RE:IR wwadehammer
Thanks for sharing your info from (IR) John
Interesting comment in regards to drilling on the Donald property.
When I first met Hevy at the PDAC he talked about one of the locations he wanted to drill was that large pink target on the mag map located on Donald property but at the time they had to prioritize money/drilling at the Triangle Zone. At the time he did give me the reasons why he felt they could have something of interest at the Donald property .
So, great to read your post,, “”geologist were exicted by the drilling at the Donald property but he couldn't give me any specific reason”” I have a good feeling they have found something of interest,, who knows maybe another plug ?
Drilling the Donald Property
The big pink target on the Mag Map east of the Triangle Zone & #4 Plug could be another large Plug. Read the NR of Jan 18, 2012 below !
Click on the following link to view the property: https://media3.marketwire.com/docs/icg717-F1.pdf
Immediate focus continues to be on drilling – The 2016 drilling program is again an aggressive program (about 120k metres planned for the year) that continues to refine the understanding of Triangle and the adjacent #4Plug.
Currently there are four rigs active; one at Lamaque Deep, two at Triangle and one at the Donald target (this being the potential eastern extension of Triangle).
Jan 18, 2012 Integra Gold Acquires Ground Adjacent to High-Grade Triangle Resource
View PDF
https://www.integragold.com/s/news_releases.asp?ReportID=502422
Tonalite Intrusive Sill Hosting Triangle Zone Resource Continues onto Acquired Ground
Previous Work Intersected 20.2 g/t Gold over 0.76 meters on Eastern Boundary
Western Limit of the Structure Closest to the Triangle Zone Untested
Majority of Previous Drilling Focused on Portion of Geological Feature
Directly East of the #4 Plug Hosting 315, 975 Gold Ounces
Integra Gold Corp. (TSX-V: ICG) (Integra or the "Company") is pleased to announce, subject to regulatory approval, that the Company has entered into an option with Globex Mining Enterprises Inc. to acquire a 100% interest in the Donald property, located directly east of the Company's flagship Lamaque Gold Project in Val d'Or, Quebec.
Click on the following link to view the property: https://media3.marketwire.com/docs/icg717-F1.pdf
The Donald Property, adjacent and contiguous to the East of the Lamaque Gold Project, is located between the Lamaque and MacGregor Property and consists of seven (7) mining claims for a total of 112 hectares. It was acquired by the Company in order to permit follow-up exploration work on the eastern lateral extension of the Triangle Zone and its host tonalite intrusive sill. It is strategically located 200 meters east of the Triangle Zone; approximately 400 meters southeast of the No. 4 Plug (315,975 inferred gold ounces) and some 450 meters south of the old Aumaque Mine (located east of the Lamaque property). The mineralization in the Aumaque Mine was found to be "consistent in style with that found in the Sigma-Lamaque Complex, a non-NI 43-101 compliant historical resource of 67,000 gold ounces [57,000 ounces (8.57 g/t) and 17,000 ounces (6.03 g/t)] was estimated." (Century Mining Corp. website)
"Purchasing this property is part of Integra's intentional plan to secure land positions directly to the east of the #4 Plug and the Triangle Zone, an area of the Lamaque Gold Project that shows the greatest potential for hosting gold," comments Company President and CEO, John de Jong. "The #4 Plug, containing almost half of the reported gold ounces, and the Triangle Zone with its significant gold grades, are now fully open for exploration to the east. Individual drill results on the Donald Property, with grades of 20.20 g/t Au over .76 meters, are consistent with individual drill results on the Triangle Zone and #4 Plug. All in all, obtaining this property now provides Integra unfettered ability to expand exploration and development to the east without concerns of encroaching claim boundaries."
Similar to the recently acquired MacGregor Property, the geology mainly consists of East-West striking felsic to mafic volcano-sedimentary rock units (rhyolites, andesites, basalts and pyroclastics) and local tonalitic intrusive sills and plugs that are known to host gold mineralization when altered and fractured.
Past exploration drilling on the Donald Property revealed the following significant intersections:
The gold mineralization is associated with quartz-tourmaline-carbonate-pyrite veins and shears. Exploration work and follow-up drilling will be proposed as soon as data validation and geo-scientific compilation is completed.
Consideration for the property is $175,000 and 250,000 shares, all payable over a period of four years. Globex is entitled to a 3% Gross Metal Royalty. The Company has the right to purchase one-third (1%) of this royalty for $750,000 for a period of five years from the date of exercise of the option.
Company and Gold Project Location
Integra's Lamaque Gold Project is located in the Val d'Or gold camp in the Province of Quebec, Canada, which is rated one of the best mining jurisdictions in the world. Infrastructure, human resources and mining expertise are readily accessible.
The Company's shares are tightly held by a number of private investors, institutions and a major gold producer, Shandong Gold International Mining Ltd. The Company's focus is to advance gold zones demonstrating potential for open pit mining and where gold resources can be added quickly to the reported gold resource estimate as noted in the news release dated November 16, 2011, posted on Sedar and the Company website.
The gold project shares its northeastern border with the producing Sigma Mine which has produced 4.7 million ounces of gold to date and has reported significant gold resources and reserves. On its northwest border the Main Plug produced the majority of its 4.7 million ounces of gold for the historic Lamaque Mine. The Agnico-Eagle Goldex Mine, located approximately 6 kilometers west, reported reserves of 3.4 million gold ounces (mine closed recently due to engineering difficulties), and directly west of Goldex is the producing Osisko Mine reporting reserves of 10.71 million ounces of gold.
The Lamaque Property is located about 550 km northwest of Montral, Quebec. The property consists of four (4) contiguous mining concessions and twenty (20) mining claims for a total of 1,459 hectares, owned 100% by Integra.
QUALITY ASSURANCE - QUALITY CONTROL
The Lamaque project exploration is under the direct supervision of Alain Beauregard, P.Geol. of Geologica Inc., an independent qualified person as designated by National Instrument 43-101, who has reviewed the technical content of this release.
ON BEHALF OF THE BOARD OF DIRECTORS
John de Jong
CEO & President