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dr_dazmo

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In reply to: MissAdventure on Wednesday 26/03/08 04:24pm

Many thanks you guys for the update. I confirm your opinions on IGR and CC. Being on the other side of Oz it is great to receive your reports. Much appreciated. i go to meetings in Perth and have often chated on the phone to the Directors and always find them extremely approachable.

this company is a beauty. I have been a shareholder for 2 years and am very impressed. This has a dollar all over it . Great projects ,great management ,lots of cash, lots of drilling in very interesting areas, a mill , accommodation and a high gold price. Just wish I had more & will add on any weakness but fear its too late. Much happening here on.

Again thanks for the reports.

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In reply to: zog on Sunday 30/03/08 05:34pm

Hi Zog - the link you listed is only good for those who have a E-trade account. Mars - lol about the broker - an appropriately named group - prefer to deal with a 'richer'!?!?!? ;-)

 

IGR is holding up well, as long as their time lines don't blow out should continue to hold its own.

 

R/Ross

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Integra Mining Ltd is an emerging gold producer in Western Australia but it is still has about 18 months to go before producing gold. 28/03/2008 10:59AM AEST

 

Integra Mining Ltd (ASX:IGR) is an emerging gold producer in Western Australia but it is still has about 18 months to go before producing gold.

 

The company's strategy is to achieve a million ounces of mineable resource which means it still has about 300,000 oz to go.

 

Integra has plenty of cash and there is no need to raise any more capital.

 

It has already achieved one objective in putting together 120,000 ounces a year for five years.

 

The company has been extremely lucky with a flow of encouraging gold assay results which is speeding up plans for early gold production.

 

Once again, Integra hit the jackpot, metaphorically speaking, in making an outstanding new high-grade intercept at its wholly owned Salt Creek gold deposit.

 

Try these for cracker results.

 

* 10 metres at 137 g/t gold from 3 metres including a bonanza grade zone of 4 metres at 328 g/t gold (more than 10 ounces per tonne);

 

* New near-surface zone of high-grade mineralisation defined; and

 

* Large volume of additional RC drilling results being compiled.

 

Integra Mining announced further outstanding drilling results from the Salt Creek gold deposit at its wholly owned Aldiss-Randalls gold project near Kalgoorlie.

 

Integra is continuing to aggressively explore the Salt Creek gold deposit with an ongoing program of 20 metre spaced holes on the existing 40 metre spaced sections.

 

Results received for drilling completed on the 25000N section has identified a new near-surface zone of gold mineralisation.

 

The new zone of mineralisation is located about 50 metres to the grid west and stratigraphically above previously modelled mineralisation.

 

The extent or importance of this new zone of mineralisation is currently uncertain, however, recent drilling along strike from this intercept has produced additional intercepts within this horizon, albeit not of the exceptional tenor of this new drill intercept.

 

The mineralisation lies close to surface and is associated with quartz veins.

 

This is considered to be analogous with some of the more recent visible gold mineralisation seen in diamond drill core where 'pinhead' gold is observed in late stage quartz veins.

 

Integra has been receiving a large volume of assay results from RC drilling at Salt Creek which are being compiled and are expected to be released soon.

 

The company said these results, in conjunction with a growing collection of drill core from ongoing diamond drilling since prior to the Christmas break, is resulting in an increased understanding of the Salt Creek gold deposit and this knowledge is creating further exciting opportunities and drilling targets.

 

Back in November, Integra Mining reported a similar discovery like Salt Creek at Mount Monger.

 

It described the results as encouraging from the initial RC drilling program at Fingalls, Mt Monger project.

 

The results included 2m at 10.73g/t gold and 4m at 6.95g/t, 4m at 4.02g/t, 3m at 12.88g/t, 3m at 7.86g/t, 5m at 2.75g/t including 1m at 10.53g/t and 2m at 5.48g/t.

 

Integra has completed the acquisition of the Mt Monger gold project located 50 kilometres east of Kalgoorlie from Solomon (Australia) Pty Ltd.

 

The Mt Monger gold project is comprised of a large number of granted and pending prospecting licences and mining leases.

 

The project hosts a number of previously mined open pits and smaller underground workings.

 

Of particular interest to Integra is the Fingalls/Baguss mining area where gold deposits occur along flat-lying, sheared contacts of intercalated felsic and mafic volcanic rocks on the west limb of the Bulong Anticline.

 

Consideration for the purchase of the tenements was the issue of Integra shares to the value of $250,000 and the replacement of environmental bonds currently on deposit of $280,000.

 

SHARE PRICE MOVEMENTS

 

Shares of Integra Mining closed steady at 60c Thursday. Rolling high for the year is 64.5c and low 12c. The company has 376.7 million shares on issue with a market cap of $220.3 million.

