Integra Gold (ICG.V) is wrapping up its large 2016 exploration program as the company has already completed in excess of 104,000 meters of drilling and has announced the assay results of an additional 19,300 meters that have been completed at the Triangle Deposit.
These holes were focusing on both infill and expansion drilling on the C4 and C5 structures, and it looks like the targets have been reached (and met), as Integra has intersected numerous high-grade intervals such as 3.8 meters at 22.19 g/t, 0.55 meters at 34 g/t and 4.4 meters of 10.16 g/t gold (all reported assay results were capped at 34.3 g/t). The first hole was really interesting as the uncapped average grade was 35.51 g/t (versus the 22.19 g/t on a capped basis), as this hole was aimed to complete some infill drilling at the C4 structure and encountering these high-grade gold results confirm the company’s resource model.
But the additional 19,000 meters weren’t just focusing on infill drilling, as the holes aimed at the C5 structure have actually confirmed there’s considerable potential to increase the resources even further as the mineralization has now been confirmed to be continuous at depth and along strike, so Integra Gold should be able to add quite a few ounces at the C5 zone.
Drilling is ongoing with no less than seven drill rigs on the scene, but fortunately the backlog has decreased, which confirms the majority (if not all) of the current drilling will be included in another post-PEA resource update in the first quarter of next year.
Meanwhile, Integra Gold continues to build its team as the company has added Raynald Vézina to its board of directors. With a history as the general manager of the Kiena gold mine and VP Mining operations at Cambior (where eight mines were put into production during his tenure), he definitely sounds like a great addition to Integra’s board!