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Additional Information
Market: ASX
Sector: General Mining - Gold
EPIC: IGR
Latest Price: A$0.44  (3.53% Ascending)
52-week High: A$0.63
52-week Low: A$0.38
Market Cap: A$371.25M
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Integra Mining
www.integramining.com.au

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.

Full Integra Mining profile here
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Integra Mining intersects 19m at 4.39g/t gold from initial drilling at Randalls

11th Nov 2011, 3:54 am

Integra Mining (ASX: IGR) has received promising intersections from first pass reverse circulation drilling at the Imperial prospect, which lies just 500 metres north-west of the Majestic gold deposit in Western Australia.

Highlights include 19 metres at 4.39 grams per tonne (g/t) of gold including 2 metres at 7.37g/t gold and 1 metre at 40.81g/t, and 4 metres at 3.13g/t.

Gold mineralisation is hosted within the same granodiorite unit hosting the 260,000 ounce at 2.1g/t Majestic gold deposit and appears to be associated with a similar series of porphyry dykes.

Majestic is part of Integra’s Randalls Gold Project located 60-130 kilometres east of Kalgoorlie in Australia’s most prolific goldfield.

Randalls has a JORC Resource of 30 million tonnes at 2.6g/t for 2.5 million ounces of contained gold.

Providing a boost to the project is that almost 1.4 million ounces of that is in the higher confidence Measured and Indicated categories.

Mineralisation at the Imperial prospect is open along strike to the north where shallow WMC-era reverse circulation drilling intercepted 2 metres at 1.8g/t gold from 52 metres to bottom of hole, and to the south where there is no reverse circulation drilling for some 200 metres.

Integra is now planning follow-up reverse circulation and diamond drilling.



Integra Milestones

In the past couple of months Integra has met some significant milestones including record gold production from Randalls and becoming one of the lowest cost gold producers in Australia.

In August, the first month of production since a process plant upgrade at Randalls, Integra exceeded expectations by producing 8,873 gold ounces, which annually equates to over 106,000 ounces.

The company continues to ramp-up production at the project since pouring the first gold bar over a year ago in September 2010.

Significantly for Integra, the process plant upgrade has confirmed the company as one of the lowest cost gold producers in Australia.

With cash costs for gold production just $505 per ounce (excluding royalties) in the September quarter at the Randalls Gold Project, Integra reaped a quarterly cash profit of $19.9 million.

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