The Integra Gold Corporation

The Integra Gold Corporation announced the expansion of its Lamaque Gold Project in the Canadian region in Val dOr, Quebec

. It will add 12,500 meters to the area and cover a total of 30,000 meters of drill territory. The Corporation will also add a third drill to the legendary Project. The second drill continues to work towards its 2012 objective of increasing its gold resource. It hopes to improve resource categories on four of the thirteen gold zones, which exist on the property. Drilling is also ongoing on the Triangle Zone. Integras Lamaque Gold Project is located in the Val dOr gold camp in the Province of Quebec, Canada, which is rated one of the best mining jurisdictions in the world. In the area, human resources and mining expertise are readily accessible.

With this giant project going underway within the next couple of months, it is no wonder people continue to keep a close eye on the ever-changing price of gold. If cash for gold reviews are any indication of golds continued value in the market, gold prices still remain at a lucrative number. Current gold values invite those who are sitting on old or unused gold to sell sooner rather than later. Gold sellers are lining up to sell before prices drop lower. When big projects crop up in the precious metal industry, there can be unforeseeable effects on the price of gold in the market.

Exploration drilling on the No. 4 Plug has expanded it drilling depths, to reach down to 1,300 meters. Up to this date, around 2,685 meters have been drilled in the first two holes. The first hole investigated the depth extension of the quartz diorite. The second one aimed at confirming the high gold values, revealing the lucrative area of Canada to continue yielding its precious metal.

This expansion and addition of the No. 4 Plug, with 46% of the Lamaque Gold Projects resources, is the highest priority project for the Company in 2012, and destined to yield a large amount of gold and money for those involved- but not without huge amounts of labor and effort. The projects expansion, and the fact that is open in all directions and extremely deep, has prompted the company to conduct a more aggressive drill program than originally planned for. The Company intends to update the current resource estimate after additional drilling has been completed and data evaluated, comments Company President and CEO, John de Jong. The No. 4 Plugs proximity to the high grade Au Triangle Zone makes the area one of the more significant gold bearing zone clusters on the Lamaque Gold Project.

by: schatzistef

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