43 101 lamaque 2015 updated resources comp

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InnovExplo incConsultantsMinesExploration560, 3eAvenue, Val-dOr (Qubec) J9P 1S4Telephone: 819.874-0447Facsimile: 819.874-0379Toll-free: 866.749-8140Email: [email protected]

Web site: www.innovexplo.com

TECHNICAL REPORT AND MINERAL RESOURCE ESTIMATE UPDATEFOR 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 3eAvenue Est,

Val-dOr, Qubec, Canada,J9P 4P5

Prepared by:

Sylvie Poirier, Eng.Laurent Roy, Eng. Daniel Gaudreault, Eng. Tania Ilieva, P.Geo.

InnovExplo Inc.

Val-dOr (Qubec)

Geologica Groupe-Conseil Inc.

Val-dOr (Qubec)

Micon International

Toronto (Ontario)

Christian DAmours, P.Geo. Marianne Utiger, Eng. Stephan Bergeron, P.Geo.

GoPointCom Inc.Val-dOr (Qubec)

WSP Canada Inc.Montral (Qubec)

Amec Foster WheelerEnvironment &Infrastructure

Dorval (Qubec)

Effective Date:February 10th, 2015Signature Date: March 27th, 2015


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CERTIFICATE OF AUTHOR SYLVIE POIRIER

I, Sylvie Poirier, Eng (OIQ no.112196; PEO no.100156918) do hereby certify that:

1. I am a Consulting Engineer of: InnovExplo, 560, 3e Avenue, Val-dOr, Qubec, Canada, J9P1S4.

2. I graduated with a Bachelors degree in mining Engineering from cole Polytechnique(Montral, Qubec) in 1994.

3. I am a member of the Ordre des Ingnieurs du Qubec (OIQ, no. 112196), the ProfessionalEngineers of Ontario (PEO no. 100156918), and the Canadian Institute of Mines (145365).

4. I have worked as an engineer for a total of nineteen (20) years since graduating fromuniversity. My mining expertise was acquired while working for Lafarge Canada and for PlacerDome and McWatters at the Sigma mine, as well as for Natural Resources Canada on aspecial research initiative program on narrow-vein mining. I have been a consulting engineer

for InnovExplo Inc since September 2008.5. I have read the definition of qualified person set out in Regulation 43-101 /NI 43-101 andcertify that by reason of my education, affiliation with a professional association (as defined inRegulation 43-101) and past relevant work experience, I fulfill the requirements to be aqualified person for the purposes of Regulation 43-101.

6. 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 ofSections 1,18 and 25 to 27 of the report titled Technical Report and Mineral ResourceEstimate Update for the Lamaque Project (according to National Instrument 43-101 and Form43-101F1) (the Technical Report), effective date of February 10, 2015 and signature date ofMarch 27, 2015, prepared for Integra Gold Corp.

7. I had prior involvement with the property that is the subject of the Technical Report.

8. I visited the Sigma-Lamaque property on November 26, 2014.9. 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 whichmakes the Technical Report misleading.

10. I am independent of the issuer applying all of the tests in Section 1.5 of Regulation 43-101(National Instrument 43-101).

11. I have read Regulation 43-101 respecting standards of disclosure for mineral projects andForm 43-101F1, and the sections of the Technical Report for which I was responsible havebeen prepared in accordance with that regulation and form.

Signed on this 27thday of March, 2015

Original signed and sealed)

Sylvie Poirier, Eng.InnovExplo Inc.


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CERTIFICATE OF AUTHOR LAURENT ROY

I, Laurent Roy, Eng. (OIQ no.109779) do hereby certify that:

1. I am a Consulting Engineer of: InnovExplo Inc., 560 3e Avenue, Val-dOr, Qubec, Canada,J9P 1S4.

2. I graduated with a Bachelors degree in mining Engineering from cole Polytechnique(Montral, Qubec) in 1992.

3. I am a member of the Ordre des Ingnieurs du Qubec (OIQ, no. 109779).

4. I have worked as an engineer for a total of eighteen (18) years since graduating fromuniversity. My mining expertise was acquired while working for Talpa Mining Contractor,Richmont Mines at Francoeur and Beaufor mines, Doyon and CasaBerardi mines. I have beena consulting engineer for InnovExplo Inc. since September 2012.

5. I have read the definition of qualified person set out in Regulation 43-101/NI43-101 andcertify that by reason of my education, affiliation with a professional association (as defined inRegulation 43-101) and past relevant work experience, I fulfill the requirements to be aqualified person for the purposes of Regulation 43-101.

6. I am responsible for the preparation of Sections 16 and co-author of Sections 1, 18 and 25 to27 of the report titled Technical Report and Mineral Resource Estimate Update for theLamaque Project (according to National Instrument 43-101 and Form 43-101F1) (theTechnical Report), effective date of February 10, 2015 and signature date of March 27, 2015,prepared for Integra Gold Corp.


8. I did not visited the property for the purpose of this report however, I visited the LamaqueProject site on July 9, 2013, accompanied by Franois Chabot of Integra Gold and Marie-ClaireDagenais of InnovExplo.

9. I am not aware of any material fact or material change with respect to the subject matter of theTechnical Report that is not reflected in the Technical Report, the omission to disclose whichwould make the Technical Report misleading.

10. I am independent of the issuer applying all of the tests in Section 1.5 of Regulation 43-101 orNational Instrument 43-101.

11. I have read Regulation 43-101 respecting standards of disclosure for mineral projects andForm 43-101F1, and the sections of the Technical Report, for which I was responsible, havebeen prepared in accordance with that regulation and form.



Laurent Roy, Eng.InnovExplo Inc.


