Integra Gold’s recently released drill results on the Triangle deposit continue to show mineralization continuity, and more than one research firm highlights that 2017 is shaping up to be a potentially transformative year for the company.
Drill results on 17 holes in Integra Gold Corp.’s (ICG:TSX.V; ICGQF:OTCQX) Triangle deposit, which is part of the Lamaque gold project in Val-d’Or, Quebec, were released recently by Integra Gold Corp. Stephen de Jong, president and CEO of Integra, stated that the results “continue to demonstrate internal mineralization continuity and support the resource expansion potential at Triangle. The high-grade results from C2 are especially encouraging as this area will soon be accessible via the exploration ramp and is the target of the underground bulk sample program planned for Q3 2017.”
These results have been viewed favorably by M Partners Analyst Stuart McDougall, who wrote on Jan. 11 that Integra released “what we view as more positive drilling results from its Lamaque South gold project in Val-d’Or, Quebec.” He noted that “we continue to expect the Triangle resource to be expanded and upgraded in the next updated estimate,” planned for Q1/17.
Macquarie Research has designated Integra as a top pick for 2017. In a Jan. 17 report, the firm noted that 2017 “appears to be shaping up to be a transformative year. . .there is significant resource expansion potential with the updated resource at Triangle in 1Q17, with mine life and low capital intensity scalability implications.” The updated PEA that is anticipated in Q1/17 “will highlight the mining cost breakdown for a higher percentage of long hole open stoping. The bulk sample in 3Q17 will provide important block model reconciliation data in addition to trial mining data as ICG advances towards a Feasibility and construction decision. “
Macquarie also noted that “on the exploration front, ICG is …read more