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Integra Gold in the Spotlight

Integra Gold is a junior mining company based out of Val Dor Quebec. They are focused on bringing their Lamaque Deposit to production. Over the past 4 years, Integra has produced some amazing results. Since 2015 they have drilled over 80,000m and  so far in 2016 they have drilled 11,000 Meters with a total of 120,000m of drilling planned for 2016. The Triangle deposit has over 60,000 Meters of Drill Cores essays pending.

in 2015 Integra Gold acquired the Sigma Mill and Deposit which is Fully permitted for 2400 tpd. Currently, Integra is focused on drilling at the Lamaque deep deposit looking for some more high-grade targets deep underground. The Rano underground has begun digging to the Lamaque deep zone in July 2016. It is expected to take 15 months to reach the upper levels of the deposit. Integra believes that it might be possible to find a Multi-Million ounce deposit in the Lamaque Deep zone.

Integra's Triangle deposit features some amazing drill results and the current resource estimates are as follows

Gold Mineral Resources

(including Triangle, No. 4 Plug, Parallel, Sixteen, No. 6 Vein and Fortune Deposits)(1)(2)(3)(4)(5)(6)(7)(8)

Indicated Resources Inferred Resources
Cut-Off Grade Ounces Grade (g/t Au) Tonnes Ounces Grade (g/t Au) Tonnes
3 g/t Au 1,164,600 6.78 5,346,200 1,028,050 7.03 4,551,300
5 g/t Au 872,850 9.04 2,998,300 800,620 9.08 2,743,000

Breakdown by Zone

(3 g/t cut-off)(1)(2)(3)(4)(5)(6)(7)(8)

  Indicated Resources Inferred Resources
Zone Tonnage
(metric tonnes)
Grade
(g/t Au)
Contained Ounces (Au) Tonnage
(metric tonnes)
Grade
(g/t Au)
Contained Ounces (Au)
Fortune 125,500 5.8 23,600 252,300 5.6 45,220
Triangle 2,648,000 7.37 627,810 3,934,700 6.89 871,530
No. 4 Plug 1,325,100 5.6 237,450 0 0.0 0
Parallel 766,500 7.3 180,750 250,900 10.7 86,460
No. 6 Vein 389,400 6.4 79,550 111,600 6.9 24,590
Sixteen Zone 91,700 5.2 15,440 1,800 4.2 250
Total 5,346,200 6,78 1,164,600 4,551,300 7.03 1,028,050

 

At this time a 60,000m of drilling are still pending and a new PEA and resources estimate are due.

The 2015 PEA that was done showed that they could produce

  • 105,000 ounces a year
  • $731 AISC
  • C$85M Capex
  • 246,500 Ounces recovered from the Triangle Deposit

What this all translates to is that Integra Gold is serious about drilling and showing positive results. Integra is lead by Stephen De Jong who is being very patient and developing this company at pace, that is showing investors he is serious about bringing Integra to production.

Over the past 4 years, the share price for Integra has gone up a modest 180%. This has been a slower than average rise compared to some other Junior mining companies who have seen more than this just at the start of the year, But Integra has solid partners, they are well funded with over $50 million in cash and no Debt, focused on Drilling and showing positive ounces in the ground. The resource estimate has been growing year after year and with the new PEA coming out in the next few months and 60,000 meters of pending essays the new PEA is likely going to increase the resource estimates again.

Expect great things to come from Integra in the near Future.

 

 

 

 

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