43 101 Lamaque 2015 Updated Resources Comp

InnovExplo inc
ConsultantsMinesExploration
560, 3e Avenue, Val-dOr (Qubec) J9P 1S4
Telephone: 819.874-0447
Facsimile: 819.874-0379
Toll-free: 866.749-8140
Email: info@innovexplo.com
Web site: www.innovexplo.com
TECHNICAL REPORT AND MINERAL RESOURCE ESTIMATE UPDATE

FOR THE LAMAQUE PROJECT
(according to National Instrument 43-101 and Form 43-101F1)
Project Location:
Bourlamaque Township, Province of Qubec, Canada
(NTS: 32C/04)
(UTM: 293960E, 5329260N)
(NAD 83, Zone 18)
Prepared for:
Integra Gold Corp.

1101 3e Avenue Est,
Val-dOr, Qubec, Canada,
J9P 4P5
Prepared by:
Sylvie Poirier, Eng.

Laurent Roy, Eng.
InnovExplo Inc.
Val-dOr (Qubec)
Daniel Gaudreault, Eng.

Geologica Groupe-Conseil Inc.
Val-dOr (Qubec)
Tania Ilieva, P.Geo.

Micon International
Toronto (Ontario)
Christian DAmours, P.Geo.

GoPointCom Inc.
Val-dOr (Qubec)
Marianne Utiger, Eng.

WSP Canada Inc.
Montral (Qubec)
Stephan Bergeron, P.Geo.

Amec Foster Wheeler
Environment &
Infrastructure
Dorval (Qubec)
Effective Date: February 10th, 2015

Signature Date: March 27th, 2015
www.innovexplo.com
CERTIFICATE OF AUTHOR SYLVIE POIRIER

I, Sylvie Poirier, Eng (OIQ no.112196; PEO no.100156918) do hereby certify that:
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11.
I am a Consulting Engineer of: InnovExplo, 560, 3e Avenue, Val-dOr, Qubec, Canada, J9P
1S4.
I graduated with a Bachelors degree in mining Engineering from cole Polytechnique
(Montral, Qubec) in 1994.
I am a member of the Ordre des Ingnieurs du Qubec (OIQ, no. 112196), the Professional
Engineers of Ontario (PEO no. 100156918), and the Canadian Institute of Mines (145365).
I have worked as an engineer for a total of nineteen (20) years since graduating from
university. My mining expertise was acquired while working for Lafarge Canada and for Placer
Dome and McWatters at the Sigma mine, as well as for Natural Resources Canada on a
special research initiative program on narrow-vein mining. I have been a consulting engineer
for InnovExplo Inc since September 2008.
I have read the definition of qualified person set out in Regulation 43-101 /NI 43-101 and
certify that by reason of my education, affiliation with a professional association (as defined in
Regulation 43-101) and past relevant work experience, I fulfill the requirements to be a
qualified person for the purposes of Regulation 43-101.
I am responsible for supervising the assembling of the report and responsible of Sections 1, 2,
3, 15, 18, 19, 21 (except 21.1.4, 21.1.6 and 21.2.6,), 22, 24, 25, 26, 27 and co-author of
Sections 1,18 and 25 to 27 of the report titled Technical Report and Mineral Resource
Estimate Update for the Lamaque Project (according to National Instrument 43-101 and Form
43-101F1) (the Technical Report), effective date of February 10, 2015 and signature date of
March 27, 2015, prepared for Integra Gold Corp.
I had prior involvement with the property that is the subject of the Technical Report.
I visited the Sigma-Lamaque property on November 26, 2014.
I am not aware of any material fact or material change with respect to the subject matter of the
Technical Report that is not reflected in the Technical Report, the omission to disclose which
makes the Technical Report misleading.
I am independent of the issuer applying all of the tests in Section 1.5 of Regulation 43-101
(National Instrument 43-101).
I have read Regulation 43-101 respecting standards of disclosure for mineral projects and
Form 43-101F1, and the sections of the Technical Report for which I was responsible have
been prepared in accordance with that regulation and form.
Signed on this 27th day of March, 2015
(Original signed and sealed)
Sylvie Poirier, Eng.

InnovExplo Inc.
www.innovexplo.com
CERTIFICATE OF AUTHOR LAURENT ROY

I, Laurent Roy, Eng. (OIQ no.109779) do hereby certify that:
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7.
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10.
11.
I am a Consulting Engineer of: InnovExplo Inc., 560 3e Avenue, Val-dOr, Qubec, Canada,
J9P 1S4.
I graduated with a Bachelors degree in mining Engineering from cole Polytechnique
(Montral, Qubec) in 1992.
I am a member of the Ordre des Ingnieurs du Qubec (OIQ, no. 109779).
I have worked as an engineer for a total of eighteen (18) years since graduating from
university. My mining expertise was acquired while working for Talpa Mining Contractor,
Richmont Mines at Francoeur and Beaufor mines, Doyon and CasaBerardi mines. I have been
a consulting engineer for InnovExplo Inc. since September 2012.
I have read the definition of qualified person set out in Regulation 43-101/NI43-101 and
I am responsible for the preparation of Sections 16 and co-author of Sections 1, 18 and 25 to
27 of the report titled Technical Report and Mineral Resource Estimate Update for the
Lamaque Project (according to National Instrument 43-101 and Form 43-101F1) (the
Technical Report), effective date of February 10, 2015 and signature date of March 27, 2015,
prepared for Integra Gold Corp.
I did not visited the property for the purpose of this report however, I visited the Lamaque
Project site on July 9, 2013, accompanied by Franois Chabot of Integra Gold and Marie-Claire
Dagenais of InnovExplo.
would make the Technical Report misleading.
I am independent of the issuer applying all of the tests in Section 1.5 of Regulation 43-101 or
National Instrument 43-101.
I have read Regulation 43-101 respecting standards of disclosure for mineral projects and
Form 43-101F1, and the sections of the Technical Report, for which I was responsible, have
been prepared in accordance with that regulation and form.
Laurent Roy, Eng.

InnovExplo Inc.
www.innovexplo.com
CERTIFICATE OF AUTHOR CHRISTIAN DAMOURS

I, Christian DAmours, residing at 895, rue Lvis, Val-dOr, Qubec, do hereby certify that:
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12.
I am an independent geologist with the consulting firm, GeoPointCom, located at 895 rue
Levis, Val d'Or, Qubec, Canada, J9P 4B8.
I graduated in geology, as a professional geologist, from the University of Qubec in Montral.
I have been practising the profession of geologist on an ongoing basis since May 1985
From 1985 to 1994 the practice of my profession was mainly oriented towards exploration.
From 1994 to 1999 I worked primarily in the field of mining. Since 1999, I have been working
predominantly in the evaluation of resources, reserves and geostatistics.
I am a member of the Order of Geologists of Qubec (#226);
I have read the definition of qualified person set out in Regulation 43-101/NI43-101 and
I am responsible for the preparation of Section 14.1 to 14.6 and co-author of sections 1, 14 and
25 to 27 of the report titled Technical Report and Mineral Resource Estimate Update for the
I did not visit the Lamaque property of Integra Gold Corp.
I am independent of the owners of the lands covered by this report within the meaning of
section 1.5 of National Instrument 43-101 Standards of Disclosure for Mineral Properties (NI
43-101).
I have read the NI 43-101 and Form 43-101F1, and hereby certify that this report has been
prepared in compliance with NI 43-101 and Form 43-101F1. The report gives a true picture of
the state of scientific and technical knowledge as of February 28, 2014.
Christian DAmours, P. Geo., OGQ

GoPointCom Inc
www.innovexplo.com
CERTIFICATE OF AUTHOR STEPHAN BERGERON

I, Stephan Bergeron, P. Geo., M. Eng., as an author of this report, do hereby certify that:
1.
2.
3.
4.
5.
6.
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8.
9.
10.
I am the Director of the Environment Department with the Dorval, Quebec, office of Amec
Foster Wheeler Environment & Infrastucture, a division of Amec Foster Wheeler Americas
Limited.
I am a graduate of University du Qubec Montral in 1997 with a degree in Physical
Geography, with a geomorphology specialization, and a Masters degree in Mineral
Engineering, with an hydrogeological specialization from the cole Polytechnique de Montral
in 1999. In addition I have taken specialist training in environmental site assessment and
auditing from University of Sherbrooke in 2001.
I am a certified geologist, registered with the Ordre des Gologues du Qubec (OGQ #787).
My relevant experience for the purpose of the Technical Report is:
Environmental
management and monitoring programs; Environmental auditing; Management of multidisciplinary environmental investigations.
I have read the definition of "qualified person" set out in National Instrument 43 101/Regulation
43-101 (NI43-101) and certify that by reason of my education, affiliation with a professional
association (as defined in NI43-101) and past relevant work experience, I fulfill the
requirements to be a "qualified person" for the purposes of NI43 101/Regulation 43-101.
A team of environmental specialists from Amec Foster Wheeler visited the Lamaque Gold
Project Site on a number of occasions during the spring to fall seasons of 2013 and reported to
the QP for the purpose of the environmental baseline study for the Lamaque South property;
and in the winter and the fall 2014 for the Sigma-Lamaque mining complex which forms the
basis of Item 20 of this report and section of item 18.9 related to the tailings facility.
I am responsible for overall preparation of the section ''Environmental Considerations'' within
Item 20 and 21.1.5 of this PEA report and co-author of sections 1 and 25 to 27, prepared for
Integra Gold Corp., entitled Technical Report and Mineral Resource Estimate Update for the
I am independent of the Issuer applying the test set out in Section 1.5 of National Instrument
43-101 and Regulation 43-101.
I had prior involvement with the property that is the subject of this PEA report.
I have read National Instrument 43-101 and the Technical Report has been prepared in
compliance with National Instrument 43-101 (Regulation 43-101) and Form 43-101F1.
To the best of my knowledge, information, and belief, the Technical Report contains all
scientific and technical information that is required to be disclosed to make the technical report
not misleading.
Signed on this 27th day of March 2015

Stephan Bergeron, PGeo.

Amec Foster Wheeler Environment and Infrastructure, a division of
Amec Foster Wheeler Americas Limited
www.innovexplo.com
CERTIFICATE OF AUTHOR DANIEL GAUDREAULT

I, Daniel Gaudreault, Eng, do hereby certify that:
1.
2.
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9.
I am currently employed as a geological engineer by Geologica Groupe-Conseil Inc., 450, 3rd

Avenue, Suite 202, P.O. Box 1891, Val-dOr (Qubec), J9P 6C5.
I graduated with a degree in Geological Engineering (Eng.) from the University of Qubec in
Chicoutimi in 1983.
I am a member of the Ordre des ingnieurs du Qubec (OIQ), #39834, of the Qubec Mining
Exploration Association (AEMQ) and the Prospectors and Developers Association of Canada
(PDAC).
I have worked as a geologist for a total of 32 years since my graduation from university. As an
engineer specializing in geology and mining, I have been involved with all aspects of planning,
organization and supervision of mineral exploration projects, especially in remote areas of
Abitibi, Qubec. I have been in charge of teams of professionals and technicians on geological
projects in the most severe conditions. I have also completed several geoscientific
compilations and technical reports on areas of interest in Qubec, Ontario, USA (California &
Nevada) and South America (mainly Peru).
I have read the definition of qualified person set out in National Instrument 43-101 (NI 43101) and certify that by reason of my education, affiliation with a professional association (as
defined in NI 43-101) and past relevant work experience, I fulfill the requirements to be a
qualified person for the purposes of NI 43-101.
I am responsible for the technical parts of sections 9.2, 10.2, 11.2, 12.2 and co-author of
sections 1, 4 to 7, 9 to 12 and 25 to 27 of the report titled Technical Report and Mineral
Resource Estimate Update for the Lamaque Project (according to National Instrument 43-101
and Form 43-101F1) (the Technical Report), effective date of February 10, 2015 and
signature date of March 27, 2015, prepared for Integra Gold Corp. I have recently visited the
subject property and I have planned, organized, supervised and revised the drilling programs
between 2009 and 2014.
I am independent of the issuer (Integra Gold Corp.) applying all of the tests in Section 1.5 of
Regulation 43-101 or National Instrument 43-101.
Daniel Gaudreault, Eng. (OIQ #39834)

Gologica Groupe-Conseil Inc.
www.innovexplo.com
CERTIFICATE OF AUTHOR TANIA IlIEVA

As the author of the report titled Technical Report and Mineral Resource Estimate Update for the
Lamaque Project (according to National Instrument 43-101 and Form 43-101F1) (the Technical
Report), effective date of February 10, 2015 and signature date of March 27, 2015, prepared for
Integra Gold Corp. I, Tania Ilieva do hereby certify that:
1.
I am employed as a Senior Geologist by, and carried out this assignment for, Micon
International Limited, Suite 900, 390 Bay Street, Toronto, Ontario M5H 2Y2, tel. (416) 3625135, fax (416) 362-5763, e-mail tilieva@micon-international.com
2.
I hold the following academic qualifications:

B.Sc. (Geology) Institute of Mining and Geology, Sofia, Bulgaria 1986;
Ph. D (Geology) University of Mining and Geology, Sofia, Bulgaria 2000.
3.
I am a registered Professional Geoscientist with the Association of Professional Engineers and

Geoscientists of Ontario (membership # 1259). During the site visit for this project I had a
Special Authorization # 272, issued by the Ordre des Geologues de Quebec. I am a member in
good standing of several other technical associations and societies, including: The Canadian
Institute of Mining, Metallurgy and Petroleum (Member # 149800 )
4.
I have worked as a geologist in the mining and minerals industry for 22 years;
5.
I have visited the Sigma-Lamaque Mine, located in the City of Val dOr, Bourlamaque
Township, Province of Quebec, Canada from 8 May to 10 May, 2013.
6.
I am familiar with NI 43-101 and, by reason of education, experience and professional

registration I fulfill the requirements of a Qualified Person as defined in NI 43-101. My work
experience includes 6 years as an exploration geologist looking for gold and base metal
deposits, more than 10 years as a research scientist, 6 years as a consulting geologist.
7.
As of the date of this certificate to the best of my knowledge, information and belief, the
Technical Report contains all scientific and technical information that is required to be
disclosed to make this report not misleading;
8.
I am independent of the parties involved in the property for which this report is required, other
than providing consulting services;
9.
I have read the NI 43-101 Instrument and this Technical Report has been prepared in
compliance with this Instrument.
10.
I am responsible for the technical parts of sections 4 to 7, 8, 9.1, 10.1, 11.1, 12.1, 14.7 and coauthor of sections 1, 4 to 7, 9 to 12, 14 and 25 to 27 of this Technical Report.

Tania Ilieva, Ph. D., P. Geo

Senior Geologist, Micon International Limited
www.innovexplo.com
CERTIFICATE OF AUTHOR MARIANNE UTIGER

I, Marianne Utiger, Eng., of Montreal, Quebec do hereby certify:
1.
I am a Process Engineer with WSP Canada Inc. with a business address at 1600
Ren-Lvesque Blvd W., 16th Floor, Montral, Qubec H3H 1P9.
2.
This certificate applies to the technical report entitled Technical Report and Mineral Resource
Estimate Update for the Lamaque Project with an effective date of February 10, 2015 and
signature date of March 27, 2015 (the Technical Report).
3.
I am a graduate of Chemical Engineering from cole Polytechnique de Montral (1996). I am

a member in good standing of the Ordre des Ingnieurs du Qubec (OIQ #121018). I have 14
years of experience in process engineering in the metallurgical, mineral processing and
chemical industries, including several years working on gold ore processing projects. I am a
Qualified Person for the purposes of National Instrument 43-101 (the Instrument).
4.
I visited the Sigma Mill on October 28, 2014 accompanied by Gabriel Belley of WSP and
Robert Marcoux, employee of Integra Gold.
5.
I am responsible for Sections 13, 17, 21.1.4 and 21.2.6 and co-author of Sections 1, 21 and 25
to 27.
6.
I am independent of Integra Gold Corp., as defined by Section 1.5 of the Instrument.
7.
I have no prior involvement with the Property that is the subject of the Technical Report.
8.
I have read the Instrument and the sections of the Technical Report that I am responsible for
have been prepared in compliance with the Instrument.
9.
As of the date of this certificate, to the best of my knowledge, information, and belief, the
sections of the Technical Report that I am responsible for contain all scientific and technical
information that is required to be disclosed to make the Technical Report not misleading.
Signed and dated this 27th day of February, 2015 in Montreal, Quebec.
Marianne Utiger
Process Engineer
WSP Canada Inc.
SIGNATURE PAGE INNOVEXPLO
TECHNICAL REPORT AND MINERAL RESOURCE ESTIMATE

UPDATE FOR THE LAMAQUE PROJECT
Project Location:
(NTS: 32C/04)
(UTM: 293960E, 5329260N)
(NAD 83, Zone 18)
Prepared for:
Integra Gold Corp.
1101 3e Avenue Est,
J9P 4P5
Sylvie Poirier, Eng

InnovExplo Inc.
Val-dOr (Qubec)
sylvie.poirier@innovexplo.com
Responsible for supervising the assembling of the report
Author of sections 2, 3, 15, 19, 21 (except 21.1.4, 21.1.6 and 21.2.6,), 22 and 24.
Co-author of sections 1, 18, 21 and 25 to 27.
Laurent Roy, Eng

InnovExplo Inc.
Val-dOr (Qubec)
laurent.roy@innovexplo.com
Author of sections 16.

Co-author of sections 1, 18 and 25 to 27.
SIGNATURE PAGE WSP CANADA INC.

Project Location:
(NTS: 32C/04)
(UTM: 293960E, 5329260N)
(NAD 83, Zone 18)
Prepared for:
Integra Gold Corp.
1101 3e Avenue Est,
J9P 4P5
Marianne Utiger, Eng.

WSP Canada Inc.
Montral (Qubec)
marianne.utiger@wspgroup.com
Author of sections 13, 17, 21.1.4 and 21.2.6.

SIGNATURE PAGE MICON INTERNATIONAL

Project Location:
(NTS: 32C/04)
(UTM: 293960E, 5329260N)
(NAD 83, Zone 18)
Prepared for:
Integra Gold Corp.
1101 3e Avenue Est,
J9P 4P5
Tania Ilieva, PGeo

Micon International
Toronto (Ontario)
tilieva@micon-international.com
Author of sections 8, 9.1, 10.1, 11.1, 12.1, 14.7 and 23.

Co-author of sections 1, 4 to 8, 9 to 12, 14, 23 and 25 to 27.
SIGNATURE PAGE GEOLOGICA GROUPE-CONSEIL INC.

Project Location:
(NTS: 32C/04)
(UTM: 293960E, 5329260N)
(NAD 83, Zone 18)
Prepared for:
Integra Gold Corp.
1101 3e Avenue Est,
J9P 4P5
Daniel Gaudreault, Eng.

Geologica Groupe-Conseil Inc.
Val-dOr (Qubec)
dangau@geologica.qc.ca
Author of sections 9.2, 10.2, 11.2 and 12.2.

Co-author of sections 1, 4 to 7, 9 to 12 and 25 to 27.
SIGNATURE PAGE GEOPOINTCOM INC.
TECHNICAL REPORT AND MINERAL RESOURCE UPDATE

ESTIMATE FOR THE LAMAQUE PROJECT
Project Location:
(NTS: 32C/04)
(UTM: 293960E, 5329260N)
(NAD 83, Zone 18)
Prepared for:
Integra Gold Corp.
1101 3e Avenue Est,
J9P 4P5
Christian DAmours, PGeo

GoPointCom Inc.
Val-dOr (Qubec)
cdamours@geotic.net
Author of section 14.1 to 14.6.

SIGNATURE PAGE AMEC FOSTER WHEELER

ENVIRONMENT & INFRASTRUCTURE

Project Location:
(NTS: 32C/04)
(UTM: 293960E, 5329260N)
(NAD 83, Zone 18)
Prepared for:
Integra Gold Corp.
1101 3e Avenue Est,
J9P 4P5
Stephan Bergeron, PGeo

Amec Foster Wheeler Environment & Infrastructure
Dorval (Qubec)
stephan.bergeron@amecfw.com
Author of sections 20 and 21.1.5.

Co-author of sections 1, 18, 21 and 25 to 27.
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TABLE OF CONTENTS
1.
SUMMARY ....................................................................................................................... 28
2.
INTRODUCTION .............................................................................................................. 49
2.1. Terms of Reference and Scope of Work ....................................................................... 49
2.2. Principal Sources of Information ................................................................................... 50
2.3. Qualified Persons and Inspection on the Property ........................................................ 50
2.4. Note Regarding the 2015 Preliminary Economic Assessment ..................................... 52
2.5. Units and Currencies .................................................................................................... 52
3.
RELIANCE ON OTHER EXPERTS ................................................................................. 53
4.
PROPERTY DESCRIPTION AND LOCATION ................................................................ 54
4.1. Location ........................................................................................................................ 54
4.2. Property Description ..................................................................................................... 56
4.2.1.
Land Tenure ....................................................................................................... 56
4.2.2.
Mining Concession Taxes and Mineral Claim Renewal ..................................... 73
4.2.3.
Royalties ............................................................................................................ 73
4.2.3.1. Royalty on the Sigma Property ....................................................................................... 73
4.2.3.2. Royalty and Agreement on the Lamaque Property ......................................................... 73
4.2.4.
Surface Rights and Access Agreements ............................................................ 74
4.2.5.
Environmental and Permitting ............................................................................ 75
4.2.6.
Location of Mineralization .................................................................................. 75
4.2.7.
Micon Comments ............................................................................................... 75
5.
ACCESSIBILITY, CLIMATE, LOCAL RESOURCES, INFRASTRUCTURE AND
PHYSIOGRAPHY ............................................................................................................ 76
5.1. Accessibility .................................................................................................................. 76
5.2. Climate .......................................................................................................................... 78
5.3. Local Resources ........................................................................................................... 79
5.4. Infrastructure ................................................................................................................. 79
5.5. Physiography ................................................................................................................ 79
6.
HISTORY.......................................................................................................................... 81
6.1. History of the Mines ...................................................................................................... 81
6.1.1.
Lamaque Mine ................................................................................................... 81
6.1.2.
Sigma Mines (Qubec) Limited .......................................................................... 83
6.1.3.
Lamaque and Sigma Mines (Century) ............................................................... 84
6.1.4.
Lamaque South property.................................................................................... 87
6.2. Mine Drilling in the Sigma-Lamaque Project ................................................................. 89
6.2.1.
Historical ............................................................................................................ 89
6.2.2.
Drilling Conducted by Century ........................................................................... 89
6.3. Centurys Production for the Sigma-Lamaque Project .................................................. 91
7.
GEOLOGICAL SETTING AND MINERALIZATION ........................................................ 93
7.1. Regional Geology ......................................................................................................... 93
7.2. Local Geology ............................................................................................................... 95
7.2.1.
Lamaque Mine Geology ..................................................................................... 98
7.2.1.1. Volcanic rocks ................................................................................................................. 98
7.2.1.2. Intrusive rocks ................................................................................................................. 98
7.2.2.
Sigma Veins ..................................................................................................... 101
7.2.2.1. Major veins .................................................................................................................... 101
7.2.2.2. Lesser veins .................................................................................................................. 101
2015 NI 43-101 Technical Report and Mineral Resource Estimate Update for the Lamaque project
March 27, 2015 Integra Gold Corp.
15
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7.2.2.3. Stockworks .................................................................................................................... 101
7.2.2.4. Flat veins ....................................................................................................................... 101
7.2.3.
Sigma Mine Geology ........................................................................................ 102
7.2.3.1. Volcanic rocks ............................................................................................................... 102

7.2.3.2. Intrusive rocks ............................................................................................................... 102
7.2.3.3. Structural geology ......................................................................................................... 103
7.2.4.
Sigma Mine Veins ............................................................................................ 104

Type 1 mineralization (shears) ...................................................................................... 104
Type 2 mineralization (dykes) ....................................................................................... 105
Type 3 mineralization (north-dipping)............................................................................ 106
Type 4 mineralization (flats) .......................................................................................... 106
7.2.5.
Lamaque South Property Geology ................................................................... 107
7.2.6.
Aumaque Mine Geology ................................................................................... 111
7.2.7.
Audet, Audet-Stoch, New Bidlamaque and Union Gold ................................... 112
7.2.7.1. Audet and Audet-Stoch ................................................................................................. 112
7.2.7.2. New Bidlamaque ........................................................................................................... 112
7.2.7.3. Union Gold .................................................................................................................... 113
7.2.8.
Sigma II (Vicour) and Sigma II East ................................................................. 113
7.3. Mineralization .............................................................................................................. 114
7.3.1.
Vein Material .................................................................................................... 114
7.3.2.
Accessory Material ........................................................................................... 115
7.3.3.
Alteration .......................................................................................................... 115
7.3.4.
Gold Deposition at the Sigma-Lamaque Mines ................................................ 115
7.3.5.
Mineralized Zones at the Lamaque South Project ........................................... 116
7.3.5.1. North Cluster ................................................................................................................. 117
7.3.5.2. South Cluster................................................................................................................. 119
7.3.5.3. West Cluster .................................................................................................................. 120
8.
DEPOSIT TYPES ........................................................................................................... 122
9.
EXPLORATION.............................................................................................................. 124
9.1. Sigma-Lamaque Mining Complex ............................................................................... 124
9.2. Lamaque South Property ............................................................................................ 124
10. DRILLING....................................................................................................................... 125
10.1. Sigma-Lamaque mining complex................................................................................ 125
10.2. Lamaque South property ............................................................................................ 125
10.2.1.
South Triangle Zone......................................................................................... 126
10.2.2.
No. 3 Mine ........................................................................................................ 128
10.2.3.
Parallel Zone .................................................................................................... 131
10.2.4.
No. 6 Vein and Sixteen Zone ........................................................................... 134
10.2.5.
Triangle Zone and Mylamaque Area ................................................................ 138
10.2.6.
Fortune Zone.................................................................................................... 143
10.2.7.
No. 5 Plug ........................................................................................................ 146
10.2.8.
Parallel Ramp Zone ......................................................................................... 148
10.2.9.
Geophysical Targets ........................................................................................ 150
10.2.10. Additional Resource Potential .......................................................................... 152
10.2.11. Drilling Program for Geotechnical Studies ....................................................... 152
10.2.11.1. Mylamaque area ........................................................................................................ 152
10.2.11.2. Parallel Zone area ..................................................................................................... 152
10.2.11.3. Sigma Vein Extension area ....................................................................................... 153
10.2.11.4. Triangle Zone area .................................................................................................... 154
10.2.11.5. Sixteen Zone area ..................................................................................................... 154
7.2.4.1.
7.2.4.2.
7.2.4.3.
7.2.4.4.
16
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11. SAMPLE PREPARATION, ANALYSES AND SECURITY ............................................ 155

11.2. Lamaque South property ............................................................................................ 155
11.2.1.
Results of Quality Control during 2013-2015 Drilling Programs ....................... 158
11.2.1.1. Blanks ........................................................................................................................ 158
11.2.1.2. Certified reference material (standards) .................................................................... 159
11.2.1.3. Duplicates .................................................................................................................. 159
11.2.2.
Geologica Conclusions .................................................................................... 160
12. DATA VERIFICATION ................................................................................................... 161
12.1.1.
Historical Sample Preparation, Analyses and Security at the Sigma-Lamaque
Property ........................................................................................................... 161
12.1.2.
Drill Core Handling, Logging and Sampling Procedures .................................. 161
12.1.3.
Underground Sampling .................................................................................... 162
12.1.3.1. Chip Sampling ........................................................................................................... 162
12.1.4.
Muck Sampling................................................................................................. 162
12.1.5.
Historical Sample Preparation and Assaying at the Sigma-Lamaque Project.. 163
12.1.6.
Quality Assurance and Quality Control (QA/QC) ............................................. 163
12.1.7.
Micon Comments ............................................................................................. 164
12.2. Lamaque South Property ............................................................................................ 164
13. MINERAL PROCESSING AND METALLURGICAL TESTING ..................................... 165
13.1. Initial Testwork ............................................................................................................ 165
13.1.1.
Sample Description .......................................................................................... 165
13.1.2.
Sample Preparation ......................................................................................... 166
13.1.3.
Sample Characterization .................................................................................. 166
13.1.4.
Metallurgical Test Program .............................................................................. 168
13.2. Potential Processing Facility Secondary Testwork .................................................. 171
13.2.1.
Sample Description and Preparation ............................................................... 171
13.2.2.
Properties of the Zone Composites .................................................................. 171
13.2.3.
Metallurgical Performance ............................................................................... 172
14. MINERAL RESOURCE ESTIMATES ............................................................................ 174
14.1. Resource Estimate Fortune Zone ............................................................................ 177
14.1.1.
Methodology..................................................................................................... 177
14.1.2.
Drill Hole Sample Database ............................................................................. 177
14.1.3.
Interpretation of Mineralized Zones .................................................................. 177
14.1.4.
High Grade Capping ........................................................................................ 178
14.1.5.
Compositing ..................................................................................................... 181
14.1.6.
Variography ...................................................................................................... 182
14.1.7.
Bulk Density ..................................................................................................... 184
14.1.8.
Block Model Geometry ..................................................................................... 184
14.1.9.
Mineralized Zone Block Model ......................................................................... 184
14.1.10. Grade Block Model........................................................................................... 184
14.1.11. Resource Categories ....................................................................................... 185
14.1.12. Minimum cut-off Value ..................................................................................... 185
14.1.13. Mineral Resource Estimate Results ................................................................. 186
14.1.14. Comparison to Previous Mineral Resource Estimates ..................................... 187
14.2. Resource Estimate Parallel Zone ............................................................................ 188
14.2.1.
Methodology..................................................................................................... 188
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14.2.2.
14.2.3.
14.2.4.
14.2.5.
Compositing ..................................................................................................... 194
14.2.6.
Variography ...................................................................................................... 194
14.2.7.
Bulk Density ..................................................................................................... 195
14.2.8.
14.2.9.
14.3. Resource Estimate No. 4 Plug .................................................................................... 201
14.3.1.
Methodology..................................................................................................... 201
14.3.2.
Drill Hole Database .......................................................................................... 201
14.3.3.
14.3.4.
14.3.5.
Compositing ..................................................................................................... 204
14.3.6.
Variography ...................................................................................................... 205
14.3.7.
Bulk Density ..................................................................................................... 207
14.3.8.
14.3.9.
14.4. Resource Estimate of the Triangle Zone .................................................................... 213
14.4.1.
Methodology..................................................................................................... 213
14.4.2.
Drill hole Sample Database .............................................................................. 213
14.4.3.
14.4.4.
14.4.5.
Compositing ..................................................................................................... 218
14.4.6.
Variography ...................................................................................................... 218
14.4.7.
Bulk Density ..................................................................................................... 220
14.4.8.
14.4.9.
14.4.14. Comparison with Previous Mineral Resource Estimates ................................. 226
14.5. Resource Estimate Vein No. 6 ................................................................................. 226
14.5.1.
Methodology..................................................................................................... 226
14.5.2.
Drill hole sample database ............................................................................... 226
14.5.3.
14.5.4.
High grade capping .......................................................................................... 228
14.5.5.
Compositing ..................................................................................................... 230
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14.5.6.
Variography ...................................................................................................... 231
14.5.7.
Bulk Density ..................................................................................................... 232
14.5.8.
14.5.9.
14.5.12. Minimum Cut-off Value..................................................................................... 234
14.6. Resource Estimate of the Sixteen Zone ..................................................................... 237
14.6.1.
Methodology..................................................................................................... 237
14.6.2.
14.6.3.
14.6.4.
14.6.5.
Compositing ..................................................................................................... 241
14.6.6.
Variography ...................................................................................................... 241
14.6.7.
Bulk Density ..................................................................................................... 243
14.6.8.
14.6.9.
14.6.12. Minimum Cut-off Value..................................................................................... 245
14.6.14. Comparison to previous mineral resource estimates ....................................... 246
14.7. Mineral Resources for the Sigma-Lamaque Project ................................................... 247
14.7.1.
Summary of the 2011 Resource Estimate ....................................................... 247
15. MINERAL RESERVE ESTIMATES ............................................................................... 251
16. MINING METHODS........................................................................................................ 252
16.1. Caution to the Reader ................................................................................................. 252
16.2. Introduction ................................................................................................................. 252
16.3. Mineral Resources considered in the Mining Plan ...................................................... 253
16.4. Preliminary Geotechnical Assessment ....................................................................... 254
16.4.1.
Rock Quality Designation (RQD) ..................................................................... 255
16.4.2.
Total Core Recovery (TCR) ............................................................................. 255
16.4.3.
ISRM field hardness ......................................................................................... 256
16.4.4.
Fracture Frequency and Fracture Spacing ...................................................... 257
16.4.5.
Crown Pillar ...................................................................................................... 257
16.4.6.
Typical Ground Support Patterns ..................................................................... 257
16.4.7.
Summary of Geotechnical Data ....................................................................... 259
16.5. Mining Method ............................................................................................................ 260
16.5.1.
Long-hole Method ............................................................................................ 260
16.5.2.
Room and pillar ................................................................................................ 263
16.6. Existing mine infrastructure......................................................................................... 263
16.7. Dewatering .................................................................................................................. 266
16.8. Underground mine design........................................................................................... 266
16.8.1.
North Zones development ................................................................................ 266
16.8.2.
North Zones sequence ..................................................................................... 269
16.8.3.
South Zones development ............................................................................... 271
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16.8.4.
South Zones sequence .................................................................................... 273
16.9. Mining dilution and recoveries .................................................................................... 273
16.10.Mining rate .................................................................................................................. 273
16.11.Mine plan schedule criteria ......................................................................................... 274
16.12.Equipment ................................................................................................................... 274
16.13.Manpower requirements ............................................................................................. 275
16.14.Development and production schedule ....................................................................... 278
16.15.Mining services ........................................................................................................... 279
16.15.1. Ventilation for North and South Zones ............................................................. 279
16.15.2. Dewatering ....................................................................................................... 281
16.15.2.1. Dewatering: North Zones .......................................................................................... 281
16.15.2.2. Dewatering: South Zones .......................................................................................... 282
16.15.3. Compressed air ................................................................................................ 283
16.15.4. Industrial water ................................................................................................. 283
16.15.5. Underground power distribution ....................................................................... 284
17. RECOVERY METHODS ................................................................................................ 285
17.1. Description of Sigma Mill Mineral Processing Facility ................................................. 285
17.1.1.
Crushing Circuit................................................................................................ 285
17.1.2.
Grinding and Gravity Circuits ........................................................................... 285
17.1.3.
Thickener, Leach and Carbon-in-Pulp Circuits ................................................ 286
17.1.4.
Elution, Refinery and Carbon Regeneration .................................................... 286
17.1.5.
Tailings and Cyanide Destruction .................................................................... 287
17.2. Expected Recovery ..................................................................................................... 287
18. PROJECT INFRASTRUCTURE .................................................................................... 289
18.1. Plant and site layout.................................................................................................... 289
18.2. Surface Electrical Installation and Distribution ............................................................ 293
18.3. Site Access ................................................................................................................. 293
18.4. Camp .......................................................................................................................... 293
18.5. Mine Site Entrance/Guardhouse ................................................................................. 293
18.6. Office Building and Dry Complex ................................................................................ 293
18.7. Service Buildings ........................................................................................................ 294
18.8. Site Roads .................................................................................................................. 294
18.9. Compressor Building................................................................................................... 294
18.10.Fuel Storage ............................................................................................................... 294
18.11.Site Fencing ................................................................................................................ 294
18.12.Water Systems............................................................................................................ 294
18.13.Communication System .............................................................................................. 294
18.14.Sewage ....................................................................................................................... 295
18.15.Water Treatment Plant and Settling Pond .................................................................. 295
18.16.Mineralized Material Stockpile .................................................................................... 295
18.17.Waste Stockpile .......................................................................................................... 295
18.18.Overburden Stockpile ................................................................................................. 296
18.19.Tailings Storage Facility and Water Management ...................................................... 296
18.20.Project Implementation Schedule ............................................................................... 297
18.21.All-Terrain Vehicule Trail ............................................................................................. 298
19. MARKET STUDIES AND CONTRACTS ....................................................................... 299
19.1. Market Studies ............................................................................................................ 299
19.2. Contracts..................................................................................................................... 299
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20.
ENVIRONMENTAL STUDIES, PERMITTING, AND SOCIAL OR COMMUNITY

IMPACT ......................................................................................................................... 300
20.1. Regulations and Permitting ......................................................................................... 300
20.1.1.
Federal Regulations and Permitting ................................................................. 300
20.1.2.
Provincial Regulations and Permitting ............................................................. 301
20.2. Environmental Baseline Study Lamaque South Property ........................................ 304
20.3. Environmental Effects Monitoring Studies conducted at the Sigma-Lamaque Mining
Complex................................................................................................................................. 305
20.4. Tailings Impoundment Area ........................................................................................ 306
20.5. Operations .................................................................................................................. 310
20.5.1.
Tailings Management ....................................................................................... 310
20.5.2.
Waste Rock Management ................................................................................ 310
20.5.3.
Mine Water & Process Water Treatment ......................................................... 310
20.5.4.
Site Drainage ................................................................................................... 311
20.6. Reclamation ................................................................................................................ 311
20.6.1.
Monitoring Program after Closure .................................................................... 313
20.7. Socio-Economic Setting .............................................................................................. 316
21. CAPITAL AND OPERATING COSTS ........................................................................... 319
21.1. Capital Costs............................................................................................................... 319
21.1.1.
Surface Infrastructure....................................................................................... 320
21.1.2.
Mobile Equipment ............................................................................................ 321
21.1.3.
Development and Capitalized Operating Costs ............................................... 321
21.1.4.
Mill Refurbishment ........................................................................................... 322
21.1.5.
Tailings ............................................................................................................. 323
21.1.6.
Owners Costs .................................................................................................. 324
21.1.7.
Salvage Value .................................................................................................. 324
21.1.8.
Closure Cost .................................................................................................... 324
21.1.9.
Capitalized Revenue ........................................................................................ 324
21.2. Operating Costs .......................................................................................................... 324
21.2.1.
Definition Drilling .............................................................................................. 325
21.2.2.
Stope Development.......................................................................................... 325
21.2.3.
Mining Costs .................................................................................................... 325
21.2.4.
Integra Gold Staff ............................................................................................. 326
21.2.5.
Energy Cost ..................................................................................................... 326
21.2.6.
Milling ............................................................................................................... 326
21.2.7.
Transportation Cost.......................................................................................... 327
21.2.8.
Environment ..................................................................................................... 327
21.2.9.
Capitalized Opex .............................................................................................. 328
21.2.10. Taxes and Royalties ......................................................................................... 328
22. ECONOMIC ANALYSIS ................................................................................................. 329
22.1. Financial Analysis ....................................................................................................... 329
22.2. Sensitivity Analysis ..................................................................................................... 332
22.2.1.
Discount Rate Sensitivity ................................................................................. 336
23. ADJACENT PROPERTIES ............................................................................................ 337
23.1. Globex Mining Corporation ......................................................................................... 337
23.2. Alexandria Minerals Corporation................................................................................. 337
23.3. QMX Gold Corporation ............................................................................................... 337
23.4. Harricana River Mining Corporation ............................................................................ 337
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23.5. Micon Comments ........................................................................................................ 338

24. OTHER RELEVANT DATA AND INFORMATION ........................................................ 340
25. INTERPRETATION AND CONCLUSIONS .................................................................... 341
25.1. 2015 Updated Mineral Resource Estimate ................................................................. 341
25.2. 2015 Updated PEA ..................................................................................................... 344
25.3. Opportunities & Risks ................................................................................................. 350
26. RECOMMENDATIONS .................................................................................................. 352
27. REFERENCES ............................................................................................................... 357
LIST OF FIGURES
Figure 4.1 Location of the Lamaque Project with respect to Canadian and provincial
borders, and major cities ................................................................................... 54
Figure 4.2 Location of the Lamaque Project with respect to other mining centres in the
Abitibi region. Source: GESTIM (MNR) and Google Earth ................................ 55
Figure 4.3 Claim map of the Lamaque Project, Bourlamaque and Louvicourt townships,
Qubec, Canada. Source: GESTIM (MNR), Government of Qubec, as of
January 9, 2015. ................................................................................................ 58
Figure 4.4 Claim map of the Sigma-Lamaque property, Bourlamaque Township, Qubec,
Canada. Source: GESTIM, MNR, Government of Qubec, as of January 8,
2015 ................................................................................................................... 60
Figure 4.5 Claim map of the Lamaque South property, Bourlamaque Township, Qubec,
Canada. Source: GESTIM, MNR, Government of Qubec, as of January 9,
2015 ................................................................................................................... 61
Figure 4.6 Claim map of the AumaqueUnion GoldAudet property in Bourlamaque
Township, Qubec, Canada. Source: GESTIM, MNRF, Government of
Qubec, as of January 9, 2014 .......................................................................... 62
Figure 4.7 Claim map of the Sigma II property, Louvicourt Township, Qubec, Canada.
Source: GESTIM, MNRF, Government of Qubec, as of January 9, 2015 ....... 63
Figure 4.8 Sigma-Lamaque property and Cit de l'Or Mining Museum boundaries. Source:
Century (May 13, 2013) ..................................................................................... 64
Figure 5.1 Location and access of the former mine sites comprising part of the Lamaque
Project, Bourlamaque Township, Province of Qubec ...................................... 77
Figure 6.1 Level plan of drift 5-5340, Lamaque mine, and underground drill holes. Figure
provided in May 2013 by Paul Bdard, Chief Geologist, Century Mining
Corporation. ....................................................................................................... 91
Figure 7.1 Simplified map of the Abitibi Greenstone Belt showing the distribution of major
fault zones and gold deposits (Poulsen et al., 2000). ........................................ 93
Figure 7.2 Simplified regional geology of the Lamaque Project area. Modified from Pilote
et al. (1999). ....................................................................................................... 94
Figure 7.3 Simplified geology map for the Sigma and Lamaque deposits. Modified from
Sauv et al. (1993). ........................................................................................... 96
Figure 7.4 Simplified vertical cross section of the Sigma and Lamaque mine. A: Cross
section looking east through the Sigma mine (modified from Robert and
Brown, 1986). B: Cross section looking west through the Lamaque main
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mine (modified from Wilson, 1948). C: Cross section looking north through
the Lamaque No. 2 mine (from Bdard, 1979). ................................................. 97
Figure 7.5 Geological map of the Lamaque Project, excluding the Sigma II property area ..... 99
Figure 7.6 Geological map of the Sigma II property area ...................................................... 100
Figure 7.7 Shear zone in the Sigma open pit, showing quartz-carbonate veins and
underground workings. Photograph taken during Micons site visit in May,
2013. ................................................................................................................ 105
Figure 7.8 Subhorizontal quartz-tourmaline-carbonate veins in the Sigma open pit. ............ 106
Figure 7.9 Quartz-tourmaline-carbonate vein (flat vein). Photograph taken during Micons
site visit in May, 2013. ..................................................................................... 107
Figure 7.10 Lamaque South property geology and mineralized zones (from Beauregard et
al., 2011) .......................................................................................................... 109
Figure 7.11 Typical quartz-carbonate vein with coarse-grained visible gold in the Sigma
open pit. Photograph taken during Micons site visit in May, 2013. ................. 114
Figure 7.12 Quartz-tourmaline-carbonate distribution in the Val-dOr district (modified from
Robert, 1994). .................................................................................................. 116
Figure 8.1 Schematic diagram illustrating the typical setting for a greenstone-hosted
quartz-carbonate vein deposit. Source: Modified from Poulsen et al. (2000)
and Robert (2004). ........................................................................................... 123
Figure 10.1 Location of diamond drill holes on the South Triangle zone ............................... 127
Figure 10.2 Location of diamond drill holes in the No. 3 mine area ....................................... 130
Figure 10.3 Location of diamond drill holes from diamond drilling programs on the Parallel
Zone ................................................................................................................. 133
Figure 10.4 Location of diamond drill holes from diamond drilling programs on the Sixteen
Zone ................................................................................................................. 136
Figure 10.5 Location of diamond drill holes from diamond drilling programs on No. 6 Vein .. 137
Figure 10.6 Location of diamond drill holes from diamond drilling programs on the Triangle
Zone ................................................................................................................. 142
Figure 10.7 Location of diamond drill holes from diamond drilling programs on the Fortune
Zone ................................................................................................................. 145
Figure 10.8 Location of diamond drill holes from 2014 diamond drilling program on No. 5
Plug .................................................................................................................. 147
Figure 10.9 Location of diamond drill holes from diamond drilling program on the Parallel
Ramp Zone ...................................................................................................... 149
Figure 10.10 Location of diamond drill holes diamond drilling program on geophysical
targets .............................................................................................................. 151
Figure 14.1 Wireframe solids of the Fortune Zone (formerly the Forestel Zone). .................. 178
Figure 14.2 Comparative histogram ....................................................................................... 180
Figure 14.3 Probability plot..................................................................................................... 181
Figure 14.4 Omnidirectional variography. .............................................................................. 183
Figure 14.5 Sensitivity of estimates to different cut-off values. .............................................. 186
Figure 14.6 Wireframe solids of the Parallel Zone. ................................................................ 190
Figure 14.7 Comparative histogram ....................................................................................... 192
Figure 14.8 Capping effect on total ounces............................................................................ 193
Figure 14.9 Effect of length on grade ..................................................................................... 194
Figure 14.10 Wireframe solids from No. 4 Plug. .................................................................... 202
Figure 14.11 Grade distribution within the High Probability to be Mineralized Zone. ............. 204
Figure 14.12 Grade versus length. ......................................................................................... 205
Figure 14.13 Directional variography of the Gauss transformed data. ................................... 207
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Figure 14.14 Selectivity capability according to SMU size ..................................................... 211

Figure 14.15 Wireframe solids from the Triangle Zone. ......................................................... 214
Figure 14.16 Probability plot................................................................................................... 216
Figure 14.17 Effect of capping in resource estimation. .......................................................... 217
Figure 14.18 Model Variogram for Vein T10 .......................................................................... 220
Figure 14.19 Mineralized Zone classification M/N.................................................................. 222
Figure 14.20 Wireframe solids from Vein No. 6 ..................................................................... 227
Figure 14.21 Probability plot (Vein No. 6) .............................................................................. 229
Figure 14.22 Effect of capping on resource estimation (Vein No. 6) ...................................... 230
Figure 14.23 Omnidirectional variography (Vein No. 6) ......................................................... 232
Figure 14.24 Wireframe solids of the Sixteen Zone. .............................................................. 238
Figure 14.25 Capping grade distribution versus % ounces lost (Sixteen Zone) ..................... 240
Figure 14.26 Grade distribution within the High Probability Ore (Sixteen Zone) .................... 241
Figure 14.27 Omnidirectional variography of the composites (Sixteen Zone) ........................ 243
Figure 16.1 Histograms showing distribution and cumulative percentage RQD for: a)
intrusive rock, and b) volcanic rock .................................................................. 255
Figure 16.2 Standard requirement for ramp ground support .................................................. 258
Figure 16.3 Standard support pattern as a function of excavation dimensions. ..................... 259
Figure 16.4 Typical isometric long hole stope view of the North Ramp and Triangle zones. . 261
Figure 16.5 Typical longitudinal stope view of the North Zones and Triangle Zones ............. 262
Figure 16.6 Typical drilling patterns in the No. 4 Plug ............................................................ 262
Figure 16.7 Typical room and pillar design ............................................................................ 263
Figure 16.8 Plan view of existing infrastructure belonging to the Lamaque Project ............... 265
Figure 16.9 Longitudinal view of the Parallel Zone (incl. the No. 7 veins) and the Fortune
Zone, looking north. ......................................................................................... 267
Figure 16.10 Plan view of the Parallel-Fortune connection. ................................................... 268
Figure 16.11 Longitudinal view of the Parallel Zone without the No. 7 veins, looking north. . 270
Figure 16.12 Longitudinal view of the Triangle Zone and No. 4 Plug, looking west. .............. 272
Figure 16.13 Ventilation network for the North Zones ............................................................ 280
Figure 16.14 Ventilation network for the South Zones ........................................................... 281
Figure 16.15 Longitudinal view of the dewatering system for the Parallel and Fortune
zones, looking west. ........................................................................................ 282
Figure 16.16 Longitudinal view of the Triangle Zone and No. 4 Plug dewatering system,
looking west. .................................................................................................... 283
Figure 17.1 Sigma Mill Simplified Flowsheet.......................................................................... 288
Figure 18.1 Surface view of the Sigma-Lamaque and Lamaque South properties. ............... 290
Figure 18.2 Surface view of the Sigma-Lamaque property. ................................................... 291
Figure 18.3 Surface view of the Lamaque South property. .................................................... 292
Figure 18.4 View of the existing tailings impoundments at the Sigma mine .......................... 297
Figure 20.1 Sigma tailings impoundment at end of Year 4 .................................................... 309
Figure 22.1 Sensitivity analysis of economical parameters, after-tax NPV at 5% (millions $)333
Figure 22.2 Sensitivity analysis of grade, after-tax NPV at 5% (millions $) ............................ 334
Figure 22.3 Sensitivity analysis of economical parameters, after-tax IRR ............................. 335
Figure 22.4 Sensitivity analysis on grade, after-tax IRR ........................................................ 336
Figure 23.1 Location of Adjacent Properties .......................................................................... 339
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LIST OF TABLES
Table 4.1 Mining claims and leases comprising the Lamaque Project ..................................... 66
Table 5.1 Annual Average Temperature Data.......................................................................... 78
Table 5.2 Annual Average Precipitation data ........................................................................... 78
Table 6.1 Total production figures for the principal mining areas of the Lamaque mine
(1935 to 1985) ................................................................................................... 82
Table 6.2 Total Sigma mine production to end of May 2012. ................................................... 85
Table 6.3 Summary of the 2010 Sigma-Lamaque Project Production Statistics ...................... 86
Table 6.4 Drilling and exploration from January 2003 to December 2014 ............................... 88
Table 6.5 Significant results from the 2010 surface drilling program at the Bdard Dyke ........ 90
Table 6.6 Production in 2011 and 2012 ................................................................................... 92
Table 10.1 2014 Technical Parameters on the Sigma-Lamaque (Parallel Ramp Area) ........ 125
Table 10.2 2013 technical parameters on the South Triangle Zone ...................................... 126
Table 10.3a 2013 technical parameters in the No. 3 mine area ............................................. 128
Table 10.3b 2015 technical parameters in the No. 3 mine area ............................................. 128
Table 10.4 2013 technical parameters on the Parallel Zone .................................................. 131
Table 10.5a 2010 technical parameters on the Sixteen Zone ................................................ 134
Table 10.5b 2012 technical parameters on the No. 6 Vein .................................................... 134
Table 10.6a 2014 technical parameters on the Triangle Zone .............................................. 138
Table 10.6b 2014 technical parameters on the Triangle Zone ............................................... 139
Table 10.6c 2015 Technical Parameters on the Triangle Zone ............................................. 140
Table 10.7 2014 Technical Parameters on the Fortune Zone ............................................... 143
Table 10.8 2014 Technical Parameters on Plug 5 Zone ....................................................... 146
Table 10.9a 2014 Technical Parameters on Exploration Program ......................................... 148
Table 10.9b 2015 Technical Parameters on Exploration Program ......................................... 148
Table 10.10a 2014 Technical Parameters on Exploration Program ....................................... 150
Table 10.10b 2015 Technical Parameters on Exploration Program ....................................... 150
Table 10.11 2014 Technical Parameters on the Mylamaque Zone ....................................... 152
Table 10.12 2014 Technical Parameters on the Parallel Zone .............................................. 153
Table 10.13 2014 Technical Parameters on the Sigma Vein ................................................ 153
Table 10.14 2014 Technical Parameters on the Triangle Zone ............................................. 154
Table 10.15 2014 Technical Parameters on the Sixteen Zone .............................................. 154
Table 12.1 Frequency and tonnage of scoop and truck sampling by equipment size ........... 163
Table 13.1 Composite Samples: Origin and Weight .............................................................. 166
Table 13.2 Ball Mill Work Index .............................................................................................. 166
Table 13.3 Head Assay Summary.......................................................................................... 167
Table 13.4 Trace Mineral Search High-Grade Gold Samples ............................................. 168
Table 13.5 Gravity and Cyanide Leach Conditions and Recoveries ................................... 169
Table 13.6 Summary of Flotation Gold Recoveries ................................................................ 170
Table 13.7 Gold Recoveries Flotation, Regrind and Cyanide Leach of Concentrate and
Tailings ............................................................................................................ 170
Table 13.8 Summary of Chemical Assays ............................................................................. 171
Table 13.9 Flowsheet 1 Recoveries ....................................................................................... 172
Table 13.10 Flowsheet 2 Recoveries ..................................................................................... 172
Table 13.11 Flowsheet 3 Recoveries ..................................................................................... 172
Table 14.1 Total Indicated Resource Estimate by zone using a 3.00 g/t Au cut-off ............... 175
Table 14.2 Total Inferred Resources Estimate by zone using a 3.00 g/t Au cut-off ............... 175
Table 14.3 Key parameters for Mineral Resource Estimates by zone ................................... 176
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Table 14.4 Fortune Zone Mineral Resources ......................................................................... 187

Table 14.5 Geometry of the area where grade is over 3 g/t Au ............................................. 189
Table 14.6 Interpolation parameters ...................................................................................... 196
Table 14.7 Sensitivity of resource to different cut-off values .................................................. 198
Table 14.8 Mineral resources in the Parallel Zone per vein ................................................... 199
Table 14.9 Mineral resources in the Parallel Zone (all veins) per elevation ........................... 200
Table 14.10 Sensitivity of Indicated and Inferred categories to different cut-off values ......... 210
Table 14.11 Mineral Resources of No. 4 Plug ........................................................................ 212
Table 14.12 Cross validation vs capping scenarios. ............................................................. 218
Table 14.13 Search ellipsoid and Variograms models ........................................................... 219
Table 14.14 Estimated resources with appropriate cut-off for each vein ............................... 224
Table 14.15 Sensitivity of resource to different cut-off values ................................................ 225
Table 14.17 Cut-off sensitivity on resource estimation (Vein No. 6) ...................................... 235
Table 14.18 Resources estimates for Vein No. 6 calculated using progressive capping
above 40 g/t (cut-off grade of 3 g/t).................................................................. 236
Table 14.19 Cut-off sensitivity on the resource estimation (Sixteen Zone) ............................ 246
Table 14.20 Mineral resource estimate for the Sigma-Lamaque mine as of June 20, 2011.. 250
Table 16.1 Resources available to produce a preliminary mine plan with a 3.00 g/t Au cutoff ..................................................................................................................... 253
Table 16.2 Resources considered for the No. 7 veins to produce a preliminary mine plan ... 254
Table 16.3 Mineral inventory for PEA..................................................................................... 254
Table 16.4 Statistics for RQD data .........................................................................................255
Table 16.5 Statistics for TCR data .........................................................................................256
Table 16.6 Statistics for ISRM field hardness ........................................................................ 256
Table 16.7 Approximate UCS ranges by ISRM field hardness (modified from ISRM, 1978) . 256
Table 16.8 Statistics for fractures per metre of core .............................................................. 257
Table 16.9 Typical ground support bolt length ....................................................................... 258
Table 16.10 Mine development quantities for the North Zones.............................................. 266
Table 16.11 Operational work place for the North Zones ....................................................... 269
Table 16.12 Mine development quantities for the South Zones ............................................. 271
Table 16.13 Operational work place for the South Zones ...................................................... 273
Table 16.14 Mining equipment for the Lamaque Project........................................................ 275
Table 16.15 Manpower requirements: Administration and surface services .......................... 276
Table 16.16 Manpower requirements: Technical services, maintenance, supervision and
operations ........................................................................................................ 277
Table 16.17 Mine plan tonnage distribution ........................................................................... 278
Table 16.18 Conceptual mining plan, yearly tonnage distribution for the North and South
Zones ............................................................................................................... 279
Table 16.19 Airflow requirements........................................................................................... 280
Table 17.1 Expected Recoveries ........................................................................................... 287
Table 20.1 Five-year tailings production volumes to be stored in tailings impoundment ....... 307
Table 20.2 Cost estimate for the restoration and financial guarantee for the SigmaLamaque Mining Complex, Integra Gold.......................................................... 315
Table 20.3 Cost Estimate for the restoration and financial guarantee for the Lamaque
South property, Integra Gold ............................................................................ 316
Table 21.1 Capital cost estimate ............................................................................................319
Table 21.2 Surface infrastructure cost estimate ..................................................................... 320
Table 21.3 Mining infrastructure cost estimate....................................................................... 321
Table 21.4 Development and capitalized operating costs ...................................................... 322
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Table 21.5 Costs related to the capacity increase of the existing tailings facility over the life
of mine ............................................................................................................. 323
Table 21.6 Owners costs ....................................................................................................... 324
Table 21.7 Summary of total operating costs ......................................................................... 325
Table 21.8 Mining costs ......................................................................................................... 325
Table 21.9 Yearly energy cost (average for complete production years) ............................... 326
Table 21.10 Milling costs for 450,000 tpa production capacity ............................................... 327
Table 21.11 Yearly environment cost (average for Year 0Q3 to Year 4) ............................... 328
Table 22.1 Cash flow analysis summary ................................................................................ 330
Table 22.2 Economic analysis for the Lamaque Project (figures in Canadian dollars) .......... 331
Table 22.3 Sensitivity analysis of economical parameters, after-tax NPV at 5% (millions $) . 333
Table 22.4 Sensitivity analysis of grade, after-tax NPV at 5% (millions $) ............................. 334
Table 22.5 Sensitivity analysis of economical parameters, after-tax IRR .............................. 335
Table 22.6 Sensitivity analysis on grade, after-tax IRR .......................................................... 336
Table 22.7 Sensitivity analysis at various discount rates ....................................................... 336
Table 26.1 Data base Cut-off dates for the various zones of the Lamaque Project during
the 2015 PEA study ......................................................................................... 352
Table 26.2 Proposed Underground Exploration ..................................................................... 355
Table 26.3 Proposed work program and budget .................................................................... 356
LIST OF APPENDICES
APPENDIX I UNITS, CONVERSION FACTORS, ABBREVIATIONS ...................................... 363
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1.
SUMMARY
At the request of Integra Gold Corp. (Integra Gold, the issuer or the Company),
InnovExplo has been retained to prepare a Technical Report (the Report) for the
Lamaque Project (the Project) in accordance with National Instrument 43-101 and
Form 43 101F1. The report presents the results of an updated mineral resource
estimates on the project for the Parallel and Triangle Zones. The 2015 Mineral
Resource Estimate was completed by Geologica and GoPointCom. InnovExplo is
an independent mining and exploration consulting firm based in Val-dOr (Qubec).
Integra Gold is a Canadian mineral exploration company trading publicly on the TSX
Venture Exchange in Canada (TSXV: ICG). The Company was incorporated under
the name "Kalahari Resources Inc." on July 2, 1986, in the Province of British
Columbia, Canada, by registration of its Memorandum and Articles. On December
29, 2010, the Company changed its name to Integra Gold Corp.
This report also refers to and presents the results of the updated Preliminary
Economic Assessment (PEA) for the Lamaque Project released in February 2015
(Poirier et al., 2015). The 2015 PEA represents an update of the Companys
previous PEA (March 11, 2014), and incorporates the impact of the Companys
acquisition in September 2014 of the neighbouring Sigma-Lamaque mill and mine
complex.
The 2015 PEA is based on the mineral resource estimate presented in an earlier
report entitled NI 43 101 Technical Report on the Lamaque Property by Geologica
Groupe-Conseil Inc. and GoPointCom Inc., published in November 2013. The 2013
Mineral Resource Estimate is compliant with the Canadian Securities Administrators
National Instrument 43 101 Standards of Disclosure for Mineral Projects (NI 43
101).
The qualified persons (QPs) responsible for the preparation of this Technical Report
are:
Sylvie Poirier, Eng. (OIQ #112196), of InnovExplo;

Laurent Roy, Eng. (OIQ #109779), of InnovExplo;
Tania Ilieva, P. Geo. (APGO#1259, OGQ#272 by special authorization), of
Micon International (Micon);
Daniel Gaudreault, Eng. (OIQ #39834), of Geologica Groupe-Conseil Inc.
(Geologica);
Christian DAmours, P.Geo. (OGQ #226), of GoPointCom Inc.
(GoPointCom);
Marianne Utiger, Eng. (OIQ #121018), of WSP Canada Inc. (WSP);
Stephan Bergeron, P.Geo., M.Eng. (OGQ #787), of Amec Foster Wheeler
Environment & Infrastructure (Amec Foster Wheeler) of Amec Foster
Wheeler Environment & Infrastructure (Amec Foster Wheeler).
The 2013 Mineral Resource Estimate was prepared by Geologica and

GoPointCom. The evaluation of the Sigma-Lamaque Complex was completed by
2015 NI 43-101 Technical Report and Mineral Resource Estimate Update on the Lamaque project
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Micon. The environmental studies and tailing evaluations were completed by Amec
Foster Wheeler. The estimation of the capital and operating cost to refurbish and
operate the Sigma mill was completed by WSP.
Property Description and Ownership
The Lamaque Project is located in the Val-dOr gold camp in the Province of
Qubec, Canada, approximately 550 km northwest of Montral.
The Lamaque
Project is located at approximately 4806' N latitude and 7745' W longitude, to the
east of the city of Val-d'Or in the townships of Bourlamaque and Louvicourt (Fig.
4.2). According to the Canadian National Topographical System (NTS), the project
lies in map sheets 32C/04 and 32C/03, between UTM coordinates 292,130E and
297,140E, and 5,327,680N and 5,334,700N (NAD83 projection, Zone 18N).
The Lamaque Project in Val-dOr, Quebec (Canada), represents the amalgamation
of the Lamaque South property and the Sigma-Lamaque mill and mining complex.
Integras land package covered 3,664.55 ha and included ten (10) mining
concessions (1,946.63 ha), one (1) mining lease (41.58 ha) and 121 claims
(1,658.34 ha).
Integra Gold is 100% owner of the Lamaque South property. Or Integra (Quebec)
inc. (Or Integra), a 100% subsidiary of Integra Gold, is 100% owner of the SigmaLamaque Complex. The Sigma-Lamaque Complex is adjacent to the Lamaque
South property, and comprises three separate properties and certain infrastructure,
as follows:
the Sigma-Lamaque property;

the Aumaque-Union Gold - Audet property;
the Sigma II property;
the Sigma-Lamaque milling facility;
the Sigma tailings facility;
the mining infrastructure of the former Sigma and Lamaque mines.
Geology and Mineralization

The Lamaque Project is located in the eastern end of the Abitibi Greenstone Belt, an
island arc volcanic complex 750 km long by 250 km wide, within the Superior
Province of the Canadian Shield.
The Lamaque mine, also known as the Lamaque No. 2 mine, is located 1.5 km south
of the Bourlamaque Batholith within the Central Pyroclastic Belt of the Val-dOr
Formation, and just north of the Larder LakeCadillac Break. A belt of Timiskaming
sediments lies 4.5 km to the south. The volcanics have been cut by dykes, sills and
several large composite stocks, which range in composition from diorite to
granodiorite (tonalite), and a series of shear zones that are both restricted to the
intrusive rocks and extend through the volcanics. Mineralization consists of gold in
microfractures in quartz-tourmaline-carbonate (QTC) veins, stringers and stockworks
within the intrusive rocks and the shear structures. The gold-bearing structures have
multiple orientations. Late diabase dykes cut the veins in a north-south direction.
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The Sigma mine is located south of the Bourlamaque Batholith within the Central
Pyroclastic Belt of the Val-dOr Formation. The deposit is hosted by an andesite unit
bounded to the north by the north shear, and by volcaniclastic rocks of intermediate
composition to the south. The volcanics have been cut by two generations of premineralization porphyry dykes, sills and a large composite stock that ranges in
composition from diorite to granodiorite, and by a series of shears. Mineralization
consists of gold in QTC veins, stringers and stockworks within the intrusive rocks
and shear structures. The gold-bearing structures are oriented east-west. Late
diabase dykes cut the veins in a north-south direction.
The Lamaque South property is principally underlain by volcanic flows and
volcaniclastic rocks of the Val-dOr Formation, intruded by a variety of intermediate
to mafic plugs, dykes and sills. The northern part of the property is underlain by
lithologies comprising the lower part of the Val-dOr Formation, while the mid to
southern part of the property is underlain by units of the upper Val-dOr Formation.
The extreme southern section of the property, in the vicinity of the airport, is
underlain by mafic volcanic rocks of the Hva Formation.
There are twelve zones of gold mineralization, including six gold deposits with known
resources on the Lamaque South property. They consist of various simple vein
structures, vein complexes and stockwork zones. The twelve zones are as follows:
Parallel Zone;
Fortune Zone;
No. 4 Plug;
No. 5 Plug (including No. 35 Veins);
No. 3 Mine (including No. 1 and 2 veins);
Triangle Zone;
South Triangle Zone;
Mylamaque Zone;
No.4 Vein;
No. 6 Vein;
Sixteen Zone;
Sigma Zone.
The six known gold deposits are grouped into the North, South and West clusters.
The North cluster consists of the Parallel and Fortune zones, but also the exploration
targets known as the No. 5 Plug and No. 3 Mine. The South cluster consists of the
No. 4 Plug, Triangle, and South Triangle zones. The West cluster consists of the
Sixteen Zone and No. 6 Vein.
2015 Mineral Resource Estimate (Lamaque South Property)
The updated 2015 Mineral Resource Estimates for the Parallel (See section 14.2)
and Triangle (See section 14.4) zones of the Lamaque Project, presented herein,
were completed by the author Christian DAmours, P.Geo. (OGQ # 226), of
GoPointCom, using all available results as per the effective date of each zone.
GoPointCom was contracted by Herv Thiboutot, P.Eng., Senior Vice-President of
Integra Gold. The main objective was to publish revised mineral resource estimates
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for the above mentioned zones. This updated resource estimate integrates 45,400 m
of new drilling completed on the two main gold zones at Lamaque South property,
the Triangle (33,000 m) and Parallel (12,400 m) Zones. For further clarity, the 2015
resource updates for the Triangle and Parallel zones were not included and
considered in the current PEA for the Lamaque Project released in February 2015
(Poirier et al., 2015).
The Qualified and Independent Person responsible for the Mineral Resource
Estimate, as defined by NI 43-101, is Christian DAmours, P.Geo (OGQ #226). The
estimate is based on an interpretation performed by Alain-Jean Beauregard, P.Geo.
(OGQ #227), and Daniel Gaudreault, P.Eng. (OIQ #39834), both of Geologica.
This report also presents the results of previous resource estimates for Fortune, No.
4 Plug, No. 6 Vein and Sixteen Zone. These resources estimates were also
performed by Christian DAmours, P.Geo (OGQ #226). These estimates were based
on an interpretation performed by Alain-Jean Beauregard, P.Geo. (OGQ #227), and
Daniel Gaudreault, P.Eng. (OIQ #39834), both of Geologica. These resources
estimates were on SEDAR in the technical reports of Beauregard et al. (2013),
Poirier et al. (2014; 2015).
The result of the
Mineral Resource Estimates with Indicated and Inferred
Resources, incorporating the 2015 resource updates for the Triangle and Parallel
zones, are presented in the tables below. (see Tables 14.1 and14.2).
The mineral resources presented herein are not mineral reserves as they have no
demonstrable economic viability. The result is a Mineral Resource Estimate with
Indicated and Inferred resources for each mineralized zones, modelled for
underground mining.
Total Indicated Resource Estimate by zone using a 3.00 g/t Au cut-off (Table 14.1)
Gold Deposit Name
No. 4 Plug
Metric Tonnes
Grade (g/t Au)
Au Ounces
1,325,100
5.6
237,450
Fortune Zone
125,500
5.8
23,600
Parallel Zone
766,500
7.3
180,750
Triangle Zone
1,957,100
8.3
520,630
389,400
6.4
79,550
91,700
5.2
15,440
4,655,300
7.1
1,057,420
No. 6 Vein
Sixteen Zone
Total Indicated
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Total Inferred Resources Estimate by zone using a 3.00 g/t Au cut-off(Table 14.2)
Gold Deposit Name
No. 4 Plug
Metric Tonnes
Grade (g/t Au)
Au Ounces
0.0
Fortune Zone
252,300
5.6
45,220
Parallel Zone
250,900
10.7
86,460
Triangle Zone
604,700
9.0
174,470
No. 6 Vein
111,600
6.9
24,590
1,800
4.2
250
1,221,300
8.4
330,990
Sixteen Zone
Total Inferred
Mineral Resource Estimate (Sigma-Lamaque mine)

In addition, Integra Gold reassessed the previous resource estimate conducted by
Century on the Sigma-Lamaque Complex audited by Micon. The mineral resource
estimate reported in the August 2011 Technical Report for Century was not updated
for this report and has not been superseded by any other updates. It is considering
the previous review and audit done by Micon in 2011 to be valid for the purpose of
disclosing the Sigma-Lamaque mine resource.
The Mineral Resource Estimate for the Sigma-Lamaque were not included in the
current PEA.
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Mineral resource estimate for the Sigma-Lamaque mine as of June 20, 2011 (Table 14.16) Table extracted from the August 2011 Micon
Technical Report for Century Mining Corporation (Lewis et al., 2011).
Sigma-Lamaque Mine Project Measured and Indicated Resources

Cut-off
Grade
(g/t Au)
2.1
1
1
1
Area
Lamaque
No. 2 Mine
North Wall
Shears
North Wall
Dykes
Sigma
Polygons
Estimation
Methodology
2.1
1
1
1
1
1
1
Area
Lamaque
No. 2 Mine
Lamaque
No. 2 Mine
Lamaque
Main Mine
Cross-Over
North Wall
Shears
North Wall
Dykes
Sigma
Polygons
Tonnes
Grade
Indicated
Ounces
Tonnes
Grade
Total Measured and Indicated

Ounces
Tonnes
Grade
Ounces
Block Model
92,000
6.52
19,000
92,000
6.52
19,000
Block Model
387,000
4.34
54,000
633,000
4.42
90,000
1,020,000
4.39
144,000
Block Model
188,000
2.48
15,000
188,000
2.48
15,000
764,000
6.04
148,000
1,610,000
5.02
260,000
2,374,000
5.35
408,000
1,151,000
5.46
202,000
2,523,000
4.73
384,000
3,674,000
4.96
586,000
Polygonal
Total
Cut-off
Grade
(g/t Au)
Measured
Estimation
Methodology
Block Model
Sigma-Lamaque Mine Project Inferred Resources

Inferred
Tonnes
Grade
Ounces
32,000
5.54
6,000
Polygonal
134,000
6.03
26,000
Polygonal
672,000
6.57
142,000
Block model
749,000
11.04
266,000
Block Model
364,000
5.13
60,000
Block Model
434,000
5.45
76,000
Polygonal
6,774,000
5.86
1,277,000
Total
9,159,000
6.29
1,853,000
Notes: Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. There is no certainty that all or any part of the estimated Mineral
Resources will be converted into Mineral Reserves. Mineral Resources tonnage and contained metal have been rounded to reflect the accuracy of the estimate, and
numbers may not add up due to rounding. For 19,000 ounces in the indicated category and for 6,000 ounces in the inferred category for Lamaque No2 Mine the cut off
grade was 2.1 g/t; for the rest of the resource estimate the cut-off grade is 1 g/t gold.
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Mining
The updated PEA was prepared as an underground mining project based solely on
the mineral resources reported by the issuer on September 25, 2013. The majority of
the gold mineralization is hosted within two deposits, the Triangle Zone and the
Parallel Zone, located approximately 2 km apart. Secondary mineralized zones
included within the PEA are the No. 4 Plug, which would be accessed via
underground infrastructure from the Triangle Zone (South Zones), and the Fortune
Zone, which would be accessed via the Parallel Zone (North Zones) infrastructure.
Mineralization at the Lamaque Project would be accessed via two separate ramps.
In the proposed development plan, the Triangle Zone and No. 4 Plug would be
accessed by way of a ramp (the South Zones), or decline, from surface which would
be collared approximately 450 m west of the Triangle Zone limit.
Access to the Parallel Zone will be achieved through the completion of a 700 m
lateral ramp (the North Zones) starting from the existing Sigma underground
workings. The existing underground workings are 4.25 m by 4.25 m and are
accessed by a fully serviced portal, including ventilation, power and water services,
with the entrance in the southeast wall of the Sigma pit. The starting point of the
ramp to the Parallel Zone is located underground, approximately 200 m from the
portal entry-way in the pit.
The mining plan for the Lamaque Project calls for a combination of conventional and
mechanized mining. Two mining methods are proposed based on vein geometry of
the four deposits: long-hole and room and pillar. The approach in this study has been
to force the application of long-hole mining where applicable. Waste material
generated from drift development will be used to backfill part of the long-hole open
stopes.
The project will use the existing surface and underground infrastructure, mill and
tailings facility of the Sigma site. The Sigma site will be the base for operations and
for the mining of the Parallel and Fortune Zones. The South Zones will be serviced
with independent infrastructure to operate and the mineralized material will be
transported to the Sigma Mill.
For the Parallel, Fortune and Triangle zones, a cut-off grade of 4.0 g/t was applied to
sectors amenable to the long-hole mining method, and a cut-off grade of 4.5 g/t to
sectors amenable to the room and pillar mining method. Small satellite veins were
eliminated when located too far from principal points of access. A surface pillar of
approximately 25 m from surface bedrock was considered. For No. 4 Plug, Franois
Chabot of Integra Gold delineated stopes in higher grade areas based on resource
blocks calculated by GoPointCom, and provided the information to InnovExplo.
Table 16.1 presents the resources potentially amenable to mining that were used to
prepare the preliminary mining plan for the Lamaque Project.
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Mineral inventory for PEA (Table 16.3)

