RE:RE:RE:EGF TG, From the last NR on drill results: The bulk of the drill program will be completed during the winter and spring months, from January to June 2016. The spring breakup is anticipated to commence soon, however, following the construction of new surface access roads, the Company expects that it will be able to continue drilling throughout the spring with three to five drill rigs in operation.
Hard to believe, but of the drill results Integra has released thus far, most of all were those of the Fall/Winter 2015. None to speak of have been released from this years drilling. Perhaps the back log of assays is one reason why they cut down the number of rigs, perhaps not.
They do have an assay lab that was included with the mill purchase, supposedly consisting of a
crushing room, pulp balance room, furnace room, wet lab room, and balance room. The lab was capable of analyzing 700 fire assay samples a day. One would believe (if operational) that it would enable a faster turnaround than the speed of molasses we'll seeing now.
With the GRC drilling starting up in June, Integra will have a full plate up there drilling this Summer/Fall/ and perhaps Winter.
I Agree with Cormack Securities in that "We continue to expect Eldorado eventually acquires Integra and that the Eastmain equity position may eventually evolve into a spinout vehicle (“Integra 2.0”) allowing shareholders ongoing exposure as Integra Management unlocks value at Clearwater".
And I will add that when a deal is made, knowing Integra would want to realize full compensation for the entire Lamaque resource, that on top of drilling out the resource, adding a royalty would help compensate for any resource undiscovered. Afterwards onto ER, and perhaps more.