Integra Gold Reports New Mineralized Zones Below Resource Limit At Triangle
Integra Gold continues to put out high-grade drill results from its Lamaque South project in Quebec. However, the company is also drawing attention to newly confirmed, steeply dipping "C" structures that lie below the current resource limit at the project's Triangle zone.
Integra Gold (TSXV:ICG) continues to put out high-grade drill results from its Lamaque South project in Quebec, but the company is also drawing attention to newly confirmed, steeply dipping "C" structures that lie below the current resource limit at the project's Triangle zone. The latest round of drilling at Triangle has certainly yielded positive results so far. Most recently, on Wednesday Integra reported the widest intersection to date from the zone at 10.73 g/t gold over 16 meters. Other significant intercepts include 8.47 g/t gold over 8.5 meters, 12 g/t gold over 3 meters and 18.01 g/t gold over 5 meters. However, while Integra Gold CEO Stephen de Jong is positive on the rapidly growing C4 zone at Triangle, he's suggested that the presence of multiple steeply dipping mineralized structures below the current resource limit at Triangle are even more important to note. That's because the structural pattern of those zones is remarkably similar to the Main Plug at the Lamaque mine, which was mined down to a depth of a 1,100 meters and produced over 4.5 million ounces. "The positive implications related to these thick, high grade intercepts and, more importantly, the newly interpreted 'C' structures at Triangle, are far-reaching," said de Jong in Wednesday's release, adding, "[w]e have no doubt that these newly interpreted 'C' structures and veins have the potential to significantly add to future resource estimates and enhance future mine plans." Certainly, the market appears to agree with that statement. At close of day Wednesday, Integra's share price was up 7.27 percent, at $0.295, with roughly 5.7 million shares of the company trading hands — that's over nine times the average daily trading volume for the company.