Integra Gold Corp (C-ICG) - News Release

 

Integra Gold drills three m of 173.4 g/t Au at Lamaque

2013-02-26 08:48 ET - News Release
Shares issued 86,478,407
ICG Close 2013-02-25 C$ 0.225

 

Mr. Stephen de Jong reports

INTEGRA GOLD INTERSECTS 173.4 G/T GOLD OVER 3 METERS AT NO. 5 PLUG, LAMAQUE GOLD PROJECT

Integra Gold Corp. is releasing the remaining assay results from its 2012 drill program on the No. 5 Plug at its Lamaque gold project located in Val d'Or, Que. The No. 5 Plug is an exploration target within the North Cluster, 1,000 meters north of the Company's primary zones, the Triangle Zone and No. 4 Plug that together form the South Cluster.

No. 5 Plug Drilling Program

Drilling at No. 5 Plug is presently focused on defining gold mineralization on 50 to 100 m centers primarily on the upper portion of the intrusive plug, above the 600 m level, although significant gold mineralization has been discovered below this level. Results announced today are from the remainder of the 11 hole, 5,000 meter, program completed in December 2012. Drilling of the remaining 5,000 m of the initial 10,000 m program planned for the No. 5 Plug will begin once infill programs at both the Triangle Zone (4,500 m) and No. 4 Plug (4,000 m) have been completed.

The No. 5 Plug will not be included in the Company's upcoming resource estimate, which is expected to be completed in Q2, 2013. The resource potential for this this target will be reviewed once the remaining 5,000 meters of drilling has been completed.

"The results announced today demonstrate that mineralization occurs throughout the intrusive plug while remaining open at depth. We are encouraged with the grade and frequency of veins being intersected at the No. 5 Plug and look forward to completing a further 5,000 meters of drilling at this target in the months to come," commented Company President and CEO, Stephen de Jong. "Drilling will continue during the year on targets such as the No. 5 Plug, making for a steady news flow to accompany other major catalysts. The Company is well financed, actively drilling, and nearing completion of a resource estimate which will include over 35,000 meters of new drilling."

 

Drill highlights at No. 5 Plug include:--------------------------------------------------------------------                                                                Gold                                             Interval          ValueDrill Hole      From (m)        To (m)         (m)(i)      (g/t)(ii)--------------------------------------------------------------------P5-12-07           47.00         47.50           0.50           4.06                   68.50         69.20           0.70           2.03--------------------------------------------------------------------P5-12-08          109.50        111.90           2.40           2.11                  117.80        120.10           2.30           5.55                  176.50        178.00           1.50           1.54--------------------------------------------------------------------P5-12-10          163.50        164.50           1.00           1.50                  238.50        240.50           2.00           1.15                  543.00        544.00           1.00           8.09                  623.00        624.00           1.00          17.15                  779.00        780.00           1.00           4.62                  818.00        819.00           1.00           2.47                  902.00        903.50           1.00           1.22                  917.00        918.00           1.00           4.82--------------------------------------------------------------------P5-12-11          198.50        199.00           0.50           4.08                  207.00        208.00           1.00           3.24                  412.00        413.00           1.00          10.29                  426.00        427.50           1.50           1.78                  485.00        488.00           3.00          23.37                   Uncut                                      173.36               Including                         1.00         517.97                  487.00        488.00           1.00           2.05                  491.00        492.00           1.00           2.10--------------------------------------------------------------------(i) Down-hole thickness, true width varies depending on drill hole   dip                                                                (ii) 1.00 g/t Au cutoff - individual assay values cut to 68.6 g/t Au - no minimum thickness