The Lamaque Deep target is one of the Company’s most exciting drill targets to date. This high-priority target corresponds to the potential down-dip extension of the Lamaque Mine, historically one of the highest ounce per vertical meter gold content mines in Canada. The Lamaque Mine, which opened in 1933, produced 4.5 million ounces of gold and was shut down in 1985, mined to a depth of 1,150 meters while the Sigma Mine, 500 m to the north, produced approximately the same amount of gold but to a depth of 1,850 meters1. In 1997, after the Lamaque Mine and Sigma Mine were consolidated under one ownership structure, a limited amount of drilling took place from the lower levels of the Sigma Mine with the objective of intersecting the extension of the Lamaque Mine’s Main Plug. Gold mineralization was identified in numerous drill holes and records suggest that management at the time believed the mineralized body did continue. Despite positive results, no additional drilling and/or development was done due to financial problems encountered by the then owner.
Integra has begun drill testing the Lamaque Deep target from surface. The 2,100 meter pilot hole was completed in November 2016 and wedging has begun. Multiple wedges in 100 metres spacings will come off the pilot hole to test the target below the historic Lamaque Mine.
Read about the project history.
1. Integra Gold Technical Report and Fall 2016 Mineral Resource Estimate Update for the Lamaque Project, Effective Date: November 16, 2016. Page 87.