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CERTIFICATE OF AUTHOR CHRISTIAN DAMOURS

I, Christian DAmours, residing at 895, rue Lvis, Val-dOr, Qubec, do hereby certify that:

1. I am an independent geologist with the consulting firm, GeoPointCom, located at 895 rueLevis, Val d'Or, Qubec, Canada, J9P 4B8.

2. I graduated in geology, as a professional geologist, from the University of Qubec in Montral.

3. I have been practising the profession of geologist on an ongoing basis since May 1985

4. 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 workingpredominantly in the evaluation of resources, reserves and geostatistics.

5. I am a member of the Order of Geologists of Qubec (#226);

6. I have read the definition of qualified person set out in Regulation 43-101/NI43-101 andcertify 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 aqualified person for the purposes of Regulation 43-101.

7. I am responsible for the preparation of Section 14.1 to 14.6 and co-author of sections 1, 14 and25 to 27 of the report titled Technical Report and Mineral Resource Estimate Update for theLamaque Project (according to National Instrument 43-101 and Form 43-101F1) (theTechnical Report), effective date of February 10, 2015 and signature date of March 27, 2015,prepared for Integra Gold Corp.


9. I did not visit the Lamaque property of Integra Gold Corp.

10. I am not aware of any material fact or material change with respect to the subject matter of theTechnical Report that is not reflected in the Technical Report, the omission to disclose whichwould make the Technical Report misleading.

11. I am independent of the owners of the lands covered by this report within the meaning ofsection 1.5 of National Instrument 43-101 Standards of Disclosure for Mineral Properties (NI43-101).

12. I have read the NI 43-101 and Form 43-101F1, and hereby certify that this report has beenprepared in compliance with NI 43-101 and Form 43-101F1. The report gives a true picture ofthe state of scientific and technical knowledge as of February 28, 2014.



Christian DAmours, P. Geo., OGQGoPointCom Inc


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CERTIFICATE OF AUTHOR STEPHAN BERGERON

I, Stephan Bergeron, P. Geo., M. Eng., as an author of this report, do hereby certify that:

1. I am the Director of the Environment Department with the Dorval, Quebec, office of AmecFoster Wheeler Environment & Infrastucture, a division of Amec Foster Wheeler AmericasLimited.

2. I am a graduate of University du Qubec Montral in 1997 with a degree in PhysicalGeography, with a geomorphology specialization, and a Masters degree in MineralEngineering, with an hydrogeological specialization from the cole Polytechnique de Montralin 1999. In addition I have taken specialist training in environmental site assessment andauditing from University of Sherbrooke in 2001.

3. 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: Environmentalmanagement and monitoring programs; Environmental auditing; Management of multi-disciplinary environmental investigations.

4. I have read the definition of "qualified person" set out in National Instrument 43 101/Regulation43-101 (NI43-101) and certify that by reason of my education, affiliation with a professionalassociation (as defined in NI43-101) and past relevant work experience, I fulfill therequirements to be a "qualified person" for the purposes of NI43 101/Regulation 43-101.

5. A team of environmental specialists from Amec Foster Wheeler visited the Lamaque GoldProject Site on a number of occasions during the spring to fall seasons of 2013 and reported tothe 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 thebasis of Item 20 of this report and section of item 18.9 related to the tailings facility.

6. I am responsible for overall preparation of the section ''Environmental Considerations'' withinItem 20 and 21.1.5 of this PEA report and co-author of sections 1 and 25 to 27, prepared forIntegra Gold Corp., entitled Technical Report and Mineral Resource Estimate Update for theLamaque Project (according to National Instrument 43-101 and Form 43-101F1) (theTechnical Report), effective date of February 10, 2015 and signature date of March 27, 2015,prepared for Integra Gold Corp.

7. I am independent of the Issuer applying the test set out in Section 1.5 of National Instrument43-101 and Regulation 43-101.

8. I had prior involvement with the property that is the subject of this PEA report.

9. I have read National Instrument 43-101 and the Technical Report has been prepared incompliance with National Instrument 43-101 (Regulation 43-101) and Form 43-101F1.

10. To the best of my knowledge, information, and belief, the Technical Report contains allscientific and technical information that is required to be disclosed to make the technical reportnot misleading.

Signed on this 27thday of March 2015


Stephan Bergeron, PGeo.Amec Foster Wheeler Environment and Infrastructure, a division ofAmec Foster Wheeler Americas Limited


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CERTIFICATE OF AUTHOR DANIEL GAUDREAULT

I, Daniel Gaudreault, Eng, do hereby certify that:

1. I am currently employed as a geological engineer by Geologica Groupe-Conseil Inc., 450, 3rdAvenue, Suite 202, P.O. Box 1891, Val-dOr (Qubec), J9P 6C5.

2. I graduated with a degree in Geological Engineering (Eng.) from the University of Qubec inChicoutimi in 1983.

3. I am a member of the Ordre des ingnieurs du Qubec (OIQ), #39834, of the Qubec MiningExploration Association (AEMQ) and the Prospectors and Developers Association of Canada(PDAC).

4. I have worked as a geologist for a total of 32 years since my graduation from university. As anengineer 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 ofAbitibi, Qubec. I have been in charge of teams of professionals and technicians on geologicalprojects in the most severe conditions. I have also completed several geoscientificcompilations and technical reports on areas of interest in Qubec, Ontario, USA (California &Nevada) and South America (mainly Peru).

5. I have read the definition of qualified person set out in National Instrument 43-101 (NI 43-101) and certify that by reason of my education, affiliation with a professional association (asdefined in NI 43-101) and past relevant work experience, I fulfill the requirements to be aqualified person for the purposes of NI 43-101.

