Updated Resource Estimate Well here we are, the announcement concerning the updated resource estimate at Triangle is now upon us, with the numbers coming out this week or next. Here's my take on what we can expect.
As I had posted back in September of what I believed those numbers to be, and how they could very well blow some of the experts that follow Integra and the junior mining sector, out of the water!
One of the experts, Lauren McConnell of Paradigm Capital, seems to have a handle on it as she states:
"We met with Integra Gold Corp.'s management team in Denver for an update at its 100%-owned Lamaque South property. The company is currently working toward an updated resource estimate. . .expected in early Q4/15. . .we expect that this estimate will likely show a substaintial increase in not only the number of ounces but also the quality of ounces. . .Integra remains our top exploration/development story."
I'm looking for Integra Gold, using a 3.0 grams/tonne gold cut-off grade, to Increase the Triangle Zone Indicated Resource by 169% from 520,530 to 1,400,000 ounces of gold at a grade of around 9 g/t Au. That's an increase at Triangle of 880,000 Au ounces, while using a drilling data-base cut-off date of April 2015.
The Lamaque Project, North & South, with the remaining drilling this year & next, could very well turn into what the Integra & Eldorado management believe's "A World Class Deposit".
Now if the Gold price can hold-onto it's current $1160 handle, I would not be at all surprised to see the stock price of ICG increasing 28% to 33%, reaching a price range of the upper .30's to .40 cent range in Canadian.
Everyone here must do their own "Due Diligence", the above is mine. GLTA