 

Wireframe interpretations of gold mineralisation, including drilling completed during 2007 for deposits in the Randalls project and Mt Monger project areas were completed and provided to Integra's resources consultants for Mineral Resources estimations.

 

Subsequent to the half-year, a global Mineral Resources estimate was completed with 18 million tonnes at 2.8 g/t gold for 1.6 million ozs of contained gold estimated for the Aldiss-Randalls project.

 

The new resources estimate represents a 38 per cent increase in contained gold relative to the previous estimate with significant changes including:

 

* The addition of an initial Inferred Resources estimate of 2.8 million tonnes at 2.7 g/t for 250,000 ounces of gold for approximately 500 metres of strike extent at the Salt Creek gold deposit;

 

* A significant increase in both grade and contained ounces at the Maxwells gold deposit to 2.4 million tonnes at 5.2 g/t for 410,000 ounces of gold; and

 

* The inclusion of an Inferred Resources estimate for the Fingals gold deposit of 2 million tonnes at 2 g/t for 130,000 ounces of gold.

 

The release of the interim Mineral Resources estimate is the first step in a logical sequence of events with these resources being the basis for open pit optimisation studies which if, as expected, demonstrate very robust financial returns, will lead into a feasibility study to be completed in the second half of 2008.

 

Results from aircore drilling completed in the half year has highlighted three new areas of strong gold anomalism at Salt Creek South, Mohegan and Lucky Bay North.

 

These areas are expected to form the core focus of Integra's 2008 regional exploration program.

 

Integra has allocated a $16 million budget for resource in-fill, extension and regional exploration drilling for 2008, with an exploration target of increasing its global resource base from 1.6 million ounces.

 

BACKGROUND

 

Integra Mining Ltd was listed on the Australian Stock Exchange on August 16, 2001.

 

The company controls a 2,000 square kilometre tenure position in a highly prospective and under-explored region east of the world-class Kalgoorlie mining district in Western Australia.

 

It also holds interests in several projects located within two South Australian minerals provinces highly prospective for IOCG, nickel sulphide and PGE mineralisation.

 

Integra Mining has identified 1.2 million ounces of JORC-compliant gold resources about 100km east of Kalgoorlie at its Aldiss-Randalls project, where it has achieved considerable progress towards demonstrating the financial viability of a large-scale gold operation.

 

Almost 80 per cent of the combined Aldiss-Randalls resource is classified as Indicated.

 

Ongoing tenement acquisitions, combined with aggressive exploration targeting new discovery opportunities and delivering grass-roots finds and high-grade gold intercepts, continue to increase the potential for further substantial resource upgrades.

 

While Integra accelerates its transition towards gold production at the Aldiss-Randalls project, the company is also progressing exploration of high-risk/high reward exploration targets at its Oodnadatta IOCG project in South Australia's Gawler Craton, in conjunction with farm-in partner Barrick Gold of Australia Ltd.

 

Integra holds two additional IOCG-prospective exploration licences on the eastern margin of the Gawler Craton.

 

In the West Musgrave province of South Australia, Integra's 80 per cent farm-in partner, Mithril Resources Ltd, is progressing access to a significant coincident magnetic and gravity anomaly which is considered to have affinities with the giant Norilsk and Voisey Bay nickel/platinum group deposits.

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In reply to: chrispainter on Wednesday 02/04/08 10:10am

Hi Chris

 

The list is of no value - 700 stocks listed - which is a large chunk of the juniors. Yes, IGR was listed, but without details of the quantity it means nothing. However most of the 700 will probably take a small hit today - just because they are on the list.

 

Interestingly Bannerman (BMN) is NOT on the list - despite 14.7m shares = 10% of the issued capital being held by ANZ due to Opes. Bannerman is due to reopen after a two day trading halt at 10:25am this morning (in four minutes). Current indicative opening price is $1.74 - down 6c. Great buying opportunity, no doubt... (and that's not financial advice).

 

So for IGR - don't worry - is down 4c, mainly due to Gold price sinking.

 

My list of companies that may be significantly affected by Opes is:

1. Admirality Resources (ADY)

2. Ansearch Limited (ANH)

3. Austin Group (ATG)

4. Blackham Resources Ltd (BLK)

5. Bannerman Resources Ltd (BMN)

6. Byte Power Group (BPG)

7. Challenger FSG Ltd (CFG)

8. Comtel Corp Ltd (CMO)

9. Conquest Mining Ltd (CQT)

10. Catalyst Metals Ltd (CYL)

11. Gindalbie Metals (GBG)

12. Hodges Resources Ltd (HDG)

13. Hedley Leisure (HLY)

14. Image Resources (IMA)

15. Ord River Resources (ORD)

16. Po Vally Energy Ltd (PVE)

17. Pluton Resources (PLV)

18. Reco Financial Services (REO)

19. Red Fork Energy Ltd (RFE)

 

Cheers

Nic

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