6. I am responsible for the technical parts of sections 9.2, 10.2, 11.2, 12.2 and co-author ofsections 1, 4 to 7, 9 to 12 and 25 to 27 of the report titled Technical Report and MineralResource Estimate Update for the Lamaque Project (according to National Instrument 43-101and Form 43-101F1) (the Technical Report), effective date of February 10, 2015 andsignature date of March 27, 2015, prepared for Integra Gold Corp. I have recently visited thesubject property and I have planned, organized, supervised and revised the drilling programs

between 2009 and 2014.7. 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 whichwould make the Technical Report misleading.


9. I am independent of the issuer (Integra Gold Corp.) applying all of the tests in Section 1.5 ofRegulation 43-101 or National Instrument 43-101.



Daniel Gaudreault, Eng. (OIQ #39834)Gologica Groupe-Conseil Inc.


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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 TechnicalReport), effective date of February 10, 2015 and signature date of March 27, 2015, prepared forIntegra Gold Corp. I, Tania Ilieva do hereby certify that:

1. I am employed as a Senior Geologist by, and carried out this assignment for, MiconInternational Limited, Suite 900, 390 Bay Street, Toronto, Ontario M5H 2Y2, tel. (416) 362-5135, fax (416) 362-5763, e-mail [email protected]

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 aSpecial Authorization # 272, issued by the Ordre des Geologues de Quebec. I am a member ingood standing of several other technical associations and societies, including: The CanadianInstitute 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, BourlamaqueTownship, 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 professionalregistration I fulfill the requirements of a Qualified Person as defined in NI 43-101. My workexperience includes 6 years as an exploration geologist looking for gold and base metaldeposits, 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, theTechnical Report contains all scientific and technical information that is required to bedisclosed to make this report not misleading;

8. I am independent of the parties involved in the property for which this report is required, otherthan providing consulting services;

9. I have read the NI 43-101 Instrument and this Technical Report has been prepared incompliance 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 co-author of sections 1, 4 to 7, 9 to 12, 14 and 25 to 27 of this Technical Report.



Tania Ilieva, Ph. D., P. GeoSenior Geologist, Micon International Limited


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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 1600Ren-Lvesque Blvd W., 16thFloor, Montral, Qubec H3H 1P9.

2. This certificate applies to the technical report entitled Technical Report and Mineral ResourceEstimate Update for the Lamaque Project with an effective date of February 10, 2015 andsignature date of March 27, 2015 (the Technical Report).

3. I am a graduate of Chemical Engineering from cole Polytechnique de Montral (1996). I ama member in good standing of the Ordre des Ingnieurs du Qubec (OIQ #121018). I have 14years of experience in process engineering in the metallurgical, mineral processing andchemical industries, including several years working on gold ore processing projects. I am aQualified 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 andRobert 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 25to 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 forhave 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 technicalinformation 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 UtigerProcess EngineerWSP Canada Inc.


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SIGNATURE PAGE INNOVEXPLO

TECHNICAL REPORT AND MINERAL RESOURCE ESTIMATEUPDATE FOR THE LAMAQUE PROJECT

(according to National Inst rument 43-101 and Form 43-101F1)


(NTS: 32C/04)(UTM: 293960E, 5329260N)

(NAD 83, Zone 18)

Prepared for:Integra Gold Corp.

1101 3eAvenue Est,Val-dOr, Qubec, Canada,

J9P 4P5


Laurent Roy, Eng

InnovExplo Inc.Val-dOr (Qubec)[email protected]

Author of sections 16.Co-author of sections 1, 18 and 25 to 27.


Sylvie Poirier, Eng

InnovExplo Inc.Val-dOr (Qubec)[email protected]

Responsible for supervising the assembling of the reportAuthor 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.


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SIGNATURE PAGE WSP CANADA INC.




(NTS: 32C/04)(UTM: 293960E, 5329260N)

(NAD 83, Zone 18)




Marianne Utiger, Eng.

WSP Canada Inc.Montral (Qubec)

[email protected]

Author of sections 13, 17, 21.1.4 and 21.2.6.Co-author of sections 1, 21 and 25 to 27.


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SIGNATURE PAGE MICON INTERNATIONAL




(NTS: 32C/04)(UTM: 293960E, 5329260N)

(NAD 83, Zone 18)




Tania Ilieva, PGeo

Micon International

Toronto (Ontario)[email protected]

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.


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SIGNATURE PAGE GEOLOGICA GROUPE-CONSEIL INC.




(NTS: 32C/04)(UTM: 293960E, 5329260N)

(NAD 83, Zone 18)




Daniel Gaudreault, Eng.

Geologica Groupe-Conseil Inc.Val-dOr (Qubec)[email protected]

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.


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SIGNATURE PAGE GEOPOINTCOM INC.

TECHNICAL REPORT AND MINERAL RESOURCE UPDATEESTIMATE FOR THE LAMAQUE PROJECT

(according to National Inst rument 43-101 and Form 43-101F1)


(NTS: 32C/04)(UTM: 293960E, 5329260N)

(NAD 83, Zone 18)




Christian DAmours, PGeo

GoPointCom Inc.Val-dOr (Qubec)[email protected]

Author of section 14.1 to 14.6.Co-author of sections 1, 14 and 25 to 27.


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SIGNATURE PAGE AMEC FOSTER WHEELERENVIRONMENT & INFRASTRUCTURE




(NTS: 32C/04)(UTM: 293960E, 5329260N)

(NAD 83, Zone 18)




Stephan Bergeron, PGeo

Amec Foster Wheeler Environment & InfrastructureDorval (Qubec)[email protected]

Author of sections 20 and 21.1.5.Co-author of sections 1, 18, 21 and 25 to 27.


