Integrated Resources Group Limited
“Induced Polarisation survey indicating an anomaly at 150 metres depth near previous drilling which intersected copper mineralisation.”
Integrated Resources Group Limited (ASX:IRG) is an Australian Listed Mining and Exploration Company.
- Integrated Resources Group on due diligence for acquisition
Integrated Resources Group (ASX: IRG) is evaluating a number of new resource opportunities and is currently conducting initial due diligence on one such project.
This is part of its strategy to establish a resource project portfolio in order to increase shareholder value.
Separately, the company has identified a new prospective ‘Bulls-eye’ magnetic anomaly to the south of its Lyndon Gold & Copper Project in Western Australia after carrying out a site visit and desktop review.
The company has applied for the neighbouring exploration ground to incorporate the new target.
Integrated has also voluntarily surrendered a number of northern blocks within E08/2066 and northern and western blocks within E08/2022 that were identified from the review as un-prospective.
This will reduce the tenement holding costs to the company going forward.
The review has made a number of recommendations for future work that includes a ground magnetic survey on the Lyndon Bettina Prospect and the new Bulls-eye target and conduct further reconnaissance and rock chip sampling on the Broken Thumb – Thirty Bob structure.
Integrated’s wholly-owned Lyndon project is located in the Gascoyne Region, about 300 kilometres northeast of Carnarvon. It contains a cluster of high grade workings dating back to the 1950’s that had not been drilled at depth nor explored by modern techniques.
These include the historic Lyndon Station gold mine that produced about 419 ounces of gold.
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- Integrated Resources’ geochemical sampling delivers encouraging gold results
Integrated Resources (ASX: IRG) has received encouraging initial results from geochemical sampling at the Lyndon Gold Project in Western Australia's Gascoyne region, with potential for strike extensions from the Lyndon Bettina prospect.
The geochemical sampling program was designed to follow up on an induced polarisation survey that identified high grade gold mineralisation at Lyndon Bettina and high grade copper/gold mineralisation at the Broken Thumb prospect.
Three targets were identified at each prospect and were subject to a 275 hole program of geochemical drilling, using the Rotary Air Blast method, in October 2011.
Holes were drilled to between 2 metres and 6 metres depth, and were designed to obtain soil and bedrock samples.
Assay results are available for about two-thirds of the samples taken from the Lyndon Bettina prospect.
Of the results from Lyndon Bettina so far, 20% of samples recorded anomalous levels of gold above 0.005 grams per tonne (g/t) gold, while 10% are above 0.01g/t gold.
This includes four samples above 0.1g/t gold, with a peak result of 1.105 grams per tonne gold.
The results so far suggest that quartz vein mineralisation intersected in an October 2010 reverse circulation drilling campaign may extend for 250 metres along strike, remaining open to the east and west.
Integrated expects the remaining Bettina results and all of the Broken Thumb results in coming days
Following full results from the geochemical programs, Integrated intends to follow up with reverse circulation or diamond drilling.
- Integrated Resources discovers multiple veining at Lyndon Gold Project
Integrated Resources (ASX: IRG) has commenced drilling of targets at its fully owned Lyndon Gold Project in the Gascoyne Region of Western Australia, with multiple quartz veining observed in a number of holes.
Sampling of the targets in the vicinity of these holes have been previously announced as having geochemical indications of gold, copper and silver.
At the early stages of drilling multiple quartz veining has been identified in a number of holes from over 7 metres width of veining downhole (at a depth of 18 to 25 metres) to less than ½ metre downhole.
Samples are being gradually sent for laboratory analysis over the course of the drill program and the company expects that sample results will be reported to the market in late October 2010 dependent upon the progress of drilling. The drill program is expected to continue for another two weeks.
- Integrated Resources Group gold drill targets at Lyndon to begin
Integrated Resources Group (ASX: IRG) has received final approval from the Department of Mines and Petroleum for program works at the Lyndon Gold Project to begin, which is located in the Gascoyne Region of Western Australia, approximately 300km northeast of Carnarvon.