Gold Deposit Name
No. 4 Plug
Fortune Zone
Parallel Zone
Triangle Zone
Total
Tonnes
(metric tons)
1,325,100
377,800
947,300
932,000
3,582,200
Grade
(grams per tonne)
5.6
5.7
9.7
11.0
8.1
Ounces
237,450
68,820
295,620
328,270
930,160
A mine recovery factor of 85% has been considered in this study for room and pillar
stopes because high-grade portions of the pillars will be recovered. Typical
room and pillar stopes will have a minimum height of 2m and an external dilution of
5% (at 0.0 g/t Au).
For long-hole stopes, an average dilution factor of 20% (at 0.0 g/t Au) has been
applied when stopes thickness is greater than 3 m, and a 35% dilution factor was
applied to stopes less than 3 m.
However, in the No. 4 Plug, the stopes are thicker and more vertical; in this sector, a
15% dilution factor (at 0.0 g/t Au) was applied with a planned mining recovery factor
of 90%.
The preliminary conceptual mine plan has a production period of 4.5 years, and a
pre-production period of 1.5 years. Once mining operations are completed, 1 year
will be required to complete the mine closure work. The average annual production
after the pre-production stage is 442,400 t at a diluted grade (or head grade) of
8.24 g/t Au, for 109,740 gold ounces recovered (average recovery of 92.1%).
The planned production is 2.1 Mt of resources at a diluted grade of 8.24 g/t Au,
representing 511,600 ounces of recovered gold.
Metallurgy
Three series of laboratory testwork campaigns were carried out with samples of the
Lamaque deposit (refer to section 13 for report citations). The first two series were
conducted on low-, average- and high-grade North and South composites. The
third series was conducted on four composites, one for each zone: Parallel and
Fortune (North Zones), Triangle and No. 4 Plug (South Zones).
In the first series of tests, chemical assays, mineral analyses via QEMSCAN and a
gold Trace Mineral Search (TMS) were conducted. The individual composite sample
gold assays ranged from 3 to 15 g/t Au. The sulphur content of the samples ranged
from 1 to 2%. Sulphur was present primarily as pyrite with traces of chalcopyrite. The
assays showed a 1 to 2% carbon content, but only a very small portion of it is
present in organic form. The TMS showed that some of the gold is present as
inclusions within the sulfide minerals, and this portion was greater for the South
composite than for the North composite.
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The Bond ball mill work index was measured, and results ranged from 13.8 to 14.9
kWh/t.
Gravity concentration, flotation and leach tests were conducted. Depending on the
test conditions, the total gold recovery obtained through gravity concentration and
leaching of gravity tailings ranged from 79 to 92% for the South composites, and
from 93 to 98% for the North composites. In both cases, recovery increased with
both the fineness of grind and retention time. Diagnostic leaching of tailings showed
that part of the gold present in the South composite samples was not in a leachable
form (gold was locked in the sulphide matrix and gangue minerals).
Rougher sulfide flotation followed by regrinding of the flotation concentrate to a K80
of 7 m, intensive leach of the concentrate and cyanide leach of the tailings was also
tested on the South composites. More than 12 % of the gold content of the feed
ended up in the flotation tailings. Therefore, leaching these tailings increased the
overall gold recovery, which ranged from 90 to 96% depending on sample and
flotation grind size.
In the third series of laboratory testwork, four flowsheets were tested at a grind size
of 75 m: gravity and carbon in leach (CIL), whole ore cyanidation, CIL, and flotation
with cyanidation of concentrate and tailings. Overall gold recoveries from the first
three flowsheets were comparable. With these flowsheets, gold recoveries from the
Parallel, Triangle and Fortune composites ranged from 93 to 98%, and recovery for
the No. 4 Plug composite varied from 83 to 88%. Flowsheet 4, using flotation,
showed lower recoveries compared to the other three.
Milling
Custom milling was considered in the previous PEA (Technical Report and
Preliminary Economic Assessment for the Lamaque Project, Integra Gold Corp.,
April 25, 2014). In October 2014, Integra Gold acquired the Sigma-Lamaque mining
and milling facility. This version of the PEA is thus based on the use of the Sigma
mill at an average production rate of 450,000 tonnes per year (tpa).
The Sigma mill is composed of crushing, grinding, gravity concentration, leach and
carbon-in-pulp (CIP) circuits. The crushing circuit includes a jaw crusher, cone
crusher and screen. Grinding would be accomplished by a rod mill and a ball mill in
closed circuit with cyclones to a grind size of 75 m. The gravity circuit uses a
Knelson concentrator and shaking table. All five leach tanks would be used and five
CIP tanks would be refurbished for a combined residence time of approximately 72
hours. Tailings would go through cyanide destruction prior to being sent to the
tailings pond.
Based on testwork results obtained so far and a 72-hour residence time (refer to
sections 13 and 17.2 for details and report citation), the following recoveries have
been estimated.
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Expected Recoveries (Table 17.1)

Expected Gold Recovery (%)
Zone
Gravity
Leach
Total
Parallel
47.6
49.8
97.4
Fortune
26.8
69.3
96.1
Triangle
17.6
74.9
92.5
No. 4 Plug
13.7
73.4
87.1
Tailings impoundment area
The tailings facility that is considered to be used has already been constructed on
the Sigma-Lamaque mining complex, and only minor upgrades are required prior to
its use for tailings storage by the Company. The Sigma tailings impoundment area is
made up of four cells. Currently, two cells out of four are full. Upgrades will be
required to increase the tailings pond capacity.
There is sufficient capacity in the remaining two cells for approximately 1.25 years of
tailings storage without requiring further raising or expansion of the tailings
impoundment based on several deposition scenarios developed by Amec Foster
Wheeler. An estimated 3.3 years of life can be added to the tailings impoundment by
raising two cells using tailings as done in the past over the life of mine while
managing water as per Directive 019. This assessment used different
data/assumptions summarized in Section 20.4.
A geotechnical investigation is required considering the lack of recent geotechnical
data and to perform stability, seepage, and settlement analyses to confirm baseline
data and establish design criteria.
Environment
Federal Regulations and Permitting: As a result of the Companys acquisition of the

Sigma-Lamaque mining complex, the Federal regulators and the Canadian
Environmental Assessment Agency is considering the Project as an extension of
the Sigma property rather than a new application. As a result, the Company will
apply for an amendment to the Environmental Impact Study previously conducted
for the Sigma mine and thus will not be required to conduct a new Federal
Environmental Impact Study.
The federal Fisheries Act has been amended and came into force on November
25, 2013. The waters located on the Lamaque Project do not directly support a
commercial, recreational or Aboriginal fishery, nor do the fish species indicated
during the baseline survey performed on the Lamaque South property contribute to
the ongoing productivity of such a fishery. Therefore, the fishery and habitat
protection aspects of the amended federal Fisheries Act will not apply to this
Project.
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Environmental Effects Monitoring (EEM) studies, as required as part of Schedule 5

of the Metal Mining Effluent Regulations (MMER) under the Fisheries Act of
Canada, were conducted in 2004, 2007 and 2012 at Sigma-Lamaque mining
complex by Century Mining Corporation, the former owner. In the future,
compliance with sampling frequencies of effluent, surface water, and sub-lethal
toxicity testing as specified in Schedule 5 of the MMER will be maintained by
Integra Gold.
Provincial Regulations and Permitting: The Environment Quality Act (EQA) of
Qubec is divided into two chapters. Chapter I sets out provisions of general
application while Chapter II outlines the particular provisions of James Bay and
Northern Qubec covered by the James Bay and Northern Qubec Agreement. The
Lamaque Project is located south of the James Bay territory so that only Chapter I is
of interest for the Project.
The main articles of Chapter I of the EQA associated with obtaining environmental
certificates of authorization or authorizations are articles 22 (general case), article
31.1 (environmental impact assessment studies), article 32 (drinking water and
domestic wastewater), and article 48 (atmospheric emissions). As well, now that
the overall Project encompasses the Sigma-Lamaque mining complex (a
processing plant comprising a waste rock storage area, a tailings impoundment
area and associated water treatment facility), the Company will be subject to a depollution attestation under article 31.11 of the EQA.
The Project is subject to Section 22 of the Qubec EQA for the operation of a mine.
The application to the MDDELCC for this CofA will be accompanied by sufficiently
comprehensive studies to address the requirements of Directive 019 applicable to
the Mining Industry.
In addition, the Company is planning to obtain other permits, authorizations,
approvals and leases from both the Ministry of Natural Resources (MERN) and
the MDDELCC for various components of the overall Project development work, as
required. These applications will be submitted as part of the ongoing process of
developing the site and should therefore not impact the Project critical path
schedule.
A mining lease cannot be granted before a restoration and rehabilitation plan is
approved by the MERN and a CofA is issued in accordance with the EQA.
However, approximately 80% of the Companys Lamaque Project (including the
Parallel and Fortune Zones) and 100% of the land recently acquired through the
acquisition of Sigma-Lamaque mining complex are already mining leases, not
exploration claims and therefore do not need to be converted into leases.
Capital and Operating Cost
Capital costs
The pre-production costs are estimated at $61.9M, net of production revenue

received during Q1Q2 of the second year of the preproduction period ($23.3M)
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(Table 21.1). The mill and tailings facilities have already been constructed and will be
refurbished
Pre-production capital costs include surface infrastructure (site preparation, roads,
electric and water lines), refurbishment of existing buildings for offices at the Sigma
site, surface infrastructure at the South Zones (including a new dry building and a
garage), mobile equipment, development and capitalized operating costs, owner
costs (closure costs in line with required financial guarantees, company staff and
indirect costs). These costs are summarized in Tables 21.1 to 21.5.
Pre-production capital costs are minimal given that there is no need to build a new
processing and tailings facility, and that mineralization is close to surface.
Additionally, in the case of the Parallel Zone, mineralization is easily accessible by
way of existing underground workings at Sigma, further reducing the need for new
infrastructure.
Pre-production is anticipated to take place over an 18-month period with the majority
of capital expenditures attributed to ramp development, mill refurbishment, tailings
expansion, development of mineralized zones, and mining at the proposed mining
rate and mill throughput.
Capital cost estimate (Table 21.1)
Description
Surface infrastructure*
Mining infrastructure *
Mobile equipment **
Develop. & capitalized operating costs **
Mill refurbishment***
Tailings
Owners costs
Salvage value
Closure cost
Offsetting capitalized revenue
Total
Pre-production
Sustaining
Total
6.7 M$
7.6 M$
11.7 M$
38.9 M$
6.5 M$
1.0 M$
12.7 M$
2.0 M$
5.0 M$
19.1 M$
63.2 M$
2.8 M$
1.8 M$
8.7 M$
12.6 M$
30.8 M$
102.1 M$
9.4 M$
2.8 M$
12.7 M$
(10.1) M$
5.2 M$
(23.3) M$
(10.1) M$
5.2 M$
(23.3) M$
61.9 M$
89.0 M$
150.9 M$
* contingency 20%, ** contingency 10%, *** contingency 30% including structural and roof repairs
Integra Gold is also studying a scenario that would involve delaying the development
of the South Zones by 12 to 18 months in order to reduce up-front capital cost
requirements and use cash flow from the North Zones to fund development of the
South Zones.
Operating costs
Operating costs are estimated in 2014 Canadian dollars with no allowance for
escalation. The total operating cost and average unit operating costs are
summarized in Table 21.7. The overall unit operating cost is $132.60 per tonne of
milled ore.
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Operating costs are summarized below for the production period.
Summary of total operating costs (Table 21.7)

Description
Total cost
(Year 2Q3 to Year 7)
($/t)
Unit cost
($/oz)
Definition drilling
Stope development
Mining cost
Integra Gold staff
Energy cost
Milling and transportation
Environment
11.9 M$
26.5 M$
115.1 M$
39.5 M$
12.5 M$
54.4 M$
3.9 M$
6.0
13.3
57.8
19.8
6.3
27.3
2.0
24.2
53.7
233.2
79.9
25.3
110.2
8.0
Total
263.9 M$
132.6
534.4
Financial Analysis
An after-tax model was developed for the Lamaque Project. All costs are in 2014
Canadian dollars with no allowance for inflation or escalation.
The Lamaque Project is subject to the following taxes:
Qubec mining tax rate of 16% (2014 rate);

Income tax rate of 26.9% (federal and provincial).
The Lamaque Property is subject to a royalty in favour of Teck, equal to 2% of NSR.

Also, the buyout of 1% of the NSR for $2 million is included in the economic model.
The economic evaluation was performed using the Internal Rate of Return (IRR) and
the Net Present Value (NPV) methods. The IRR on an investment is defined as the
rate of interest earned on the unrecovered balance of an investment. The discount
rate makes the NPV of all cash flows equal to zero. The NPV method converts all
cash flows for investments and revenues occurring throughout the planning horizon
of a project to an equivalent single sum at present time at a specific discount rate.
The discount rate used in the analysis is 5%. According to the NPV method, a
positive NPV represents a profitable investment where the initial investment plus any
financing interest are recovered.
This Preliminary Economic Assessment (PEA) is preliminary in nature as it includes
inferred mineral resources that are too speculative geologically to have economic
considerations applied to them that would enable them to be categorized as mineral
reserves, and there is no certainty that the PEA will be realized.
The following parameters were considered in the financial analysis (Table 22.1):
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An average gold price of $US1,175 per ounce, and an exchange rate of

1.14CAD/1USD.
Milling recovery:
o
o
o
o
o
Parallel Zone: 97.4%;

Fortune Zone: 96.1%;
Triangle Zone: 92.5%;
No. 4 Plug Zone: 87.1% ;
Resulting in an average recovery of 93.7% for the entire Project.
Royal Mint fees of $3 per ounce.

Royalty of 2% of Net Profit for preproduction, a payment of $2 million, and a
royalty payment of 1% of Net Profit for the production period.
Resources as presented in item 14.
Future annual cash flow estimates based on grade, gold recoveries and cost
estimates as previously discussed in this Report.
The resulting main parameters and cash flow analysis are presented in Table 22.1.
The economic analysis for the Lamaque Project is presented in Table 22.2.
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Cash flow analysis summary (Table 22.1)

Parameters
Gold price (US$/ounce):
Foreign exchange rate (CAD/USD):
Gold price (CA$/ounce):
Results
1,175
1.14
1,340
Average annual gold production (ounces/year):
109,900
Peak annual gold production (ounces)
141,600
Preproduction capital costs (CA$)
61.9 M
LOM sustaining capital (CA$)
89.0 M
Preproduction period (years)
1.5
Mine life (years)
4.5
Total cash cost per gold ounce (CA$/oz)
551
All-in sustaining cost per gold ounce (CA$/oz)
731
All-in cost (including pre-production capital)
873
PRE-TAX
Life-of-mine NPV at 5% discount rate (CA$)
Internal rate of return (IRR)
Payback period (years)
184,3 M
77%
1.3
AFTER-TAX
IRR after-tax (%)
113.5 M
59%
1.6
* Total Cash Cost: Direct mining cost, refining and royalties

** All-in sustaining cost: Direct mining cost, refining, royalties, sustaining capital, reclamation and salvage
*** All-in cost: Direct mining cost, refining, royalties, preproduction and sustaining capital, reclamation and salvage
Opportunities & Risks

Opportunities to improve the Lamaque Project economics include the following:
Resource Expansion:
Production outlined in the PEA is limited to a vertical depth of 620 m at the

Triangle Zone. 2013 and 2014 drill programs intersected multiple high-grade
zones below this level, to vertical depths of up to 1,000 m. The Triangle Zone
also remains open to the south, east and west.
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The PEA is based on a mineral resource database cut-off date of April 24,
2013 and does not include subsequent drilling (either infill or expansion) of
approximately 39,235 m that was completed by February 2015. Another
phase of drilling (8 rigs) is currently underway, and this is also not included in
the PEA.
Production does not include any material being mined from the recently
acquired Sigma property. Further work is required to identify resources and
develop an economic mining scenario. Any additional ounces defined as a
result of this work will be in addition to the current production profile as milling
capacity is not a bottleneck on production.
The PEA does not include resources from the No. 6 Vein or the Sixteen
Zone. A drilling program is currently underway (2015 2 rigs) at No. 6 Vein
and this is not included in the PEA.
Significant mineralization has been identified at the No. 3 Mine and the No. 5
Plug targets. Integra Gold expects to have resource estimates completed for
those zones during 2015. Should a resource be defined at these targets, they
could be potentially mined from the North Zones infrastructure.
Metallurgy
Further metallurgical testwork can be conducted to investigate the potential

for improvement in gold recoveries for the Triangle and No. 4 Plug zones.
Previous testwork has shown that finer grinding would likely improve
recoveries. The economic impact of refurbishing the plants second ball mill
could thus be evaluated.
Reduction of Pre-Production Capital Expenditures
Integra Gold is developing a scenario internally which would involve delaying

the development of the South Zones by 12 to 18 months in order to reduce
up-front capital cost requirements and use cash flow from the North Zones to
fund development of the South Zones.
The potential to use contract mining in order to reduce up-front capital
requirements.
Evaluate different scenarios for mobile equipment purchase to lower capital
costs.
Mine Plan Optimization
Underground design optimization will be undertaken with a view to reduce

capital requirements and to control / minimize dilution and optimize mineral
recoveries, including the evaluation of alternative mining methods to lower
the proportion of room and pillar stope mining.
Risks Requiring Mitigation Strategies:
Management of construction-engineering and procurement schedules, costs,

and cost containment.
Operating risks related to the recruitment and the training and performance of
the underground workforce, specifically room-and-pillar miners.
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Permitting risks.
Crown pillar thickness and stability evaluation through geo-mechanics
characterization and stability analysis.
Possibilities that the population does not accept the mining project.
Recommendations
The results from this PEA study demonstrate that the Lamaque Project is technically
and economically viable and InnovExplo recommends that Integra Gold continue to
advance the project toward prefeasibility. InnovExplo along with its collaborators in
the study recommends proceeding with the following steps in the continued
development of the Lamaque Project.
1) Incorporate all new drilling into a global project resource estimate
Update mineral resource estimate on all deposits included in the PEA, those
contained at No. 6 Vein (including new drilling being perfomed in 2015), and
complete a maiden mineral estimate for new zones identified, including the No. 5
Plug and No. 3 Mine. Following on from this, we would subsequently evaluate the
impact of these revised resource estimates on the project economics.
The following table presents the actual database cut-off dates for the various zones
of the Lamaque Project where a mineral resource estimate is already in place:
Actual cut-off dates for the various zones of the Lamaque Project during the 2015
PEA study (Table 26.1)
Zone
Parallel Zone
Fortune Zone
No. 4 Plug
Triangle Zone
Vein Sixteen
Vein No 6
Database Cut-Off Date

April 15, 2014
November 8, 2012
March 19, 2013
October 11, 2014
November 18, 2013
August 17, 2012
2) Complete a Prefeasibility Study

A PFS should be completed on the project once an updated mineral resource
estimate has been completed for all known zones.
This study should include:
Integrate results from technical studies completed in 2014:

o
o
o
Hydrogeology study;
Rock mass characterization and stope design;
Crown pillar stability analysis;
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Revised mining plan using new resources;

Trade-off analysis;
o
o
o
Engineering for surface installation;

Engineering for electricity and mechanics installation;
Engineering for water management ;
A fourth phase metallurgical study in order to further improve gold
recoveries for the Triangle and Plug 4 zones, and to confirm data for
all zones:
o
o
Measure rod mill, ball mill and abrasion work indexes to better
estimate power and grinding media consumption;
Conduct metallurgical tests in line with the Sigma mill
flowsheet (gravity concentration followed by cyanidation of
gravity tails) to confirm reagent consumptions;
Conduct metallurgical tests at a finer grind to determine
recoveries that could be obtained by refurbishing the 2nd ball
mill.
Conduct further diagnostic testing (via QEMSCAN or other) to
determine the nature of the unleached gold.
A more detailed inspection of Sigma plant to better evaluate mill

refurbishing costs;
A trade-off study to evaluate whether refurbishing Sigma plants third
mill to obtain a finer grind and thus improve recoveries would be
economically advantageous;
Based on the further tests to confirm/infirm the acid generating nature
of the minerals, in case the acid generating nature is confirmed:
o
o
Energy alternative for ore and waste handling;

Deep access to the ore body for Triangle and P4 zones.
Energy alternatives for underground air heating;
Develop milling strategies to recover the sulfides;

Conduct corresponding metallurgical tests to determine the
expected recoveries;
Evaluate capital and operating costs related to these milling
processes.
Re-scheduling development of the 2 ramps to limit capital

requirement;
Updated economic evaluation of capital expenditures and operating
costs.
3) Continue exploration and definition drilling at the Lamaque Project

The ongoing 2015 drilling program is to include a minimum of 50,000 m of drilling
focusing on expanding the overall resource base by:
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continuing to expand the Triangle mineralized zones which are open

laterally and at depth;
completing a definition drill program on the No. 5 Plug and No. 3 Mine
targets for which no mineral resource estimates have been
completed;
completing a complementary drill program at No. 6 Vein to upgrade
and possibly increase the actual resource base;
performing exploration drilling on promising geophysical and
geological targets throughout the property.
4) Initiation of exploration work at Sigma-Lamaque

The Company initiated a review of the mineral resources and targets at Sigma in late
2014 with the goal of identifying areas where resources could be rapidly defined in
proximity to existing or proposed infrastructure. This evaluation is expected to be
completed during 2015 with drilling proposals to follow thereafter. Also, the proposed
work is expected to include structural and drill hole data interpretation, resource
estimation and re-classification into resources and/or reserves at a higher cut-off
grade.
5) Finalize the consultation and permitting initiatives
Further work is required to ensure all permits are in place for future development and
production. In addition to permitting, ongoing consultation work will be required with
the various stakeholders of the project.
Permitting initiatives
Complete CA transfer from the former Sigma operator (60%

completed);
Submit the CA documentation for the new operation (60% completed)
No Environmental Impact Study is required from provincial or federal
authorities;
A mining lease is required for Triangle zone and documentation will
required to submit a feasibility study
A reclamation & restoration plan for the South Zones and the Sigma
site will be required as related to future financial guarantees.
Information and consultation initiatives
Finalize the consultation process with stakeholders (85% completed)

Initiate a follow up committee with stakeholders
Continue regular information meetings with stakeholders and the local
community
6) Commence an underground exploration program to generate a bulk sample at the

Parallel Zone
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An underground exploration program should be initiated using existing Sigma

infrastructure. A twelve month program could generate a bulk sample from the core
of the deposit and provide an efficient base from which to conduct definition drilling.
Using contractor cost estimates prepared in November 2014 and the PEA fixed
costs, the proposed exploration program is estimated at C$16.2M and is expected to
generate C$7M in revenue from gold production.
Proposed Exploration Program Cost Estimate (Table 26.2)

Activity
Sigma Site Improvement
Integra Corporate Expenses
(Staff Costs, Materials, Energy)
Contractor Costs
Transport & Milling
Total Estimated Cost
Total Estimated Revenue*
Cost (C$ M)
C$1.3
C$6.4
C$7.5
C$1.0
C$16.2
C$7.0
7) Plan and perform a geotechnical investigation for the Sigma tailings impoundment
The program presented in this PEA Study will allow the Company to operate their
tailings impoundment for current estimated life of mine. This will be achieved by
raising B-2, and B-9 and incorporating the east to west deposition and water
management strategies. The limitations of this preliminary cost assessment related
to the increase of the tailings pond capacity and costs related to operational planning
are:
Lack of recent geotechnical data;
Lack of bathymetry data.
Furthermore, in order to advance the preliminary economic assessment to the next
stage, the following activities should be considered:
Plan and perform a geotechnical investigation for the tailings

impoundment;
Following the geotechnical investigation, perform stability, seepage,
and settlement analyses to confirm baseline data and establish
design criteria;
Update the site water balance to ensure compliance with Directive
019 and the water treatment strategy and evaluate if any subsequent
pond raises are required;
Update the cost estimate and execution schedule following the
geotechnical investigation and engineering phases.
To complete the proposed work program to advance the project, InnovExplo and its
collaborators estimates that a budget of approximately $25.52M is required as
presented in the following table.
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Proposed work program and budget (Table 26.3)

Item
Complete a phase IV Metallurgy Study
6) Commence an underground exploration program to generate a bulk
sample at the Parallel Zone (Revenue of 7.0M$ not considered)
7) Perform a geotechnical investigation and engineering study for the
Sigma Tailings impoundment
Total
Cost
500,000$
1,100,000$
150,000$
6,000,000$
1,000,000$
400,000$
16,200,000$
165,000$
25,515,000$
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2.
INTRODUCTION
At the request of Integra Gold Corp. (Integra Gold, the issuer or the Company),
InnovExplo has been retained to prepare a Technical Report (the Report) for the
Lamaque Project (the Project) in accordance with National Instrument 43-101 and
Form 43 101F1. The report presents the results of an updated mineral resource
estimates on the project for the Parallel and Triangle Zones. The 2015 Mineral
Resource Estimate was completed by Geologica and GoPointCom. InnovExplo is
an independent mining and exploration consulting firm based in Val-dOr (Qubec).
Integra Gold is a Canadian mineral exploration company trading publicly on the TSX
Venture Exchange in Canada (TSXV: ICG). The Company was incorporated under
the name "Kalahari Resources Inc." on July 2, 1986, in the Province of British
Columbia, Canada, by registration of its Memorandum and Articles. On December
29, 2010, the Company changed its name to Integra Gold Corp.
The Lamaque Project in Val-dOr, Quebec (Canada), represents the amalgamation
of the Lamaque South property and the Sigma-Lamaque mill and mining complex.
Integra Gold is 100% owner of the Lamaque South property.
Or Integra (Quebec) inc. (Or Integra), a 100% subsidiary of Integra Gold, is 100%
owner of the Sigma-Lamaque Complex. The Sigma-Lamaque Complex is adjacent
to the Lamaque South property, and comprises three separate properties and certain
infrastructure, as follows:
the Sigma-Lamaque property;

the Aumaque-Union Gold - Audet property;
the Sigma II property;
the Sigma-Lamaque milling facility;
the Sigma tailings facility;
the mining infrastructure of the former Sigma and Lamaque mines.
This report also refers to and presents the results of the updated Preliminary
Economic Assessment (PEA) for the Lamaque Project released in February 2015
(Poirier et al., 2015). The PEA represents an update of the Companys previous PEA
(March 11, 2014), and incorporates the impact of the Companys acquisition in
September 2014 of the neighbouring Sigma-Lamaque mill and mine complex. The
PEA was prepared by InnovExplo using the mineral resource estimate presented in
an earlier report entitled NI 43-101 Technical Report on the Lamaque Property by
Geologica Groupe-Conseil Inc. and GoPointCom Inc., published in November
2013. The 2013 Mineral Resource Estimate is compliant with the Canadian
Securities Administrators National Instrument 43-101 Standards of Disclosure for
Mineral Projects (NI 43-101).
2.1.
Terms of Reference and Scope of Work

This technical report was prepared by InnovExplo for the purpose of providing an
updated mineral resource estimate for the Lamaque Project. The updated resource
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estimate integrates 45,400 m of new drilling completed on the two main gold zones
at Lamaque South, the Triangle (33,000 m) and Parallel (12,400 m) Zones.
Some of the Lamaque Project information and results presented herein were taken
from the 2015 PEA presented in the NI 43-101 compliant report prepared by
InnovExplo and released in February 2015 (Poirier et al., 2015). This information
has not been modified in any way.
2.2.
Principal Sources of Information

The assessment of the Lamaque Project was based on published material, as well
as the data, professional opinions and unpublished material submitted by Integra
Gold or that requested by InnovExplo or other consultants to complete the study.
In addition, InnovExplo collaborated with Integra Gold to estimate costs using quotes
from contractors and suppliers, as well as data provided in the 2013 volume of
Mining Cost Service (with a subscription to Cost Data Update Services), which is
published by CostMine, a division of InfoMine USA Inc. The claim and mineral
licence information was downloaded on January 9, 2015 from the website of
Qubecs Ministry of Natural Resources (MRN: Ministre des Ressources
Naturelles) at the following address: https://gestim.mines.gouv.qc.ca.
Other sources of information used in this report are listed in the references or
elsewhere in the text of the report.
InnovExplo and the other participating consultants conducted a review and appraisal
of the information used to prepare the Report and to formulate its conclusions and
recommendations, and believes that such information is valid and appropriate
considering the status of the Project and the purpose for which the Report is
prepared. The authors have fully researched and documented the conclusions and
recommendations made in the Report.
The consultants do not have and have not previously had any material interest in
Integra Gold or related entities. The relationship with Integra Gold is solely a
professional association between the client and the independent consultants. This
Report was prepared in return for fees based upon agreed commercial rates, and the
payment of these fees is in no way contingent on the results of this report.
2.3.
Qualified Persons and Inspection on the Property

This technical report has been prepared by InnovExplo. The 2015 Mineral Resource
Estimate was prepared by Geologica and GoPointCom and completed by the
author Christian DAmours, P.Geo., of GoPointCom.
The qualified persons (QPs) responsible for the preparation of this Technical Report
are:
Sylvie Poirier, Eng. (OIQ #112196), of InnovExplo;

Laurent Roy, Eng. (OIQ #109779), of InnovExplo;
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Tania Ilieva, P. Geo. (APGO#1259, OGQ#272 by special authorization), of

Micon International (Micon);
Daniel Gaudreault, Eng. (OIQ #39834), of Geologica Groupe-Conseil Inc.
(Geologica);
Christian DAmours, P.Geo. (OGQ #226), of GoPointCom Inc.
(GoPointCom);
Marianne Utiger, Eng. (OIQ #121018), of WSP Canada Inc. (WSP);
Stephan Bergeron, P.Geo., M.Eng. (OGQ #787), of AMEC Foster Wheeler
Environment & Infrastructure (Amec Foster Wheeler).
The 2015 PEA of the Lamaque Project was under the direct supervision of Herv
Thiboutot, Eng., P.Geo., Executive and Corporate Vice-President of Integra Gold
Corp. and Franois Chabot Eng, Operation and Engineering Manager of the
company. Both Mr Thiboutot and Mr. Chabot are qualified persons as defined by
National Instrument 43-1-01.
Technical support was provided by Bruno Turcotte, P.Geo., of InnovExplo, to
validate the compliance of the Report with NI 43-101 and Form 43-101F.
InnovExplo wishes to acknowledge the diligent and professional assistance of
Geologica and GoPointCom, Micon, WSP and Ames Foster Wheeler for this
project.
The list below presents the sections for which each QP was responsible:
Laurent Roy: author of section 16; co-author of sections 1, 18 and 25 to 27;

Sylvie Poirier: responsible for supervising the assembling of the report,
author of sections 2, 3, 15, 19, 21 (except 21.1.4, 21.1.6 and 21.2.6,), 22 and
24; co-author of sections 1, 18, 21 and 25 to 27.;
Daniel Gaudreault: author of sections 9.2, 10.2, 11.2 and 12.2; co-author of
sections 1, 4 to 7, 9 to 12 and 25 to 27;
Tania Ilieva: author of sections 8, 9.1, 10.1, 11.1, 12.1, and 23; co-author of
sections 1, 4 to 7, 9 to 12 , 14, 23 and 25 to 27;
Christian DAmours: co-author of sections 1, 14 and 25 to 27;
Stephan Bergeron: author of section 20 and 21.1.5; co-author of sections 1,
18, 21 and 25 to 27;
Marianne Utiger: author of sections 13, 17, 21.1.4 and 21.2.6; co-author of
sections 1, 21 and 25 to 27.
The following QPs visited the Lamaque project at various dates for the purposes of
the Project:
Sylvie Poirier of InnovExplo, visited the the Sigma-Lamaque property on

November 26, 2014, accompanied by Franois Chabot of Integra Gold;
Marianne Utiger of WSP, visited the Sigma Mill on October 28, 2014,
accompanied by Gabriel Belley of WSP and Robert Marcoux of Integra Gold.
For the mechanical inspection of the plant, Marianne Utiger relied upon
Gabriel Belley, senior mechanical technician, with 35 years of experience in
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2.4.
mineral processing in both operations and projects, who visited the plant from
February 18 to 27, 2014 and on a few additional days in May, June and
November 2014.
Tania Ilieva of Micon visited the Lamaque Project site from May 8 to May 10,
2013;
Daniel Gaudreault of Geologica visited and supervised the diamond drilling
programs on the southern part of the Lamaque Project (the South Lamaque
property) since 2009.
Note Regarding the 2015 Preliminary Economic Assessment

Preliminary Economic Assessment (PEA) means a study, other than a Preliminary
Feasibility Study or Feasibility Study, which includes an economic analysis of the
potential viability of mineral resources. PEA is defined only in NI 43-101, not in the
CIM definition standards. A PEA is preliminary in nature; it includes inferred mineral
resources that are considered too speculative geologically to have the economic
reserves, and there is no certainty that the preliminary economic assessment will be
realized. A PEA uses the concept of mineral resources within a conceptual mine
plan or mineral resources within a PEA design plan. If an issuer can qualify
mineral reserves or make a production decision based on the PEA, it may be
misleading to call it a PEA. A mineral reserve is the economically mineable part of a
measured or indicated mineral resource demonstrated by at least a Preliminary
Feasibility Study. The results of a Feasibility Study may reasonably serve as the
basis for a final decision by a proponent or financial institution to proceed with, or
finance, the development of a project.
2.5.
Units and Currencies

All currency amounts are stated in Canadian Dollars ($, C$, CAD) or US dollars
(US$, USD). Quantities are stated in metric units, as per standard Canadian and
international practice, including metric tons (tonnes, t) and kilograms (kg) for weight,
kilometres (km) or metres (m) for distance, hectares (ha) for area, and grams (g) or
grams per metric ton (g/t) for gold grades. Wherever applicable, imperial units have
been converted to the International System of Units (SI units) for consistency. A list
of abbreviations used in the Report is provided in Appendix I.
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3.
RELIANCE ON OTHER EXPERTS

The authors, qualified and independent persons as defined by NI 43-101, were
contracted by the issuer to study technical documentation relevant to the Report, to
perform a PEA study on the Lamaque Project, and to recommend a work program if
warranted.
The authors relied on reports and opinions as follows for information that is not within
the authors fields of expertise:
The land tenure was verified on January 9, 2015 on the website of Qubecs
Ministry of Natural Resources (MRN: Ministre des Ressources Naturelles) at
the following address: https://gestim.mines.gouv.qc.ca. Additional information
about the mining titles and option agreements was supplied by Geologica.
InnovExplo is not qualified to express any legal opinion with respect to
property titles or current ownership and possible litigation.
Golder Associates Ltd (Golder) was retained by Integra Gold to provide
professional services with respect to the Lamaque Project. The main
objective was to determine the level of study required for the Project with
respect to geomechanics, crown pillar, mining recovery rate and
groundwater/geochemistry of the Triangle Zone, the No. 4 Plug, and the
Parallel and Fortune zones. The Golder report was used to elaborate part of
section 16.3 (Preliminary Geotechnical Assessment).
Meglab Inc. provided the preliminary estimate for the electrical distribution
requirements and costs.
Concept DB evaluated the structure and roof repairs required for the Sigma
Mill and provided a preliminary estimate for their costs.
Lucie Chouinard, CA, M.Fisc., of Samson Blair Deloitte & Touche,
completed the after-tax cash flow estimation.
Venetia Bodycomb of Vee Geoservices provided the linguistic editing on a
draft version of the Report.
The authors believe the information used to prepare the Report and to formulate its
conclusions and recommendations is valid and appropriate considering the status of
the Project and the purpose for which the Report is prepared.
The authors, by virtue of their technical review of the Projects exploration potential,
affirm that the work program and recommendations presented in the Report are in
accordance with NI 43-101 and CIM technical standards.
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4.
PROPERTY DESCRIPTION AND LOCATION

The following section (item 4) is taken directly from the report titled Technical Report
and Updated Preliminary Economic Assessment for the Lamaque Project (according
to National Instrument 43-101 and Form 43-101F1), dated February 27, 2015,
prepared by InnovExplo (Poirier et al., 2015).
4.1.
Location
The Lamaque Project is located in the Val-dOr gold camp in the Province of
Qubec, Canada, approximately 550 km northwest of Montral (Fig. 4.1). The
Lamaque Project is located at approximately 4806' N latitude and 7745' W
longitude, to the east of the city of Val-d'Or in the townships of Bourlamaque and
Louvicourt (Fig. 4.2). According to the Canadian National Topographical System
(NTS), the project lies in map sheets 32C/04 and 32C/03, between UTM coordinates
292,130E and 297,140E, and 5,327,680N and 5,334,700N (NAD83 projection, Zone
18N).
Figures 4.1 and 4.2 indicate the location of the Lamaque Project with respect to
Canadian and provincial settings.
Figure 4.1 Location of the Lamaque Project with respect to Canadian and
provincial borders, and major cities
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Figure 4.2 Location of the Lamaque Project with respect to other mining centres in the Abitibi region. Source: GESTIM
(MNR) and Google Earth
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4.2.
Property Description
4.2.1.
Land Tenure
The Government of Qubec recognizes thirteen (13) types of land registration for
mining and exploration. The Lamaque Project consists of a mining lease (BM),
staked claims (CL), map designated claims (CDC) and mining concessions (CM).
Integra initially acquired the Lamaque South property in 2003. On September 03,
2014 Integra announced that it had entered into an Asset Purchase Agreement with
Samson Blair/Deloitte & Touche Inc., acting as court-appointed receiver of the
assets of Century Mining Corporation (Century). According to the terms of the
agreement, Integra was to acquire the Sigma-Lamaque Milling Facility, the Sigma
Tailings Facility, the underground mining infrastructure, and the mining concessions
and mineral claims adjacent to Integras Lamaque South property in Val-dOr,
Qubec. The land package acquired by Integra consisted of three properties: SigmaLamaque in Bourlamaque Township; AumaqueUnion GoldAudet in Bourlamaque
Township; and Sigma II in Louvicourt Township. The transaction was completed on
October 09, 2014, with Integra becoming the sole owner of the property.
Following the transaction, Integras land package covered 3,664.55 ha and included
ten (10) mining concessions (1,946.63 ha), one (1) mining lease (41.58 ha) and 121
claims (1,658.34 ha). The Lamaque Project consists of four (4) separate properties
as follows: Sigma-Lamaque, Lamaque South, AumaqueUnion GoldAudet and
Sigma II (Fig. 4.3).
The Sigma-Lamaque property is located within the city limits of Val-d'Or, in
Bourlamaque Township. It comprises the Sigma underground mine, the Lamaque
underground mine and associated infrastructure, which includes a 2,200 tpd capacity
mill, a tailings dam, workshops, offices and other ancillary buildings. The
underground workings of the Lamaque mine comprise levels 1 to 36 (1,100 m) at a
vertical spacing of 30 m, whereas those of the Sigma mine comprise levels 1 to 40
(1,850 m) at variable vertical spacings. The Sigma-Lamaque portion of the property
consists of mining concessions 272, 264 (264PTB and 264PTC), 314 and 318 (total
of 742.48 ha), mining lease 137-tailing park (41.58 ha) and 10 mining claims (147
ha) (see Fig. 4.4 and Table 4.1). Currently, the Sigma-Lamaque property is
registered to Or Intgra (Qubec) Inc. and covers the former Sigma and Lamaque
Mines, totalling 931.06 ha.
The Corporation du village minier de Bourlamaque has rights to part of the surface
area in the centre of the Lamaque Project that includes the headframes, the
surviving mine buildings and 100 m of decline into the Lamaque No. 2 mine. The
rights were granted by Teck Cominco to the city of Val-dOr for use as a mining
museum, which opened in 1996 (see Fig. 4.8). Most recently, the property was
developed as an open pit gold mine, operated by Century Mining Corporation
(Century). The mining concessions carry unconditional rights to the surface, and to
mine minerals from the underlying bedrock.
2015 NI 43-101 Technical Report and Mineral Estimate Resource Update on the Lamaque project
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The Lamaque South property consists of parts of four (4) contiguous mining
concessions ("CM") numbered 375, 380, 264PTA and 314PTA, and 35 mining
claims (see Fig. 4.5 and Table 4.1). The property is registered to Integra for a total of
1,690.22 ha and is 100% owned. None of the claims are within park or forest
reserves that are restricted from exploration and mining. This field work report mainly
concerns mining claims C002091, C002092, C002093, 3691171, 5275588 and
5275589.
The ten (10) mining concessions grant surface and mineral rights, have no expiry
dates and will remain in good standing provided a small amount of work is carried
out or payment in lieu of work is made each year. The annual rental for a mining
lease is indexed every year; for 2015 it will be $46.00/ha. The mining concessions
have been legally surveyed.
The AumaqueUnion GoldAudet property is contiguous with the eastern
boundaries of the Sigma-Lamaque and Lamaque South properties in Bourlamaque
Township. The land package (see Fig. 4.6 and Table 4.1) consists of one mining
concession (CM 270), called the Aumaque Block, as well as 42 mineral claims. The
total surface coverage is 639.33 ha. The property is registered under the name of Or
Intgra (Qubec) Inc.
All claims and mining concessions of the Sigma-Lamaque, Lamaque South and
AumaqueUnion GoldAudet properties are contiguous.
The Sigma II property covers a total of 403.94 ha, located 16 km east of the SigmaLamaque property, and has separate infrastructure. The property area (see Fig. 4.7
and Table 4.1) consists of fourteen (14) map designated claims, which replaced
mining lease BM 729, and twenty (20) staked mineral claims, under the name of Or
Intgra (Qubec) Inc. The Sigma II property was part of Centurys assets and has
been acquired by Integra, but is not an integral part of the Sigma-Lamaque and
Lamaque South properties, which are the subject of this report. However, the Sigma
II property is part of Centurys assets that were purchased by Integra on October 09,
2014.
2015 NI 43-101 Technical Report and Mineral Estimate Resource Update on the Lamaque project
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Figure 4.3 Claim map of the Lamaque Project, Bourlamaque and Louvicourt townships, Qubec, Canada. Source: GESTIM (MNR), Government of Qubec, as of January 9, 2015.
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A third-party company for construction materials and mining services, Fournier et

Fils Inc. has signed an agreement with Integra to pay to Integra CA$1.025 million in
cash in exchange for access and ownership of the waste rock on the property as
well as a portion of the mining concession. Fournier et Fils will also assume all of the
environmental reclamation obligations associated with their portion of the property
(see Fig. 4.4).
The Lamaque South property consists of parts of four (4) contiguous mining
concessions ("CM") numbered 375, 380, 264 and 314, and 20 mining claims (see
Fig. 4.5 and Table 4.1). The property is registered to Integra for a total of 1,459.42
ha and is 100% owned. None of the claims are within park or forest reserves that
are restricted from exploration and mining. This field work report mainly concerns
mining claims C002091, C002092, C002093, 3691171, 5275588 and 5275589.
The nine (9) mining concessions grant surface and mineral rights, have no expiry
dates and will remain in good standing provided a small amount of work is carried
out or payment in lieu of work is made each year. The annual rental for a mining
lease is indexed every year; for 2015 it will be $46.00/ha. The mining concessions
have been legally surveyed.
The AumaqueUnion GoldAudet property is contiguous with the eastern
boundaries of the Sigma-Lamaque and Lamaque South properties in Bourlamaque
Township. The land package (see Fig. 4.6 and Table 4.1) consists of one mining
concession (CM 270), called the Aumaque Block, as well as 42 mineral claims. The
total surface coverage is 639.33 ha. The property is registered under the name of Or
Intgra (Qubec) Inc.
All claims and mining concessions of the Sigma-Lamaque, Lamaque South and
AumaqueUnion GoldAudet properties are contiguous.
The Sigma II property covers a total of 243.20 ha, located 16 km east of the SigmaLamaque property, and has separate infrastructure. The property area (see Fig. 4.7
and Table 4.1) consists of fourteen (14) map designated claims, which replaced
mining lease BM 729, and twenty (20) staked mineral claims, under the name of Or
Intgra (Qubec) Inc. The Sigma II property was part of Centurys assets and has
been acquired by Integra, but is not an integral part of the Sigma-Lamaque and
Lamaque South properties, which are the subject of this report. However, the Sigma
II property is part of Centurys assets that were purchased by Integra on October 09,
2014.
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Figure 4.4 Claim map of the Sigma-Lamaque property, Bourlamaque Township, Qubec, Canada. Source: GESTIM, MNR, Government of Qubec, as of January 8, 2015
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Figure 4.5 Claim map of the Lamaque South property, Bourlamaque Township, Qubec, Canada. Source: GESTIM, MNR, Government of Qubec, as of January 9, 2015
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Figure 4.6 Claim map of the AumaqueUnion GoldAudet property in Bourlamaque Township, Qubec, Canada. Source: GESTIM, MNRF, Government of Qubec, as of January 9, 2014
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Figure 4.7 Claim map of the Sigma II property, Louvicourt Township, Qubec, Canada. Source: GESTIM, MNRF, Government of Qubec, as of January 9, 2015
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Figure 4.8 Sigma-Lamaque property and Cit de l'Or Mining Museum boundaries. Source: Century (May 13, 2013)
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The two contiguous claim groups (the Union GoldAudet Block and the Aumaque
Block) and the Sigma II project have had several past producers, and are exploration
assets, but have separate infrastructure, that is not related to the milling and mining
facilities of the Lamaque South and Sigma-Lamaque Project, and they will not be
discussed further in this report.
A complete list of the mining licences, mineral claims and leases is shown in Table
4.1.
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Table 4.1 Mining claims and leases comprising the Lamaque Project
Annual Mining Concession, Mineral Claim, Mineral Lease Obligations Required Work and/or Accumulated Cash
Type
Property
Titles
Hectares
Work
Required
(CAD)
Excess
Annual Fee
Work (CAD)
(CAD)
Expiry Date
Township
Annual on 31/Jan
Bourlamaque
Lamaque South Property (100% responsibility of Integra Gold Corporation)

CM
Lamaque South
375
324.13
0.00
CM
CM
CM
Lamaque South
380
195.75
0.00
9,004.50
Annual on 31/Jan
Bourlamaque
Lamaque South
264PTA
246.65
0.00
11,345.90
Annual on 31/Jan
Bourlamaque
Lamaque South
392.49
0.00
18,054.54
Annual on 31/Jan
Bourlamaque
CL
Lamaque South
314PTA
4 Mining
Concessions
C008271
CL
Lamaque South
CL
SUBTOTAL
1,159.02
0.00
14,909.98
53,314.92
8.40
1000.00
44784.36
28.00
13/Oct/15
Bourlamaque
C002081
21.00
1000.00
32258.43
28.00
27/Jan/2017
Bourlamaque
Lamaque South
C002082
15.40
1000.00
27703.49
28.00
27/Jan/2017
Bourlamaque
CL
Lamaque South
C002091
20.50
1000.00
903146.40
28.00
27/Jan/2017
Bourlamaque
CL
Lamaque South
C002092
21.80
1000.00
390949.70
28.00
27/Jan/2017
Bourlamaque
CL
Lamaque South
C002093
17.30
1000.00
334791.90
28.00
27/Jan/2017
Bourlamaque
CL
Lamaque South
9731
16.00
1000.00
15630.76
28.00
09/Aug/2015
Bourlamaque
CL
Lamaque South
9732
16.00
1000.00
15630.76
28.00
09/Aug/2015
Bourlamaque
CL
Lamaque South
9733
16.00
1000.00
15630.76
28.00
09/Aug/2015
Bourlamaque
CL
Lamaque South
9734
16.00
1000.00
15630.76
28.00
09/Aug/2015
Bourlamaque
CL
Lamaque South
9735
16.00
1000.00
15630.76
28.00
09/Aug/2015
Bourlamaque
CL
Lamaque South
5275527
16.00
750.00
3547.68
28.00
22/Jun/2016
Bourlamaque
CL
Lamaque South
5275528
16.00
750.00
4217.26
28.00
22/Jun/2016
Bourlamaque
CL
Lamaque South
5275529
11.00
750.00
3923.56
28.00
22/Jun/2016
Bourlamaque
CL
Lamaque South
5275530
16.00
750.00
3640.80
28.00
22/Jun/2016
Bourlamaque
CL
Lamaque South
5275588
16.00
750.00
2750.00
28.00
18/Jan/2017
Bourlamaque
CL
Lamaque South
5275589
9.00
750.00
2750.00
28.00
18/Jan/2017
Bourlamaque
CL
Lamaque South
5272308
13.80
750.00
2840.80
28.00
28/Nov/2016
Bourlamaque
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Type
Property
Titles
Hectares
Work
Required
(CAD)
Excess
Annual Fee
Work (CAD)
(CAD)
Expiry Date
Township

CL
Lamaque South
5272309
16.00
750.00
3,089.56
28.00
28/Nov/2016
Bourlamaque
CL
Lamaque South
5272310
14.00
750.00
2,910.56
28.00
28/Nov/2016
Bourlamaque
CL
Lamaque South
5252628
16.00
750.00
2,840.80
28.00
03/May/2017
Bourlamaque
CL
Lamaque South
4228833
5.00
1000.00
0.00
28.00
13/Apr/2017
Bourlamaque
CL
Lamaque South
3691171
6.00
1000.00
139,588.20
28.00
26/Jan/2017
Bourlamaque
CL
Lamaque South
1348121
16.00
1000.00
0.00
28.00
26/Jan/2017
Bourlamaque
CL
Lamaque South
1348122
16.00
1000.00
0.00
28.00
26/Jan/2017
Bourlamaque
CL
Lamaque South
1348123
16.00
1000.00
0.00
28.00
26/Jan/2017
Bourlamaque
CL
Lamaque South
1348124
16.00
1000.00
0.00
28.00
26/Jan/2017
Bourlamaque
CL
Lamaque South
1348125
16.00
1000.00
0.00
28.00
26/Jan/2017
Bourlamaque
CL
Lamaque South
4166481
16.00
1000.00
61,344.30
28.00
14/Sep/2015
Bourlamaque
CL
Lamaque South
4166482
16.00
1000.00
5,159.20
28.00
14/Sep/2015
Bourlamaque
CL
Lamaque South
4166483
16.00
1000.00
5,159.50
28.00
14/Sep/2015
Bourlamaque
CL
Lamaque South
4166484
16.00
1000.00
4,159.50
28.00
14/Sep/2015
Bourlamaque
CL
Lamaque South
4166485
16.00
1000.00
88,373.42
28.00
15/Sep/2015
Bourlamaque
CL
Lamaque South
4166491
16.00
1000.00
5,159.50
28.00
15/Sep/2015
Bourlamaque
CL
Lamaque South
4166492
16.00
1000.00
5,159.55
28.00
15/Sep/2015
Bourlamaque
SUBTOTAL
35 CLAIMS
531.20
32,500.00 2,158,402.27
980.00
Sigma-Lamaque Property (100% responsibility of Or Intgra (Qubec) Inc.)

CM
Sigma (Mine)
272
389.71
0.00
17,926.66
Annual on 31/Jan
Bourlamaque
CM
Sigma (Mine)
318
197.16
0.00
9,069.36
Annual on 31/Jan
Bourlamaque
CM
Lamaque
264PTB
133.83
0.00
6,156.18
Annual on 31/Jan
Bourlamaque
CM
Lamaque
264PTC
18.00
0.00
630.00
Annual on 31/Jan
Bourlamaque
CM
Lamaque
314PTB
3.78
0.00
173.88
Annual on 31/Jan
Bourlamaque
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Type
Property
Titles
Hectares
Work
Required
(CAD)
Excess
Annual Fee
Work (CAD)
(CAD)
Expiry Date
Township
Annual on 12/31
Bourlamaque

SUBTOTAL
BL
Sigma (Mine)
5 Mining
Concessions
137-tailing park
742.48
41.58
1 Mining Lease
41.58
0.00
4,130.10
33,956.08
3,991.68
3,991.68
CL
Sigma (Mine)
3471885
17.30
1,000.00
7,537.03
28.25
16/Apr/2015
Bourlamaque
CL
Sigma (Mine)
3505741
14.80
1,000.00
6,275.54
28.25
05/May/2015
Bourlamaque
CL
Sigma (Mine)
3505742
16.00
1,000.00
7,582.59
28.25
05/May/2015
Bourlamaque
CL
Sigma (Mine)
3505743
18.30
1,000.00
6,964.07
28.25
05/May/2015
Bourlamaque
CL
Sigma (Mine)
3694501
19.40
1,000.00
17,506.15
28.25
01/Nov/2016
Bourlamaque
CL
Sigma (Mine)
3694502
13.60
1,000.00
9,804.65
28.25
01/Nov/2016
Bourlamaque
CL
Sigma (Mine)
3694503
18.40
1,000.00
15,174.26
28.25
01/Nov/2016
Bourlamaque
CL
Sigma (Mine)
3694504
11.20
1,000.00
6,118.33
28.25
01/Nov/2016
Bourlamaque
CL
Sigma (Mine)
3694505
17.50
1,000.00
24,705.04
28.25
01/Nov/2016
Bourlamaque
31/May/2015
Bourlamaque
CL
Sigma (Mine)
SUBTOTAL
4702011
10 CLAIMS
0.50
1,000.00
0.00
28.25
147.00
10,000.00
101,667.66
282.5
AumaqueUnion GoldAudet Property (100% responsibility of Or Intgra (Qubec) Inc.)

CM
Aumaque
CL
Audet (VDMH)
270
1 Mining
Concessions
C002871
CL
Audet (VDMH)
C002872
7.90
1,000.00
24,520.79
28.25
31/Mar/2015
Bourlamaque
CL
Audet (VDMH)
C002873
7.80
1,000.00
26,971.72
28.25
31/Mar/2015
Bourlamaque
CL
Audet (VDMH)
C002874
4.90
1,000.00
47,518.61
28.25
31/Mar/2015
Bourlamaque
CL
Audet (VDMH)
C002875
18.00
1,000.00
36,487.83
28.25
31/Mar/2015
Bourlamaque
CL
Audet (VDMH)
C002876
19.80
1,000.00
34,667.67
28.25
31/Mar/2015
Bourlamaque
SUBTOTAL
63.13
2,903.98
63.13
2,903.98
1.60
1,000.00
0.00
Annual on 31/Jan
Bourlamaque
28.25
31/Mar/2015
Bourlamaque
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Type
Property
Titles
Hectares
Work
Required
(CAD)
Excess
Annual Fee
Work (CAD)
(CAD)
Expiry Date
Township

CL
Audet (VDMH)
C002877
9.40
1,000.00
28,106.20
28.25
31/Mar/2015
Bourlamaque
CL
Audet-Stoch
5139004
5.80
750.00
0.00
28.25
23/Jul/2015
Bourlamaque
CL
Audet-Stoch
5139005
16.00
750.00
0.00
28.25
23/Jul/2015
Bourlamaque
CL
Audet-Stoch
5139006
2.10
750.00
0.00
28.25
23/Jul/2015
Bourlamaque
CL
Audet-Stoch
5139008
16.00
750.00
0.00
28.25
23/Jul/2015
Bourlamaque
CL
Audet-Stoch
5139009
16.00
750.00
0.00
28.25
23/Jul/2015
Bourlamaque
CL
Audet-Stoch
5139010
5.80
750.00
0.00
28.25
23/Jul/2015
Bourlamaque
CL
Audet-Stoch
5139011
16.00
750.00
0.00
28.25
23/Jul/2015
Bourlamaque
CL
New Bidlamaque
3588501
16.00
1,000.00
42,002.98
28.25
25/Apr/2015
Bourlamaque
CL
New Bidlamaque
3588502
12.00
1,000.00
55,007.32
28.25
25/Apr/2015
Bourlamaque
CL
New Bidlamaque
3588522
14.00
1,000.00
3,368.23
28.25
27/Apr/2015
Bourlamaque
CL
New Bidlamaque
C006581
15.72
1,000.00
0.00
28.25
10/Sep/2015
Bourlamaque
CL
New Bidlamaque
C006582
8.10
1,000.00
0.00
28.25
10/Sep/2015
Bourlamaque
CL
Union Gold
3572881
16.00
1,000.00
0.00
28.25
20/Apr/2015
Bourlamaque
CL
Union Gold
3572882
16.00
1,000.00
0.00
28.25
20/Apr/2015
Bourlamaque
CL
Union Gold
3572883
16.00
1,000.00
49,612.09
28.25
20/Apr/2015
Bourlamaque
CL
Union Gold
3572884
16.00
1,000.00
6,709.49
28.25
20/Apr/2015
Bourlamaque
CL
Union Gold
3588503
16.00
1,000.00
55,465.77
28.25
25/Apr/2015
Bourlamaque
CL
Union Gold
3588504
16.00
1,000.00
86,663.00
28.25
25/Apr/2015
Bourlamaque
CL
Union Gold
3588505
16.00
1,000.00
38,134.28
28.25
25/Apr/2015
Bourlamaque
CL
Union Gold
3588511
16.00
1,000.00
22,324.03
28.25
26/Apr/2015
Bourlamaque
CL
Union Gold
3588512
16.00
1,000.00
30,537.14
28.25
26/Apr/2015
Bourlamaque
CL
Union Gold
3588513
16.00
1,000.00
22,274.79
28.25
26/Apr/2015
Bourlamaque
CL
Union Gold
3588514
16.00
1,000.00
0.00
28.25
26/Apr/2015
Bourlamaque
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Type
Property
Titles
Hectares
Work
Required
(CAD)
Excess
Annual Fee
Work (CAD)
(CAD)
Expiry Date
Township

CL
Union Gold
3588515
16.00
1,000.00
0.00
28.25
26/Apr/2015
Bourlamaque
CL
Union Gold
3588521
16.00
1,000.00
0.00
28.25
27/Apr/2015
Bourlamaque
CL
Union Gold
C007121
18.00
1,000.00
79,396.22
28.25
13/Aug/2015
Bourlamaque
CL
Union Gold
C007122
17.90
1,000.00
83,400.18
28.25
13/Aug/2015
Bourlamaque
CL
Union Gold
C007 123
19.20
1,000.00
47,402.63
28.25
13/Aug/2015
Bourlamaque
CL
Union Gold
C007124
16.50
1,000.00
52,661.44
28.25
13/Aug/2015
Bourlamaque
CL
Union Gold
C009441
9.10
1,000.00
0.00
28.25
13/Aug/2015
Bourlamaque
CL
Union Gold
C009442
10.70
1,000.00
0.00
28.25
13/Aug/2015
Bourlamaque
CL
Union Gold
C009443
9.30
1,000.00
0.00
28.25
13/Aug/2015
Bourlamaque
CL
Union Gold
C009444
17.90
1,000.00
0.00
28.25
13/Aug/2015
Bourlamaque
CL
Union Gold
C009445
5.50
1,000.00
0.00
28.25
13/Aug/2015
Bourlamaque
CL
Union Gold
C009446
31.20
2,500.00
17,892.91
55.25
13/Aug/2015
Bourlamaque
42-CLAIMS
576.2
41,750.00
891,125.32
1,213.50
SUBTOTAL
Sigma II Mine Property (100% responsibility of Or Intgra (Qubec) Inc.)

CL
Sigma II
2410289
15.74
500.00
0.00
28.25
24/Aug/2016
Louvicourt
CL
Sigma II
2410290
15.75
500.00
0.00
28.25
24/Aug/2016
Louvicourt
CL
Sigma II
2410291
15.73
500.00
0.00
28.25
24/Aug/2016
Louvicourt
500.00
0.00
28.25
24/Aug/2016
Louvicourt
500.00
0.00
28.25
24/Aug/2016
Louvicourt
28.25
24/Aug/2016
Louvicourt
CL
CL
Sigma II
Sigma II
2410292
2410293
15.56
6.89
CL
Sigma II
2410294
10.78
500.00
0.00
CL
Sigma II
2410295
11.12
500.00
0.00
28.25
24/Aug/2016
Louvicourt
CL
Sigma II
2410296
11.72
500.00
0.00
28.25
24/Aug/2016
Louvicourt
500.00
0.00
28.25
24/Aug/2016
Louvicourt
CL
Sigma II
2410297
13.47
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Type
Property
Titles
Hectares
Work
Required
(CAD)
Excess
Annual Fee
Work (CAD)
(CAD)
Expiry Date
Township

CL
CL
Sigma II
Sigma II
2410298
2410299
5.85
5.62
500.00
0.00
28.25
24/Aug/2016
Louvicourt
500.00
0.00
28.25
24/Aug/2016
Louvicourt
28.25
24/Aug/2016
Louvicourt
CL
Sigma II
2410300
1.07
500.00
0.00
CL
Sigma II
2410287
15.71
500.00
0.00
28.25
24/Aug/2016
Louvicourt
CL
Sigma II
2410288
15.73
500.00
0.00
28.25
24/Aug/2016
Louvicourt
1000.00
0.00
28.25
10/Feb/2017
Louvicourt
1000.00
0.00
28.25
10/Feb/2017
Louvicourt
28.25
27/Feb/2017
Louvicourt
CL
CL
Sigma II
Sigma II
C002033
C002034
11.80
13.80
CL
Sigma II
C002052
16.00
1000.00
0.00
CL
Sigma II
C003091
1.00
1000.00
0.00
28.25
02/Mar/2017
Louvicourt
CL
Sigma II
C003092
2.70
1000.00
0.00
28.25
02/Mar/2017
Louvicourt
CL
Sigma II
C003093
16.00
1000.00
0.00
28.25
02/Mar/2017
Louvicourt
1000.00
0.00
28.25
28/Feb/2017
Louvicourt
28.25
28/Feb/2017
Louvicourt
CL
Sigma II
C003101
13.10
CL
Sigma II
C003102
11.80
1000.00
0.00
CL
Sigma II
C003103
4.10
1000.00
0.00
28.25
28/Feb/2017
Louvicourt
CL
Sigma II
C003104
12.20
1000.00
0.00
28.25
28/Feb/2017
Louvicourt
CL
Sigma II
C003105
5.80
1000.00
0.00
28.25
28/Feb/2017
Louvicourt
1000.00
0.00
28.25
30/May/2017
Louvicourt
1000.00
0.00
28.25
21/Jul/2017
Louvicourt
28.25
21/Jul/2017
Louvicourt
CL
CL
Sigma II
Sigma II
C004182
C004201
16.00
10.40
CL
Sigma II
C004202
12.50
1000.00
0.00
CL
Sigma II
C004211
16.00
1000.00
0.00
28.25
04/Aug/2017
Louvicourt
CL
Sigma II
C004212
16.00
1000.00
0.00
28.25
04/Aug/2017
Louvicourt
1000.00
0.00
28.25
04/Aug/2017
Louvicourt
CL
Sigma II
C004213
16.00
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Type
Property
Titles
Hectares
Work
Required
(CAD)
Excess
Annual Fee
Work (CAD)
(CAD)
Expiry Date
Township

CL
CL
CL
Sigma II
Sigma II
C004214
C004215
16.00
16.00
1000.00
0.00
28.25
04/Aug/2017
Louvicourt
1000.00
0.00
28.25
04/Aug/2017
Louvicourt
0.00
28.25
05/Aug/2017
Louvicourt
Sigma II
C004231
16.00
1000.00
SUBTOTAL
34 CLAIMS
403.94
27,000.00
TOTALS
10 MINING
CONCESSIONS
1 MINING LEASE
121 MINERAL
CLAIMS
960.50
1,964.63
90,174.98
41.58
3,991.68
1,658.34 111,250.00 3,151,195.25
3,436.50
Source: Digital Mining Titles Dataset, GESTIM (MNR), as of January 09, 2015.
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4.2.2.
Mining Concession Taxes and Mineral Claim Renewal

The mining concessions are subject to various taxes.
The holder of a mineral claim can renew its title for a period of two years. To do so,
the holder must:
Submit its renewal request at least 60 days before the expiry date.
Pay the required fee, which varies according the area, the location of the title
and the date of receipt of the request.
Deposit the statutory work report and the declaration of mining work
requested at least 60 days before the expiry date of the claim. When work
completed exceeds the minimum required, the surplus work can be used to
renew claims located within a radius of 4.5 km from the centre of the claim for
which surpluses are registered and for all future renewals.
To renew claims in Qubec, the holder must complete the form Demande de
renouvellement de claims. Any work credits that have accumulated on the various
mineral claims will assist in keeping them in good standing.
4.2.3.
Royalties
4.2.3.1.
Royalty on the Sigma Property

When Century purchased the Lamaque property from the SigmaLamaque Limited
Partnership, the property was subject to a sliding scale NSR royalty owned by La
Socit Qubecoise d'Exploration Minire (SOQUEM), a Qubec government
corporation. This royalty was subsequently bought out for CA$2 million.
4.2.3.2.
Royalty and Agreement on the Lamaque Property

Following the closure of the Lamaque mine, Teck Corporation (Teck) and Golden
Pond Resources Ltd. (Golden Pond) formed the Teck-Golden Pond joint venture
(JV) and Teck and Tundra Gold Mines Inc. (Tundra) formed the Teck-Tundra JV
to explore a portion of the historical Lamaque mine property in 1985. The Golden
Pond JV and some of the Tundra JV covered most of the ground now owned 100%
by Integra Gold.
In June 2003, Kalahari Resources Inc. (Kalahari) entered into an option agreement
with Teck Cominco Ltd (Teck) to earn an interest of 50% to 53% (depending on the
claims) in approximately 1,244 hectares called the Lamaque Project.
On September 22, 2009, Kalahari entered into an option agreement with Alexandria
Minerals Corp. to earn a 100% interest in the Roc dOr East Extension property.
Over a 3-year period, consideration was $25,000 cash (paid) and 500,000 shares
(issued). There is a 2% NSR payable on the property, of which half (1%) may be
purchased for $1,000,000. This claim group is adjacent to the Issuers 100% owned
Roc dOr East claims, which are now part of its Lamaque Property.
In October 2009, Kalahari entered into separate agreements with Tundra and
Golden Pond, joint venture parties at that time on the Lamaque Property, to
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purchase their interests in order to consolidate a 100% ownership of the Lamaque

South property and allow for more advanced exploration to be initiated. This meant
issuing 9,593,128 shares to Tundra and 2,902,861 shares to Golden Pond, which
asset could then be distributed in either cash or shares to shareholders, pro rata as
determined by the boards of directors of Tundra and Golden Pond. This share
consideration amounted to approximately one share of Kalahari for every dollar
spent by Tundra and Golden Pond on the Property.
Kalahari changed its name to Integra Gold Corp. in December 2010 and now owns
100% of the Property. Integra Gold also acquired 100% of Tecks interest in the
adjacent Roc dOr East and Roc dOr West claims. There is a 2% NSR payable to
Teck on the Property, of which half (1%) may be purchased for $2,000,000 at any
time within one year of commercial production.
In December 2010, Integra Gold acquired an option to earn a 100% interest in the
Bourlamaque property in Bourlamaque Township, Qubec, adjacent to the Lamaque
Property. Consideration for the property acquisition consisted of $3,500 cash (paid)
and 10,000 shares (issued). Integra Gold purchased the entire NSR for $5,000 on
April 30, 2013 (no outstanding NSR).
In January 2012, the Integra Gold entered into an option to acquire a 100% interest
in the Donald property located in Bourlamaque Township, Quebec, adjacent to the
Lamaque South property. Consideration for the property is $175,000 cash ($75,000
paid) and 250,000 shares (150,000 issued), all payable over a period of four years.
There is a 3% gross metal royalty, one-third (1%) of which may be purchased for
$750,000.
An agreement is in place between Teck and Integra Gold concerning the tailings of
the old Lamaque mine. Integra Gold must provide a reclamation plan for the
historical tailings and pay for the required work in order for Teck to be potentially
liberated from its obligation, pending approval from the Ministre des Ressources
naturelles du Qubec (MRN).
4.2.4.
Surface Rights and Access Agreements

When land is not privately owned, it primarily belongs to the Crown and, in most
instances, this is the Government of Qubec. In the case of Crown land, access is
generally unlimited. If land is privately owned, access to area has to be agreed to
with the surface land owner.
For the Lamaque mine, the mining concessions carry unconditional surface rights
and the right to mine minerals from the underlying bedrock.
Teck retains the surface rights and existing environmental obligations to the portion
of the Lamaque property obtained by Placer Dome within the city of Val-dOr, and
Cit de lOr retains the rights within the designated museum area.
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4.2.5.
Environmental and Permitting

No permit is needed if mapping, sampling and geophysical surveys are to be
conducted on the mineral claims, as long as there is no disturbance of the natural
environment.
A regular Permis dIntervention en Fort must be obtained from the Ministre des
Ressources naturelles du Qubec (MRN) in order to conduct drilling, trenching,
stripping or any other surface disturbance on the property. These permits need to be
obtained each time a surface disturbance is contemplated. To obtain the permits, the
claim holder must indicate the location and type of work that will be conducted on the
application. The permits can usually be obtained within two weeks.
4.2.6.
Location of Mineralization
All mineralized zones or areas that Integra plans to explore are located within the
boundaries of the property.
4.2.7.
Micon Comments
To the extent known by Micon, there are no significant factors or risks besides those
discussed in this report that may affect Integras right or ability to perform work on
the Sigma-Lamaque property.
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5.
ACCESSIBILITY, CLIMATE, LOCAL RESOURCES, INFRASTRUCTURE

AND PHYSIOGRAPHY
5.1.
Accessibility
The Lamaque Project lies to the east of the Val-d'Or urban centre. The property is
accessible via public paved and gravel roads, gravel roads on the top of the dykes,
all-terrain vehicle (ATV) trails, and bush roads. Provincial Highway 117 (Fig. 5.1)
passes through the project (see also Fig. 4.2). One of the most useful of these gravel
roads is the one built along the tailing retention dykes. There is a gravel road passes
through the project to the south. This road is used as service road by the staff of the
Goldex mine for the pipeline maintenance and reaches the Barvue-Manitou tailings.
The Val-dOr airport is located at the southern edge of the property, and has
regularly scheduled flights to and from Montral. Val-dOr is a six-hour drive north
from Montral, and there is daily bus service between Montral and the other cities
in the Abitibi region. Val-dOr is also serviced several times a day by various regional
airlines based out of Montrals airports.
Canadian National Railroad (CN) operates a feeder line that runs through
Senneterre and Amos, connecting east through Montral and west through the
Ontario Northland Railway to the North American rail system. A CN branch line runs
through Val-dOr and crosses the Sigma-Lamaque property. Passenger rail service
is offered by VIA Rail from Montral to Senneterre (65 km northeast of Val-dOr) on
Monday, Wednesday and Friday, and from Senneterre to Montral on Tuesday,
Thursday and Sunday.
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Figure 5.1 Location and access of the former mine sites comprising part of the Lamaque Project, Bourlamaque Township,
Province of Qubec
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5.2.
Climate
The climate of the Val-d'Or area is sub-arctic with warm summers, cold winters, and
moderate average precipitation (Tables 5.1 and 5.2). Based on Environment Canada
statistics, from 1971 to 2000, the region is characterized by a mean daily
temperature of 12 Celsius (C). The month of July has an average temperature of
17.2 C, whereas the month of January averages -17.2 C. The extreme minimum
recorded temperature was -43.9 C, whereas the highest recorded temperature was
36.1 C. There were 209 days recorded below freezing point. Summer weather is
generally in the +25 C (July) range. Winters are cold, with temperatures averaging
-20 C, but temperatures can be as low as -35 C for periods of several weeks.
Extreme temperatures below -40 C can occur during December through March. The
highest recorded temperature was 36.1 C and the lowest recorded temperature was
-43.9 C.
Table 5.1 Annual Average Temperature Data