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2015 NI 43-101 Technical Report and Mineral Resource Estimate Update for the Lamaque projectMarch 27, 2015 Integra Gold Corp. 15

TABLE OF CONTENTS

1. SUMMARY ....................................................................................................................... 28

2. INTRODUCTION .............................................................................................................. 49

2.1.

Terms of Reference and Scope of Work ....................................................................... 492.2. Principal Sources of Information ................................................................................... 50

2.3. Qualified Persons and Inspection on the Property ........................................................ 502.4. Note Regarding the 2015 Preliminary Economic Assessment ..................................... 522.5. Units and Currencies .................................................................................................... 52

3. RELIANCE ON OTHER EXPERTS ................................................................................. 53

4. PROPERTY DESCRIPTION AND LOCATION ................................................................ 54

4.1. Location ........................................................................................................................ 544.2. Property Description ..................................................................................................... 56

4.2.1. Land Tenure ....................................................................................................... 564.2.2. Mining Concession Taxes and Mineral Claim Renewal ..................................... 734.2.3. Royalties ............................................................................................................ 73

4.2.3.1.

Royalty on the Sigma Property ....................................................................................... 73

4.2.3.2. Royalty and Agreement on the Lamaque Property ......................................................... 734.2.4. Surface Rights and Access Agreements ............................................................ 744.2.5. Environmental and Permitting ............................................................................ 754.2.6. Location of Mineralization .................................................................................. 754.2.7. Micon Comments ............................................................................................... 75

5. ACCESSIBILITY, CLIMATE, LOCAL RESOURCES, INFRASTRUCTURE ANDPHYSIOGRAPHY ............................................................................................................ 76

5.1. Accessibility .................................................................................................................. 765.2. Climate .......................................................................................................................... 785.3. Local Resources ........................................................................................................... 79

5.4.

Infrastructure ................................................................................................................. 79

5.5. Physiography ................................................................................................................ 79

6. HISTORY .......................................................................................................................... 81

6.1. History of the Mines ...................................................................................................... 816.1.1. Lamaque Mine ................................................................................................... 816.1.2. Sigma Mines (Qubec) Limited .......................................................................... 836.1.3. Lamaque and Sigma Mines (Century) ............................................................... 846.1.4. Lamaque South property .................................................................................... 87

6.2. Mine Drilling in the Sigma-Lamaque Project ................................................................. 896.2.1. Historical ............................................................................................................ 896.2.2. 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 ......................................................................................................... 937.2. Local Geology ............................................................................................................... 95

7.2.1. Lamaque Mine Geology ..................................................................................... 987.2.1.1.

Volcanic rocks ................................................................................................................. 98

7.2.1.2.

Intrusive rocks ................................................................................................................. 98

7.2.2. Sigma Veins ..................................................................................................... 1017.2.2.1. Major veins .................................................................................................................... 1017.2.2.2. Lesser veins .................................................................................................................. 101


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7.2.2.3. Stockworks .................................................................................................................... 1017.2.2.4. Flat veins ....................................................................................................................... 101

7.2.3. Sigma Mine Geology ........................................................................................ 1027.2.3.1. Volcanic rocks ............................................................................................................... 1027.2.3.2. Intrusive rocks ............................................................................................................... 1027.2.3.3.

Structural geology ......................................................................................................... 103

7.2.4. Sigma Mine Veins ............................................................................................ 1047.2.4.1. Type 1 mineralization (shears) ...................................................................................... 1047.2.4.2. Type 2 mineralization (dykes) ....................................................................................... 1057.2.4.3.

Type 3 mineralization (north-dipping) ............................................................................ 106

7.2.4.4.

Type 4 mineralization (flats) .......................................................................................... 106

7.2.5. Lamaque South Property Geology ................................................................... 1077.2.6. Aumaque Mine Geology ................................................................................... 1117.2.7. Audet, Audet-Stoch, New Bidlamaque and Union Gold ................................... 112

7.2.7.1. Audet and Audet-Stoch ................................................................................................. 1127.2.7.2. New Bidlamaque ........................................................................................................... 1127.2.7.3. Union Gold .................................................................................................................... 113

7.2.8.

Sigma II (Vicour) and Sigma II East ................................................................. 113

7.3. Mineralization .............................................................................................................. 1147.3.1. Vein Material .................................................................................................... 1147.3.2. Accessory Material ........................................................................................... 1157.3.3. Alteration .......................................................................................................... 1157.3.4. Gold Deposition at the Sigma-Lamaque Mines ................................................ 1157.3.5. Mineralized Zones at the Lamaque South Project ........................................... 116

7.3.5.1. North Cluster ................................................................................................................. 1177.3.5.2.

South Cluster ................................................................................................................. 119

7.3.5.3. West Cluster .................................................................................................................. 120

8. DEPOSIT TYPES ........................................................................................................... 122

9. EXPLORATION .............................................................................................................. 124

9.1.

Sigma-Lamaque Mining Complex ............................................................................... 1249.2. Lamaque South Property ............................................................................................ 124

10. DRILLING ....................................................................................................................... 125

10.1. Sigma-Lamaque mining complex ................................................................................ 12510.2. Lamaque South property ............................................................................................ 125

10.2.1. South Triangle Zone ......................................................................................... 12610.2.2. No. 3 Mine ........................................................................................................ 12810.2.3. Parallel Zone .................................................................................................... 13110.2.4. No. 6 Vein and Sixteen Zone ........................................................................... 13410.2.5. Triangle Zone and Mylamaque Area ................................................................ 13810.2.6. Fortune Zone .................................................................................................... 14310.2.7. No. 5 Plug ........................................................................................................ 14610.2.8.

