Integra Gold Corp. Update – 50,000 Meter Drill Program Planned for 2015

Integra Gold Corp. (OTCQX: ICGQF; TSX-V: ICG) issued a Press Release this morning outlining a planned 50,000 meter drill program for 2015, highlights of which are detailed below.  Integra is developing the Lamaque Gold Project, which is located in Val-d’Or, Québec and boasts of a 77% pre-tax IRR based on $1,175 gold.

Drill Program Highlights

  • Total 2015 drill plan of approximately 50,000 meters (“m”)
  • Up to 35,000 m of drilling to be completed this winter (January to April) with up to 7 drill rigs
  • Proposed drill plans include resource expansion, new target development, and condemnation drilling at multiple targets

Updated Preliminary Economic Assessment Highlights

  • Capital expenditures of $61.9 million
  • Cash cost per ounce of $551, all in sustaining costs of $731
  • Internal rate of return of 77% (Assumes gold price of $1,175)
  • Net present value of $184.3 million (Assumes gold price of $1,175)

See full corporate ppt at: http://www.integragold.com/s/presentation.asp

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