Integra's 75% of 400,000oz salt creek re-classified

29 July 2008 | 04:47 Code : 17806 Geoscience events
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Integra Mining Ltd has announced that statistical simulations of the gold grade....

Integra Mining Ltd has announced that statistical simulations of the gold grade variance for the recently announced mineral resources upgrade for the Salt Creek gold deposit in the Company's Aldiss-Randalls Project to 4.6 million tonnes at 2.7 g/t gold for 400,000 contained ounces has resulted in the re-classification of a significant proportion of the resource to the Indicated Resources category.The new classification for Salt Creek includes 3.4Mt at 2.8 g/t gold for 300,000 contained ounces as Indicated Resources available for conversion to Ore Reserves subject to normal economic parameters.This reclassification has resulted in a more than threefold increase in the Indicated Resources within the Salt Creek gold deposit.Integra's total consolidated Mineral Resource at the Aldiss-Randalls Project (including the Salt Creek gold deposit) is 20Mt at 2.7 g/t gold for 1.8 million contained ounces of which some 72% or 1.3 million ounces are now in the Indicated Resources classification.The conversion of Indicated and Measured Resources to Ore Reserves is subject to Modifying Factors such as mining dilution, open pit strip ratio, mining and milling costs, metallurgical recoveries and other economic parameters.  Investors are referred to the JORC Code, especially Clause 28 for further information on Modifying Factors as they relate to conversion of Mineral Resources to Ore Reserves.The remaining Inferred Resources at the Salt Creek gold deposit are primarily contained within two 'wireframed' zones of mineralisation at the southern end of the deposit and a modest additional RC drilling programme is being planned to increase confidence in gold grade variance in these areas with the intention of further re-classification to Indicated Resources.


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