What can we say ? Some good news !Integra Gold Announces Lamaque Resource Estimate:
What can one say ?
The good news was, “Lamaque Deep hole has reached target depth of 2,200 m and first wedge is planned to start shortly”
The disappointing news was the #4 plug.
“a reduction of 47% in meterage”,,
“very little mineralization occurring outside the intrusive”,,
“upcoming PEA the Company anticipates using only the No. 4 Plug resource estimate as presented in Tables 1, 2 and 9 while additional work on the P4 Cluster model is undertaken”
Lets stick with the good news !
“Lamaque Deep hole has reached target depth of 2,200 m and first wedge is planned to start shortly”
https://www.integragold.com/i/pdf/presentation-november2016.pdf
Slide # 17
The depth extension of the Main Plug, with targeting further refined by the Company's in-house knowledge together with information from this year's Gold Rush Challenge submissions, will now be tested by first drilling a master pilot hole located in the structural footwall of the mineralized intrusive plug. The completed master pilot hole will then form the origin for multiple (minimum of 15) wedged off-set holes at various intervals below 1,000m vertical depth, designed to test for gold mineralized extensions below Lamaque.
Geological compilation work has also demonstrated that the Lamaque Deep target area hosts most of the gold bearing structures and favorable host rocks from both mines providing optimal gold discovery conditions: pipe-like intrusive dioritic "plugs," a favorable host rock which dips northeast towards the Sigma mine, and similar quartz-tourmaline-pyrite gold bearing vertical and "flat" veining arrays related to shear zones.
The downward projection of most of the gold mineralized shear zones from the Sigma Mine are also dipping southward towards the extension of the Lamaque Main Plug itself, providing an ideal exploration target area below 1,100m depth at the Lamaque Mine.
Compilation work shows that this target zone with its optimal set of host conditions was previously intersected in a very limited historic drill-campaign conducted in 1997 by previous operators.
M2
PS; Good news, PEA Pending, One mother of a resource update in Jan 2017 !