Parameters
Jan.
Feb.
March
April
May
Maximum (C)
-10.9
Minimum (C)
-23.5
Mean (C)
-17.2
-15.3
June
July
Aug.
Sept.
-8.6
-1.5
6.6
-21.9
-14.6
-5
-8.1
0.8
Oct.
Nov.
Dec.
Annual
16.1
21
23.4
21.7
15.5
8.5
0.1
-7.6
2.7
7.8
11
9.7
4.6
-0.5
-8.2
-18.9
-4.7
9.4
14.4
17.2
15.8
10.1
-4.1
-13.3
Note: Table supplied by Century Mining Corporation for the previous August, 2011 Technical Report (Lewis et al.,
2011).
The average annual precipitation is approximately 909 mm with the heaviest

precipitation occurring between May and October. The month of September receives
the highest average precipitation with 101.5 mm of rain. However, July has the
highest daily precipitation with 68 mm of rain. Snow falls from October to May. The
heaviest snow fall occurs during December and January. The average annual
precipitation is 954 mm. The monthly average precipitation (in mm of rain) for this
six-month period is 54 mm.
Evaporation is highest during the summer months and virtually nil during the winter
months. The average annual evaporation and evapo-transpiration are 541 mm and
489 mm, respectively.
Table 5.2 Annual Average Precipitation data

Parameters
Jan.
Feb.
March
April
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Annual
Rain (mm)
5.5
3.4
20.1
35.8
75
92.4
95.4
93.2
99.8
72.2
34.1
8.3
631
Snow (cm)
56
40.8
48.6
29.2
2.5
0.3
1.9
14.6
45.5
61
296
Total precipitation
56
40.5 65.2
66
77.7 92.7
95.4 93.2
101.9 86.6 76.2
62.5
909
(mm)
Note: Table supplied by Century Mining Corporation for the previous August, 2011 Technical Report (Lewis et al.,
2011)
Winds are generally light. During storm events, sustained winds have been recorded
ranging from 48 to 63 km/h with gusts up to 119 km/h. Winter storms with snow
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accumulation of up to 45 cm have been recorded in recent years, although they are

rare. Between August and January, a southern wind is dominant, and between
February and July a northwesterly wind is more frequent.
5.3.
Local Resources
Val-dOr was founded in the 1920s and has been a mining service centre since its
inception. Currently, Val-dOr, with a population of approximately 32,000 persons, is
a modern city and one of the communities in the Abitibi region of Qubec with a long
and rich mining heritage. Both the Lamaque and Sigma mines are situated within the
municipality of Val-dOr. These two mines were the largest producers in the area. All
requirements, including a quality supply of hydro-electric power to support a mining
operation, are available in Val-dOr. There is an ample supply of timber and water on
or near the property to supply a mining operation. Also available is a local skilled
labour force with experienced mining and technical personnel. A number of mining
and mineral exploration companies have offices located in the area. Local resources
include the following:
5.4.
Assayers commercial laboratories;

CANMET federal government underground mining research office;
Civil construction companies;
Diamond drilling multiple contractors;
Engineering firms;
Freight forwarding;
Geology consultants;
Geophysics contractors;
Land surveyors;
Mining contractors;
Mining industrial suppliers including diesel engines, explosives suppliers,
machine shops, mechanics, electrical and cable, electronics, tires.
Infrastructure
The Lamaque Project has access to all services and infrastructure available in ValdOr and the rest of the province of Qubec, and elsewhere in Canada. The Sigma
mine is connected to the Hydro-Qubec electric power grid, Gaz Metro natural gas
network, and has Internet and phone access. The Sigma-Lamaque property has a
permitted 2,200 tpd milling complex and tailing facilities adjacent to the Lamaque
South property, and permitted underground infrastructure including three portals,
mechanical shop, office, dry, assay laboratory and equipment. More information
about the project infrastructure is provided in Section 18 of this report.
5.5.
Physiography
The Abitibi region has a typical Canadian Shield type terrain of low local relief with
occasional hills and abundant lakes. The average topographic elevation is
approximately 300 m above sea level and generally varies less than 100 m. Large
areas are dominated by swamps and ponds. Local flora in the area are
predominantly spruce, pine, fir and larch with a much smaller percentage of
deciduous trees, such as birch and poplar.
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The mine site is bordered to the north by a large unpopulated wooded area, a portion
of which is currently used for tailings and waste rock disposal. A large swamp
partially covers parts of the property, while spruce forest and mixed deciduous and
coniferous forest cover the eastern, western and southern extremities. The elevation
difference rarely exceeds 50 m, except where eskers and glacial deposits are found.
The property is at an elevation of about 320 m above sea level.
The old tailings retention area from the Lamaque mine covers a large part of the
central part of the property. As described under the Environmental Issues section,
this tailings area is generally populated with herbaceous growth, grasses and areas
of small trees planted by Integras predecessors. Spruce forest and mixed deciduous
and coniferous forest cover much of the rest of the property.
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6.
HISTORY
Gold was discovered in the Val-dOr area in 1923 by R.C. Clark in a quartz vein on
what later became the Lamaque property. This first gold discovery was contained in
a small quartz vein, located in a narrow shear zone, which contained a pocket of
coarse gold that was removed in a single blast in an otherwise barren vein. Intensive
prospecting by trenching under George Kruse resulted in the discovery of the No. 3
vein in 1924. The No. 1 vein was also stripped and trenched, but did not carry
significant gold.
The following section on the history of the Lamaque and Sigma mines was mainly
taken from the technical report of Lewis et al. (2011) and updated where applicable.
6.1.
History of the Mines
6.1.1.
Lamaque Mine
In 1924, William Read took an option on Clarks claims. In November 1928, in
partnership with Hector Authier, the company Read-Authier Mines Ltd (ReadAuthier) was formed to acquire property in Bourlamaque Township. In 1929, ReadAuthier drilled 19 core holes for a total of 2,143 m to test the veins along strike and at
depth. Results were encouraging but inconclusive. In the late summer of 1932, Major
MacMillan optioned Read-Authiers south claim group for Teck-Hughes Gold Mines
Ltd (Teck-Hughes) and drilled 5 holes totalling 520 m to check the previous results.
Teck-Hughes subsequently exercised its option and formed Lamaque Gold Mines
Ltd (Lamaque Gold) in December 1932. Lamaque Gold took over the original
discovery and a number of adjoining claims, with Read-Authier retaining a 30%
interest in the original claims.
Shaft sinking was started in January 1933, followed by lateral development and mill
construction. The mine officially started up in March 1933 with an ore reserve of
67,580 metric tonne at 10.62 g/t gold. Development was accelerated on March 3
1933, when U.S. President Franklin D. Roosevelt devalued the U.S. dollar and the
official gold price jumped from US$20.67 to US$35.00 an ounce. Sufficient ore was
subsequently developed to justify a mill, with construction starting in the summer of
1934. Later, further shafts were sunk adjacent to the Main (or No. 1) mine. These
shafts include the number 2, 3, 4, 5, 6 and 7 shafts and the development of the East
and West mine areas. The No. 2 Mine, approximately 1,158.24 m (3,800 ft)
northeast of the Main mine area (not to be confused with the No. 2 Shaft located on
the Lamaque South property), both close to and on the extension of Sigma mine
structures, was developed in 19501951 to a depth of 410.56 m (1,347 ft) with nine
levels developed. Production from the No. 2 mine ceased on November 30, 1955.
Gold production commenced at the Lamaque mine in April, 1935, with an initial mill
capacity of 250 tons per day. Mill capacity was increased to 500 tons per day by
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November, 1935 and to 1,200 tons per day by December, 1937. During World War II
the mill operated at reduced tonnage due to the war effort. In 1951, the mill capacity
was raised to 1,500 tons per day, and in 1953 raised again to 2,100 tons per day.
Production was cut back to 1,800 tons per day in 1972. Operations ceased in June,
1985 and the mill was demolished in 1992.
The Lamaque No. 2 mine was developed in 1950 with a shaft sunk to 410.5 m
(1,347 ft.) which included nine levels. Production ceased at the No. 2 mine in 1955.
The Lamaque No. 3 mine was developed in 1961. It was developed to a depth of
223.7 m (734 ft) and included the No.3 mine plug, the No. 4 plug and the No. 5 plug.
Production ceased at the No. 3 mine in 1967.
From 1952 through to 1985, the Lamaque mine was the largest gold producer in
Qubec.
The main mine area of the property was acquired by Placer Dome in November,
1993 and the surface rights were acquired by Placer Dome in October, 1999. No
mining or underground development was conducted between 1999 and 2010.
Century Mining Corporation Inc. (Century) purchased the Sigma and Lamaque
mines in September 2004, and in 2010 re-opened the Sigma-Lamaque mine. The
mine was shut down in May 2012 and is currently on care and maintenance.
At its peak of production, the Lamaque mine employed 215 persons underground
from a total payroll of 385. Total production figures for the principal mining areas at
the Lamaque mine are shown in Table 6.1.
Table 6.1 Total production figures for the principal mining areas of the
Lamaque mine (1935 to 1985)
Mining Area
Tonnes Milled
Gold Grade
(g/t)
Ounces Produced
Main Plug
18,166,848
6.34
3,695,194
East Plug
2,721,397
3.94
343,827
West Plug
1,491,952
4.56
219,014
No. 2 Mine
1,482,775
4.97
237,596
No. 3 Mine
318,560
6.30
58,536
24,151,963
5.86
4,554,167
Total Production
Table supplied by Century Mining Corporation for the August 2011 Technical Report (Lewis et al.,
2011).
A portion of the Lamaque property was purchased by Placer Dome in 1993, and
limited production was resumed in the Lamaque No. 2 mine area. The production
from this area was reported with the Sigma figures.
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6.1.2.
Sigma Mines (Qubec) Limited

In the summer of 1933, Read-Authier sent consulting engineer Herber Bambrick to
inspect its north claim group. The area was accessed by water from Amos (93 km) or
in winter by sleigh from the Canadian National Railway at Barraute (61 km). On
October 22, 1933, Bambick discovered a vein from which encouraging results were
obtained after conducting a trenching program that covered approximately 90 m
along strike. This was followed by a diamond drilling program.
Dome Mines Ltd (Dome Mines) was invited to examine the property in 1933. James
B. Redpath, a recent graduate in mining engineering from McGill University, checked
the sampling results. An agreement to purchase was negotiated by J.G. McCrea in
February 1934. Read-Authier retained a 40% interest. Sigma Mines Ltd was
incorporated in April 1934, and in 1937 reincorporated as Sigma Mines (Qubec) Ltd
(Sigma Mines).
By the end of 1934, a mining camp had been erected with accommodation for 50
men. A diamond drilling program totalling 3,350 m had been completed, revealing a
mineralized zone 365 m in length and 75 m deep. A second parallel zone of
mineralization was discovered 60 m to the north. An inclined shaft (No. 1 shaft) was
sunk at 65 on the southern zone to a depth of 80 m. During the first year, 1,632 m of
underground development partially opened up the two zones revealing excellent
grades and widths.
In 1935, the No. 2 vertical shaft was sunk to a depth of 300 m. Exploration identified
irregularly distributed gold in 7 zones. In 1936, further diamond drilling confirmed the
continuity of the mineralization down to 300 m. In June, 1936, construction started on
a 300 ton per day cyanide plant that could be expanded to 500 tons per day. The mill
was expanded to full capacity the following year, and by 1938 the mill was operating
at 650 tons per day. In 1938, the No. 2 shaft was deepened to 610 m. The mill
capacity was continually being expanded such that, by late 1939, 750 tons per day
were being processed. In 1940, the capacity was increased to 1,000 tons per day
and by 1942 the plant was operating at 1,100 tons per day.
In 1938, Read-Authier was dissolved with the shareholders receiving 38 shares of
Lamaque Gold, 21 shares of Sigma Mines and 100 shares of Union Mining
Corporation (Union Mining) for each 100 Read-Authier shares held.
During World War II, supply and labour shortages reduced production to 800 tons
per day for the duration of the conflict. During this period, mining of the more labourintensive high-grade flat veins was suspended in favour of the higher volume but
lower grade steep veins and dykes. Mining operations returned to pre-war levels by
1948.
In 1952, sinking of the No. 2 shaft reached its final depth of 1,018 m at the 25th level.
In 1958, sinking began on the No. 3 shaft from the 22nd level. By 1960, drifting on the
new 30th level indicated that mineralized shoots contained grades comparable to the
upper part of the mine. The No. 3 shaft reached its final depth of 1,817 m below
surface and 53 m below the 40th level in 1972.
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On August 15, 1971, U.S. President Richard Nixon ended the gold exchange
standard and the gold price was allowed to float. Between August 1972 and May
1974, mill capacity was expanded to 1,460 tons per day, which was further
expanded to 2,200 tons per day in 1995.
In September 1997, Placer Dome sold the Sigma mine to McWatters Mining Inc.
(McWatters). During 1998, McWatters reduced the underground production and, in
the spring of 1999, a further reduction of the underground production to 500 tonnes
per day occurred. In July, 1999, McWatters closed the underground mine only 22
months after it took over operations. While the McWatters underground production
records appear to be incomplete, it is estimated that only 350,000 tonnes were
mined from the underground operations under McWatters tenure.
In 1998, a small open pit behind the Lamaque shaft was developed. In 1999 and
2000, limited open pit operations occurred and a total of some 377 000 tonnes of ore
with an average grade of 2.73 g Au/t were extracted and processed in the Sigma
concentrator. The mill was expanded to 3,000 tpd in 2000 and to 5,000 tpd in 2002.
Development of a larger open pit started in November 2002, with ore processing
beginning in early 2003. The McWatters open pit operation never reached
commercial production (defined as 60% of design capacity for a period of 90
consecutive days). All McWatters mine operations were shut down in October 2003,
and McWatters was placed into bankruptcy.
6.1.3.
Lamaque and Sigma Mines (Century)

Century purchased the Sigma and Lamaque mines in September 2004 and restarted the Sigma open pit mine. The open pit was closed in the fall of 2007 and
work on production from underground commenced. In July, 2008, underground
production was suspended and the mine was put on care and maintenance due to
economic and financial considerations.
In 2010, the Sigma-Lamaque mine re-opened. Production was sourced mainly from
the narrow, horizontally lying, flat veins in the Lamaque mine. Mining and
development used trackless methods, and a low profile fleet was acquired for mining
in the flats. Due to the undulating and thin nature of the flat veins, significant dilution
was encountered during stoping. Development and some limited production took
place in the Bdard Dyke area. In the North Wall area, a contractor developed
access and infrastructure for future vertical stoping areas. The vertical stoping areas
were planned to comprise the majority of the near and medium term production
sources. Access for all three areas was gained via portals and declines developed
from within the old Sigma open pit.
Table 6.2 summarizes the total Sigma mine production to the end of May 2012,
including the previously stated production from the Lamaque mine.
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Table 6.2 Total Sigma mine production to end of May 2012.

Production Figures
Mine Operator
Operating Period
Tonnes
Grade
(g/t)
Oz
Lamaque Gold
1935 to 1985
24,151,963
5.9
4,554,167
Sigma Mines
1937 to 1997
23,898,243
5.8
4,456,420
McWatters
1997 to 2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
3,724,000
0
1,112,746
1,415,530
1,155,937
46,719
0
157,561
176,918
73,570
55,913,187
2.2
0
1.6
1.6
1.5
3.2
0
2.9
2.57
2.1
5.3
263,405
57,241
72,817
55,747
4,807
Century
Total
14,691
14,618
4,967
9,498,880
Table supplied by Century Mining Corporation for the August 2011 Technical Report (Lewis et al., 2011) and
updated by Micon.
On May 3, 2010, Century announced in a press release that the mill facility at the
Sigma-Lamaque operation had poured its first bar of gold on April 30, 2010. This bar
was composed of material obtained from behind mill liners collected as gravity table
concentrate, yielding a gold dor bar weighing approximately 230 oz. In the press
release, Century noted that future gold pours would include gold from the stripping
circuit, as well as the gravity-recovered gold.
On February 3, 2011, Century announced in a press release that the SigmaLamaque mine had produced 6,018 oz of gold in the fourth quarter of 2010, and a
total of 14,419 oz of gold for the year 2010. Century noted that commissioning
delays, which included deliveries of equipment, mine development and operational
obstacles, influenced operational ramp-up in the fourth quarter. Additionally, the
mine grades were lower than planned as ore production was predominantly from
mining areas not in the identified resource, due to earlier development constraints.
Table 6.3 contains a summary of the 2010 Sigma-Lamaque Project production
statistics derived from the Century press release of February 3, 2011.
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Table 6.3 Summary of the 2010 Sigma-Lamaque Project Production Statistics

Description
Production (oz gold)
Tonnes mined
Tonnes milled
Head grade (g/t gold)
Mill recovery (%)
Total
14,419
163,345
157,561
2.87
94.59
Table supplied by Century Mining Corporation for the August 2011 Technical
Report (Lewis et al., 2011).
On February 9, 2011, the cone crusher in the mill facility failed, resulting in the loss
of the entire crushing circuit until February 17, 2011, when Century was able to
implement a temporary solution and resume operations. Repairs and replacement of
the cone crusher were completed on March 6, 2011. Century announced on March
8, 2011 that production had improved but remained below plan, and management
continued to work on programs to improve the situation.
Due to financial restraints, Century noted in its March 8, 2011 press release that it
had halted development operations in the access to the North Wall mining area,
which it expected would delay mining in that area until May. It also delayed other
capital projects which it expected would further slow the ramp-up process and
extend the period during which Century expected to operate on a cash-negative
basis.
On June 7, 2011, Century issued a press release announcing that its development
plans for producing longhole stope ore from the North Wall at the Lamaque mine
remain on target for July and will result in the planned noticeable increase in ore feed
rates to the process plant for the third quarter.
In the same press release, Century also announced that year to date, the Lamaque
mine witnessed constrained gold production due to having the Lamaque Flats as the
primary ore feed source. As a result, Century is lowering its Lamaque 2011 gold
production guidance from the initial 70,00075,000 to 45,00050,000 ounces. With
the access to the North Wall in the second half of 2011, the Company is forecasting
a discernible increase in monthly production compared with that achieved in the first
half, and the Company is projecting to achieve commercial production at its
Lamaque Project as of the end of the third quarter.
The June 7, 2011 Century press release concluded with the following quote from
Daniel Major, president and CEO: The first half of 2011 has been an operational
challenge with only mining access to the Lamaque Flats that has resulted in a lower
than expected gold production from the Lamaque mine. [] Over the past months,
the team at the mine has worked diligently to gain access to the longhole reserve
targets in the North Wall area and expects to increase ore feed and gold production
by mining these bulk tonnage stopes in July. We remain on track to achieving
commercial production and the 2,000 tonnes per day goal in the second half of the
year."
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In October, 2011, White Tiger Gold Ltd (White Tiger) acquired Century and the
Sigma-Lamaque Project. White Tiger restarted commercial production at the SigmaLamaque mine complex in February, 2012. Production remained below the target of
2,000 tpd and the extracted ore graded around 2.5 g/t Au, which was well below the
grade of the mine reserves.
On May 25, 2012, White Tiger announced that its wholly-owned subsidiary, Century,
was unable to produce sufficient quantities of gold to satisfy the gold delivery
obligations under its agreement with Deutsche Bank. The failure to make the gold
delivery or to pay the equivalent in cash to Deutsche Bank resulted in a default under
the Forward Gold Purchase Agreement. On May 29, 2012, Deloitte was appointed to
act as receiver with respect to all the assets, undertakings and properties of Century.
6.1.4.
Lamaque South property

The following description of the Lamaque South property is mostly summarized from
Beauregard et al. (2011).
In order to explore a portion of the historical Lamaque property, Teck and Golden
Pond Resources Ltd (Golden Pond) formed the Teck-Golden Pond joint venture
(JV), and Teck and Tundra Gold Mines Inc. (Tundra) formed the Teck-Tundra JV.
The Golden Pond JV and some of the Tundra JV covered most of the ground now
owned 100% by Integra (excluding the Lamaque mine area under the Tundra JV),
but in addition included two small claims on the southern limit of the Villemaque
block (claims previously identified as 422883-2 and 421475 2). The Tundra JV also
included two non-contiguous parcels: the first parcel of land centred on the No. 5
Plug, and the second parcel centred on the No. 4 Plug. Teck was the operator for
both the Golden Pond and Tundra JV programs.
Subsequently, in December 1988, Tundra signed an agreement with Teck to acquire
a 100% interest in all of Tecks assets at Lamaque. The assets to be acquired
included the Main mine property, all surface structures including the mill, surface and
underground equipment, and Tecks interest in the Tundra, Golden Pond and Roc
dOr Mines agreements. The purchase price for the assets was $8,000,000. Tundra
was also required to complete an exploration program and sink an exploration shaft
to 304.8 m (1,000 ft) on the No. 4 Plug. Preliminary work was initiated to meet the
obligations of the agreement, but a downturn in the industry made funding difficult
and the 1988 option was never exercised, leaving Teck with a 100% interest in the
Main mine and mill area, which was eventually optioned and purchased by Placer
Dome Inc. Subsequently Tundras and Golden Ponds interest in the Tundra and
Golden Pond JV properties was diluted to 50% due to non-payment of their
respective portions of lease rentals, assessment filings and taxes.
No exploration was conducted on the Tundra and Golden Pond JV properties
between 1990 and 2003, when Kalahari and Teck Cominco signed their agreement
providing Kalahari the option to earn Tecks interest in the JV properties. In 2009
Kalahari purchased the remaining Tundra and Golden Pond interests in the
properties through a share swap. Kalahari changed its name to Integra in December
2010 and now owns 100% of the property.
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During the period between January 2003 and December 2014, exploration work was
completed on the Lamaque South property, mainly via drilling campaigns. A total of
over 156,248 meters of drilling was completed, essentially distributed on the Fortune,
Parallel, Triangle, South Triangle, No. 6 Vein, No. 4 Plug, No. 5 Plug, Sigma Vein
Extension, Mylamaque, Sixteen Zone, and various geophysical targets. The various
drilling programs, and their results, were discussed in detail in previous versions of
NI 43-101 Technical Reports, all of which were filed on SEDAR.
The drilling was completed by Orbit-Garant Drilling from Val-dOr, Qubec. Analyses
were completed by Bourlamaque Assay Laboratory and ALS Canada in Val-dOr.
Supervision of the exploration work completed between 2003 and 2008 was
conducted by Don Cross and Terrence Coyle; between 2009 and to the end of 2014,
exploration orientation, geoscientific compilation, drill hole planning, core logging,
data validation and geological mineralized zone interpretation of cross-sections and
longitudinal sections were conducted and supervised by Geologica Groupe-Conseil
Inc.
Since 2009, drill supervision, core logging and QA/QC sampling protocols were
designed and followed by Geologica personnel with duplicates, blanks and
standards inserted for each drill hole.
A re-sampling program of 2003-2008 diamond drill cores was conducted by
Geologica, beginning in 2009. This re-sampling includes the addition of QA/QC
samples, and to date has included a total of 1,654 samples along with 319 QA/QC
samples on 121 diamond drill holes.
Table 6.4 Drilling and exploration from January 2003 to December 2014
Drill
Holes
Target
Goal
Fortune Zone
Confirm east-west extension of mineralized

auriferous, vein clusters
67
18,220
Parallel Zone
Confirm east-west extension of mineralized

auriferous, vein clusters
88
22,119
Sixteen Zone
Verify the lateral extension of drill holes

completed in 20032004
55
12,824
Verify east-west strike and depth extensions
128
46,981
Test the potential extension of the quartzcarbonate-tourmaline veins intersected by

Century in the Sigma Mine Project
10
2,862
No.4 Plug
Verify and validate past drill hole results
46
24,417
No.5 Plug
29
9,352
Mylamaque
25
6,347
No. 4 Vein
Validate previous results
300
Triangle
Zone
Sigma Vein
Extension
Metres
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Target
No. 6 Vein
Geophysical
Targets
West
Property
Other Zone
Goal
Drill
Holes
Metres
Validate previous results and extend the

mineralized vein structures
30
7,555
Verify airborne electromagnetic and magnetic

anomalies
10
3,263
Explore to the southwest of the property
438
School drill holes

and Parallel Ramp
1,570
6.2.
Mine Drilling in the Sigma-Lamaque Project
6.2.1.
Historical
Prior exploration in the Lamaque and Sigma Mines was conducted using EX core for
short underground diamond drill holes and AX and AQ for longer underground and
surface diamond drill holes. The previous operators drilled approximately 40,000
diamond holes at Lamaque from both surface and underground during the 1970s
(Burns and Mark, 2009). The previous geological team considered the small core
size as adequate for sampling the deposit. Rock strength was high, estimated to
range from 25,000 to 50,000 psi.
Core recovery in all environments on the property was generally 100%. Core loss
was very rare as highly stressed ground that could contribute to core grinding was
absent, and faults and shears rarely contained broken ground (Burns and Mark,
2009).
6.2.2.
Drilling Conducted by Century

During the period from 2004 to 2012, Century completed a limited amount of surface
diamond drilling on the property.
Between 2010 and 2012, Century conducted an exploration and definition drilling
program to delineate and characterize mineralization in the Bdard Dyke. The
objective of the drilling program was to test the extent of the dyke, as well as the gold
grade of the mineralization contained within it. The drilling program was conducted
originally from surface and later from underground, once access was available. The
surface diamond drilling was initiated to test the overall extent of the Bdard Dyke
and the general grade of the mineralization, while the underground drilling program
further delineated the extent of the Bdard Dyke contacts and the internal structure
of the mineralization. A total of 22 surface and 54 underground drill holes totalling
3,747 m (12,292 ft) and 2,647 m (8,684 ft), respectively, were drilled.
The significant results from the 2010 surface drilling program on the Bdard Dyke
are summarized in Table 6.5.
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Table 6.5 Significant results from the 2010 surface drilling program at the
Bdard Dyke
Hole ID
Grid
Azimuth
Dip
()
2655-1A
-75
2700-1
-65
2700-2
-80
2610-7
65
-45
2610-6
79
-67
From (m)
To (m)
64.08
67.03
71.99
75.59
60.62
69.19
77.85
80.77
71.60
192.63
199.74
203.51
47.64
53.04
58.67
63.92
80.35
83.21
97.44
59.10
64.08
67.03
Incl. 68.24
80.44
154.35
157.64
64.92
69.01
72.91
76.60
63.15
75.01
79.46
83.30
72.02
193.55
200.44
204.09
49.87
55.08
59.28
65.87
81.23
84.00
98.42
62.18
64.92
69.01
68.88
81.17
154.99
159.78
True Width
(m)
0.73
1.40
0.70
0.87
2.19
5.28
1.32
1.94
0.40
0.86
0.54
0.33
2.15
1.92
0.61
1.69
0.87
0.72
0.88
2.67
0.73
1.40
0.45
0.66
0.37
1.85
Grade (g/t Au)

4.29
7.72
5.10
10.10
2.89
9.56
3.61
3.06
2.29
3.17
4.19
2.14
2.55
10.06
6.14
100.50
7.63
25.20
4.84
14.17
4.29
7.72
25.1
38.2
6.66
2.79
Source: Century news release dated March 15, 2010.
The surface drilling program conducted on the Bdard Dyke extended the
mineralized zone and confirmed the spatial location of the dyke for mine planning
and future development. The drilling indicated that the Bdard Dyke has a minimum
strike length of 210 m (689 ft) in the southwest direction, and dips approximately 80
south. The dyke pinches, swells and bifurcates along both its strike and down-dip
directions. The dykes width varies from approximately 2 m (6.6 ft) at its western end
to 10 m (32.8 ft) on the eastern end near the Sigma open pit.
The surface drilling programs in 2009 and 2010 were carried out by Performax
Drilling, an independent drilling company. The core was logged and sampled and the
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samples were prepared in the on-site laboratory and assayed at the Analytical
Solutions Ltd (ASL) Geochemistry Laboratory, Val-dOr.
During the period from 2006 to 2012, underground definition drilling was conducted
by fanning holes located along horizontal or vertical sections. The spacing between
the fans ranged between 50 and 100 m (150 to 300 ft), and was determined by both
the local structural complexity of the mineralization and accessibility (Figure 6.1).
The underground definition drilling was conducted in the North Wall, Sigma mine,
Bdard Dyke, and Lamaque mine.
Figure 6.1 Level plan of drift 5-5340, Lamaque mine, and underground drill
holes. Figure provided in May 2013 by Paul Bdard, Chief Geologist, Century
Mining Corporation.
6.3.
Centurys Production for the Sigma-Lamaque Project

Table 6.6 provides a summary of Centurys production by year and stope, for 2011
and 2012.
The Sigma-Lamaque property is on care and maintenance at the current time, and
there are no reserves to report.
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Table 6.6 Production in 2011 and 2012

Mine
Year
2011
Lamaque Mine
2012
2011
Sigma Mine
2012
Total:
Stope
Tonnes (metric)
Grade
(g/t)
Oz
7-74A-6540
5,998
3.14
605.59
7-76C-107
54,824
2.10
3,701.94
7-76-138
367
1.38
16.28
7-76-140
38,828
2.74
3,420.86
6-Incl-6300
119
1.80
6.89
6-74A-6420
9,443
2.13
646.74
6-76-6700
3,584
1.83
210.89
6-76-154
234
0.50
3.76
6-76-155
40,627
3.06
3,997.38
5730
1,336
0.59
25.35
6605 E+W
35,337
2.34
2,658.80
6610 E+W
7,326
2.80
659.58
7-Incl-5975
408
1.98
25.98
7-74A-6540
9,275
1.54
459.28
7-76-140
1,795
2.62
151.22
14496 Bdard Dyke
13,699
3.72
1,638.59
4-4815 (NW)
6,504
0.80
167.31
5-5435 (NW)
2,691
2.07
179.11
5 Main Dyke 4800
5,309
1.16
198.02
5 Main Dyke 5820
2,495
1.41
113.12
5 Main Dyke 5970
5,412
2.50
435.05
6 Main Dyke 5820
4,877
1.52
238.36
250,488
2.43
19,560
Table provided by Paul Bdard, chief geologist for the Sigma-Lamaque mine, Val-dOr
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7.
GEOLOGICAL SETTING AND MINERALIZATION

7.1.
Regional Geology
The following description of regional geology is mostly summarized from Beauregard
et al. (2011) and Lewis et al. (2011).
The Lamaque Project is located in the eastern end of the Abitibi Greenstone Belt, an
island arc volcanic complex 750 km long by 250 km wide, within the Superior
Province of the Canadian Shield. All of the rocks within the region are of Archean
age, except for Proterozoic diabase dykes that cut across lithologies at both the
regional and local scales. Volcanic and sedimentary rocks in the Abitibi Greenstone
Belt and specifically in the Val-dOr region are up to 18,000 m thick, with 80% of the
assemblage being volcanic. Figures 7.1 and 7.2 are simplified maps of the Abitibi
Greenstone Belt and the Lamaque Project area.
Figure 7.1 Simplified map of the Abitibi Greenstone Belt showing the distribution of
major fault zones and gold deposits (Poulsen et al., 2000).
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Figure 7.2 Simplified regional geology of the Lamaque Project area. Modified from Pilote et al. (1999).
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The eastern segment of the Southern Volcanic Zone (SVZ) of the Abitibi Greenstone
Belt is a complex sequence of volcano-sedimentary rocks (2,705 + 2 Ma) cut by
post-volcanic plutonic suites. This segment can be subdivided into two stratigraphic
groups based on regional tectonics and volcano-sedimentary stratigraphy: the basal
Malartic Group composed of the La Motte-Vassan, Dubuisson and Jacola
formations, and the overlying Louvicourt Group, containing the Val-dOr and Hva
formations. The Malartic Group represents an Archean oceanic floor controlled by
extensional mantle plume tectonics and characterized by effusive komatiites and
basalts and intrusive dykes and sills. The Louvicourt Group marked a change to
subduction-related processes, whereby incipient arc construction, represented by the
lower Val-d'Or Formation, overlapped with the waning stages of plume-generated
volcanism, represented by the Jacola Formation. This contemporaneous volcanic
activity indicates a conformable relationship. Subsequent rifting, represented by the
Hva Formation, formed voluminous lavas that flooded the arc-related lavas.
Several large granitoid intrusions have been emplaced into the local stratigraphy.
The largest of these are the post-kinematic Lacorne and Pascalis batholiths. The
Bourlamaque Batholith is a synvolcanic granitoid intrusion described as a quartz
diorite by Campiglio (1977). The Centre Post Intrusion (also known as the East
Sullivan Pluton) is a stock of intermediate composition that exhibits a zonation from a
monzonitic core to a dioritic rim. It has been emplaced into the Upper Malartic Group
rocks. Numerous other smaller intrusions, including gabbro-diorite sills of possible
sub-volcanic origin and younger feldspar porphyry dykes, occur throughout the
region.
The area has undergone a complex structural evolution that consists of a dominant
steep east-west foliation, overprinting both volcanic and sedimentary rocks, and an
overall east-west arrangement of most lithological units resulting from a north-south
shortening across the belt.
Abundant shear zones, parallel to the structural trend, are present in the district and
have been grouped into three orders of shearing. First-order shear zones are
represented by the Larder LakeCadillac Break, a complex high-strain zone reaching
1 km in thickness and at least 200 km long. The zone has an overall east-west strike
and dips steeply north. Second-order shear zones are typically 1 to 10 km long and
10 to 100 m wide. They have steep to subvertical dips, and vary in strike from
southeast in the western part of the district to east-west in the eastern part. Thirdorder shear zones, which are the most abundant, are a few metres thick and reach 1
km in length. They strike northwest to northeast and dip between 35 and 75 to the
north or to the south. These third-order shears formed a large-scale interconnected
plumbing system that at some stage in the structural evolution of the district resulted
in extensive gold deposition.
7.2.
Local Geology
The geology of the two mines was originally thought to be much more complex than
it now appears, with a considerable volume of research over the past 30 years
clarifying a number of significant questions. Many of the intrusive lithologies
differentiated in the geological legends of the two mines are phases of the same rock
units, and the volcanics can most likely be divided into 4 or 5 subformations.
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Figure 7.3 presents a simplified geological map of the area around the Sigma and
Lamaque deposits, and Figure 7.4 shows a simplified vertical cross-section through
the Sigma-Lamaque (includes Sigma Mine and Lamaque #2 Mine), and Main
Lamaque showing the configuration of the shear zone and vein network.
Figure 7.3 Simplified geology map for the Sigma and Lamaque deposits.
Modified from Sauv et al. (1993).
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Figure 7.4 Simplified vertical cross section of the Sigma and Lamaque
mine. A: Cross section looking east through the Sigma mine (modified from
Robert and Brown, 1986). B: Cross section looking west through the
Lamaque main mine (modified from Wilson, 1948). C: Cross section looking
north through the Lamaque No. 2 mine (from Bdard, 1979).
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7.2.1.
Lamaque Mine Geology

The Lamaque mine, also known as the Lamaque No. 2 mine, is located 1.5 km south
of the Bourlamaque Batholith within the Central Pyroclastic Belt of the Val-dOr
Formation, and just north of the Larder LakeCadillac Break (Fig. 7.3) A belt of
Timiskaming sediments lies 4.5 km to the south. The volcanics have been cut by
dykes, sills and several large composite stocks, which range in composition from
diorite to granodiorite (tonalite), and a series of shear zones that are both restricted
to the intrusive rocks and extend through the volcanics.
Mineralization consists of gold in microfractures in quartz-tourmaline-carbonate
(QTC) veins, stringers and stockworks within the intrusive rocks and the shear
structures. The gold-bearing structures have multiple orientations. Late diabase
dykes cut the veins in a north-south direction.
7.2.1.1.
Volcanic rocks
The volcanics strike east and dip steeply south with tops facing south. They consist
of tuffs, lapilli tuffs and agglomerates, mixed with andesite flows and flow breccias.
The entire package has been metamorphosed to greenschist facies.
7.2.1.2.
Intrusive rocks
The main plug has been the most productive host rock in the Lamaque mine. The
plug is a roughly elliptical mass (250 m in the east-west direction, and 100 m northsouth) which plunges northeast at 70 and has been traced to a depth of 1,450 m.
The core of the plug is granodiorite (tonalite), which grades to an outer halo of quartz
diorite and finally diorite. The upper portion of the plug is surrounded by a quartz
diorite porphyry (QDP) ring dyke structure.
The diorite is medium to fine grained, dark grey and homogeneous. It has an even
distribution of hornblende and feldspar with crystals of equal size and up to 6 mm.
The granodiorite is medium grained, light coloured, siliceous and homogeneous. It is
more correctly described as a tonalite, being an intrusive rock of felsic composition
with phaneritic texture. Feldspar is present as plagioclase, with 10% or less alkali
feldspar. Quartz is present as more than 20% of the rock. Amphiboles and
pyroxenes are common accessory minerals. Biotite is also present, which suggests
that this may be a trondhjemite and related to the Bourlamaque Batholith. The west
plug variety is coarser grained than the main and east plug varieties.
Other plug-like structures which have been identified include the East, West and No.
3 mines, and the No. 4, No. 5 and Aumaque plugs.
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Figure 7.5 Geological map of the Lamaque Project, excluding the Sigma II property area
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Figure 7.6 Geological map of the Sigma II property area
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A number of porphyry dykes have been identified and these have been arranged into
an alphabetical grouping from A to G, according to various characteristics such as
mineral composition and grain size.
The QDP is a distinct porphyry dyke that has been described as a ring dyke around
the main plug and is found only in the main plug area. It is possibly an altered phase
of main plug diorite, although it had been observed some distance (100+ m) from the
main plug. It is distinguished by its large feldspar phenocrysts, gradational/digested
contacts, considerable chlorite content and unique pale blue quartz eyes. The pale
blue quartz eyes have not been observed in any other rock type in the mine and are
the defining characteristic of the QDP.
7.2.2.
Sigma Veins
7.2.2.1.
Major veins
The main plug is cut by eight major reverse faults or ductile shear zones, sometimes
referred to as primary or P shears, which range in dip from 25 to 70 south. These
shear zones contain major gold-bearing veins with lengths in excess of 600 m and
widths from 1 to 6 m.
7.2.2.2.
Lesser veins
Between the major shear/veins, there is a series of lesser veins, in extensional
shears, sometimes referred to as Riedel R shears, which range from flat to steep.
Some 58 lesser veins have been identified and mined. These veins range in
thickness from 15 cm to 3 m and have limited extent beyond the rocks of the main
plug.
7.2.2.3.
Stockworks
Horsetail structures are developed adjacent to the major veins and to a lesser
degree adjacent to the secondary veins. These areas contain discontinuous
stringers, broad flat lenses and irregular masses of vein material. Bulk mining
methods were often employed in these areas. Thirty-two longhole stopes have been
mined in this type of environment, representing in excess of 60% of the total
production from the Lamaque mine.
7.2.2.4.
Flat veins
Type 1 flats are sub-horizontal QTC veins found in Type C and D diorite porphyry
dyke rocks (note: these are not the same as the Type C and D diorite porphyry units
found at the Sigma mine). The flat veins range from 1 cm to 15 cm wide and are
spaced from 15 cm to 2 m apart. The veins are restricted to the dyke rocks. When
multiple closely spaced veins are present, considerable tonnages can be mined.
Type 2 flats are subhorizontal QTC fracture-filling veins between two adjacent steep
shears. These flats cross lithologies but stop abruptly at the shears. They can extend
200 to 300 m.
Type 3 flats are subhorizontal QTC veins that cross all lithologies and steep sheared
veins, and are known to extend as far as 300 m. When a flat crosses a shear (30 cm
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to 1 m wide), the shear will generally carry ore values for 3 to 6 m above and below
the intersection.
7.2.3.
Sigma Mine Geology

The Sigma mine is located south of the Bourlamaque Batholith within the Central
Pyroclastic Belt of the Val-dOr Formation (Figs. 7.5). The deposit is hosted by an
andesite unit bounded to the north by the north shear, and by volcaniclastic rocks of
intermediate composition to the south. The volcanics have been cut by two
generations of pre-mineralization porphyry dykes, sills and a large composite stock
that ranges in composition from diorite to granodiorite, and by a series of shears.
Mineralization consists of gold in QTC veins, stringers and stockworks within the
intrusive rocks and shear structures. The gold-bearing structures are oriented eastwest. Late diabase dykes cut the veins in a north-south direction.
7.2.3.1.
Volcanic rocks
There are three groups of volcanic rocks identified at the Sigma mine: north flows,
north tuffs and pillowed and massive flows.
The north flows are composed of basalts, basic tuffs and occasional ultramafics. The
rocks are well foliated and occasionally intruded by narrow, steeply dipping feldspar
porphyry dykes.
The north tuffs is a unit 300 to 450 m thick, consisting of intermediate lapilli tuffs,
crystal tuffs, banded tuffs and tuff-agglomerates. Foliation is well developed and is
parallel to the bedding. Porphyry dykes are present but have no significance for orebearing structures.
The pillowed and massive flows are the most commonly seen volcanics in the mine.
These are intermediate flows ranging in texture from uniform to brecciated with felsic
fragments, to pillows of andesitic composition with well-developed regional foliation.
A fragmental tuffaceous agglomerate variety generally contains porphyritic fragments
but can also include volcanic flow fragments. The agglomerate is found in the
southeast. It extends into the Lamaque No. 2 mine area and also forms a welldefined band to the north and west of the mine. The volcanics generally strike eastwest and dip steeply north. The main mineralized area is found within this unit.
7.2.3.2.
Intrusive rocks
The earliest intrusive was designated Type C diorite porphyry. This is a composite
stock of irregular outline which increases in size with depth and is generally dioritic in
composition. It is porphyritic, with 1 to 4 mm euhedral to subhedral buff-coloured
feldspar phenocrysts in a medium to dark green aphanitic matrix. Phenocrysts
comprise 30 to 50% of the rock. It includes acid (Type Ca), basic (Type Cb) and
intermediate (Type Cm) rock types with distinctly porphyritic phases and fine-grained
sections containing large inclusions of partly digested volcanic fragments. The
intrusive appears darker with depth due to increasing biotite content. Also, primary
sulphides show an increase of pyrrhotite over pyrite with depth. This intrusive is often
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so similar to the volcanics that it can only be distinguished from the volcanics by not
exhibiting the regional schistosity found in the volcanics.
This intrusive body is central to the Sigma vein system and was described by Audet
(1980) as a stock-feeder-dyke complex of intrusive porphyry which is of critical
importance because the vein systems are unproductive outside its zone of influence.
This unit has been often referred to as the Sigma Plug. The intrusive body
terminates abruptly against the north shear and extends well into the Lamaque
South property to the south.
The Type D diorite porphyry is an andesite porphyry that is younger than the Type C
and older than the Type G. This dyke has been observed in sharp contact with the
later Type G porphyry. It can be up to 10 m wide, has a general east-west strike and
dips steeply south. The Sigma Type D diorite porphyry is equivalent to Lamaque
Type C. Fresh samples are a medium-grained dark gray rock with abundant white
feldspar phenocrysts.
The Type G diorite porphyry is thought to be the youngest dyke and is a feldspar
porphyry dyke of granodiorite composition. The Type G dyke cuts through the
volcanics and the Type C porphyry. These are the youngest pre-mineralization units
in the mine, and do not display the regional foliation found in all earlier rocks. This
dyke generally ranges from 1 to 7 m in width, averaging 5 m, but can be up to 15 m
wide locally. Type G dykes have a general east-west strike and dip steeply south,
and are equivalent to Lamaque Type G.
Type G is similar to Type C but can be distinguished by larger 3 to 10 mm euhedral
to subhedral feldspar phenocrysts. Phenocrysts make up only 5 to 20% of the rock.
Currently, no descriptions are available for Sigma types A, B, E and F diorite
porphyries.
The diabase dykes (lamprophyre var. camptonite) at the Sigma mine are postmineralization and cut all vein types. They have a maximum width of 5 m, strike
north-south and dip steeply west.
7.2.3.3.
Structural geology
The rocks have been subjected to complex stresses resulting in shearing, faulting,
folding and fracturing. S-type drag-folds in the narrow intrusive dykes have been
observed in several locations in the Sigma mine and they appear to have an easterly
plunge.
Post-mineralization faulting is quite extensive. Angles of intersection with the veins
have a wide variation, and displacements of a few centimetres to several metres are
common. A number of these faults also cut the diabase dykes and have been noted
to contain calcite.
Shear zones range in width from a few inches to several metres and are the
dominant structural feature within the mine. The Highway Shear has been traced to a
depth of 1,500 m with widths of 10 m. At depth, this shear bifurcates into several
smaller parallel shears. The Highway Shear has been estimated to have a post-
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mineralization vertical displacement of 400 m, with the south side up and the lateral
movement unknown.
The North Shear parallels the South Shear at the contact between the north flows
and the north tuffs. This shear is well developed in places and difficult to recognize in
others as it rarely exceeds 1 m in width.
Some 25 major south-dipping shear zones have been identified. These shears strike
east-west and dip south at 60 to 70, and then roll to 45 to 50 as they approach
the Highway Shear (indicating south side up). This system of shears appears to have
acted as the pathway for mineralizing fluids and as the dilation zones that now host
the veins.
Slickensides are common within shear zones and veins, giving a sense and direction
of movement.
Recently, a Riedel shear model has been applied to the Sigma shear/vein system
with considerable success. The shear system has been classed as a brittle-ductile
shear zone. This type of shear zone development typically forms in the crust at
depths between 5 to 10 km, and has an angle between conjugate shears that ranges
from 60 to 90.
7.2.4.
Sigma Mine Veins

The veins at the Sigma mine consist of multiple ages of quartz-tourmaline-carbonate
(QTC) veins, with the proportions of the vein-forming minerals varying considerably.
Typically, a vein will be composed of 80% quartz, 15% tourmaline and 5% carbonate
(calcite and ankerite). Scheelite is common in the veins with visible gold seen
occasionally. Other ore-associated minerals include pyrite (1 to 10%), minor
chalcopyrite, and on rare occasion tellurides (petzite, calaverite, krennerite,
tellurbismuth). Wall rock is often bleached with silicification and albitization. At
depths of 1,500 m, biotite is found in the veins displacing tourmaline. However, no
change in the gold tenor has been observed with this change in vein mineralogy at
depth. The major veins generally have higher grade as they approach the Highway
Shear.
Other minerals present in the veins are up to 1% pyrrhotite, white mica, apatite,
sphalerite, galena, frohbergite, ilmenite, rutile, molybdenite, fuchsite and lepidolite.
Four types of mineralized bodies have been identified in the Sigma mine. All contain
QTC vein material but otherwise their structures and attitudes vary considerably.
7.2.4.1.
Type 1 mineralization (shears)

Type 1 mineral structures (Fig. 7.7) are steep south-dipping shear zones where the
hanging wall has been thrown upward. These east-west striking shears, which dip
75 south, contain large lenticular masses of QTC that can be 100 m or more in
length and up to 7 m thick. The location of these lenses is controlled by irregularities
in dip and strike, and by local drag-folds within the shear. Recognizable premineralization movement on the shear planes is on the order of several metres.
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The south shear is a near-vertical east-west shear along the south side of the Sigma
mine area. It is significant in that, as mineral-bearing shears approach the south
shear, they weaken and die out, although, as each shear dies out, another mineralbearing shear down-dip and en-echelon to the north will usually contain QTC vein
material.
Figure 7.7 Shear zone in the Sigma open pit, showing quartz-carbonate veins
and underground workings. Photograph taken during Micons site visit in May,
2013.
7.2.4.2.
Type 2 mineralization (dykes)

Type 2 mineral structures are 40 west-dipping tension fractures filled with QTC vein
material in Type G feldspar porphyry dykes. Vein material varies from 25 mm to 15
cm in thickness, and often has altered contacts that extend up to 15 cm from the
vein. Visible gold, scheelite and pyrite commonly occur in these dykes. These dykes
strike more southwesterly than the Type 1 shears and dip steeper than 75. They
can be several hundred metres in length, and range from 2 to 25 m wide with an
average width of 6 m. When tension fractures represent more than 10% of the dyke
volume, the entire dyke can be mined. Most Type 2 mineralization is found where the
dykes and shears intersect.
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Stringer grades vary considerably, with wall rock alteration and pyrite content
indicating higher grades.
7.2.4.3.
Type 3 mineralization (north-dipping)

Type 3 mineral structures are north-dipping QTC veins associated with vein faults.
Type 3 veins are less common than Types 1 and 2, but usually have above-average
grade.
7.2.4.4.
Type 4 mineralization (flats)

Type 4 mineral structures are QTC flat veins (Figs. 7.8 and 7.9). These are
subhorizontal tension fractures that range from a few centimetres to a metre or more
in thickness, strike north-south, generally dip less than 20 west, and can pinch and
swell in an unpredictable manner.
Figure 7.8 Subhorizontal quartz-tourmaline-carbonate veins in the Sigma open pit.

Photograph taken during Micons site visit in May, 2013.
Flats generally carry some of the highest grades mined and tend to have the highest
grade near the vertical shears.
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Figure 7.9 Quartz-tourmaline-carbonate vein (flat vein). Photograph taken during

Micons site visit in May, 2013.
Wall rock alteration varies from weak to intense for up to 0.5 m on either side of the
flat veins. Within the Type C and D porphyry, host alteration is nearly total with
minerals converted to albite, quartz, carbonate, sericite and pyrite; within other rock
types alteration is less developed. The gold content is usually a function of alteration
and pyrite content; gold content is thus highest in highly altered rocks with abundant
pyrite.
7.2.5.
Lamaque South Property Geology

The following description of Lamaque South property geology is mostly summarized
from Beauregard et al. (2011).
The property is principally underlain by volcanic flows and volcaniclastic rocks of the
Val-dOr Formation (2705-2703 Ma), intruded by a variety of intermediate to mafic
plugs, dykes and sills (Fig. 7.10). The northern part of the property is underlain by
lithologies comprising the lower part of the Val-dOr Formation, while the mid to
southern part of the property is underlain by units of the upper Val-dOr Formation.
The extreme southern section of the property, in the vicinity of the airport, is
underlain by mafic volcanic rocks of the Hva Formation.
There are twelve zones of gold mineralization, including six gold deposits with known
resources on the Lamaque South property (Fig. 7.10). They consist of various simple
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vein structures, vein complexes and stockwork zones. The twelve zones are as
follows:
Parallel Zone;
Fortune Zone;
No. 4 Plug;
No. 5 Plug (including No. 35 Veins);
No. 3 Mine (including No. 1 and 2 veins);
Triangle Zone;
South Triangle Zone;
Mylamaque Zone;
No.4 Vein;
No. 6 Vein;
Sixteen Zone;
Sigma Zone.
The six known gold deposits are grouped into the North, South and West clusters.
The North cluster consists of the Parallel and Fortune zones, but also the exploration
targets known as the No. 5 Plug and No. 3 Mine. The South cluster consists of the
No. 4 Plug, Triangle, and South Triangle zones. The West cluster consists of the
Sixteen Zone and No. 6 Vein.
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Figure 7.10 Lamaque South property geology and mineralized zones (from Beauregard et al., 2011)
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The Val-dOr Formation is characterized by interstratified and overlapping massive to

pillowed lavas and volcaniclastics of andesitic to rhyolitic composition. Reports also
mention one horizon identified as an exhalative chert horizon, and in another
instance, a horizon of magnetic agglomerate. Ground magnetic surveys and
interpretations for the most part have failed to resolve volcanic units of contrasting
magnetic susceptibility. Areas of enhanced magnetic susceptibility have generally
been interpreted to represent various intermediate porphyritic intrusives in the host
volcanics rather than volcanic units of contrasting magnetic susceptibility. Magnetic
surveys to date have therefore been of little help in deciphering stratigraphic and
structural relationships. According to Scott (2002) and based on yttrium-zirconium
ratios, the volcanics from the lower Val-dOr Formation are tholeiitic to calc-alkalic
transitional while up-section, to the south, the upper Val-dOr units are transitional
tholeiitic to calc-alkalic. Because of their intimate spatial association with most of the
known gold mineralization, the intermediate to mafic, mostly granodiorite to dioritic
plugs and associated porphyritic dykes and sills that intrude the Val-dOr Formation
are of particular importance. Structural and temporal relationships, however, remain
enigmatic for some of these porphyritic rocks because of poor outcrop exposure and
dominance of the pervasive and obliterating tectonic fabric.
Most of the gold production at the Lamaque Mine (immediately to the north of the
property) came from or was immediately adjacent to the Main Mine, largely in the
Main Plug. Significant production also came from the East Plug at the east end of the
Main Mine (not on the property). The Main Plug, measuring only 800 ft by 380 ft
(243.84 x 115.82 m), is a chimney-like body and concentrically compositionally
zoned. The outer rim of the body, in contact with its host volcanics, is diorite. Its
diorite rim grades into a porphyritic quartz diorite and the core of the pipe is
granodiorite. U-Pb zircon ages of 26853 Ma and 2682 Ma have been obtained on
the Main Plug (Jemielita et al, 1989). The West Plug, southwest of the Main Plug, is
only developed on a few levels and is a coarse porphyritic granodiorite. Similar pipelike porphyritic intrusions, the No. 4 and No. 5 plugs, occur on the property. The No.
6 Plug may be partly on the property. The No. 4 Plug measures 350 to 400 ft (106.68
x 121.92 m) in diameter and extends to a depth in excess of 3,000 ft (914.4 m). It
appears to be a composite intrusion with a western granodioritic portion and an
eastern portion of fine- to medium-grained diorite. Burrows and Spooner (1989)
reported that the Main, East and West plugs are unusually sodic and enriched in
barium and strontium, and suggest these compositions are magmatic. Risto et al.
(2004) consider that this sodium, barium and strontium enriched composition is more
likely a reflection of gold-related hydrothermal alteration. As pointed out by Patton
(1988), these plugs are foliated and have a consistent gross orientation with a steep
(70) northeastern plunge. U-Pb zircon geochronology dates the Main Plug at 2682
to 2685 Ma (Corfu, 1993), making them Timiskaming in age, post-volcanic but
syntectonic.
More obscure are the various other porphyritic dykes and sills commonly intersected
in drill holes and possibly concordant or subparallel with general stratigraphy, but
perhaps also extensively cross cutting. These sills and dykes, felsic to intermediate
in composition, are also important because of their common association with gold
mineralization. Many of these bodies are dykes and/or sills, but given the difficulties
of geological mapping, poorly defined deformation and pervasive hydrothermal
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alteration, the possibility that some of these rocks represent flows or synvolcanic
intrusions cannot be ruled out.
The volcano-sedimentary rocks have been metamorphosed to lower greenschist
facies (quartz + sericite + albite + chlorite + carbonate + actinolite + chloritoid). Scott
et al. (2002) reports that all flow units of the Val-dOr Formation have undergone
silicification, sericitization and carbonatization to some degree, probably as a
function of their original porosity. Throughout the drill logs prepared by Teck for the
Golden Pond and Tundra JVs, various types and extents of alteration are
documented. In most cases, the alteration is described as immediately peripheral, or
as enveloping quartz-tourmaline veins in either volcanics or intermediate porphyritic
rocks.
The volcanics, on a regional scale, strike east-west to northeast-southwest and dip
steeply to the north or south. Robert and Brown (1986) state that for units south of
the Bourlamaque Batholith, bedding is overturned with younging directions mainly to
the south. At the regional scale and on the property, an east-west, steeply dipping
tectonic fabric superimposed on the volcanic rocks obscures bedding in the
volcanics. Tecks latest geological compilation maps by Madon (1987) show very few
stratigraphic orientations. Most of the measurements for orientation on outcrops are
for schistosity, which is shown to be steeply dipping to vertical. Rarely are bedding
attitudes shown. The few primary attitudes that have been mapped are contacts
between volcanic rocks of contrasting texture and these often do not appear to
parallel the strike of interpreted stratigraphy. Interpreted stratigraphy also does not
always appear to parallel the trend of magnetic horizons.
Patton (1988) suggested that the volcanic rocks may be tightly folded, with the
"plugs" located at the fold noses. Tight folding would be compatible with the regional
interpretation. Patton also suggested that the "plugs" are in fact folded, with
thickened sills or dykes occurring in the fold noses. Burrows and Spooner (1989)
also suggested that the plugs represented the coalescence of parallel dykes.
7.2.6.
Aumaque Mine Geology

The Aumaque mine block covers 63.13 ha and is located east of the southern
portion of the Lamaque mine. Gold was discovered in 1934 by the Herbin Lake Gold
Syndicate and, in the period from 1944 to 1949, Aumaque Gold Mines completed
shaft development to 165 m and a winze from 150 to 198 m. Levels were established
at 38, 75, 115, 150 and 190 m below surface, and 2,191 m of lateral development
was completed on the 75 and 150 m levels.
Surface drilling totalling 27,705 m and 8,100 m of underground drilling were also
completed during this period. The mineralization was found to be consistent in style
with the vein types found at the Lamaque mine in pyroclastic volcanics. Diamond
drilling indicated that the vein structures extended to at least 230 m below surface. A
mineral resource of 181,436 t at a gold grade of 8.57 g/t was estimated in 1949.
This historical estimate was recorded in the Qubec Minfile (assessment work file),
but is not NI 43-101 compliant.
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Between 1987 and 1988, Alotta Resources Ltd (Alotta) dewatered and sampled the
mine and completed a total of 7,941 m of surface and underground drilling. Alotta
estimated the indicated resources to be 89,360 t at a grade of 6.03 g/t Au. This
historical mineral resource was reported in the Qubec assessment work files, but is
not NI 43-101 compliant. There has been no recent assessment of the Aumaque
property.
In both cases, the historical mineral resource estimates (1949 and 1988) should be
viewed as estimates that do not comply with the current CIM definitions and
standards, and thus should not be relied upon. The historical estimates indicate the
presence of gold mineralization related to the Aumaque mine property that may
warrant further exploration at a future date.
At the western end of the property and extending onto the Lamaque South property,
there is an untested diorite plug similar to plugs No. 4 and No. 5 at Lamaque. It has
been previously suggested that the known veins may extend into this plug, with the
result that fractured and mineralized systems similar to those mined at Lamaque
may have developed.
Mineralization consists of quartz veins and lenses in pods of massive sulphides that
contain pyrite, chalcopyrite, sphalerite, galena and tetrahedrite. Gold occurs as
visible gold and as tellurides in the quartz veins. Alteration and the presence of
fuchsite in sericite schist generally indicate a high gold content.
7.2.7.
Audet, Audet-Stoch, New Bidlamaque and Union Gold

The Audet, Audet-Stoch, New Bidlamaque and Union Gold properties comprise a
total of 42 claims, which are contiguous with the eastern end of the Lamaque mine
property. These claims cover the eastern extension of the main mineralized zone,
which has a strong east-west orientation parallel to the Larder Lake-Cadillac Break.
The strong east-west structures, diorite plugs and dykes, which host the
mineralization at the Lamaque mine, continue onto these claims and host known
mineralization similar to that on the Lamaque property. Evidence of the nature of the
mineralization is indicated by the historical drilling on the property, which produced
intersections of similar width and grade to that mined at Lamaque.
7.2.7.1.
Audet and Audet-Stoch

The Audet project consists of 71.40 ha and 8 mineral claims, and is located 2.5 km
east of the Sigma-Lamaque mine. A program of mapping and sampling was
conducted by McWatters during the summer of 2001. The geology is similar to that
at the Lamaque mine, but sampling did not return any significant results. Century
believed that further work was required on this project. The Audet-Stoch project
consists of 77.7 ha and 7 mineral claims, but no exploration data are available for
this property, to the best of Micons knowledge.
7.2.7.2.
New Bidlamaque
The New Bidlamaque project consists of 65.82 ha and 5 mineral claims on which
gold was discovered in 1933. The property was subsequently developed, with a 120-
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m shaft and 610 m of lateral development on levels at 45, 75 and 115 m. Exploration
consisted of 127 surface diamond drill holes. Surface exploration indicated a mineral
zone 168 m long and 1.52 m wide that contained 5.35 g/t gold and 1.8% copper to a
depth of 60 m. Development on the 45 m level exposed a vein 95 m long and 1.12 m
wide that contained 5.63 g/t gold and 1.72% copper. Development on the 115 m
level returned poor results. The historical mineral resource estimate, recorded in the
Qubec Minfile, dates from before 1949 and is 175,000 tonnes at 6.3 g/t gold and
1.2% copper. The estimate indicates the presence of gold and copper mineralization
that may warrant further exploration in the future.This resource is a historical estimate that
does not comply with current CIM definitions, and should not be relied upon.
The gold mineralization is in QTC veins in a shear zone within felsic to ultramafic
volcanics. Alteration within the shear consists of chloritization, talc, serpentine and
actinolite. Copper mineralization is in the form of chalcopyrite. Accessory minerals
include disseminated pyrite and pyrrhotite.
7.2.7.3.
Union Gold
The Union Gold project consists of 363.3 ha and 22 mineral claims. The mineralized
zone is 50 cm wide and is associated with a strong 5 m wide shear zone cutting
ultramafic lavas and marking the contact with a gabbro. The principal lithology is a
suite of intermediate volcanics of the Jacola Formation.
Mineralization consists of disseminated pyrite and pyrrhotite with traces of
chalcopyrite and bornite in veins and stringers in an ultramafic host rock. Small
shears, often accompanied by quartz veins with pyrite, bornite and chalcopyrite, cut
an andesite host. Quartz veins in the gabbro are barren.
7.2.8.
Sigma II (Vicour) and Sigma II East

Sigma II comprises the property previously known as the Vicour mine and is located
in Louvicourt Township approximately 30 km east of the city of Val-dOr. The
property is 420.02 ha in area and consists of 1 mining lease and 10 claims. The
Vicour gold deposit was discovered in 1924. During the period between 1933 and
1944, a shaft was sunk to a depth of 145 m, and 2,390 m of drifts, cross-cuts and
raises were excavated on three levels. Diamond drilling, from both surface and
underground, totalled 18,233 m.
The deposit is located in the upper granophyric part of the Vicour sill, which is a
tholeiitic gabbro sill intruded conformably between the Hva Formation volcanics to
the south and the Val-dOr Formation pyroclastics to the north. The sill strikes eastwest and dips steeply south.
Mineralization consists of QTC veins and stringers mineralized with pyrite, pyrrhotite,
chalcopyrite and arsenopyrite. Sulphides average 5% of the vein by volume. The
wall rock is variably mineralized with the same sulphides as the veins. Gold occurs
as fracture fillings in the pyrite and arsenopyrite.
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Early historical ore reserve estimates reported 453,000 tonnes at a grade of 4.67
g/t gold. Placer Dome subsequently developed and mined this resource as an open
pit operation with the ore processed at the Sigma mill.
7.3.
Mineralization
Some veins are confined entirely to the intrusive rocks, whereas some of the major
veins have considerable strike and dip length beyond the intrusions. Additionally,
several major veins have no direct relationship to any intrusive bodies. All veins form
boudin structures and can pinch down to a simple shear structure; however, it has
been found that dilation can develop at any point along these shear structures with a
resulting vein formation of economic length and width.
7.3.1.
Vein Material
Vein material (Fig. 7.11) consists mainly of QTC containing pyrite and scheelite.
Gold is associated with pyrite and can occur as visible specks or patches in the
quartz. Silver is also present in an Ag/Au ratio of 1 to 20.
Figure 7.11 Typical quartz-carbonate vein with coarse-grained visible gold in

the Sigma open pit. Photograph taken during Micons site visit in May, 2013.
Tourmaline can form up to 95% of the vein material. Subhorizontal veins show
tourmaline fibres cut by quartz ribbons, indicating repeated opening episodes.
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7.3.2.
Accessory Material
Minerals identified in the Lamaque mine, in addition to the main vein-forming
minerals, include ankerite, pyrite (up to 2.5% of the mill feed), pyrrhotite,
chalcopyrite, fuchsite, mariposite, lepidolite, tellurides (petzite, calaverite, krennerite,
tellurbismuth), sphalerite, magnetite and galena. Pyrite, chalcopyrite, pyrrhotite,
magnetite, sphalerite and the gold tellurides formed late in sequence of events.
7.3.3.
Alteration
Wall rock alteration varies from a few centimetres to 1 metre in thickness. There are
no hard rules about the location or frequency of alteration zones and alteration can
be present along one contact of the vein or both. The quartz-tourmaline veins
contain variable degrees of carbonate in the form of ankerite or calcite. Some degree
of alteration is always present in the veins, hence the designation QTC for the
veins. Zoned hydrothermal alteration consists of a proximal carbonate-albitecarbonate zone, commonly carrying gold values, which grades progressively
outwards into a muscovite-carbonate zone and to an outer chlorite-muscovitecarbonate halo. Chlorite, talc and fuchsite (chromium muscovite) occur to a lesser
degree, but this intense level of alteration also indicates the highest gold values
where it occurs.
Alteration chemistry within the QTC vein field, shown in Figure 7.12, exhibits
elevated calcium and potassium, and depleted sodium and magnesium. There are
also minor increases in chromium, copper and tungsten. The sodium depletion
comes from the destruction of plagioclase, with sodium incorporated into albite and
tourmaline.
Amphibole facies alteration has been observed in the lower levels of the mine,
indicating higher grade metamorphism with depth.
7.3.4.
Gold Deposition at the Sigma-Lamaque Mines

Gold content is independent of vein width. Century had noted that veins measuring 3
to 4 m wide in the No. 26 and 44 veins contained the same gold content as 4.5 cm
flat veins in the Lamaque No. 2 mine area. Century believed that this occurrence
probably is related to the depositional cycles and dilation episodes that introduced
the gold into the vein system. There was at least one pyrite mineralizing event that
occurred later than the initial quartz deposition and prior to the majority of the gold
deposition, as gold occurs in fractures in the quartz and fractures in the pyrite
crystals.
Century believed that the vein-forming sequence may have included the following
cycles:
Cycle 1 Q vein formation;

Cycle 2 Q vein formation with pyrite;
Cycle 3 Q vein formation with minor gold and pyrite;
Cycle 5 Q vein formation, wall rock alteration and majority of gold;
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Cycle 7 Q vein formation event with minor goldl
Cycle 8 Q vein formation.
Figure 7.12 Quartz-tourmaline-carbonate distribution in the Val-dOr district (modified

from Robert, 1994).
Century noted that the following points have been observed with respect to the vein
system:
7.3.5.
Not all cycles occurred in all veins;

Alteration appears to have been associated with only one cycle;
Scheelite deposition appears to be associated with only one cycle;
Pyrite deposition occurred in more than one cycle and could occur in any of
the cycles;
Tourmaline deposition occurred in more than one cycle and could occur in
any of the cycles;
The majority of the gold deposition occurred during alteration events;
Gold deposition occurred during more than one cycle.
Mineralized Zones at the Lamaque South Project

The following description of the Lamaque South Project is mostly summarized from
Beauregard et al. (2011).
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The more significant zones of gold mineralization or deposits known on the property
contain various simple vein structures, vein complexes and stockwork zones. These
zones are listed below:
Triangle Zone (South cluster);

