Issue link: http://resourceworld.uberflip.com/i/612354
d e c e m b e r / j a n u a r y 2 0 1 6 www.resourceworld.com 23 zone. Consistent, high-grade gold mineral- ization has been identified to a depth of over 900 metres and remains open at depth. The current resource at Triangle has recently been updated to 627,810 ounces of gold in the indicated category at 7.37 g/t gold and 871,530 ounces of gold in the inferred category at 6.89 g/t. Integra has recently acquired all permits to start an underground exploration and bulk sampling program. Construction of an underground ramp has begun and the updated estimate will be the basis for a new PEA to be released in the first half of 2016, the year Integra hopes to convert the exploration licenses at Triangle into mining leases. The Parallel Zone, drilled to 400 metres and open to depth, is one of the company's highest grade zones. Previously modeled by Teck as a bulk, open pit target, new drill results and a re-interpretation of his- toric results has now shown the potential for a significantly higher grade under- ground resource. The current resource at Parallel is 142,890 ounces of gold at 9.6 g/t in the indicated category and 73,880 ounces of gold at 15.0 g/t inferred. Total combined resources from all zones at Lamaque South using a 3 g/t cut-off is 1,164,600 ounces of gold at 6.78 g/t in the indicated category and 1,028,050 ounces of gold at 7.03 g/t in the inferred category. Integra has $24 million in cash, a market cap of $116 million with eldorado Gold Corp. [ELD-TSX; EGO-NYSE] being the largest shareholder at 15%. Watch for the winners of Integra Gold's Gold Rush Challenge who will share $1,000,000 in prize money from scouring over six terabytes of public data from over 70 years of mining and exploration in the hopes of finding the next multimillion- ounce deposit at Integra Gold's Lamaque South property. n The above article was written by Barry Muir who is a registered Investment Adviser with Haywood Securities Inc. a Canadian based independent, full service investment firm and member of the Canadian Investor Protection Fund. The article is for informational purposes only and is neither a solicitation for the pur- chase of securities nor an offer of securities. Readers of the article are expressly cautioned to seek the advice of a registered investment advisor and other professional advisors, as applicable, regarding the appropriateness of investing in any securities or any investment strategies, including those discussed above. The information contained in the reports have been compiled from sources Haywood believes are reliable; however, Haywood makes no guarantee, representation or warranty, expressed or implied, as to such information's accuracy or completeness. The views expressed are those of the author and not necessarily Haywood Securities Inc. All opinions and estimates contained in the reports are based on assumptions the author believes to be rea- sonable as of the dates of the reports but are subject to change without notice. Either the author, Haywood Securities Inc. or its employ- ees may from time to time hold or transact in the securities mentioned. Barry can be reached at (604) 697-6172 or bmuir@haywood.com