09/09/2010 - 10:46

Santa delivers more gold for Integra

09/09/2010 - 10:46

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Perth-based Integra Mining has announced several new high-grade drilling results at its Santa project near Kalgoorlie as the company looks to begin gold production.

Santa delivers more gold for Integra

Perth-based Integra Mining has announced several new high-grade drilling results at its Santa project near Kalgoorlie as the company looks to begin gold production.

Integra said the results confirm shallow strike extensions with open pit production potential beyond the current mineral resource.

The best results were 4 metres at 34.13 grams per tonne, 1 meter at 131 grams per tonne and 4 metres at 17.4 grams per tonne.

In a statement to the Australian Securities Exchange, Integra said the results confirm the potential for both high-grade open pit and underground production from Santas, which is 16 km east of its new Salt Creek gold processing facilities.

Commissioning of Integra's Randalls processing facility is imminent and the company hopes to rapidly increase gold production from 90,000 ounces to 140,000 ounces per annum.

 

See company statement below:

Integra Mining Limited ("Integra"; ASX: IGR) is pleased to report that a host of outstanding new high-grade drilling results have strengthened the potential of the Santa area as a future source of satellite open pit and underground production for its Randalls Gold Project in Western Australia, where first gold production is imminent.

Santa, which is located 16km east of the new gold processing facility, is one of several areas being targeted by Integra to support its plans to rapidly increase gold production from the Randalls Gold Project from an initial level of 90,000 ounces per annum to 140,000 ounces per annum (see ASX announcement 30 October 2009).

Commissioning of the new processing facility at Randalls, which is located 60km south-east of Kalgoorlie, is nearing completion with ore processing underway. Mining is progressing well with high-grade blocks being mined in the Salt Creek open pit and contained metal reconciliation of the grade control drilling results to the Mineral Resources model proving very accurate at 101%.

Recently received drilling results have confirmed both the depth and strike continuity of banded iron formation (BIF) hosted gold mineralisation within the Santa Trend, which extends over a strike length of more than 2 kilometres. These results highlight the significance of the Santa Trend as a major gold system with excellent extensions to the known mineralisation confirmed both along strike for over 2 kilometres and at depth to over 400 metres. The mineralisation remains open both at depth and along strike.

Recent drilling results which confirm shallow strike extensions with open pit production potential beyond the current Mineral Resources include:
 4 metres at 34.13 g/t gold from 20 metres drill depth including
 1 metre at 131 g/t gold
 4 metres at 17.36 g/t gold from 21 metres drill depth including
 1 metre at 63 g/t gold
 4 metres at 9.86 g/t gold from 82 metres drill depth
 20 metres at 2.90 g/t gold from 45 metres drill depth including
 2 metres at 14.60 g/t gold
 7 metres at 4.54 g/t gold from 5 metres drill depth

Additional high-grade drill intercepts with underground production potential below the current Mineral Resources include:
 2.1 metres at 46.70 g/t gold from 270 metres drill depth
 2.25 metres at 25.10 g/t gold from 217.1 metres drill depth
 2.3 metres at 18.70 g/t gold from 235.7 metres drill depth
 2 metres at 10.33 g/t gold from 140 metres drill depth
 3 metres at 7.16 g/t gold from 176 metres drill depth
 6 metres at 5.86 g/t gold from 126 metres drill depth

The latest drilling results continue to indicate that high-grade gold mineralisation within the BIF-hosted Santa Trend persist at depth with excellent potential for underground extraction and also persist along strike with excellent potential for additional open pit production. Integra sees no geologic reason why high-grade gold mineralisation at the Cock-Eyed Bob, Santa and Maxwells gold deposits could not persist to one kilometre depth or beyond presenting the Company with outstanding Mineral Resources expansion potential beyond the limits of current drilling.

Given its strategic location 16km east of Integra's flagship Salt Creek gold deposit - where the newly constructed gold processing facility is being commissioned - the high-grade BIF-hosted gold deposits at Cock-Eyed Bob, Santa and Maxwells continue to emerge as potential future sources of high-grade underground and open pit material for the Randalls Gold Project.

Previous high-grade drilling results from the Santa, Maxwells and Cock-Eyed Bob gold deposits were released to the market on 9 November 2009, 22 January 2010, 8 February 2010, 10 June 2010 and 24 August 2010 respectively.

Integra intends to revise its global Mineral Resources estimate near the end of the year with the upgraded resource inventory expected to include the depth and strike extensions to the Maxwells, Santa and Cock-eyed Bob high-grade gold deposits as well as a preliminary Mineral Resource estimate for the new Majestic discovery.

 

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