South Triangle Zone (South cluster);
No. 4 Plug (South cluster);
Fortune Zone (North cluster);
No. 5 Plug (North cluster);
Parallel Zone (North cluster, including historical No. 10, 7 & 5 Veins);
No. 3 Mine area (North cluster, including No 1 & 2 Veins);
No. 6 Vein (West cluster);
No. 4 Vein;
Sixteen Zone (West Cluster);
Mylamaque Zone;
Sigma Vein.
From these mineralized zones and plugs, the most significant were subdivided into
three main clusters: North Cluster (Fortune, Parallel, No. 3 Mine, No. 5 Plug); South
Cluster (No. 4 Plug, Triangle, Triangle South); West Cluster (Sixteen, No. 6 Vein).
7.3.5.1.
North Cluster
Fortune Zone
The first drill holes were completed by Kalahari in the area north of the T-06
Magnetic anomaly in 2003 and further to the north, but cut no significant
mineralization. The first hole drilled in the area in 2004, T-06-04-01, was designated
as the Forestel Zone discovery hole (now called Fortune). It intercepted a zone of
0.183 oz Au per short ton over 16.5 ft ( 5 m).
Subsequently, eight (8) additional holes were drilled to the east and west on sections
at 100-ft (30.48-m) intervals and above the up-dip projection of the original
discovery. Several of these holes intersected several zones of mineralization
comprising quartz-carbonate and quartz-tourmaline veins with fine pyrite in foliated
or tuffaceous mafic volcanics. Mineralization in holes T-06-04-06 and T-06-04-02,
and sporadic mineralization in T-06-04-08 up-dip from the original discovery, can
perhaps be correlated with the original discovery intersection. Other correlations are
more tenuous. Assuming that the Fortune Zone represents veins in a series of
steeply dipping, east-west-trending P and Riedel shears, the true widths for the
discovery zone (intersection length of ~16.5 ft or 5 m) might be on the order of 60%
of this figure, for about 10 to 12 ft (3.04 to 3.65 m).
Parallel Zone
Parallel Zone and the No. 10 Vein complex are both located northwest of the No. 3
Mine (Fig. 7.10). They consist of several subparallel en echelon pinch and swell
veins, which are hosted within a narrow tabular shear zone or corridor that cuts
across all lithological units. The vein itself generally ranges in width between 6 and
60 in (15.24 and 152.4 cm) and attains a maximum thickness of 103 in
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(approximately 261.62 cm) in drill hole G-88-8. The higher-grade portion of this vein
extends from section 111E to section 156E, a strike length of 1,150 ft (350.52 m). It
dips between 50 and 60 towards the south and has a known vertical extent of 400
ft (121.92 m) between 300 and 700 ft (91.44 and 213.36 m) below surface.
The majority of the mineralization is hosted within fine- to medium-grained diorite
with generally 1 to 3% of disseminated pyrite, locally up to 5%. Some zones are
within intermediate to mafic volcanic rocks with 1 to 3% disseminated pyrite.
The vein is hosted by a series of andesitic to dacitic flows, crystal tuffs and lapilli
tuffs. Rocks proximal to the vein are reported as silicified. The highly siliceous zones
are competent and dyke-like in shape.
The vein or vein segments are composed primarily of quartz and carbonate with
lesser amounts of tourmaline and chlorite. Pyrite is the predominant sulphide
mineral, but it is rarely present in quantities greater than 5%. In wider veins, pyrite
and gold are typically confined to the margins of the vein, while the bulk of the vein is
made up of bull quartz, carbonate fragments and tourmaline.
The most recent interpretation of the No. 10 vein system for Teck by H. Hugon
indicated that the veining is disrupted by a series of near-vertical normal faults.
These faults strike approximately east-west and have displaced the vein between 10
to 20 ft (3.48 to 6.09 m). They do not appear to be genetically related to the
mineralization since they are generally barren except in close proximity to the
veining.
No. 5 Plug
The No. 5 Plug is located in the northwest part of the tailings, approximately 500 m
northeast of the Parallel Vein Zone and 790 m north of No. 3 mine shaft, to which it
is connected by a drift on the 700-ft (213.36 m) level. The No. 5 Plug was mined,
yielding 5,572 short tons grading 0.11 oz Au/ton (5,054 t grading 3.8 g Au/t) from
workings above the 3,200-ft (975 m) level. It is located 1.5 km from the Main mine
shaft.
The No. 5 Plug is composed of fine- to medium-grained diorite, 200 to 250 m in
diameter with potential expansion at depth. It is mixed with a granodioritic intrusion.
The two intrusive units have similar competency and therefore should be equally
good hosts for gold-bearing quartz veins; however, mining was restricted to the
dioritic portion of the intrusive.
No. 3 Mine (No. 1 Vein)
The No. 1 Vein is located 300 ft (91.44 m) north of the No. 3 mine shaft, southeast of
the No. 10 vein complex (Fig. 7.10). The vein is continuous over an east-west strike
length of about 1,000 ft (304.8 m), extending from the 700 ft to 1,200 ft (213.36 to
365.76 m) levels, and dips to the south at 80. It ranges in width from 30 to 42 in
(76.2 to 106.68 cm). Potential for additional mineralization exists at depth where the
vein was intersected in four other holes. None of these, however, encountered
economic values. The auriferous zone most probably follows a plunge towards the
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east as is often observed for gold concentrations in ore shoots of the camp in
general.
The vein is composed primarily of quartz and carbonate with lesser amounts of
tourmaline. Pyrite is the predominant sulphide mineral, but is rarely present in
quantities greater than 5 to 7%.
7.3.5.2.
South Cluster
No. 4 Plug
The No. 4 Plug is located on the southeastern part of the tailing, approximately 3,500
ft (1,066.8 m) southwest of No. 3 mine shaft, to which it is connected by drifts on the
450 ft and 700 ft levels (137.16 m and 213.36 m). The No. 4 Plug was mined and
yielded 160,000 tons grading 0.152 oz Au per short ton (145,136 tonnes grading
5.21 g Au/t) from workings above the 700 ft level (213.36 m). Production for the No.
3 Mine and No. 4 Plug areas lasted from July 1961 to 1967.
The No. 4 Plug is composed of an easterly portion of fine- to medium-grained diorite
measuring 300 to 400 ft in diameter (106.68 to 121.92 m). It is enveloped on the
west side by a granodioritic intrusion, which extends to the west for an additional 275
ft (83.82 m). The two intrusive units have similar competency and therefore should
be equally good hosts for gold-bearing quartz veins; however, mining was restricted
to the dioritic portion of the intrusive.
The intrusions are cut by a series of near-vertical shears striking 70 to 90 and
dipping 70 to 85 to the south. The best developed of these shears is the No. 6
fault/shear. It has a dextral displacement of approximately 200 ft (60.96 m) and
vertical displacement of 60 to 80 ft (18.28 to 24.38 m). The vertical shears have
probably produced the brittle (Riedel) shears and tension fractures, which are
believed to be the conduits along which the gold-bearing solutions migrated.
The quartz veins are hosted by three dominant structural features: a) ductile "P"
shears; b) brittle "Riedel" or "R" shears; and c) tension veins.
The best mineralization is interpreted as occurring in a series of stacked, tabular
subhorizontal bodies of minimum mining width interpreted to be tension veins.
Triangle Zone
The Triangle Zone was discovered by drill testing an ovoid shaped magnetic
anomalous zone which corresponded to a younger dioritic intrusion. The anomalous
zone extends both east and west over a strike length of 393 m and is 785 m wide. In
drill core, the mineralized veins occur as part of a related vein cluster within the
fractured and altered zones of the tonalite, which intrudes the surrounding
intermediate to mafic volcanic rocks (mostly lapilli and blocky tuffs, undifferentiated
pyroclastic and basalt). North of the Triangle Zone, two other similar ovoid shaped
anomalous magnetic zones are believed to correspond to mineralized intrusions.
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South Triangle Zone
The South Triangle Zone was discovered by drill testing an ovoid shaped magnetic
anomalous zone which corresponded to intermediate volcanic units with magnetite
and pyrrhotite. The auriferous zone is not this ovoid anomaly but an auriferous
quartz-carbonate-tourmaline-pyrite vein with free gold within blocky and lapilli tuff.
This zone was recognized over 100 m east-west and 50 m at depth.
7.3.5.3.
West Cluster
Vein No. 6
Vein No. 6 is located approximately 2,000 ft (609.6 m) west of the No. 1 Main shaft
(Fig. 7.10). The vein has an east-west strike length of about 800 ft (243.84 m). Veins
interpreted to be tension veins dip at about 50. Steeper dipping veins (75) are
interpreted to be hosted in Reidel shears.
The vein is hosted by a series of massive andesite or dacite, crystal tuffs and lapilli
tuffs, with several feldspar porphyry dykes. Generally a series of shear zones with
vein injections cut across the dykes and tuffs. The vein itself generally ranges in
width between 2.54 and 76.2 cm.
The veins are composed primarily of quartz and carbonate with lesser amounts of
tourmaline and chlorite. Pyrite is the predominant sulphide mineral, but is rarely
present in quantities greater than 5%.
Sixteen Zone
The Sixteen Zone was named for the T-16 magnetic anomaly defined in a
geophysical compilation from 1986. It is located in the western part of the property,
just north of the southern By-Pass road (Fig. 7.10). This zone is oriented roughly
east-west and has a strike length of 800 ft (243.84 m). The zone is a system of
quartz-tourmaline-pyrite veins and associated alteration, within a steeply northdipping, east-northeast trending, feldspar porphyry granodiorite dyke. The host dyke
carries 15-20% medium-grained, subhedral to euhedral, zoned feldspar phenocrysts
in a sericitic, light grey, aphanitic matrix. In general, foliation is weak but becomes
strong to intense in the vicinity of the veins. This dyke, which can be up to 400 ft
(121.92 m) wide, is one of several in a swarm that has intruded the surrounding lapilli
to blocky tuff, and the dyke probably extends the length of the property.
Within the property the mineralized zones are defined as structurally controlled
mesothermal deposits, which are typical of the Abitibi Greenstone Belt and abundant
in other Archean greenstone belts around the world. The gold-bearing quartztourmaline veins are young in geologic age and cut all rock types, including irregular
intrusive (diorite) bodies affected by regional deformation and greenschist grade
metamorphism. In the Sixteen Zone, most of the gold intersection was in a
porphyritic diorite and porphyritic granodiorite, with 1 to 5% of pyrite in quartztourmaline-sericite-carbonate veins.
The quartz-tourmaline veins dip shallowly to the north and are usually confined to the
core of the granodiorite dyke, although occasionally they are seen along the
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granodiorite/volcanic contact. Correlation between vein intersections in adjoining

holes has proven difficult, and it is not known if the veins are tabular and laterally
extensive or if they are more cylindrical.
The veins vary in true width from less than an inch to several feet. Tourmaline can
be up to 60%, but most often comprises 15-20% of vein volume. Pyrite occurs as
medium to very coarse pyrite cubes within the veins. Strong to intense sericite and
silica alteration has been observed, plus or minus minor tourmaline and fuchsite,
with gray to pink to beige selvage displaying strongly foliated, remnant, porphyritic,
granodiorite texture. The selvages carry from 5 to 10% fine to coarse pyrite cubes.
Gold is found along the contacts of tourmaline patches within the veins, as faint
irregular gold-coloured patches in pyrite cubes, or as cryptic gold within the
selvedges.
It is possible that the veins and strongest alteration are concentrated in a pipe-like
feature, the plunge of which is unknown. The occurrence of the zone within one
granodiorite unit at this particular place is an enigma. Flexing and cracking of the
granodiorite associated with a nearby controlling structure, acting as a conduit from a
nearby plug or intrusive may be one explanation. However, at this time, all is
conjecture, and the relatively unexplored length of the granodiorite dyke remains an
important drilling target.
Other Mineralized Zones
Several zones of mineralization (No. 35 Vein, North Shear and South Shear) located
north of and/or within the No. 5 Plug were drilled by the Teck-Tundra JV from 1986
to 1988. Numerous other zones of mineralization have been reported or intersected
on the property. Many of these zones were defined by intersections described in pre1988 drill holes. In order to use this older data, a review of the older drill hole logs
and a creation of a digital database is required so that the intersections can be
plotted on plan and section. These zones, and new zones such as the Sigma Zone,
will also be validated and verified with additional drilling, and eventually evaluated
with definition drilling to allow resource calculations to be completed.
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8.
DEPOSIT TYPES
Historical records show that gold in the Val-dOr area has been a significant
exploration target since the early 1920s. The majority of these discoveries, including
the Sigma and Lamaque deposits, are sulphide-poor quartz veins or quartzcarbonate-tourmaline (QTC) veins hosted within shear zones and contacts in
greenstone-facies metamorphic rock units.
The regional geological settings of the Lamaque Project are favourable for
greenstone-hosted quartz-carbonate vein deposits, a subtype of lode gold deposits.
They are also known as mesothermal gold deposits, orogenic lode gold deposits,
shear-zone-related quartz-carbonate or gold-only deposits (Roberts, 1987). The
deposits occur as quartz and quartz-carbonate veins, with valuable amounts of gold
and silver in faults and shear zones located within deformed terranes of ancient to
recent greenstone belts.
According to Robert et al (2005), distinctive features of this deposit type are:
Volcanic- or sediment-dominated greenstone belts;

Regional crustal-scale shear zone;
Local shear zones, especially with bends and intersections;
Iron-rich lithologies;
Felsic porphyry intrusions;
Zoned carbonate alteration with proximal sericite-pyrite;
Ore chemistry characterized by Au>Ag (typical ratio of 510), As, W, B and
Mo, and typically absent or very low concentrations of Cu, Pb, Zn. ;
No vertical metallic zoning signature.
The Lamaque and Sigma deposits are located along the Cadillac Break, which is a
major prolific gold producing area across the Canadian provinces of Qubec and
Ontario. The Cadillac Break is part of a complex shear-fault system that extends
across the Abitibi Greenstone Belt from Matachewan through Kirkland Lake and ValdOr. In the Malartic-Val-dOr area, the break is more complex than further west,
forming a system of faults and shear zones in a belt some 6 km wide. All of the
developed gold deposits are located north of the Cadillac Break.
The mineralizing system at Lamaque has been traced over 3,000 m east-west, 2,700
m north-south and to a depth of 1,900 m. Many mineralized areas within the system
are open on both strike and dip.
Volcanism in the region has been dated at 2,705 million years. K-Ar dating of the
biotite found in the QTC veins has placed the mineralizing events at 2,429 50
million years. This places the gold mineralizing event(s) well after volcanic activity
ceased.
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The QTC veins occur in low to medium grade metamorphic rocks with brittle-ductile
rock behaviour. The gold occurs in the QTC veins or as disseminations immediately
adjacent in the altered wall rocks. The distribution of tourmaline within the
mineralized zones and the volcanic rocks, adjacent to the Bourlamaque Batholith,
suggests that the batholith was potentially the source of the gold.
The Sigma and Lamaque gold deposit has been classed as a greenstone-hosted
shear zone-related quartz carbonate vein deposit. These types of gold deposits are
formed in a deep environment associated with a major shear zone. Very often they
are volcanic-hosted, with ribboned quartz veins and carbonate alteration. Figure 8.1
is a schematic diagram illustrating the typical setting for a greenstone-hosted quartzcarbonate vein deposit.
Figure 8.1 Schematic diagram illustrating the typical setting for a

greenstone-hosted quartz-carbonate vein deposit. Source: Modified from
Poulsen et al. (2000) and Robert (2004).
Micon has observed and discussed the exploration programs during its various site
visits to the Lamaque Project over the years. Micon notes that the exploration
programs have been planned and executed on the basis of the deposit model
discussed above. For the most part, drilling was planned and executed to cross-cut
the specific mineralization style being targeted, but due to the complex orientation of
the different styles of mineralization, the drill holes will generally cut across other
styles of mineralization as well.
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9.
EXPLORATION
9.1.
Sigma-Lamaque Mining Complex

Following the acquisition of Sigma-Lamaque mining complex by Integra on October
09, 2014, and as part of Integras proposed exploration program, a full evaluation of
the exploration potential of the project, including the areas surrounding the historical
mine workings, will be conducted.
9.2.
Lamaque South Property

No exploration work was completed on the Lamaque South property by the issuer
except the diamond drilling program described in item 10.
March 27, 2015 Integra Gold Corp..
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10.
DRILLING
10.1.
Sigma-Lamaque mining complex

In 2014, Integra Gold completed one (1) diamond drill hole on the Property (Parallel
Ramp area) for a total length of 236.69 m. The aim of this program was to verify the
geological context and the presence of mineralization. Technical parameters are
presented in Tables 10.1
Table 10.1 2014 Technical Parameters on the Sigma-Lamaque

(Parallel Ramp Area)
Drill Hole No.
Zone
East UTM
North UTM
Elevation
Azimuth
Dip
Length (m)
PRS-14-01
Parallel Ramp
(Sigma)
294823.90
5330630.13
328.74
358.3
-49.6
236.69
Integra used appropriate QA/QC protocols, employing duplicates, blanks and

standards. A total of 44 core samples and 6 QA/QC control samples were collected
for a total sampled length of 39 m (16% of total drill hole core length.
10.2.

During the period from June to December 2013, a total of 24,339.48 m of diamond
drilling was completed on the South Triangle, Mine No. 3 and Parallel zones by
Orbit-Garant Drilling of Val-dOr, Qubec. The drill core samples were assayed by
Bourlamaque Assay Laboratory and ALS Chemex at their respective facilities in ValdOr, Qubec. Most of the drilling consisted of definition diamond drilling on the
Parallel Zone and exploration drilling on the South Triangle Zone and No. 3 Mine
targets.
During the period of January to December 2014, drilling was completed by OrbitGarant Drilling of Val-dOr (Qubec), totalling 41,870.05 m. The drill core samples
were assayed by Bourlamaque Assay Laboratory in Val-dOr (Quebec). The
diamond drilling program was carried out on the Triangle Zone, the Mylamaque
Zone to test geophysical targets, the Fortune Zone and the No. 5 Plug, and to
perform condemnation drilling related to the future mining installation, in addition to
drilling several holes for geotechnical purposes on the Triangle and Parallel Zones.
During the period from January 7 to February 10, 2015, drilling was completed by
Orbit-Garant Drilling of Val-dOr (Quebec), totalling 9,328 m. The drill core samples
were assayed by Bourlamaque Assay Laboratory in Val-dOr (Quebec). The
diamond drilling program was carried out to test geophysical targets, the No.3 Mine,
the Triangle Zone and to perform condemnation drilling related to the future mining
installation in the Parallel Zone area.
The planning, core logging, data validation and supervision of the 2013 to 2015
drilling programs were completed by Geologica of Val-dOr, Qubec, with Integra
Gold providing technical and logistical assistance.
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10.2.1.
South Triangle Zone

During period the June to December 2013 diamond drill program, Integra Gold
completed thirteen (13) diamond drill holes on the South Triangle Zone for a total
length of 6,965.67 m. The aim of this program was to verify a magnetometric
anomaly and the depth extensions of some of the mineralized zones in the Triangle
Zone. Technical parameters are presented in Table 10.2, and drill hole locations are
provided in Figure 10.1.
The main lithologies reported in drill core from the South Triangle Zone are basalt,
lapilli tuff and block tuff, with some minor sedimentary sequences. The volcanic and
sedimentary units often alternate with small granodiorite-diorite or gabbro sills and/or
dykes. Generally chloritized, sericitized and silicified, the units are sheared and
fractured. Faults are locally observed. Several mineralized veins were noted, varying
in length from 0.5 cm to 100 cm, with trace to 5% pyrite (locally up to 10%), and very
locally trace to 3% pyrrhotite. The veins are made up of quartz-carbonatetourmaline-chlorite and/or sericite-feldspar; epidote and calcite are rare.
Integra Gold used appropriate QA/QC protocols, employing duplicates, blanks and
standards. A total of 3,249 core samples and 440 QA/QC control samples were
collected for a total sampled length of 3,134.40 m (45% of total drill hole core
length).
Table 10.2 2013 technical parameters on the South Triangle Zone

Drill hole
East UTM
North UTM
Elevation
Azimuth
Dip
Length(m)
TMS-13-01
296382.48
5327881.02
325.10
357.83
-47.60
440.90
TMS-13-02
296382.53
5327880.40
324.95
358.24
-63.92
541.12
TMS-13-03
296777.56
5327862.33
325.67
349.64
-57.94
575.64
TMS-13-04
296505.91
5327946.93
329.04
358.18
-54.40
434.42
TMS-13-05
296375.76
5328146.15
327.25
2.77
-51.00
1,079.76
TMS-13-06
296315.87
5328139.39
323.30
359.80
-56.10
1,163.10
TMS-13-07
296451.11
5328122.50
327.00
358.30
-53.42
1,138.36
TMS-13-08
296451.11
5328121.98
326.98
356.10
-70.92
468.20
TMS-13-09
296449.00
5328123.00
320.00
32.90
-54.90
15.11
TMS-13-09A
296450.73
5328121.87
326.99
18.51
-53.13
375.09
TMS-13-10
296450.59
5328121.62
326.96
17.72
-62.95
386.90
TMS-13-11
296448.00
5328129.00
320.00
350.50
-65.80
15.00
TMS-13-11A
296449.56
5328130.98
326.69
354.46
-65.55
332.07
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Figure 10.1 Location of diamond drill holes on the South Triangle zone
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10.2.2.
No. 3 Mine
Between June and end of December 2013, twelve (12) diamond drill holes were
completed in the No. 3 mine area for a total of 4,784.67 m, with the objective of
exploring historical veins No. 1 and No. 2 at depth, and confirming historical gold
values reported by previous operators. Table 10.3a presents the technical
parameters of each drill hole, and Figure 10.2 shows the drill hole locations. No
resources estimation was done yet for this zone.
Between January 7 and February 10, 2015, five (5) diamond drill holes were
completed in the No. 3 mine area for a total of 2,163.7 m, with the objective of
exploring historical veins No. 1 and No. 2 at depth, and confirming historical gold
values reported by previous operators. Table 10.3b presents the technical
parameters of each drill hole, and Figure 10.2 shows the drill hole locations.
Table 10.3a 2013 technical parameters in the No. 3 mine area

Drill hole No.
East UTM
North UTM
Elevation
Azimuth
Dip
Length (m)
M3-13-01
295408.51
5329510.73
324.05
359.17
-71.33
180.14
M3-13-01A
295408.29
5329496.98
323.83
0.03
-70.87
89.82
M3-13-02
295548.67
5329488.45
323.19
357.54
-70.45
482.54
M3-13-03
295190.00
5329510.00
320.00
353.30
-73.20
84.05
M3-13-03A
295183.13
5329506.34
324.84
358.06
-71.66
563.13
M3-13-04
295183.28
5329506.85
324.85
0.35
-54.80
405.72
M3-13-05
295240.82
5329487.92
324.62
357.83
-71.06
501.00
M3-13-06
295240.83
5329488.58
324.46
356.56
-53.36
439.68
M3-13-07
295292.93
5329441.53
324.48
355.97
-49.42
461.23
M3-13-08
295342.79
5329453.52
324.42
356.97
-63.09
473.85
M3-13-09
295482.95
5329432.01
323.64
1.76
-48.66
492.76
M3-13-10
295482.91
5329431.58
323.66
0.91
-60.35
610.75
Table 10.3b 2015 technical parameters in the No. 3 mine area

Drill Hole No.
East UTM
North UTM
Elevation
Azimuth
Dip
Length (m)
M3-15-01
295425.00
5329467.00
324.00
355.1
-75.3
399.30
M3-15-02
295400.00
5329418.00
324.00
4.4
-64.1
353.88
M3-15-03
295375.00
5329420.00
324.00
357.9
-59.8
449.99
M3-15-04
295350.00
5329400.00
324.00
358.4
-64.9
501.16
M3-15-05
295325.00
5329450.00
324.00
358.2
-59.8
459.37
The main lithologies encountered in the No. 3 Mine area were diorite sills with local
occurrences of small feldspar porphyry dykes. Generally chloritized, sericitized and
silicified, the units are also sheared and fractured. Several mineralized veins with
trace to 5% pyrite were logged, with lengths varying between 0.5 cm and 100 cm.
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The veins comprise quartz-carbonate-tourmaline-chlorite and/or sericite-feldspar

assemblages; epidote and calcite are rare.
collected in 2013 for a total sampled length of 1,545.94 m (32% of total drill hole
core length).
collected in 2015 for a total sampled length of 1,005 m (46% of total drill hole core
length).
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Figure 10.2 Location of diamond drill holes in the No. 3 mine area
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10.2.3.
Parallel Zone
During the fall of 2013, forty (40) diamond drill holes were completed in the Parallel
Zone with a total of 12,589.14 m drilled, with the objectives of exploring the depth
extension of the zone and completing the definition drilling. Table 10.4 presents the
technical parameters of each drill hole and Figure 10.3 displays the drill holes
location.
Table 10.4 2013 technical parameters on the Parallel Zone
Drill Hole No.
East UTM
North UTM
Elevation
Azimuth
Dip
Length (m)
PV-13-01
294801.48
5329993.25
328.75
331.72
-72.70
613.69
PV-13-02
294901.33
5330096.22
327.36
327.41
-72.31
645.11
PV-13-03
294901.18
5330096.33
327.31
328.22
-65.14
588.00
PV-13-04
294952.48
5329884.93
327.49
325.93
-58.97
667.29
PV-13-05
294792.80
5330162.60
173.00
345.60
-73.10
400.18
PV-13-06
294830.40
5330105.10
123.00
329.20
-68.70
363.37
PV-13-07
295123.00
5330074.80
77.90
342.10
-72.20
462.81
PV-13-08
295012.00
5330062.40
91.80
345.30
-73.20
524.12
PV-13-09
294917.91
5330032.95
327.60
348.95
-66.41
515.62
PV-13-10
294959.47
5330079.20
327.16
345.64
-68.50
530.88
PV-13-11
294985.71
5330100.45
327.43
346.60
-63.31
231.60
PV-13-12
294777.82
5329790.96
328.81
349.98
-65.44
636.39
PV-13-13
294825.78
5329999.44
328.28
350.85
-55.56
256.22
PV-13-14
294898.47
5329994.81
328.18
341.58
-66.64
288.69
PV-13-15
294996.23
5330116.38
327.74
340.66
-53.23
151.62
PV-13-16
295000.00
5330046.01
327.23
348.27
-52.06
253.45
PV-13-17
295000.18
5330020.55
327.43
344.19
-48.50
216.78
PV-13-18
294880.77
5330022.19
327.79
347.44
-64.23
225.21
PV-13-19
294850.04
5330029.13
328.45
347.55
-59.81
210.53
PV-13-20
295002.12
5329964.03
327.28
342.61
-50.87
264.41
PV-13-21
295023.90
5329969.81
327.13
349.89
-52.90
246.71
PV-13-22
295049.43
5329980.03
327.06
345.51
-47.32
318.25
PV-13-23
295020.48
5330120.61
327.63
337.91
-50.11
174.42
PV-13-24
294824.56
5330114.53
332.52
357.27
-50.38
168.27
PV-13-25
294844.64
5330104.49
331.60
346.04
-63.29
198.29
PV-13-26
294872.93
5330097.59
328.31
347.64
-58.14
210.49
PV-13-27
294922.34
5330061.93
327.53
347.29
-53.82
282.54
PV-13-28
295048.53
5330074.62
327.69
337.93
-59.30
231.79
PV-13-29
294935.20
5330037.49
327.39
349.42
-54.36
249.52
PV-13-30
294973.30
5330104.93
327.34
347.13
-51.71
192.58
PV-13-31
295078.07
5330076.42
327.30
346.07
-56.66
234.49
PV-13-32
295075.00
5330065.00
326.80
344.40
-57.80
247.53
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Drill Hole No.
East UTM
North UTM
Elevation
Azimuth
Dip
Length (m)
PV-13-33
294926.03
5330002.87
327.92
342.28
-65.48
276.17
PV-13-34
295079.43
5329997.18
326.75
345.13
-59.77
52.90
PV-13-35
295097.29
5330009.37
326.83
338.00
-54.50
272.78
PV-13-36
294920.81
5329979.01
327.83
339.08
-65.06
276.11
PV-13-37
295099.99
5329992.68
326.92
353.45
-59.97
269.40
PV-13-38
295125.00
5329965.00
326.40
343.60
-60.00
38.70
PV-13-38A
295124.20
5329972.23
326.40
347.59
-59.93
284.00
PV-13-39
294973.68
5329960.22
327.71
344.03
-52.92
318.23
The drill holes were completed to verify the lateral and depth extensions of some of
the best results obtained in 20102011. Drill holes intersected gabbro-diorite
intrusive units with alternating metre-scale bands of felsic to intermediate volcanics
of rhyolitic to dacitic composition. Locally silicification and sericitization are present.
Shearing is observed within the gabbro-diorite accompanied with intense
chloritization, local fracturing, brecciation and pyritization (pyrite content from 2 to
3%; locally to 1015%). Locally, pyrrhotite is present with similar proportions as
pyrite. The gabbro-diorite host is weakly to moderately magnetic. Several quartzcarbonate veins were sampled, the thickest being 15 to 20 cm.
collected for a total sampled length of 5,364.52 m (43% of total drill hole core length).
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Figure 10.3 Location of diamond drill holes from diamond drilling programs on the Parallel Zone
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10.2.4.
No. 6 Vein and Sixteen Zone

In 2010, 2011 and 2012, Integra Gold completed fourteen (14) diamond drill holes on
the Sixteen Zone totalling 2,816 m, and sixteen (16) diamond drill holes on the No. 6
Vein for a total length of 3,979.51 m. Tables 10.5a and 10.5b respectively list the
technical parameters of the drill holes for those zones, and Figures 10.4 and 10.5
display the drill hole locations.
Table 10.5a 2010 technical parameters on the Sixteen Zone

Drill Hole #
East UTM
North UTM
Elevation
Azimuth
Dip
Length(m)
SX-04-18-EXT
292 366.30
5 329 609.79
324.11
112.3
-85.5
51.00
SX-04-19-EXT
292 393.38
5 329 608.97
323.70
93.8
-84.4
80.36
SX-04-31-EXT
292 364.62
5 329 625.91
324.12
73.9
-83.7
51.00
SX-10-01
292 314.71
5 329 562.31
324.59
330.5
-69.1
276.00
SX-10-02
292 276.66
5 329 613.23
324.72
81.8
-64.4
303.00
SX-10-03
292 363.71
5 329 593.30
324.26
95.0
-55.2
150.00
SX-10-04
292 396.62
5 329 556.00
324.14
341.0
-70.7
282.00
SX-10-05
292 450.03
5 329 596.58
324.88
53.8
-81.9
102.00
SX-10-06
292 373.04
5 329 712.55
323.29
164.9
-45.2
201.00
SX-10-07
292 543.67
5 329 742.04
323.12
160.2
-51.6
252.00
SX-10-08
292 631.76
5 329 788.77
321.65
153.6
-54.7
252.00
SX-10-09
292 650.34
5 329 582.35
322.75
338.4
-58.4
252.00
SX-10-10
292 339.19
5 329 568.68
324.51
344.5
-68.7
282.00
SX-10-11
292 381.72
5 329 562.59
324.00
344.0
-68.0
282.00
Table 10.5b 2012 technical parameters on the No. 6 Vein

Drill Hole #
East UTM
North UTM
Elevation
Azimuth
Dip
Length (m)
V6-12-01
293465.00
5330061.00
320.00
359.7
-52
300.00
V6-12-02
293465.00
5330061.00
320.00
358.8
-60
318.00
V6-12-03
293265.00
5330061.00
320.00
357.1
-52
471.00
V6-12-04
293265.00
5330061.00
320.00
359.5
-64
305.92
V6-12-05
293515.00
5330061.00
320.00
4.5
-52
250.00
V6-12-06
293515.00
5330061.00
320.00
359.4
-59
306.06
V6-12-07
293320.00
5330004.00
320.00
358.6
-54
330.00
V6-12-08
293320.00
5330004.00
320.00
352.7
-63
32.22
V6-12-08A
293320.00
5330004.00
320.00
351.4
-67
30.00
V6-12-08B
293320.00
5330004.00
320.00
3.9
-64
381.00
V6-12-09
293420.00
5330010.00
320.00
8.2
-56
24.05
V6-12-09A
293420.00
5330010.00
320.00
355.2
-50
369.00
V6-12-10
293420.00
5330010.00
320.00
6.5
-64
258.93
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Drill Hole #
East UTM
North UTM
Elevation
Azimuth
Dip
Length (m)
V6-12-11
293320.00
5330004.00
320.00
0.9
-73
432.49
V6-12-12
293320.00
5329985.00
320.00
8.0
-74
21.00
V6-12-12A
293320.00
5329985.00
320.00
2.9
-71
149.84
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Figure 10.4 Location of diamond drill holes from diamond drilling programs on the Sixteen Zone
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Figure 10.5 Location of diamond drill holes from diamond drilling programs on No. 6 Vein
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10.2.5.
Triangle Zone and Mylamaque Area

In 2014, eight (8) diamond drill holes were completed on the Triangle Zone in the
Mylamaque area in order to validate and verify the lateral and depth extensions of
previous drill holes and understand subhorizontal vein network occurrences. A total
of 1,326.20 m was drilled. Table 10.6a shows the technical parameters of this
program, and Figure 10.6 shows the locations of these drill holes.
Integra Gold used an appropriate QA/QC protocols previously elaborated by
Geologica, employing duplicates, blanks and standards. A total of 375 core samples
and 50 QA/QC control samples were collected, for a total sampled length of 349.10
m (26% of total drill hole core length).
Table 10.6a 2014 technical parameters on the Triangle Zone
Drill hole #
East UTM
North UTM
Elevation
Azimuth
Dip
Length(m) Overburden
TMC-14-01
296054.42
5328493.54
322.53
3.0
-59.2
293.30
21.00
TMC-14-03
295951.82
5328595.35
323.57
1.6
-54.5
101.84
4.40
TMC-14-04
295802.78
5328678.15
328.34
0.4
-53.9
114.34
2.79
TMC-14-05
295709.44
5328731.78
324.01
6.1
-58.5
110.87
15.35
TMC-14-06
295803.45
5328787.27
327.95
1.5
-56.1
116.74
4.30
TMC-14-07
295700.28
5328585.36
323.89
1.6
-54.5
110.58
9.20
TMC-14-08
295582.04
5328677.03
325.42
358.9
-56.1
125.41
3.26
TMC-14-09
295673.99
5328794.46
323.85
4.8
-54.8
353.12
6.30
During the diamond drill program fromJanuary 2014 to February 2015, Integra Gold
completed seventy-three (73) diamond drill holes on the Triangle Zone for a total
length of 25,640.41 m (2014) and 4,783.41 m (2015). The aim of this program was to
verify the depth and southern extensions of some of the mineralized envelopes
previously defined during the previous campaign. Technical parameters are
presented in Tables 10.6b and 10.6c, and drill hole locations are provided in Figure
10.6.
The main lithologies reported in drill core from the Triangle Zone are lapilli and block
tuffs with several dioritic intrusions. Generally, tuffaceous units are chloritized and
sericitized, locally carbonated, sheared and fractured. Faults are locally observed.
Several mineralized veins were noted, varying in length from 0.5 cm to 130 cm, with
trace to 5% pyrite (locally up to 10%), and very locally trace to 2% chalcopyrite. The
veins are made up of quartz-carbonate-tourmaline and/or sericite-feldspar; epidote
and calcite.
standards. In 2014, a total of 12,319 core samples and 1,714 QA/QC control
samples were collected for a total sampled length of 11,593.89 m (45% of total drill
hole core length). In 2015, a total of 1,326 core samples and 185 QA/QC control
samples were collected for a total sampled length of 1,535.97 m (28% of total drill
hole core length).
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Table 10.6b 2014 technical parameters on the Triangle Zone

Drill Hole No.
East UTM
North UTM
Elevation
Azimuth
Dip
Length(m)
TM-14-01
296573.81
5328330.03
322.72
359.9
-63.8
401.72
TM-14-02
296548.64
5328286.65
322.86
355.4
-55.1
478.54
TM-14-03
296500.00
5328320.00
322.86
354.9
-55.0
41.22
TM-14-03A
296489.72
5328322.83
322.86
358.7
-56.2
705.03
TM-14-04
296472.23
5328329.02
322.97
352.0
-61.0
390.87
TM-14-05
296456.65
5328333.79
323.01
1.9
-70.7
337.46
TM-14-06
296423.23
5328556.08
321.89
1.1
-49.4
345.17
TM-14-07
296430.44
5328332.66
322.91
358.7
-65.3
474.94
TM-14-08A
296397.14
5328601.79
321.87
2.9
-62.6
488.36
TM-14-09
296351.54
5328330.86
322.69
2.4
-58.8
443.14
TM-14-10
296325.00
5328365.00
322.00
360.0
-75.0
24.00
TM-14-10A
296325.24
5328360.41
322.58
350.7
-74.6
421.90
TM-14-11
296300.03
5328450.25
322.38
349.7
-55.8
573.35
TM-14-12
296250.58
5328433.14
322.24
356.5
-62.1
324.57
TM-14-13
296625.00
5328375.00
322.00
3.3
-66.7
44.93
TM-14-13A
296626.79
5328372.19
322.39
345.2
-70.4
313.72
TM-14-14
296600.86
5328346.89
322.49
357.3
-61.9
384.11
TM-14-15
296494.77
5328346.73
322.73
0.8
-52.0
373.33
TM-14-16
296577.32
5328398.13
322.61
3.8
-63.5
456.00
TM-14-17
296500.00
5328450.00
322.00
0.9
-54.1
102.96
TM-14-17A
296501.87
5328449.09
322.56
359.2
-64.5
622.05
TM-14-18
296478.30
5328434.97
322.55
1.8
-65.2
252.29
TM-14-19
296477.04
5328519.95
322.14
359.6
-73.6
625.28
TM-14-20
296453.47
5328359.01
322.96
355.2
-61.0
709.27
TM-14-21
296350.58
5328472.74
321.97
357.6
-50.9
594.03
TM-14-22
296326.46
5328412.64
322.43
357.3
-60.0
630.57
TM-14-23
296324.00
5328501.20
322.10
2.1
-51.0
560.94
TM-14-24
296300.05
5328375.02
322.60
354.6
-62.1
684.28
TM-14-25
296271.12
5328324.96
322.42
0.9
-63.6
712.94
TM-14-26
296270.97
5328325.00
322.50
358.6
-56.0
188.05
TM-14-27
296301.40
5328324.90
322.70
0.4
-60.8
352.40
TM-14-28
296252.38
5328337.27
322.56
357.5
-70.1
502.29
TM-14-29
296549.79
5328413.59
322.61
5.4
-56.6
427.00
TM-14-30
296600.96
5328440.30
322.11
3.8
-59.0
338.92
TM-14-31
296626.14
5328428.61
322.32
1.2
-62.1
426.13
TM-14-32
296399.62
5328342.74
322.55
358.2
-61.6
676.89
TM-14-33
296288.47
5328373.50
322.35
352.8
-57.1
337.21
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Drill Hole No.
East UTM
North UTM
Elevation
Azimuth
Dip
Length(m)
TM-14-34
296318.56
5328365.00
322.44
354.0
-53.1
290.82
TM-14-35
296524.34
5328648.39
321.68
2.3
-67.0
474.40
TM-14-36
296375.60
5328526.28
321.99
0.9
-57.1
314.58
TM-14-37
296275.26
5328438.39
322.24
356.5
-63.4
575.19
TM-14-38
296551.30
5328370.67
322.72
355.2
-57.0
492.19
TM-14-39
296552.64
5328453.55
322.44
359.1
-48.0
376.51
TM-14-40
296301.28
5328516.53
321.92
358.1
-58.7
390.14
TM-14-41
296403.12
5328378.70
322.67
358.6
-60.1
225.34
TM-14-42
296373.98
5328378.60
322.64
4.4
-67.0
406.35
TM-14-43
296374.83
5328406.31
322.51
359.6
-63.5
628.18
TM-14-44
296458.67
5328337.65
322.78
5.6
-51.5
92.60
TM-14-45
296526.64
5328345.26
322.84
0.2
-60.5
453.59
TM-14-46
296620.20
5328470.85
322.28
357.4
-64.7
327.60
TM-14-47
296502.71
5328410.94
322.00
2.0
-57.1
79.15
TM-14-48
296499.52
5328319.86
322.94
353.4
-71.4
314.70
TM-14-49
296478.51
5328325.40
322.96
3.3
-75.9
252.04
TM-14-50
296447.78
5328356.95
322.84
183.0
-76.4
261.19
TM-14-51
296402.96
5328455.06
322.33
1.7
-61.0
657.82
TM-14-52
296398.17
5328467.00
322.00
4.5
-68.3
258.12
TM-14-53
296349.10
5328421.24
322.25
1.3
-61.2
650.83
TM-14-54
296349.16
5328420.77
322.00
357.0
-52.9
185.64
TM-14-55
296376.19
5328463.85
322.15
0.0
-62.6
529.39
TM-14-56
296601.32
5328371.44
322.59
358.3
-58.0
362.20
TM-14-57
296526.53
5328375.28
322.85
356.2
-56.7
391.38
TMG-14-01
296552.73
5328452.14
322.28
39.2
-64.1
119.30
TMG-14-02
296403.37
5328377.82
322.88
67.4
-66.9
140.40
TMC-14-02
296135.30
5328511.81
322.09
0.2
-56.0
153.83
TMC-14-10
296134.48
5328480.65
322.23
61.0
-51.3
471.07
Table 10.6c 2015 Technical Parameters on the Triangle Zone

Drill Hole No.
East UTM
North UTM
Elevation
Azimuth
Dip
Length (m)
TM-15-01
296275.00
5328338.00
322.00
9.4
-81.4
703.07
TM-15-02
296475.00
5328275.00
322.00
358.6
-77.3
613.14
TM-15-03
296325.00
5328360.00
322.00
183.3
-80.6
252.60
TM-15-04
296100.00
5328396.00
322.00
341.4
-71.6
558.28
TM-15-05
296375.00
5328325.00
322.00
358.1
-66.1
848.96
TM-15-06
296475.00
5328275.00
322.00
358.6
-68.0
824.96
TM-15-07
296050.00
5328411.00
322.00
359.3
-65.0
858.92
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Drill Hole No.
East UTM
North UTM
Elevation
Azimuth
Dip
Length (m)
TM-15-08
296375.00
5328325.00
322.00
355.7
-75.3
879.20
TM-15-10
296700.00
5328325.00
322.00
357.0
-70.3
93.24
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Figure 10.6 Location of diamond drill holes from diamond drilling programs on the Triangle Zone
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10.2.6.
Fortune Zone
Twenty-five (25) diamond drill holes were completed in 2014 on the Fortune Zone in
order to define drilling for a new resource calculation. A total of 6,020.34 m were
drilled. Table 10.7 shows the technical parameters of this campaign, and Figure 10.7
shows the location of these drill holes.
Table 10.7 2014 Technical Parameters on the Fortune Zone
Drill hole #
East UTM
North UTM
Elevation
Azimuth
Dip
FOR-14-01
296142.50
5330182.51
317.76
183.6
-42.5
251.93
9.53
FOR-14-02
296173.50
5330168.73
317.70
189.2
-52.2
201.10
16.49
FOR-14-03
296205.14
5330136.22
317.85
183.2
-53.5
231.66
12.95
FOR-14-04
296168.98
5330240.14
317.69
184.2
-57.0
300.52
15.00
FOR-14-05
296196.80
5330290.39
317.51
186.4
-67.8
297.33
8.97
FOR-14-06
295926.78
5330291.21
315.27
189.6
-46.9
303.47
15.83
FOR-14-07
295927.80
5330293.20
315.29
178.0
-60.9
417.51
6.13
FOR-14-08
295951.66
5330300.73
315.15
179.1
-47.0
477.92
9.65
FOR-14-09
296000.00
5330345.00
315.00
183.6
-46.7
32.79
8.06
FOR-14-09A
296006.95
5330347.92
314.58
181.7
-55.1
426.07
7.80
FOR-14-10
295951.55
5330301.17
315.18
167.1
-49.1
254.52
8.56
FOR-14-11
295976.37
5330263.42
315.24
183.3
-55.6
254.12
8.43
FOR-14-12
296023.12
5330317.96
315.53
177.7
-64.2
259.35
4.94
FOR-14-13
296023.02
5330317.54
315.54
177.2
-54.9
253.16
5.22
FOR-14-14
296049.18
5330262.52
316.64
179.2
-60.0
230.20
12.00
FOR-14-15
296103.64
5330238.83
317.06
186.7
-63.9
252.30
14.30
FOR-14-16
296086.75
5330217.70
317.11
178.3
-74.9
171.24
9.00
FOR-14-17
296025.77
5330218.86
316.61
180.5
-56.2
263.53
14.23
FOR-14-18
295994.32
5330138.66
323.40
183.2
-61.5
225.15
16.50
FOR-14-19
296024.54
5330111.75
323.35
1.3
-55.3
224.89
16.00
FOR-14-20
295924.74
5330157.96
323.61
0.7
-62.2
219.12
16.30
FOR-14-21
295905.41
5330193.50
323.68
182.3
-62.4
222.30
24.00
FORG-14-01
296142.54
5330182.44
317.81
130.0
-65.0
131.49
10.44
FORG-14-02
296103.66
5330238.88
316.99
210.0
-65.0
110.34
11.64
POFOR-14-02R
296080.37
5330206.54
317.31
0.0
-90.0
8.30
5.26
Integra Gold used appropriate QA/QC protocols that were previously elaborated by
Geologica, employing duplicates, blanks and standards. A total of 2,291 core
samples and 415 QA/QC control samples were collected for a total sampled length
of 2,581.79 m (43% of total drill hole core length).
In this zone, mainly lapilli tuffs and fine grained basalts and/or andesite were
intersected. They often alternate with granodiorite-diorite or gabbro. Generally the
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rocks are chloritized, sheared and fractured. Several mineralized veins were
injected, with lengths between 0.5 cm and 170 cm. The veins contain trace to 1%
pyrite, locally up to 5%, and very locally trace to 2% chalcopyrite. The veins are
composed
of
quartz-carbonate-tourmaline-chlorite
and/or
sericite-feldspar
assemblages; epidote and calcite are rare.
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Figure 10.7 Location of diamond drill holes from diamond drilling programs on the Fortune Zone
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10.2.7.
No. 5 Plug
Seventeen (17) diamond drill holes were completed on the No. 5 Plug in 2014 in
order to verify the extension of gold values obtained in historical drill holes. A total of
4,338.40 m were drilled. Table 10.8 shows Technical Parameters of this drilling
campaign and Figure 10.8 shows the location of these drill holes. No resources
calculation was done yet for this zone.
Table 10.8 2014 Technical Parameters on Plug 5 Zone
Drill Hole No.
East UTM
North UTM
Elevation
Azimuth
Dip
Length (m)
P5-14-01
295326.58
5330457.16
326.81
173.7
-79.4
221.96
P5-14-02
295326.78
5330458.04
326.80
350.1
-68.8
291.13
P5-14-03
295378.68
5330425.15
326.50
2.9
-58.4
282.00
P5-14-04
295375.00
5330350.00
320.00
8.9
-64.2
50.78
P5-14-04A
295376.57
5330351.03
326.38
2.9
-61.4
344.06
P5-14-05
295351.41
5330302.55
326.49
358.7
-53.1
375.44
P5-14-06
295303.91
5330303.16
326.95
359.7
-69.7
257.94
P5-14-07
295303.73
5330303.78
326.95
1.1
-52.3
354.96
P5-14-08
295278.48
5330359.36
327.29
358.5
-49.2
239.54
P5-14-09
295277.88
5330358.04
327.36
348.6
-80.4
301.36
P5-14-10
295253.17
5330314.97
327.71
1.8
-62.7
249.70
P5-14-11
295350.76
5330352.32
326.49
357.9
-54.9
350.96
P5-14-12
295226.48
5330376.68
327.54
1.4
-79.8
240.44
P5-14-13
295225.72
5330377.15
327.59
1.3
-59.4
204.37
P5-14-14
295250.02
5330468.34
327.17
358.0
-76.9
151.07
P5-14-15
295250.82
5330386.45
327.27
0.8
-75.0
270.62
P5-14-16
295228.32
5330419.81
327.60
0.0
-55.9
152.07
Integra Gold used appropriate QA/QC protocols previously elaborated by Geologica,

employing duplicates, blanks and standards. A total of 1,773 core samples and 242
QA/QC control samples were collected for a total sampled length of 1,511.00 m
(35% of total drill hole core length).
In this zone, intrusive rocks (diorite and gabbro) were intersected. They often
alternate with blocky lapilli tuffs. The rocks are generally chloritized and silicified, as
well as sheared and fractured. Several mineralized veins were injected with lengths
between 0.5 cm and 135 cm. They contain trace to 1% pyrite, locally 7%, and very
locally trace to 2% chalcopyrite. of the veins are composed of quartz-carbonatetourmaline-chlorite and/or sericite-feldspar assemblages; epidote and calcite are
rare.
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Figure 10.8 Location of diamond drill holes from 2014 diamond drilling program on No. 5 Plug
2015 NI 43-101 Technical Report and Mineral Resource Update on the Lamaque project
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10.2.8.
Parallel Ramp Zone

Between December 2014 and February2015, ten (10) diamond drill holes were
completed in order to condemn and verify the future ramp position. A total of
2,328.56 m were drilled the Tables 10.9a and 10.9b show Technical Parameters and
Figure 10.9 shows the location of these drill holes. No resources estimation was
done yet for this zone.
Table 10.9a 2014 Technical Parameters on Exploration Program

Drill Hole No.
East UTM
North UTM
Elevation
Azimuth
Dip
Length(m)
PR-14-01
295041.449
5330203.97
328.65
337.52
-80.32
252.24
PR-14-02
295041.43
5330204.18
328.64
339.54
-59.7
52.05
PR-14-03
295021.94
295021.94
329.67
345.96
-59.2
251.93
PR-14-04
294995.28
5330341.06
329.64
340.53
-60.18
258.67

employing duplicates, blanks and standards. A total of 294 core samples and 40
QA/QC control samples were collected for a total sampled length of 228.86 m (18%
of total drill hole core length).
Table 10.9b 2015 Technical Parameters on Exploration Program

Drill Hole No.
East UTM
North UTM
Elevation
Azimuth
Dip
Length(m)
PR-15-01
294883.73
5330639.13
328.33
343.17
-50.89
248.87
PR-15-02
294909.14
5330592.72
328.44
343.95
-58.6
201.21
PR-15-03
294934.56
5330527.80
328.61
342.46
-60.8
200.74
PR-15-04
294953.51
5330462.15
328.62
341.24
-60.3
201.04
PR-15-05
294971.69
5330412.65
328.82
337.28
-60.9
225.12
PR-15-05
294971.69
5330412.65
328.82
337.28
-60.9
225.12

employing duplicates, blanks and standards. These drill holes are in process for
description and sampling.
2015 NI 43-101 Technical Report and Mineral Resource Update on the Lamaque project
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Figure 10.9 Location of diamond drill holes from diamond drilling program on the Parallel Ramp Zone
149
10.2.9.
Geophysical Targets
Nine (9) diamond drill holes were completed in 2014 and early 2015 on the
Exploration Program in order to verify some geophysical targets (high magnetic
anomalies). A total of 2,999.63 m were drilled and Tables 10.10a and 10.10b show
Technical Parameters and Figure 10.10 shows the location of these drill holes.
Table 10.10a 2014 Technical Parameters on Exploration Program

Drill Hole No.
East UTM
North UTM
Elevation
Azimuth
Dip
Length(m)
GT-14-01
295573.09
5328765.32
329.76
359.0
-49.2
404.85
GT-14-02
295853.08
5328462.73
323.69
192.3
-60.6
451.01
GT-14-03
295601.01
5328516.72
323.52
206.3
-52.8
402.60
GT-14-04
295026.02
5328713.62
325.35
355.8
-49.4
252.48
GT-14-05
294997.68
5328630.32
323.26
182.3
-50.1
300.36
GT-14-06
294493.03
5328612.42
326.41
2.3
-53.6
249.82
GT-14-07
294639.32
5328738.06
328.29
142.3
-54.0
354.52
GT-14-08
294901.10
5328825.39
324.12
5.8
-48.0
261.99
Table 10.10b 2015 Technical Parameters on Exploration Program

Drill Hole No.
East UTM
North UTM
Elevation
Azimuth
Dip
Length (m)
GT-15-01
296635.00
5328920.00
320.00
360.0
-50.0
321.00

employing duplicates, blanks and standards. These drill holes are in process for
description and sampling.
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Figure 10.10 Location of diamond drill holes diamond drilling program on geophysical targets
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10.2.10.
Additional Resource Potential

As of February 10, 2015 (effective date of the Technical Report), Integra Gold Corp
had drilled an additional 26,469 m in 61 drill holes on the South Lamaque Property,
which has not been incorporatedd in any current mineral resource estimates. The
additional drilling not included in the mineral resource estimate consists of the
following:
No. 3 Mine:
No. 5 Plug:
Fortune:
Triangle:
10.2.11.
4,785 m in 12 holes (2013) and 1,077 m in 5 holes (2015)

4,710 m in 11 holes (2012) and 4,338 m in 16 holes (2014)
6,020 m in 25 holes (2014)
5,539 m in 8 drill holes (2015)
Drilling Program for Geotechnical Studies
10.2.11.1. Mylamaque area

Seven (7) diamond drill holes were completed on the Mylamaque Area in order to
complete the geotechnical study related to future mining infrastructures. A total of
66.75 m were drilled, and Table 10.11 shows the technical parameters.
Table 10.11 2014 Technical Parameters on the Mylamaque Zone
Drill hole #
East UTM
North UTM
POMY-14-33R
295571.00
5328769.00
320.00
0.0
-90.0
8.74
0.75
POMY-14-34R
295711.00
5328860.00
320.00
0.0
-90.0
14.14
9.52
Elevation Azimuth
Dip
POMY-14-35M
295694.00
5328622.00
320.00
0.0
-90.0
10.03
6.07
POMY-14-36R
296062.00
5328898.00
320.00
0.0
-90.0
8.28
4.27
POMY-14-37M
296088.00
5328874.00
320.00
0.0
-90.0
6.55
2.92
POMY-14-38R
296063.00
5328759.00
320.00
0.0
-90.0
4.74
0.40
POMY-14-39M
294632.00
5328729.00
320.00
0.0
-90.0
14.27
10.21

employing duplicates, blanks and standards. A total of 25 core samples and three (3)
QA/QC control samples were collected for a total sampled length of 21.88 m (33% of
total drill hole core length).
In this zone, mainly lapilli and blocky tuffs were intersected. They sometimes
alternate with coarse-grained diorite. The generally chloritized rocks are weakly
sheared. The few mineralized veins have lengths between 0.5 cm and 25 cm, with
trace to 1% pyrite. They are composed of quartz-carbonate-tourmaline-chlorite
and/or sericite-feldspar assemblages; epidote and calcite are rare.
10.2.11.2. Parallel Zone area
Four (4) diamond drill holes were completed on the Parallel Zone in order to
complete the geotechnical study for future mining infrastructures. The drilling
program was completed using appropriate QA/QC protocols, employing duplicates,
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blanks and standards. A total of 280.82 m were drilled, and Table 10.12 shows the
technical parameters.
Table 10.12 2014 Technical Parameters on the Parallel Zone
Drill hole #
East UTM
North UTM
Elevation
Azimuth
Dip
POPV-14-03R
295102.00
5330083.79
327.21
0.0
-90.0
20.73
17.37
POPV-14-04R
295032.00
5329717.00
320.00
0.0
-90.0
16.33
13.11
PVG-14-01
295093.04
5330041.52
326.20
330.0
-75.0
121.48
15.64
PVG-14-02
294869.81
5330132.27
330.67
0.0
-65.0
122.28
2.82

QA/QC control samples were collected, for a total sampled length of 199.99 m (71%
In this drill hole, mainly fine-grained diorite was intersected, sometimes alternating
with blocky lapilli tuff. The generally chloritized and silicified rocks are sheared and
fractured. Several mineralized veins were injected, with lengths between 0.5 cm and
50 cm. They contain trace to1% pyrite, locally 5%, and very locally trace to 2%
chalcopyrite. They are composed of quartz-carbonate-tourmaline-chlorite and/or
sericite-feldspar assemblages; epidote and calcite are rare.
10.2.11.3. Sigma Vein Extension area
One (1) diamond drill hole was completed on the Sigma Vein Extension in order to
complete the geotechnical study. A total of 15.79 m were drilled, and Table 10.13
presents the technical parameter.
Table 10.13 2014 Technical Parameters on the Sigma Vein
Drill hole #
East UTM
North UTM
Elevation
Azimuth
POSV-14-32R
295604.00
5330776.00
320.00
0.0
Dip Length(m) Overburden

-90.0
15.79
11.71

employing duplicates, blanks and standards. A total of two (2) core samples and one
(1) QA/QC control sample were collected for a total sampled length of 2.08 m (13%
In this drill hole, lapilli and blocky tuffs were intersected. The generally chloritized
and carbonatized rocks are weakly foliated.
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10.2.11.4. Triangle Zone area

One (1) diamond drill hole was completed on the Triangle Zone in order to complete
the geotechnical study. A total of 13.63 m were drilled, and Table 10.14 presents the
technical Parameter.
Table 10.14 2014 Technical Parameters on the Triangle Zone
Drill hole #
East UTM
North UTM
Elevation
Azimuth
Dip
Length(m)
Overburden
POTM-14-01R
296466.20
5328444.13
322.56
0.0
-90.0
17.68
13.63
10.2.11.5. Sixteen Zone area

One (1) diamond drill hole was completed on the Sixteen Zone in order to verify a
geotechnical target. A total of 20.85 m were drilled, and Table 10.15 presents the
technical parameters.
Table 10.15 2014 Technical Parameters on the Sixteen Zone
Drill hole #
East UTM
North UTM
Elevation
Azimuth
Dip
Length(m)
Overburden
POSX-14-40R
293497.00
5329556.00
320.00
0.0
-90.0
20.85
16.46

employing duplicates, blanks and standards. A total of two (2) core samples were
collected (no QA/QC control samples). The total sampled length was 1.85 m (9% of
total drill hole core length). In this zone, coarse-grained diorite was intersected. The
rocks are generally chloritized and silicified. No significant results were obtained.
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11.
SAMPLE PREPARATION, ANALYSES AND SECURITY
11.1.

At the time of writing this report, Integra Gold does not have an ongoing sampling
program at the Sigma-Lamaque mining complex and has not yet collected any
samples. Integra Gold and its consultants are planning to sample all quartz veins,
mineralized sections and to implement QA/QC protocols during the proposed drilling
program, using certified reference material (standards), blanks and duplicate
samples. Integra Gold intends to use an independent ISO-certified laboratory to
analyze all samples generated by the drilling program, and to use a secondary
independent ISO-certified laboratory to conduct check sampling.
Historical sample preparation, analyses and security conducted by the previous
operators of the Sigma-Lamaque property are summarized in Section 12.1.
11.2.

No information is available concerning sampling protocols for Tecks programs prior
to the joint ventures with Golden Pond and Tundra in 1985 and 1986, and the joint
ventures with Tundra and Golden Pond between 1985 and 1989. According to the
drill logs for the reviewed E-series holes, sample lengths varied from 1 to 3 ft (30 to
91 cm). Sample numbers are reported in the drill logs and assay reports, and assay
results are appended to the logs. The header on the assay reports is Lamaque
Mining Company Limited, indicating that the issuer was the companys assay
laboratory at the mine site. The assay reports show that many of the samples were
assayed in duplicate. Geologica does not know if any of the core has survived. No
records of surface sampling are known to Geologica.
Geologica is not aware of any written description of sampling protocol for either of
these two joint venture programs operated by Teck, but they were likely based on
Tecks long-established protocols at the mine. The drill logs reviewed by Geologica
indicate that selected core samples varied from 1 to 4 ft long (30 to 122 cm), with
many of them 3 ft long (91 cm), suggesting maximum sample lengths might have
been 5 ft (152 cm). The logs and observations of surviving core indicate that both
veins and altered intervals peripheral to veins were sampled.
For the drilling program carried out from 2003 to 2008 by Kalahari (now Integra
Gold), core intervals for sampling were selected during the core logging procedure
by the logging personnel. Terrence Coyle, P.Geo., logged almost all of the Kalahari
2003-2008 drill holes. Don Cross logged the first few holes. Sample selection was
based on evidence of mineralization such as quartz-tourmaline veining, the presence
of sulphides or alteration. Sample lengths varied from a minimum of 1 ft to a
maximum length of 3 ft (30 to 91 cm). Sample demarcation decisions were made on
the basis of geology, and for most part vein material was segregated from altered
wall rock, which was segregated from apparently non-mineralized host rock. Core
recovery is considered to have been close to 100%. The logging geologist marked
the intervals to be sampled on the core using a lumber crayon and recorded the
sampled intervals in the drill core logs. The intervals selected for sampling were
sawn in half by a sampler using a diamond core saw. After cutting, one half of the
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sample was returned to the core tray in its original order to serve as an archive, while
the other half was placed into a plastic sample bag with a numbered sample ticket.
The same sample numbers were inscribed on the bag with a permanent marker.
Three-part sample tickets were used for sampling. One part of the ticket was placed
in the sample bag, one part was placed in the core tray, secured under the first piece
of archived core marking the beginning of the sampled interval and the third part was
left in the sample book. The sample bags were secured with nylon pull locks. The
samples were transported by Kalahari personnel to the Bourlamaque Assay
Laboratory in Val-dOr, Qubec.
The relationship between sample lengths and true thickness is highly variable and
difficult to quantify. It is dependent on the orientation of the drill holes and the
orientation of the vein structures, both strike and dip of which are highly variable.
Mineralization in the Lamaque area, as described under Section 7.2.5 of the report,
comprises a variety of structures of diverse orientation, and it can often be difficult
determining which type of vein structure and orientation is being intersected. During
logging, vein orientations are measured with respect to the core and recorded in the
core log, but even with such measurement of core angles, vein orientation and the
relationships between sample length and vein structures can be problematic. The
reader should also be aware that it is often vein systems rather than single veins that
constitute mineralized zones, and sample lengths for individual samples, even given
known vein orientations, often have little to do with the true widths of the mineralized
zones.
The recent 2009-2013 drilling program was planned, logged, validated and
supervised by Geologica at the Companys facilities in Val-dOr, Qubec (a core
shack with logging stations, sampling, splitting with core saws and shipping to the
laboratories).
The archived core from Kalaharis 2003-2008 and Kalahari/Integra Golds 2009-2013
programs has been cross-piled and stored at the Companys core shack facilities in
Val-dOr, Qubec.
Assay reports, appended to the drill logs, indicate that the pre-1985 samples were
assayed at the mine assay laboratory, which is still standing at the mill site of the
Main Mine. Geologica is not aware of any record of crushing and grinding
parameters or subsample size. It is believed likely that the assays were gravimetric
fire assays using 1 assay ton (29.179 g) subsamples. Records show that samples
were often assayed in duplicate.
Similar to that for the pre-joint venture Teck programs, Geologica is not aware of any
description of laboratory procedures used for assaying the Tundra and Golden Pond
JV program samples. Assay reports appended to the drill logs indicate the principal
assay lab was the companys facility at the mine site, but some check assaying was
also done at the independently owned Bourlamaque Assay Laboratories Ltd facility
in Val-dOr, Qubec. The drill logs record the samples that returned assays above
trace were re-assayed several times. It is not recorded whether these re-assays
were from original pulps or a new pulp cut from the sample reject. It is unknown what
kind or extent of QA/QC programs were run in conjunction with the regular sample
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assaying. Geologica believes the Bourlamaque facility, being a commercial

laboratory, would have used standards to assure quality. The mine laboratory may
also have used international standards, but certainly would have used a set of inhouse standards and re-assays to help maintain high-quality assays.
A problem area for mine laboratories is sample stream mixing of mine samples with
potentially ore-grade values and exploration samples that rarely contain ore-grade
values. Cross-contamination problems can be aggravated by the lab failing to use
clean sand or blank samples to clean the crushers prior to the introduction of
different sample batches and the accumulation of holdover gold, which can
contaminate succeeding samples. As far as Geologica is aware, no other samples
were being assayed at the mine lab during the period the joint venture programs
were being operated. However, Geologica is not aware of the labs policy with
respect to crusher washing and high-grade samples.
All samples from Kalaharis 2003 to 2008 programs were assayed at the
Bourlamaque assay lab in Val-dOr, Qubec. All analytical work at the Bourlamaque
lab was supervised by L.D. Melnbardis, B.Sc., licensed chemist, Order of Chemists
of Qubec. The Bourlamaque assay lab is a non-accredited facility, but it participates
in reference material certification programs, extensive round robin studies, and the
Proficiency Testing Program for Mineral Analysis Laboratories through Natural
Resources Canada, CANMET Mineral Technology Branch.
The standard protocol for Kalahari samples included the lead fire assay of a
1 assay ton subsample and a gravimetric finish. Sample preparation, which follows
sample drying, includes primary (jaw) and secondary (cone) crushing of the entire
sample to better than 60% -10 mesh (1.70 mm). A 250 g subsample is then split off
from the crushed material using a 3/8" aperture Jones Riffler. In the final sample
preparation step, the 250 g subsample is ring pulverized to 95% -150 mesh (106 m)
and homogenized.
The protocol requires that one or two samples of barren rock be used to clean the
crushers between each sample batch, and the pulverisers be cleaned between each
sample with a brush and jet of compressed air. The protocol requires that duplicate
samples be prepared at intervals of ten (10) run-of-the-stream samples and then
assayed. Inspection of Bourlamaques assay certificates shows that for every 10th
sample, a duplicate assay was made on the original pulp, and another assay was
made of a second pulp cut from the sample reject. Standard practice at
Bourlamaque also included the re-assay of samples that returned an initial assay
greater than a threshold of 0.20 oz Au per short ton (0.20 oz/t). These re-assays also
entailed a second assay on a 1 assay ton charge from the original pulp, and an
assay on a new pulp cut from the archived sample reject. No standards were used
as part of the assay protocol.
Kalahari did not have a formal QA/QC program but did carry out specific check
sampling programs between 2003 and 2008 to help assure and assess assay
quality. One step included the re-assay at Bourlamaque of a set of 45 samples by
metallic screen procedures. These samples had been previously assayed at
Bourlamaque using its procedure of standard fire assay on a 1 assay ton subsample.
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The procedure included the screening at -150 mesh (106 m) of a nominal 250 g
pulverized sample with duplicate 1 assay ton gravimetric fire assay on the undersize,
and fire assay of the entire oversize fraction. Kalahari undertook this re-assay by
metallic screen procedure to compare the assays returned by the standard
procedure with respect to the metallic screen procedure.
For drilling programs carried out by Kalahari (2009-2010) and Integra Gold (20112014), the samples collected by Geologica were assayed by Bourlamaque and ALS
Chemex Laboratory in Val-dOr, Qubec.
Procedures for routine fire assaying are to initially crush the entire sample to -10
mesh, then a 300 g subsample is split and pulverized to 95% -150 mesh, and a 30 g
subsample is fire-assayed using standard industry procedures, with the gold content
determined by atomic absorption (AA) spectrometry. At the Bourlamaque lab, each
sample was assayed by fire assay and AA finish. Any values reporting 10 ppm Au
are repeated by fire assay with gravimetric finish and an upper reporting limit of 100
g/t Au.
For security and quality control, diamond drill core samples were catalogued on
sample shipment memos, which were completed at the time the samples were being
packed for shipment. Duplicates and blanks were taken, and the partial core was
photographed by geologists. The splitting of samples and sample preparation for
shipping were completed by C-Lab and Integra Gold technicians under the
supervision of Geologica.
The material used for standards comprised certified reference material purchased
from commercial facilities specializing in their manufacture (RockLabs via
Anachemia in Ontario, and CDN Analytical Solution Limited). All material used for
blank samples consisted of barren limestone. Laboratories also added their own
quality control standards. In case of any doubt regarding the validity of a sample, the
entire batch was re-assayed.
Geologica believes that the sample preparation, security and analytical procedures
were correctly applied. Results obtained by the laboratory are representative of the
mineralization when compared to results obtained in the past for all mineralized
zones on the Lamaque South property.
11.2.1.
Results of Quality Control during 2013-2015 Drilling Programs
11.2.1.1.
Blanks
The field blank used in the 2013-2015 drilling programs (South Triangle, Triangle
and Parallel Zones, Mine 3 and Exploration) is from a gold-barren sample of crushed
white marble. One field blank is inserted for every 20 samples, alternating with
standards. Geologica recommended a quality control protocol stipulating that if any
blank yields a gold value above 20 ppb Au, the batch of samples containing the
blank should be re-assayed. For the 2013-2015 drilling program, no batch required
re-assaying.
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11.2.1.2.
Certified reference material (standards)

During the 2013-2015 drilling programs, one certified reference material (CRM or
standard) was inserted for every 20 samples, alternating with blanks. Four
standards were used, with gold grades ranging from 1.348 g/t Au to 8.595 g/t Au as
follows:
SE68 with a theoretical value of 0.599 0.013 g/t Au;

SF67 with a theoretical value of 0.850 0.021 g/t Au;
SG66 with a theoretical value of 1.086 0.032 g/t Au;
SH65 with a theoretical value of 1.348 0.028 g/t Au;
SH69 with a theoretical value of 1.346 0.026 g/t Au;
SJ80 with a theoretical value of 2.656 0.057 g/t Au;
SK78 with a theoretical value of 4.134 0.138 g/t Au;
SL61 with a theoretical value of 5.931 0.177 g/t Au;
SL77 with a theoretical value of 5.181 0.156 g/t Au;
SN60 with a theoretical value of 8.595 0.223 g/t Au;
SN74 with a theoretical value of 8.981 0.222 g/t Au;
SG56 with a theoretical value of 1.027 0.033 g/t Au;
SG75 with a theoretical value of 8.671 0.199 g/t Au.
Geologicas quality control protocol stipulates that if any analyzed standard yields a
gold value above or below three times the standard deviation (3SD) of the certified
grade for that standard, then ten samples before and after the standard in the batch
should be re-analyzed.
After reviewing the results, Geologica personnel re-assayed four (4) samples in
accordance with this criterion, which represented less 0.01% of the 2013 database
samples for the Triangle and South Triangle zones. The re-assaying was done using
pulps and rejects, or quarter-split core when no pulp or reject was available. All
samples accompanying the standard (bearing the unacceptable gold result) during
the fusion process were also re-assayed. The first gold values (the wrong values)
were replaced in the database by the new gold values obtained by the re-assay.
For the 2014-2015 drilling program, no batch required re-assaying.
11.2.1.3.
Duplicates
The quality control protocol requires a coarse duplicate be prepared for one sample
selected among every 30 samples. The duplicate is prepared by taking half of the
crushed material derived from the original sample. By measuring the precision of the
coarse duplicates, the incremental loss of precision can be determined for the coarse
crush stage of the process, thus indicating whether two subsamples taken after
primary crushing is adequate for the crushed particle size to ensure a representative
subsplit.
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Duplicates are used to check the representativeness of results obtained for a given
population. To determine reproducibility, precision (as a percentage) is calculated
according to the following formula:
Precision(%)
=
(DuplicateSampleGoldGradeOriginalSampleGoldGrade)
AverageBetweenDuplicateSampleGoldGradeandOriginalSampleGold
Grade
100
A total of 794 original-duplicate pairs were identified in the database. The correlation
coefficient (%) is given by square root of R and represents the degree scatter of
data around the linear regression slope. The results obtained indicate an excellent
reproducibility of gold values for 2013-2015 with 80% and 100%.
11.2.2.
Geologica Conclusions
Geologica is of the opinion that Integra Golds sample preparation, analysis, QA/QC
and security protocols for the 20132015 drilling programs on the Lamaque South
property generally follow accepted industry standards. Based on these results,
Geologica is of the opinion that the compiled resource database is valid and of
sufficient quality to be used for mineral resource estimation.
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12.
DATA VERIFICATION
12.1.