Parallel Ramp Zone ......................................................................................... 148

10.2.9. Geophysical Targets ........................................................................................ 15010.2.10. Additional Resource Potential .......................................................................... 15210.2.11. Drilling Program for Geotechnical Studies ....................................................... 152

10.2.11.1.

Mylamaque area ........................................................................................................ 152

10.2.11.2. Parallel Zone area ..................................................................................................... 15210.2.11.3. Sigma Vein Extension area ....................................................................................... 15310.2.11.4. Triangle Zone area .................................................................................................... 15410.2.11.5. Sixteen Zone area ..................................................................................................... 154


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11. SAMPLE PREPARATION, ANALYSES AND SECURITY ............................................ 155

11.1. Sigma-Lamaque Mining Complex ............................................................................... 15511.2. Lamaque South property ............................................................................................ 155

11.2.1. Results of Quality Control during 2013-2015 Drilling Programs ....................... 158

11.2.1.1.

Blanks ........................................................................................................................ 15811.2.1.2. Certified reference material (standards) .................................................................... 159

11.2.1.3. Duplicates .................................................................................................................. 15911.2.2. Geologica Conclusions .................................................................................... 160

12. DATA VERIFICATION ................................................................................................... 161

12.1. Sigma-Lamaque Mining Complex ............................................................................... 16112.1.1. Historical Sample Preparation, Analyses and Security at the Sigma-Lamaque

Property ........................................................................................................... 16112.1.2. Drill Core Handling, Logging and Sampling Procedures .................................. 16112.1.3. Underground Sampling .................................................................................... 162

12.1.3.1. Chip Sampling ........................................................................................................... 16212.1.4. Muck Sampling ................................................................................................. 162

12.1.5.

Historical Sample Preparation and Assaying at the Sigma-Lamaque Project.. 16312.1.6. Quality Assurance and Quality Control (QA/QC) ............................................. 163

12.1.7. Micon Comments ............................................................................................. 16412.2. Lamaque South Property ............................................................................................ 164

13. MINERAL PROCESSING AND METALLURGICAL TESTING ..................................... 165

13.1. Initial Testwork ............................................................................................................ 16513.1.1. Sample Description .......................................................................................... 16513.1.2. Sample Preparation ......................................................................................... 16613.1.3. Sample Characterization .................................................................................. 16613.1.4. Metallurgical Test Program .............................................................................. 168

13.2. Potential Processing Facility Secondary Testwork .................................................. 17113.2.1. Sample Description and Preparation ............................................................... 17113.2.2.

Properties of the Zone Composites .................................................................. 171

13.2.3. Metallurgical Performance ............................................................................... 172

14. MINERAL RESOURCE ESTIMATES ............................................................................ 174

14.1. Resource Estimate Fortune Zone ............................................................................ 17714.1.1. Methodology ..................................................................................................... 17714.1.2. Drill Hole Sample Database ............................................................................. 17714.1.3. Interpretation of Mineralized Zones .................................................................. 17714.1.4. High Grade Capping ........................................................................................ 17814.1.5. Compositing ..................................................................................................... 18114.1.6. Variography ...................................................................................................... 18214.1.7. Bulk Density ..................................................................................................... 184

14.1.8.

Block Model Geometry ..................................................................................... 18414.1.9. Mineralized Zone Block Model ......................................................................... 184

14.1.10. Grade Block Model ........................................................................................... 18414.1.11. Resource Categories ....................................................................................... 18514.1.12. Minimum cut-off Value ..................................................................................... 18514.1.13. Mineral Resource Estimate Results ................................................................. 18614.1.14. Comparison to Previous Mineral Resource Estimates ..................................... 187

14.2. Resource Estimate Parallel Zone ............................................................................ 18814.2.1. Methodology ..................................................................................................... 188


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14.2.2. Drill Hole Sample Database ............................................................................. 18814.2.3. Interpretation of Mineralized Zones .................................................................. 18814.2.4. High Grade Capping ........................................................................................ 19014.2.5. Compositing ..................................................................................................... 194

14.2.6.

Variography ...................................................................................................... 19414.2.7. Bulk Density ..................................................................................................... 195

14.2.8. Block Model Geometry ..................................................................................... 19514.2.9. Mineralized Zone Block Model ......................................................................... 19514.2.10. Grade Block Model ........................................................................................... 19514.2.11. Resource Categories ....................................................................................... 19714.2.12. Minimum cut-off Value ..................................................................................... 19714.2.13. Mineral Resource Estimate Results ................................................................. 19814.2.14. Comparison to Previous Mineral Resource Estimates ..................................... 200

14.3. Resource Estimate No. 4 Plug .................................................................................... 20114.3.1. Methodology ..................................................................................................... 20114.3.2. Drill Hole Database .......................................................................................... 201

14.3.3.

Interpretation of Mineralized Zones .................................................................. 201

14.3.4. High Grade Capping ........................................................................................ 20314.3.5. Compositing ..................................................................................................... 20414.3.6. Variography ...................................................................................................... 20514.3.7. Bulk Density ..................................................................................................... 20714.3.8. Block Model Geometry ..................................................................................... 20714.3.9. Mineralized Zone Block Model ......................................................................... 20814.3.10. Grade Block Model ........................................................................................... 20814.3.11. Resource Categories ....................................................................................... 20814.3.12. Minimum cut-off Value ..................................................................................... 20914.3.13. Mineral Resource Estimate Results ................................................................. 21114.3.14. Comparison to Previous Mineral Resource Estimates ..................................... 213

14.4.

