In July 2007, Integra reached agreement to acquire the Mount Monger Gold Project, located 50 kilometres east of Kalgoorlie, from Solomon (Australia) Pty Ltd. The Mount Monger Goldfield was discovered in 1896 and has been worked almost continuously since 1916, producing approximately 400,000 ounces of gold from underground mines (80%) and open pits (20%). The underground mines have produced gold at grades of up to 95 g/t, with an average reported grade of approximately 19 g/t.
The Mount Monger Gold Project comprises a large number of granted and pending Prospecting Licences and Mining Leases and hosts a number of previously mined open pits and smaller underground workings. The project covers the majority of some very large and high-grade soil geochemical anomalies of significant regional scale many of which have not been effectively drill tested to date.
Integra's initial focus is in the Fingals / Baguss mining area, where gold deposits occur along flat-lying, sheared contacts of intercalated felsic and mafic volcanic rocks on the west limb of the Bulong Anticline. Unmined open pit opportunities have been identified for immediate drilling and resource estimation.
Integra believes there is significant additional discovery potential in this historic goldfield, which has seen very little modern exploration conducted in the past 10-15 years.