Micons previous visit to the Sigma-Lamaque mining complex was from May 8 to
May 10, 2013. Tania Ilieva and Richard Gowans conducted the site visit to the
Sigma-Lamaque property and the mine office in Val-dOr, Qubec. Ms. Ilieva
inspected the Sigma open pit, the mill facility, the waste dump, the tailings storage
facility and the area of proposed deep drilling. Some of the existing drill core and the
geological documentation were reviewed as well. Discussions on the resource
estimate, mine production issues and the proposed exploration program were held
with Paul Bdard, P.Geo. and Justin Smoak (the remaining staff of the Sigma mine
at the time), and a Deloitte representative.
The Qualified Person (QP) responsible for the preparation of Micons sections of this
report is Tania Ilieva, P.Geo., a senior geologist, located out of Micons Toronto
office.
William J. Lewis, B.Sc., P.Geo., a senior geologist with Micon and an author of the
previous August 2011 Technical Report (Lewis et al., 2011), assisted Ms. Ilieva in
compiling Micons sections of this report.
12.1.1.
Historical Sample Preparation, Analyses and Security at the Sigma-Lamaque

Property
A detailed description of the sample preparation, analysis and security procedures
undertaken by Centurys predecessors has been provided in previous technical
reports, and Century followed the same sampling and sample preparation
procedures.
12.1.2.
Drill Core Handling, Logging and Sampling Procedures

Drill holes were spotted by mine surveyors and, after completion, the collars of the
holes were surveyed again. The surveying included the location, elevation, dip and
azimuth of the collar.
If casing was used, it was left in place. The down-hole survey measurements were
taken approximately every 30.48 m (100 ft). The surface holes were marked with a
stake beside the casing, whereas the underground holes were marked with a large
H painted in white across the collar.
Core recovery and rock quality designation (RQD) were recorded before logging,
and specific gravity was measured every 25 m or as indicated by lithology.
The drill core was logged for lithology and mineralization, and was illuminated with
UV light for scheelite content. All quartz veins, mineralized sections or Bdard Dyke
intervals were sampled. The sample interval was typically one metre, but this interval
was reduced to honour lithological contacts or the presence of quartz veins. The
sample interval was recorded in the assay tag book and the removable portion of the
sample tag was placed at the end of the sample interval. The photo archive of the
core was prepared using a digital camera, prior to cutting the core.
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Centurys core sample preparation procedures included splitting core from the
surface drilling using a rock saw or appropriate splitter in a core cutting facility,
located in one of the buildings on the mine property.
The AQTK core from the underground drilling was sampled using entire core. A
condensed core box (a library box) for each hole, with samples of each lithology,
was retained for reference.
12.1.3.
Underground Sampling
12.1.3.1.
Chip Sampling
Century employed underground samplers who sampled the various production faces
on a daily basis. For each face, a number of samples were taken perpendicular
across the mineralized zone using a rock hammer or moil and hammer. The results
of these samples were averaged, along with an estimate of the dilution, to determine
the grade of the production round. The chip sampling conducted at the SigmaLamaque mine was similar to most producing mines. The chip samples were used to
determine whether or not the production round would be shipped to the processing
facility as ore or discarded as waste.
Micon reviewed Centurys chip sampling procedures during its visit to the site in
2011 and in discussions with Centurys geological personnel. Micon believed that the
chip sampling procedures used by Century provided samples that were
representative of the mineralization identified at the Sigma-Lamaque property, and
that they met the current industry best practices guidelines for this type of sampling.
Therefore, Micon concluded that the results can be used for resource estimations.
12.1.4.
Muck Sampling
Century had its scoop and truck operators sample the material being shipped to the
mill on a regular basis. Table 12.1 summarizes the frequency of the scoop and truck
sampling by equipment size. Generally, the muck samples represent variable
tonnages due to the equipment size.
The samples were taken by the equipment operators using a small shovel or scoop
and placed in a sample bag. A tag with a unique sample number was placed in the
bag with a second sample tag bearing the same number being forwarded to the
geology department.
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Table 12.1 Frequency and tonnage of scoop and truck sampling by equipment size
Capacity
(Tonnes)
Sample
Frequency
Tonnage
Represented by
Sample
LST-2B
2.5
1 per 4 buckets
10 t
LP 600
1 per 4 buckets
16 t
Atlas Copco
1 per 3 buckets
15 t
EJC
7.5
1 per 2 buckets
15 t
Atlas Copco
7.5
1 per 2 buckets
15 t
Atlas Copco
23
2 per truck load
11.5 t
CAT 740
34
2 per truck load
17 t
Equipment
Type
Scoop
Truck
Style
Table supplied by Century Mining Corporation for the August 2011 Technical Report (Lewis et al., 2011).
While some operations use muck sampling as the basis of reconciliation between
underground and process plant figures, muck samples should not be used as the
basis of any resource estimation. Century did not use muck samples for any
purposes other than tracking the movement of the ore to the processing plant and
approximating the grade of the material sent to the plant.
12.1.5.
Historical Sample Preparation and Assaying at the Sigma-Lamaque Project

Century, like many mining companies, used its own laboratory to process samples at
the mine. Sample preparation and assaying were conducted by senior management,
officers of Century, or by senior mine personnel.
Both the Lamaque and Sigma mines operated their own assay laboratories
throughout most of their history, with the procedures used to assay the material
being essentially the same for both mines and similar to commercial laboratories.
The practice of using on-site mine laboratories to process and analyze exploration
core and production samples is common to the majority of producing mining
companies around the world and is a reliable procedure if used with the proper
controls and safeguards in place.
12.1.6.
Quality Assurance and Quality Control (QA/QC)

Century implemented a QA/QC protocol during its drilling programs that included
sending check samples for resampling at a second laboratory. One in 10 samples
was taken by random selection and sent to an outside laboratory for analysis for
gold. One in 100 samples taken by random selection was sent to an outside
laboratory for multi-element ICP scans. Additional selected samples from veins and
mineralized zones were also submitted for ICP analysis.
In addition to the above, Century inserted blanks, duplicates and certified reference
standards in each batch of samples. A representative pulp sample was retained in a
secure facility for verification purposes.
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Sample preparation (crushing and pulverizing) was performed at the Century

Lamaque assay laboratory and regularly checked at an independent local laboratory.
Prepared samples were analyzed at the Lamaque assay laboratory using FA30-AAS
(fire assay on a 30-gram sample using an atomic absorption finish) and regularly
checked at the local independent laboratory, ALS Chemex in Val-dOr. The samples
from the 2010 drilling program were assayed at ALS Chemex in Val-dOr, using
standard fire assay techniques with gravimetric finish.
12.1.7.
Micon Comments
Micon considers that the sample preparation, security, and analytical procedures are
adequate to ensure credibility of the assays. The QA/QC procedures and protocols
employed by Century are sufficiently rigorous to ensure that the sample data are
appropriate for use in mineral resource estimation.
12.2.
Lamaque South Property

Geologica reviewed and verified the existing data of all available past and recent
reports. According to elements reported in the statutory documents, sampling work
and the analysis thereof seem to have been done according to standards in force at
that time and is still valid today, even though the procedure and method are not
described. Duplicates, blanks and standards samples were taken every 20 samples,
on average. The authors believe that the sample preparation, security and analytical
procedures were correctly applied and are consistent with current standards applied
in the mining industry.
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13.
MINERAL PROCESSING AND METALLURGICAL TESTING

The following section (item 13) is taken directly from the report titled Technical
Report and Updated Preliminary Economic Assessment for the Lamaque Project
(according to National Instrument 43-101 and Form 43-101F1), dated February 27,
2015, prepared by InnovExplo (Poirier et al., 2015).
Lamaque deposit in 2012 and 2013 by ALS Metallurgy Kamloops (Roulston D.,
Johnston H., Shouldice T., Metallurgical Testwork on the Lamaque Deposit: April 3,
2013, May 29, 2013 and January 16, 2014). A summary of the results is presented in
this section.
The samples used for these testwork campaigns were prepared by Integra Gold, and
WSP could not determine whether they are representative of the deposit.
13.1.
Initial Testwork
In winter 2012 and spring 2013, ALS Metallurgy Kamloops carried out two testwork
campaigns on samples from the Lamaque Project. The deposit consists of four
independent zones: Plug 4, Triangle, Parallel and Fortune. Table 13.1 presents the
origin of the samples and proportion of each zone.
Two of the reports KM3569 of April 3, 2013 and KM3876 of May 29, 2013
present the results of this initial work, which included:
Ball mill work index (Bond method);

o Performed on the Master composite and two (2) Cluster composites.
Chemical assays and bulk mineral analysis via QEMSCAN;

o Performed on each of the six (6) composite samples.
Trace mineral search via QEMSCAN;

o Performed on the two (2) high-grade composite samples.
Some exploratory work was performed to assess the metallurgical response of

Lamaque samples to:
13.1.1.
Gravity concentration (Knelson and hand panning);

Cyanide leach (standard bottle roll procedure);
Rougher flotation and regrind.
Sample Description
The samples arrived at the ALS Metallurgy facility on November 5, 2012. The
samples weighed approximately 247 kilograms and arrived crushed to < 6 mesh.
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They were split into six (6) composites predetermined by the client, based on sample
origin and gold grade (Table 13.1).
Table 13.1 Composite Samples: Origin and Weight

Location
Sample Names
Sample Origin
South
Cluster 1 High Grade
90% Plug 4 10% Triangle
Cluster 1 Average
44.4
Cluster 1 Cutoff Grade
47.6
65% Parallel 35% Fortune
37.1
Cluster 2 Average
42.1
Cluster 2 Cutoff Grade
33.7
North
13.1.2.
Weight (kg)
41.4
Sample Preparation
The composite samples were homogenized and rotary split into two (2) kilogram
charges. The laboratory prepared a Master Composite consisting of eight (8)
kilograms of each of the six (6) composite samples for a total of 48 kilograms. In the
second testwork campaign, Cluster 1 and Cluster 2 Composites were also prepared,
each with an equal weight of the cutoff, average and high-grade samples. All the
composites were stored under nitrogen until needed in the test program.
13.1.3.
Sample Characterization
Comminution Testwork
A Bond ball mill work index (BWI) test, with a closing screen size of 106 m, was
conducted on the Master Composite, the Cluster 1 Composite and the Cluster 2
Composite. The BWI can be used with Bonds Third Theory of comminution to
calculate the net power requirement for grinding. The ball mill work index ranged
from 13.8 to 14.9 kWh / tonne. This is considered as average in hardness.
Table 13.2 Ball Mill Work Index

Report
Sample description
kWh/t
KM3569
Master Composite
13.8
KM3876
Cluster 1 Composite
14.8
KM3876
Cluster 2 Composite
14.9
Both Cluster composites generated very similar BWI indices. However, further tests
will have to be performed on material from the hardest zones of the mineral deposit
in order to clearly establish the overall grinding performance.
Chemical Assay and Mineralogy
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Duplicate chemical assays were conducted on the six (6) composite samples, the
Master Composite and the Cluster 1 Composite. The gold assay of the Master
Composite sample was about 8 g/t. The individual composite samples ranged from
3 g/t to 15 g/t Au. Bulk Mineral Analyses via the QEMSCAN were also conducted on
the six (6) composite samples and on the Cluster 1 Composite to determine the
mineral content of each sample.
Table 13.3 Head Assay Summary

Sample Description
Au
Ag
Fe
As
TOC*
g/t
g/t
Master Composite
8.15
5.1
1.47
0.007
Cluster 1 High
15.3
6.4
2.08
1.56
0.003
0.02
Cluster 1 Average
6.28
6.4
1.72
1.76
0.002
0.02
Cluster 1 Cutoff
3.16
6.3
1.49
1.59
0.003
0.02
Cluster 2 High
14.6
4.1
1.57
1.04
<0.002
0.05
Cluster 2 Average
6.14
4.5
1.20
1.02
<0.002
0.02
Cluster 2 Cutoff
3.21
<1
4.0
0.99
0.79
<0.002
0.02
6.3
1.97
Cluster 1 Composite
8.66
*TOC = Total Organic Carbon
The sulphur content of the samples ranged from 1% to 2%. Sulphur was present
primarily as pyrite with traces of chalcopyrite.
Iron ranged from 4% to 6%. The Cluster 1 samples contained more pyrite and
amphibole, which explains the greater presence of iron (6%).
The assays contained 1% to 2% carbon, but only a very small portion of it is present
in the organic form. Organic carbon can have a preg-robbing effect and consumes
cyanide, and is thus detrimental to cyanidation.
Gangue minerals were primarily quartz and feldspars. The quartz content varied
between 22% and 36%, and feldspar content between 15% and 24%.
A "Trace Mineral Search" was conducted via QEMSCAN on the high-grade samples
to determine gold liberation levels, sizes and associations. The study was conducted
at 84 m K80 for Cluster 1 and 80 m K80 for Cluster 2. Three slides were scanned for
each of the two composites. A total of 40 gold particles were observed for Cluster 1,
and 31 for Cluster 2.
The study showed that 69% and 77% of gold particles in the high-grade Cluster 1
and Cluster 2 samples, respectively, were liberated or were present as binary
particles with sulphide minerals.
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Table 13.4 Trace Mineral Search High-Grade Gold Samples

Au
Primary Grind
Size
Liberated Gold
84
47
22
80
42
35
Sample Description
BinarySulphide Minerals
The portion of gold particles as inclusions was greater in Cluster 1 than in Cluster 2.
This type of gold is more difficult to leach as the exposed surface is low or
nonexistent. In this case, finer grinding may improve the results.
13.1.4.
Metallurgical Test Program

The purpose of the test program was to establish a preliminary flowsheet. The
program consisted of the following:
Gravity separation followed by cyanide leach of the gravity tailings;

Rougher flotation test.
Gravity and Cyanide Leach
Four gravity separation tests were performed on the Master Composite at different
grind sizes (130, 105, 79 and 56 m K80). The tests consisted of processing a 4-kg
pre-ground sample in a laboratory Knelson unit. The concentrate thus obtained was
then hand-panned. Both gravity concentrator and pan tailings were leached at a
1,000 ppm sodium cyanide concentration at pH 11 for a 48-hour period.
The highest overall gold recovery obtained was 89% with the 79 m grind size.
About 23% of this recovery was via the gravity concentrate.
The same procedure was applied to the six (6) zone composite samples with a K80
of 75 m. These samples were submitted to three optimization tests as follows:
Increase in retention time from 48 to 96 hours;

Reduction of the grind size to the Knelson to 50 m, increase in retention
time to 96 hours;
Increase in cyanide concentration to 5,000 ppm for Cluster 1 samples only.
A summary of the tests conditions and the recovery results is displayed in Table
13.5.
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Table 13.5 Gravity and Cyanide Leach Conditions and Recoveries

Tests
Conditions
Gold
Recovery (%)
K80 (m) 75
K80 (m) 75
K80 (m) 75
K80 (m) 50
NaCN(ppm) = 1,000
NaCN(ppm) = 5,000
NaCN(ppm) = 1,000
NaCN(ppm) = 1,000
Retention (hrs) = 48
pH=11
pH=11
pH=11
pH=11
Gravity
Total
23
89
Low Grade
12.3
Average
High Grade
Master
Composite
Gravity
Total
Gravity
Total
Gravity
Total
81.0
18.5
86.8
18.4
88.7
20.3
91.6
22.8
84.3
24.4
90.0
25.1
88.9
26.2
92.2
14.8
79.3
17.3
86.4
16.4
87.5
20.9
91.1
27.7
92.6
37.8
97.4
38.5
97.8
Cluster 1
Cluster 2
Low Grade
Average
31.6
94.3
29.9
96.9
44.3
98.2
High Grade
36.1
93.0
30.2
97.1
44.3
98.3
There was a notable difference in the performance of the Cluster 1 and Cluster 2
samples. Gravity and leach recoveries were better for Cluster 2. Depending on test
conditions, the total gold recovery of Cluster 1 ranged from 79% to 92%, whereas
the recoveries of Cluster 2 ranged from 93 to 98%. In both cases, recovery
increased with both the fineness of grind and retention time.
Increasing the leach time to ninety-six (96) hours, with the same cyanide
concentration, improved the overall recovery.
Increasing the sodium cyanide concentration to 5,000 ppm, with a forty-eight (48)
hour leaching time, improved the overall recovery.
Diagnostic leaching of tailings showed that part of the gold present in the Cluster 1
samples was not in a leachable form (gold was locked in the sulphide matrix and
gangue minerals).
Rougher Flotation
Rougher flotation tests were done on the Master Composite and the three (3)
Cluster 1 samples. The objective was to evaluate the viability of incorporating
flotation into the overall process.
A 2-kg sample of the Master Composite was ground to 130 m K80, whereas
Cluster 1 samples were ground to 108-127 m K80. Flotation was conducted in 4.4liter lab cells with Potassium Amyl Xanthate (PAX) as the collector and Methyl
Isobutyl Carbonyl (MIBC) as the frother.
The Master Composite produced a concentrate containing 71 grams per tonne of
gold (71 g/t Au) with a recovery of 89%. The concentrate produced from the Master
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Composite sample represented approximately 11% of the feed mass and 96% of the
feed sulphur.
Table 13.6 Summary of Flotation Gold Recoveries

Sample
% Au
Recovery
% Mass
Recovery
Master Composite
89
11
88
14
Cluster 1 - Average
90
14
Cluster 1 - Cutoff
82
13
Flotation, Regrind and Cyanidation
Testing consisted of a rougher sulfide flotation using Potassium Amyl Xanthate

(PAX) as the collector and Methyl Isobutyl Carbonyl (MIBC) as the frother, at natural
pH. Then, the flotation concentrate was finely ground to a K80 of 7m. The
concentrate was then intensively leached at 5,000 ppm of sodium cyanide for 48
hours, and the tailings leached at 1,000 ppm of sodium cyanide also for 48 hours.
Cluster 1 Composite was submitted to rougher flotation at three pre-grinding sizes of
107, 133 and 206 m. The three composite samples distinguished by grade (high,
average, cutoff) were submitted to rougher flotation at a single grind size only.
Table 13.7 Gold Recoveries Flotation, Regrind and Cyanide Leach of

Concentrate and Tailings
Description
Cluster 1 Composite
Total Gold Recovery (%)

107 m
133 m
206 m
96.0
95.5
93.6
200 m*
Cluster 1 High
94.7
Cluster 1 Average
95.1
Cluster 1 Cutoff
*236 m for Cluster 1 Cutoff.
89.7
Decreasing the primary grind size from 206 to 107 m improved the overall recovery.
More than 12% of the gold content of the feed ended up in the flotation tailings, thus
leaching these tailings improved overall gold recovery. Without leaching, gold
recovery would have averaged 73%, 87% and 83% respectively for the cutoff,
average and high samples.
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13.2.
Potential Processing Facility Secondary Testwork

A third series of metallurgical testwork was undertaken in October 2013 (report
KM4025, January 16, 2014). The objective was to compare the potential
metallurgical results of four (4) different flowsheets. These flowsheets were based on
six (6) existing milling facilities that could potentially process the Lamaque Sud
mineralized material on a custom milling basis. These flowsheets were as follows:
13.2.1.
Flowsheet 1: Gravity and carbon-in-leach (CIL);

Flowsheet 2 : Whole ore cyanidation;
Flowsheet 3: Whole ore carbon-in-leach (CIL);
Flowsheet 4: Flotation followed by cyanidation of concentrate and flotation
tailings.
Sample Description and Preparation

Two drums containing 183 samples were received at the ALS Metallurgy Kamloops
facility in October 2013. The material, already crushed to minus 6 mesh, was
identified according to the mineralized zone it was sampled from (Plug 4, Triangle,
Parallel and Fortune) and grouped according to gold grade (cutoff, average and
high). The laboratory prepared a composite sample for each zone of the mineral
deposit.
For this part of the testwork, the grades were blended. The composites were
homogenized, split into 2-kg lots and stored under nitrogen in a freezer until used for
testing.
Chemical assays were performed on duplicate head cuts from each of the four
composites, and then the selected flowsheets were tested. All of them were tested
with a primary grind size of 75 m K80.
13.2.2.
Properties of the Zone Composites

Table 13.8 shows a summary of the assays. The gold grade varies from 4.5 g/t to
9.13 g/t, depending on the zone assayed.
Table 13.8 Summary of Chemical Assays

Assays
Cu
Zn
Ag
S1
S(s)1
Au2
g/t
g/t
Fortune
0.024
0.03
1.11
1.08
6.3
Parallel
0.029
0.02
1.49
1.46
9.1
Triangle
0.009
0.01
1.58
1.54
8.8
Plug 4
0.011
0.01
2
1.78
1.74
Notes: 1. S indicates total sulphur; S(s) indicates sulphur within sulphides.
2. Au assays were completed using a screened metallics assay method.
4.5
Composite
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13.2.3.
Metallurgical Performance
Flowsheet 1: Gravity and Carbon-in-Leach (CIL)
Ten (10) kilograms of each composite were fed into a batch Knelson gravity
concentrator with hand panning of the gravity concentrate. Tailings from gravity
concentration were submitted to a carbon-in-leach test with a concentration of
30 g/litre of carbon, 1,000 ppm of cyanide, a pH of 11 and a retention time of
96 hours.
Table 13.9 Flowsheet 1 Recoveries

Gold Recovery (%)
Composite
Gravity
Total
Plug 4
13.7
87.6
Triangle
17.6
93.0
Parallel
47.6
97.8
Fortune
26.8
96.6
Flowsheets 2 and 3: Whole Sample Cyanidation and Carbon-in-Leach (CIL)
For the second and third flowsheets, the same conditions were applied to each
flowsheet with a cyanide concentration of 1,000 ppm and a pH of 11, for a retention
time of 96 hours. However, for the third flowsheet, 30 g/l of carbon was added to the
leach slurry. The following tables present the results obtained by flowsheet.

Gold Recovery (%)
Composite
Total
Plug 4
83.2
Triangle
92.9
Parallel
97.1
Fortune
95.6

Gold Recovery (%)
Composite
Plug 4
Total
85.1
Triangle
93.4
Parallel
96.6
Fortune
97.1
Flowsheet 4: Flotation with Cyanidation of Concentrate
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Flotation (rougher and cleaner) was carried out at a natural pH with Potassium Amyl
Xanthate (PAX) as the collector, and with Methyl Isobutyl Carbonyl (MIBC) as the
frother. The concentrate recovered, which was about 3 to 4% of the feed mass, was
leached at a concentration of 2,000 ppm of sodium cyanide with a pH of 11 for a
period of 96 hours. The flotation tailings were also leached with a 1,000 ppm cyanide
concentration, at the same pH and retention time.

Gold Recovery (%)
Composite
Plug 4
Concentrates
Leach
Tails
Leach
Total
58.4
24
82.4
Triangle
71.1
20.8
91.9
Parallel
85.8
8.9
94.7
Fortune
82.0
13.1
95.1
Overall gold recoveries from the first three flowsheets were comparable: 93% to 98%
for the Parallel, Triangle and Fortune composites, and 83% to 88% for the Plug 4
composite.
The Trace Mineral Search performed during the first series of tests (April 3, 2013
report) shows that the Cluster 1 sample, the majority of which is composed of Plug 4
zone material, is characterized by gold particles as inclusions and is therefore more
difficult to leach. But tests done on the Cluster 1 sample with a finer grind yielded a
better gold recovery.
Gravity concentrates graded between 257 g/t and 1,218 g/t Au.
The sodium cyanide consumption doubles for a flowsheet using the CIL process. On
average, it ranges from 0.95 to 1.98 grams of reagent per tonne of feed.
Flowsheet 4, using flotation, showed lower recoveries compared to the other three.
Leaching of the concentrate recovered 58% to 86% of the feed gold. Leaching of the
flotation tailings recovered 9% to 24% of the feed gold.
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14.
MINERAL RESOURCE ESTIMATES

and Triangle (See section 14.4) zones of the Lamaque Project, presented herein,
were completed by the author Christian DAmours, P.Geo. (OGQ # 226), of
GoPointCom, using all available results as per the effective date of each zone.
GoPointCom was contracted by Herv Thiboutot, P.Eng., Senior Vice-President of
Integra Gold. The main objective was to publish revised mineral resource estimates
for the above mentioned zones. This updated resource estimate integrates 45,400 m
of new drilling completed on the two main gold zones at Lamaque South property,
the Triangle (33,000 m) and Parallel (12,400 m) Zones.
The 2015 PEA has not been updated in light of this new Mineral Resource
estimate for the Parallel and Triangle Zones. The new Mineral Resource Estimate
does not have a negative impact, or otherwise adversely effect, on the mineral
resources inventory used for the 2015 PEA
The Qualified and Independent Person responsible for the Mineral Resource
Estimate, as defined by NI 43-101, is Christian DAmours, P.Geo (OGQ #226). The
estimate is based on an interpretation performed by Alain-Jean Beauregard, P.Geo.
(OGQ #227), and Daniel Gaudreault, P.Eng. (OIQ #39834), both of Geologica.
This section also presents the results of previous resource estimates for Fortune,
No. 4 Plug, No. 6 Vein and Sixteen Zone. These resources estimates were also
performed by Christian DAmours, P.Geo (OGQ #226). These estimates were based
on an interpretation performed by Alain-Jean Beauregard, P.Geo. (OGQ #227), and
Daniel Gaudreault, P.Eng. (OIQ #39834), both of Geologica. These resources
estimates were on SEDAR in the technical reports of Beauregard et al. (2013),
Poirier et al. (2014; 2015).
All details and results for these resource estimations are presented in Tables 14.1,
14.2 and 14.3
The mineral resources presented herein are not mineral reserves as they have no
demonstrable economic viability. The result is a Mineral Resource Estimate with
Indicated and Inferred resources for each mineralized zones, modelled for
underground mining.
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Table 14.1 Total Indicated Resource Estimate by zone using a 3.00 g/t
Au cut-off
Gold Deposit Name
Metric Tonnes
Grade (g/t Au)
Au Ounces
1,325,100
5.6
237,450
Fortune Zone
125,500
5.8
23,600
Parallel Zone
766,500
7.3
180,750
Triangle Zone
1,957,100
8.3
520,630
No. 6 Vein
389,400
6.4
79,550
Sixteen Zone
91,700
5.2
15,440
4,655,300
7.1
1,057,420
No. 4 Plug
Total Indicated
Table 14.2 Total Inferred Resources Estimate by zone using a 3.00 g/t
Au cut-off
Gold Deposit Name
Metric Tonnes
Grade (g/t Au)
0.0
Fortune Zone
252,300
5.6
45,220
Parallel Zone
250,900
10.7
86,460
Triangle Zone
604,700
9.0
174,470
No. 6 Vein
111,600
6.9
24,590
Sixteen Zone
1,800
4.2
250
Total Inferred
1,221,300
8.4
330,990
No. 4 Plug
Ounces
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Table 14.3 Key parameters for Mineral Resource Estimates by zone

Zone
Estimator
Cell
dimension
Min. Search
radius
Max. Search
radius
Min. N.
samples
Fortune*1
Ordinary Kriging
10X10X15m
25m
90m
10
None
2m
0.5m
2012-11-08
5X5X5m
45m
45m
Varying
from 2 to 5
Varying
form 15
to 20
90 [Gradual] *4
2m
1.0m
2014-07-30
Parallel Various methods*3
Max. N.
Capping grade
samples
Cut Off
grade
Min. thrue Composit

thickness
length
Effective
date
Plug 4
Ordinary Kriging
10X10X10m
35X50X16m
60X60X16m
10
300
*2
1.0m
2013-03-19
Vein 6
Ordinary Kriging
10X10X10m
50X50X50
100X100X100
40 [Gradual]
2m
1.0m
2012-08-17
Sixteen
Ordinary Kriging
10X10X10m
15X15X15
60X60X60
10
35
2m
0.7m
2013-11-18
Triangle
Inverse squared
distance
5X5X5m
Various per
vein
various per
vein
55 when distace
is over 10m
4 and
4.5
2m
1m
2015-01-30
*1 True thickness, Mineralized Zone grade and Dilution grade where booth estimated for all cells and recombined at the end.
*2 Not constrain to vein. The selection is based on "high probability Mineralized Zone" within the dioritic intrusive.
*3 For each vein, multiple interpolator where used. A cross validation procedure was used to select the method producing the smaller error centered to 0.
*4 Incluiding a procedure to limit the range of influence to 10m for high value (over 10 to 45)
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14.1.
Resource Estimate Fortune Zone

The estimation was performed in November and December 2012. The validated
database was completed November 8, 2012, and this was considered as the
effective date for the resource estimation of the Fortune Zone (formerly the Forestel
Zone). Diamond drill holes FOR-11-06 and T-06-04-09 were the last drill holes to be
validated and verified for inclusion in the resource calculation.
14.1.1.
Methodology
The 2013 Mineral Resource Estimate and geostatistical study detailed in this report
was performed using the Isatis (V.2012.4) software package. The method involves a
3D block model estimated with an ordinary kriging (OK) interpolator.
14.1.2.
Drill Hole Sample Database

The GeoticLog/MS Access diamond drill hole database was reviewed and validated
by Geologica. It contains 43 surface diamond drill holes with conventional analytical
gold assay results, as well as coded lithologies from drill core logs. The 43 drill holes
account for 12,207.68 m of core and yielded 4,532 cut and assayed samples for a
total of 4,058.32 m. The database also contains 422 QA/QC samples.
14.1.3.
Interpretation of Mineralized Zones

The interpretation of the host geological units, their mineralized envelope, veins,
structures combined and conjugate zones was completed by Benjamin Blaise,
P.Geo., M.Sc., of Geologica under the supervision of Alain-Jean Beauregard,
P.Geo., and Daniel Gaudreault, Eng. (OIQ # 39834). A wireframe solid representing
eight (8) individual mineralized auriferous structures oriented N270/-45 was
constructed by the author.
The wireframe solid was created by digitizing an interpretation onto nine (9) sections
spaced 50 m apart, and then using tie-lines to complete the wireframes for each
individual vein (Fig. 14.1). For each vein intersection, the minimum true thickness
was set to 2 m. When true thickness was inferior to the minimum thickness, internal
dilution was included to achieve the minimum thickness.
Thus three selection sets were created within the database:
One selection representing all samples within the vein regardless of

minimum thickness (Vein Selection);
Another selection representing samples added to achieve the minimum
thickness (Internal Dilution Selection); and
The third selection is the midpoint of each Vein Selection where the true
thickness of the Vein Selection is estimated (Intersection Selection).
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Figure 14.1 Wireframe solids of the Fortune Zone

(formerly the Forestel Zone).
14.1.4.
High Grade Capping

It is common in the industry to remove some of the highest (aberrant) values from
assay distribution prior to compositing the samples. The main objective of this
process is to make sure that a peak erroneous value could not affect grade
estimation. With the development of statistical methods for estimating grade, this
process became less important. In fact, Kriging and especially simulation techniques
are less sensitive to some occasional very high values. On the other hand, the
presence of some very high values may make the variogram difficult to establish.
Geostatistics provide some efficient tools to solve this problem. The more common
methods used to assess the necessity of using a capping value are listed below:
The first indication of the necessity to cap high values is the coefficient of
variation CV. Ideally, this should be located close to 1. A CV above 2 is
generally considered an indication that high values should be capped. In the
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case of very high CV, uncapped grades may make it difficult to produce a
clean variogram.
In the case of a simple normal or log-normal population, the probability curve

should form a relatively straight line. A positive break in the upper end is
often interpreted as an indication that high values should be capped. This
criterion is probably the strongest indication, especially when the interpolation
method is based on a normal or lognormal distribution.
The metal factor method consists of comparing the cumulated metal

percentage with the cumulated data percentage. This technique takes for
granted that all samples represent an equivalent number of tonnes.
Specialists generally agree to keep this factor below 10. In other words, there
should never be more than 10% of ounces in less than 1% of tonnes. This
method really concentrates on the upper 1 or 2% of the distribution. It is more
a security factor than a distribution analysis.
Figure 14.2 shows a comparative histogram of the log-transformed gold values from
each vein, and Figure 14.3 displays the probability plot from all samples within the
Vein Selection population. From these graphs it is clear that the Vein Selection
samples do not form a simple normal or log-normal population. It seems to be a
bimodal distribution where the upper part (50% of the population) may follow a lognormal distribution without any positive break at higher grades. The distributions of
the metal content within the percentile classes do not show any abnormal
concentration. So only the CV of 2.46 would support a capping grade. Thus, the
author does not recommend using a capping grade.
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Figure 14.2 Comparative histogram
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Figure 14.3 Probability plot
14.1.5.
Compositing
Compositing was compiled using the grade of the adjacent material when assayed,
or a value of zero when not assayed.
In order to minimize any bias introduced by the variable sample lengths, uncapped
gold assays (as determined in the previous subsection) were composited to
0.5-metre equal lengths (0.5m composites) within all intervals that define each of
the mineralized zones (Vein Selection) and internal dilution (Internal Dilution
Selection). Tails were not created; they were instead distributed over the previous
composites.
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14.1.6.
Variography
The author modelled the composite variography of the three selected items (Vein,
Dilution and Intersection) using Isatis software. The objectives of this step consist of:
Characterizing the anisotropy and setting the dimensions and direction of a

search ellipsoid to use during the interpolation of values of the block model.
The dimensions of the three axes of the ellipsoid are equal to the range
measured on the variograms. This way, it is statistically shown that wherever
the center of this ellipsoid is located, all samples included within it will have a
variance inferior to that of the entire population. It is reasonable to use this
sub selection to estimate the value of a central point. The anisotropy may
also be used to select and weigh samples during the de-clustering steps.
Defining the Kriging equations. The equations deriving from the variograms
are required during the Kriging interpolation. These equations take into
account the nugget effect (C0), the model of dispersion (spherical,
exponential), the range and the variance in each of the three axes (1, 2
and 3). It is frequent to use more than one model in order to better
represent the dispersion (short and long) of each of the axes before reaching
the level (total variance).
The author first calculated an omnidirectional variogram to estimate the nugget effect
(C0). Second, he calculated 18 directional variograms located in the horizontal
plane. This allows for defining the direction of longer continuity (longitudinal
direction). The next step includes 18 directional variograms set in the vertical plane
parallel to the longitudinal direction and another 18 directional variograms set in a
vertical plane perpendicular to the longitudinal direction. And finally 18 directional
variograms on an inclined plane representing the best plan fit for all mid points
(longitudinal plan). This step allows having an overview of the variance of the
idealized sphere in order to verify the presence of a directional anisotropy.
The variograms so obtained are considered robust and reliable. This means that
they resist well enough to parameter changes such as tolerance or lag, and they
compare well to the results obtained using other types of variograms.
The last step consists of fitting a mathematical model allowing representation of
these experimental variograms. The author was unable to clearly demonstrate the
presence of any directional anisometry laid on the best plan fit. Of course, the axes
perpendicular to the vein are very short compared to all axes within the vein plan, but
this is not considered as an anisometry as we used hard boundaries from individual
veins when interpolating.
Figure 14.4 shows the omnidirectional model variography proposed for all three (3)
composite selections considered.
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Figure 14.4 Omnidirectional variography.
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14.1.7.
Bulk Density
A specific gravity of 2.80 g/cm3 was used to estimate the tonnage for the 2012
Mineral Resource Estimate.
14.1.8.
Block Model Geometry

A block model was established to cover the entire drilled area. The origins of the
block model are as follows (center of the front, bottom, left cell):
Easting: 295980mE (29 cells 10 m each);

Northing: 5330050mN (27 cells x 10 m each);
Elevation: 90m (15 cells x 15 m each).
The block model was not rotated.

14.1.9.
Mineralized Zone Block Model

All blocks with at least 0.001% of their volume falling within a selected solid were
assigned the corresponding solid vein code. A percent block model was generated
reflecting the proportion of vein in each block.
14.1.10.
Grade Block Model

For each cell, three different values (True Thickness, Mineralized Grade and Dilution
Grade) were estimated. In all cases, vein identification and samples identification
must strictly match in order to be used (hard boundary). All estimations were carried
out using an OK estimator.
For each value estimated, up to three consecutive passes were carried out using
three different search ellipsoid sizes. For the first pass, the radius of the search
ellipsoid was set to 25 m. If the minimum number of samples was not found, a try
was made for the second pass. With the second pass the radius was extended to 45
m. If the minimum number of samples was still unavailable, then the radius was
extended to 90 m for the final attempt.
When interpolating true thickness, the minimum number of samples within the
search ellipsoid was set to 2 and the maximum was 10. For Zone Grade and Dilution
Grade, the minimum number of samples was set to 3 and the maximum to 10. No
other restriction parameters (octants, parent hole, distance) were used.
For each cell where the estimated true thickness was less than 2, the final grade was
calculated using the proportional values of the Zone Grade and Dilution Grade with
respect of the estimated true length. Of course, when the estimated true thickness
was 2 or more, the final grade was set to the value of the Zone Grade without any
internal dilution.
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14.1.11.
Resource Categories
The resource classification definitions used for this report are those published by the
Canadian Institute of Mining, Metallurgy and Petroleum in their document CIM
Definition Standards for Mineral Resources and Reserves
Measured Mineral Resource: the part of a Mineral Resource for which quantity,
grade or quality, densities, shape, physical characteristics are so well established
that they can be estimated with confidence sufficient to allow the appropriate
application of technical and economic parameters, to support production planning
and evaluation of the economic viability of the deposit. The estimate is based on
detailed and reliable exploration, sampling and testing information gathered through
appropriate techniques from locations such as outcrops, trenches, pits, workings and
drill holes that are spaced closely enough to confirm both geological and grade
continuity.
Indicated Mineral Resource: the part of a Mineral Resource for which quantity,
grade or quality, densities, shape and physical characteristics can be estimated with
a level of confidence sufficient to allow the appropriate application of technical and
economic parameters, to support mine planning and evaluation of the economic
viability of the deposit. The estimate is based on detailed and reliable exploration
and testing information gathered through appropriate techniques from locations such
as outcrops, trenches, pits, workings and drill holes that are spaced closely enough
for geological and grade continuity to be reasonably assumed.
Inferred Mineral Resource: the part of a Mineral Resource for which quantity and
grade or quality can be estimated on the basis of geological evidence and limited
sampling and reasonably assumed, but not verified, geological and grade continuity.
The estimate is based on limited information and sampling gathered through
drill holes. Resources from this category should not be used to support mine
planning and evaluation of the economic viability of the deposit.
The Indicated category was assigned to each cell where true thickness was
estimated using the first pass ellipsoid, and at least two (2) drill holes were found
within a 25 m radius. An Inferred category was assigned to all cells where the true
thickness was estimated using the second or the third pass ellipsoid.
No measured category was assigned to any blocks.
14.1.12.
Minimum cut-off Value

By definition, the cut-off is the breakeven point considering total cost and revenue
generated by the operation. The current estimation used the following economic
parameters:
Gold value = C$1,450/oz;

Mining cost = $90/t (metric ton);
Milling fees = $25/t (metric ton);
Gold recovery = 92%.
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These parameters give a first estimation of the cut-off at 2.7 g/t Au. It is clear that the
parameters do not represent total cost. Environmental, developmental,
administration costs, etc. were not taken into account. Another 25% may be added to
the cost previously considered, which would push the estimation of the cut-off to 3.35
g/t. The author suggests using 3.0 g/t for the official estimation.
Other cut-off grade results were also compiled, but for illustrative purposes only. The
cut-off grade must be re-evaluated in light of prevailing market conditions and other
factors: gold price, exchange rate, mining method, related costs, etc. (Fig. 14.5).
Figure 14.5 Sensitivity of estimates to different cut-off values.
14.1.13.
Mineral Resource Estimate Results

Given all parameters listed above, GoPointCom is of the opinion that the current
Mineral Resource Estimate can be classified as Indicated and Inferred resources
(Table 14.4). The estimate is compliant with CIM standards and guidelines for
reporting mineral resources and reserves
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Table 14.4 Fortune Zone Mineral Resources
14.1.14.
Comparison to Previous Mineral Resource Estimates

Comparing mineral resource estimates may appear to be a simple exercise, but in
reality, obtaining real conclusions from such comparisons is difficult due to
differences in key assumptions, parameters and methods and the interaction
between these features in the final results. In the current case, historical estimates
were not NI 43-101 compliant and will not be commented on.
In December 2010, GoPointCom was first involved in a resource estimation for the
Forestel Zone (now called Fortune). At that time, the zone was interpreted with five
(5) subparallel veins oriented more or less N275/-28. The block model was estimated
using an OK estimator and a search ellipsoid of 50 m radius laid on an idealized plan
(perpendicular axis was 10 m). Because of the lower confidence level on the
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geological model, all the resources were classified as Inferred and no cut-off was
used. At that time, Inferred resources where estimated at 861,000 tonnes at
2.1 g/t Au (58,000 oz).
If we consider no cut-off and everything as Inferred, the current estimate will
represent 1,270,000 tonnes at 2.4 g/t Au (98,700 ounces). Thus, new drilling and
refinement of the geological model allowed for an impressive upgrade.
14.2.
Resource Estimate Parallel Zone

The estimation was performed in July 2014. The cut-off date for the database was
April 15, 2014. The last drill hole included and considered is PV-13-39. The effective
date for the resource estimate of the Parallel Zone is July 30, 2014. The current
estimate represents an update of the last estimate prepared by Christian DAmours
of GoPointCom (the author of this section) in May 24, 2012.
14.2.1.
Methodology
The Mineral Resource Estimate and geostatistical study detailed in this report was
performed using Isatis (V.14.00) software. The method involves a 3D block model
estimated with four different interpolators. Then a cross validation procedure relative
to the value of each drill hole intercept was performed to select the better (smaller
error centered to 0) interpolator for each vein. Interpolator used consists of Invers
Squared Distance (IPD2), Ordinary Kriging (OK), Bundled Indicator Kriging (BIK) and
Turning Band Conditional Simulation (TBS).
14.2.2.

The Geotic/MS Access diamond drill holes database is maintained and updated by
Geologica employees (P.Geo. and P.Tech.) under the supervision of Alain-Jean
Beauregard, P.Geo. and Daniel Gaudreault, Eng. It contains 199 surface diamond
drill holes compared to 158 for the May 2012 estimation) with conventional analytical
gold assay results, as well as coded lithologies from the drill core logs. The 199 drill
holes yielded 51 762 m of core and 18 873 samples (compared to 13 305 in May
2012) for a total of 17 061 m of saw-cut and assayed core. The database also
contains 1 961 QA/QC samples.
14.2.3.

The interpretation was completed by Benjamin Blaise and Laura Guillaume, junior
geologists of Geologica, under the supervision of Alain-Jean Beauregard and Daniel
Gaudreault of Geologica. In order to conduct accurate resource modelling of the
Parallel Zone, the author constructed a wireframe solid representing 22 individual
veins oriented more or less N080/-38 (Table 14.5).
The difference between the actual interpretation and that made in May 2012 is due
to the addition of 41 new drill holes and also to the introduction of different
interpolators. The wireframe solid was created by digitizing an interpretation onto 25
sections spaced 25 m apart, and then using tie-lines to complete the wireframes for
each individual vein (Figure 14.6). For each vein intersection, the minimum true
thickness was set to 2 m.
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Table 14.5 Geometry of the area where grade is over 3 g/t Au
Geometryoftheareawheregradeisover3g/t
Sector Tickness(m) Azimut
Dip
1a
1.8
81
36
1bE
1.9
91
41
1bW
1.8
81
34
1cE
1.9
82
41
1cW
2.4
97
38
1d
2.7
82
36
2a
2.2
87
35
3aE
1.9
81
23
3aW
2.4
64
38
4a
2
93
38
4b
2.2
100
30
5a
2
75
38
5b
2.1
75
24
5c
2.3
75
37
5dE
2.4
86
42
5dW
1.6
69
35
5e
6aE
2.5
78
41
6aW
1.5
62
60
6b
2.5
82
44
6c
2.1
78
47
6d
2.3
63
42
7a
1.9
92
39
7b
2
71
48
7c
1.9
74
45
7d
2.2
79
34
7e
1.7
76
34
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Figure 14.6 Wireframe solids of the Parallel Zone.
14.2.4.
High Grade Capping

Many low grade mineralizations, typically precious metals like gold exhibit sample
grade distributions with outliers on the high side. It is common in the industry to
remove some of the highest (aberrant) values from the assay distribution prior to
compositing samples. The main objective of this process is to make sure that the
erroneous value could not affect the local grade estimation. However, in most cases,
those values are real and correspond to a small quantity of very rich material likely to
be found in some mining blocks. Hence the mean grade of the entire deposit should
take those values into account since, with hundreds or thousands of samples, it is
most likely that the proportion of this material is not over-represented in the
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distribution of samples. The real problem occurs with local estimates of mining
blocks around the outliers: now one outlier with a very high grade in a group of 20
samples certainly do not indicate a small proportion of very rich material in the block.
On the other hand, it is not because we havent found any rich sample around a
block that they not exist. Hence, whenever there is some evidence of the presence in
very small quantities of some real very rich zone, block estimates close to outliers
should be reduced and block estimates with no outliers around might be increased a
little. With the development of statistical methods for estimating grade, this process
became less important. In fact Indicator Kriging, and simulation techniques involving
normal transformation of score are very efficient to deal with distribution containing
outliers. On the other hand, the presence of some very high values may make the
variogram very difficult to establish.
If we do not have a sampling problem (i.e. very high grade duplicate well), there are
no theoretical or scientific ground to cap high sample data. As explained above,
outliers are a problem in local (block) interpolation with traditional interpolation
method (including kriging) in
the sense that blocks close to outliers are likely over-estimated but, if we have
thousands of even hundreds of samples, in most cases, they do not bias the global
estimates (i.e. the average grade of the deposit). More than often, we consider that
high grade capping is more psychological than anything else: if you havent cap your
sample data in a gold deposit, people will not trust you.
Geostatistics provide some tools to find and removed outliers. The more common
methods used to assess the necessity of using a capping value is listed below:
The first indication of the necessity to cap high values is the

coefficient of variation CV. Ideally, this one should be located
close to 1. A CV value above 2 is generally considered as an
indication that high values should be capped. In fact this is highly
related to the difficulty of producing a clean variogram when the
CV is very high.
In the case of a simple normal or log-normal population, the

probability curve should form a relatively straight line. A positive
break in the upper end is often interpreted as an indication that
high values should be capped. This criterion is probably the
strongest indication, especially when the interpolation method is
based on a normal or lognormal distribution.
The metal factor method consists of comparing the cumulated

metal percentage with the cumulated data percentage. This
technique takes for granted that all samples represent an
equivalent number of tonnes. Specialists generally agree to keep
this factor below 10. In other words, there should never be more
than 10% of ounces in less than 1% of tonnes. This method really
concentrates on the upper 1 or 2% of the distribution. It is more a
security factor than a distribution analysis.
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Figure 14.7 shows the distribution (density, box plot and probability plot) of gold
values for all samples within the Vein Selection. From this graph it is clear that Vein
Selection samples do not form a simple normal or log-normal population. It clearly
represents a mix of many sub-populations. The number of samples having a grade
equal to 0.001 and 0.05 g/t is abnormally high. The higher end of the probability plot
shows a small bump around 200 g/t Au but returns to the normal (straight line)
immediately after this sample. The metal content distributions within the percentile
classes show that 43% of the metal content is contained within the two last
percentiles. To satisfy the metal factor method explained above, the higher grade
could be capped at 22 g/t but this approach would seem excessive. Finally, although
the CV of 4.18 would argue in favor of a capping grade, even if we cap at 22 g/t, the
CV will still be high at 2.37. At this point we may presume that the high CV will make
variography relatively difficult to establish.
Au Uncut
1000
100
10
.1
.01
.001
1
10
25
50
75
90 95
99
Figure 14.7 Comparative histogram
The only way to really quantify the effect of high values on the estimate is to repeat
the same estimation at several capping grades and compare the final number of
ounces in each case. The author used 12 different capping grades from 275 g/t
(uncapped) to 20 g/t before compositing. The resource was then estimated using an
IPD2 estimator on a block model of 5X5X5.
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Figure 14.8 shows the percentage of ounces lost at each capping. This graph shows
that the last percentile influence 20% on the total ounces. It also exhibits a slope
change after 90 g/t. Thus the author is proposing to use a gradual capping method. It
is suggested to reduce by 55% the grade interval over 90 g/t for all samples
exceeding 90 g/t, according to the following formula:
Au Capped = 90 + (0.55* (Au 90)
As discuss earlier, when interpolation is based in a linear methods (Ok, IPD)
extremely high value may have a big influence on surrounding cell (proportion of
extreme values is over represented). For this reason, for all area where veins is
interpolated with a linear method, the author add a parameters reducing the
maximum distance to include a sample with high value. See section 14.2.10
Figure 14.8 Capping effect on total ounces

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14.2.5.
Compositing
or a value of zero when not assayed. In order to minimize any bias introduced by the
variable sample lengths, capped gold assays (as determined in the previous
subsection) were composited to 1 m equal lengths (1.0m composites) within all
intervals that define each of the mineralized zones (Vein selection). Tails were not
created; they were instead distributed over the previous composites.
For Grade Over 0.1 g/t
1000
100
10
.1
.01
-0.2
0.1
0.4
0.7
1.0
1.3
1.6
Length (m)
Figure 14.9 Effect of length on grade
14.2.6.
Variography
The author modelled the variography from composite for all veins using Isatis
software. However, in some case, the vein (1A, 5A, 5C, 5E, 6D, 7A, 7B, 7C, 7D and
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7E) do not count sufficient number of samples for this type of study. In that case, the
variogram model was derived from all samples of the 10 small zones. In some case
the variography was difficult to establish due to one or two aberrant values. When it
append, aberrant value where ignore prior to model the variogram. These variogram
models where used to define the Ordinary Kriging parameters (OK).
The variography of indicated transformed composit was also modeled for all veins
where number of samples where sufficient to produce a relevant model. These
transformed model where used for the BIK and for the TBS interpolation.
14.2.7.
Bulk Density
A specific gravity of 2.80 g/cm 3 was used to estimate the tonnage for the 2014
14.2.8.

Easting: 294715mE
Northing: 5329935mN
Elevation: -310m
(101 cells x 5 m each);

(127 cells x 5 m each).
The block model was not rotated and the error on volume calculated from the block
model compared to the volume estimated from the wireframe is lower than 0.01%.
14.2.9.

14.2.10.
Grade Block Model

For each cell the grade was estimated for each vein individually using only relevant
composites. All mineralized zone composites were used to estimate all the cells
previously identified as included within a vein zone. For all vein except vein 7,
estimations were done using the OK, the BIK and the TBS estimators. A cross
validation process was used to select the better estimation compared to the values
of each hole intersections. The better one was retained for resource estimation see
table 14.6 . For all veins 7, the small number of samples allowed only for IPD2
interpolation.
The search ellipsoid used for selecting samples was spherical. When combine with a
strict match of samples flag and zone flag, this permit to reduce the geometry
problems associate with zones slightly waving.
In some case especially for OK, when extremely high value was the source of
difficulty with the variography, the neighboring was set with parameters allowing
reducing the range of values over threshold. See table 14.6
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Table 14.6 Interpolation parameters

Interpolationparameters
Variogrammodel
Sectors
Interpolator
1a
BIK
NES=0.16
1bE
TBS
NES=0.04
1bW
TBS
NES=0.04
1cE
OK
NES=4.8
1cW
OK
NES=4.8
1d
OK
NES=13.8
2a
TBS
NES=0.032
3aE
TBS
NES=0.093
3aW
BIK
NES=0.093
4a
OK
NES=32.59
4b
OK
NES=6.59
5a
TBS
NES=0.123
5b
OK
NES=1.56
5c
OK
NES=52.6
5dE
TBS
NES=0.076
5dW
BIK
NES=0.076
5e
OK
NES=52.6
Structur1
6aE
TBS
NES=0.057
6aW
TBS
NES=0.057
6b
TBS
NES=0.057
6c
TBS
NES=0.123
6d
TBS
NES=0.12
Structur2
SPR=40.0
SPS=0.16
SPR=17.0
SPS=0.16
SPR=17.0
SPS=0.16
SPR=25.0
SPS=9.8
SPR=25.0
SPS=9.8
SPR=22.7
SPS=15.8
SPR=31.5
SPS=0.171
SPR=29.61
SPS=0.119
SPR=29.61
SPS=0.119
SPR=30.10
SPS=33.53
SPR=20.47
SPS=2.21
SPR=14.74
SPS=0.123
SPR=11.9
SPS=0.8
SPR=25.3
SPS=19.23
SPR=27.0
SPS=0.102
SPR=27.0
SPS=0.102
SPR=25.3
SPS=19.23
SPR=17.83
SPS=0.127
SPR=17.83
SPS=0.127
CBR=29.0
CBS=0.09
SPR=20.0
SPS=0.07
SPR=25.0
SPS=0.11
Structur3
SPR=70.0
SPS=0.045
SPR=70.0
SPS=0.045
SPR=78.86
SPS=0.058
SPR=78.86
SPS=0.058
SPR=140.0
SPS=0.11
SPR=75.0
SPS=0.06
Radius
Nieghbor
Minsample Maxsample
Threshold Threshold
value
distance
45
20
45
20
45
20
45
15
27
10
45
15
27
10
45
15
29
10
45
20
45
20
45
20
30
15
46
10
30
15
45
20
30
15
10
10
45
15
45
20
45
20
45
15
45
20
45
20
45
20
45
20
45
20
7a
IPD2
45
2
20
7b
IPD2
45
2
20
7c
IPD2
45
2
20
7d
IPD2
45
2
20
7e
IPD2
45
2
20
NES=NuggetEffectSill;SPR=SphericalRange;SPS=SphericalSill;CBR=CubicRange;CBS=CubicSill
Whensampleisoverthresholdvalus,hisinfluenceislimitedtothethresholddistance.
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14.2.11.
Resource Categories
Definition Standards for Mineral Resources and Reserves.
continuity.
The Indicated category was assigned to each cell where the number of drill hole
within a radius of 25 m is equal to or more than 2. All other cells were assigned the
Inferred category. Because of the lack of information and thus the uncertainty of the
3D model, all cells from Vein 7 are classified as Inferred.
14.2.12.

parameters:
Gold value = $1,450/oz;

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These parameters give a first estimation of the cut-off at 2.27 g/t. It is clear that the
parameters do not represent total cost. Environmental, developmental and
the costs previously considered. Doing so would push the estimation of the cut-off to
3.35 g/t. The author suggests using a cut-off of 3.0 g/t for official estimation.
Other cut-off grade results were also compiled, but for illustrative purposes only
(Table 14.7). The cut-off grade must be re-evaluated in light of prevailing market
conditions and other factors including gold price, exchange rate, mining method,
related costs, etc.
Table 14.7 Sensitivity of resource to different cut-off values

inferredresourceperCutOff
indicatedresourceperCutOff
CutOff(g/t)
Onces
Ton
Grade
Onces
Ton
Grade
0.0
101140
639900
4.90
220320
1505800
4.60
0.5
100660
490300
6.40
219820
1459400
4.70
1.0
99740
455900
6.80
217430
1363600
5.00
1.5
98020
413600
7.40
210500
1191600
5.50
2.0
94360
346500
8.50
200920
1019200
6.10
2.5
91890
312500
9.10
191180
885900
6.70
3.0
86460
250900
10.70
180750
766500
7.30
3.5
84340
230400
11.40
170270
666600
7.90
4.0
82000
211100
12.10
160490
585200
8.50
4.5
75780
166000
14.20
151780
521300
9.10
5.0
73880
153700
15.00
142890
462900
9.60
5.5
72550
145900
15.50
133970
410000
10.20
6.0
69730
130500
16.60
125230
362800
10.70
6.5
68490
124300
17.10
117330
323200
11.30
7.0
67250
118600
17.60
108940
284600
11.90
7.5
65310
110300
18.40
101520
252900
12.50
8.0
64250
106100
18.80
94030
222800
13.10
8.5
63360
102700
19.20
87450
197900
13.70
9.0
62700
100400
19.40
80730
174100
14.40
9.5
57870
84100
21.40
74830
154200
15.10
10.0
57330
82400
21.60
69800
138200
15.70
14.2.13.

Mineral Resource Estimate can be classified as Indicated and Inferred
resources. The estimate is compliant with CIM standards and guidelines for reporting
mineral resources and reserves.
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At a cut-off of 3.0 g/t Au, the official result is listed in Tables 14.8 and 14.9.Table
14.8 Mineral resources in the Parallel Zone per vein.
Sector
1a
1bE
1bW
1cE
1cW
1d
2a
3aE
3aW
4a
4b
5a
5b
5c
5dE
5dW
5e
6aE
6aW
6b
6c
6d
7a
7b
7c
7d
7e
Total
Table 14.8 Mineral resources in the Parallel Zone per vein

inferredresourceat3g/tCutOff
indicatedresourceat3g/tCutOff
Onces
Ton
Grade
Onces
Ton
Grade
1020
5300
6
5570
11700
14.8
410
3400
3.8
1040
6900
4.7
0
0
0
770
3300
7.3
240
1700
4.4
6080
32000
5.9
0
0
0
400
3000
4.1
30
300
3.3
10590
41200
8
630
2800
7.1
19990
63200
9.8
700
5200
4.2
4050
28300
4.5
0
0
0
1190
6600
5.6
120
800
4.6
8010
35700
7
0
0
0
590
4800
3.9
270
1600
5.5
4760
29800
5
20
200
3.2
1570
9500
5.2
0
0
3.2
3640
22900
5
270
2100
4.1
3980
24600
5
10
100
3
120
1100
3.3
0
0
0
0
0
0
650
3600
5.6
25170
113500
6.9
0
0
0
370
2900
4
3960
23500
5.2
70580
262300
8.4
380
2300
5.1
6830
38300
5.5
880
4000
6.8
4500
23500
6
13270
49700
8.3
0
0
0
2490
13700
5.7
40
300
4.7
36010
77800
14.4
900
1100
25.5
3720
29000
4
0
0
3.1
21380
23800
27.9
0
0
0
86460
250900
10.7
180740
766500
7.3
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Table 14.9 Mineral resources in the Parallel Zone (all veins) per elevation
Bottomof
15m.bench
297.5
282.5
267.5
252.5
237.5
222.5
207.5
192.5
177.5
162.5
147.5
132.5
117.5
102.5
87.5
72.5
32.5
47.5
62.5
77.5
92.5
107.5
122.5
137.5
152.5
167.5
182.5
197.5
212.5
227.5
242.5
257.5
272.5
287.5
14.2.14.
Resourceestimatedat3g/tCutOff
inferredresourceperBench
indicatedresourceperBench
Onces
Ton
Grade
Onces
Ton
Grade
430
2000
6.8
610
2400
7.9
1420
8700
5.1
7240
26700
8.4
800
5000
4.9
12670
48400
8.1
360
2700
4.1
18660
58400
9.9
380
2800
4.2
12720
65200
6.1
1480
9200
5.0
9160
49000
5.8
730
4100
5.5
15780
62400
7.9
350
2500
4.4
15940
83100
6.0
470
3100
4.8
20140
94800
6.6
960
4500
6.6
20980
87600
7.5
290
1700
5.3
23760
85300
8.7
1150
4600
7.7
16130
61500
8.2
520
3600
4.5
5190
33500
4.8
170
1600
3.3
560
4800
3.6
0
0
3.5
160
1400
3.5
70
600
3.5
100
700
4.3
Areawithoutgrade
1990
4800
12.9
0
0
0.0
5180
12600
12.7
0
0
0.0
2880
9300
9.6
0
0
0.0
1010
7200
4.4
0
0
0.0
940
6700
4.3
0
0
0.0
890
6300
4.4
0
0
0.0
4120
16300
7.8
0
0
0.0
8920
27200
10.2
130
300
13.6
11070
32900
10.5
800
1100
23.6
8680
14900
18.2
0
0
0.0
5790
12400
14.6
0
0
0.0
1710
6400
8.4
0
0
0.0
1210
5500
6.9
0
0
3.1
910
6500
4.3
0
0
0.0
180
1100
4.9
0
0
0.0
5820
6100
29.9
0
0
0.0
10350
11100
29.1
0
0
0.0
5220
6700
24.2
0
0
0.0

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between these features in the final results. In the current case, historical estimates
are not 43-101 compliant and will not be commented on.
In May 2012, GoPointCom estimated indicated resource of the Parallel Zone to
793 900 tonnes at 8.2 g/t Au (209 570 oz). In the same time inferred resources was
estimate to 153 400 tonnes at 17.5 g/t Au (86 050 oz).
The difference with the actual estimation is mainly due to a refinement in the
interpolation procedure and a limitation for the range of influence for some high value
when estimated by OK. This last parameters can be assimilate to a capping
procedure.
14.3.
Resource Estimate No. 4 Plug

The resource estimation of the No. 4 Plug was completed between January and
March 2013. The data validation included diamond drill hole P4-12-21A, which was
the last DDH to be considered in the calculation which was completed March 19,
2013.
14.3.1.
Methodology
The Mineral Resource Estimate and Geostatistical Study were completed using the
ISATIS (V. 2013.1) software package. The method takes into account the 3D Block
Model which is estimated with an OK interpolator. Sample selection was not strictly
constrained to lithology.
14.3.2.
Drill Hole Database

The Geotic/MS Access diamond drill hole database was reviewed and validated by
Geologica. It consists of 23,916 core samples taken from 48,152.6 m distributed over
113 surface diamond drill holes. A total of 19,865.8 m were saw-cut and assayed for
gold. The database also includes 1,426 QA/QC samples and associated coded
lithological symbols from the core logging.
14.3.3.

The interpretation of the host geological units, their mineralized envelope, veins,
structures and combined zones was completed by Benjamin Blaise, P.Geo., of
Geologica, under the supervision of Alain-Jean Beauregard, P.Geo., and Daniel
Gaudreault, Eng.
Several approaches were used by the author in order to select the most adequate
resource modelling of the mineralized gold zones in the No. 4 Plug. The approaches
used either: (1) the main veins only; or (2) a conditional simulation based on the gold
values being strictly constrained to the vein or to the vein cluster or to values hosted
outside the veins within the host rock, considering assay results of 1g/t Au. The
option that seems to be the most plausible is based on the construction of a solid
wireframe representing an area containing a higher grade vein density or clusters
(High Probability to be Mineralized Zone) within the No. 4 Plug diorite intrusion with
respect to lower vein density areas.
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The wireframe solid was created by digitizing an interpretation onto 14 sections

spaced 25 m apart, and then using tie-lines to complete the High Probability to be
Mineralized Zone wireframes for this unique volume (Fig. 14.10). Because the first
100 m was already mined during a previous operation, the upper limit was set to 150
m below surface. This wireframe was used for selecting all drill hole intersections.
Areas selected but not sampled were considered as having a minimum grade of
0.001 g/t Au.
Figure 14.10 Wireframe solids from No. 4 Plug.

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14.3.4.
High Grade Capping

the assay distribution prior to compositing the samples. The main objective of this
process is to make sure that the peak value does not affect grade estimation. With
the development of statistical methods for estimating grade, this process became
less important. In fact Kriging and especially simulation techniques are less sensitive
to some occasional very high values. On the other hand, the presence of some very
high values may make the variogram difficult to establish. Geostatistics provide
some efficient tools to solve this problem. The more common methods used to
assess the necessity of using a capping value are listed below:
clean variogram.

method is based on a normal or lognormal distribution.

method really concentrates on the upper 1 or 2% of the distribution. It is more
a security factor than a distribution analysis.
Figure 14.11 shows the distribution (density, histogram, box plot and probability plot)
of gold values for all samples within the High Probability of Mineralized Zone. From
this graph it is clear that High Probability of Mineralized Zone samples do not form a
simple normal or log-normal population. It seems to be a bimodal distribution in
which the upper part (25% of the population) may follow a log-normal distribution. On
this graph, a positive break at the higher grades (over 300 g/t) is visible. One can
propose an assemblage of two log-normal populations to explain this distribution.
The waste population may represent close to 75% of the samples with a median
close to 0.04 and grades ranging from 0.002 to 1 g/t. In that case the mineralized
zone population may have a median around 2.5 g/t and grade ranging from 0.1 to
300 g/t. The distributions of the metal content within the percentile classes show
more than 35% of the total metal appearing within less than 1% of the samples. To
satisfy the metal factor methodology (no more than 10% of the gold ounces within
1% of the sample), the grade must be capped at 13 g/t. This severe capping will
affect 2.8% of the samples and will drive the CV from 8.1 to 2.3. This is considered
overly conservative and unrealistic for the observed bimodal distribution. The author
recommends limiting the capping of higher gold values at 300 g/t. This capping limit
will affect four (4) samples, drive the CV to 4.9, and reduce the total amount of gold
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by 5.9%. At this point we may presume that the high CV will make variography very
difficult to establish.
Figure 14.11 Grade distribution within the High Probability to be Mineralized

Zone.
14.3.5.
Compositing
From Figure 14.12, it is clear that an important bias exists between sample lengths
and gold values (higher grade samples are shorter). The current sampling procedure
tends to minimize this bias but it is definitely present in historical data. Compositing
was compiled using the capped grade (300 g/t) of material when assayed, or a value
of 0.001 when not assayed.
In order to minimize the bias introduced by the variable sample lengths, capped gold
assays (as determined in the previous subsection) were composited to 1.0-metre
equal lengths (1.0m composites) within all intervals that define High Probability of
MIneralized Zone. Tails were not created; they were instead distributed over the
previous composites.
.
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Figure 14.12 Grade versus length.
14.3.6.
Variography
The author of this section 14 modelled the composite variography of the High
Probability to be Mineralized Zone using Isatis software. The objectives of this step
consist of:

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subselection to estimate the value of a central point. The anisotropy may also
be used to select and weigh samples during the de-clustering steps.
account the nugget effect (C0), the model of dispersion (i.e. spherical,
exponential), the range and the variance in each three axes (1, 2 and 3).
It is common to use more than one model in order to better represent the
dispersion (short and long) of each of the axes before reaching the level (total
variance).
An omnidirectional variogram was first calculated to estimate the nugget effect (C0).
Secondly, 18 directional variograms located in the horizontal plane were calculated
and permits define the direction of longer continuity (longitudinal direction). The next
step includes 18 directional variograms set in the vertical plane parallel to the
longitudinal direction and another 18 directional variograms set in a vertical plane
perpendicular to the longitudinal direction. And finally, 18 directional variograms on
an inclined plane representing the best plane fit for all mid points (longitudinal plane).
This step allows having an overview of the variance of the idealized sphere in order
to verify the presence of a directional anisotropy.
Variograms on raw data were impossible to establish. Thus variography was
constructed and modelled using the Gauss transformation instead of raw distribution.
Then the sill of the Gauss model was adjusted to respect the variance of the raw
data using a cross validation procedure. Thus, it has been proposed to use a slightly
anisotropic model distribution where the longer axis is oriented N190/-50 (dip
direction); the second axis is oriented N100/00 (strike direction); and the third axis
perpendicular to the idealized plane of the majority of the veins is oriented N010/-40.
The retained model involves a nugget effect and two spherical structures. When
adjusted to raw data, the sill of the nugget effect is 17.7. The first spherical structure
has a sill of 19.2 and the second has a sill of 6.1. The ranges for the first and second
spherical structures within the dip direction are 8 and 50 m. In the strike direction
these two ranges were set to 5 and 35, respectively. Finally, the perpendicular axis
was modelled with a range of 6 and 16.
Figure 14.13 shows the experimental and model variogram obtained from the Gauss
transformation.
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Figure 14.13 Directional variography of the Gauss transformed data.
14.3.7.
Bulk Density
14.3.8.

Easting: 296160 mE (24 cells x 10 m each);

Northing: 5329100 mN (19 cells x 10 m each);
Elevation: -660 m (80 cells x 10 m each).
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The block model was not rotated, and the error on volume calculated from the block
14.3.9.

All blocks with at least 0.001% of their volume falling within a selected solid (High
Probability of Mineralized Zone) were assigned the In Mineralized Zone code. A
percent block model was generated, reflecting the proportion of zone in each block.
14.3.10.
Grade Block Model

For each cell the grade was estimated using the OK method. The search ellipsoid
used to select samples for interpolation has exactly the same geometry as the
variography model defined in section 14.3.6. This interpolation process required a
minimum of 3 composites (the 3 closest) and in this case the 10 closest were
retained. Almost all cells were estimated using these parameters.
When the search ellipsoid cannot find the minimum of three samples, it was then
extended from 35X50X16 to 60X60X16 keeping the same minimum and maximum
sample number requirement.
No other restriction parameters (octants, parent hole, distance) were used.
14.3.11.
Resource Categories
Definition Standards for Mineral Resources and Reserves:
grade or quality, densities, shape, and physical characteristics are so well
established that they can be estimated with confidence sufficient to allow the
appropriate application of technical and economic parameters, to support production
planning and evaluation of the economic viability of the deposit. The estimate is
based on detailed and reliable exploration, sampling and testing information
gathered through appropriate techniques from locations such as outcrops, trenches,
pits, workings and drill holes that are spaced closely enough to confirm both
geological and grade continuity.
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The Indicated category was assigned to each cell where the grade was estimated
using the first pass ellipsoid. The Inferred category was assigned to all cells
estimated with the extended search ellipsoid. No other adjustment was made to this
classification scheme.
14.3.12.

parameters.

Environment and other fees = $13.8;
These parameters give an estimation of the cut-off at 3.0 g/t. Even if the author uses
a cut-off of 3.0 g/t for official estimation, other cut-off grade results were also
compiled for illustrative purposes (Table 14.10). The cut-off grade must be reevaluated in light of prevailing market conditions and other factors, including gold
price, exchange rate, mining method, related costs, etc.
This cut-off value is based on a standard mining method using a relatively small
stope. Due to the nature of the mineralized area (complex distribution of narrow
veins within a barren host rock), the interpolation was done using an unconstrained
selection of composites. This has a large impact on selectivity of the mineralized
zone and waste smaller mining units (SMU). In such cases, the selectivity is
highly affected by the size of the reference volume. The key for successful mining of
this material will require a stope design large enough to reduce mining costs (long
hole mining) and the ability to discriminate mineralized zone and waste pockets
within that large stope (mineralized zone sorting). Figure 14.15 shows the effect of
the SMU size on resource estimation.
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Table 14.10 Sensitivity of Indicated and Inferred categories to different cut-off values
On Figure 14.14, it is clear that applying the OK method to a 5X5X5 or to a

10X10X10 array of cells are almost identical and do not make any valuable
difference in terms of selectivity. Selectivity on a 10X10X10 cell is much better than
on a larger stope. However, when compared with the theoretical selectivity obtained
from point data, it is clear that a sorting process prior to milling can be extremely
valuable. It may represent up to 100,000 more ounces at 1.3 g/t cut-off.
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Figure 14.14 Selectivity capability according to SMU size
14.3.13.

Given all the parameters listed above, GoPointCom is of the opinion that the
current Mineral Resource Estimate can be classified as Indicated and Inferred
resources. The estimate is compliant with CIM standards and guidelines for reporting
mineral resources and reserves.
If we consider a 3.0 g/t cut-off, the current estimation represents 1,325,120 tonnes at
5.6 g/t Au (237,450 oz Au) in the Indicated category (Table 14.11).
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Table 14.11 Mineral Resources of No. 4 Plug
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14.3.14.

between these features in the final results. In the current case, the historical estimate
made by D.R. Scammell in May 1989 is not NI 43-101 compliant. His estimation was
designed for a very selective mining method, which defined only twelve (12)
individual veins. The volume was estimated with polygon on section and grade is
derived from the nearest neighbour composited at the midpoint of each intersection.
Most of the key assumptions are not described in the supporting report. We can only
assume that the grade was capped at 1 oz/t (34.286 g/t). At that time, the resource
was estimated at 1,042,800 tonnes at 6.13 g/t Au for a total of 205,760 ounces of
gold. This could not be compared with the current estimate because the likely
mining method and selectivity are too different.
14.4.
Resource Estimate of the Triangle Zone

The estimation was performed from October to December 2014. The cut-off date for
the database was October 11, 2014. The last drill hole included and considered is
TM-14-57. The effective date for the resource estimate of the Triangle Zone is
January 30, 2015. The current estimate represents an update of the last estimate
prepared by Christian DAmours of GeoPointCom (the author of this section) in April
24, 2013.
14.4.1.
Methodology
The Mineral Resource Estimate and geostatistical study detailed in this part of the
report was performed using Isatis (V.14.02) software. The method involves a 3D
block model of 5m X 5m X 5m estimated by Ordinary Kriging (OK).
14.4.2.
Drill hole Sample Database

The actual Geotic / MS Access diamond drill holes database was validated by
Christian DAmours P. Geo. (GeoPointCom) using all data submitted by the client. It
contains 154 surface diamond drill holes (compared to 84 for the April 2013
estimation) with conventional analytical gold assay results, as well as coded lithology
from the drill core logs. The 154 drill holes yielded 91 993 m of core and 20 448
samples (compared to 7 861 samples in April 2013) for a total of 18 813 m of sawcut and assayed core. The database also contains 2 594 QA/QC samples.
14.4.3.

Since the 2013 estimation, the geological model completely changed. This zone was
totally reinterpreted by Geologica and modelled in 3D by GeoPointCom. The new
interpretation is mostly based on alteration and contained 42 individual veins
compared to 6 in the 2013 estimation. From the 42 vein modeled, only 34 end up
with some cells having grade values over 3g/t. The wireframe solid was created by
digitizing an interpretation onto 17 sections spaced 25 m apart, and then using tielines to complete the wireframes (Figure 14.15). The minimum true thickness of the
zone was set to 2.0 m.
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To calculate true thickness for each vein, the azimuth and dip of each one must be
calculated. To do so, the author first plot all intersection selected by Geologica
(alteration corridor) and for each vein a perimeter where grade could be over 1 g/t is
selected. The authors calculate the best plan passing thru all selected intersections
(mid-points). The selected intersection was also used for geostatistical study
including variography but all the intersections for each vein where used for
interpolation.
Figure 14.15 Wireframe solids from the Triangle Zone.
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14.4.4.
High Grade Capping

Several low grade gold mineralizations, exhibit sample grade distributions with
outliers on the high side. It is common in the industry to remove some of the highest
(aberrant) values from the assay distribution prior to compositing samples. The main
objective of this process is to make sure that the erroneous value could not affect the
local grade estimation. However, in most cases, those values are real and
correspond to a small quantity of very rich material likely to be found in some mining
blocks. Hence the mean grade of the entire deposit should take those values into
account since, with hundreds or thousands of samples; it is most likely that the
proportion of this material is not over-represented in the distribution of samples. The
real problem occurs with local estimates of mining blocks around the outliers: one
outlier with a very high grade in a group of 20 samples certainly does not indicate a
small proportion of very rich material in the block. On the other hand, it is not
because we haven't found any rich samples around a block that they do not exist.
Hence, whenever there is some evidence of the presence in very small quantities of
some very rich mineralized zone, block estimates close to outliers should be reduced
and block estimates with no outliers around might be increased a little. This is true
with all linear estimators including Ordinary Kriging. With the development of
statistical methods for estimating grade, this process became less important.
Indicator Kriging and simulation techniques involving normal transformation of score
are very efficient to deal with distribution containing outliers. On the other hand, the
presence of some very high values may make the variogram very difficult to
establish.
When high values can easily be reproduced from the same sample pulps, there are
no scientific or theoretical justifications to cap or limit the high values. However,
suspicions can occur when estimation is completed without limiting the high values.
For this reason, it has now become a standard procedure to systematically cap high
values.
However, geostatistics provide some tools to find and removed outliers. The more
common methods used to assess the necessity of using a capping value is listed
below:
variation "CV". Ideally, this one should be located close to 1. A CV value above 2 is
generally considered as an indication that high values should be capped. In fact this
is highly related to the difficulty of producing a clean variogram when the CV is very
high.
In the case of a simple normal or log-normal population, the probability curve should
form a relatively straight line. A positive break in the upper end is often interpreted
as an indication that high values should be capped. This criterion is probably the
strongest indication, especially when the interpolation method is based on a normal
or log-normal distribution.
The metal factor method consists of comparing the cumulated metal percentage with
the cumulated data percentage. This technique takes for granted that all samples
represent an equivalent number of tonnes. Specialists generally agree to keep this
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factor below 10. In other words, there should never be more than 10% of ounces in
less than 1% of tonnes. This method really concentrates on the upper 1 or 2% of the
distribution. It is more a security factor than a distribution analysis.
Figure 14.16 below shows the distribution (density, box plot and probability plot) of
gold values for all (4005 samples) samples within the Triangle zone. From this graph
it is clear that the Triangle Zone samples do not form a simple normal or lognormal population. It seems to be a bi-modal distribution where two (2) subpopulations may intersect around 0.2 g/t. The sum of the 2 sub-population seems to
be relatively close to a log-normal distribution. To satisfy the metal factor method
explained above, the higher grade could be capped at 16 g/t. This capping will
affect 125 samples, reduce the total metal content by 56.7% and bring the CV from
4.5 to 2.27. This capping seems to be too severe and unrealistic.
Figure 14.16 Probability plot.
To address this problem and clearly understand the effect of some high grade values
on resources estimation, the author proceeds with the complete estimation process
using composite created from original samples capped at 14 different limits ranging
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from 7 g/t to 150 g/t. Then the total resource (unclassified) was tabulated considering
a 3 g/t Cut Off.
The result is presented in Figure 14.17. The 14 red dots (except those pointed by
arrows) represent the total number of ounces estimated (at 3 g/t Au Cut Off) from
using 14 different capping grades. These points fall on two (2) strait lines intersecting
themselves at a capping grade of 55 g/t. One can propose to cap all grade at 55 g/t
Au. As discussed above, this may introduce an undesired bias around cells where
high grade really exist. Another approach consists to gradually capped grade when
the value is over 55. In this case when grade is over 55, then capping grade is equal
to 55+(grade-55)*0.35. This will reduce the bias around cell where high grades really
exist but still affecting low grade area surrounding high grade spot.
Figure 14.17 Effect of capping in resource estimation.
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In order to select the best option, the author proposes to compare the results from
the three (3) above mentioned possibilities, cell by cell, with the average of all the
composites falling within each cell. From the Table 14.12 below, it is clear that the
option of capping grade at 55 g/t Au only when distance is over 10m better honor
original data than all other option. Thus this is the option retained for this estimation.
This capping method is reducing the total estimated ounces (at 3 g/t Cut Off) by
15.72%.
Table 14.12 Cross validation vs capping scenarios.
LocalAbsoluteError(cellbycell)fromestimationtoaverageofsamples
fallingwithineachcell.
Cappingmethod
Graduallyover55g/t
At55g/twhendistanceisover10m
At54g/t
14.4.5.
Means
2.484
2.32
2.53
SD
maximum
7.493
109.357
6.23
94.847
8.268
117.277
Compositing
or a value of zero when not assayed in order to minimize any bias introduced by the
variable sample lengths and angle of drilling relative to orientation of related vein.
Uncapped gold assays (as determined in the previous subsection) were composited
to 1.0 m true lengths within all intervals that define the mineralized zones. The
intersection within smaller remaining lengths were redistributed over the whole
composite. Thus the average true length of all composites is 0.983, the smallest
composite is 0.837 and the longest is 1.245m. The true length is calculated taking
into account drill hole orientation relative to each vein orientation.
14.4.6.
Variography
The variography was modeled using Isatis software. Each vein was modeled
individually using only the selected composite as described in section 14.4.3. The
author forced the model to lie on the vein plane. Results are shown in Table 14.13.
This table also shows the true thickness for each vein. It was calculated taking into
account only the areas where estimated cells are above 3 g/t Au.
Figure 14.18 shows the model variogram used for Vein T10. This vein contains more
than 25% of total ounces present in the Triangle Zone.
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Table 14.13 Search ellipsoid and Variograms models

Average
True
dip
tickness(m)
23.56
2.03
31.44
2.5
29.33
3.13
39.33
2.02
36.04
2.15
29.54
2.33
29.54
2.13
36.45
2.04
31.15
2.65
40.86
2.81
35.4
4.51
38.49
3.97
37.68
2.85
41.2
2.49
42.92
1.97
43.99
2.86
42.46
1.97
39.03
2.57
38.98
2.91
39.64
1.99
38.71
2.31
36.89
1.98
41.01
1.98
45.61
2.41
42.79
2.06
49.49
2.21
50.33
3.8
54.67
4.48
55.05
2.24
49.92
2.02
48.05
2.07
48.93
2.12
47.53
1.96
65.41
1.94
49.97
2.3
BestplanFit
Vein
T0p
T0
T00a
T00b
T01
T01b
T02
T02a
T03
T03a
T03b
T03c
T04
T05
T05a
T05b
T06
T06a
T06b
T07p
T07
T07b
T08
T09
T09b
T09c
T10p
T10
T10a
T10b
T11
T11a
T12
T13
T14
Azimut
92.73
97.18
87.78
98.34
96.5
102.45
100.1
100.86
104.74
95.89
94.85
100.62
96.61
97.32
96.39
96.67
99.1
91.57
91.43
96.54
92.26
93.36
90.67
88.99
90.32
88.9
96.93
89.61
94.84
88.27
92.58
90.71
96.05
94.59
95.65
Rotationforsearchellipsoide
FirstZ
SecondX
2.73
23.56
7.18
31.44
2.22
29.33
8.34
39.33
6.5
36.04
12.45
29.54
10.1
29.54
10.86
36.45
14.74
31.15
5.89
40.86
4.85
35.4
10.62
38.49
6.61
37.68
7.32
41.2
6.39
42.92
6.67
43.99
9.1
42.46
1.57
39.03
1.43
38.98
6.54
39.64
2.26
38.71
3.36
36.89
0.67
41.01
1.01
45.61
0.32
42.79
1.1
49.49
6.93
50.33
0.39
54.67
4.84
55.05
1.73
49.92
2.58
48.05
0.71
48.93
6.05
47.53
4.59
65.41
5.65
49.97
ThirdZ
40
30
50
40
60
10
30
10
30
30
10
20
0
25
20
40
10
40
30
0
5
10
30
30
40
0
0
20
0
0
10
0
0
0
0
dimensionofsearchellipsoide
X
Y
27
27
63
54
63
54
81
36
45
54
54
72
40.5
45
72
45
81
45
63
45
54
54
27
27
49.5
54
22.5
72
40.5
36
36
45
45
43.2
22.5
Z
45
54
63
54
63
63
54
45
63
27
36
81
72
45
54
22.5
45
36
45
27
18
40.5
63
63
31.5
54
22.5
63
40.5
36
72
45
45
43.2
22.5
Variogrammodel(Nuggeteffectandsphericalmodel)
C0
36
40.5
63
54
63
58.5
67.5
40.5
54
40.5
45
76.5
56.25
45
63
33.75
63
40.5
54
36
36
47.25
45
45
40.5
54
22.5
67.5
40.5
36
54
45
45
43.2
22.5
C1
0.5
7
7
10
5.4
0.1
1
2
3.8
24
1
0.1
1.5
5
2
2
19
3
0.3
3
5
2
5
18
0.2
1
8
23
1
0.1
113
100
3
6
0.4
X1
3
50
26.5
43
10.5
10.4
4.6
11
34
210
7
7.5
2.5
47
14
19
170
23
2.8
20
45
13
14
28
1.6
3.6
20
210
5.6
0.9
412
900
30
30
1.7
Y1
30
25
69.5
60
15.5
62
90
40
50
60
60
83
45
50
80
50
90
50
70
50
60
60
30
30
55
40
25
80
45
40
1
50
50
12
4.5
Z1
50
20
66.5
60
100
69
60
50
70
30
40
92
110
50
60
25
50
40
50
30
20
45
70
90
35
40
25
70
45
40
20
50
50
12
4.5
C2
2
40
3
3
112
3
3
2
2
2
2
2
0.5
2
2
2
5
3
2
4
3
2
2
1
2
40
55
2
45
40
1
50
50
12
4.5
X2
Y2
Z2
30
60
54
20
12
5.8
47
80
12
128
30
110
3.4
60
60
60
512
40
100
30
1.7
48
19
48
19
48
19
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Distance (m)
0
500
25
50
75
100
125
500
53
31
Vein T10
17
87
N360/-16
400
400
132
Variogram : Au
223
222
164
315305 N212/-55
300 187
62
41
200 04
3
22
119
89
58
61
300
200
159
111
Variogram : Au
142
181
65
100
28
N101/-35
100
24
316
25
50
75
100
125
Distance (m)
Figure 14.18 Model Variogram for Vein T10
14.4.7.
Bulk Density
A specific gravity of 2.80 g/cm3 was used for the 2014 estimate. It can be considered
as adequate and precise enough for the purpose of this study.
14.4.8.