Resource Estimate of the Triangle Zone .................................................................... 213

14.4.1. Methodology ..................................................................................................... 21314.4.2. Drill hole Sample Database .............................................................................. 21314.4.3. Interpretation of Mineralized Zones .................................................................. 21314.4.4. High Grade Capping ........................................................................................ 21514.4.5. Compositing ..................................................................................................... 21814.4.6. Variography ...................................................................................................... 21814.4.7. Bulk Density ..................................................................................................... 22014.4.8. Block Model Geometry ..................................................................................... 22014.4.9. Mineralized Zone Block Model ......................................................................... 22114.4.10. Grade Block Model ........................................................................................... 22114.4.11. Resource Categories ....................................................................................... 22114.4.12. Minimum cut-off Value ..................................................................................... 22214.4.13.

Mineral Resource Estimate Results ................................................................. 223

14.4.14. Comparison with Previous Mineral Resource Estimates ................................. 22614.5. Resource Estimate Vein No. 6 ................................................................................. 226

14.5.1. Methodology ..................................................................................................... 22614.5.2. Drill hole sample database ............................................................................... 22614.5.3. Interpretation of Mineralized Zones .................................................................. 22714.5.4. High grade capping .......................................................................................... 22814.5.5. Compositing ..................................................................................................... 230


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14.5.6. Variography ...................................................................................................... 23114.5.7. Bulk Density ..................................................................................................... 23214.5.8. Block Model Geometry ..................................................................................... 23214.5.9. Mineralized Zone Block Model ......................................................................... 233

14.5.10.

Grade Block Model ........................................................................................... 23314.5.11. Resource Categories ....................................................................................... 233

14.5.12. Minimum Cut-off Value ..................................................................................... 23414.5.13. Mineral Resource Estimate Results ................................................................. 23614.5.14. Comparison to Previous Mineral Resource Estimates ..................................... 236

14.6. Resource Estimate of the Sixteen Zone ..................................................................... 23714.6.1. Methodology ..................................................................................................... 23714.6.2. Drill Hole Sample Database ............................................................................. 23714.6.3. Interpretation of Mineralized Zones .................................................................. 23714.6.4. High Grade Capping ........................................................................................ 23814.6.5. Compositing ..................................................................................................... 24114.6.6. Variography ...................................................................................................... 241

14.6.7.

Bulk Density ..................................................................................................... 243

14.6.8. Block Model Geometry ..................................................................................... 24314.6.9. Mineralized Zone Block Model ......................................................................... 24414.6.10. Grade Block Model ........................................................................................... 24414.6.11. Resource Categories ....................................................................................... 24414.6.12. Minimum Cut-off Value ..................................................................................... 24514.6.13. Mineral Resource Estimate Results ................................................................. 24514.6.14. Comparison to previous mineral resource estimates ....................................... 246

14.7. Mineral Resources for the Sigma-Lamaque Project ................................................... 24714.7.1. 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 ................................................................................................................. 25216.3. Mineral Resources considered in the Mining Plan ...................................................... 25316.4. Preliminary Geotechnical Assessment ....................................................................... 254

16.4.1. Rock Quality Designation (RQD) ..................................................................... 25516.4.2. Total Core Recovery (TCR) ............................................................................. 25516.4.3. ISRM field hardness ......................................................................................... 25616.4.4. Fracture Frequency and Fracture Spacing ...................................................... 25716.4.5. Crown Pillar ...................................................................................................... 25716.4.6. Typical Ground Support Patterns ..................................................................... 25716.4.7. Summary of Geotechnical Data ....................................................................... 259

16.5. Mining Method ............................................................................................................ 260

16.5.1.

Long-hole Method ............................................................................................ 260

16.5.2. Room and pillar ................................................................................................ 26316.6. Existing mine infrastructure ......................................................................................... 26316.7. Dewatering .................................................................................................................. 26616.8. Underground mine design ........................................................................................... 266

16.8.1. North Zones development ................................................................................ 26616.8.2. North Zones sequence ..................................................................................... 26916.8.3. South Zones development ............................................................................... 271


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16.8.4. South Zones sequence .................................................................................... 27316.9. Mining dilution and recoveries .................................................................................... 27316.10.Mining rate .................................................................................................................. 27316.11.Mine plan schedule criteria ......................................................................................... 274

16.12.

Equipment ................................................................................................................... 27416.13.Manpower requirements ............................................................................................. 275

16.14.Development and production schedule ....................................................................... 27816.15.Mining services ........................................................................................................... 279

16.15.1. Ventilation for North and South Zones ............................................................. 27916.15.2. Dewatering ....................................................................................................... 281

16.15.2.1. Dewatering: North Zones .......................................................................................... 28116.15.2.2. Dewatering: South Zones .......................................................................................... 282

16.15.3. Compressed air ................................................................................................ 28316.15.4. Industrial water ................................................................................................. 28316.15.5. Underground power distribution ....................................................................... 284

17. RECOVERY METHODS ................................................................................................ 285

17.1.

Description of Sigma Mill Mineral Processing Facility ................................................. 28517.1.1. Crushing Circuit ................................................................................................ 285

17.1.2. Grinding and Gravity Circuits ........................................................................... 28517.1.3. Thickener, Leach and Carbon-in-Pulp Circuits ................................................ 28617.1.4. Elution, Refinery and Carbon Regeneration .................................................... 28617.1.5. Tailings and Cyanide Destruction .................................................................... 287

17.2. Expected Recovery ..................................................................................................... 287

18. PROJECT INFRASTRUCTURE .................................................................................... 289

18.1. Plant and site layout .................................................................................................... 28918.2. Surface Electrical Installation and Distribution ............................................................ 29318.3. Site Access ................................................................................................................. 29318.4. Camp .......................................................................................................................... 29318.5.

