INTEGRA GOLD CORP. (TSX-V: ICG) (The Company) is pleased to announce that it has begun its 2012 drill program on the Triangle Zone as recommended in the Estimate of Resources and Modeling of the Triangle Sector report released on November 16, 2011.
The Company objective in 2012 is to increase gold ounces and resource category within four of thirteen specific gold zones. The significant average gold grades of 18.73 g/t inferred and 13.51 g/t indicated resources discovered in the Triangle zone makes this a high priority zone to drill for the Company.
The recent purchase by the Company of the Donald Property east and directly adjacent to the Triangle Zone has fully opened exploration to the east allowing Company exploration to follow the tonalite intrusive sill hosting the mineralized zone. With the removal of claim boundary restrictions additional drilling beyond the 12 holes recommended in the Triangle Sector report is being contemplated.
Drilling the Triangle Zone fits into the Company's 2012 objective of focusing its exploration efforts on areas with proven high-grade resources and that demonstrate the most potential to expand. The Triangle Zone's significantly higher than average gold grades found in the Val d'Or mining camp not only increases the overall value of the project but also has the potential to positively influence the various production scenarios we are currently considering, comments Company President and CEO, John de Jong. The Triangle Zone and the nearby #4 Plug continue to be one of several 'sweet' spots in the Lamaque Gold Project.
The Triangle Zone is located in the south-east portion of the Lamaque Gold Project, approximately 400 meters south of the # 4 Plug reporting an inferred historic resource of 1,042,258 metric tonnes grading 9.43 g/t for 315,975 ounces of gold.
To view a map highlighting the Triangle Zone, please click on the following link: http://www.brmstatpack.com/lt/1005/1231/triangle-zone-map-insert
Company and Gold Project Location
Integra's Lamaque Gold Project is located in the Val-d'Or gold camp in the Province of Quebec, Canada, which is rated one of the best mining jurisdictions in the world. Infrastructure, human resources and mining expertise are readily accessible.
The Company's 62 million shares are tightly held by a number of private investors, institutions and a major gold producer, Shandong Gold International Mining Ltd. The Company's focus is to advance gold zones demonstrating potential for open pit mining and where gold resources can be added quickly to the reported gold resource of 2,335,530 metric tons, average grade 6.91 g/t gold for 518,643 ounces Troy gold inferred and 800,799 metric tons, average grade 6.33 g/t for 162,962 ounces Troy gold indicated.
The gold project shares its northeastern border with the producing Sigma Mine which has produced 4.7 million ounces of gold to date and has reported significant gold resources and reserves. On its northwest border the Main Plug produced the majority of its 4.7 million ounces of gold for the historic Lamaque Mine. The Agnico-Eagle Goldex Mine, located approximately 6 kilometers west, reported reserves of 3.4 million gold ounces (mine closed recently due to engineering difficulties), and directly west of Goldex is the producing Osisko Mine reporting reserves of 10.71 million ounces of gold.
The Lamaque Property is located about 550 km northwest of Montréal, Quebec. The property consists of four (4) contiguous mining concessions and twenty (20) mining claims for a total of 1,459 hectares, owned 100% by Integra.
QUALITY ASSURANCE - QUALITY CONTROL
Thorough quality assurance and quality control program (QA/QC) protocol was utilized on the project including duplicate, blank and standard samples for all the holes. The core samples were respectively submitted directly to ALS Laboratory Group and Bourlamaque Labs in Val-d'Or for preparation and analysis. Analysis was conducted on 1 assay ton samples. Analysis of gold was by fire assay, with a gravimetric finish on samples exceeding 5 g/t gold. The gravimetric assay results were used for the reported composite intervals. The Lamaque project exploration is under the direct supervision of Alain Beauregard, P.Geol. ,of Geologica Inc. , an independent qualified person as designated by National Instrument 43-101, and Daniel Gaudreault, ing., Geol., an independent qualified person as designated by National Instrument 43-101, who has reviewed the technical content of this release.
ON BEHALF OF THE BOARD OF DIRECTORS
John de Jong CEO & President
Corporate Inquiries: John de Jong CEO firstname.lastname@example.org or Ariel Cobangbang email@example.com Phone: 604.629.0891 Or visit the company website: www.integragold.com
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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.
This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the U.S. Securities Act) or the securities laws of any state of the United States and may not be offered or sold within the United States or to, or for the account or the benefit of, any person in the United States unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to an exemption from such registration requirements.
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 the Company's planned exploration activities, 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 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.