Easting: 296235mE
Northing: 5328265mN
Elevation: -370m

The block model was not rotated and the error on volume calculated from the block
model using an array of 5X5 horizontal needle oriented N-S, compared to the volume
estimated directly from the wireframe is lower than 0.02%.
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14.4.9.

All the cells of the original block model with at least 0.001% of their volume falling
within one of the individual veins forming the Triangle zone were assigned the
corresponding solid Mineralized Zone code. A percent block model was generated
reflecting the proportion of this code for each vein in each cell.
14.4.10.
Grade Block Model

For each cell falling within an individual vein of the Triangle zone, the grade was
estimated by Ordinary Kriging (OK) using a minimum of 4 and a maximum of 8
composites within a search ellipsoid having geometry as describe in section 14.1.6.
No other parameters than the geometrical parameters were used for controlling this
interpolation process. As describe in section 14.1.4, if a composite at a distance
larger than 10m, with a value greater than 55 g/t Au, is selected within the search
ellipsoid, the value will be replace by 55 g/t Au..
14.4.11.
Resource Categories
Measured Mineral Resource: the part of a Mineral Resource for which
quantity, grade or quality, densities, shape, physical characteristics are so well
established that they can be estimated with confidence sufficient to allow the
appropriate application of technical and economic parameters, to support
production planning and evaluation of the economic viability of the deposit.
The estimate is based on detailed and reliable exploration, sampling and testing
information gathered through appropriate techniques from locations such as
outcrops, trenches, pits, workings and drill holes that are spaced closely enough
to confirm both geological and grade continuity.
Indicated Mineral Resource: the part of a Mineral Resource for which
quantity, grade or quality, densities, shape and physical characteristics can be
estimated with a level of confidence sufficient to allow the appropriate application of
technical and economic parameters, to support mine planning and evaluation of
the economic viability of the deposit. The estimate is based on detailed and
reliable exploration and testing information gathered through appropriate techniques
from locations such as outcrops, trenches, pits, workings and drill holes that are
spaced closely enough for geological and grade continuity to be reasonably
assumed.
grade or quality can be estimated on the basis of geological evidence and
limited sampling and reasonably assumed, but not verified, geological and grade
continuity. The estimate is based on limited information and sampling gathered
through appropriate techniques from locations such as outcrops, trenches, pits,
workings and drill holes. Resources from this category should not be used to
support mine planning and evaluation of the economic viability of the deposit.
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Resource classification was based on number of composites within the search

ellipsoid and average distance from the selected composite and center of each cell.
The author used the ratio Average distance/Number of composite (M/N) to classified
resources. When M/N is over 5, the resource was classified as Inferred. When M/N
is lower or equal to 5, the resource was classified as Indicated. In other words, when
a cell is estimated from few composites, they must be closer to allow for indicated
categories. Figure 14.19 shows the distribution of the ratio M/N relative to the
number of composites within the search.
Figure 14.19 Mineralized Zone classification M/N
14.4.12.

generated by the operation. The current estimation used the cut-off grade suggested
in the Technical Report and Preliminary Economic Assessment for the Lamaque
Project written by InnovExplo in April 2014. From this report, it is suggested to use a
cut-off grade of 4.5 g/t for all veins where the dip is lower than 45 and 4.0 for all vein
where the dip is steeper than 45.
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Other cut-off grade results were also compiled, for comparative purposes. The cutoff grade can and should be re-evaluated in light of prevailing market conditions and
other factors including gold price, exchange rate, mining method, related costs, etc.
14.4.13.

Given all parameters listed above, the Capped Indicated Resource can be estimated
as 1,459,800 metric tonnes at a grade of 9.8 g/t of gold (Table 14.14). This
represents a total of 462,000 ounces of gold. The Capped Inferred Resource can be
estimated as 480,700 metric tonnes at a grade of 10.4 g/t of gold (Table 14.14). This
represents a total of 159,990 ounces of gold. GeoPointCom is of the opinion that the
current Mineral Resource Estimate is fairly accurate and representative of what is
actually known from this zone. This estimate is compliant with CIM standards and
guidelines for reporting mineral resources and reserves.
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Table 14.14 Estimated resources with appropriate cut-off for each vein
Vein
T0p
T0
T00a
T00b
T01
T01b
T02
T02a
T03
T03a
T03b
T03c
T04
T05
T05a
T05b
T06
T06a
T06b
T07p
T07
T07b
T08
T09
T09b
T09c
T10p
T10
T10a
T10b
T11
T11a
T12
T13
T14
Total
CutOff
4.5
4.5
4.5
4.5
4.5
4.5
4.5
4.5
4.5
4.5
4.5
4.5
4.5
4.5
4.5
4.5
4.5
4.5
4.5
4.5
4.5
4.5
4.5
4
4.5
4
4
4
4
4
4
4
4
4
4
Ton
1100
27400
61800
38800
80500
19200
3400
12900
31600
95500
22400
12300
18100
95800
40600
17700
58700
41400
18800
11300
16400
41400
10100
45100
0
11300
23100
431900
7200
0
109900
31100
11300
11900
0
1459800
Indicated
Ounce
190
11000
14670
11170
17740
4320
710
3020
9150
37930
5870
2430
4270
31330
11170
3160
24490
10370
3190
2790
6240
12170
2040
22150
0
1650
4630
138160
1320
0
42020
16100
2300
4270
0
462000
Grade
5.20
12.50
7.40
9.00
6.90
7.00
6.40
7.30
9.00
12.40
8.20
6.20
7.30
10.20
8.50
5.60
13.00
7.80
5.30
7.70
11.90
9.20
6.30
15.30
0.00
4.50
6.20
9.90
5.70
0.00
11.90
16.10
6.30
11.20
0.00
9.80
Ton
0
0
0
2700
2800
0
600
0
0
5000
0
600
2400
23000
14900
4400
500
4700
1400
7500
11700
27300
30800
20700
0
1100
600
103400
14200
0
116800
24300
31700
27700
0
480700
Inferred
Ounce
0
0
0
610
580
0
100
0
0
2240
0
90
400
7400
5090
790
70
1360
210
2820
5070
9560
6120
10720
0
160
140
29410
2330
0
41510
12510
9280
11440
0
159990
Grade
0.00
0.00
0.00
7.00
6.50
0.00
4.80
0.00
0.00
14.00
0.00
4.90
5.20
10.00
10.60
5.50
4.80
9.00
4.80
11.70
13.40
10.90
6.20
16.10
0.00
4.30
6.70
8.80
5.10
0.00
11.10
16.00
9.10
12.80
0.00
10.40
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Table 14.15 Sensitivity of resource to different cut-off values

Indicated
Inferred
CutOff
Ton
Ounce
Grade
Ton
Ounce
Grade
0
8837500
644730
2.3
3065300
213610
2.2
1
3383800
601920
5.5
1086600
202940
5.8
2
2428800
558170
7.1
778700
188110
7.5
3
1957100
520630
8.3
604700
174470
9
3.5
1760300
500130
8.8
556500
169430
9.5
4
1585800
479150
9.4
501700
162810
10.1
4.5
1436200
458770
9.9
464200
157720
10.6
5
1323500
441580
10.4
429300
152370
11
5.5
1218900
423930
10.8
393100
146280
11.6
6
1101100
402090
11.4
365800
141230
12
Table 14.16 Mineral resources in the Triangle Zone (all veins) per elevation
Level
285
255
225
195
165
135
105
75
45
15
15
45
75
105
135
165
195
225
255
285
315
Total
Depth
30m.
60m.
90m.
120m.
150m.
180m.
210m.
240m.
270m.
300m.
330m.
360m.
390m.
420m.
450m.
480m.
510m.
540m.
570m.
600m.
630m.
CutOff
3
3
3
3
3
3
3
3
3
3
3
3
3
3
3
3
3
3
3
3
3
Ton
16400
133700
168400
76400
104600
97900
130700
157800
191100
122900
59300
84800
127400
100100
147800
206200
214300
221700
162800
45500
500
2570300
Ounce
3290
32220
32330
12550
19910
30890
30140
43070
45720
29190
14770
20620
36540
27990
44340
57620
73750
75940
51390
12540
120
694940
Grade
6.20
7.50
6.00
5.10
5.90
9.80
7.20
8.50
7.40
7.40
7.70
7.60
8.90
8.70
9.30
8.70
10.70
10.70
9.80
8.60
7.40
8.40
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14.4.14.
Comparison with Previous Mineral Resource Estimates

In April 2013, GeoPointCom estimated the Indicated resource of the Triangle Zone at
599,700 metric tons grading 9.9 g/t (199,700 ounces of gold) considering a cut-off of
3.0 g/t. The Inferred resource was estimated at 332,300 metric tons grading 12.9 g/t
(137,600 ounces of gold). Considering the same cut-off, the actual Indicated
estimation represents a tonnage increase of close to 300% with a slight but the
grade decrease. The combination of these two factors leads to 260% more ounces.
Tonnage in the inferred category was increased by 180% and inferred ounces by
126%. The difference with the actual estimation is mainly due to the addition of 70
new holes which in turn allow for a stronger interpretation.
Actual estimation also used a different approach for capping high grade value. The
actual method requires the capping procedure applied on composite instead of
applying on sample prior to composites. Also the effect of very high composite is
limited only when the composite is used for estimating a cell farther than 10 meters
from the composite center. This method has the advantage to limit distal spreading
of high grade while pinpoint location where high grade have been found. The actual
method is producing 6.88% more ounces (indicated and inferred) than traditional
capping at 55 g/t applied on samples prior to composite.
This method also produces some cell with very high grade value. Highest value
estimated is 79.8 g/t. A total of 176 cells where estimated with a value higher than
30g/t. these cells contain are representing 22 820 ton at 39.37 g/t for a total of
28,883 ounces. If we applied a post processing capping of 30 g/t on all these 176
cells, we will reduce the total amount of indicated ounces by 6,873 ounces.
Compared to the 462,000 indicated ounces estimated, it represents only 1.5% of all
indicated ounces.
14.5.
Resource Estimate Vein No. 6

The estimation was performed from September to November 2013. The database
used was completed on August 17, 2012. The last drill hole included and considered
was V6-12-12A. The Mineral Resource Estimate for the No. 6 Vein was not included
in the 2015 PEA.
14.5.1.
Methodology
performed using Isatis (V.2013.1) software. The method involves a 3D Block Model
estimated with Kriging.
14.5.2.
Drill hole sample database

The Geotic/MS Access diamond drill hole database is maintained and updated by
Geologica employees under the supervision of Alain-Jean Beauregard, P.Geo. and
Daniel Gaudreault, P.Eng. It contains 57 surface diamond drill holes with
conventional analytical gold assay results, as well as coded lithologies from the drill
core logs. The 57 drill holes yielded 12,436 m of core and 2,534 samples, for a total
of 2,378 m of saw-cut and assayed core. The database also contains 268 QA/QC
samples.
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14.5.3.

The interpretation was completed by Benjamin Blaise of Geologica under the
supervision of Alain-Jean Beauregard and Daniel Gaudreault. In order to conduct
accurate resource modelling of Vein No. 6, the author constructed a wireframe solid
representing three individual veins oriented N054/-30 (Vein A), N073/-30 (Vein B)
and N082/-40 (Vein C).
The wireframe solid was created by digitizing an interpretation onto twelve (12)
sections spaced 25 m apart, and then using tie-lines to complete the wireframes for
each individual vein (Fig. 14.20). For each vein intersection, the minimum true
thickness was set to 2 m. When true thickness was less than the minimum thickness,
internal dilution was included to achieve the minimum thickness.
Figure 14.20 Wireframe solids from Vein No. 6
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14.5.4.
High grade capping

the assays distribution prior to compositing the samples. The main objective of this
process is to make sure that the erroneous values could not affect grade estimation.
With the development of statistical methods for estimating grade, this process
became less important. In fact, Kriging, and especially simulation techniques, are
less sensitive to some occasional very high values. On the other hand, the presence
of some very high values may make the variogram difficult to establish. Geostatistics
provide some efficient tools to solve this problem. The more common methods used
to assess the necessity of using a capping value are listed below:
The first indication of the necessity to capping high values is the coefficient of
clean variogram.

method is based on normal or lognormal distribution.

method really concentrates on the upper 1% or 2% of the distribution. It is
more a security factor than a distribution analysis.
Figure 14.21 shows comparative distribution (density, histogram, box plot and
probability plot) of gold values for all samples within each vein. From this, one can
note that sample distribution from each vein may be assimilated to a log-normal
distribution. The distribution of metal contents within the percentile classes would
suggest the use of a capping at 25 g/t. The relatively low value for the CV (2.68) may
not argue in favor of a capping grade. Figure 14.22 shows the effect of different
capping grades (prior to compositing; total ounces estimated at 3 g/t cut-off). This
graph suggests the presence of two different populations. It is also evident that at
capping grades over 40 g/t, the slope of percentage of ounces lost changes abruptly.
To make it smoother, it is recommended to gradually limit the higher gold values
(over 40 g/t) prior to compositing. When the grade is over 40 g/t, the author suggests
using the following formula:
Capped value = 40 + 0.53(original grade 40).
This capping grade will affect only three (3) samples (1.8% of the selected samples)
and will reduce the total amount of ounces by 3.3%.
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Figure 14.21 Probability plot (Vein No. 6)

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Figure 14.22 Effect of capping on resource estimation (Vein No. 6)
14.5.5.
Compositing
or a value of zero when not assayed.
In order to minimize any bias introduced by the variable sample lengths, capped gold
assays (as determined in previous subsection) were composited to 1.0-metre equal
lengths (1.0m composites) within all intervals that define each of the mineralized
zones. Tails were not created; they were instead distributed over the previous
composites.
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14.5.6.
Variography
The author modelled the composite variography considering all the veins as one
uniform group using Isatis software. The objectives of this step consist of:
Characterizing the anisotropy and setting the dimensions and directions of a

sub selection to estimate the value of a central point. The anisotropy may
also be used to select and weigh samples during the de-clustering steps.
exponential), the range and the variance in each three axes (1, 2 and 3).
It is common to use more than one model in order to better represent the
dispersion (short and long) of each of the axes before reaching the level (total
variance).
Second, 18 directional variograms located in the horizontal plane were then
calculated. This allows defining the direction of longer continuity (longitudinal
direction). The next step includes 18 directional variograms set in the vertical plane
parallel to the longitudinal direction and another 18 directional variograms set in a
vertical plan perpendicular to the longitudinal direction. The final step involved 18
directional variograms on an inclined plan representing the best plan fit for all mid
points (longitudinal plan). This step allows having an overview of the variance of the
The variography was very difficult to establish. In fact, all structures were hidden by
only one sample (sample number P174683 with a grade of 94.3 g/t). When this
sample is removed, the variograms became more clear, not perfect but usable. This
study did not demonstrate a clear anisotropy. Thus, it was proposed to use an
omnidirectional variogram as shown in Figure 14.23.
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Distance (m)
0
25
50
75
100
131
20
480
284
323
125
20
521
44
435
473
147
10
10
Variogram : Au
Variogram : Au
415
25
50
75
100
125
Distance (m)
Figure 14.23 Omnidirectional variography (Vein No. 6)
14.5.7.
Bulk Density
A specific gravity of 2.80 g/cm3 was used to estimate the tonnage for the previous
20122013 Mineral Resource Estimate.
14.5.8.

block model are as follows (centre of the front, bottom, left cell):
Easting: 293250mE
Northing: 5330000mN
Elevation: -100m

The block model was not rotated, and the error on volume calculated from the block
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14.5.9.

14.5.10.
Grade Block Model

For each cell identified as within one of the three (3) veins, the grade was estimated
using only composites from the specific vein (hard boundary). All estimations were
completed using a Kriging function based on the variogram presented in Figure
14.21.
When 4 composites can be found within a radius of 50 metres, the 8 closest
composites (within a search radius of 50 m) were used for estimating the grade of
the cell. If the minimum number of composites cannot be found within the first search
ellipsoid, then the search was extended to 100 metres. Again, if a minimum of 4
composites can be found within the second search ellipsoid (100 m), then the 8
closest points are used for block estimate. All cells, where the minimum number of
composites cannot be found even within the second search ellipsoid, will remain unestimated.
14.5.11.
Resource Categories
Measured Mineral Resource: that part of a Mineral Resource for which quantity,
continuity.
Indicated Mineral Resource: that part of a Mineral Resource for which quantity,
Inferred Mineral Resource: that part of a Mineral Resource for which quantity and
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The Indicated category was assigned to each cell where the first search ellipsoid
was used. For each cell where the second search ellipsoid was used, the Inferred
category was assigned.
14.5.12.
Minimum Cut-off Value

generated by the operation. The current estimation used the following economical
parameters.

These parameters give a first estimation of the cut-off at 2.7 g/t. However, it is clear
that the parameters do not represent the total cost. Environmental, development,
the costs previously considered. Doing so will push the estimation of the cut-off to
3.35 g/t. A cut-off of 3.0 g/t for the official estimation is proposed.
Other cut-off grades were also compiled, but for illustrative purposes only. The cutoff grade must be re-evaluated in light of prevailing market conditions and other
factors, including gold price, exchange rate, mining method, related costs, etc.
(Tables 14.17 to 14.18).
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Table 14.17 Cut-off sensitivity on resource estimation (Vein No. 6)

CutOffsensitivityonresourceestimation
CutOffgrade
0.0
0.5
1.0
1.5
2.0
2.5
3.0
3.5
4.0
4.5
5.0
CutOffgrade
0.0
0.5
1.0
1.5
2.0
2.5
3.0
3.5
4.0
4.5
5.0
Ton
402500
384100
334500
292700
260600
221900
198600
173000
138600
117200
93600
VeinA
Grade
3.6
3.7
4.2
4.6
4.9
5.4
5.7
6
6.6
7
7.6
Onces
46070
45820
44630
42920
41140
38310
36210
33550
29400
26480
22900
Ton
324900
217700
160000
126900
111700
98600
85600
73900
59000
51200
46400
Ton
60400
56200
45100
41000
38200
32500
28400
25600
22400
20000
17100
VeinA
Grade
3.4
3.6
4.3
4.6
4.8
5.2
5.6
5.8
6.1
6.4
6.6
Onces
6500
6450
6180
6020
5860
5450
5090
4800
4420
4090
3650
Ton
60300
22200
14000
13300
13300
13300
13100
12400
11700
7900
6200
Indicated(Cappedgraduallyover40g/t)
VeinB
Grade
Onces
Ton
2.3
23610
105200
3.3
22960
105200
4.2
21560
105200
5
20280
105200
5.4
19460
105200
5.8
18520
105200
6.3
17340
105200
6.8
16110
105200
7.6
14330
105200
8.1
13260
105200
8.4
12530
105200
Inferred(Cappedgraduallyover40g/t)
VeinB
Grade
Onces
Ton
1.4
2620
70100
3.5
2470
70100
5.1
2310
70100
5.3
2280
70100
5.3
2280
70100
5.3
2280
70100
5.4
2260
70100
5.5
2180
70100
5.6
2100
70100
6.2
1590
70100
6.6
1330
70100
VeinC
Grade
7.7
7.7
7.7
7.7
7.7
7.7
7.7
7.7
7.7
7.7
7.7
Onces
26010
26010
26010
26010
26010
26010
26010
26010
26010
26010
26010
Ton
832600
707000
599700
524800
477400
425700
389400
352200
302800
273600
245200
Total(all3veins)
Grade
3.6
4.2
4.8
5.3
5.6
6.1
6.4
6.7
7.2
7.5
7.8
Onces
95680
94780
92200
89200
86600
82830
79550
75670
69740
65750
61440
VeinC
Grade
7.7
7.7
7.7
7.7
7.7
7.7
7.7
7.7
7.7
7.7
7.7
Onces
17250
17250
17250
17250
17250
17250
17250
17250
17250
17250
17250
Ton
190800
148500
129200
124500
121600
115900
111600
108100
104200
98100
93400
Total(all3veins)
Grade
4.3
5.5
6.2
6.4
6.5
6.7
6.9
7
7.1
7.3
7.4
Onces
26370
26160
25730
25550
25390
24980
24590
24220
23760
22930
22220
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Table 14.18 Resources estimates for Vein No. 6 calculated using progressive
capping above 40 g/t (cut-off grade of 3 g/t)
Benchtoe
Indicated
Inferred
(m)
Ton
Grade
Onces
Ton
Grade
Onces
285
<100
4.7
<10
0
0
0
255
29100
4.1
3870
300
3.1
30
225
79700
5
12760
5300
6.6
1140
195
118300
7
26690
12500
5.5
2210
165
45400
5.7
8240
5500
5.7
1010
135
11800
5.3
2010
17600
5.2
2920
105
0
0
0
300
4.4
50
75
0
0
0
0
0
0
45
0
0
0
100
7.6
20
15
13300
7.6
3230
18100
7.6
4410
15
44800
7.6
10940
0
0
0
45
47100
7.8
11840
4700
7.8
1190
75
0
0
0
46000
7.7
11320
105
0
0
0
1300
7.6
310
Total
389400
6.4
79550
111600
6.9
24590
14.5.13.

Mineral Resource Estimate can be classified as Indicated and Inferred resources.
The estimate is compliant with CIM standards and guidelines for reporting mineral
resources and reserves.
If we consider a 3.0 g/t cut-off, the current estimation for Vein No. 6 will represent
389,400 tonnes at 6.4 g/t (79,550 oz Au) in the Indicated category. These mineral
resources were excluded from the current PEA.
14.5.14.

The historical estimate made by Teck in 1986 was based on only five (5) holes.
(Blecha, June 1986) This report does not contain any details on the technical
parameters used, except the minimum width fixed to 6 ft (1.83 m). At that time, Teck
estimated the resources of Vein No. 6 as 106,100 tonnes at 6.9 g/t. To
GeoPointComs knowledge, no other estimate was done on this zone. Thus, this
estimate cannot be compared to the current estimate.
The 1986 Teck estimate does not qualify as a mineral resource according to the
standards of NI 43-101.
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14.6.
Resource Estimate of the Sixteen Zone

The estimation was performed from November to December 2013. The database
used was the same as that used for the last resource estimation in April 2012,
except that 254 samples were added to fill the gaps in most of the drill holes
completed since 2004. The April 2012 resource estimation includes the last drill
holes and takes into account SX-11-03. The effective date for the resource
estimation of the Sixteen Zone is November 18, 2013. The Mineral Resource
Estimate for Sixteen Zone was not included in the 2015 PEA.
14.6.1.
Methodology
performed using Isatis (V. 2013.1) software. The method involves a 3D Block Model
estimated with an ordinary kriging (OK) interpolator on selected samples which are
strictly constrained to an area of high vein density within a felsic intrusive plug.
14.6.2.

The Geotic/MS Access diamond drill hole database is maintained and updated by
Geologica employees (P.Geo and P.Tech.) under the supervision of Alain-Jean
Beauregard, P.Geo. and Daniel Gaudreault, P.Eng. It contains 63 surface diamond
drill holes with conventional analytical gold assay results, as well as coded lithologies
from the drill core logs. The 63 drill holes yielded 14,073.6 m of core and 3,413
samples, for a total of 2,801.5 m of saw-cut and assayed core. The database also
contains 180 QA/QC samples.
14.6.3.

The interpretation was completed by Geologica, under the supervision of Alain-Jean
Beauregard and Daniel Gaudreault. In order to conduct accurate resource modelling
of the Sixteen Zone, the retained option consists of constructing a solid wireframe
representing an area within the dioritic intrusive where vein density containing higher
grade is more abundant than the surrounding intrusive host rock (High Probability
Mineralized Zone).
The wireframe solid was created by digitizing an interpretation onto fifteen (15)
sections spaced 25 m apart, and then using tie-lines to complete the wireframes
composed of four (4) closed areas (Fig. 14.24). This wireframe (High Probability
Mineralized Zone) was used for selecting all drill hole intersections. Unsampled
areas were considered to carry a grade of 0.000 g/t Au.
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Figure 14.24 Wireframe solids of the Sixteen Zone.
14.6.4.
High Grade Capping

the assay distribution prior to compositing the samples. The main objective of this
process is to make sure that the erroneous values could not affect grade estimation.
With the development of statistical methods for estimating grade, this process
became less important. In fact, Kriging and especially simulation techniques are less
sensitive to some occasional very high values. On the other hand, the presence of
some very high values may make the variogram difficult to establish. Geostatistics
provide some efficient tools to overcome this problem. The more common methods
used to assess the necessity of using a capping value are listed below:
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variation CV. Ideally, this value should be close to 1. A CV above 2 is
clean variogram.

method requires a normal or lognormal distribution.

method really concentrates on the upper 1% or 2% of the distribution. It is
more a security factor than a distribution analysis.
Especially when the grades of all the intersections are not the most important
parameters for marking the zone, it is always possible to proceed with a full
resource estimation using different capping grades. Then a graph showing
the percentage of total ounces lost relative to the capping grade used may
point out a change in the gold distribution.
Figures 14.25 and 14.26 show the distribution (density, histogram, box plot,
probability plot and percentage of ounces lost relative to capped samples) of gold
values for all samples within the High Probability for Mineralized Zone. From this
graph it is clear that High Probability for Mineralized Zone samples do not form a
simple normal or log-normal population. It seems to be a bimodal distribution. One
can propose an assemblage of two log-normal populations to explain this
distribution. The waste population may represent close to 75% of the samples with a
median close to 0.1 and grades ranging from 0.002 to 1 g/t. In that case the
mineralized zone population may have a median around 5 g/t and grades ranging
from 0.1 to 70 g/t. The distribution of metal contents within the percentile classes
show more than 24% of the total metal appearing within 1% of the samples. To
satisfy the metal factor methodology, the grade must be capped at 15 g/t. This is
considered to overly conservative and unrealistic for the observed bimodal
distribution. Based on the graph showing the reduction of total ounces relative to
capping grade, the author recommends limiting higher gold values at 35 g/t. This
capping limit will affect six (6) samples, drive the CV to 2.7, and reduce the total
amount of gold by 10%. At this point we may presume that the high CV will make
variography very difficult to establish.
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Figure 14.25 Capping grade distribution versus % ounces lost (Sixteen Zone)
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Figure 14.26 Grade distribution within the High Probability Ore (Sixteen
Zone)
14.6.5.
Compositing
In order to minimize the bias introduced by the variable sample lengths, capped gold
assays (as determined in a previous subsection) were composited to 0.7-metre
equal lengths (0.7m composites) within all intervals that define the High Probability
for Mineralized Zone. Tails were not created; they were instead distributed over the
previous composites.
14.6.6.
Variography
The composite variography of the High Probability for Mineralized Zone was
modelled using Isatis software. The objectives of this step consist of:

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subselection to estimate the value of a central point. The anisotropy may also
be used to select and weigh samples during the de-clustering steps.
exponential, cubic, etc.), the range and the variance in each three axes (1,
2 and 3). It is frequent to use more than one model in order to better
represent the dispersion (short and long) of each of the axes before reaching
the level (total variance).
Second, 18 directional variograms located in the horizontal plane were calculated
permitting to define the direction of longer continuity (longitudinal direction). The next
step includes 18 directional variograms set in the vertical plane parallel to the
longitudinal direction and another 18 directional variograms set in a vertical plan
perpendicular to the longitudinal direction. The final step involved 18 directional
variograms on an inclined plan representing the best plan fit for all mid points
(longitudinal plan). This step allows having an overview of the variance of the
The author was unable to model a clear geometrical anisotropy, thus an
omnidirectional model was created in which the nugget effect counts for 78% of the
total variance; a cubic model with a range of 72 m was used.
Figure 14.27 shows the experimental and model variogram obtained from the
Sixteen Zone composites.
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Distance (m)
10
20
30
40
50
60
70
10
10
20
30
40
50
60
70
Variogram : Au25
Variogram : Au25
0
10
Distance (m)
Figure 14.27 Omnidirectional variography of the composites (Sixteen Zone)
14.6.7.
Bulk Density
14.6.8.

Easting: 292260 m E
Northing: 5329560 m N
Elevation: 40 m (

20 cells x 10 m each).
The block model was not rotated and error on the volume calculated from the block
model was compared to the volume estimated from the wireframe revealing a
variation lower than 0.01%.
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14.6.9.

All blocks with at least 0.001% of their volume falling within a selected solid (High
Probability for Mineralized Zone) were assigned the In Mineralized Zone code. A
percent block model was generated reflecting the zone proportion in each block.
14.6.10.
Grade Block Model

For each cell the grade was estimated using an ordinary kriging (OK) procedure. The
search ellipsoid use to select samples for interpolation was set to a radius of 15 m.
This interpolation process required a minimum of 5 composites (the 5 closest) and in
this case the 10 closest were retained. Almost all (587 cells on a total of 614) cells
were estimated using these parameters. For the cells where the minimum number of
composites could not be found (27 cells of a total of 614), the radius of the search
ellipsoids was extended to 60 m.
14.6.11.
Resource Categories
Measured Mineral Resource: that part of a Mineral Resource for which quantity,
continuity.
Indicated Mineral Resource: that part of a Mineral Resource for which quantity,
Inferred Mineral Resource: that part of a Mineral Resource for which quantity and
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The Indicated category was assigned to each cell where the grade was estimated
using the first pass ellipsoid. An Inferred category was assign to all cells estimated
with the extended search ellipsoid. No other adjustment was made to this
classification scheme.
14.6.12.
Minimum Cut-off Value

generated by the operation. The current estimation used the following economical
parameters.
Gold value =C$1,450/oz;

These parameters give a first estimation of the cut-off at 2.7 g/t Au. However, it is
clear that the parameters do not represent total cost. Environmental, development
and administration costs, etc. were not taken into account. Another 25% may be
added to the cost previously considered. Doing so will push the estimation of the cutoff to 3.35 g/t Au. The author suggests a cut-off at 3.0 g/t Au for the official
estimation (see Table 14.19).
Other cut-off grades were also compiled, but for illustrative and comparative
purposes only. The cut-off grade must be re-evaluated in light of prevailing market
conditions and other factors: gold price, exchange rate, mining method, related
costs, etc.
14.6.13.

Mineral Resource Estimate can be classified as Indicated and Inferred resources.
The estimate is compliant with CIM standards and guidelines for reporting mineral
resources and reserves.
If we consider a 3.0 g/t Au cut-off, the current estimation represents 91,700 tonnes at
5.2 g/t Au (15,440 oz Au) in the Indicated category, and 1,800 tonnes at 4.2 g/t Au
(250 oz Au) in the Inferred category (Table 14.19). These mineral resources were
excluded from the current PEA.
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Table 14.19 Cut-off sensitivity on the resource estimation (Sixteen Zone)
14.6.14.
Comparison to previous mineral resource estimates

differences in key assumptions, parameters and methods, and the interaction
between these features in the final results.
The historical estimate made by D.R. Scammell in May 1989 is not NI 43-101
compliant. His estimation was designed for a very selective mining method. The
volume was estimated with polygon on section, and grade was derived from the
nearest neighbor composited at the midpoint of each intersection. Most of the key
assumptions are not described in the supporting report. We can only assume that
the grade was capped at 1 oz/t (34.286 g/t). This could not be compared with the
current estimate because the mining methods and selectivity are too different.
The last estimation undertaken by GoPointCom in April 2012 was based on a
similar method. At that time, the 2004 drilling campaign had many gaps (intervals not
sampled within the mineralized zone selection). This situation has been corrected in
the updated estimation herein. The present estimation is also much more selective
with respect to High Probability for Mineralized Zone. It is also important to mention
that in April 2012, capping was set at 25 g/t and the cut-off used was 2.25 g/t Au.
If we use the current data applying a capping grade of 25 g/t Au and estimate the
resource with a cut-off of 2.25 g/t Au, we will obtain 153,900 tonnes at 3.9 g/t Au of
Indicated resources (19,120 oz). Compared to the 227,160 tonnes at 2.87 g/t Au
(20,949 oz) previously reported, we can say that the current estimation is more
selective. This reflects the fact that the current estimation was designed for a more
selective mining method
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14.7.
Mineral Resources for the Sigma-Lamaque Project

Historically, mineral resources were estimated on an annual basis at the Sigma and
Lamaque mines. However, since the intermittent operation of the combined SigmaLamaque property began in the 1990s, the resource estimates have also been
conducted on a more intermittent basis. The most recent resource estimate was
contained in the August, 2011 Technical Report (Lewis et al., 2011) for Century, as
summarized below.
14.7.1.
Summary of the 2011 Resource Estimate

The following information regarding the 2011 resource estimate was extracted from
the summary section of the August, 2011 Technical Report (Lewis et al., 2011).
The historical Sigma-Lamaque propertys mineral resources were estimated using
traditional polygonal methods, and Century has used VulcanTM mining software to
block model the most recent resources. Generally, the block model mineral
resources extend from surface to a depth of 1,100 ft (335 m), below which mineral
resources have been estimated using the polygonal method. In a few areas,
polygons are used to estimate mineral resources between 1,000 ft (305 m) and
1,100 ft (335 m), and Micon has confirmed that there is no duplication between
polygons and the block model mineral resources.
The Lamaque No. 2 mine mineral resources were based on block modelling of the
flat veins using drill hole and moil channel sampling data. Mineralized zones were
outlined with a minimum height of 7 ft (2.13 m), and a cutoff grade of 2.1 g/t Au was
applied to mineral resource blocks.
The North Wall Shear mineral resources to a depth of 1,200 ft (366 m) below surface
were defined by block modelling using moil samples derived from development
drives on levels at 120 ft (36.6 m) vertical intervals. Mineral resources were reported
at a cutoff grade of 1.0 g/t Au.
The North Wall Dyke mineral resources were based on block modelling of the
mineralized dykes defined by diamond drilling. Mineral resources were reported at a
cutoff grade of 1.0 g/t Au.
The Cross-Over and Road Zones include dykes located in the Lamaque No. 2 mine
area. The block model used to outline the measured and indicated mineral resources
for the 2009 mineral resource statement was found to be flawed as the volume of
mineralization was defined by invalid wireframes. Subsequently, Century compiled a
mineral resource model based on mineralized intercepts of dykes, and prepared a
revised resource estimate that has been audited by Micon.
The Cross-Over and Road Zones mineral resource model is a continuation of the
North Wall dykes block model. The dyke geological envelopes for the block model
were generated mathematically through the use of indicators based on the
geological log codes within the drill hole database. All Cross-Over and Road Zones
mineral resources were assigned to the inferred category. In order to satisfy the
criterion that, resources must have a reasonable prospect of eventual economic
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extraction, Micon applied a cutoff grade of 1 g/t Au to the reported resources in these
zones.
The previous June, 2009 Technical Report included block modelling for two resource
areas which were termed Sigma Below Pit, 1000 to 2000 level and Sigma Below
Pit, 2000 to 2600 level. Micon conducted an initial review of these block models and
concluded that they are invalid and require extensive remodelling from first principles
in order to be included as part of the current resource estimate.
If the work is conducted such that a valid block model can be produced for the Sigma
Below Pit area, Integra may be able to re-incorporate this material into future
resource estimates. As the database for the Sigma Below Pit areas already exists in
paper format and partially in electronic format, it should be a relatively simple but
somewhat time-consuming exercise for Integra to conduct, and it may allow it to
increase its resource base in a relatively short period of time.
The polygonal mineral resources were estimated by previous operators Teck and
subsequently McWatters at Lamaque, and by Placer Dome at Sigma. The polygonal
method used to estimate measured and indicated mineral resources that are
respectively the basis of the proven and probable mineral reserves, was developed
over a long period of time and has been used historically at both the Sigma and
Lamaque mines. A mineralized section of each shear zone or dyke was blocked out
on a longitudinal section between levels at 125 ft (38.1 m) vertical intervals. Volume
was determined using the longitudinal area and the average thickness. The number
of tons was estimated by dividing the volume by the appropriate tonnage factor (12
ft3/st), equal to 2.67 t/m3. The grade of the block was determined using the lengthweighted average of all assays within the block (reported in pennyweights: dwt).
Areas with assays below 2 dwt/st or 0.10 oz/st Au (3.4 g/t Au) were discarded, and
assays greater than 20 dwt/st or 1.0 oz/st Au (34.28 g/t Au) were cut to 1.0 oz/st Au
(34.28 g/t Au). Mineral resources that were projected 35 ft (10.7 m) above or 35 ft
(10.7 m) below a level were assigned to the measured category. The remaining
mineralization between the levels, at a distance greater than 35 ft (10.7 m) above or
below a level, was categorized as indicated mineral resources. Measured and
indicated resources that met the defined economic criteria were converted into
proven and probable reserves. During Micons audit it converted the imperial figures
in the original estimates to metric. A majority of the polygonal resource blocks
appear to be remnants from previous mining, rather than new resources that
potentially could be expanded as further work is conducted. These remnants have
limited potential to be expanded.
During its audit, Micon has corrected, to the extent possible, the errors and
omissions for the polygonal estimates contained in the previous Century technical
reports dated January 2008, February 2009 and June 2009. All of the polygonal
blocks for which supporting data were available were checked and corrections
applied where necessary. In most cases, where reasonable supporting data were
available, Micon accepted Centurys previous resource classification. Where
insufficient supporting data were available for review, Micon down-graded the
resources to the inferred category to reflect the uncertainty associated with
converting the historical resource estimate into a current resource estimate. The
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down-grading also removed this material from the mineral reserve inventory of the
project.
The review and audit of the various components of the total resource estimate have
been conducted and are discussed herein as separate entities. Table 14.16
summarizes all of the separate resource areas as a total for the Sigma-Lamaque
property. The resource estimate is as of June 20, 2011.
Table 14.20 has not been updated to take into account the mining which was
conducted to May 25, 2012 by Century. According to personnel remaining on site,
the mining production conducted by Century were from flats, the Bdard Dyke and
the Sigma West areas which were not included in the last resource estimate. Only
1,330 oz (27,288 tonnes) were mined from North Wall Shear (Sigma) and North Wall
Dyke (Sigma), which were part of the June 20, 2011 resource estimate.
The mineral resource estimate reported in the August 2011 Technical Report (Lewis
et al., 2011) for Century was not updated for this report and has not been
superseded by any other updates. It is considering the previous review and audit
done by Micon in 2011 to be valid for the purpose of disclosing the Sigma-Lamaque
resource as a current mineral resource.
current PEA.
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Table 14.20 Mineral resource estimate for the Sigma-Lamaque mine as of June 20, 2011
Cut-off
Grade
(g/t Au)
2.1
1
1
1
Area
Lamaque
No. 2 Mine
North Wall
Shears
North Wall
Dykes
Sigma
Polygons
Estimation
Methodology
Measured
Indicated
Tonnes
Grade
Ounces
Tonnes
Grade
Ounces
Tonnes
Grade
Ounces
Block Model
92,000
6.52
19,000
92,000
6.52
19,000
Block Model
387,000
4.34
54,000
633,000
4.42
90,000
1,020,000
4.39
144,000
Block Model
188,000
2.48
15,000
188,000
2.48
15,000
Polygonal
764,000
6.04
148,000
1,610,000
5.02
260,000
2,374,000
5.35
408,000
Total
1,151,000
5.46
202,000
2,523,000
4.73
384,000
3,674,000
4.96
586,000

Cut-off
Grade
(g/t Au)
2.1
1
1
1
1
1
1
Area
Lamaque
No. 2 Mine
Lamaque
No. 2 Mine
Lamaque
Main Mine
Cross-Over
North Wall
Shears
North Wall
Dykes
Sigma
Polygons
Estimation
Methodology
Inferred
Tonnes
Grade
Ounces
Block Model
32,000
5.54
6,000
Polygonal
134,000
6.03
26,000
Polygonal
672,000
6.57
142,000
Block model
749,000
11.04
266,000
Block Model
364,000
5.13
60,000
Block Model
434,000
5.45
76,000
Polygonal
6,774,000
5.86
1,277,000
Total
9,159,000
6.29
1,853,000
Table extracted from the August 2011 Micon Technical Report for Century Mining Corporation (Lewis et al., 2011).
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15.
MINERAL RESERVE ESTIMATES

No mineral reserve estimates compliant with the reporting requirements of NI 43-101
have been prepared for the Lamaque Project.
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16.
MINING METHODS
2015, prepared by InnovExplo (Poirier et al., 2015) and describes the results of the
technical work undertaken by InnovExplo to produce a mine plan for a Preliminary
Economic Assessment (PEA) Study for the Lamaque underground project based on
a Mineral Resource Estimate produced by Geologica Groupe-Conseil Inc. and
GoPointCom Inc. in an earlier report prepared for the issuer titled NI 43-101
Technical Report on the Lamaque Property, published in November 2013
(Beauregard et al., 2013). The PEA has not been updated in light of the current
Mineral Resource estimate.
16.1.
Caution to the Reader

The reader is cautioned that this updated Preliminary Economic Assessment (the
PEA) is preliminary in nature. The PEA includes Inferred Mineral Resources that
are too speculative geologically to have economic considerations applied to them
that would enable them to be categorized as mineral reserves, and there is no
certainty that the PEA will be realized.
16.2.
Introduction
The updated PEA was prepared as an underground mining project based solely on
the mineral resources reported by the issuer on September 25, 2013. The majority of
the gold mineralization is hosted within two deposits, the Triangle Zone and the
Parallel Zone, located approximately 2 km apart. Secondary mineralized zones
included within the PEA are the No. 4 Plug, which would be accessed via
underground infrastructure from the Triangle Zone (South Zones), and the Fortune
Zone, which would be accessed via the Parallel Zone (North Zones) infrastructure.
accessed by way of a ramp (the South Zones), or decline, from surface which would
Access to the Parallel Zone will be achieved through the completion of a 700 m
lateral ramp starting from the existing Sigma underground workings. The existing
underground workings are 4.25 m by 4.25 m and are accessed by a fully serviced
portal, including ventilation, power and water services, with the entrance in the
southeast wall of the Sigma pit. The starting point of the ramp to the Parallel Zone is
located underground, approximately 200 m from the portal entry-way in the pit.
mechanized mining. Two mining methods are proposed based on vein geometry of
the four deposits: long-hole and room and pillar. The approach in this study has been
to force the application of long-hole mining where applicable. Waste material
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stopes.
The project will use the existing surface and underground infrastructure, mill and
tailings facility of the Sigma site. The Sigma site will be the base for operations and
for the mining of the Parallel and Fortune Zones. The South Zones will be serviced
with independent infrastructure to operate and the mineralized material will be
transported to the Sigma Mill.
The overall life of the Project is expected to be approximately 6 years, including a
1.5-year pre-production period, followed by 4.5 years of production. Once mining
operations are completed, 1 year will be required to complete the mine closure work.
The use of the Sigma Mill is the primary difference from the previous PEA, and
generates the majority of the economic benefits in this PEA update. Capital cost
requirements for refurbishment work and for increasing the tailings pond capacity, as
well as operating costs for milling, were evaluated by independent consulting firms
WSP and Amec Foster Wheeler using a projected throughput rate of 1,300 tpd.
16.3.
Mineral Resources considered in the Mining Plan

InnovExplo designed the conceptual underground preliminary mine plan based on
the Measured, Indicated and Inferred resources presented in an earlier report
entitled NI 43-101 Technical Report on the Lamaque Property, published in
November 2013 and prepared by Geologica Groupe-Conseil Inc. and GoPointCom
Inc. Based on the conceptual plan, Integra Gold elaborated another mining schedule
that was revised by InnovExplo. Details of the available resources for generating a
preliminary mine plan are presented in Table 16.1.
Table 16.1 Resources available to produce a preliminary mine plan with a

3.00 g/t Au cut-off
Gold Deposit Name
No. 4 Plug
Fortune Zone
Parallel Zone
Triangle Zone
Total
Tonnes
(metric tons)
1,325,100
377,800
947,300
932,000
3,582,200
Grade
(grams per tonne)
5.6
5.7
9.7
11.0
8.1
Ounces
237,450
68,820
295,620
328,270
930,160
A portion of the tonnage included in the Parallel Zone comes from the No. 7 veins
and consists of Inferred resources only. Two of the three No. 7 veins demonstrate
much higher grades than the average grade of the Project. For this PEA, in order to
minimize the influence of these satellite zones that have been estimated based on
only one (1) diamond drill hole per vein, InnovExplo used only half the grade value
for veins C and F. The long-hole tonnage was also reduced by half for all the No. 7
veins. See Table 16.2 for details.
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Table 16.2 Resources considered for the No. 7 veins to produce

a preliminary mine plan
No. 7
Resources potentially available
Resources considered for the mine

plan
C
D
Tonnage
(t)
41,178
43,476
Grade
(g/t)
17.94
4.69
Ounces
(oz)
23,751
6,556
Tonnage
(t)
24,369
26,778
Grade
(g/t)
8.97
4.69
Ounces
(oz)
7,028
4,038
40,274
27.72
35,893
23,917
13.86
10,658
TOTAL
124,928
16.48
66,199
75,064
9.00
21,723
Veins
For the Parallel, Fortune and Triangle zones, a cut-off grade of 4.0 g/t was applied to
sectors amenable to the long-hole mining method, and a cut-off grade of 4.5 g/t to
sectors amenable to the room and pillar mining method. Small satellite veins were
eliminated when located too far from principal points of access. A surface pillar of
approximately 25 m from surface bedrock was considered. For No. 4 Plug, Franois
Chabot of Integra Gold delineated stopes in higher grade areas based on resource
blocks calculated by GoPointCom, and provided the information to InnovExplo.
Table 16.3 presents the resources potentially amenable to mining that were used to
prepare the preliminary mining plan for the Lamaque Project.
Table 16.3 Mineral inventory for PEA

Deposit Name
No. 4 Plug
Fortune Zone
Parallel Zone
Triangle Zone
Total
16.4.
Tonnage
(metric tons)
401,400
194,484
651,870
694,360
1,942,119
Grade
(g/t)
6.4
6.9
10.0
13.0
10.0
Contained Gold
(oz)
82,213
43,012
209,373
289,849
624,447
Preliminary Geotechnical Assessment

The lack of data on discontinuity sets and conditions for the Project makes it difficult
to perform a proper rock mass classification. Basic assessments of the rock mass
have been done using available data defined at the Lamaque-Sigma Complex, which
is considered the most representative with respect to the Lamaque Projects
mineralization and mining method. Assumptions about long-hole stope dimensions
are based on standard designs in similar conditions.
Integra Gold provided Golder Associates Ltd (Golder) with geotechnical data in the
form of drilling records for 452 exploration drill holes. In early 2013, Golder provided
training in order to improve the geotechnical data collected from exploration drill
holes. As the Golder training was only conducted in early 2013, detailed
geotechnical data was not collected for all the holes drilled. Rock Quality Designation
(RQD) and fracture count data was collected from 100 holes located across the
property. Geotechnical data was only collected on eight (8) holes from the Triangle
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Zone that were logged following the training. The information provided below was
extracted from Golders report.
16.4.1.
Rock Quality Designation (RQD)

Rock quality designation (RQD), taken as the cumulative length of core longer than
10 cm divided by the length of the run and expressed as a percentage, was the most
collected geotechnical information in the exploration drill holes. RQD statistics are
summarized in Table 16.4 by overall rock type (see Fig. 16.1). The RQD for both of
the main rock types is quite high, with intrusives having a slightly higher RQD on
average than the volcanics. Lower observed values are expected to correspond to
fault zones in the rock mass.
Table 16.4 Statistics for RQD data
Figure 16.1 Histograms showing distribution and cumulative percentage

RQD for: a) intrusive rock, and b) volcanic rock
16.4.2.
Total Core Recovery (TCR)

Total core recovery (TCR) is the measured length of core recovered divided by the
length of the run, expressed as a percentage. TCR statistics are summarized in
Table 16.5 by main rock unit and overall units. Drilling recovery was excellent, with
an overall average of 99.2% and a standard deviation of 4.3%. There is no
observable difference in TCR values between the main rock units. Note that all TCR
data was collected from the Triangle Zone.
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Table 16.5 Statistics for TCR data
16.4.3.
ISRM field hardness

ISRM field hardness is a scale that indicates the hardness of the core based on field
tests. This field hardness then provides a coarse estimate of the UCS of the rock.
Field hardness was only measured on eight (8) holes, all of which were located in
the Triangle Zone. The statistics by main rock unit are shown in Tables 16.6 and
16.7. These values can be used as an estimate for the rest of the rock mass at
Lamaque.
Table 16.6 Statistics for ISRM field hardness
Table 16.7 Approximate UCS ranges by ISRM field hardness (modified from ISRM, 1978)
Based on the field hardness values measured from the core from the Triangle Zone,
rock mass UCS is similar for the volcanic and intrusive rock types and can be
estimated at approximately 75 MPa, with an overall range between 25 MPa and 250
MPa. While weaker sections of rock can be expected to be encountered locally (e.g.,
associated with faulting or shearing), an overall lower bound for the rock mass,
corresponding to the lower limit of the R4 classification of 50 MPa, can be assumed.
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16.4.4.
Fracture Frequency and Fracture Spacing

Fracture frequency is a count of the number of fractures per metre of a length of
core. The reciprocal of the fracture frequency provides a coarse estimation of the
joint spacing within the rock mass. Fracture frequency was measured in 99
boreholes across the site. The statistics are summarized in Table 16.8.
Table 16.8 Statistics for fractures per metre of core
The fracture count indicates that an average of 4 fractures per metre of core can be
expected for all rock types. However, the upper bound indicates that there are up to
7 fractures per metre in the volcanics, and 6 fractures per metre in the intrusives.
This leads to an average fracture spacing of 0.25 m in all rock types, with a lower
bound fracture spacing of 0.14 m in the volcanics, and 0.17 m in the intrusives.
16.4.5.
Crown Pillar
For the current PEA, a permanent crown pillar of 25 meters was considered in the
mining area. This will have to be validated for the prefeasibility study.
For the other sectors, Mine No. 3 and Plug 4, where mining occurred, once the
historical stopes have been located and confirmed, an investigation program should
be undertaken, as necessary, to determine the presence, thickness and condition of
crown pillars located above the historical mining. Of particular concern is the location
of the stopes relative to the old mine tailings and existing surface infrastructure. The
stability of these crowns, the associated risk of failure, and possible remediation
measures should be addressed.
The impact of dewatering the underground workings on the stability of the existing
crown pillars, particularly above the existing Mine No. 3 workings, will also need to
be further investigated. The historical workings in this area lie directly below the
Lamaque tailings basin.
16.4.6.
Typical Ground Support Patterns

These preliminary ground support recommendations are based on standard industry
practices. More detailed recommendations will require additional information
regarding joint spacing and continuity. Based on Farmer and Shelton (1983), the
following bolt lengths for the back (Table 16.9) are proposed based on the
excavation span (Bolt Length = 0.3 Span).
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Table 16.9 Typical ground support bolt length

Bolt length*
5 ft (1.5 m)
7 ft (2.1 m)
8 ft (2.4 m)
10 ft (3.1 m)
12 ft (3.7 m)
Maximum
Span
16.5 ft (5 m)
23.0 ft (7 m)
26.2 ft (8 m)
32.8 ft (10 m)
39.4 ft (12 m)
* Bolt length indicates the length installed within the rock and
excludes any threads or bars outside the drill hole.
The standard support is illustrated in Figure 16.2 and consists of:
Back: rock bolts (length based on excavation span) on a 1.2 m x 1.2m (4 x

4) pattern with screen as required (based on excavation height);
Wall: rows (number of rows based on excavation height) of rock bolts (length
= 1.21.5 m) on a 1.2 m x 1.2 m (4 x 4) pattern.
Figure 16.2 Standard requirement for ramp ground support
Screening of the back to 1.52 m above the floor is recommended for all excavations
3.5 m or higher (Fig. 16.3). The screen is intended as a safety measure where back
height will make routine inspections and scaling more difficult. Once additional
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structural and rock quality information are available, it will be possible to optimize the
ground support standards.
StandardSupportPatternasafunctionofExcavationDimensions
6,5
6
ExcavationHeight(m)
5,5
5
4,5
4
Add1rowofwall
bolts/additional
category
3,5
3
2,5
Add1boltto
back/additional
category
2
1,5
1,5
2,5
3,5
4,5
5,5
6,5
ExcavationSpan (m)
Addscreen (backto1.5maboveBOR)
Figure 16.3 Standard support pattern as a function of excavation dimensions.
Note that the transitions between bolting patterns are suggested guidelines and will
vary slightly depending on the degree of arching of the excavation back.
16.4.7.
Summary of Geotechnical Data

In order to be able to provide a complete classification of the rock mass, more data is
required for the Lamaque Project site. In particular, information is needed with
respect to the number of joint sets present in the rock masses, the condition of the
discontinuities in the rock mass, the state of stress anticipated, and the water
conditions in the areas under investigation. Understanding the orientation of the joint
sets for each rock type can assist with mine design and ground support
consideration. Understanding the intact rock strength at both zones is also required
since current information is based on the Triangle Zone.
The RQD and TCR results suggest a solid rock mass. The fracture frequency data
suggests a blocky rock mass with an average joint spacing of 0.25 m.
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Based on experience, available descriptions in the literature, and available

information for the Project, it is expected that the rock mass will classify as Fair to
Good according to both the NGI Q and Bieniawski RMR76 classification systems. It
is anticipated that some areas of poorer ground exist in each zone and are
associated with large-scale faults and shears. These assumptions will have to be
verified during subsequent investigations and levels of study.
16.5.
Mining Method
As mentioned earlier, two mining methods are proposed to accommodate the
geometry of the mineralization. The mining methods were selected according to vein
geometry and common practices for comparable mining operations in the region, an
area with an extensive history of underground mining. For mineralized zones dipping
less than 45, a room and pillar mining method is proposed, and sublevel long-hole
retreat is proposed for zones dipping more than 45.
16.5.1.
Long-hole Method
For mineralized zones dipping more than 45 in the North Zones and Triangle Zones,
the long-hole mining method will be used with mechanized sublevel development
completed at 16 m intervals along the vein. Typical stopes will have a thickness of
2 m and a length of 20 m as presented in Figure 16.4.
The development sequence consists of accessing the mineralized zone and
excavating a level cut in the mineralized zone. The mining sequence will require the
excavation of a raise opening, which is either developed as a conventional raise or
as a drop raise when a top access is available. Once development is completed, the
mineralized zone is surveyed with precision for the preparation of the drilling and
blasting pattern (Fig. 16-5).
The method consists of drilling and blasting 64-mm (2.5) diameter holes in a pattern
parallel to the walls. Mucking will be done longitudinally using remote controlled
scoops. Rock-fill will be used in long-hole stopes for the North Zones. Assuming uncemented backfill and a 3 m pillar between adjacent stopes, a mining recovery of
85% is considered.
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Figure 16.4 Typical isometric long hole stope view of the North
Ramp and Triangle zones.
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Figure 16.5 Typical longitudinal stope view of the North Zones and Triangle
Zones
The mining method planned in the No. 4 Plug is only long-hole. However, since the
stopes are larger than other areas of the mines, drilling will be achieved on a 76-mm
(3) diameter. Figure 16.6 presents a typical drilling pattern in the No. 4 Plug. In this
study, 11 stopes are present in the No. 4 Plug, distributed over 400 m in elevation,
and no backfill is planned to be used.
Figure 16.6 Typical drilling patterns in the No. 4 Plug
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16.5.2.
Room and pillar

The proposed room and pillar stope configuration is based on typical industry
practices for currently operating mines in deposits with similar vein geometry. The
typical mining height will vary from 2.0 m to 3.0 m. The room and pillar mining
method entails the excavation of a series of rooms following the vein, leaving
pillars or columns of rock in place to help support the mine roof. In conventional
room and pillar mining, drilling is achieved using hand-held drill equipment and holes
are loaded with explosives. Bolts are then installed in the mine roof to ensure the
roof is properly supported. The broken rock is scraped to either a raise or a
drawpoint using electric slusher with scraper. From there, the broken material is
taken with a scooptram to be hauled to surface with truck.
A typical room and pillar design is proposed for the North Zones and Triangle Zones
using 6 m wide rooms with 3 m x 6 m pillars and an access of 4 m between pillars.
Figure 16.7 presents a schematic of a typical room and pillar design. Mechanized
sublevel development from which the broken material is loaded by scooptram will be
completed at 60 m intervals along the vein. A mining recovery of 85% is considered.
Figure 16.7 Typical room and pillar design
16.6.
Existing mine infrastructure

The old Sigma and Lamaque openings are connected at various levels. Currently,
these openings are dewatered approximately up to level 213 m (700 ft).
Apart from the existing Sigma mine underground workings from which the North
ramp will be developed, infrastructure that might impact the proposed mining plan
elaborated in this PEA is Mine No. 3, which was started in 1961 and developed to a
final depth of 223.7 m (734 ft). It is located below the old Lamaque mine tailing.
Historical records indicate that 152,015 tonnes were mined from Mine No. 3.
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Drifts were extended toward the No. 4 Plug from the Mine No. 3 area to provide
access at the 450ft (137.16 m) and 700ft levels (213.36 m). The No. 4 Plug was
mined from workings above the 700ft level, yielding 160,000 tons. On the 300ft level
(91.44 m), the No. 3 Mine is also connected with the upper part of the No. 5 Plug.
In the proposed mining plan, the 700ft level (213.36 m) is located at a distance of
15 m from the safety raise planned for the Parallel Zone at elevation 100-2. The
300ft (91.46 m) level is located in between the plan ramp and the safety access drift
connecting the Parallel and Fortune Zones at a distance of 10 m from the ramp and
7 m from the drift. In the South Zones, the 700ft (213.36 m) level runs 30 m over
stope 24 of the No. 4 Plug. These openings will not be rehabilitated, although the
mine will be dewatered before these areas are mined (see Figure 16.8).
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Figure 16.8 Plan view of existing infrastructure belonging to the Lamaque Project
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16.7.
Dewatering
In parallel with the development work, the existing Mine No. 3 mine infrastructure will
have to be dewatered from surface to the 700ft level (213.36 m). The volume of the
existing opening is estimated to be 100,000 m3.
16.8.
Underground mine design
16.8.1.
North Zones development

The North Zones will be access through the completion of a 700 m lateral ramp
starting from existing Sigma mine underground workings. The portal entrance is
located in the southeast wall of the Sigma pit. The starting point of the ramp to the
Parallel Zone is located underground, approximately 200 m from the portal entry-way
in the pit.
The ramp to access the Parallel and Fortune zones will reach a final vertical depth of
615 m. If Integra Gold outlines resources at its No. 5 Plug and No. 3 mine targets, it
is anticipated these zones would also be accessed through the North Ramp. The
compilation of mine development quantities considered in the preliminary mine plan
is presented in Table 16.10.
Table 16.10 Mine development quantities for the North Zones

Preproduction(year)
1
0(Q12)
Development
NorthRamp
Rampordrift(4.5mx4.5m)
Sublevel(3mx3m)
Alimakraise(3mx3m)
Conventionalraise(2mx2m)
1,658
134
144
18
1,431
1,155
27
15
Production(year)
0(Q34)
1,662
985
66

Total
3,319
2,045

45
3,156
2,542
210
89
551
1,971
193

11,776
8,832
640
167
In the upper part of the Parallel Zone, levels will be developed from the main ramp.
In the lower part of the Parallel Zone (No. 7 veins), sublevels will be developed to
access three zones of mineralized material. Excavation in mineralized material is
usually 3 m high, but the width varies in relation to vein thickness in order to provide
the best development scenario for drilling positions. Ore and waste will be hauled by
LHDs from the production area to either a remuck bay or a loading point close to the
ramp, and loaded into trucks to be hauled directly to surface (Sigma pit). Figures
16.9 and 16.10 illustrate the general development arrangement in the Parallel and
Fortune zones.
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Figure 16.9 Longitudinal view of the Parallel Zone (incl. the No. 7 veins) and the Fortune Zone, looking north.
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Parallel is connected to Fortune by a 4.5m x 4.5m ramp for 30t trucking haulage, and by a 3m x 3m track drift access for ventilation and a safety exit (Fig. 16.10.)
Figure 16.10 Plan view of the Parallel-Fortune connection.

