IGR 0.00% 50.0¢ integra mining limited

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  1. 89 Posts.
    INTEGRA RECORDS BIGGEST GOLD HIT TO DATE AT
    SALT CREEK
    • Further outstanding results received from resource upgrade and
    extensional drilling at the Salt Creek gold deposit, located 60km east of
    Kalgoorlie.
    • Excellent widths and high grades achieved at shallow depths, including:
     78 metres at 5.77 g/t gold, including two discrete intervals of:
    • 54 metres at 7.18 g/t gold, including:
     9 metres at 20.87 g/t gold; and,
    • 16 metres at 3.67 g/t gold.
     38 metres at 3.06 g/t gold,
     55 metres at 2.75 g/t gold,
     8 metres at 7.40 g/t gold, and,
     14 metres at 2.52 g/t gold.
    • Large volumes of assay results continue to be received.
    • Revised gold resource estimate due late May 2008.
    Integra Mining Limited (ASX: IGR – “Integra”) is pleased to announce that it has received
    the biggest gold drill intercept to date from the Salt Creek gold deposit at its 100%-owned
    Aldiss-Randalls Gold Project in Western Australia – an outstanding near-surface intersection
    of 78 metres at 5.77 g/t gold.
    Integra is continuing to aggressively define and extend the Salt Creek gold deposit, located
    60km east of Kalgoorlie, with an ongoing program of 20-metre spaced holes on 40-metre
    spaced sections. The Salt Creek gold deposit has a current Inferred Resource estimate of 2.8
    million tonnes at 2.7 g/t for 250,000 contained ounces (see ASX release 10 January 2008)
    with a revised resource estimate targeted for the end of May 2008.
    The 78-metre intersection was received together with further outstanding results from the
    ongoing RC infill / extension program at Salt Creek, completing drilling information on three
    sections. The exceptional intersection of 78 metres at 5.77 g/t gold from 77 metres drill depth
    was recorded in drill hole SKRC148 on the 24,840mN (Local Grid) section.
    Included in this intercept are two discrete zones of mineralisation, 54 metres at 7.18 g/t gold
    from 78 metres drill depth (including 9 metres at 20.87 g/t gold) and 16 metres at 3.67 g/t
    gold from 139 metres drill depth. These results are adjacent to drill hole SKRC147, which also
    returned an interval of 38 metres at 3.06 g/t gold from 70 metres drill depth.
    Results received for drilling on the 24,680mN section returned 55 metres at 2.75 g/t gold
    from 67 metres in drill hole SKRC182 and 8 metres at 7.40 g/t gold from 116 metres in drill
    hole SKRC183.
    2
    The results received on this section have now confirmed a change in ore body geometry
    previously reported for the 24,640mN and 24,720mN sections at the southern end of the
    deposit (see ASX release 1 April 2008) with gold mineralisation displaying an apparent steep
    dip to grid east.
    Commenting on the latest results, Integra’s Managing Director, Chris Cairns, said: “This
    intercept of 78 metres at 5.77 g/t gold is absolutely stunning. It is also worth noting that many
    of the large intercepts Integra has recently been reporting have been at a significantly higher
    grade than the current Inferred Resource grade of 2.7 g/t gold.”
    “These high-grade gold results should have positive implications for the updated resources
    estimate for Salt Creek due near the end of May,” he added.
    “The discovery of the Salt Creek gold deposit was announced in May 2007 and within a year
    of discovery we had defined an initial resource of a quarter of a million ounces and laid the
    foundations for a substantial resource upgrade through ongoing successful exploration,” Mr
    Cairns said.
    “The outstanding success of our exploration campaign at Salt Creek is testament to the
    dedication and hard work of Integra’s field personnel and drilling contractors. There remains
    a huge amount of work yet in front of us, as I have the feeling that we are closer to the
    beginning of unlocking the potential of this area than the end.” Mr Cairns added.
    “We had previously joked that Salt Creek had more big hits than Elvis – I can now confirm
    that Elvis is drilling night-shift for us and has lost none of his ability to produce those big
    hits!”
    A tabulation of the latest results and updated drill sections is attached with intercepts received
    to date.
    Yours sincerely,
    Chris Cairns
    Managing Director
 
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