79.80
Capped
82.50

2.70

18.88
11.62
C2

TM-17-255 83.80 86.10 2.30 13.15 C2
TM-17-256 104.00
Capped
113.10

9.10

10.81
9.76
C2

TM-17-257 69.90 70.60 0.70 28.59 n/a
TM-17-259 97.25
Capped
include
103.00


5.75

0.50
21.95
11.54
111.69
C2


TM-17-260 141.30 145.45 4.15 10.83 C2
TM-17-261 140.20
Capped
Include
155.75
158.00
154.95


156.50
159.00
14.75

2.20
0.75
1.00
71.61
8.26
459.07(3)
27.83
10.44
C2


n/a
n/a
n/a - no zone assigned yet
  
(1)Downhole thickness; true width varies depending on drill hole dip; most drill holes are aimed at intersecting the vein structures close to perpendicular therefore true widths are close to downhole widths (approximately 85-90% conversion ratio); true widths of C structures intercepts are presented on longitudinal sections (links available below).
(2)Selection of mineralized intervals are based on geological observations, mainly on the amount of quartz-tourmaline-sulfide veining, and on a 1.00 g/t Au cut-off for compositing; composited intervals are presented uncap and capped (when applicable) with individual values capped at 34.3 g/t Au; no minimum thicknesses considered.
(3)The 2.20 m interval grading 459.07 g/t Au consist of the following individual assay results: 38.72 g/t Au over 0.70m, 159.73 g/t Au over 0.70m and 1088.80 g/t Au over 0.80m.
  

To view the assay results table for drill holes released today please click on the following link (note: new results are identified in red font):

https://www.integragold.com/site/assets/files/2203/nr-23feb17_composites_compilation_triangle_final.pdf

To view a cross section of Triangle and the No. 4 Plug Deposit please click on the following link:

http://www.integragold.com/site/assets/files/2209/triangle_longsection_23feb2017.pdf

Infill Drilling on the C2 Structure Intersects Significant High-Grade Mineralization within the Proposed Bulk Sample Target Area

The infill drill program on C2 is completed at roughly 25 m centers with an objective to define the continuity and geometry of gold-bearing structures. The C2 infill drill program also provides information to guide the development of the underground exploration ramp, identify crosscut locations, and plan future drifts which will be targeted for the underground exploration program and extraction of a bulk sample. The recent infill drill results within the proposed target area for the bulk sample are significant and include numerous high-grade intercepts.

Reported drill results from C2, as well as some from the C1-20 structure (located in the upper part of C1), include the following (all results uncapped, downhole width, see full assay tables for details):

  • 71.61 g/t Au over 14.75 m (C2 - TM-17-261)
  • 26.31 g/t Au over 8.55 m (C2 - TM-17-253)
  • 21.95 g/t Au over 5.75 m (C2 - TM-17-259)
  • 10.81 g/t Au over 9.10 m (C2 - TM-16-256)
  • 12.37 g/t Au over 6.30 m (C2 - TM-17-250)
  • 14.51 g/t Au over 2.90 m (C2 - TM-17-243)
  • 18.88 g/t Au over 2.70 m (C2 - TM-17-254)
  • 13.15 g/t Au over 2.30 m (C2 - TM-17-255)
  • 10.83 g/t Au over 4.15 m (C2 - TM-17-260)
  • 7.58 g/t Au over 12.90 m (C2 - TM-17-241)
  • 15.03 g/t Au over 5.50 m (C1-20 - TM-17-253)
  • 11.90 g/t Au over 5.15 m (C1-20 - TM-17-250)

As illustrated in the longitudinal sections for C1/C1-20 and C2 (see link below), results from numerous intercepts are still pending. Note that the true thicknesses of intervals are indicated on all longitudinal sections and will differ from downhole lengths reported in the drill assay tables.

C1/C1-20 Longsection:
https://www.integragold.com/site/assets/files/2208/ls_c1c120-ddh_20170222_with_class.pdf

C2 Longsection:
http://www.integragold.com/site/assets/files/2204/ls_c2-ddh_20170222_with_class.pdf

Drilling on C4 and C5 Continues to Provide Confidence in the Geological Model and Highlights the Growth Potential of These Structures

Infill drill results at C4 are being completed at 40 m to 50 m centers and continue to demonstrate good internal continuity of the gold-bearing structure, supporting the Company's current geological and resource models. In addition, successful expansion drilling at C5 indicates the potential for further resource growth at depth.

Significant C4 and C5 drill results announced today include:

  • 20.04 g/t Au over 5.00 m (C4 - TM-16-235W01M02)
  • 14.50 g/t Au over 7.10 m (C4 - TM-16-240BM01)
  • 36.05 g/t Au over 4.60 m (C5 - TM-16-235W01M02)
  • 36.22 g/t Au over 2.15 m (C5 - TM-16-235M03)
  • 11.33 g/t Au over 2.70 m (C5 - TM-16-240BM01)

As illustrated in the vertical longitudinal sections of C4 and C5 (see link below), additional results are pending from infill and extensional drill holes at various depths ranging from 325 m to 825 m vertical.

C4 Longsection:
http://www.integragold.com/site/assets/files/2205/ls_c4-ddh_20170222_with_class.pdf

C5 Longsection:
http://www.integragold.com/site/assets/files/2206/ls_c5-ddh_20170222_with_class.pdf

Lamaque Project Exploration Program Summary

The results announced today are from 30 drill holes representing 10,750 m of drilling. Assays are pending from an additional 26 drill holes completed at Triangle in 2017 representing 6,100 m. An updated resource estimate that will incorporate all 2016 drill holes at Triangle is being prepared and will be released in Q1 2017. Please note, all drill holes drilled in 2017, including those disclosed today or in previous news releases, will not be included in the updated resource estimate in Q1 2017. Drill results will continue to be disclosed as they become available.

As of February 22, 2017 a total of 15,920 m (72 drill holes) were completed at Lamaque. Of this total, 11,200 m of drilling in 54 drill holes has been completed at Triangle (including completed, ongoing, wedges and abandoned drill holes). A total of six drill rigs are currently operating at Lamaque; three drill rigs are continuing with the Triangle infill and expansion drill program, two drill rigs are continuing definition drilling on the No. 4 Plug, and one drill rig is testing the Lamaque Deep target.

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 the fall of 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 and significant exploration potential, this acquisition removed major costs and shortened timelines typically associated with mine projects. Integra has raised over $125 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 named to the TSX Venture top 50 performers in 2015 and the OTCQX Best 50 award for 2015.

Qualified Person

The Lamaque project is 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. 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, including timing of completion of an updated resource estimate, timing of completion of an updated PEA and completion of the Sigma-Lamaque transaction. 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, that the Company is able to procure personnel, equipment and supplies required for its exploration and development activities in sufficient quantities and on a timely basis and that actual results 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, those matters identified in its continuous disclosure filings, including its most recently filed MD&A. 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.

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