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16.8.2.
North Zones sequence

According to the mine design, development will start in the second month of Year -1
with a jumbo development crew consisting of 3 men, working 10-hour shifts day and
night (see Table 16.11). A second jumbo crew will be added at the end of Year-1 and
a third crew is scheduled to start developing accesses and drifts for the
mineralization using modified long tom rigs on wheels. Adding a third team will
accelerate the start of production in the Parallel Zone once the safety exit from the
100-4 Level to surface is completed (Fig. 16.11).
Production using the room and pillar method will commence with five crews of 2 men
per shift in the end of the first quarter of Year 0. The number of team will gradually
increase up to the maximum of 12 teams at Year 1. Long-hole production will start in
the end of first quarter of Year-0 and will finish at the beginning of Year 4. Production
drilling will be carried out by 6 drillers on 2 drill rigs.
Table 16.11 Operational work place for the North Zones

Excavationtype
NorthRamp
Jumbodevelopment(3miners/crew,3crews/gear)
Conventionaldevelopment(drift,2miners/crew,3crews/gear)
Room&pillar(2miners/crew,2crews/stope)
Preproduction(year)
1
0(Q12)
1
1
1
2
Operationalworkplace
Operationalperiod(year)
0(Q34)
1
2
3
2
1
5
2
2
6
2
1
6
1
1
4
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Figure 16.11 Longitudinal view of the Parallel Zone without the No. 7 veins, looking north.
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The ramp access to fortune zone is planned to start in the third quarter of Year 0. At
the end of Year 1, development will be completed on the Parallel Zone. The next
priority will be to develop access to the No. 7 veins and the Fortune Zone. One
jumbo crew will be assigned to developing the ramp to access the No. 7 veins, and a
second team will focus on the Fortune Zone. The long tom equipment will be
modified to operate on rails, in order to develop the safety access between the
Parallel and Fortune zones. The development of the No. 7 veins and the Fortune
Zone will be completed in the middle of Year 3 and production will end at the
beginning of Year 4.
16.8.3.
South Zones development

The South ramp portal will be located approximately 3 km from the Sigma complex
will reach a vertical depth of 620 m. The South Ramp will access the Triangle Zone
and No. 4 Plug. The South Zones area would be connected to an existing gravel
road a few hundred metres to the south, allowing for two entry points to the site.
The portal ramp will start from an outcrop and the ramp size will be 5 m x 4.5 m. In
the upper part of the Triangle Zone, 6 levels will be developed with sublevels. In the
No. 4 Plug, a crosscuts will be developed from a main ramp to access the
mineralized zones. The mineralize material and waste will be hauled by LHDs from
the production area to either a remuck bay or to a loading point close to the ramp
and loaded into 45t trucks to be hauled directly to surface. Figure 16.12 shows the
longitudinal view, and Table 16.12 presents a compilation of mine development
quantities.
Table 16.12 Mine development quantities for the South Zones

Development
Preproduction(year)
1
0(Q12)
SouthRamp
Rampordrift(4.5mx4.5mor4.5mx5m)
803
Drift(4mx3m)
Drift(4mx4m)
99
Sublevel(3mx3m,3.5mx3mor3.5mx2.8m)
Alimakraise(3mx3m)
Conventionalraise(2.5mx2.5or3mx3m)
Total
Production(year)
0(Q34)
1,018
1,358
207
419
53
1,034
201
15
2,338
492
219
1,158
205
1,405
2,580
387
378
32
2,257
75
153
1,738
408
42
188
9,386
3,566
911
4,308
1,033
57
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Figure 16.12 Longitudinal view of the Triangle Zone and No. 4 Plug, looking west.
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16.8.4.
South Zones sequence

According to the mine design, development will start in the third quarter of the Year
-1 with jumbo development crews consisting of 3 men working 10-hour shifts day
and night. At the end of Year -1, another jumbo crew will be added. In the middle of
Year 0, a third development crew is scheduled start developing access and drifts in
mineralized zones using a modified long-tom on wheels (see Table 16.13).
The Triangle Zone will be mined by room and pillar method only. The first operational
working place will start in the last quarter of Year 0, and the number will increase to a
maximum of 11 working places in Year 2. Long-hole production in the Triangle Zone
will also start in the last quarter of Year 0, and will finish in the first quarter of Year 5
in the No. 4 Plug. Development of the No. 4 Plug will start in the first quarter of
Year 1, and will finish at the beginning of Year 4. Long-hole production of the No. 4
Plug will start at the end of Year 3 to finish at the beginning of Year 5.
Table 16.13 Operational work place for the South Zones

Excavationtype
Preproduction(year)
1
0(Q12)
SouthRamp
Jumbodevelopment(3miners/crew,3crews/gear)
Conventionaldevelopment(drift,2miners/crew,3crews/gear)
Room&pillar(2miners/crew,2crews/stope)
16.9.
Operationalworkplace
0(Q34)
1
2
3
2
1
4
2
1
8
11
Mining dilution and recoveries

A mine recovery factor of 85% has been considered in this study for room and pillar
stopes because high-grade portions of the pillars will be recovered. Typical
room and pillar stopes will have a minimum height of 2m and an external dilution of
5% (at 0.0 g/t Au).
For long-hole stopes, an average dilution factor of 20% (at 0.0 g/t Au) has been
applied when stopes thickness is greater than 3 m, and a 35% dilution factor was
applied to stopes less than 3 m.
However, in the No. 4 Plug, the stopes are thicker and more vertical; in this sector, a
15% dilution factor (at 0.0 g/t Au) was applied with a planned mining recovery factor
of 90%.
16.10.
Mining rate
The expected production rate will start in preproduction at an average of 225 tpd
from the North Zones in Q1 of Year 0, and will slowly ramp up to an average of 722
tpd in Year 1. The production period average is 613 tpd from the North Zones. The
South Zones production will start in Q2 of pre-production Year 0 at 102 tpd, to bring
the production level to 572 tpd in Year 1. The production period average from the
South Zones is 638 tpd. The preliminary conceptual mine plan has a production
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period of 4.5 years, and a pre-production period of 1.5 years. The average
production level for the North and South Zones is 1252 tpd (340 days/year).
Limited production would occur during the pre-production stage, accounting for
approximately 17,755 ounces over the course of the 1.5-year pre-production period.
Average annual production after the pre-production stage is 442,400 t at a diluted
grade (or head grade) of 8.24 g/t Au, for 109,740 gold ounces recovered (average
recovery of 92.1%).
16.11.
Mine plan schedule criteria

Contractors will be used for Alimak raise excavation, portal entrance and specific
surface work. Mine workers will be used for all other type of mine development, mine
production and mineralize material haulage activities. A staff workforce will be hired
to provide technical and administrative support and direction to mine activities.
The design criteria used to develop the mine plan are as follows:
Jumbo multi-faces (>3) drift development: 200 m/month;

Jumbo with maximum two-face drift development: 175 m/month;
Jumbo with single-face drift development only: 150 m/month;
For the jumbo development, a progressive efficiency factor of 40%-60%-80%
is assumed for the first three months to account for the learning curve;
Track drift development: 100 m/month;
Sublevel development: 60-100 m/month;
Alimak raises: 75 m/month;
Conventional raises: 60 m/month;
Room and pillar stope: 18 t/man per shift, 8-10 hours per shift (day-night);
The manpower resource on each working shift used to prepare the following mine
schedule includes:
16.12.
2 men per crew, usually with cross-shift for room and pillar; a maximum of 23
crews will be required for the Project;
3 long-hole drillers;
4 truck drivers;
3 LHD operators;
12 development crew per jumbo, for a total of 4 jumbos:
Each crew consists of 1 jumbo operator and 2 workers for ground support
and services; the truck operator is not included;
Three crews of 2 workers for sublevel development in the North Zones;
Two crews of 2 workers for sublevel development in the South Zones.
Equipment
This study is based on new equipment that would be acquired by Integra Gold
through financing agreements. The list of equipment considered for the Project is
presented in Table 16.14.
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Table 16.14 Mining equipment for the Lamaque Project

Preproduction(year)
1
0(Q12)
Truck(AD30)
1
1
Truck(AD45)
1
ScoopR1300G(4.4cyd)
2
5
ScoopST1030(6cyd)
4
4
ScissorliftSL3
2
2
ScissorliftSL2.5
1
2
Jumboboomer282
4
4
BolterMacleanMEM928
2
2
GraderCAT12M
0
1
LongTom(rails&sub)
0
2
Longholedrill(CMACPLH)
0
3
TractorKUBOTA
4
6
0
1
LubeandservicetruckMaclean
SurfaceLoader
2
2
WaterTANK(TRAILER)
1
1
PickupTruck
2
4
Schoolbus
1
1
Total
26
42
Miningequipment
16.13.
0(Q23)
1
1
5
4
2
2
4
2
1
2
3
6
1
2
1
4
1
42
1
2
3
2
2
2
1
2
2
5
4
4
4
4
3
2
2
2
2
2
1
4
4
3
2
2
2
1
1
1
2
0
0
3
3
3
10
10
10
1
1
1
2
2
2
1
1
1
4
4
4
1
1
1
47
45
42
4
2
2
3
2
2
0
0
0
1
0
3
8
1
2
1
4
1
32
Manpower requirements
The mine will operate seven (7) days a week, excluding night shifts on Fridays and
Saturdays. This schedule is equivalent to 312 days per year of operation.
Technical services and administration will be on a schedule of 5 days work

2 days rest.
Development and production crews will be on a schedule of 7 days work 4
days rest 5 days work (night shift) 5 days rest, for 10 hours per shift.
Room & pillar crews will be on a schedule of 5 days work (8-hr shift) 2 days
rest 4 days work (10-hr night shift) 3 days rest.
Tables 16.15 and 16.16 present the manpower requirements during the LOM,
excluding process plant manpower.
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Table 16.15 Manpower requirements: Administration and surface services

Manpower
Administration
Manager
Secretary
SeniorAccountant
IntAccountant
jr.Accountant
HumanressourcesCoordinator
CommunicationCoordinator
SeniorPurchaser
Purchaser
Clerk
Safetycoordinator
Safetypreventionnist
Nurse
Trainingcoordinator
Surfaceservices
SurfaceLabourer
ConstructionSuperintendent
Civiltechniciensupervision
Dryman
Preproduction(year)
1
0(Q12)
Production(year)
0(Q23)
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
2
1
1
1
3
2
1
1
1
1
1
1
1
1
2
1
1
1
3
2
1
1
1
1
1
1
1
1
2
1
1
1
3
2
1
1
1
1
1
1
1
1
2
1
1
1
3
2
1
1
1
1
1
1
1
1
2
1
1
1
3
2
1
1
1
1
1
1
1
1
2
1
1
1
3
2
1
1
1
1
4
0.5
0.5
1
4
0
0
2
4
0
0
2
4
0
0
2
4
0
0
2
4
0
0
2
4
0
0
2
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Table 16.16 Manpower requirements: Technical services, maintenance,

supervision and operations
Manpower
TechnicalServices
Geology
ChiefGeologist
Databasetechnician
Seniorgeologytechnician
Seniorgeologist
Juniorgeologist
Juniorgeologytechnician
Engineering
ChiefEngineer
Rockmechanicengineer
Miningtechnicianproject
Seniorminingengineer
Juniorminingengineer
Seniorminingtechnician
Juniorminingtechnician
Environmentaldepartment
Environmentalcoordinator
Environmentalsurfacesupervisor
Environmenttechnician
Maintenance
Mechanicaldepartment
Chiefmechanic
Preventivemaintenanceplanner
Mechanicsupervisor
Mechanics
Welder
Electricaldepartment
Chiefelectrician
TITechnician
Electriciansupervisor
Electrician
SupervisionOperation
Undergroundsuperintendant
MineCaptain
ShiftBoss
Undergroundsupervisorservice
Operation
Labourer
Serviceminer
Constructionminer
Developmentleadminer
Developmentminer
Developmentmuker
CPminer
Longholedriller
Blaster
Scoopoperator
Truckoperator
Trainer
TotalHourly&Staff
Staff
Preproduction(year)
1
0(Q12)
Production(year)
0(Q23)
1
1
1
2
2
1
1
1
1
2
4
3
1
1
1
2
4
3
1
1
1
2
4
4
1
1
1
2
4
4
1
1
1
2
4
4
1
1
1
2
4
4
1
1
0
2
2
2
2
1
1
1
2
3
2
3
1
1
1
2
3
2
3
1
1
1
2
3
2
4
1
1
1
2
3
2
4
1
1
1
2
3
2
4
1
1
1
2
3
2
4
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
2
6
1
1
1
2
10
1
1
1
2
10
1
1
1
2
12
2
1
1
2
12
2
1
1
2
12
2
1
1
2
12
2
1
1
1
6
1
1
1
8
1
1
1
8
1
1
1
8
1
1
1
8
1
1
1
8
1
1
1
8
1
2
6
0
1
2
12
0
1
2
12
0
1
2
14
2
1
2
14
2
1
2
14
2
1
2
14
2
1
6
0
6
12
0
0
0
0
0
4
2
101
52
1
10
4
17
29
3
26
6
2
6
6
6
209
68
1
10
4
17
29
3
26
6
2
6
6
6
209
68
1
12
4
17
29
9
44
9
4
12
12
6
261
74
1
12
4
12
24
9
48
9
4
12
12
6
255
74
1
12
4
12
24
11
44
9
4
12
12
6
253
74
1
12
4
6
12
12
16
9
6
12
12
6
210
74
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16.14.
Development and production schedule

InnovExplo developed a preliminary development and production schedule based on
the mineral resources discussed in section 14. The underground mine design
provides for a 4.5-year mine plan producing 1,990,839 tonnes of mineralized
material assaying 8.24 g/t Au. With a resulting average mill recovery of 93.7%, a
total of 511,588 ounces of gold will be produced during the LOM, with 17,755 ounces
from the pre-production period.
During the LOM, development would generate approximately 14% of the
mineralization tonnage, room and pillar mining 37%, and long-hole mining 49%
(Table 16.17).
Table 16.17 Mine plan tonnage distribution

North Ramp
South Ramp
Total
Mining
(tonnes)
(tonnes)
(tonnes)
Development
158,125
126,411
284,536
Room and pillar
291,894
468,185
760,079
Long-hole
518,054
497,542
1,015,596
Total
968,073
1,092,138
2,060,211
The mining plan includes all development required to access and mine the
mineralized zones. Estimated development quantities are presented in Tables 16.10
and 16.12.
The resulting mine plan provides flexibility due to the number of available working
places. Table 16.4 presented the type of mineralized material by sector, and Table
16.18 summarizes the yearly tonnage distribution.
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Table 16.18 Conceptual mining plan, yearly tonnage distribution for

the North and South Zones
Pre production
Year 1
Q4
PRODUCTION
North Zone
PARALLELE
Development (t)
Grade (g/t)
Long Hole (t)
Grade (g/t)
Room and pillar (t)
Grade (g/t)
3,377
8.35
-
Total (tonne milled)

Grade (g/t)
FORTUNE
Development (t)
Grade (g/t)
Long Hole (t)
Grade (g/t)
Room and pillar (t)
Grade (g/t)
3,377
8.35

Grade (g/t)
South Zone
TRIANGLE
Development (t)
Grade (g/t)
Long Hole (t)
Grade (g/t)
Room and pillar (t)
Grade (g/t)
1,235
5.30

Grade (g/t)
PLUG 4
Development (t)
Grade (g/t)
Long Hole (t)
Grade (g/t)
Room and pillar (t)
Grade (g/t)
1,235
5.30

Grade (g/t)
TOTAL North and South
North Zone
South Zone
Grade (g/t)
Parallele Recovery (%);
Fortune Recovery (%); S
Triangle Recovery (%); S
Plug 4 Recovery (%); Si
Gold Produced (oz)
4,612
73%
27%
97.4%
96.1%
92.5%
87.1%
Operation
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Q1
Q2
Q3
Q4
15,095
7.27
2,000
9.40
2,016
9.81
12,314
6.63
6,000
9.40
16,164
9.79
13,501
5.87
12,968
7.45
19,723
10.33
5,746
7.28
40,800
6.05
20,521
10.45
37,314
6.27
123,645
7.15
84,470
8.50
3,419
6.80
70,918
5.25
79,873
7.90
25,200
8.73
61,524
9.58
45,861
9.84
19,111
7.76
34,478
8.59
46,192
8.22
67,067
7.50
245,429
7.48
154,210
6.66
132,585
9.51
42,757
8.53
745,206
7.84
29,030
5.07
7,500
4.70
5,040
5.71
13,129
5.02
105,421
5.26
16,918
6.51
0
0.00
44,521
4.91
1,308
7.15
42,159
5.06
157,442
5.13
23,266
6.38
135,468
5.39
766
45,829
4.97
222,867
5.25
701
41,570
5.08
559
2,470
6.74
2,470
6.74
21,581
89%
11%
26,193
7.62
97.4%
96.1%
92.5%
87.1%
6,217
8,701
8.74
8,701
8.74
43,179
80%
20%
43,179
8.62
97.4%
96.1%
92.5%
87.1%
11,538
16,025
7.91
4,000
6.49
13,230
11.83
7,826
8.97
8,000
6.49
25,152
10.24
36,557
8.75
28,977
6.52
130,545
9.92
15,681
9.40
32,819
11.33
171,675
13.55
38,965
8.57
127,583
14.85
33,255
9.30
40,978
9.27
196,079
9.20
220,175
12.92
166,548
13.38
0
0.00
7,259
3.90
30,658
4.76
59,125
5.55
0
0.00
325,655
5.52
89,783
5.28
524,384
51%
49%
524,384
8.95
97.4%
96.1%
92.5%
87.1%
141,616
325,655
5.52
414,241
21%
79%
414,241
5.77
97.4%
96.1%
92.5%
87.1%
68,837
79,447
58%
42%
79,447
8.67
97.4%
96.1%
92.5%
87.1%
21,087
108,045
62%
38%
108,045
8.17
97.4%
96.1%
92.5%
87.1%
27,053
441,508
56%
44%
441,508
8.24
97.4%
96.1%
92.5%
87.1%
111,148
16.15.
Mining services
16.15.1.
Ventilation for North and South Zones
7,259
3.90
423,214
46%
54%
423,214
9.72
97.4%
96.1%
92.5%
87.1%
124,092
115,966
7.05
360,612
7.29
268,628
8.92
42,757
8.53
-
Total
88,495
8.63
112,761
8.63
468,185
12.67
669,441
11.45
0
0.00
37,916
4.59
384,781
5.53
0
0.00
422,697
5.44
0
0.00
97.4%
96.1%
92.5%
87.1%
-
2,060,211
8.24
97.4%
96.1%
92.5%
87.1%
511,588
97.4%
96.1%
92.5%
87.1%
The underground ventilation installation for the North and South Zones will be
similar. The North installation will require vertical and horizontal fan installations, the
South installation will require horizontal fan installation only. The ventilation raise will
serve as an emergency escape way in both cases (see Figs. 16.13 and 16.14). For
the current study, InnovExplo performed a preliminary simulation to establish a main
ventilation network from which secondary fans will bring air to the working area. The
maximum required ventilation was determined to be 240,000 ft3 per minute (6,800
cmm) and will be provided by two 300 hp main air fans (see Table 16.19). Fresh air
will be heated by two 12-MBtu/hr capacity propane burner systems and will exhaust
via the ramp. The heating installation will be at the surface, but the main fans will be
installed underground in a sublevel close to the surface. The ventilation OPEX cost
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calculation was done using 67% of full operating fan capacity or 160,000 cfm.
InnovExplo believes it will be possible to optimize ventilation requirements. The
system will be flexible enough to permit adequate ventilation even if some
modifications are made to the equipment fleet.
Table 16.19 Airflow requirements

YEAR
1
0
1
2
3
4
MAXIMUMDESIGN 180,000 210,000 240,000 240,000 240,000 240,000
AIRFLOW
REQUIREMENT
OPERATING
(CFM)
OVERALLDESIGN
90,000
135,000
160,000
160,000
160,000
130,000
240,000
Figure 16.13 Ventilation network for the North Zones
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Figure 16.14 Ventilation network for the South Zones
16.15.2.
Dewatering
16.15.2.1. Dewatering: North Zones

The dewatering system consists of secondary sumps located on each level and 3
main pumping stations, two located in the Parallel Zone and one at the bottom of the
Fortune Zone, as presented in Figure 16.15. Stations 2 and 3 pump to Station 1,
where all collected water is pumped to Sigmas existing dewatering system. Each
sump will be connected by drain hole, and a scoop tram will be used to keep the
sumps clear of mud. The dewatering from the bottom of the Parallel Zone will be
served by the development pumping system. The LOM of this sector (No. 7 veins) is
too short to invest in permanent infrastructure.
The development dewatering system uses a submersible 8.9 HP pump with metal
tub mounted on a skid. These setups are installed in series every 20m in elevation,
depending on the piping size.
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Figure 16.15 Longitudinal view of the dewatering system for the Parallel and
Fortune zones, looking west.
16.15.2.2. Dewatering: South Zones

In the South Zones, there are 4 principal pumping stations: three located in the
Triangle Zone and one approximately in the lower third of the No. 4 Plug (Fig. 16.16).
The bottom dewatering of the Triangle Zone and No. 4 Plug will use the development
pumping system. The LOM of these sectors are too short to invest in permanent
infrastructure.
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Figure 16.16 Longitudinal view of the Triangle Zone and No. 4 Plug dewatering system,
looking west.
All dewatered water from the South Zones will be pumped to pumping station 1, and
then to the sump closest to surface. The water will be repumped to Sigma-Lamaque
Complex via existing underground openings.
16.15.3.
Compressed air
Four 41.8-m3/min (1,476 cfm) electric compressors (3 fixed speed and 1 variable
speed) will be installed in a secondary garage on surface in the North and South
areas. A preliminary network of pipe lines will be installed down each escapeway
and along the ramp and drifts throughout the mine. Compressed air will be provided
to various handheld drills and production long-hole rigs, and will provide emergency
air supply to the refuge station. Two compressors are already available at the SigmaLamaque Complex. One of them is operational and the other one will be refurbished.
16.15.4.
Industrial water
The North Zones will be serviced via the Sigma-Lamaque Complexs existing
installations. The South Zones industrial water will be pumped to the Mylamaque
shaft. The industrial water network will include pressure-reducing valves.
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16.15.5.
Underground power distribution

For the underground distribution, the changes compared to the last PEA will occur
mainly in the North Zones area due to a new strategy to access the underground via
existing Sigma excavations. For the entire North Zones project, four (4) 1 MVA 4.16
KV/600 V underground mobile substations will be installed at different levels to follow
production requirements. These substations will be skid-mounted, and will provide
600V power to the underground loads such as pumps, fans, jumbos, bolters,
diamond drill, lunchroom, etc.
Some changes were also made to the power supply strategy. An additional 4.16kV
cable from the surface passing through a borehole, is necessary to avoid a voltage
drop problem underground (more specifically at the Fortune area). For the Fortune
area, a portable substation has been added, and eventually one of the substations in
the Parallel Zone should go into the Fortune area.
For the South Zones, very few changes are required as the strategy is nearly the
same. The biggest change is the possibility of buying a used transformer, which is at
the Sigma mine site, and the estimated length of the electrical overhead line is no
longer required. For the entire South Zones project, six (6) substations 1 MVA 4.16
KV/600 will be installed at different levels to follow production requirements and
provide the flexibility required by the mining operations.
Two 25 kV/600 V substations will be installed at the South Zones. The South
substations will be used to supply all underground mobile substations.
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17.
RECOVERY METHODS
In the previous version of the PEA (Technical Report and Preliminary Economic
Assessment for the Lamaque Project, Integra Gold Corp., April 25, 2014), custom
milling was considered. In October 2014, Integra acquired the Sigma-Lamaque
Milling Facility and Mines. This version of the PEA is thus based on the use of the
Sigma Mill at an average production rate of 450,000 tonnes per year (tpa). This
section describes the process equipment available at the Sigma Mill and discusses
the gold recovery that could be obtained in this processing facility considering the
metallurgical testwork results obtained so far.
17.1.
Description of Sigma Mill Mineral Processing Facility

The Sigma gold plant is situated at the east entrance of the city of Val-dOr. This
plant started operation in 1937. The plant capacity and flowsheet were modified a
number of times over the years. The flowsheet uses gravity concentration, cyanide
leaching and carbon-in-pulp (CIP) to recover the gold. The Sigma Mill simplified
flowsheet is provided in Figure 17.1.
17.1.1.
Crushing Circuit
The plant feed is first dumped on a heavy duty grizzly. An impact hammer breaks
the oversize rock directly on it.
The crushing circuit is composed of a vibrating grizzly feeder followed by a jaw
crusher. A cone crusher is used to obtain the final crushing size, and this is installed
in closed circuit with triple deck screen. The final screen product is transported by
conveyor belt to the fine ore bin for storage.
The bin is equipped with an apron feeder. A second apron feeder could be used to
feed the grinding circuit from an outdoor stockpile. The fine ore bin has an
approximate live capacity of 1400 tonnes.
All the equipment within the crushing circuit is required for an operation at
450,000 tpa. The crushing capacity is such that all crushing work required to
sustain the planned production can be done in a single 12 hour shift per day. The
maximum capacity of the crushing circuit is around 210-230 tph.
17.1.2.
Grinding and Gravity Circuits

The grinding circuit is composed of a primary rod mill and two ball mills. However,
for the time being, a 75 m grind size is being considered, and this would only
require one of the two ball mills to be refurbished at the planned 450,000 tpa
production capacity.
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The rod mill runs in open circuit. The ball mill is operated in closed circuit with
cyclones. The cyclone cluster is composed of fourteen cyclones, four units of which
would be in operation and ten in standby. The underflow product from three
cyclones feeds the ball mill, one cyclone underflow product is sent to the gravity
recovery circuit, whereas all the overflows are sent to the thickener.
Lime, the pH controller, is added to the mill feed conveyor, and sodium cyanide can
be added to the milling circuit if desired.
The gravity circuit is composed of two Knelson concentrators operating as parallel
units to recover free gold. Initially only one of the units would be put in service. The
Knelson concentrate is treated on a shaking table. The gold concentrate is then
further treated in the refinery.
17.1.3.
Thickener, Leach and Carbon-in-Pulp Circuits

The cyclone overflow is sent to a trash screen. The underflow goes to the leach
circuit after it has been thickened by a high-rate thickener. The plant is equipped
with two thickeners, but for a production rate of 450,000 tpa, only one would be
rehabilitated.
In the leach circuit, cyanide is used to dissolve the gold. The circuit is composed of
five tanks for a total of approximately 5100 m of active leach volume. Each tank is
equipped with an agitator mechanism and compressed air lines.
The discharge of the leach circuit flows to the CIP circuit, composed of one larger
tank and six smaller tanks. However for operation at 450,000 tpa, only the first large
tank and four of the smaller tanks would be put in service. The slurry goes from one
tank to the other by gravity. Interstage screens prevent carbon from being carried
away with the slurry. Carbon is pumped counter-current to the slurry.
The combined volume of the leach and CIP circuits provides a residence time of
approximately 72 hours.
17.1.4.
Elution, Refinery and Carbon Regeneration

Loaded carbon is pumped from the first CIP tank onto a screen, which returns the
underflow slurry to the tank. Carbon is then sent to an acid wash column to
eliminate carbonates that make elution more difficult. From there, the carbon goes
into a 3-tonne capacity elution column.
The elution solution is pre-heated via heat exchange with the hot pregnant solution
and then further heated using an electric heater. The cooled pregnant solution is
sent to the electrolysis cells located in the refinery. There are two electrolysis cells
running in parallel. Gold forms on stainless steel wool cathodes. Cathodes are
dried and melted with flux in an induction furnace. The drying oven and furnace are
also used to treat the shaking table concentrate. The dor ingots are stored in a
safety vault.
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Carbon from elution is regenerated in a rotary furnace, cooled, screened and

returned to the last CIP tank. Fresh carbon is added as needed via the cooling
circuit.
17.1.5.
Tailings and Cyanide Destruction

After going through the CIP circuit, the slurry proceeds onto a safety screen to
recover any smaller carbon particles that may have passed through the interstage
screen. The plant is equipped with two screens, but initially only one will be put into
service. The underflow is sent to the cyanide destruction tank, whereas the
overflow, which contains fine loaded carbon, is filled into bags.
In the cyanide destruction tank, reagents and air are used to reduce cyanide
concentrations to environmentally acceptable levels. For the purpose of this PEA,
the use of sodium metabisulphite has been assumed. New tanks and pumps are
required for this reagent. The plant is already equipped with copper sulphate tanks.
Once through cyanide destruction, the slurry is pumped to the tailings pond.
17.2.
Expected Recovery
The previous version of the PEA considered custom milling with a leach retention
time of 48 hours. Since the Sigma Mill can provide a residence time of 72 hours,
higher recoveries can be achieved. Based on 96-hour recoveries obtained for
Flowsheet 1 in the third testwork phase (ALS Metallurgy Kamloops, Roulston D.,
Johnston H., Shouldice T., Report KM4025, Metallurgical Testwork on the Lamaque
Deposit, January 16, 2014) and the leach kinetic curves up to 96 hours obtained for
gravity concentration followed by leaching in the first testwork phase (ALS
Metallurgy Kamloops, Roulston D., Johnston H., Shouldice T., Report KM3569,
Metallurgical Testwork on the Lamaque Deposit, April 3, 2013), the expected
overall recoveries were established for each zone. These are presented in Table
17.1. These recoveries represent an average increase of approximately 1% when
compared to the previous PEA.
Table 17.1 Expected Recoveries

Zone
Gravity
Leach(72h)
Parallel
47.6
49.8
Fortune
26.8
69.3
Triangle
17.6
74.9
Plug 4
13.7
73.4
Total
97.4
96.1
92.5
87.1
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Sigma Mill Flowsheet

Vibrating trash
screen
Rock breaker
Jaw crusher
Wood and plastic
NaCN
Magnet
Vibrating
feeder
Static sieve
Cone
crusher
Triple
deck
screen
Ore
bin
Knelson
CaO
Ball
mill #1
Rod
mill #2
Shaking
table
Apron feeders (3)

Environment
Flocculant
Ball
mill #3
Tailings pond
(polishing)
High capacity
thickener
Gold
refinery
Tailings pump
boxes
Tailings pond
Loaded carbon
screen
Back to mill
HCl
Carbon-in-pulp tanks (CIP)
Acid
vessel
NaOH
Security screen
Compressed
air
Leach tanks
Compressed air
Calibrating screen
CuS04
Na2S2O5
Cyanide
destruction
tank
Compressed air
Legend:
Gold
loaded
fine
carbon
Carbon
regeneration
kiln
Fresh
activated
carbon
Elution
vessel
Heat
exchanger
Water
heater
Silica flux
Electrolytic
Cells
Quench
vessel
Pulp or Ore
Solution
Carbon
Unused equipment
Reagents
Gold
Barren
solution
Ingots
Induction Cathodes
furnace
dryer
Figure 17.1 Sigma Mill Simplified Flowsheet

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18.
PROJECT INFRASTRUCTURE
Integra Golds acquisition of the Sigma-Lamaque Complex provided the Company
with a permitted 2,200 tpd milling complex and tailings facility adjacent to the
Lamaque South property, as well as permitted underground infrastructure that
includes three portals, a mechanical shop, offices, a dry, equipment, and all mining
concessions and mineral claims on the past-producing property.
18.1.
Plant and site layout

Figure 18.1 presents the general surface layout, including the existing infrastructure
on Sigma-Lamaque property and the proposed location of the required infrastructure
for the Lamaque South Project. Figure 18.2 present a closer look at the SigmaLamaque property and the North Zones of the Lamaque South property, and Figure
18.3 provides an overview of the South sector of the Lamaque South property.
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Figure 18.1 Surface view of the Sigma-Lamaque and Lamaque South properties.
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Figure 18.2 Surface view of the Sigma-Lamaque property.

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Figure 18.3 Surface view of the Lamaque South property.
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18.2.
Surface Electrical Installation and Distribution

The electrical installation and distribution requirements were reviewed following the
acquisition of the Sigma mine infrastructure. The new surface set-up provides
significant savings by using Sigmas existing infrastructure, thereby eliminating the
need to erect new service buildings for the North Zones. Bringing power to the South
Zones would be done by building a new 25kV overhead transmission line from the
Sigma site.
18.3.
Site Access
The Lamaque Project is located within 3 km of Val-dOr, a mining community of over
35,000 people that benefits from world-class infrastructure. In addition to its
considerable physical infrastructure, there is a high level of underground mining
expertise readily available in the Val-dOr region.
The infrastructure of the Sigma-Lamaque Complex will be used as the base for
operations. Integra Golds current office located along Trans-Canada Highway is not
considered in the revised PEA.
The plan as outlined in the PEA will have minimal impact on the community as there
are no homes, businesses or other infrastructure where the proposed mining will
take place.
18.4.
Camp
No permanent or temporary camp is included. Given the proximity to Val-dOr,
special transportation arrangements are not necessary for the workers.
18.5.
Mine Site Entrance/Guardhouse

Most visitors, contractors, delivery personnel and mine personnel will go through a
main entrance located on the Sigma site. The existing guard house is fully functional.
Anyone entering the site will do so only after being authorized by security personnel.
A fenced-in parking lot is already serviced with electric outlets to plug in vehicles
during cold weather.
A small guard house will be installed at the South Zones, and both underground and
supervision personnel will use it on a daily basis. Anyone entering the site will do so
only after being authorized by security personnel. A parking lot with electric outlets to
plug in vehicles during cold weather will be installed.
18.6.
Office Building and Dry Complex

Existing installations at the Sigma-Lamaque Complex will serve as offices for
administration, engineering and geology. Some work will be required to refurbish
these buildings. The existing dry at the Sigma-Lamaque Complex will require
improvements to be fully functional. A modular installation is planned for the South
Zones to serve as an independent office and dry installation.
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18.7.
Service Buildings
The existing garage and stock room at the Sigma-Lamaque Complex will be used for
equipment maintenance (mechanical and electrical). This building will also provide
the offices needed for the maintenance supervisor and the buying department.
A secondary garage and a cold storage will be erected on a cement pad at the South
Zones.
18.8.
Site Roads
A service road providing access to various parts of the property will be built, and
services (electric lines, water lines (for potable, used and dewatering water) and
natural gas lines) will be installed along the road.
18.9.
Compressor Building
All compressors will be installed on surface in secondary garages at the North and
South Zones surface areas.
18.10.
Fuel Storage
Diesel and gas stations are already present at the Sigma-Lamaque Complex to
service small vehicles. Diesel fuel for the mine equipment and vehicles will be stored
in 28,000-litre (7,500 US gal.) above-ground tanks. One will be installed in the Sigma
pit for the North Zones, a second one at the South Zones, and a third one on surface
near the main garage at the Sigma-Lamaque Complex.
18.11.
Site Fencing
The Sigma-Lamaque Complex is already fenced and has a guard house. An
automatic gate will be installed to secure the new internal road between the South
Zones and the Sigma site. At the South Zones, a 100-metre fence will be installed on
each side of the main entrance with an automatic gate.
18.12.
Water Systems
The Sigma-Lamaque Complex is already connected to the Val-dOr potable water
network. The South Zones will be connected to the Val-dOr potable water network
via a 2.5-km private line.
18.13.
Communication System
The Sigma-Lamaque Complex is connected to the public telephone service and
internet.
A new IP telephone network will be installed at the Sigma-Lamaque Complex, and at
the South Zones.
The communication between buildings will use monomode optic fiber. To allow
employees to have wireless access, a network access point (WI-FI Unifi AP Pro) will
be installed in each of the buildings to permit cellular and computer connections.
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The surface radio system consists primarily of channels with local short-distance
coverage or extended coverage. The following channels are planned for the site:
18.14.
security/emergency;
surface operations;
general and maintenance (mechanical/electrical/housekeeping/etc.);
underground operations (underground link with surface).
Sewage
The Sigma-Lamaque Complex is connected to Val-dOr services. The South Zones
will be connected to the Val-dOr sewage water network via a 2.5-km private line.
18.15.
Water Treatment Plant and Settling Pond

For the Sigma-Lamaque Complex, it is estimated that the dewatering requirement to
keep the mine dry is 3,000 m3/day. At the present time, water is being pumped to the
tailings and settling ponds. There is no specific ongoing treatment, except sufficient
settling time to meet existing regulations at the final effluent discharge point.
The dewatering rate during mine operation is based on infiltration and water
consumption from underground industrial used. For both ramps,, it is estimated at
300 m3/day in year 1 and will increase up to 1800 m3/day in year 4. The portion of the
water related to infiltration inflow represents about 45% of the pumped water.
On the South Zones, all underground water will be treated by adding environmentally
safe polymers in a dedicated sump to allow clear water to be pumped to Sigma. The
sump will be cleaned on a regular basis, and the sediments will be disposed
according to regulations.
18.16.
Mineralized Material Stockpile

A mineralized material stockpile will be erected in the Sigma pit for the material
hauled from the North Zones. The mineralized material will be re-handled using
surface trucks, to be transported to an ore pile located near the mills crushing
facility. Another mineralized stockpile is planned near the South Ramp entrance. The
proposed stockpiles will have a capacity of about 15,000 tonnes. The planned
capacity will allow low-grade material to be resampled if required. The mineralized
material will be transported on a daily basis to the mineralized material pile located
near the mills crushing facility.
The mineralized material stockpile is a non-permanent infrastructure. At the end of
mine life, it should be completely depleted so that the land may be returned to its
initial appearance as part of the mine closure plan.
18.17.
Waste Stockpile
Waste stockpiles will serve as permanent storage infrastructure for the waste rock
extracted from the underground mines. They will be erected near each entrance of
the mine, as close as possible to the underground portal in order to benefit from the
following advantages:
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shortened haulage distance, which will reduce operating costs; and

decreased environmental impact by reducing on-site haul road
construction.
For the North Zones, the waste pile will cover about 25,000 m2 and will be located at
the bottom of the Sigma pit, close to the portal. At the South Zones, it will cover
30,000 m2. Depending on the results of the geochemical characterization, it should
be possible to sell waste material on the local market to serve as construction
material.
18.18.
Overburden Stockpile
An overburden stockpile is planned at the South Zones to store approximately
2,000 m3 that will be generated from the portal excavation. The material will be used
for mine site reclamation work. The ramp entrances and escape manways have
been located to minimize overburden displacement.
18.19.
Tailings Storage Facility and Water Management

The current tailings impoundment is located in the North sector of the Sigma mine,
immediately north of the open pit and railway. The tailings impoundment is
composed of four cells: B-1, B-2, B-4, and B-9 (Fig. 18.4). The main structures
include:
the West dyke;

the South dyke;
the North dyke;
the East dyke;
middle dykes 1, 2 and 3;
emergency spillways;
peripheral ditches;
a recirculation pond and a polishing pond.
The recirculation pond and the polishing pond are located to the east of the four
major cells. Water is collected inside the cells and then channeled by gravity to the
ponds via ditches. Seepage and runoff water are also collected by peripheral ditches
around the four cells, and channeled by ditches to the ponds. The tailings
impoundment stores silty tailings that are non-acid generating, but are contaminated
with cyanide. Therefore, the water collected is treated for cyanide in the recirculation
pond and the polishing pond using natural degradation processes, including ultraviolet (UV) degradation of cyanide from natural daylight.
The dykes of the tailings impoundment were originally built and raised periodically
with tailings. At the cessation of mining operations by Century Mining Corporation,
tailings deposition was within cells B-1 and B-2, while the B-4 and B-9 cells were
used only for storage of excess water. No tailings have been disposed within the
tailings impoundment since the suspension of operations in May 2012. Currently, two
cells out of four (cells B-4 and B-9) are full.
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The cells will have to manage the tailings produced by the mine during the operation
period. Thus, in order to store the required tailings volumes, some cells must be
raised.
Figure 18.4 View of the existing tailings impoundments at the Sigma mine
18.20.
Project Implementation Schedule

Compared to the previous PEA, the pre-production period has been reduced from 24
months to 18, primarily by using existing surface and underground infrastructures
that allow the Parallel Zone to be developed in a shorter amount of time.
Also, most of the required permits are already in place for the acquired property, and
the majority have now been transferred into Integra Gold's name.
The pre-production is anticipated to take 1.5 years including a construction period of
3 months. During that period, Sigma mill refurbishing work will start, as well as
upgrade work on the existing building for the dry, offices and garage. The portal
restoration work will start early in Q1 of Year -1 of pre-production, allowing 150 m of
ramp to be advanced in that first quarter.
The construction work for the South Zones will begin in Q1 of Year -1 with the portal
excavation, access roads, electric line, water lines, gas lines, modular building
installation, secondary garage and quad trail relocation. The advancement in the
ramp will start in Q2 of Year -1. Apart from the mill refurbishing cost, the majority of
the pre-production expenses will be for ramp development and for sufficient
development of mineralized zones or working faces, so that mining may be
conducted at the proposed mining rate and mill throughput.
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The mill will be operational in Q2 of Year 0; any mineralized material excavated prior
to that period will be custom-milled at a local facility.
18.21.
All-Terrain Vehicule Trail

Two all-terrain vehicle (ATV) trails will be relocated due to their proximity to
infrastructure and the associated risks. Trails to the east and south of the property
will be relocated approximately 1 km from their current location. Abandoned trails will
not be revegetated as the land will allow rapid natural recovery of the vegetation.
Trenches will be dug at the access points to deter trespassing.
New trails will be made of waste rock or gravel, and will be approximately 5 km
(south trail) and 3.5 km long (east trail), by 6 m wide. Where possible, the route uses
abandoned logging roads and trails, which will limit the reconstruction costs.
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19.
MARKET STUDIES AND CONTRACTS

19.1.
Market Studies
Markets for dor are readily available and the dor bars produced from Lamaque
Project could be sold on the spot market. Gold markets are considered mature,
despite a current gold price that is lower than the 3-year trailing average.
19.2.
Contracts
No contracts have been assigned considering the early stage of the Project.
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20.
ENVIRONMENTAL STUDIES,
COMMUNITY IMPACT
PERMITTING,
AND
SOCIAL
OR
20.1.
Regulations and Permitting
20.1.1.
Federal Regulations and Permitting

The first approval required for such a project could be the Environmental Impact
Assessment (EIA). At the federal level, this is dictated by the Canadian
Environmental Assessment Act (CEAA 2012) and the accompanying Regulations
Designating Physical Activities. The regulation specifies that any proposed gold mine
with a production capacity of 600 tonnes per day (600 tpd) or more must carry out an
EIA. The recently introduced Regulations Amending the Regulations Designating
Physical Activities maintain this designation.
Under CEAA (2012), the federal EIA process may defer to a provincial process if the
provincial process is considered to be the equivalent of the federal process, and if
the province so requests in relation to a given project. In such an instance the federal
Minister of Environment will base his decision upon the provincial EIA report.
As a result of the Companys acquisition of the Sigma-Lamaque Mining Complex and
its integration as part of the Lamaque Project, federal regulators and the Canadian
Environmental Assessment Agency consider the Project as an extension of the
Sigma property rather than a new application. As a result, the Company will apply for
an amendment to the EIA previously conducted for the Sigma mine and thus will not
be required to conduct a new federal EIA.
The federal Fisheries Act has been amended and came into force on November 25,
2013. A major change in the Act relates to the categories of waters to which it
applies, these waters now being limited to those supporting commercial, recreational
or Aboriginal fisheries. The old Policy for the Management of Fish Habitat has been
replaced by a new Fisheries Protection Policy Statement. The waters located on the
Lamaque Project do not directly support a commercial, recreational or Aboriginal
fishery, nor do the fish species indicated during the baseline survey performed on
the Lamaque South property contribute to the ongoing productivity of such a fishery.
Therefore, the fishery and habitat protection aspects of the amended federal
Fisheries Act will not apply to this Project.
However, the Metal Mining Effluent Regulations (MMER) will apply in some form.
These regulations, written under the auspices of the federal Fisheries Act and
administered by Environment Canada, are currently under review. All aspects are
being considered, including the lowering of regulated effluent limits of specified
substances, the addition of new substances and their limits, the Environmental
Effects Monitoring (EEM) requirements, the acute lethality tests, and consideration
of selenium. The intent of the review is also to extend the scope of the regulations to
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include coal and diamond mines (which will require a re-naming of the regulations).
The schedule for the amended regulations coming into effect is uncertain; multistakeholder consultations are underway and are expected to extend into 2015, after
which it will be up to the Minister of Environment to decide upon the publication of
the final amendments in the Canada Gazette.
20.1.2.
Provincial Regulations and Permitting

Environmental Quality Act:
Key provincial permits will be required during the construction and operation of the
mine.
The Ministry of Sustainable Development, Environment, and the Fight against
Climate Change (known as the MDDELCC: Ministre du Dveloppement durable,
de lEnvironnement et de la Lutte contre les changements climatiques) is the
Qubec entity responsible for environmental protection and the conservation of
biodiversity to improve the environmental quality of life.
This department is responsible for the control and enforcement of laws and
regulations concerning environmental protection, including the analysis of requests
for authorizations and for permits. The department also works at the level of laws
and regulations for the prevention or reduction of the contamination of water, air, and
soil, drinking water quality, combating climate change, as well as conserving and
protecting wildlife and its habitats. It is also the lead agency for the environmental
assessment of projects and environmental issues, as is the case for impact studies.
The Environment Quality Act (EQA) of Qubec is divided into two chapters. Chapter
I sets out provisions of general application, while Chapter II outlines the particular
provisions of James Bay and Northern Qubec covered by the James Bay and
Northern Qubec Agreement. The Lamaque Project is located south of the James
Bay territory so that only Chapter I is of interest for the Project.
certificates of authorization or authorizations are articles 22 (general case),
article 31.1 (environmental impact assessment studies), article 32 (drinking water
and domestic wastewater), and article 48 (atmospheric emissions). As well, now that
the overall Project encompasses the Sigma-Lamaque Mining Complex (a processing
plant comprising a waste rock storage area, a tailings impoundment area and
associated water treatment facility), the Company will be subject to a de-pollution
attestation under article 31.11 of the EQA.
The application to the MDDELCC for this certificate of authorization will be
accompanied by sufficiently comprehensive studies to address the requirements of
Directive 019 applicable to the Mining Industry. Directive 019 addresses the Qubec
requirements with respect to all phases of the development, operation and closure of
a mine. It is a comprehensive document including, amongst other factors, such
environmental issues as water management and effluent limits, protection of
groundwater, noise and vibration, waste rock and tailings management, atmospheric
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emissions, hazardous materials management, site restoration, and follow-up

environmental monitoring. It also requires a description of the natural and human
receiving environments of the mine, potential mitigating measures to reduce
environmental effects, and possible compensation processes.
approvals and leases from both the Ministry of Natural Resources (MERN:
Ministre de lnergie et des Ressources naturelles) and the MDDELCC for various
components of the overall project development work, as required. These
applications will be submitted as part of the ongoing process of developing the site,
and should therefore not impact the Project critical path schedule. These may
include the following:
Management of the overburden material to be reused at closure stage;

Stripping work that could result in disrupting the soil, water or hydraulic
regime;
Bulk sampling;
Electric substation if more than 120kv;
Treatment of mine waste water;
Sinking of ramps and shafts;
Dewatering and dry maintenance;
Storage of hazardous materials;
High-risk petroleum products containment installation and/or oil separators;
Ore and waste rock storage;
Underground backfill;
Borrow pits or quarry;
Atmospheric emissions purification devices; and
Site restoration.
The established fees to be submitted to the government agency with the

applications for these various permits/approvals are normally between $1,000 and
$5,000 for each of the requests.
Mining Act and associated regulations:
In December 2013, the Qubec government passed an amendment to update the

existing Mining Act, thereby reflecting new realities. A key environmental
consideration amongst these amendments is that all projects (except rare earth
minerals) with a production capacity of 2,000 tpd or more will now be subject to an
EIA and a public hearing under the Bureau daudiences publiques sur
lenvironnement (BAPE) process. Proponents of smaller projects, while being
exempt from the formal EIA and BAPE processes, will be responsible for their own
stakeholder consultations. So considering the actual planned level of production of
1,300 tpd, the Lamaque Project will not have to conduct a provincial EIA.
They were also other significant amendments of an environmental or socioeconomic nature implemented. A specific First Nations consultation policy is to be
developed by the Qubec government, and the bill prohibits the expropriation of
aboriginal burial grounds. The bill also gives regional county municipalities the right
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to designate portions of their lands as "incompatible" with mining activity, or subject

to specified conditions, in their land use and development plans, thereby
empowering a host of third parties to trump the responsible provincial agencies. The
Minister will not have the power to request that regional county municipalities make
changes to their plans.
approved by the MERN and a CofA is issued in accordance with the EQA. It must be
accompanied by a security deposit of 100% of the estimated cost of implementation
(the previous deposit being 70%). Rehabilitation and restoration work must begin
within three years after operations cease, unless the Minister authorizes an
extension.
Approximately 80% of the Companys Lamaque Project (including the Parallel and
Fortune Zones) and 100% of the land recently acquired through the acquisition of the
Sigma-Lamaque Mining Complex are mining leases, not exploration claims, and
therefore do not need to be converted into leases.
North Zones
As a result of the Companys acquisition of the Sigma-Lamaque Mining Complex,

amendments to the existing provincial permits in place at the Sigma-Lamaque
Mining Complex will be sufficient to authorize the production activities in the North
Zones (Parallel and Fortune Zones) which simplifies the permitting process.
The development of the North Zones will require provincial authorizations in the form
of Certificates of Authorizations (CA). They will be obtained through both new
applications and modifications and amendments to CAs already in place.
South Zones
New CAs will be required for certain parts of the project, specifically for the
development of the South Ramp. As the contemplated development scenario starts
with the North Zones, the Company believes it will be able to concurrently put in
place any permits required for work in the South Zone, thereby having limited impact
on the overall development timeline. At this time the documentation to support the
permitting process for an underground exploration program of the South Ramp has
been submitted to provincial authorities. The analysis period is 90 days and
complementary information can be requested by the authorities to finalize the
analysis in order to obtain a Certificate of Authorization. To support production at the
South Ramp, a new authorization process and a mining lease will be required, and
work will be done in 2015 to generate the technical information required to obtain the
required authorization.
The environmental baseline study, as described in the section below, may also
support various other applications for approval, as well as provide important input to a
closure plan.
As mentioned before, there now exists the potential for earlier development as a
result of the significant provincial and federal permitting hurdles which have been
overcome with the acquisition of the Sigma-Lamaque Mining Complex.
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20.2.
Environmental Baseline Study Lamaque South Property

An environmental baseline study of the Lamaque South property was undertaken
on behalf of Integra Gold by Amec Foster Wheeler Environment & Infrastructure in
2013. The study reviewed available information across a number of disciplines,
including geology and soils, hydrogeology, hydrology, air quality and noise, flora
and fauna, socio- economic setting, and archaeology.
The Lamaque South property is located in the Superior Province and Abitibi
Subprovince of, near the Cadillac Deformation Zone. This region is known as s
greenstone belt, due to the degree of rock deformation and metamorphism forming
greenschist facies. The area around Cadillac, Malartic and Val-dOr hosted many
operating mines in the past.
The on-site surficial deposits are mostly of glacial origin, but the northern portion of
the Lamaque South property is occupied by a tailings impoundment area, the
result of earlier mining of a portion of the overall site. Surficial deposits in the other
portions of the property include: glacial lake deposits (e.g., mostly stratified sand
and silt), marsh deposits (e.g., organic), glaciofluvial deposits (e.g., sand and gravel
esker) and glacial deposits (e.g., till).
The Abitibi region is known for the quality and quantity of groundwater contained in
its eskers. The Lamaque South property is partially located within the urban limits
of Val- dOr, where the aquifer potential appears average. Val-d'Or uses the
water contained in Harricanas interlobate moraine for its drinking water supply. This
aquifer, which crosses Val-dOr along a north-south axis, has branches that run
adjacent to the Lamaque property (depending on the map of surface deposits
consulted). This proximity should be the subject of further study, given the potential
impact of a hydraulic connection between the groundwater contained in the moraine
and this property, particularly with respect to mine dewatering. Nevertheless, it
should be noted that when the earlier Sigma and adjacent Lamaque mines were
in operation, no concern was identified concerning the towns water supply.
Sampling and analysis of groundwater from eight exploration boreholes indicated
that several constituents exceeded both provincial and federal standards, suggesting
that mine water would require treatment prior to discharge to the receiving
environment.
The Lamaque South property is located within a large watershed of approximately
710 ha, drained by a minor unnamed stream. The stream is typical of wetland
regions with thick aquatic vegetation lining the shores, varying widths and depths,
and a bed composed of a mixture of organic material and small stones. The area
experiences frequent precipitation events; on average, it receives 914 mm of
precipitation, of which about 314 mm falls as snow. Under extreme conditions, the
stream draining the property can be expected to collect a peak flow reaching 8 m3/s
for a 1-in-100 year rain event.
The Abitibi-Tmiscamingue region of western Qubec experiences a sub-Arctic,
humid continental climate which is characterized by short warm summers and long,
cold, snowy winters. No ambient air quality measurements were available for the
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property or in close proximity to it. Regional National Air Pollution Surveillance

stations (55 km to the northeast, 94 km to the west) indicated that ozone and PM2.5
exceeded, at times, provincial and/or federal standards, while SO2 was at
acceptable levels. A dispersion model of the projected emissions from the
Canadian Malartic mine (Genivar, 2008), some 30 km from the property, indicated
that only PM2.5 demonstrated slight exceedances of provincial standards. The only
greenhouse gas (GHG) emitter registered around the Project site was the Canadian
Malartic mine in 2011. These emissions constituted 0.1% of the total provincial
emissions, and projected GHG emissions from Integra Golds Lamaque Project
are expected to be significantly lower.
The majority of the Lamaque South property is characterized by organic deposits
of variable thickness generally concentrated in low-lying areas. The southern part
of the study area is characterized by a mixture of terrestrial and wetland
ecosystems. Many wetlands are present on the edge of the tailings impoundment
area and they occupy about 50% of the study area. Wetland ecosystems are
protected under provincial legislation, and authorization is required prior to their
disturbance. Some logging is also present. No at risk plant species were observed
on this property, and no exceptional forest ecosystem was identified. Finally, no
wildlife habitats, as described in the provincial Regulation respecting Wildlife
Habitats, are present on the property. Woodland caribou, a vulnerable species in
Qubec, frequent a so-called buffer zone some 5 km from the Lamaque South
property. The presence of 12 mammal species was identified, including four bat
species, of which two are considered endangered, but are provided no legal
protection under provincial legislation. Of the 91 bird species identified on this
property, three species at risk have been identified: these are also not provided
with legal protection. Two species of snakes and five species of amphibians were
also observed. None of these species present an impediment to the development
of the Lamaque South property, as long as certain mitigation measures are
observed. One stream, with two tributaries arising from wetlands on the property,
provides habitat for six species of fish and nine taxa of benthic invertebrates. None
of the fish species are exploited by commercial, recreational or Aboriginal fisheries.
Surface water quality analyses indicated levels exceeding provincial and/or federal
criteria for some substances, indicating possible contamination from the old tailings
(the former Lamaque (Teck) tailings impoundment). Sediment samples also
suggested possible contamination from previous gold mining efforts, and were
categorized as probable effect concentration in terms of protection of aquatic life.
20.3.
Environmental Effects Monitoring Studies conducted at the Sigma-Lamaque

Mining Complex
of the Metal Mining Effluent Regulations (MMER) under the Fisheries Act of Canada,
were conducted in 2004, 2007 and 2012 at the Sigma-Lamaque Mining Complex by
Century Mining Corporation, the former owner. These studies include the following
various components: effluent characterization, sub-lethal toxicity testing, water
quality monitoring, and biological monitoring (fish and benthic communities). As per
the requirements of the MMERs, these various components are to be examined with
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varying frequencies, depending on the component as well as the history of the

results obtained.
The three existing studies (covering the first, second and fourth cycles of MMERrequired monitoring) only partially respond to the requirements of the MMER. It is
clear from these reports, and the apparent absence of a report addressing the third
cycle of the required EEM studies, that this site has not been in compliance with the
MMERs in terms of frequency of various designated investigations. It is equally clear
that based on the data collected on surface water quality, various parameters
surpass certain federal as well as provincial criteria (aluminum, copper, iron, and
cyanide). As well, there are indications in the reports that there has been possible
development of abnormalities in resident fish. Finally, although not required by the
MMERs, limited sampling of sediments has indicated contamination with copper in
excess of Qubec MDDELCC criteria.
In the future, compliance with sampling frequencies of effluent, surface water, and
sub-lethal toxicity testing as specified in Schedule 5 of the MMER will be maintained
by Integra Gold. Also, given the lack of uniformity in sampling procedures as
demonstrated in the existing reports, a thorough effluent and receiving water
sampling program will be established, as well as one addressing sediments, in order
to establish a solid baseline for the future. EEM study procedures indicate that
biological monitoring is to be conducted at most every three years if effects on fish
and benthos are noted, or every six years if no effects were noted in the previous
two studies. As some effects have been noted, it is highly likely that another study
will be required by June 2016 at the latest.
20.4.
Tailings Impoundment Area

The Sigma tailings impoundment is located in the northern sector of the Sigma mine,
immediately north of the open pit and railway (as shown in Fig. 18.4). The tailings
impoundment is made up of four separate cells: B-1, B-2, B-4, and B-9. A
recirculation pond and a polishing pond are located to the east of those four cells.
Currently, two of the four cells are full.
The elevation of the existing dikes containing cells B-1, B-4, and B-9 is 320.00 m,
while the elevation of the existing dikes containing cell B-2 is 318.50 m. B-4 and B-9
are currently at maximum tailings storage capacity, B-2 is near maximum tailings
storage capacity, and B-1 has available remaining storage volume. The cells will
have to manage the tailings produced by the mine over the next five years (Years 2
to 6), or the equivalent of approximately 4.5 years of full production. This data is
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Table 20.1 Five-year tailings production volumes to be stored in tailings

impoundment
Year
Tonnes Produced (t)
Volume Produced
(m) 1
-1: pre-production 2
0: pre-production 2
230,720
170,904
441,500
327,037
423,200
313,481
524,400
388,444
414,200
306,815
2,029,420
1,503,275
Grand Total
Notes:
(1) The conversion ratio from tonnes to volume for hydraulically placed tailings is 1.35 metric ton per
cubic meter;
(2) Deposition in Year -1 and Q1 of Year 0 is excluded from the table. The ore will be treated via custom
milling.
raising two cells using tailings as done in the past over the five year operations
period (Years 0 to 4) while managing water as per Directive 019.
The tailings management plan was developed using Muck3D to evaluate the
required raising of the tailings impoundment to store 1.51 Mm3 of tailings.
This assessment uses the following data/assumptions as a baseline for the tailings
impoundment:
Topographic data taken from LIDAR photo dated June 2014;

No bathymetry is available for the impoundment, therefore water volumes are
not considered in the assessment;
The following recommendations in the Journeaux, Bdard & assoc. inc.
report Note technique Rehaussement parc rsidus Mine Sigma
(S-07-2018-27-Fvrier) are used for this preliminary assessment:
o The final elevation of B-1 and B-2 must be limited to 320.14 m (5008 ft);
o Cells B-4 and B-9 do not currently respect the minimum required safety
factor for stability. A berm 15.25 m wide must be placed on the
downstream area of B-4 and B-9 to increase the safety factors on the
dikes;
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o A downstream berm 21.3 m wide by 3.05 m high, with a slope of 3H:1V,

would allow for B-4 and B-9 to be raised to 323.19 m;
o A downstream berm 44.2 m wide by 6.1 m high, with a slope of 3H:1V,
would allow for B-4 and B-9 to be raised to 326.84 m.
Peripheral dikes will be raised with tailings;

Internal dikes will be raised with tailings and protected with rock;
Peripheral dikes will have 3H:1V downstream slope and 2H:1V upstream
slope;
Dike crests will be 4.57 m (15 feet) wide.
This assessment uses the following data/assumptions as a baseline for the tailings
characteristics:
The tailings deposition slope is assumed to be 0.5%, as typically observed in

gold mines;
As an aggressive deposition strategy was chosen for this assessment, the
minimum freeboard between the tailings beach and dike crest is 0.5m.
This assessment uses the following data/assumptions as a baseline for the water
management criteria:
It is assumed that the construction work outlined in this preliminary

assessment will not affect the site-wide water management criteria to satisfy
Directive 019.
It is understood that the recirculation and polishing ponds are the main water
retention structures for the management of the Directive 019 spring flood.
It is assumed that these ponds have the required capacity to store the
Directive 019 flood without spilling. No raising of these ponds is expected,
and it is not included in this preliminary assessment.
The operational strategy simulated in Muck3D is to progress the tailings deposition

from east to west, consequently pushing water (from tailings slurry and natural
runoff) westward to B-2. By operating in this manner, water will have an increased
residence time for sedimentation purposes before arriving at the recirculation /
polishing ponds. With this strategy in mind, the deposition plan (and associated
dike/cell raises) must be implemented and sequenced in a way to avoid the
obstruction of the water flow.
Based on the tailings and water management strategies above, Figure 20.1 presents
the deposition plan along with construction completed at the end of Year 4,
according to Table 20.1.
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Figure 20.1 Sigma tailings impoundment at end of Year 4
The five-year plan presented will allow the tailings impoundment to operate for
five years from Year 0 to Year 4. This will be achieved by raising B-2 and B-9, and
incorporating the east to west deposition and water management strategies.
The limitations of this preliminary cost assessment and operational planning are:
lack of recent geotechnical data;

lack of bathymetry data.
Furthermore, in order to advance the PEA to the next stage, a geotechnical

investigation for the tailings impoundments is required. Following this investigation,
stability, seepage and settlement analyses will be performed in order to confirm
baseline data and establish design criteria. In particular, the stability of the railway
will be validated considering the proposed raising or berm construction.
In conjunction with this work, the site water balance must be updated to ensure:
compliance with Directive 019; and

an appropriate water treatment strategy, and determine whether any
subsequent pond raises are required.
An updated cost estimate and execution schedule will be prepared following the
geotechnical investigation and engineering phases. Geotechnical investigation,
design, preparation of plans, construction QA/QC and construction costs to cover
planned production are included in capital expenses of the PEA.
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Additional capacity beyond the current life of the mine, established at 4.5 years
equivalent of full production, can be achieved by further raising the dykes. The
objective of the geotechnical investigation will be to validate such scenario. A new
tailings management facility could also be constructed for long term use in an area of
undeveloped ground, north of the existing tailings impoundment area. The option of
using tailings to backfill stopes as an additional option to extend the tailings
deposition capacity will also be evaluated.
20.5.
Operations
The tailings facility being considered has already been constructed on the SigmaLamaque Mining Complex, and only minor upgrades are required prior to its use for
tailings storage by the Company. The Sigma tailings impoundment area is made up
of four cells. Currently, two of the four cells are full. Upgrades will be required to
increase the tailings pond capacity. A geotechnical investigation is required given the
lack of recent geotechnical data and the necessity of performing stability, seepage
and settlement analyses to confirm baseline data and establish design criteria.
20.5.1.
Tailings Management
Currently, there is sufficient capacity in the remaining two cells of the Sigma tailings
impoundment for approximately 1.25 years of tailings storage without requiring
further raising or expansion of the tailings impoundment based on several deposition
scenarios, as discussed in a previous section. An estimated 3.3 years of life can also
be added by raising two cells using tailings.
For Year -1 and Q1 of Year 0 (pre-production years), the plan is to transport the ore
off-site for treatment. Ore will be treated to an existing processing facility where
tailings will be managed. However, for Q2 of Year 0 to the end of Year 4, an
estimated volume of 1,503,275 m3 will be stored on-site in the Sigma-Lamaque
tailings impoundment.
20.5.2.
Waste Rock Management

For the North Zone, waste rock will be stored in the existing Sigma Pit, while the
waste rock from the South Zone will be disposed of on-site in a dedicated storage
pile, with control and capture of run-off from the waste rock for treatment if required
prior to discharge to the environment. The management strategy currently considers
pumping the water, including dewatered water, from the South Zone into the North
Zone where it will be repumped from underground to surface.
20.5.3.
Mine Water & Process Water Treatment

Mine and process water will require treatment prior to discharge to the receiving
environment. This treatment will be conducted via the use of Sigma ponds
(recirculation pond and polishing pond) that are part of the Sigma tailings
impoundment. Cyanide from the process water will be pre-treated before being
pumped into the tailings impoundment.
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20.5.4.
Site Drainage
Finally, the overall site drainage will require a management plan to ensure there is
no contamination of any water flow resulting from its contact with process water,
the on-site transportation network (including vehicle fueling stations), waste rock
disposal piles, on-site ore stockpiles, and other work areas.
At the operational phase of the Project, the outfalls of wastewater treatment systems
and any other water discharged to the receiving environment will need to be
monitored in keeping with the requirements of the federal MMER and the provinces
Directive 019, to ensure that concentrations of specified contaminants are in
compliance with acceptable levels. In addition, EEM will need to be conducted,
again in keeping with the requirements of the MMER. These regulations are
currently under review.
A targeted water quality monitoring program will be developed as an integral part of
the mine closure plan and the site reclamation plan. It will be consistent with the
requirements of the MMER and Directive 019. This program will be intended to
demonstrate the effectiveness of the implemented closure and reclamation
measures in preventing any contamination from the mine and disposal area workings
from moving into the surrounding environment. The program will concentrate on the
receiving waters of both the Lamaque South property and the Sigma-Lamaque
Mining Complex, and will encompass both upstream (control) and downstream
sampling stations of those areas which conceivably could contribute some form of
contaminant should the closure and reclamation measures be to some degree
lacking in effectiveness. The program will be implemented over a minimum period of
five years following reclamation.
20.6.
Reclamation
Where selected exploration work has been conducted on land, as per Article 108 of
the Regulation respecting Mineral Substances other than Petroleum, Natural Gas
and Brine (M-13.1, r.2), a rehabilitation and restoration of the land is required
under Article 232.1 of the Mining Act (M-13.1 A).
Several of the designated activities are likely to apply to the Project site, including:
Any excavation for the purpose of mining exploration, involving any of the
following elements:
o The movement of 1000 m3 or more of unconsolidated deposits;
o Rock stripping or the movement of unconsolidated deposits covering an
area of more than10,000 m2;
o The extraction or movement of mineral substances for geological or
geochemical sampling in amounts of 500 metric tonnes or more.
Any work carried out in respect of material deposited in accumulation areas,

in particular either of the following:
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o Drilling;
o The excavation, movement or sampling of accumulated material or cover
material.
Any underground work related to mining exploration, in particular one of the

following:
o
o
o
o
The sinking of access ramps and shafts, and any other excavation;
The dewatering of mine shafts and keeping of excavations dry;
The restoration of worksites or other underground works;
The hoisting of mineral substances to the surface.
The preparation of accumulation areas for the activities referred to above.
A plan for rehabilitation and restoration will be submitted to the MERN in order
to obtain authorization for any of the exploration or development work mentioned
above. This plan must be prepared according to the Guidelines for preparing a
mining site rehabilitation plan and general mining site rehabilitation requirements
(1997). The plan must be reviewed every five years, but significant changes to
the Project might also trigger the need for update, at the request of MERN.
Since August 2013 (Decree 838-2013), the financial guarantee must cover the full
costs (100%) of the site restoration plan, and it must accompany the submission of
that restoration plan. Recent regulatory changes also imply that the restoration plan
can no longer be simply "submitted" but must be "approved" by the MERN
before receiving authorization for the work referred to above.
Overburden will be kept in a proper storage area to be used at the end of the mines
life for recapping and rehabilitation work. The organic portion of the material will be
segregated from the lower soil horizons. The storage of these materials will require a
governmental authorization.
Rehabilitation and restoration will form a major part of the closure plan. Buildings and
other infrastructure will be dismantled and demolished at the end of mining activities.
Management of dismantled materials will be done in compliance with the Guide des
bonnes pratiques sur la gestion des matriaux de dmantlement, published by the
MDDELCC. Non-hazardous residual materials will be managed by disposal at
approved landfill sites nearby.
The impacted area will then be managed in keeping with the requirements of the
EQA and backfilled or leveled with overburden and top soils to re-establish
vegetation on the site. A natural water regime will be re-established on the site.
The EQA requires, from Appendix III of the Regulation for the Protection and
Rehabilitation of Lands (RPRL), that an Environmental Site Assessment (Phases I
and II) is performed in the six months following the cessation of activities. Should
any identified contaminants exceed the limits stated in Appendix II of the RPRL, a
rehabilitation plan would have to be submitted to the MDDELCC. Following its
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approval, the Company would have to conduct rehabilitation works in compliance

with the plan and in a manner compatible with future site utilization.
Waste rock piles are generally considered safe for the long term. Integra Gold will
investigate the possibility of reutilizing the material for backfilling of galleries, or the
Company might choose to use it for its civil needs at surface, or to offer the material
to local entrepreneurs for civil works and thus reduce the use of borrow-pit material
for construction.
20.6.1.
Monitoring Program after Closure

A monitoring program following site closure will be conducted periodically for the
evaluation of the integrity of e x i s t i n g structures. This will consist of visual
inspections of any dikes (including the Sigma tailings impoundment area), waste
rock piles, crown pillars and any anomalies that could jeopardize stability. Particular
attention will be paid to water exit points to note any signs of erosion. Visits will be
made once a year.
An environmental monitoring program will be conducted during post-mining and
post-restoration periods. It is expected that post-mining period for Lamaque South
property will be 1 year compared to an estimated period of 3 years for the SigmaLamaque Mining Complex.
For Lamaque South property, there should be no effluent following the end of
activities, and thus no post-closure effluent monitoring is planned. At the SigmaLamaque Mining Complex, an environmental follow-up of the mine effluent (exit of
the decantation pond) and of the runoff water/pit is planned for a period of 5 years.
After such a period, the abandonment by the Company of the environmental
monitoring program could be possible under certain conditions, including if the
results of the monitoring program fulfil the requirements of Qubecs Directive 019.
Agronomic monitoring will be undertaken after closure for both sites, in the areas of
waste rock piles, tailings impoundment, buildings and other facility footprints. This
program will consist of annual visits and will focus on an assessment of the
percentage of vegetation recovery in selected sample plots and, if required,
recommendations regarding amendments (fertilization and reseeding) to be applied
to specific areas. It is expected that the vegetation will become self-sustaining after
two or three years.
For the Sigma-Lamaque Mining Complex, the reclamation costs had been estimated
at $C7.7M, including the mill and tailings facilities. Details are shown in Table 20.2.
Reclamation costs for the South Ramp (identified as the Lamaque South property
below) are currently evaluated at C$1.1M, a decrease compared to the estimated
amount of C$2.4M (in 2013 dollars) of the previous PEA prior to the acquisition of
the Sigma-Lamaque Mining Complex (see Table 20.3). It should be noted that the
financial guarantee in place for the project is currently C$2.5M. That amount is
related to the acquisition of the Sigma-Lamaque Mining Complex.
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These cost estimates are calculated according to the most recent site plans provided
for the proposed facilities and expressed in 2014 Canadian dollars.
According to the recent modifications to the Mining Act, the government of Qubec
now requires a financial guarantee covering 100% of the estimated cost to carry out
the work in the mining site rehabilitation and restoration plans of the mine operators.
The payment schedule is detailed in the Regulation respecting Mineral Substances
other than Petroleum, Natural Gas and Brine. In addition, rehabilitation and
restoration work must begin within three years after operations cease, unless the
Minister authorizes an extension.
Following site closure, an environmental site assessment will be triggered by article
31.51 of the EQA (Environment Quality Act), because the industrial activities at the
site (NAICS code: Gold and Silver Ore Mining or Processing 21222) are listed in
Schedule III of the Land Protection and Rehabilitation Regulation (Q-2, r.37).
Therefore, a site characterization study is required under a provision of Division
IV.2.1. of Chapter I of the EQA. The environmental site characterization at site
closure will have to be undertaken according to the MDDELCCs provincial guides
and specifications. Estimated costs for such a study appear in two attached tables.
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Table 20.2 Cost estimate for the restoration and financial guarantee for the SigmaLamaque Mining Complex, Integra Gold
Work related to:
Quantity
Unit Cost
Total estimated amount
Financial Guarantee *
in 2014 CAD dollars

1.0
Building and Surface Infrastructure (1)

Sub-total :
2.0
Accumulation Areas - Waste piles

2.1 Recovery with a layer of 40 cm of mine tailings for 24,6 ha
2.2 Re-establishment of vegetation
3.0
9.40 $
9,500 $
924,855 $
233,700 $
1,158,555 $
924,855 $
233,700 $
1,158,555 $
118.0 ha
200,000 $
9,500 $
200,000 $
1,121,000 $
1,321,000 $
200,000 $
1,121,000 $
1,321,000 $
5 yrs
1
7,000 $
500,000 $
5,000 $
100,000 $
7,000 $
500,000 $
25,000 $
100,000 $
632,000 $
7,000 $
500,000 $
25,000 $
100,000 $
632,000 $
Estimate
Estimate
150,000 $
200,000 $
150,000 $
200,000 $
350,000 $
150,000 $
200,000 $
350,000 $
30.7 ha
17,000 $
180,000 $
500,000 $
521,900 $
1,201,900 $
180,000 $
521,900 $
701,900 $
16,800 $
16,000 $
15,000 $
27,000 $
16,800 $
42,000 $
133,600 $
16,800 $
16,000 $
15,000 $
27,000 $
16,800 $
42,000 $
133,600 $
12,000 $
40,000 $
24,000 $
45,000 $
50,000 $
171,000 $
12,000 $
40,000 $
24,000 $
45,000 $
50,000 $
171,000 $
6,068,055 $
5,568,055 $
606,805 $
1,001,229 $
606,805 $
1,001,229 $
7,676,089 $
7,176,089 $
Sub-total :
4.0
Polishing & Recirculation Ponds (15 ha)

4.1 Characterization of sludges (bottom of ponds)
4.2 Conversion into a wetland at mine closure
4.3 Surface water monitoring after conversion
4.4 Volume of contaminated sludges to be disposed of offsite - cost for provision (2)
1,100,000 $
1,100,000 $
98,389 m 3
24.6 ha
Sub-total :
Accumulation Areas - Tailing ponds

3.1 Evacuation of water
3.2 Re-vegetation
1,100,000 $
1,100,000 $
Sub-total :
5.0
Open pit
5.1 Re-vegetation on the edge of the open pit
5.2 Flattening the pit slopes
Sub-total :
6.0
Surface Infrastructure & other areas

6.1 Environmental site investigation (Phase I & II)
6.2 Soil remediation (unknown if required) (3)
30.7 ha
Sub-total :
7.0
8.0
Monitoring Program for post mining - 3 years (4)

7.1 Environmental follow-up of the mine effluent
7.2 Agronomical monitoring (former waste rock piles, tailing ponds)
7.3 Monitoring well installation for groundwater
7.4 Groundwater follow-up for 9 monitoring wells (waste pile & tailing areas, area with surface infrastruct
7.5 Environmental follow-up of runoff water - open pit
7.6 Geotechnical Integrity of structure
Sub-total :
42
2
5
6
21
7
visits
yrs
visits
visits
visits
400 $
8,000 $
3,000 $
4,500 $
800 $
6,000 $
Monitoring Program for post restoration - 5 years (4)

8.1 Environmental follow-up of the mine effluent
8.2 Agronomical monitoring (former waste rock piles, tailing ponds)
8.3 Environmental follow-up of runoff water - open pit
8.4 Groundwater follow-up for 9 monitoring wells (waste pile & tailing areas, area with surface infrastruct
Sub-total :
30
5
30
10
5
visits
yrs
visits
visits
yrs
400 $
8,000 $
800 $
4,500 $
10,000 $
Sub-total of the work subject to the financial guarantee :

9.0
Supervision & contingency

9.1 Supervision (10%) for the work subject to the financial guarantee
9.2 Contingency (15 %)
10%
15%
Total:
General note:
* : Soil remediation costs are currently unknown. This cost is not included in the Restoration costs for the Financial Guarantee.
Area (hectares or squares meters) are based on the 2014 site plan (aerial photo).
Specific notes:
(1) The cost estimate is limited to above-ground buildings. This estimate was provided by Legault Metal inc. to CMC in April 2012. Cost exclusions related to: hazardous waste removal and disposal,
costs related to transporting waste material at licensed facilities if over a 10km radius from the site; cement crushing (to be used as on-site filling). Metal scrap will be reimbursed at 60$/metric ton.
(2) No information exists about the quality of sludges/sediments within the two ponds. This amount is a provision.
(3) No soil remediation estimation costs are required for the Financial Guarantee. No information is currently available about the presence of contaminated soils on site. A provision had been considered ($ 500 000) at mine closure.
(4) Frequency of site visits is according to Directive 019 .
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Table 20.3 Cost Estimate for the restoration and financial guarantee for the Lamaque
South property, Integra Gold
Work related to:
Quantity
Unit
Unit Cost
Total Estimated Amount
Financial Guarantee *
in 2014 CAD dollars

1.0
2.0
3.0
4.0
5.0
6.0
7.0
Buildings and equipments - Lamaque Sud

1.1 Dismantling (including transportation and disposal costs)
unit
250,000 $
250,000 $
2.90
ha
18,000 $
52,200 $
52,200 $
Ore pile - Triangle Zone

3.1 Site sloping & reprofiling (2)
0.4
0.4
ha
ha
12,000 $
8,000 $
4,800 $
3,200 $
4,800 $
3,200 $
Surface Infrastructure - Lamaque Sud

4.1 Environmental Site Investigation (ESA Phase I & II)
4.2 Soil remediation (3)
4.3 Site sloping & reprofiling (2)
1
8.8
8.8
unit
ha
ha
150,000 $
12,000 $
8,000 $
70,000 $
150,000 $
105,600 $
70,400 $
70,000 $
-$
105,600 $
70,400 $
4
3
1
unit
unit
unit
2,000 $
10,000 $
50,000 $
8,000 $
30,000 $
50,000 $
8,000 $
30,000 $
50,000 $
Monitoring Program for post mining - 1 year (4)

6.1 Environmental follow-up of the mine effluent (5)
6.2 Agronomical monitoring
6.3 Groundwater follow-up (6)
21
1
2
4
visit
year
visit
visit
-$
4,000 $
2,600 $
3,000 $
-$
4,000 $
5,200 $
12,000 $
-$
4,000 $
5,200 $
12,000 $
Monitoring Program for post restoration - 5 years (4)

7.1 Environmental follow-up of the mine effluent (5)
7.2 Agronomical monitoring
7.3 Groundwater follow-up (6)
30
5
10
5
visit
year
visit
year
-$
4,000 $
2,600 $
3,000 $
-$
20,000 $
26,000 $
15,000 $
-$
20,000 $
26,000 $
15,000 $
876,400 $
726,400 $
87,640 $
144,606 $
1,108,646 $
72,640 $
119,856 $
918,896 $
Accumulation Areas (waste rock / overburden piles) - Triangle Zone

2.1 Re-establishment of vegetation (1)
Site Safety after closure - Lamaque Sud

5.1 Restrict access (fences, signs), including for roads
5.2 Other safety measures (seal off openings, barricades)
5.3 Barricade for the Triangle Zone Decline
Sub-Total of the work subject to the financial guarantee:

