Tuesday 6th December 2016

Resource Clips


Posts tagged ‘Integra Gold Corp (ICG)’

SGS Geostat’s Guy Desharnais comments on winning Integra Gold’s online Gold Rush Challenge

March 28th, 2016

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Artificial intelligence, virtual reality help win online Gold Rush Challenge

March 7th, 2016

by Greg Klein | March 7, 2016

Artificial intelligence, virtual reality help win online Gold Rush Challenge

Located just east of Val-d’Or, the past-producing Sigma and Lamaque
mines sit between Integra’s Lamaque North and South projects.

A PDAC opening event demonstrated the evolution of mineral exploration as a high-tech Quebec team won first prize in an online search for Abitibi gold. Integra Gold TSXV:ICG asked contestants to dig through digital data representing some 75 years of mining and exploration at the past-producing Sigma/Lamaque property adjacent to the company’s Lamaque project. Out of five finalists appearing at the March 6 event, the SGS Geostat team won the $500,000 first prize.

The team “used sophisticated geostatistical methods to drive data into an expansive and unbiased block model,” Integra explained. “A prospectivity scoring system harnessed both geological knowledge and machine learning, a subfield of artificial intelligence, to identify high-value targets, which were then vetted through virtual reality with Oculus Rift technology.”

Using somewhat less sophisticated technology, Lamaque produced 4.58 million gold ounces between 1935 and 1985, while Sigma turned out 4.45 million ounces from 1937 to 1997. The digitized files included info from 30,000 holes, over 500,000 assays, hundreds of kilometres of underground workings, mining stats, geological sections, level plans and photos.

As a team of geologists, engineers and computer scientists often bound by certain limitations and boundaries, we relished in the opportunity to channel our collective creativity and curiosity to provide new exploration targets in a historic and famous mining jurisdiction known worldwide.—Guy Desharnais, team leader with SGS Geostat

SGS Geostat leader Guy Desharnais said, “As a team of geologists, engineers and computer scientists often bound by certain limitations and boundaries, we relished in the opportunity to channel our collective creativity and curiosity to provide new exploration targets in a historic and famous mining jurisdiction known worldwide.”

Four other finalists—three teams and one individual—shared another $340,000 in prizes. Integra announced the contest last June. By September over 740 entries had arrived from 65 countries.

Panellists consisted of geologist and commentator Brent Cook, Randy Smallwood and Chantal Gosselin of Silver Wheaton TSX:SLW, Rob McEwen of McEwen Mining TSX:MUX and Sean Roosen of Osisko Gold Royalties TSX:OR.

Integra didn’t specify what the winners proposed for the former mines. But CEO Stephen de Jong said some of the suggested drill targets “are like nothing we’ve ever seen before. We have decided to expedite the drill program and start testing a number of these targets in the immediate future.”

Integra Gold president/CEO Stephen de Jong hopes an online contest will lead to another Abitibi deposit

October 29th, 2015

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Geeks, diggers, geos and techies flock to Val-d’Or with Integra’s online gold rush

September 30th, 2015

by Greg Klein | September 30, 2015

Over 740 virtual prospectors from 65 countries have joined a search for Quebec gold, but from the comfort of their homes and offices. That was the tally by September 30, when Integra Gold TSXV:ICG announced the six Gold Rush Challenge judges who’ll assess submissions for a potential deposit on the company’s Abitibi region properties. The winner of the online exploration contest gets $500,000, while runners-up will share another half-million.

Geeks, diggers, geos and techies flock to Val-d’Or with Integra’s online gold rush

Integra acquired the Sigma/Lamaque mines and mill
adjacent to the company’s Lamaque South project last year.

Not limited to professionals, the contest grants competitors access to 25 gigabytes of data derived from a six-terabyte library representing 75 years of mining and exploration from Integra’s past-producing Sigma/Lamaque mines.

Sigma produced 4.45 million gold ounces from 1937 to 1997. Lamaque gave up another 4.58 million ounces between 1935 and 1985.

Saying he expects “a plethora of innovative and creative ideas from within and outside of the geoscientific community,” Integra president/CEO Stephen de Jong added, “We are convinced that the very best idea for the next discovery in the Sigma/Lamaque area is still in the hands of a researcher somewhere in the world.”

