VANCOUVER — According to president and CEO Stephen de Jong the recent acquisition of the Sigma mine and mill complex for $7 million offers Integra Gold (TSXV: ICG; US-OTC: ICGQF) a "better defined pathway to development and production" at the company's Lamaque gold project on the outskirts of Val d'Or, Que.
And if a recently released preliminary economic assessment (PEA) is any indication, the newly acquired facilities could also offer materially improved financial returns. On Jan. 13 the company released the results of a new study that models a 1,300-t/d operation at Lamaque, which takes advantage of existing surface and underground infrastructure located roughly one km from Integra’s defined Parallel and Triangle zones.
Lamaque sits in the heart of the Val d'Or gold camp and is underlain by principally steeply dipping, east-west striking volcanic flows and pyroclastics units intruded by a variety of intermediate mafic plugs, dykes, and sills. Mineralization is characterized by "vein type" mesothermal, structurally controlled deposits. The gold bearing quartz tourmaline can be sub-vertical, moderately dipping or sub-horizontal veins.
Under the proposed development plan Triangle will be accessed via a ramp from surface, which would be collared around 450 metres west of the deposit limit. The company notes that condemnation drilling completed in late 2014 for the proposed decline location cut “multiple high-grade zones” in the area.
Read the complete article at NorthernMiner.com/news/intregra
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