Mine Site Entrance/Guardhouse ................................................................................. 293

18.6. Office Building and Dry Complex ................................................................................ 29318.7. Service Buildings ........................................................................................................ 29418.8. Site Roads .................................................................................................................. 29418.9. Compressor Building ................................................................................................... 29418.10.Fuel Storage ............................................................................................................... 29418.11.Site Fencing ................................................................................................................ 29418.12.Water Systems ............................................................................................................ 29418.13.Communication System .............................................................................................. 29418.14.Sewage ....................................................................................................................... 29518.15.Water Treatment Plant and Settling Pond .................................................................. 29518.16.Mineralized Material Stockpile .................................................................................... 29518.17.

Waste Stockpile .......................................................................................................... 295

18.18.Overburden Stockpile ................................................................................................. 29618.19.Tailings Storage Facility and Water Management ...................................................... 29618.20.Project Implementation Schedule ............................................................................... 29718.21.All-Terrain Vehicule Trail ............................................................................................. 298

19. MARKET STUDIES AND CONTRACTS ....................................................................... 299

19.1. Market Studies ............................................................................................................ 29919.2. Contracts ..................................................................................................................... 299


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20. ENVIRONMENTAL STUDIES, PERMITTING, AND SOCIAL OR COMMUNITYIMPACT ......................................................................................................................... 300

20.1. Regulations and Permitting ......................................................................................... 30020.1.1. Federal Regulations and Permitting ................................................................. 300

20.1.2.

Provincial Regulations and Permitting ............................................................. 30120.2. Environmental Baseline Study Lamaque South Property ........................................ 304

20.3. Environmental Effects Monitoring Studies conducted at the Sigma-Lamaque MiningComplex ................................................................................................................................. 30520.4. Tailings Impoundment Area ........................................................................................ 30620.5. Operations .................................................................................................................. 310

20.5.1. Tailings Management ....................................................................................... 31020.5.2. Waste Rock Management ................................................................................ 31020.5.3. Mine Water & Process Water Treatment ......................................................... 31020.5.4. Site Drainage ................................................................................................... 311

20.6. Reclamation ................................................................................................................ 31120.6.1. Monitoring Program after Closure .................................................................... 313

20.7.

Socio-Economic Setting .............................................................................................. 316

21. CAPITAL AND OPERATING COSTS ........................................................................... 319

21.1. Capital Costs ............................................................................................................... 31921.1.1. Surface Infrastructure ....................................................................................... 32021.1.2. Mobile Equipment ............................................................................................ 32121.1.3. Development and Capitalized Operating Costs ............................................... 32121.1.4. Mill Refurbishment ........................................................................................... 32221.1.5. Tailings ............................................................................................................. 32321.1.6. Owners Costs .................................................................................................. 32421.1.7. Salvage Value .................................................................................................. 32421.1.8. Closure Cost .................................................................................................... 32421.1.9. Capitalized Revenue ........................................................................................ 324

21.2.

Operating Costs .......................................................................................................... 324

21.2.1. Definition Drilling .............................................................................................. 32521.2.2. Stope Development .......................................................................................... 32521.2.3. Mining Costs .................................................................................................... 32521.2.4. Integra Gold Staff ............................................................................................. 32621.2.5. Energy Cost ..................................................................................................... 32621.2.6. Milling ............................................................................................................... 32621.2.7. Transportation Cost .......................................................................................... 32721.2.8. Environment ..................................................................................................... 32721.2.9. Capitalized Opex .............................................................................................. 32821.2.10. Taxes and Royalties ......................................................................................... 328

22. ECONOMIC ANALYSIS ................................................................................................. 329

22.1. Financial Analysis ....................................................................................................... 32922.2. Sensitivity Analysis ..................................................................................................... 332

22.2.1. Discount Rate Sensitivity ................................................................................. 336

23. ADJACENT PROPERTIES ............................................................................................ 337

23.1. Globex Mining Corporation ......................................................................................... 33723.2. Alexandria Minerals Corporation ................................................................................. 33723.3. QMX Gold Corporation ............................................................................................... 33723.4. 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 ................................................................. 34125.2.

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 provincialborders, and major cities ................................................................................... 54

Figure 4.2 Location of the Lamaque Project with respect to other mining centres in theAbitibi region. Source: GESTIM (MNR) and Google Earth ................................ 55Figure 4.3 Claim map of the Lamaque Project, Bourlamaque and Louvicourt townships,

Qubec, Canada. Source: GESTIM (MNR), Government of Qubec, as ofJanuary 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 ofQubec, as of January 9, 2014 .......................................................................... 62Figure 4.7 Claim map of the Sigma II property, Louvicourt Township, Qubec, Canada.

Source: GESTIM, MNRF, Government of Qubec, as of January 9, 2015 ....... 63Figure 4.8 Sigma-Lamaque property and Cit de l'Or Mining Museum boundaries. Source:

Century (May 13, 2013) ..................................................................................... 64Figure 5.1 Location and access of the former mine sites comprising part of the Lamaque

Project, Bourlamaque Township, Province of Qubec ...................................... 77Figure 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 MiningCorporation. ....................................................................................................... 91

Figure 7.1 Simplified map of the Abitibi Greenstone Belt showing the distribution of majorfault zones and gold deposits (Poulsen et al., 2000). ........................................ 93

Figure 7.2 Simplified regional geology of the Lamaque Project area. Modified from Piloteet al. (1999). ....................................................................................................... 94

Figure 7.3 Simplified geology map for the Sigma and Lamaque deposits. Modified fromSauv et al. (1993). ........................................................................................... 96

Figure 7.4 Simplified vertical cross section of the Sigma and Lamaque mine. A: Crosssection looking east through the Sigma mine (modified from Robert andBrown, 1986). B: Cross section looking west through the Lamaque main