A “phenomenal team of world-renowned judges” consists of Neil Adshead, a geologist and investment strategist at Sprott Asset Management, Andrew Brown, western Africa chief geologist for B2Gold TSX:BTO, Benoit Dubé, senior research scientist with the Geological Survey of Canada, James Franklin, a retired chief scientist with the GSC, David Rhys, consulting geologist with Panterra Geoservices and Brian Skanderberg, a geologist and president/CEO of Claude Resources TSX:CRJ.

They’ll assess 20 semi-finalists chosen by WSP Group, Integra’s geoscience partner for the contest. Five finalists will present their findings to the judges and a panel of industry veterans at what the company calls a “Shark-Tank-style” charity event at PDAC next March.

Sign up for the contest here. December 1’s the deadline for submissions.

Integra hopes $1 million in prizes will spark online gold rush

June 23rd, 2015

by Greg Klein | June 23, 2015

Call it innovation or gimmickry, Integra Gold TSXV:ICG wants you to join its exploration program. With a slick ad campaign launched June 23, the company vowed to open an online geological database to the public, who could then compete for a total of $1 million in prizes. The task? To find substantially more gold at the past-producing Sigma and Lamaque mines in Quebec’s Abitibi region.

It’s not necessarily a job for geologists. Anyone may enter. But this is just the build-up. The contest doesn’t begin until September.

The digitized files consist of six terabytes containing 75 years of mining and exploration data. The archives came with Integra’s acquisition last year of Sigma/Lamaque, adjacent to the company’s Lamaque South project. Integra put geeks to work reformatting the material and completing a preliminary 3D model. Phase II compilation will take another two to three months, while the third phase should wrap up by year-end, the company stated.

Contestants could then work through 30,000 historic drill holes, over 500,000 assays, hundreds of kilometres of underground workings, individual mined stope data and mining statistics, geological sections, level plans and photos, “making this database one of the largest in the industry,” Integra boasted.

Between 1935 and 1985 Lamaque produced 4.58 million gold ounces. Sigma operated from 1937 to 1997, churning out 4.45 million ounces. Grades averaged 5.9 and 5.8 grams per tonne respectively.

Details on the types of submissions the company wants will be announced this summer. The database goes public in September.

Prizes totalling $1 million will be awarded in a number of categories to those who find “what the company and the competition’s board of advisors believe is the highest-probability location for a major gold discovery,” the announcement stated. “Integra has already made significant headway in raising the award money through sponsorships.” Winners will be named at PDAC in March.

Integra reports Quebec Gold Assays including 19.16 g/t over 10m

February 2nd, 2012

Resource Clips - essential news on junior gold mining and junior silver miningIntegra Gold Corp TSXV:ICG announced drill results from the Parallel Zone of its Lamaque gold project in Val d’Or, Quebec. Highlights include

44.5 g/t gold over 1 metre
32.9 g/t over 1 metre
26.89 g/t over 2 metres (including 50.6 g/t over 1 metre)
29.52 g/t over 3 metres (including 82.3 g/t over 1 metre)
29.94 g/t over 3 metres (including 88.5 g/t over 1 metre)
19.2 g/t over 10 metres

President John de Jong commented, “Recent and ongoing exploration on the Lamaque property continues to produce results beyond our expectations. The ten-metre intersection of 19.2 grams per tonne gold represents one of the highest values in grade and length ever intersected by the company. In addition to these results, two holes intersected values in excess of 80 grams per tonne over one meter, one at 44 metres on hole #19 and [one] at 505 metres on hole #22. We look forward to receiving the assays of the remaining holes and adding those results to an updated resource estimate for this zone.”

