Will history be repeated ? Will history be repeated ?
Just something to keep an eye on !
This turned into a great option deal for Integra, I believe Integra ownes most of the good ground,,, now to pick up the rest of the Airport Property from Alexandra ! By the way AZX stock is trading looks like they have hit a mineralized plug ?
Integra Gold was called Kalahari Resources before a name change !
Sep 30, 2009
Kalahari Resources Options Extension of T-8 Anomaly Where Previous Drilling Intersected 236.57 g/T Gold Over 0.88 Meters and Begins Planning Drill Program
VANCOUVER, BC - Kalahari Resources Inc. (TSXV: KLA) (the "Company') is pleased to announce it has entered into an agreement with Alexandria Minerals Corp. of Val-d'Or to option a 7.3 hectare claim from their Airport Property. This claim is adjacent to the Company's 100% owned Rocdor East claims, which are a part of its Lamaque property in Val-d'Or, Quebec.
The optioned ground is believed to contain the extension of the Triangle Magnetic, or T-8, anomaly, a high priority gold target for the Company. Drill hole TM-06-01, drilled on the western limit of the anomaly, also returned 6.51 g/t over 6.71 m from 82.72 to 89.43 m as well as the above mentioned high-grade intercept.
A map of the Lamaque property highlighting the newly acquired ground, as well as the location of the Company's NI43-101 inferred resource estimates and areas of interest is available via the following link:
https://media3.marketwire.com/docs/kla0930.pdf
"This is a significant acquisition for the Company as a plug's geophysical surface expression, in this case the T-8 anomaly, may be offset and hundreds of feet away from the actual plug, much like the No. 4 plug and T-5 anomaly," comments Company Chairman, Richard Hughes.
The terms of the agreement with Kalahari for the Airport claim include a payments totalling of $25,000 cash to Alexandria and the issuance of 500,000 Kalahari shares to Alexandria over a period of twelve months, as well as incurring $35,000 in exploration expenditures over a period of 24 months. Alexandria retains a 2% NSR, one half of which may be purchased for $1,000,000.
M2