Upon completion of the current metallurgical work, the Company will initiate Phase 2 test work, which may involve further drilling with larger diameter drill core (HQ to PQ). Additional information pertaining to Phase 2 will be disclosed closer to its start date.
So far in 2013, the Company has completed 8 holes in 2,600 metres at the Triangle Zone. Assay results from these holes as well as the remaining 5 holes from recent drilling at the No. 5 Plug are pending.
Project and Company Profile
Integra's Lamaque Gold Project is located in the heart of the Val d'Or gold camp in the Province of Quebec, Canada, approximately 550 km northwest of Montreal. The Lamaque Project's primary zone, the South Cluster, is 4 km from the City of Val d'Or. Quebec is rated one of the best mining jurisdictions in the world. Infrastructure, human resources and mining expertise are readily accessible.
The Company's primary objective is to continue to prove up additional resources while advancing the existing resource towards production. The project is split into two clusters, the North Cluster and the South Cluster, located approximate 2km from each other.
South Cluster (No. 4 Plug and Triangle Zone):
The South Cluster is the Company's top priority, and currently has a high grade gold resource of 444,962 ounces inferred, grading 11.06 g/t gold (1,263,046 tonnes), and 61,168 ounces indicated, grading 13.51 g/t gold (140,840 tonnes). Over 27,000 meters of drilling has been completed on the South Cluster since the last resource estimate. An updated resource estimate is expected to be completed in Q2, 2013.
North Cluster (Parallel Zone, Forestel Zone and No. 5 Plug):
The North Cluster hosts an NI 43-101 resource estimate of 69,981 ounces inferred, grading 2.03 g/t gold (1,072,484 tonnes), and 101,794 ounces indicated, grading 4.8 g/t gold (659,959 tonnes). An additional 8,000 meters of drilling has been completed on the North Cluster which will also be compiled into the updated resource estimate.
The Lamaque exploration project is under the direct supervision of Herve Thiboutot, P.Eng. and Vice-President of the company, a Qualified Person ("QP") as defined by National Instrument 43-101, Alain-Jean Beauregard, P.Geo., and Daniel Gaudreault, P.Eng., Geo. of Geologica Inc., both independent QP as defined by National Instrument 43-101. The Company's QP has reviewed the technical content of this release.
ON BEHALF OF THE BOARD OF DIRECTORS
Stephen de Jong, CEO, President and Director
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Cautionary Note Regarding Forward-Looking Statements: Certain disclosure in this release constitute forward-looking statements. In making the forward-looking statements in this release, the Company has applied certain factors and assumptions that are based on the Company's current beliefs as well as assumptions made by and information currently available to the Company, including that the Company is able to obtain any government or other regulatory approvals required to complete the private placement and Company's planned exploration activities, that the Company is able to complete the private placement, that the Company is able to procure personnel, equipment and supplies required for its exploration activities in sufficient quantities and on a timely basis and that actual results of exploration activities are consistent with management's expectations. Although the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect, and the forward-looking statements in this release are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking statements. Such risk factors include, among others, that the private placement will not be completed, that actual results of the Company's exploration activities will be different than those expected by management and that the Company will be unable to obtain or will experience delays in obtaining any required government approvals or be unable to procure required equipment and supplies in sufficient quantities and on a timely basis. Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Integra Gold Corp.
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