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Integra Gold Corp.

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Summary

Project:

Lamaque

Deposit:Lamaque
Location:Canada
Commodities:Gold
Date:2/27/2017
Report Code:NI43-101
Report Type:PEA
Project Stage:Pursuing Resource Increase/Upgrade
Report details:27-2-2017: Integra Gold Corp. announces a PEA report for its Lamaque deposit at the Lamaque project. PEA results incl. post-tax NPV (5%) of C$362.5M, IRR of 43% and a LOM of 12 years. The Lamaque Project in Val-d’Or, Québec (Canada), represents the amalga
Resources:(Resource): 3.139Mt @ 8.88g/t Au (Ind.) and 3.681Mt @ 8.79g/t Au (Inf.) at project
CP/QP:[Resources]: C. D'Amours (GeoPointcom)
ABSTRACT:The Lamaque Project in Val-d’Or, Québec (Canada), represents the amalgamation of the Lamaque South Property and the Sigma-Lamaque mine and mill facilities (the “Sigma-Lamaque Complex”). At the request of Integra Gold Corp. (“Integra”, the “issuer” or the “Company”), InnovExplo Inc. (“InnovExplo”) was retained, in conjunction with a number of specialized consultants including Geologica Groupe-conseil Inc, GeoPointCom Inc., WSP and Amec, to prepare a Technical Report (the “Report”) to present and support the results of an updated preliminary economic assessment for the Lamaque Project (the “Project”). The updated PEA was prepared as an underground mining project. Mining plans were elaborated for three deposits: the Triangle Zone, the No. 4 Plug and the Parallel Zone, located approximately 2 km apart. For the purposes of the mining plan, the Triangle Zone and the No. 4 Plug were combined as the South Zone. Initially, the Parallel zone and Fortune zones were combined as the North Zone, but after the analysis, it was decided only the Parallel Zone would remain in the North Zone mining plan. The mining plan for the Lamaque Project calls for a combination of mostly mechanized mining and limited conventional mining. Two mining methods are proposed based on vein geometry of the two zones: long-hole and room and pillar. The approach in this study has been to force the application of long-hole mining where applicable. Waste material generated from drift development will be used to backfill part of the long-hole open stopes.

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