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Additional Information
Market:ASX
Sector:Gold Mining
EPIC:IGR
Latest Price: 0.44  (0.00%)
52-week High:0.63
52-week Low:0.38
Market Cap:375.47M
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Integra Mining Full Integra Mining profile here

Integra Mining (ASX: IGR) transitioned from gold explorer to producer in September 2010 after pouring first gold from its flagship Randalls Gold Project. 

 

The company has steadily built up its mineral portfolio through a series of acquisitions, joint ventures and strategic alliances, and now controls a consolidated tenement package of approximately 1,500km2 in the heart of the Eastern Goldfields of Western Australia.

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Integra Mining delivers 4m at 65g/t gold from re-assays at Mt Monger

Wednesday, September 28, 2011 by John Phillips
Integra is targeting narrow veins at Mt Monger similar to the nearby Daisy Milano gold deposit. Drilling has returned stunning re-assays of 4m at 65g/t gold and a one metre resample of 3m at 78g/t gold, including 1m at 230 g/t gold. Integra is targeting narrow veins at Mt Monger similar to the nearby Daisy Milano gold deposit. Drilling has returned stunning re-assays of 4m at 65g/t gold and a one metre resample of 3m at 78g/t gold, including 1m at 230 g/t gold.

Integra Mining (ASX: IGR) has un-earthed "bonanza" grade gold assays in the Mt Monger area near Kalgoorlie, after re-assaying original samples from hole IRRB059 by using the higher-level fire assay method.

Highlights include 6 metres at 44.26 grams per tonne (g/t) gold, including 4 metres at 65.40g/t gold.

Re-sample of individual 1 metre samples returned 3 metres at 77.66g/t gold, including 1 metre at 229.59 g/t gold.

Integra said that the high degree of re-assay and re-sample gold grade variance is consistent with high-grade particulate gold mineralisation.

Already follow-up aircore drilling is in progress to further define targets for deeper reverse circulation drilling.


Significance of hole IRRB059

Integra has conducted aircore and reconnaissance drilling in the Mt Monger area of Western Australia, targeting high grade gold associated with narrow veins similar to the nearby Daisy Milano gold deposit.

Integra said that the drill spacing of 80 metre lines and 40 metre spaced collars is arguably too wide for this style of target, the weathering profile is around 20 metres thick.

This provides an opportunity for chemical dispersion of gold anomalism in proximity to the primary high-grade gold vein style mineralisation.

Where the story gets interesting, is that it would appear that drill hole IRRB059 has likely intercepted such high-grade style gold mineralisation in the lower saprolite (less weathered) / fresh rock boundary.


Similarities to Daisy Milano are significant

Integra's comparison to the nearby Daisy Milano owned by Silver Lake Resources (ASX: SLR) is quite significant.

This is due to Daisy Milano producing over 320,000 gold ounces since inception, and also has a current resource of 618,000 ounces - pushing historical and future production at the site towards the one million ounce milestone.

Daisy Milano still remains open at depth, highlighting the potential for an increased resource, which bodes well for Integra if the company's continued exploration is able to identify a similar geology.

 

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