I subscribe to a Nth American newsletter called Gold World which by nature of its name covers investing in Gold and Gold mining companies all over the world.Has a large subscriber base and is run by Greg McCoach and editor Luke Burgess who have a mountain of experience and an excellent track record in picking winners.So I was nicely surprised to see that they have given IGR the thumbs up by writing about its latest "Biggest Gold Drill Intercept to Date".
This should provide more support for this breakout move which has already started.Yesterday bounced off support and after some intra day profit taking is poised nicely to move into the 70c region.
ASX Stock up: "Biggest Gold Drill Intercept to Date" By Luke Burgess | Monday, April 28th, 2008
Integra Mining Ltd. (ASX: IGR, Pinksheets: ITGRF) is an Australian-based mineral firm engaged in the exploration of gold, nickel, copper, zinc sulphides, platinum group elements and uranium.
The company controls a consolidated regional tenement package of approximately 2,200 square kilometers in a highly prospective and under-explored region east of the world-class Kalgoorlie mining district in Western Australia called the Aldiss-Randalls gold project, among several other projects located within two South Australian mineral prospective provinces.
Integra's comprehensive re-evaluation and aggressive exploration programs have produced a combined 1.2 million ounce JORC compliant gold resource for the 100%-owned Aldiss-Randalls project.what_is_JORC.png
The company's stated resources estimate is currently 14 million tonnes grading 2.6 g/t for 1.2 million ounces of contained gold. Approximately 948,000 ounces (79%) of these resources qualify for the JORC indicated category, underlining the high level of confidence in the resources estimates.
Ongoing tenement acquisitions, combined with aggressive exploration targeting new discovery opportunities and delivering grass-roots finds and high-grade gold intercepts, continue to increase the potential for further substantial resource upgrades.
Most recently, Integra announced that it has received the "biggest gold drill intercept to date" from the Salt Creek gold deposit at its Aldiss-Randalls gold project, an outstanding near-surface intersection of 78 meters grading 5.77 g/t gold.
Included in this intercept are two discrete zones of mineralization, 54 meters grading 7.18 g/t gold from 78 meters drill depth (including 9 meters grading 20.87 g/t gold) and 16 meters grading 3.67 g/t gold from 139 meters drill depth. These results are adjacent to drill hole SKRC147, which also returned an interval of 38 meters grading 3.06 g/t gold from 70 meters drill depth.
IGR has increased over 25% since the announcement of these latest drill results. The company hopes to continue adding to shareholder value as more positive drill results from the Salt Creek gold deposit are released and an updated JORC compliant resource estimate is expected near the end of May.
Cheers Tigerpen8
IGR Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