The contract driller will commence a drill program of up to 4,000 metres in over 50 holes on targets that have geochemical indications of gold, copper and silver.
Lyndon is 100% owned by Integrated, with four contiguous tenements (2 granted, 2 applications) of 652 square kilometres containing a cluster of high grade workings, dating back to the 1950’s, which have never been drilled at depth or explored by modern techniques.
Integrated has previously announced sampling confirmed the prospectivity of the tenements for open pittable high grade gold and also gold, silver and base metal targets.
- Integrated Resources to kick off drilling at Lyndon Gold Project
Integrated Resources (ASX: IRG) will commence reverse circulation drilling on the company’s 100% owned Lyndon Gold Project in the Gascoyne Region of Western Australia on or about 15 September 2010, focussing on two new high grade copper and gold targets discovered following recent sampling.
The company is awaiting final Department of Mines and Petroleum approval for its program of works which is in the final stages and is expected over the next two weeks.
Integrated Resources has secured an appropriate drill rig and plans have been completed to drill up to 4,000 metres in over 50 holes (including the skarn and the two newly discovered targets).
The company said the two new targets called Broken Thumb and D’Arcy’s Copper have now returned very interesting geological and highly anomalous gold, copper, silver and lead rock chip assay values.
Broken Thumb is a persistent quartz lode with a strike length of over 800 metres located about 1 kilometre southwest of the 30 Bob Well target. The southern 400 metres has returned rock chip values in gold of up to 7.8g/t, plus oxidised copper to 3.1% and anomalous lead to 0.5%.
This target will be tested by up to seven (7) drill holes to a depth of 80 metres.
D’Arcy’s Copper contains several quartz veins in the north of E08/2022 with varying strike directions in a cluster in a dolerite host. There is widespread oxidised copper mineralisation with samples assaying up to 2.4% copper, 8.2% lead, 38g/t silver and gold up to 2.2g/t.
This structurally complex target will be tested initially by four (4) drill holes to a depth of 80 metres.
Prior to arrival of the drill rig in mid-September a Heritage Survey will be conducted on these two recently identified prospects.
This is a green fields project as none of the targets have been tested by drilling except for some undocumented scout holes from 1990 in the Lyndon Station Mine which were reported to have intersected previously unrecognised quartz veins with gold.
Four contiguous tenements (2 granted, 2 applications) of 652 square kilometres contain a cluster of high grade workings dating back to the 1950’s that have never drilled at depth nor explored by modern techniques.
Previously announced sampling confirmed the prospectivity of the tenements for open pittable high grade gold and also gold, silver and base metal targets.
- Integrated Resources plans expansion of Lyndon gold tenements in Western Australia
Australian-listed investment group Integrated Resources (ASX: IRG) is awaiting news on the company's expansion application for additional exploration blocks nearby to its existing Lyndon gold tenements in the Gascoyne region of Western Australia.
The company applied for additional blocks surrounding the existing two tenements to enhance the potential of its holdings.
The application completes coverage of the cluster of gold occurrences in Integrated Resources' portfolio for the region.
Application E08/2066 is for 81 blocks, taking the company's total holding in the Gascoyne region of Western Australia to approximately 445 km2 and covers nine old gold workings in the region that have not been explored using modern concepts and techniques.
The historic Lyndon Station gold mine is located over a quartz vein system.
Previous production between 1952 and 1954 was 100t at 3-5oz and between 1990 and 1991 via an open cut extension to 10m with 29 tons of quartz ore @ 22g/t.
Total production from Lyndon Station Mine was 129t @ approx 101g/t Au and the property has never been drilled at depth.
The company recently signed a Heritage Agreement for E08/2022 (approx. 160km2) and expects the Exploration Licence to be formally granted by the end of 2009.
As announced in September, Integrated Resources will be conducting further work at the Lyndon Gold Mine, pending regulatory approval.
The company is preparing for a Heritage Survey of the tenements which will be conducted in the first half of 2010.The proposed trenching will be conducted following the survey.
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