The Gap Drill Results ? & Macquarie Research ! The Gap Drill Results ? & Macquarie Research Upside potential:
$1.70
Gold prices hammered the juniors today, ELD was up on news but that was it !
One last chance to pick up more Integra ?
We are now entering the 4 Th week from the last NR, should see something this week ?
April 19, 2016:
Integra Gold Reports Wide, Gold Bearing Intercepts including 16.08 g/t Gold over 12.79 m (incl. 180.13 g/t Au over 1.05m) and 4.21 g/t Gold over 27.55 m (incl. 97.6 g/t Au over 0.60m) at No. 4 Plug, 500 metres North of Triangle Deposit
I would like to see some grill results from the Gap !
The Gap Drill Results ??????
Drill results should be out from the gap any time ?
Here is a post from blue,, Feb 18 Th
Drilling the "GAP" - Caesars Report
For Herve Thiboutot, and the exploration team, a high priority was given in verifying through the drill bit, that the Triangle's C structures would carry through to the No. 4 Plug,
Drills started turning on the 11,000m program the moment the swampy area know as the "GAP" froze over. Now with the drilling already completed, were just awaiting the pending assays to confirm that these C structures do carry through the 400m reaching the No 4 Plug.
Increase in Resource - If we use a model of what the C structures added to last November's resource update, with this years drilling at the "GAP", we could expect the 11,000m of drilling to add between 300,000 to 400,000 additional high-grade Au ounces to Integra's resource just for starters.
It's no wonder why this drilling was given high priority, and I would expect an announcement to be made the week prior to the PDAC opening on the now pending assay results. GLTA
The Latest Caesars Report:
https://www.caesarsreport.com/blog/integra-gold-closes-private-placements-and-extends-the-c6-structure/
Macquarie Research
Upside potential:
$1.70
Our upside scenario assumes at Lamaque South, ultimate reserves are 1.3 mom Au with average annual production of 107 kHz Au, UG mining costs at C$77/t (~80% long hole), processing costs at C$25/t, initial capex at C$85m and sustaining capex at C$20m/year.
If more shallow ounces are discovered at other “new plugs” it could imply a separate ramp for mining ore and an increase in annual production
. This would provide additional mill feed and thus lower the milling cost. We also assume Lamaque Deep contains 2.4moz Au and is valued at $50/oz.