Integra scores best results yet at Majestic

THE DRILL SERGEANT: Australian gold producer Integra Mining has received its best drilling results to date at its Majestic Gold deposit.

New RC and diamond drill intercepts from the Majestic gold deposit, within a broader gold anomalous envelope of 89 metres at 4.55 grams per tonne gold, include:

49 metres at 7.89 g/t gold from 63 metres depth, including 11 metres at 23 g/t gold

Drilling on an adjacent section to the north within a broader gold anomalous envelope of 105 metres at 1.42 g/t gold returned:

48 metres at 2.70 g/t gold from 68 metres depth.

Other significant intercepts from the drilling program include:
10 metres at 3.10 g/t gold
5 metres at 4.51 g/t gold, and,
4 metres at 4.86 g/t gold

These intercepts are from two adjacent 20 metre spaced sections drilled at and beyond the northern extent of the Inferred Resource of 260,000 ounces at the Majestic gold deposit Integra previously announced in January.

“It is unusual in the modern gold mining environment, when most miners are pursuing gold at greater depths underground, that Integra continues to discover this quality and grade of mineralisation near surface and with all likelihood of being mined in an open pit,” Integra Mining managing director Chris Cairns said in the company’s ASX announcement.

Drill hole collars on the sections are widely spaced at 40 metres apart and drill holes up-dip and down-dip display less coherent gold mineralisation.

The company realises the need for further infill drilling on section and further along strike to the north to properly define the extents of these high-grade zones.

It has interpreted these to be continuous across sections and represent shallowly plunging ‘shoots’ of high-grade gold mineralisation.

Integra said these zones now extend the known mineralisation further north of the current Mineral Resource limits, and that it expects the resource will be extended as will the preliminary open pit design.