8.0
Supervision & contingency

8.1 Supervision
8.2 Contingency
10%
15%
Total :
Notes:
Lamaque South Property includes: the Service Center, Parallel and Triangle Zones, the surface powder-magazine and the Escape way related to Parallel Zone.
* : Soil remediation costs are currently unknown. This cost is not included in the Restoration costs for the Financial Guarantee.
Specific notes:
(1) For hydroseeding, the average price is in the range of 18 000 to 35 000$/ha.
(2) For the concerned area, transportation & placement costs are estimated at 8$ /m3. A layer of 50cm thick is currently considered.
(3) No soil remediation estimation costs are required for the Financial Guarantee. A provision had been considered ($ 150 000) at mine closure.
(4) Frequency of site visits is according to Directive 019 .
(5) No effluent assumed at site closure.
(6) A total of 5 monitoring wells is considered for the environmental follow-up for Triangle Zone and 1 for the powder-magazine. They will be installed before mine closure.
20.7.
Socio-Economic Setting
An investigation of socio-economic information was carried out for the Lamaque
South property as part of the environmental baseline study referenced above. This
investigation relied solely upon information available in the public domain and did
not collect any primary information.
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The local study zone and the regional study zone considered for the socio-economic
baseline are broader than that typically used for the biophysical baseline studies. As
such, it can be used for both the South Lamaque Property and the Sigma-Lamaque
Mining Complex, now known as the Lamaque Project.
Recently, Integra Gold Corp has put in place a monitoring committee comprised of
20 to 23 members representing most of the stakeholders that have an interest in the
Lamaque Project. Since August 2014, this committee has been meeting on a regular
basis to discuss the socio-economic concerns that the community have regarding
the Lamaque Project. The purpose of this committee is to identify and mitigate socioeconomic effects, as well as to maximize the economical benefits to the community.
The Lamaque Project is located in the Abitibi-Tmiscamingue Administrative region
(08) in the Valle-de-lOr regional county municipality (RCM, or MRC in French).
The Project area falls entirely within the territory of the municipality of Val-dOr.
Responsibility for land use planning is divided between the MERN, the RCM de La
Valle-de-lOr, and the municipality of Val-dOr.
According to the Val-dOr zoning plan, the Lamaque Project is located in an area
zoned as natural resources, within which mining operations are a conforming use.
The northwest portion of the Lamaque Project where no mining operation is planned,
is located within the Val-dOr urban perimeter, a zone mainly designated and used
for residential and commercial purposes, where no extractive or high-impact
industries are permitted. Also, wood harvesting rights are present in the
southeastern portion of the Project.
The Public Land Designation plan of the Abitibi-Tmiscamingue region did not
identify any protected designated zones that are located on or the adjacent land to
the Lamaque Project. Also, no Category I land as per the James Bay and Northern
Qubec Agreement Aboriginal land classifications, and no aboriginal trap lines are
located on the Lamaque Property.
The Project area lies in the Algonquin Anishinabeg Nation Tribal Council land
assertion. The Algonquin-Anishnabe community of Lac-Simon will likely have
interests in the Project.
An Archaeological Potential Study was conducted and revealed no areas of interest
in the proposed mining sector of the Project.
Two sites of historical interest (the Bourlamaque Mining Village and the historical
former Lamaque mine) are located within the Sigma-Lamaque Mining Complex
property that is part of the Lamaque Project. With the integration of the SigmaLamaque Mining Complex and the Lamaque South property, the Forestel Hotel is
now located inside the Lamaque property. Also, the Trans-Qubec network of
snowmobile trails, which is a regional recreational focus area, overlaps with the
southern portion of the Lamaque South property. Operations and truck movements,
as well as vibrations from blasting, could be a major issue for the Forestel Hotel, the
two historical sites, residential areas adjacent to the Project, and snowmobile
track activities.
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Integra Gold has prepared a stakeholder and aboriginal engagement plan in order to
meet all interested parties and identify, address and mitigate any negative social and
economic effects of the Lamaque Project which may be of concern. This plan will
also include the collection of primary information regarding a number of identified
information gaps relating to socio-economic factors and infrastructure facilities in the
area. Integra Gold has a corporate website on which it posts relevant project
information, and it issues periodic news releases.
For the purposes of implementing the stakeholder and aboriginal engagement plan,
the Company has held three public meetings to present the project and gather
concerns. A compilation of the meetings indicates the general concerns are noise,
vibration, traffic circulation, environment protection and visual impact. Dust could
also be a concern.
At this time, the Company has not entered into agreements with any of those
stakeholders.
In the case of a metal mine project where the mine has a production capacity of less
than 2,000 tpd, before submitting an application for a mining lease, an applicant
must hold a public consultation on the project in the region where the project is
situated. In addition, within 30 days following the issue of a mining lease, the lessee
must establish a monitoring committee to foster the involvement of the local
community in the project as a whole. The recent amendments to the Mining Act
require that the MERN make public the rehabilitation and restoration plans, as well
as some other documents and information obtained from the Company for the
purposes of the Act. Such committees will stay in place until the completion of the
lease holders site rehabilitation and restoration plan.
Integra Gold considers it best practice to engage the interested parties to determine
the intended land use of mining sites after closure. Due to the proximity of the
Lamaque Project to Val-dOr, the latter is an important stakeholder to consult
regarding zoning and future land use plans in order to close and rehabilitate the site
in compliance with the municipalitys land use requirements. Also, Integra Gold
intends to engage the snowmobile club network, the Forestel Hotel, the village of
Bourlamaque and Cit de lOr in order to provide the Company with additional input
from directly adjacent stakeholders on the design of the eventual end-use of the
Lamaque Project.
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21.
CAPITAL AND OPERATING COSTS

21.1.
Capital Costs
The pre-production costs are estimated at $61.9M, net of production revenue
received during Q1Q2 of the second year of the preproduction period ($23.3M)
(Table 21.1). The mill and tailings facilities have already been constructed and will be
refurbished
Pre-production capital costs include surface infrastructure (site preparation, roads,
electric and water lines), refurbishment of existing buildings for offices at the Sigma
site, surface infrastructure at the South Ramp (including a new dry building and a
garage), mobile equipment, development and capitalized operating costs, owner
costs (closure costs in line with required financial guarantees, company staff and
indirect costs). These costs are summarized in Tables 21.1 to 21.5.
Pre-production capital costs are minimal given that there is no need to build a new
processing and tailings facility, and that mineralization is close to surface.
Additionally, in the case of the Parallel Zone, mineralization is easily accessible by
way of existing underground workings at Sigma, further reducing the need for new
infrastructure.
Pre-production is anticipated to take place over an 18-month period with the majority
of capital expenditures attributed to ramp development, mill refurbishment, tailings
expansion, development of mineralized zones, and mining at the proposed mining
rate and mill throughput.
Table 21.1 Capital cost estimate

Description
Surface infrastructure*
Mining infrastructure *
Mobile equipment **
Develop. & capitalized operating costs **
Mill refurbishment***
Tailings
Owners costs
Salvage value
Closure cost
Offsetting capitalized revenue
Total
Pre-production
Sustaining
Total
6.7 M$
7.6 M$
11.7 M$
38.9 M$
6.5 M$
1.0 M$
12.7 M$
2.0 M$
5.0 M$
19.1 M$
63.2 M$
2.8 M$
1.8 M$
8.7 M$
12.6 M$
30.8 M$
102.1 M$
9.4 M$
2.8 M$
12.7 M$
(10.1) M$
5.2 M$
(23.3) M$
(10.1) M$
5.2 M$
(23.3) M$
61.9 M$
89.0 M$
150.9 M$
* contingency 20%, ** contingency 10%, *** contingency 30% including structural and roof repairs
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Integra Gold is also studying a scenario that would involve delaying the development
of the South Ramp by 12 to 18 months in order to reduce up-front capital cost
requirements and use cash flow from the North Ramp to fund development of the
South Ramp.
21.1.1.
Surface Infrastructure
Surface infrastructure includes site preparation, access roads, installation, buildings,
and the water management and distribution. A 20% contingency has been applied
(Table 21.2).
Table 21.2 Surface infrastructure cost estimate

Description
Site preparation and installation
Buildings
A
Water management and distribution
l
l
Total
A
Pre-production
Sustaining
Total
3.8 M$
2.2 M$
0.7 M$
2.0 M$
3.8 M$
4.2 M$
0.7 M$
6.7 M$
2.0 M$
8.7 M$
All costs were estimated using budget quotes provided by suppliers and based on
existing comparable projects.
The site preparation costs were estimated at $923,264 for the North Ramp and
$2,832,053 for the South Ramp, for a grand total of $3,755,317. These amounts
include the costs of deforestation, on-site roads, ramp portal protection and
excavation, site infrastructure arrangement, escape-way setups, diesel tanks, used
oil storage, Natural gas line connection, Quad trail relocation and the grouting of
existing DDH.
Building costs include the improvement of the existing office building and the
enlargement of the dry at Sigma, the garages, the warehouse, the dry, and the
protection for the powder-magazine for the south sector and the communication
system (IT) for both sector. For the new buildings, it was assumed that a down
payment of 25% would be paid with the balance paid over 5 years at a 6% interest
rate.
Water management and distribution costs include the Mylamaque shaft pumping
system, the No. 3 mine pumping system, and the arrangement for piping water from
the South sector towards Sigma.
Mining infrastructure includes the electrical distribution and communication system,
ventilation and air heating, mine dewatering, and compressed air distribution. A 20%
contingency has been applied (Table 21.3).
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Description
Table 21.3 Mining infrastructure cost estimate

Pre-production
Sustaining
Total
Electrical distribution & comm. system

Ventilation and air heating
Mine dewatering
Compressed air distribution
4.0 M$
2.5 M$
0.4 M$
0.7 M$
1.5M$
1.8 M$
1.2 M$
0.6 M$
5.5 M$
4.3 M$
1.6 M$
1.3 M$
Total
7.6 M$
5.0 M$
12.6 M$
The cost of the electrical distribution & communication system for surface and
underground includes power distribution, cables and connectors, instrument and
communication, lighting and accessories.
Ventilation and air heating costs include escape-way accommodation and
underground main fan setup, the heating system, secondary fans and rigid conduit
for long drive excavation.
Mine dewatering includes the development pumping system and the main pumping
station.
Compressed air distribution includes equipment and installation.
21.1.2.
Mobile Equipment
Mobile equipment includes all surface and underground equipment. A 10%
contingency has been applied to budgetary quotes obtained from equipment
suppliers. For the economic evaluation, it was assumed that a down payment of 25%
would be paid on mining equipment, with the balance paid over 5 years at a 6%
interest rate. Residual value was limited to 25% to 35% of original depending on
years of use.
21.1.3.
Development and Capitalized Operating Costs

Development and capitalized operating costs include all costs related to operations
and development during the pre-production period and main development (ramp,
escape-way) of the production period (Table 21.4).
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Table 21.4 Development and capitalized operating costs

Description
Pre-production
Sustaining
Total
0.4 M$
3.8 M$
6.9 M$
84.5 M$
2.6 M$
3.0 M$
0.9 M$
Definition drilling
Stope development
Mining cost
Main development (sustaining only)
Energy cost
Environment
0.4 M$
3.8 M$
6.9 M$
21.3 M$
2.6 M$
3.0 M$
0.9 M$
63.2 M$
Total
38.9 M$
63.2 M$
102.1 M$
Development and capitalized operating costs include definition drilling, stope

development (10% contingency), mining cost (10% contingency), milling and
transportation, and energy.
21.1.4.
Mill Refurbishment
Mill refurbishment includes direct and indirect costs for repairs, equipment
replacement and new equipment at for the Sigma mill. It also includes the cost to
place a dome over the crushing conveyor transfer point, which is currently outside.
The extent of repairs required for mechanical equipment is based on visual
inspection of the plant only. No equipment was turned on. The cost to purchase
parts or equipment was estimated based on data from similar projects, quotations
obtained from suppliers, or prices available from the former procurement service of
the Sigma plant. The repair and/or installation hours were estimated based on
experience and, for major work, were validated with a contractor. These hours were
then multiplied by an average hourly rate obtained from a local contractor who visited
the plant and was aware of the work to be completed.
The estimate for electrical equipment and connections was based on the assumption
that all electrical equipment is still functional, and a provision to replace 5% of the
motors and 20% of the lighting, as well as some starters, variable frequency drives
and instruments. From an instrumentation and control point of view, the cost for
replacement of pH probes and gas detectors was included, in addition to the
upgrading of the human machine interface (HMI) software and Windows NT based
computer network. All electrical work related to the new transfer conveyor building
and to the connection of new equipment is also included.
Mill refurbishment indirect costs include engineering, procurement and construction
management, construction consumables and commissioning. These items were
estimated as a percentage of direct costs based on similar projects. Indirect costs
also include contractor costs (based on quotations), spare parts (based on value
estimated for similar size plant minus value of current inventory), first fill (based on
reagent costs and volumes), an allowance for permits and 30% contingency.
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Since the mill will only reach full planned production (450,000 tpa) in Year 3, the
costs to repair or replace equipment in order to increase capacity from 400,000 tpa
to 450,000 tpa will be spent in Q4 of Year 2 instead of during the pre-production
period. These costs have thus been included in the sustaining capital. In addition, it
has been assumed that for all plant mobile equipment and the emergency generator
a 25% down payment would be made and the remainder paid over the following
three years. Based on this, the capital cost for mill refurbishment to be spent during
the pre-production period has been estimated at $5.53 million, while the sustaining
capital has been estimated at $1.93 million.
The plant structure and roof are also in need of repair. The cost for this work was
evaluated independently by Concept DB. They also included the cost for an acoustic
enclosure for the impact hammer to reduce noise going to the neighbouring area.
Their estimate adds up to $990,000 for the most urgent repairs to be spent in the
pre-production period, and $906,000 to be spent after the beginning of production.
They included their own contingency (35%) and indirect costs.
21.1.5.
Tailings
The tailings facilities have already been constructed and only minor upgrades are
required. An estimated C$2.8M will be required over the life of mine to increasing the
existing tailings capacity. C$1.0M of this will be required during the pre-production
period (Years 0 and -1) and has been included as part of pre-production capital
expenditures.
Table 21.5 Costs related to the capacity increase of the existing tailings facility over
the life of mine
Item
Year -1
Year 0
Year 1
Year 2
Year 3
Year 4
Engineering
$ 65,750
Geotechnical Investigation
$ 99,250
B2 Raise
$ 260,500
B1 Raise (Minor Correction)
$ 45,500
B4 Berm
$ 86,500
B9 Berm
$ 406,750
$ 600,000
B9 Raise
$ 796,500
Ditch Re-Build
$ 252,500
Mobilization/Demobilization
$ 10,000
$ 20,000
QA/QC, Construction Report
$ 32,000
$ 32,000
TOTAL
$ 1,006,250
$ 1,701,000
Notes: Costs do not include maintenance required year over year

Indirect costs are not included
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This total is estimated with a 30% degree of accuracy and does not include indirect
costs and maintenance costs required year over year.
21.1.6.
Owners Costs
Owners costs include the financial guarantee disbursed in the pre-production period,
NSR payment, environment-related costs, and staff for pre-production. Owners
costs amount to $12.7M for pre-production.
Description
Integra Gold staff
NSR
Financial guarantee
Total
21.1.7.
Table 21.6 Owners costs

Pre-production
Sustaining
Total
9.8 M$
2.0 M$
0.9 M$
9.8 M$
2.0 M$
0.9 M$
12.7 M$
12.7 M$
Salvage Value
The salvage value was estimated for some of the infrastructure, electrical installation
and mobile equipment on a case by case basis. For the mobile equipment, it was
limited to 25% to 35% depending on the number of years of use.
21.1.8.
Closure Cost
LOM reclamation costs for the Sigma site, including the mill and tailings facilities,
have been evaluated at C$7.7M. Reclamation costs for the South Ramp were
evaluated at C$1.1M. There is a financial guarantee of C$2.5M in place for the
project, left by the past operator.
21.1.9.
Capitalized Revenue
During the 18-month preproduction period, it is anticipated that 17,755 ounces of
gold will be produced, providing revenue of $23.3M (US$1175/oz and CAD/USD of
1.14). The preproduction revenue was capitalized.
21.2.
Operating Costs
Operating costs are estimated in 2014 Canadian dollars with no allowance for
escalation. The total operating cost and average unit operating costs are
summarized in Table 21.7. The overall unit operating cost is $132.60 per tonne of
milled ore.
Operating costs are summarized below for the production period (Table 21.7).
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Table 21.7 Summary of total operating costs

Description
Total cost
($/t)
($/oz)
Definition drilling
Stope development
Mining cost
Integra Gold staff
Energy cost
Environment
11.9 M$
26.5 M$
115.1 M$
39.5 M$
12.5 M$
54.4 M$
3.9 M$
6.0
13.3
57.8
19.8
6.3
27.3
2.0
24.2
53.7
233.2
79.9
25.3
110.2
8.0
Total
263.9 M$
132.6
534.4
21.2.1.
Unit cost
Definition Drilling
InnovExplo has estimated the cost of definition drilling at $5.00/t with an additional
$1.00/t for sampling. This estimate is based on similar mine operating practices.
According to the LOM conceptual mining plan, access for setting up the drill will
generally be straightforward. The resulting total estimate for definition drilling is
$11.9M or $6.00 per tonne milled. On a per-metre basis, for an average $75/m unit
cost for drilling and sampling, about 29,000m of drilling will be done on an annual
basis during production period.
21.2.2.
Stope Development
The unit cost for stope preparation stands at $13.30 per tonne milled (based on
tonnage milled assigned to production). A 10% contingency was added to drift and
raise development. Development costs include material (explosive, ground support,
installed piping) and manpower.
21.2.3.
Mining Costs
Mining costs include stoping, auxiliary equipment operating costs and manpower. A
10% contingency has been applied (Table 21.8).
Description
Table 21.8 Mining costs

Total cost
Stoping
Auxiliary equipment operating cost
Manpower
Total
Unit cost
($/t)
($/oz)
$83.8 M
$4.5 M
$26.9 M
42.1
2.2
13.5
169.6
9.0
54.5
$115.1 M
57.8
233.2
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Stoping costs includes material and manpower for room-and-pillar and long-hole
mining, and material and maintenance for haulage. The cost for material handling is
estimated to range from $7.28/t to $12.30/t, including material, maintenance and
manpower. Long-hole stoping costs amount to $20.24/t for the North Ramp and the
Triangle Zone, and $17.93/t for the No. 4 Plug. Room and pillar stoping costs
amount to $61.38/t. The auxiliary equipment operating cost includes all service
equipment, such as graders, tractors, etc. Manpower includes service workers,
supervision, construction miners, scoop and truck operator and trainer. All these
costs include 10% contingency.
21.2.4.
Integra Gold Staff

The staff and associated salaries include administration, technical services, site
security, mechanical and electrical personnel. Salaries were evaluated based on
experience and other projects near Val-dOr. To account for benefits, 33% was
added, and depending on the job, bonuses of 5% to 20% were also included. The
estimate of the departments general operating cost was based on a comparable
mine operating budget. The average cost for Integra Gold staff is $19.8 per tonne
milled.
21.2.5.
Energy Cost
The energy cost includes all electrical consumption and natural gas needed to heat
the underground air. The diesel cost for underground and surface equipment is
already included in the unit cost (development, mining and haulage) or department
general operating cost. The estimated average annual electrical consumption during
production period is 32,090,312 kWh, representing an annual cost of $2,106,953
(Table 21.9). The electrical consumption cost is based on Hydro-Qubecs M rate.
The estimated annual natural gas consumption during the production period is 1,231
m3 per year, amounting to $738,747 per year at a price of $0.40/m3 (budget
quotation from Gaz Mtro). As shown in Table 21.9, the estimated total annual
energy cost is $2.85M, representing an average of $6.3 per tonne milled from
Year 0Q3 to Year 4.
Table 21.9 Yearly energy cost (average for complete production years)
Description
Electricity
Propane
Total:
21.2.6.
Yearly cost
$2,106,953
$738,747
$2,845,700
Milling
Milling costs include reagents and grinding media, maintenance materials and
laboratory services, energy (electricity and fuel) and the manpower required to
operating the Sigma mill (Table 21.9). The average operating cost over Years 1 to 4,
when production will be 450,000 tpa on average, is estimated at $24.94/t. This
estimate is preliminary and expected to have a precision of 30%. Material mined
during Q4 of Year -1 and Q1 of Year 0 is assumed to be toll-milled at a cost of $35/t
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plus transportation, as indicated in the previous version of the PEA (Poirier et al.,
2014). It is assumed that the plant will be started up in Q2 of Year 0. It will then be
running at an equivalent capacity of about 200,000 tpa, and operating costs for that
quarter would be around $38/t. For Q3 and Q4 of Year 0, the plant will be running at
an approximate average capacity of 400,000 tpa with an operating cost of about
$27/t.
Table 21.10 Milling costs for 450,000 tpa production capacity

Description
Reagents and grinding media
Maintenance materials and services
Energy
Manpower
Total
$/t
7.46
6.21
3.54
7.73
24.94
Reagent consumptions were estimated based on laboratory test results for cyanide
and lime, Sigma plant historical data for carbon and elution reagents and typical
values from similar projects for other reagents and grinding media. Budget quotes
were obtained from suppliers for reagent and grinding media unit prices.
Maintenance materials were estimated based on actualized historical data from the
Sigma mill. The operating cost estimate assumes that gold assays will be measured
at an external laboratory. A budget quotation was obtained to estimate this cost.
Electrical energy consumption was estimated based on the calculation of grinding
energy using the Bond ball mill work index measured during testwork, and the Sigma
plant historical energy consumption for the remainder of the plant. A rate of
$0.07/kWh was used for the estimate. Fuel consumption was estimated based on
historical data for the Sigma plant.
Manpower was estimated based on a staff of 7 people, 9 mechanical and electrical
maintenance employees, and 18 operators working on two 12-hour shifts per day.
Salaries were based on the collective agreement that was in place when Century
was operating the Sigma mill. Benefits were estimated at 35% and overtime at 5%.
21.2.7.
Transportation Cost
The mineralized material will have to be rehandled from a pad located near the
South and the North portal entrance for the North. The rehandling cost has been
estimated at $2.45/t.
21.2.8.
Environment
The environment operating cost is based on similar operations. Manpower costs are
already included in the Integra Gold staff item. The actual environment cost covers
annual monitoring for noise, vibration, effluent water quality and underground water
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based on current regulations. The water treatment cost was evaluated based on a
projected pumping rate and unit cost of $0.50/m3. The cost for management and
disposal of waste and hazardous material is included. The average environment cost
is estimated at $1.97/t milled. The yearly estimated environment cost is $714,251
(Table 21.11).
Table 21.11 Yearly environment cost (average for Year 0Q3 to Year 4)
Description
Personnel
Air & noise quality monitoring
Water treatment
Waste management
Others
Total:
21.2.9.
Yearly cost
$377,509
$98,182
$124,091
$71,182
$42,287
$714,251
Capitalized Opex
The operating costs incurred during the preproduction period ($23,255,507) were
capitalized.
21.2.10.
Taxes and Royalties

Qubec mining rights;

Federal and provincial taxes.
The Lamaque South property is subjected to an NSR royalty of 2% applied on net

smelter revenue. At commercial production, with a $1M payment generated by the
North Ramp and $1M by the South Ramp, the NSR royalty will decrease to 1%.
.
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22.
ECONOMIC ANALYSIS
22.1.
Financial Analysis
An after-tax model was developed for the Lamaque Project. All costs are in 2014
Canadian dollars with no allowance for inflation or escalation.
Qubec mining tax rate of 16% (2014 rate);

Income tax rate of 26.9% (federal and provincial).
The Lamaque Property is subject to a royalty in favour of Teck, equal to 2% of NSR.

Also, the buyout of 1% of the NSR for $2 million is included in the economic model.
The economic evaluation was performed using the Internal Rate of Return (IRR) and
the Net Present Value (NPV) methods. The IRR on an investment is defined as the
rate of interest earned on the unrecovered balance of an investment. The discount
rate makes the NPV of all cash flows equal to zero. The NPV method converts all
cash flows for investments and revenues occurring throughout the planning horizon
of a project to an equivalent single sum at present time at a specific discount rate.
The discount rate used in the analysis is 5%. According to the NPV method, a
positive NPV represents a profitable investment where the initial investment plus any
financing interest are recovered.
This Preliminary Economic Assessment (PEA) is preliminary in nature as it includes
inferred mineral resources that are too speculative geologically to have economic
reserves, and there is no certainty that the PEA will be realized.
The following parameters were considered in the financial analysis (Table 22.1):
An average gold price of $US1,175 per ounce, and an exchange rate of

1.14CAD/1USD.
Milling recovery:
o
o
o
o
o
Parallel Zone: 97.4%;

Fortune Zone: 96.1%
Triangle Zone: 92.5%
No. 4 Plug Zone: 87.1%
Resulting in an average recovery of 93.7% for the entire Project.
Royal Mint fees of $3 per ounce.
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Royalty of 2% of Net Profit for preproduction, a payment of $2 million, and a

royalty payment of 1% of Net Profit for the production period.
Resources as presented in item 14.
Future annual cash flow estimates based on grade, gold recoveries and cost
estimates as previously discussed in this Report.
The resulting main parameters and cash flow analysis are presented in Table 22.1.
The economic analysis for the Lamaque Project is presented in Table 22.2.
Table 22.1 Cash flow analysis summary
Parameters
Results
1,175
1.14
Gold price (CA$/ounce):
1,340
109,900
141,600
Preproduction capital costs (CA$)
61.9 M
LOM sustaining capital (CA$)
89.0 M
Preproduction period (years)
1.5
Mine life (years)
4.5
Total cash cost per gold ounce (CA$/oz)
551
All-in sustaining cost per gold ounce (CA$/oz)
731
873
PRE-TAX
184,3 M
77%
1.3
AFTER-TAX
113.5 M
IRR after-tax (%)

59%
1.6

*** All-in cost: Direct mining cost, refining, royalties, preproduction and sustaining capital, reclamation and
salvage
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Table 22.2 Economic analysis for the Lamaque Project (figures in Canadian dollars)
Pre production
Q1-Q2: Pre production

Q3-Q4: Operation
Year - 1
Year 0
Year 1
Year 2
Year 3
Year 4
3,377
166,848
245,429
154,210
132,585
42,757
745,206
8.4
8.0
7.5
6.7
9.5
8.5
7.84
41,570
135,468
45,829
222,867
5.1
5.4
5.0
5.25
701
559
766
Operation
Year 5
Total
PRODUCTION
North Zone
PARALLELE
Grade (g/t)
FORTUNE
Grade (g/t)
South Zone
TRIANGLE
Grade (g/t)
1,235
85,404
196,079
220,175
166,548
669,441
5.3
9.0
9.2
12.9
13.4
11.45
7,259
89,783
325,655
422,697
3.9
5.3
5.5
5.44
423,214
524,384
414,241
PLUG 4
Grade (g/t)
TOTAL North and South
252,252
4,612
441,508
North Zone
73%
66%
56%
46%
51%
21%
South Zone
27%
34%
44%
54%
49%
79%
256,864
441,508
423,214
524,384
414,241
8.3
8.2
9.7
9.0
5.8
65,895
111,148
124,092
141,616
68,837
511,588
$1,175
$1,175
$1,175
$1,175
$1,175
$1,175
$1,175
1.14
1.14
1.14
1.14
1.14
1.14
$1,340
$1,340
$1,340
$1,340
$1,340
$1,340
$88,266,272
$148,883,251
$166,221,700
$189,694,263
$92,206,832
-$197,685
-$333,445
-$372,277
-$424,847
-$206,510
NSR
$1,117,987
$1,485,498
$1,658,494
$1,892,694
$920,003
Capitalized revenue
$23,255,507
Net Revenue
$63,695,094
$147,064,308
$164,190,929

Grade (g/t)
Gold Produced (oz)
2,060,211
8.24
REVENUE
Gold Price ($US/oz)
Exchange rate ($CAN/$US)
Gold Price ($CAN/oz)
Gross Revenue
Mint (cost 3,00$ per oz)
1.14
$1,340
$685,272,318
-$1,534,764
$7,074,677
$23,255,507
$187,376,721
$91,080,318
$653,407,370
OPERATING EXPENDITURES
North Zone
Definition drilling
$20,262
$1,001,088
$1,472,574
$1,174,680
$1,608,318
$531,516
$5,808,438
Stope development
$305,375
$3,864,605
$3,202,200
$3,241,294
$3,719,258
$0
$14,332,732
Mining cost
$1,467,691
$8,605,480
$13,328,484
$12,157,014
$13,704,806
$3,720,120
$52,983,595
Integra staff
$2,896,752
$4,974,413
$4,832,489
$4,505,467
$4,675,663
$1,705,021
$23,589,805
Energy cost
$702,001
$1,176,879
$1,384,372
$1,488,343
$1,490,064
$948,640
$7,190,299
$47,100
$5,754,289
$6,759,300
$5,399,414
$7,001,017
$2,426,371
$27,387,491
Environment
$261,315
$482,306
$462,107
$411,565
$463,977
$304,291
$2,385,561
South Zone
Definition drilling
$7,410
$512,424
$1,176,474
$1,364,601
$1,537,985
$1,953,932
$6,552,826
$169,916
$3,274,038
$3,871,974
$3,412,603
$5,243,282
$0
$15,971,814
Mining cost
$1,092,955
$5,488,769
$14,154,775
$17,528,009
$16,899,625
$13,865,630
$69,029,763
Integra staff
$2,555,662
$3,704,432
$4,544,265
$4,871,084
$4,700,821
$5,285,446
$25,661,710
Energy cost
$661,855
$1,225,775
$1,441,157
$1,502,041
$1,478,767
$1,559,892
$7,869,487
$24,202
$2,726,997
$5,407,604
$6,266,404
$6,696,474
$8,956,701
$30,078,382
$410,533
$446,075
$453,663
$568,349
Stope development
Environment
Capitalized operating cost
Cash operating costs
$261,315
$333,334
-$10,473,812
-$16,931,272
$0
$2,473,269
-$27,405,084
$26,193,557
$62,448,309.05
$63,768,594.67
$69,673,719.17
$41,825,908.33
Cash Op. cost/tonne $CAN
$140
$141.44
$151
$133
$101
$263,910,088
$133
Cash Op. cost/oz $CAN
$549
$562
$514
$492
$608
$534
Cash Op. cost/tonne $US
$123
$124.07
$132.17
$116.55
$88.57
$116
Cash Op. cost/oz $US
$482
$493
$451
$432
$533
$469
Total Cash Op./oz $CAN
$495
$506
$464
$445
$546
$551
Total Cash Op./oz $US
$434
$444
$407
$390
$479
$483
$37,501,537
$84,615,999
$100,422,334
$117,703,002
$49,254,410
Operating Cash Flow
$0
$389,497,282
CAPITAL EXPENDITURES
North Zone
$5,700,496
Capitalized revenue
NSR (Buying out)
$11,084,838
$16,785,335
-$19,388,541
-$19,388,541
$1,000,000
$1,000,000
Mill refurbishment and tailings
$1,194,380
$3,191,445
$1,585,450
$63,750
Development
$6,055,419
$10,432,828
$11,822,976
$13,798,079
$3,154,850
Mobile Equipment
$3,732,543
$3,133,351
$2,533,395
$2,229,584
$2,229,584
$973,291
$14,831,749
$249,728
$159,728
$159,728
$97,716
$1,879,256
$6,035,026
$45,264,151
$923,264
Buildings
$583,807
$628,551
$764,363
$726,596
$435,264
$365,753
$28,564
$2,320,539
$1,882,817
$62,700
$417,589
$136,139
$12,930
$2,512,175
Ventilation and Air heating

Electrical distribution & Communication system
$923,264
Mine dewatering
$103,506
$41,402
257,941
239,345
Compressed Air distribution
$90,000
$184,896
$51,254
$51,254
$51,254
$642,194
$51,254
$479,910
South zone
$5,846,434
$10,619,749
Capitalized revenue
$4,773,316
-$3,866,965
-$3,866,965
NSR
$1,000,000
$1,000,000
Mill refurbishment and tailings
$1,194,380
$3,191,445
$1,585,450
$63,750
Development
$4,964,189
$10,547,775
$8,874,480
$8,709,182
$6,006,615
$152,380
$39,254,622
Mobile Equipment
$3,474,137
$3,805,520
$2,482,296
$2,787,105
$2,388,318
$1,026,621
$15,963,996
$2,658,720
$173,333
Buildings
$1,093,857
$482,347
$243,924
243,924
$243,924
$2,832,053
Water management and distribution - Environment
$717,198
Ventilation and Air heating
$377,675
$1,102,898
$111,498
$378,817
Electrical distribution & Communication system
$6,035,026
$2,307,976
$717,198
$1,970,888
$1,867,682
$389,801
$349,109
$317,627
$52,356
Mine dewatering
$84,380
$264,582
$149,412
$202,314
$223,179
Compressed Air distribution
$197,790
$241,441
$107,798
$107,798
$107,798
$51,254
Total capital expenditures
$42,433,917
$34,276,676
$31,257,563
$29,854,149
$14,659,099
$2,352,516
Salvage
Financial guarantee paiement reimbursement Lamaque South (100% upfront)
$2,976,575
$923,867
$3,425,810
$918,896
$6,706,560
$10,132,370
-$918,896
Financial guarantee paiement and reimbursement Sigma Site (7.18M$-2.6M$)
$2,734,067
$1,794,022
$43,352,813
$37,010,743
$33,051,585
$0
-$7,176,089
Closure Costs (7.676M$ Sigma) and (1.11M$ Lamaque South)

All in capital expenditures
$813,879
$154,833,920.84
$29,854,149
$14,659,099
-$1,073,294
-$2,648,000
$8,784,735
$8,784,735
-$6,016,810
$150,838,286
All-In Sustaining Cost/oz $CAN
$731
All-In Sustaining Cost/oz $US
$641
All-In Cost/oz $CAN
$873
All-In Cost/oz $US

-$43,352,813
$490,794
$51,564,414
$70,568,185
$103,043,903
$50,327,704
$6,016,810
$238,658,996
Cumulative cashflow
-$43,352,813
-$42,862,019
$8,702,395
$79,270,580
$182,314,483
$232,642,186
Estimated Mining and Income taxes
-$4,207,669
$866,161
$18,357,658
$22,183,052
$37,827,272
$13,740,331
Cash Surplus After Taxes
-$39,145,144
-$375,367
$33,206,756
$48,385,134
$65,216,630
$36,587,372
$6,016,810
Cumulative Cash flow After Taxes
-$39,145,144
-$39,520,511
-$6,313,755
$42,071,378
$107,288,009
$143,875,381
$149,892,191
Pre-tax NPV (5%)

Pre-tax IRR
After-tax NPV (5%)
After-tax IRR
$766
Net cashflow
$238,658,996
$88,766,805
$149,892,191
$184,325,607
77%
$113,547,286
59%
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22.2.
Sensitivity Analysis
The parameters in the sensitivity analysis were chosen based on their potential
impact on the outcome of the economic evaluation. Key economics were examined
by running cash flow sensitivities against:
Revenue;
Operating cost (OPEX);
Capital cost (CAPEX);
Grade, gold price, exchange rate and mill recovery.
Sensitivity calculations were performed on the projects after-tax NPV (5%) and IRR
by applying a range of variation (30%) to the parameter values. Results are
presented in Tables 22.3 to 22.6. The effects on NPV and IRR are shown graphically
in Figures 22.1, 22.2, 22.3 and 22.4.
As illustrated in the figures, the Lamaque property is highly sensitive to changes in
grade, gold price, exchange rate, mill recovery and revenue. It is moderately
sensitive to changes in OPEX and CAPEX.
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Table 22.3 Sensitivity analysis of economical parameters, after-tax NPV at 5%

(millions $)
Revenue
Opex
Capex
30%
20%
10%
32,99
151,21
138,63
66,59
138,32
129,83
96,08
125,31
120,98
BaseCase
scenario
113,55
113,55
113,55
10%
20%
30%
154,96
98,19
102,99
183,98
84,16
93,89
213,75
70,02
84,79
250,00
NPV5%(M$)
200,00
150,00
Revenue
Opex
100,00
Capex
50,00
0,00
30%
20%
10%
Base
Case
scenario
10%
20%
30%
Figure 22.1 Sensitivity analysis of economical parameters, after-tax NPV at 5%

(millions $)
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Table 22.4 Sensitivity analysis of grade, after-tax NPV at 5% (millions $)
Grade
1,5
1,0
0,5
52,54
72,57
92,46
BaseCase
scenario
113,55
0,5
1,0
1,5
131,29
150,19
169,02
180
160
140
NPV5%(M$)
120
100
80
Grade
60
40
20
0
1,5
1,0
0,5
BaseCase
scenario
0,5
1,0
1,5
Figure 22.2 Sensitivity analysis of grade, after-tax NPV at 5% (millions $)
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Table 22.5 Sensitivity analysis of economical parameters, after-tax IRR
Revenue
Opex
Capex
30%
20%
10%
23%
81%
94%
42%
73%
79%
57%
65%
67%
BaseCase
scenario
59%
59%
59%
10%
20%
30%
83%
50%
49%
96%
43%
43%
108%
36%
37%
120%
100%
IRR(%)
80%
60%
Revenue
Opex
40%
Capex
20%
0%
30%
20%
10%
Base
Case
scenario
10%
20%
30%
Figure 22.3 Sensitivity analysis of economical parameters, after-tax IRR
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Table 22.6 Sensitivity analysis on grade, after-tax IRR
Grade(g/t)
IRR
1,5
1,0
0,5
6,74
30%
7,24
39%
7,74
49%
BaseCase
scenario
8,24
59%
0,5
1,0
1,5
8,74
67%
9,24
75%
9,74
84%
90%
80%
70%
IRR(%)
60%
50%
40%
30%
20%
10%
0%
1,5
1,0
0,5
BaseCase
scenario
0,5
1,0
1,5
Figure 22.4 Sensitivity analysis on grade, after-tax IRR
22.2.1.
Discount Rate Sensitivity

The cash flow has been discounted to 5% and is considered reasonable; however,
depending on the financing option, further analysis should be undertaken to establish
the true discount rate based on the real cost of capital. Table 22.7 presents
sensitivity to discount rate.
Table 22.7 Sensitivity analysis at various discount rates

Discount rate
Pre-tax NPV Value

(CA$ M)
0%
238.7
5%
184.3
7%
166.6
10%
143.4
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23.
ADJACENT PROPERTIES
The Lamaque Project is located in a historical mining district with multiple past gold
producers. The area is still a major mining centre with considerable exploration
activity. Several Canadian exploration and mining companies are actively working in
the area. Figure 23.1 shows the location of the various properties in the vicinity of
the Lamaque Project.
23.1.
Globex Mining Corporation

Contiguous with and east of the Sigma-Lamaque project is the Sigma East property,
owned by Globex Mining Corporation (Globex). The property consists of 11 claims,
and hosts extensions of the geological features found on the Sigma-Lamaque
property. Historical drilling revealed a number of gold mineralized zones, known as
the Cisaillement E-Q (Sud, Zone S) zones.
23.2.
Alexandria Minerals Corporation

Alexandria Minerals Corporation (Alexandria) owns a land package consisting of
675 claims (12,192 ha) adjacent and south of the Lamaque South project. The
property extends from Lamaque South to the Sigma II Project and beyond, covering
the prolific gold-bearing Larder LakeCadillac Break. In 2014, Alexandria reported an
updated resource estimate for the Orenada Project, which is contiguous and south of
Lamaque South. The Orenada Project consists of 29 claims and one mining lease,
and contains 446,891 oz of measured and indicated resources, with an average
grade of 1.35 g/t Au with a cut-off grade of 0.5 g/t, and an inferred resource of
302,469 oz, with an average grade of 1.27 g/t Au (http://www.azx.ca/projects/
cadillac/orenada_summary.html).
23.3.
QMX Gold Corporation

QMX Gold Corporation (QMX; previously Alexis Minerals Corporation) owns both a
gold project contiguous with and north of the Sigma-Lamaque Project, and an
operating mine called Lac Herbin. Currently, the company is focused on exploration
in and around the Lac Herbin mine in Qubec and the Snow Lake mine in Manitoba.
23.4.
Harricana River Mining Corporation

Harricana River Mining Corporation (Harricana) is a private company with almost
100 contiguous mineral claims adjacent to and west of the Sigma-Lamaque Project.
The company has two shafts from past gold producers, called the Hydro Zone and
the New Harricana Zone. The last drill program was conducted in 2009, but results
are not available.
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23.5.
Micon Comments
Micon has not verified the information regarding any of the adjacent properties. The
information contained in this section of the report, which was in part provided by
Integra and in part independently researched by Micon, is not necessarily indicative
of the mineralization at the Lamaque Project.
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Figure 23.1 Location of Adjacent Properties
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24.
OTHER RELEVANT DATA AND INFORMATION

Risks and Uncertainties
The Issuer is subject to a number of risks and uncertainties due to the nature of its
business. The Issuers exploration and development activities expose the Issuer to
various financial and operational risks. Readers are advised to study and consider
risk factors stressed below.
The Issuers future financial success depends on the ability to raise additional capital
from the issue of shares or the discovery of property which could be economically
justifiable to develop. Such development could take years to complete and resulting
income, if any, is difficult to determine. The sales value of any mineralization
potentially discovered by the Issuer is largely dependent upon factors beyond the
Issuers control, such as the market value of the products produced.
The resource exploration industry is an inherently risky business with significant
capital expenditures and volatile metals markets. The marketability of any minerals
discovered may be affected by numerous factors that are beyond the Issuers control
and which cannot be predicted, such as market fluctuations, mineral markets and
processing equipment, and changes to government regulations, including those
relating to royalties, allowable production, importing and exporting of minerals, and
environmental protection.
This industry is intensely competitive and there is no guarantee that, even if
commercial quantities are discovered, a profitable market will exist for their sale. The
Issuer competes with other junior exploration companies for the acquisition of
mineral claims as well for the engagement of qualified contractors. Metal prices have
fluctuated widely in recent years, and they are determined in international markets
over which the Issuer has no influence.
Exploration and development on the Issuers Property are affected by government
regulations relating to such matters as environmental protection, health, safety and
labour, mining law reform, restrictions on production, price control, tax increases,
maintenance of claims, and tenure. There is no assurance that future changes in
such regulations would not result in additional expenses and capital expenditures,
decreasing availability of capital, increased competition, title risks, and delays in
operations.
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25.
INTERPRETATION AND CONCLUSIONS
25.1.
2015 Updated Mineral Resource Estimate

The Lamaque Project is at an advanced stage of exploration and hosts significant
gold mineralization in multiple gold deposits. The project is strategically positioned in
an area known to be associated with gold mineralization.
Integra Gold purchased the Sigma-Lamaque Complex from Deloitte, the receiver for
the assets of Century. Integra Gold believes that the Sigma-Lamaque Complex has
excellent exploration potential both at depth below the old underground workings,
and along strike of the known workings. Based on the significant historical mining in
the Main Plug at the Lamaque mine, Integra Gold is confident that the mineralization
continues below the 3600 level in this structure. Micon believes that the SigmaLamaque complex has excellent exploration potential for further discoveries of
economic gold mineralization. In light of recent mining history, Micon agrees with
Integra Golds approach to focus on identifying new areas of untapped mineralization
as a potential source of future mill feed.
The Lamaque South property has excellent potential for further discoveries of
economic gold mineralization and that the fundamental control on mineralization is
structural and associated with young or late intrusive plugs, dykes and sills of felsic
to mafic composition. More detailed knowledge and understanding of the propertyscale controls and structures will help guide and focus future drilling programs.
Geologica believes that Integra Gold should continue to refine its understanding of
the structural complexity to help interpret and define potentially mineralized shear
and fault structures, both cutting across and parallel to stratigraphy. The magnetic
data should help identify the presence of altered fractured intrusions of felsic to mafic
composition. Thereafter, follow-up exploration, surveys, prospecting and drilling
should be conducted. Geologica believes that significant exploration potential exists
in the Triangle, Mylamaque, Sixteen, No. 6 Vein, No. 4 Plug and No. 5 Plug zones,
as well as the No. 3 Mine area. Some definition drilling is warranted to categorize
resources and test for lateral and depth extensions of the already recognized
mineralized zones.
and Triangle zones (See section 14.4) of the Lamaque Project, presented herein,
were completed by GoPointCom, using all available results as per the effective date
of each zone. The main objective was to publish revised mineral resource estimates
for the above mentioned zones. The mineral resources presented herein are not
mineral reserves as they have no demonstrable economic viability. The result is a
Mineral Resource Estimate with Indicated and Inferred resources for each of the two
mineralized zones, modelled for underground mining. The updated resource
estimate integrates 45,400 m of new drilling completed on the two main gold zones
at Lamaque South property, the Triangle (33,000 m) and Parallel (12,400 m) Zones.
The results of previous resource estimates for Fortune, No. 4 Plug, No. 6 Vein and
Sixteen Zone (See section 14.1, 14.3, 14.5, and 14.6) were also presented. These
resources estimates were also performed by GoPointCom, using all available
results as per the effective date of each zone. These resources estimates were
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presented on SEDAR in the technical reports of Beauregard et al. (2013), Poirier et

al. (2014; 2015).
The updated 2015 Mineral Resource Estimates for the Parallel and Triangle zones
were not included in the 2015 PEA.
Total Indicated Resource Estimate by zone using a 3.00 g/t Au cut-off (Table 14.1)
Gold Deposit Name
No. 4 Plug
Metric Tonnes
Grade (g/t Au)
Ounces
1,325,100
5.6
237,450
Fortune Zone
125,500
5.8
23,600
Parallel Zone
766,500
7.3
180,750
Triangle Zone
1,957,100
8.3
520,630
No. 6 Vein
389,400
6.4
79,550
Sixteen Zone
91,700
5.2
15,440
4,655,300
7.1
1,057,420
Total Indicated
Total Inferred Resource Estimate by zone using a 3.00 g/t Au cut-off (Table 14.2)
Gold Deposit
Name
No. 4 Plug
Metric Tonnes
Grade (g/t Au)
Ounces
0.0
Fortune Zone
252,300
5.6
45,220
Parallel Zone
250,900
10.7
86,460
Triangle Zone
604,700
9.0
174,470
No. 6 Vein
111,600
6.9
24,590
Sixteen Zone
1,800
4.2
250
Total Inferred
1,221,300
8.4
330,990
In addition, Integra Gold reassessed the previous resource estimate conducted by

Century on the Sigma-Lamaque Complex audited by Micon. The mineral resource
estimate reported in the August 2011 Technical Report for Century was not updated
for this report and has not been superseded by any other updates. It is considering
the previous review and audit done by Micon in 2011 to be valid for the purpose of
disclosing the Sigma-Lamaque mine resource as a current mineral resource.
2015 PEA.
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Mineral resource estimate for the Sigma-Lamaque mine as of June 20, 2011 Table extracted from the August 2011 Micon
Technical Report for Century Mining Corporation (Lewis et al., 2011). (Table 14.16)
Cut-off
Grade
(g/t Au)
2.1
1
1
1
Cut-off
Grade
(g/t Au)
2.1
1
1
1
1
1
1
Area
Lamaque
No. 2 Mine
North Wall
Shears
North Wall
Dykes
Sigma
Polygons
Area
Lamaque
No. 2 Mine
Lamaque
No. 2 Mine
Lamaque
Main Mine
Cross-Over
North Wall
Shears
North Wall
Dykes
Sigma
Polygons
Measured
Indicated
Estimation
Methodology
Tonnes
Grade
Ounces
Tonnes
Grade
Ounces
Tonnes
Grade
Ounces
Block Model
92,000
6.52
19,000
92,000
6.52
19,000
Block Model
387,000
4.34
54,000
633,000
4.42
90,000
1,020,000
4.39
144,000
Block Model
188,000
2.48
15,000
188,000
2.48
15,000
Polygonal
764,000
6.04
148,000
1,610,000
5.02
260,000
2,374,000
5.35
408,000
Total
1,151,000
5.46
202,000
2,523,000
4.73
384,000
3,674,000
4.96
586,000

Inferred
Estimation
Methodology
Tonnes
Grade
Ounces
Block Model
32,000
5.54
6,000
Polygonal
134,000
6.03
26,000
Polygonal
672,000
6.57
142,000
Block model
749,000
11.04
266,000
Block Model
364,000
5.13
60,000
Block Model
434,000
5.45
76,000
Polygonal
6,774,000
5.86
1,277,000
Total
9,159,000
6.29
1,853,000
Notes: Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. There is no certainty that all or any part of the estimated Mineral
Resources will be converted into Mineral Reserves. Mineral Resources tonnage and contained metal have been rounded to reflect the accuracy of the estimate, and numbers
may not add up due to rounding. For 19,000 ounces in the indicated category and for 6,000 ounces in the inferred category for Lamaque No2 Mine the cut off grade was 2.1 g/t;
for the rest of the resource estimate the cut-off grade is 1 g/t gold.
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25.2.
2015 Updated PEA

The principal objective of the issuer requesting a PEA (Poirier et al., 2015) was to
update the Lamaque Projects economic and mining plan to incorporate the impact of
the Companys acquisition in September 2014 of the Sigma-Lamaque mill and mine
complex. The increase in recovered ounces in this updated PEA is a result of
improved recoveries at the Sigma Mill in comparison to the previously assumed toll
milling scenario. The primary areas impacted with this acquisition are:
Reduced Operating Costs from a cash cost of C$665 per ounce to C$551
per ounce (17% reduction), primarily as a result of lower milling costs as
Integra Gold is no longer contemplating toll or custom milling its material at
third party facilities.
Reduced Pre-production Capital Expenditures by C$7.3M from C$69.2M

to C$61.9M, primarily as a result of using existing surface and underground
infrastructure to access the Parallel Zone, thereby eliminating the need for a
standalone decline or ramp and associated surface infrastructure. Capital
expenditure savings are partially offset by the capital required to refurbish the
Sigma Mill.
Increased Gold Recoveries by 1% better at all of the mineralized zones as

a result of longer leaching time for planned production based on actual
capacity and the flow sheet of the Sigma Mill versus previous toll milling
assumptions.
Reduced Pre-Production Period from 24 months to 18 months, primarily as

a result of using the existing surface and underground infrastructures to
reach the Parallel zone in a shorter time frame.
Earlier Development Start-Up as a result of significant permitting hurdles,

both provincial and federal, having been achieved and/or expedited as a
result of the acquisition, the most important being the notice from the
Canadian Environmental Assessment Agency (the CEAA) that Integra Gold
will not be required file a Federal Environmental Assessment report, also
known as an Environmental Impact Study. Amendments to the existing
provincial permits in place at the Sigma/Lamaque Mill and Mine Complex will
be sufficient for production from the North Zones (Parallel and Fortune
Zones), thereby simplifying the permitting process. Moreover, 80% of the
Lamaque Project (including the Parallel and Fortune Zones) and 100% of the
land acquired in the recent acquisition are mining leases, not exploration
claims, and therefore do not have to go through the process of being
converted into leases.
The 2015 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.
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InnovExplo considers the 2015 PEA study to be reliable and thorough, based on
quality data, reasonable hypotheses, and parameters compliant with National
Instrument 43-101 and CIM standards regarding mineral resource estimates.
Metallurgy
Lamaque deposit (refer to section 13 for report citations). The first two series were
conducted on low-, average- and high-grade North and South composites. The
third series was conducted on four composites, one for each zone: Parallel and
Fortune (North Zones), Triangle and No. 4 Plug (South Zones).
In the first series of tests, chemical assays, mineral analyses via QEMSCAN and a
gold Trace Mineral Search (TMS) were conducted. The individual composite sample
gold assays ranged from 3 to 15 g/t Au. The sulphur content of the samples ranged
from 1 to 2%. Sulphur was present primarily as pyrite with traces of chalcopyrite. The
assays showed a 1 to 2% carbon content, but only a very small portion of it is
present in organic form. The TMS showed that some of the gold is present as
inclusions within the sulfide minerals, and this portion was greater for the South
composite than for the North composite.
The Bond ball mill work index was measured, and results ranged from 13.8 to 14.9
kWh/t.
Gravity concentration, flotation and leach tests were conducted. Depending on the
test conditions, the total gold recovery obtained through gravity concentration and
leaching of gravity tailings ranged from 79 to 92% for the South composites, and
from 93 to 98% for the North composites. In both cases, recovery increased with
both the fineness of grind and retention time. Diagnostic leaching of tailings showed
that part of the gold present in the South composite samples was not in a leachable
form (gold was locked in the sulphide matrix and gangue minerals).
Rougher sulfide flotation followed by regrinding of the flotation concentrate to a K80
of 7 m, intensive leach of the concentrate and cyanide leach of the tailings was also
tested on the South composites. More than 12 % of the gold content of the feed
ended up in the flotation tailings. Therefore, leaching these tailings increased the
overall gold recovery, which ranged from 90 to 96% depending on sample and
flotation grind size.
In the third series of laboratory testwork, four flowsheets were tested at a grind size
of 75 m: gravity and carbon in leach (CIL), whole ore cyanidation, CIL, and flotation
with cyanidation of concentrate and tailings. Overall gold recoveries from the first
three flowsheets were comparable. With these flowsheets, gold recoveries from the
Parallel, Triangle and Fortune composites ranged from 93 to 98%, and recovery for
the No. 4 Plug composite varied from 83 to 88%. Flowsheet 4, using flotation,
showed lower recoveries compared to the other three.
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Milling
Custom milling was considered in the previous PEA (Technical Report and
Preliminary Economic Assessment for the Lamaque Project, Integra Gold Corp.,
April 25, 2014). In October 2014, Integra Gold acquired the Sigma-Lamaque mining
and milling facility. This version of the PEA is thus based on the use of the Sigma
mill at an average production rate of 450,000 tonnes per year (tpa).
The Sigma mill is composed of crushing, grinding, gravity concentration, leach and
carbon-in-pulp (CIP) circuits. The crushing circuit includes a jaw crusher, cone
crusher and screen. Grinding would be accomplished by a rod mill and a ball mill in
closed circuit with cyclones to a grind size of 75 m. The gravity circuit uses a
Knelson concentrator and shaking table. All five leach tanks would be used and five
CIP tanks would be refurbished for a combined residence time of approximately 72
hours. Tailings would go through cyanide destruction prior to being sent to the
tailings pond.
Based on testwork results obtained so far and a 72-hour residence time (refer to
sections 13 and 17.2 for details and report citation), the following recoveries have
been estimated.
Expected Recoveries (Table 17.1)

Zone
Parallel
Fortune
Triangle
No. 4 Plug
Gravity
47.6
26.8
17.6
13.7
Leach
49.8
69.3
74.9
73.4
Total
97.4
96.1
92.5
87.1
Tailings impoundment area
The tailings facility that is considered to be used has already been constructed on
the Sigma-Lamaque mining complex, and only minor upgrades are required prior to
its use for tailings storage by the Company. The Sigma tailings impoundment area is
made up of four cells. Currently, two cells out of four are full. Upgrades will be
required to increase the tailings pond capacity.
raising two cells using tailings as done in the past over the life of mine while
managing water as per Directive 019. This assessment used different
data/assumptions summarized in Section 20.4.
A geotechnical investigation is required considering the lack of recent geotechnical
data and to perform stability, seepage, and settlement analyses to confirm baseline
data and establish design criteria.
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Environment
Federal Regulations and Permitting: As a result of the Companys acquisition of the

Sigma-Lamaque mining complex, the Federal regulators and the Canadian
Environmental Assessment Agency is considering the Project as an extension of the
Sigma property rather than a new application. As a result, the Company will apply for
an amendment to the Environmental Impact Study previously conducted for the
Sigma mine and thus will not be required to conduct a new Federal Environmental
Impact Study.
The federal Fisheries Act has been amended and came into force on November 25,
2013. The waters located on the Lamaque Project do not directly support a
commercial, recreational or Aboriginal fishery, nor do the fish species indicated
during the baseline survey performed on the Lamaque South property contribute to
the ongoing productivity of such a fishery. Therefore, the fishery and habitat
protection aspects of the amended federal Fisheries Act will not apply to this Project.
of the Metal Mining Effluent Regulations (MMER) under the Fisheries Act of Canada,
were conducted in 2004, 2007 and 2012 at Sigma-Lamaque mining complex by
Century Mining Corporation, the former owner. In the future, compliance with
sampling frequencies of effluent, surface water, and sub-lethal toxicity testing as
specified in Schedule 5 of the MMER will be maintained by Integra Gold.
Provincial Regulations and Permitting: The Environment Quality Act (EQA) of
Qubec is divided into two chapters. Chapter I sets out provisions of general
application while Chapter II outlines the particular provisions of James Bay and
Northern Qubec covered by the James Bay and Northern Qubec Agreement. The
Lamaque Project is located south of the James Bay territory so that only Chapter I is
of interest for the Project.
certificates of authorization or authorizations are articles 22 (general case), article
31.1 (environmental impact assessment studies), article 32 (drinking water and
domestic wastewater), and article 48 (atmospheric emissions). As well, now that the
overall Project encompasses the Sigma-Lamaque mining complex (a processing
plant comprising a waste rock storage area, a tailings impoundment area and
associated water treatment facility), the Company will be subject to a de-pollution
attestation under article 31.11 of the EQA.
The application to the MDDELCC for this CofA will be accompanied by sufficiently
comprehensive studies to address the requirements of Directive 019 applicable to
the Mining Industry.
approvals and leases from both the Ministry of Natural Resources (MERN) and the
MDDELCC for various components of the overall Project development work, as
required. These applications will be submitted as part of the ongoing process of
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developing the site and should therefore not impact the Project critical path
schedule.
approved by the MERN and a CofA is issued in accordance with the EQA. However,
approximately 80% of the Companys Lamaque Project (including the Parallel and
Fortune Zones) and 100% of the land recently acquired through the acquisition of
Sigma-Lamaque mining complex are already mining leases, not exploration claims
and therefore do not need to be converted into leases.
Mining
accessed by way of a ramp (the South Ramp), or decline, from surface which would
Access to the Parallel Zone will be achieved through the completion of a 700-m
lateral ramp (the North Zones) starting from the existing Sigma underground
workings. The existing underground workings are 4.25m by 4.25m and are accessed
by a fully serviced portal, including ventilation, power and water services, with the
entrance in the southeast wall of the Sigma pit. The starting point of the ramp to the
Parallel Zone is located underground, approximately 200 m from the portal entry-way
in the pit.
mechanized mining. Two mining methods are proposed based on the vein geometry
of the four deposits: long-hole and room and pillar. The approach in this study has
been to force the application of long-hole mining where applicable. Waste material
stopes.
The planned production is 2.1 Mt of resources at a diluted grade of 8.24 g/t Au,
representing 511,600 ounces of recovered gold. The Lamaque Project has a 6-year
mine life, including a pre-production period of 1.5 years.
Financial analysis
The present PEA is preliminary in nature. It includes Inferred mineral resources that
are too speculative geologically to have economic considerations applied to them
that would enable them to be categorized as mineral reserves, and there is no
certainty that the PEA will be realized.
The financial analysis indicates an after-tax payback period of 1.6 years. The aftertax Net Present Value (NPV) of the project is estimated at $113.5M with a discount
rate of 5%. The after-tax Internal Rate of Return (IRR) is evaluated at 59%. The main
results are summarized in the following table:
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Cash flow analysis summary (Table 21.1)

Parameters
Results

Gold price (C$/ounce):
1,175
1.14
1,340
109,900
141,600
Pre-production capital costs (C$)
61.9 M
LOM sustaining capital (C$)
89.0 M
Pre-production period (years)
1.5
Mine life (years)
4.5
Total cash cost per gold ounce (C$/oz)
551
All-in sustaining cost per gold ounce (C$/oz)
731
873
PRE-TAX
Life-of-mine NPV at 5% discount rate (C$)
184.3 M
77%
1.3
AFTER-TAX
Life-of-mine NPV at 5% discount rate (C$)
IRR after-tax (%)
113.5 M
59%
1.6

*** All-in cost: Direct mining cost, refining, royalties, pre-production and sustaining capital, reclamation and
salvage
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25.3.
Opportunities & Risks

Opportunities to improve the Lamaque Project economics include the following:
Resource Expansion:
Production outlined in the PEA is limited to a vertical depth of 620 m at the

Triangle Zone. A 2013 drill program intersected multiple high-grade zones
below this level, to vertical depths of up to 1,000 m. The Triangle Zone also
remains open to the south, east and west.
The PEA is based on a mineral resource database cut-off date of April 24,
2013 and does not include subsequent drilling (either infill or expansion) of
approximately 39,235 m that was completed by end of February 2015 on the
project. Another phase of drilling (8 rigs) is currently underway at multiple
zones on the project, and this is also not included in the PEA.
Production does not include any material being mined from the recently
acquired Sigma property. Further work is required to identify resources and
develop an economic mining scenario. Any additional ounces defined as a
result of this work will be in addition to the current production profile as milling
capacity is not a bottleneck on production.
The PEA does not include resources from the No. 6 Vein or the Sixteen
Zone. A drilling program is currently underway (2015 2 rigs) at No. 6 Vein
and this is not included in the PEA.
Significant mineralization has been identified at the No. 3 Mine and the No. 5
Plug targets. Integra Gold expects to have resource estimates completed for
those zones in 2015. Should a resource be defined at these targets, they
could be potentially mined from the North Zones infrastructure.
Metallurgy
Further metallurgical testwork can be conducted to investigate the potential

for improvement in gold recoveries for the Triangle and No. 4 Plug zones.
Previous testwork has shown that finer grinding would likely improve
recoveries. The economic impact of refurbishing the plants second ball mill
could thus be evaluated.
Reduction of Pre-Production Capital Expenditures
Integra Gold is developing a scenario internally which would involve delaying

the development of the South Zones by 12 to 18 months in order to reduce
up-front capital cost requirements and use cash flow from the North Zones to
fund development of the South Zones.
The potential to use contract mining in order to reduce up-front capital
requirements.
Evaluate different scenarios for mobile equipment purchase to lower capital
costs.
Mine Plan Optimization
Underground design optimization will be undertaken with a view to reduce

capital requirements and to control / minimize dilution and optimize mineral
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recoveries, including the evaluation of alternative mining methods to lower

the proportion of room and pillar stope mining.
Risks Requiring Mitigation Strategies:
Management of construction-engineering and procurement schedules, costs,

and cost containment.
Operating risks related to the recruitment and the training and performance of
the underground workforce, specifically room-and-pillar miners.
Permitting risks.
Crown pillar thickness and stability evaluation through geo-mechanics
characterization and stability analysis.
Possibilities that the population does not accept the mining project.
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26.
RECOMMENDATIONS
The results from 2015 PEA study (Poirier et al., 2015) demonstrate that the
Lamaque Project is technically and economically viable and InnovExplo
recommends that Integra Gold continue to advance the project toward prefeasibility.
InnovExplo along with its collaborators in the study recommends proceeding with the
following steps in the continued development of the Lamaque Project.
Update mineral resource estimate on all zones included in the 2015 PEA, those
previously not included in the PEA (No. 6 Vein), and complete a maiden mineral
estimate for new zones identified, including the No. 5 Plug and No. 3 Mine. Following
on from this, we will subsequently evaluate the impact of these revised resource
estimates on the project economics.
The following table presents the actual database cut-off dates for the various zones
of the Lamaque Project where a mineral resource estimate is already in place:
Table 26.1 Data base Cut-off dates for the various zones of the Lamaque
Project during the 2015 PEA study
Zone
Parallel Zone
Fortune Zone
No. 4 Plug
Triangle Zone
Vein Sixteen
Vein No 6
Database Cut-Off Date

April 15, 2014
November 8, 2012
March 19, 2013
October 11, 2014
November 18, 2013
August 17, 2012

A PFS should be completed on the project once an updated mineral resource
estimate has been completed. This study should include:
Integrate results from technical studies completed in 2014:

o
o
o
Hydrogeology study;
Rock mass characterization and stope design;
Crown pillar stability analysis;
Revised mining plan using new resources;

Trade-off analysis;
o
o
o
Energy alternative for ore and waste handling;

Deep access to the ore body for Triangle and P4 zones.
Energy alternatives for underground air heating;
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Engineering for surface installation

Engineering for electricity and mechanics installation
Engineering for water management
A fourth phase metallurgical study in order to further improve gold
recoveries for the Triangle and Plug 4 zones, and to confirm data for
all zones:
o
o
A more detailed inspection of Sigma plant to better evaluate mill

refurbishing costs.
A trade-off study to evaluate whether refurbishing Sigma plants third
mill to obtain a finer grind and thus improve recoveries would be
economically advantageous.
Based on the further tests to confirm/infirm the acid generating nature
of the minerals, in case the acid generating nature is confirmed:
o
o
o
Measure rod mill, ball mill and abrasion work indexes to better
estimate power and grinding media consumption;
Conduct metallurgical tests in line with the Sigma mill
flowsheet (gravity concentration followed by cyanidation of
gravity tails) to confirm reagent consumptions;
Conduct metallurgical tests at a finer grind to determine
recoveries that could be obtained by refurbishing the 2nd ball
mill.
Conduct further diagnostic testing (via QEMSCAN or other) to
determine the nature of the unleached gold.
Develop milling strategies to recover the sulfides;

Conduct corresponding metallurgical tests to determine the
expected recoveries;
Evaluate capital and operating costs related to these milling
processes.
Re-scheduling development of the 2 ramps to limit capital

requirement;
Updated economic evaluation of capital expenditures and operating
costs.

The ongoing 2015 drilling program is to include a minimum of 50,000 m of drilling
focusing on expanding the overall resource base by:
continuing to expand the Triangle mineralized zones which are open

laterally and at depth;
completing a definition drill program on the No. 5 Plug and No. 3 Mine
targets for which no mineral resource estimates have been
completed;
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completing a complementary drill program at No. 6 Vein to upgrade

and possibly increase the actual resource base;
performing exploration drilling on promising geophysical and
geological targets throughout the property.

The Company initiated a review of the mineral resources and targets at Sigma in late
2014 with the goal of identifying areas where resources could be rapidly defined in
proximity to existing or proposed infrastructure. This evaluation is expected to be
completed in 2015 with drilling proposals to follow thereafter. Also, the proposed
work will include underground mapping, structural and drill hole data interpretation,
resource estimation and re-classification into resources and/or reserves at a higher
cut-off grade.
Further work is required to ensure all permits are in place for future development and
production. In addition to permitting, ongoing consultation work will be required with
the various stakeholders of the project.
Permitting initiatives
Complete CA transfer from the former Sigma operator (60%

completed);
Submit the CA documentation for the new operation (60% completed)
No Environmental Impact Study is required from provincial or federal
authorities;
A mining lease is required for Triangle zone and documentation will
required to submit a feasibility study;
A reclamation & restoration plan for the South Zones and the Sigma
site will be required as related to future financial guarantees.
Information and consultation initiatives
Finalize the consultation process with stakeholders (85% completed);

Initiate a follow up committee with stakeholders;
Continue regular information meetings with stakeholders and the local
community.
6) Commence an underground exploration program to generate a bulk sample at the

Parallel Zone
An underground exploration program should be initiated using existing Sigma
infrastructure. A twelve month program could generate a bulk sample from the core
of the deposit and provide an efficient base from which to conduct definition drilling.
Using contractor cost estimates prepared in November 2014 and the PEA fixed
costs, the proposed exploration program is estimated at C$16.2M and is expected to
generate C$7M in revenue from gold production.
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Table 26.2 Proposed Underground Exploration

Activity
Sigma Site Improvement
Integra Corporate Expenses
(Staff Costs, Materials, Energy)
Contractor Costs
Transport & Milling
Total Estimated Cost
Total Estimated Revenue
Cost (C$ M)
C$1.3
C$6.4
C$7.5
C$1.0
C$16.2
C$7.0
7) Plan and perform a geotechnical investigation for the Sigma tailings impoundment
The program presented in this PEA Study will allow the Company to operate their
tailings impoundment for current estimated life of mine. This will be achieved by
raising B-2, and B-9 and incorporating the east to west deposition and water
management strategies. The limitations of this preliminary cost assessment related
to the increase of the tailings pond capacity and costs related to operational planning
are:
Lack of recent geotechnical data;
Lack of bathymetry data.
Furthermore, in order to advance the preliminary economic assessment to the next
stage, the following activities should be considered:
Plan and perform a geotechnical investigation for the tailings

impoundment;
Following the geotechnical investigation, perform stability, seepage,
and settlement analyses to confirm baseline data and establish
design criteria;
Update the site water balance to ensure compliance with Directive
019 and the water treatment strategy and evaluate if any subsequent
pond raises are required;
Update the cost estimate and execution schedule following the
geotechnical investigation and engineering phases.
To complete the proposed work program to advance the project, InnovExplo and its
collaborators estimates that a budget of approximately $25.52M is required as
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Table 26.3 Proposed work program and budget

Item
Cost

500,000$
1,100,000$
Complete a phase IV Metallurgy Study
150,000$
6,000,000$
1,000,000$

6) Commence an underground exploration program to generate a bulk
sample at the Parallel Zone (Revenue of 7.0M$ not considered)
7) Perform a geotechnical investigation and engineering study for the
Sigma Tailings impoundment
400,000$
16,200,000$
Total
25,515,000$
165,000$
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27.
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362
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APPENDIX I
UNITS, CONVERSION FACTORS, ABBREVIATIONS
363
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Units
Units in the Report are metric unless otherwise specified. Precious metal content is reported in
grams of metal per metric ton (g/t Au or Ag), unless otherwise stated. Tonnage figures are dry
metric tons (tonnes) unless otherwise stated. Ounces are troy ounces.
Abbreviations
C
degrees Celsius
ha
hectares
grams
kg
kilograms
oz/t
mm
millimetres
cm
centimetres
Mt
millions of metric tonnes
metres
g/t
grams per metric ton
km
kilometres
tpd
metric tons per day
masl
metres above sea level
ppb
parts per billion
or ft
ft
ppm
parts per million
cubic ft per minute
cps
counts per second
m3/min
cubic metres per minute
hp
horsepower
Mbs
megabytes per second
Btu
British thermal units
cfm
oz
avdp
st
$ or C$ or CAD
Canadian dollars
kV/kVA
US$ or USD
American dollars
MPa
troy ounces
avoirdupois pound
short ton
ounces per short ton
metric ton (tonne)
kilovolts/kilovolt-amps
mega pascals
Conversion factors for measurements

Imperial Unit
1 inch
1 foot
1 acre
1 ounce (troy)
1 pound (avdp)
1 ton (short)
1 ounce (troy) / ton (short)
Multiplied by
25.4
0.305
0.405
31.103
0.454
0.907
34.286
Metric Unit
mm
m
ha
g
kg
t
g/t
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TECHNICAL REPORT AND MINERAL RESOURCE ESTIMATE UPDATE

Integra Gold Corp.

Sylvie Poirier, Eng.

Daniel Gaudreault, Eng.

Tania Ilieva, P.Geo.

Christian DAmours, P.Geo.

Marianne Utiger, Eng.

Stephan Bergeron, P.Geo.

Effective Date: February 10th, 2015

CERTIFICATE OF AUTHOR SYLVIE POIRIER

Signed on this 27th day of March, 2015

(Original signed and sealed)

Sylvie Poirier, Eng.

CERTIFICATE OF AUTHOR LAURENT ROY

Signed on this 27th day of March, 2015

(Original signed and sealed)

Laurent Roy, Eng.

CERTIFICATE OF AUTHOR CHRISTIAN DAMOURS

Signed on this 27th day of March, 2015

(Original signed and sealed)

Christian DAmours, P. Geo., OGQ

CERTIFICATE OF AUTHOR STEPHAN BERGERON

Signed on this 27th day of March 2015

Stephan Bergeron, PGeo.

CERTIFICATE OF AUTHOR DANIEL GAUDREAULT

I am currently employed as a geological engineer by Geologica Groupe-Conseil Inc., 450, 3rd

Signed on this 27th day of March, 2015

(Original signed and sealed)

Daniel Gaudreault, Eng. (OIQ #39834)

CERTIFICATE OF AUTHOR TANIA IlIEVA

I hold the following academic qualifications:

I am a registered Professional Geoscientist with the Association of Professional Engineers and

I am familiar with NI 43-101 and, by reason of education, experience and professional

Signed on this 27th day of March, 2015

Tania Ilieva, Ph. D., P. Geo

CERTIFICATE OF AUTHOR MARIANNE UTIGER

I am a graduate of Chemical Engineering from cole Polytechnique de Montral (1996). I am

I am independent of Integra Gold Corp., as defined by Section 1.5 of the Instrument.

SIGNATURE PAGE INNOVEXPLO

TECHNICAL REPORT AND MINERAL RESOURCE ESTIMATE

(Original signed and sealed)

Sylvie Poirier, Eng

Laurent Roy, Eng

Author of sections 16.

SIGNATURE PAGE WSP CANADA INC.

TECHNICAL REPORT AND MINERAL RESOURCE ESTIMATE

(Original signed and sealed)

Marianne Utiger, Eng.

Author of sections 13, 17, 21.1.4 and 21.2.6.

SIGNATURE PAGE MICON INTERNATIONAL

TECHNICAL REPORT AND MINERAL RESOURCE ESTIMATE

(Original signed and sealed)

Tania Ilieva, PGeo

Author of sections 8, 9.1, 10.1, 11.1, 12.1, 14.7 and 23.

SIGNATURE PAGE GEOLOGICA GROUPE-CONSEIL INC.

TECHNICAL REPORT AND MINERAL RESOURCE ESTIMATE

(Original signed and sealed)

Daniel Gaudreault, Eng.

Author of sections 9.2, 10.2, 11.2 and 12.2.

SIGNATURE PAGE GEOPOINTCOM INC.

TECHNICAL REPORT AND MINERAL RESOURCE UPDATE

(Original signed and sealed)

Christian DAmours, PGeo