View Company Profile

Contact:
John de Jong
President/CEO
604.629.0891

by Ted Niles

Integra reports Quebec Gold Assays up to 36.55 g/t over 4.5m

April 27th, 2011

Integra Gold Corp TSXV:ICG announced drill results from the Triangle Zone of its Lamaque Gold Project in Quebec. Highlights include 15 g/t gold over 1.8 metres, 4.88 g/t over 4.5 metres, 6.25 g/t over 5 metres, 5.16 g/t over 3.5 metres, 2.99 g/t over 4.5 metres, 25.14 g/t over 2 metres, 11.21 g/t over 1.4 metres, 13.25 g/t over 0.8 metres, 14.92 g/t over 2 metres, 10.25 g/t over 1.8 metres and 36.55 g/t over 4.5 metres.

CEO John de Jong remarked, “Ongoing exploration on our Lamaque property continues to intersect high-grade gold mineralization, with the most recent drilling success taking place at the Triangle Zone. These results re-confirm that we are making significant progress in developing the size potential and definition of the thirteen known gold zones located within our Lamaque property. Our objective is to include the Triangle Zone in our pending resource calculation.”

View Company Profile

Contact:
John de Jong
President/CEO
604.629.0891

by Ted Niles

Integra reports Quebec Gold Assays including 4.15 gpt over 5m

March 3rd, 2011

Integra Gold Corp TSXV:ICG announced results from its Lamaque Project in Quebec. Assays include 3.96 g/t gold over 2.5 metres, 4.15 g/t over 5 metres (including 20 g/t over 1 metre), 10.45 g/t over 1.5 metres, 7.4 g/t over 5.5 metres (including 23 g/t over 1.4 metres) and 2.35 g/t over 1.5 metres.

President/CEO John de Jong commented, “Drilling continues to intersect mineralized zones in new locations confirming that our property has highly prospective qualities. This latest discovery, the Sigma Zone, in close proximity to our neighbour Century Mining currently reporting 5.55 million ounces of gold in resources and reserves, further validates our current program. We anticipate making additional discoveries this year as we move further along in our recently announced 20,000-metre drill program.”

View Company Profile

Contact:
John de Jong
President/CEO
604.629.0891

by Ted Niles

Integra reports Quebec Gold Assays including 31.2 g/t over 1.4m

February 9th, 2011

Integra Gold Corp TSXV:ICG announced results from the Forestel Zone of its Lamaque Property in Val-d’Or, Quebec. Assays include 2.16 g/t gold over 11.9 metres, 19.41 g/t over 2.9 metres, 3.83 g/t over 6.7 metres, 5.56 g/t over 2.2 metres, 14.57 g/t over 1.3 metres, 31.18 g/t over 1.4 metres, 23.89 g/t over 1 metre, 12.82 g/t over 2 metres, 5.84 g/t over 2 metres, 11.21 g/t over 1.6 metres and 3.49 g/t over 2 metres.

President/CEO John de Jong commented, “We are making significant progress developing the size potential and defining known zones as drilling continues at Lamaque. Taking into consideration 2010′s drill successes, our plan to continue drilling throughout 2011 and the progress being made in corporate development, we can’t help but be pleased with what has already been accomplished. I am convinced that what we are putting into place today will clearly help secure Integra’s future and bring great value to the company and its shareholders.”

View Company Profile

Contact:
John de Jong
President/CEO
604.629.0891

by Ted Niles

Integra reports Quebec Gold assays up to 54.31 g/t over 6m

January 13th, 2011

Integra Gold Corp ICG:CA announced assays from the Parallel Vein on its Lamaque Property in the Val-d’Or Gold Camp, Quebec. Results include 8.78 g/t gold over 22.6 metres, 21.48 g/t over 2.8 metres, 30.08 g/t over 1.7 metres, 8.94 g/t over 5 metres, 54.31 g/t over 6 metres, 16.63 g/t over 5 metres, 14.99 g/t over 8.5 metres and 5.32 g/t over 4.5 metres.

President John de Jong stated, “Recent and ongoing exploration on the Lamaque property continues to produce results beyond our expectations. The six metres of 54.31 grams per tonne represents the highest value ever intersected by the company. We have also extended the 2010 drill program on the Forestel Zone into January of this year to help with the resource calculation expected to be completed by early March. We look forward to results of the compilation of assays from this zone as well as the other zones we have drilled.”

View Company Profile

Contact:
John de Jong
President
604.629.0891

by Ted Niles