Last C$0.29 CAD
Change Today -0.02 / -6.45%
Volume 362.2K
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integra gold corp (ICG) Snapshot

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03/17/14 - C$0.39
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integra gold corp (ICG) Details

Integra Gold Corp. engages in the acquisition and exploration of mineral properties in Canada. Its flagship project is the Lamaque South gold project that consists of 4 contiguous mining concessions and 20 mining claims covering approximately 1,512 hectares located in Val-d`Or Gold district, Québec. The company was formerly known as Kalahari Resources Inc. and changed its name to Integra Gold Corp. in December 2010. Integra Gold Corp. is headquartered in Vancouver, Canada.

integra gold corp (ICG) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: C$193.3K
Chief Financial Officer
Total Annual Compensation: --
Senior Vice President of Exploration
Total Annual Compensation: C$183.3K
Compensation as of Fiscal Year 2014.

integra gold corp (ICG) Key Developments

Integra Gold Corp. Appoints Charles Oliver to Board of Directors

Integra Gold Corp. announced the appointment of Charles Oliver to the company's board of directors. Mr. Oliver is a geologist who most recently held the position of Lead Portfolio Manager for the Sprott Gold and Precious Minerals Fund. Prior to his role at Sprott Asset Management, Mr. Oliver was a Senior Vice President and Lead Portfolio Manager at AGF Funds. During his 11 year tenure at AGF Funds, Mr. Oliver managed a variety of funds, including the Precious Metals Fund, Canadian Resources Fund, Global Resources Fund, Growth Equity Fund and Markland Oilsands Sector Fund.

Integra Gold Corp. Announces Commencement of 50,000 Meter Drill Program at its Lamaque Gold Project

Integra Gold Corp. announced that it has commenced a 50,000 meter drill program at its Lamaque Gold Project (the Lamaque Project) in Val-d'Or, Québec, Canada. The Company currently has four diamond drill rigs active on the property, and expects to have up to 7 drill rigs operating in the coming weeks. The Company's proposed 2015 drill program entails more than 50,000 m of drilling in approximately 120 drill holes. The 2015 program will utilize up to seven drill rigs during the winter months and an estimated two drill rigs during the summer and fall months. In addition to the drilling announced, the Company will also use one additional drill rig to continue cementation of previously drilled holes. Drill hole cementation is part of the preparation process for potential underground exploration and development. Triangle Zone Drilling: The Triangle Zone will be the main drill target in 2015, with drilling focused on testing the lateral extensions of mineralization to the east, west and south. To the east of Triangle, drilling will focus on targets that remain open in the vicinity of the 2014 drill program which intersected multiple high grade mineralized zones, including 14.23 grams per tonne Gold (g/t Au) over 11 m in TM-14-32. Drilling to the west of Triangle will further test areas targeted during the 2014 condemnation drilling for the proposed Triangle ramp access, which intersected gold mineralization grading up to 101.85 g/t Au over 1.6 m in TMC-14- 10. To the south of Triangle, the Company intends to continue testing extensions of gold mineralization hosted in volcanic units. Drilling in the southern volcanics hosted within the Triangle Zone during 2014 returned significant assays, including 23.02 g/t Au over 5 m in TM-14-03A. Additional Targets: Additional targets scheduled for definition and expansion drilling include the No. 6 Vein, which was included in the 2014 mineral resource update, but not included in the Preliminary Economic Assessment (PEA), and contains 79,550 ounces of gold indicated (245,200 tonnes grading 7.8 g/t Au) and 24,590 ounces of gold inferred (93,400 tonnes grading 7.4 g/t Au). The Company will also be conducting drilling at its No. 3 Mine target, where a resource estimate has yet to be completed; however, past results include grades of up to 32.32 g/t Au over 3.0 m. Resources estimates from both of these zones are not included in the resource base used in the recently disclosed Preliminary Economic Evaluation. 2015 drilling will also include initial testing of a vein array suite of flat veins situated on the boundary between the Lamaque South project and the recently acquired Sigma-Lamaque property. Mining on the Sigma-Lamaque property was stopped in 2012 by its previous operator, Century Mining Corporation. An initial review of sections and level plans from the existing Sigma-Lamaque data indicates that these high grade flat veins extend across the boundary on to the Lamaque South Project itself, extending into areas with a close proximity to planned mine workings proposed in the Company's recently released PEA. This target is located a few hundred meters north of the No. 5 Plug zone and is accessible via underground workings at Sigma-Lamaque.

Integra Gold Corp. Announces Drill Results from 2014 Fortune and No. 5 Plug Drill Programs

Integra Gold Corp. announced results from its 2014 definition drill program at the Fortune Zone and exploration drill program at the No. 5 Plug Zone at the Lamaque South Gold Project located in Val-d'Or, Québec. The company completed 5,771 m of drilling in 22 drill holes as part of the 2014 summer/fall drill program at the Fortune Zone. This program focused on reducing drill spacing in the core of the Fortune deposit while partially testing for extensions of gold mineralization laterally. The Fortune Zone, one of four deposits presently under economic evaluation at the PEA stage on the Lamaque South Project, is located in the northern part of the Lamaque South project. The company completed the infill definition drill program for this deposit in the fall of 2014. Drilling focused on decreasing drill spacing to between 25 to 40 m centers while confirming the continuity of gold mineralization within the deposit. The mineralization encountered at Fortune appears to be constrained within two major east-west vertical shear zones approximately 75 m apart. These geological structures are reminiscent of the gold mineralization setting present at the historic Sigma Mine, which produced more than 4.5 million ounces of gold and was recently acquired by Integra. At the neighboring Sigma Mine, located 500 meters from Lamaque, major flat to northerly dipping mineralized veins are present and are often constrained by sub-vertical shear zones. The company completed 4,338 m of drilling in 17 drill holes as part of the 2014 fall drill program at the No. 5 Plug. The goal of this program was to evaluate the lateral continuity of reported intercepts from the 2012 program on that plug and reduce drill spacing to between 50 to 75 m centers for near surface zones, defined as 0 to 300 m vertical. The No. 5 Plug is located in the northern part of the Lamaque South project, only a few hundred meters south of the recently acquired Sigma Mill. The No. 5 Plug drill program, completed in the fall of 2014, was undertaken to expand the successful drill campaign completed on No. 5 Plug in late 2012. While drill holes are widely spaced and additional drilling is likely required to further define the zones, multiple narrow, high grade veins were successfully intercepted. Vein intercepts seem to have lateral and dip extensions that extend in some cases greater than 100 m from the primary area of mineralization. Identified mineralized structures also appear to dip from 15 to 40 degrees to the south with some vein stacking occurring.


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