VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 03/20/13 -- Integra Gold Corp. (TSX VENTURE: ICG) ("Integra" or the "Company") is pleased to announce that it has entered into agreements with AMEC Environment & Infrastructure, a division of AMEC Americas Limited ("AMEC"), related to Gap Analysis and Environmental Baseline studies for its Lamaque Gold Project ("Lamaque") located in Val d'Or, Quebec. The studies are an essential step towards the full evaluation and potential development of its main gold bearing zones at Lamaque (see map link below).
Link to map: http://www.integragold.com/i/maps/Zone_map_Mar_19_2013.pdf
"AMEC is one of the world's leading engineering groups and has extensive experience in the region. The studies announced today are an integral part of the Company's bigger plan, to aggressively advance the Lamaque Gold Project towards development. We have made the decision to initiate these campaigns early on in the process as we are confident the pending resource estimate will warrant further advanced stage studies, beginning with a full Preliminary Economic Assessment (PEA)," commented Company President and CEO, Stephen de Jong. "Modelling of the primary gold bearing zones for the purpose of resource estimation continues and we remain on track to produce an updated estimate for the Lamaque Project in Q2, 2013. Once completed, the resource model will be combined with metallurgical and infrastructure studies to produce a PEA in late 2013. Further clarification on specific timing for the PEA will be provided as and when available."
The Gap Analysis will focus on identifying all potential applicable legal and permitting requirements, as well as linking those to required technical studies needing to be addressed in order that the project can advance smoothly and on schedule towards development. This study will aid in establishing a clear timeline and pathway towards underground exploration, development and production. It is expected that this study, which has direct links to the planned Preliminary Economic Assessment to be completed later on this year, will be completed within the next 2-3 months.
The Environmental Baseline study will describe and define the base reference for numerous environmental, hydrological, wildlife, and socio-economic issues. Results of the study are to be used to apply for, and ultimately obtain, permits and environmental authorizations to initiate underground exploration as the Company continues towards potential production.
More specifically, data collection and studies will include climate, air quality, and noise surveys; geological, hydrogeological and hydrologic project definition; wildlife, flora and archeological status and potential issues; and social economic evaluation in terms of land use, economic impact, employment, and relation with the diverse stakeholders. Specific data collection and studies to be performed are an essential step towards completing a full Environmental Impact Study if and when required. The initial phase of the environmental baseline study will be completed in late 2013.
Most Popular Stories
- American Airlines, US Airways Complete Merger
- ACA Delay Stresses Small Businesses
- Questions Remain in Jenni Rivera's Death
- Unemployed Wait as Lawmakers Debate
- General Dynamics Plans 200 New Jobs in N.M.
- Harley Issues Motorcycle Recall
- Dell Offers Undisclosed Number of Employee Buyouts
- Auto Dealer Builds Big Solar Project
- Saab Gets Back into the Game; U.S. Auto Sales Soar
- Entrepreneurs' Next Creation May Be New Laws