Jan 13, 2015
Integra Gold Announces Updated PEA Incorporating Acquisition of Sigma/Lamaque Mill and Mine Complex: Pre-tax IRR of 77%, NPV (5%) of C$184.3M using US$1,175 gold price
PEA Highlights
- Base case pre-tax IRR of 77% and NPV (5% discount rate) of C$184.3M (after-tax IRR of 59% and NPV of C$113.5M) (1)
- Pre-production capital requirements reduced by C$7.3M from C$69.2M to C$61.9M
- Pre-production period reduced from 24 months to 18 months as a result of existing infrastructure and permits from the acquisition of the Sigma/Lamaque Mill and Mine Complex and the optimized mine plan for the North Zone
- Life of mine ("LOM") cash cost of C$551 per ounce and all-in sustaining costs of C$731 per ounce
- Updated Preliminary Economic Assessment (the "PEA") uses the same mineral resource estimate as the previous PEA and does not incorporate drilling completed since April 2013 or any of the Sigma/Lamaque mineral resources obtained in the acquisition noted below
- More than 70,000 meters ("m") of drilling was completed subsequent to the database cut-off date (April 2013) for the mineral resource estimate used in the PEA
- Resource update incorporating this drilling is currently underway
Sigma-Lamaque Resource Review Completed
- Analysis of the prior resource estimate at Sigma-Lamaque which was acquired in the transaction has now been completed and will be included in the PEA technical report; these resources have not been accounted for in the PEA
Integra Gold Corp. (TSX-V: ICG) ("Integra" or the "Company") is pleased to report the results of a Preliminary Economic Assessment ("PEA") carried out on the Company's flagship Lamaque Gold Project (the "Lamaque Project") in Val-d'Or, Québec, Canada. The PEA was prepared by InnovExplo Inc. ("InnovExplo") with technical contributions from Amec Foster Wheeler Environment and Infrastructure ("Amec"), Geologica Groupe-Conseil Inc., Geopointcom Inc. and WSP Canada Inc. ("WSP"). The technical report with respect to the PEA will be filed on the Company's website and SEDAR within 45 days..
Quelle: integragold.com
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