OUTSTANDING GOLD RESULTS FROM LUCKY BAY RECENT DRILLING AT LUCKY BAY HAS RETURNED 18.9 METRES AT 9.84G/T GOLD
Integra Mining Limited (ASX: IGR � �Integra�) is pleased to report shallow high-grade gold results from a recent reverse circulation and diamond drilling program at the Lucky Bay prospect,part of the Company�s 100%-owned Aldiss-Randalls Gold Project near Kalgoorlie in Western Australia
New intercepts include: �� 17.8 metres at 6.53 g/t gold from 42 metres depth, including �� 4.1 metres at 14.56 g/t gold from 44.4 metres �� 18.9 metres at 9.84 g/t gold from 12.8 metres depth, including �� 2m at 37.02 g/t gold from 20.4 metres depth and �� 3m at 16.50 g/t gold from 23 metres depth �� 13.55 metres at 4.46 g/t gold from 32.8 metres depth, including �� 1 metre at 20.57 g/t gold from 37.2 metres depth �� 7 metres at 4.36 g/t gold from 19 metres depth
Lucky Bay is located only 4 kilometres south of Integra�s Randalls Gold Processing Facility on a granted mining lease. In January 2011 Integra announced a maiden inferred resource for the Lucky Bay deposit of 25,000 ounces at 5.9 g/t Au (see ASX release 25 January 2011).
Recent drilling, conducted for metallurgical testing and resource to reserve conversion purposes is located in the vicinity of the +1.5 g/t supergene zone (Figure 2). Very encouraging results were received from the drilling and further confirm the presence of primary mineralisation beneath the anomalous supergene blanket. A number of the recent high-grade intercepts are outside of the existing mineralised envelopes used for the inferred resource estimation (see figures 3 and 4).
Gold mineralisation at Lucky Bay is hosted within carbonaceous shales and siltstones and appears to be structurally controlled. The mineralisation strikes north-northwest and dips approximately 60 degrees to the south-southwest. Mineralisation is defined by the abundance of pyrrhotite and associated with chlorite/hydrothermal magnetite/carbonate alteration. The width of the mineralisation varies up to nearly 20 metres over a strike length of about 200 m. These significant drill results from Lucky Bay do not fall within the current Resource boundary, and consequently the deposit will not be included in Integra�s Reserve upgrade which is expected to be released within the next month. It is anticipated that a Reserve for Lucky Bay will be announced later in the year when all the pending results have been received and remodelling of the deposit has been completed.
IGR Price at posting:
43.5¢ Sentiment: Buy Disclosure: Held