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mine (modified from Wilson, 1948). C: Cross section looking north throughthe Lamaque No. 2 mine (from Bdard, 1979). ................................................. 97

Figure 7.5 Geological map of the Lamaque Project, excluding the Sigma II property area ..... 99Figure 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 andunderground workings. Photograph taken during Micons site visit in May,2013. ................................................................................................................ 105

Figure 7.8 Subhorizontal quartz-tourmaline-carbonate veins in the Sigma open pit. ............ 106Figure 7.9 Quartz-tourmaline-carbonate vein (flat vein). Photograph taken during Micons

site visit in May, 2013. ..................................................................................... 107Figure 7.10 Lamaque South property geology and mineralized zones (from Beauregard et

al., 2011) .......................................................................................................... 109Figure 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. ................. 114Figure 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-hostedquartz-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 ............................... 127Figure 10.2 Location of diamond drill holes in the No. 3 mine area ....................................... 130Figure 10.3 Location of diamond drill holes from diamond drilling programs on the Parallel

Zone ................................................................................................................. 133Figure 10.4 Location of diamond drill holes from diamond drilling programs on the Sixteen

Zone ................................................................................................................. 136Figure 10.5 Location of diamond drill holes from diamond drilling programs on No. 6 Vein .. 137Figure 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 FortuneZone ................................................................................................................. 145Figure 10.8 Location of diamond drill holes from 2014 diamond drilling program on No. 5

Plug .................................................................................................................. 147Figure 10.9 Location of diamond drill holes from diamond drilling program on the Parallel

Ramp Zone ...................................................................................................... 149Figure 10.10 Location of diamond drill holes diamond drilling program on geophysical

targets .............................................................................................................. 151Figure 14.1 Wireframe solids of the Fortune Zone (formerly the Forestel Zone). .................. 178Figure 14.2 Comparative histogram ....................................................................................... 180Figure 14.3 Probability plot ..................................................................................................... 181Figure 14.4 Omnidirectional variography. .............................................................................. 183Figure 14.5 Sensitivity of estimates to different cut-off values. .............................................. 186Figure 14.6 Wireframe solids of the Parallel Zone. ................................................................ 190

Figure 14.7 Comparative histogram ....................................................................................... 192Figure 14.8 Capping effect on total ounces ............................................................................ 193Figure 14.9 Effect of length on grade ..................................................................................... 194Figure 14.10 Wireframe solids from No. 4 Plug. .................................................................... 202Figure 14.11 Grade distribution within the High Probability to be Mineralized Zone. ............. 204Figure 14.12 Grade versus length. ......................................................................................... 205Figure 14.13 Directional variography of the Gauss transformed data. ................................... 207


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Figure 14.14 Selectivity capability according to SMU size ..................................................... 211Figure 14.15 Wireframe solids from the Triangle Zone. ......................................................... 214Figure 14.16 Probability plot. .................................................................................................. 216Figure 14.17 Effect of capping in resource estimation. .......................................................... 217

Figure 14.18 Model Variogram for Vein T10 .......................................................................... 220Figure 14.19 Mineralized Zone classification M/N .................................................................. 222

Figure 14.20 Wireframe solids from Vein No. 6 ..................................................................... 227Figure 14.21 Probability plot (Vein No. 6) .............................................................................. 229Figure 14.22 Effect of capping on resource estimation (Vein No. 6) ...................................... 230Figure 14.23 Omnidirectional variography (Vein No. 6) ......................................................... 232Figure 14.24 Wireframe solids of the Sixteen Zone. .............................................................. 238Figure 14.25 Capping grade distribution versus % ounces lost (Sixteen Zone) ..................... 240Figure 14.26 Grade distribution within the High Probability Ore (Sixteen Zone) .................... 241Figure 14.27 Omnidirectional variography of the composites (Sixteen Zone) ........................ 243Figure 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. ..................... 259Figure 16.4 Typical isometric long hole stope view of the North Ramp and Triangle zones. . 261Figure 16.5 Typical longitudinal stope view of the North Zones and Triangle Zones ............. 262Figure 16.6 Typical drilling patterns in the No. 4 Plug ............................................................ 262Figure 16.7 Typical room and pillar design ............................................................................ 263Figure 16.8 Plan view of existing infrastructure belonging to the Lamaque Project ............... 265Figure 16.9 Longitudinal view of the Parallel Zone (incl. the No. 7 veins) and the Fortune

Zone, looking north. ......................................................................................... 267Figure 16.10 Plan view of the Parallel-Fortune connection. ................................................... 268Figure 16.11 Longitudinal view of the Parallel Zone without the No. 7 veins, looking north. . 270Figure 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 ........................................................... 281Figure 16.15 Longitudinal view of the dewatering system for the Parallel and Fortune

zones, looking west. ........................................................................................ 282Figure 16.16 Longitudinal view of the Triangle Zone and No. 4 Plug dewatering system,

looking west. .................................................................................................... 283Figure 17.1 Sigma Mill Simplified Flowsheet .......................................................................... 288Figure 18.1 Surface view of the Sigma-Lamaque and Lamaque South properties. ............... 290Figure 18.2 Surface view of the Sigma-Lamaque property. ................................................... 291Figure 18.3 Surface view of the Lamaque South property. .................................................... 292Figure 18.4 View of the existing tailings impoundments at the Sigma mine .......................... 297Figure 20.1 Sigma tailings impoundment at end of Year 4 .................................................... 309Figure 22.1 Sensitivity analysis of economical parameters, after-tax NPV at 5% (millions $) 333Figure 22.2 Sensitivity analysis of grade, after-tax NPV at 5% (millions $) ............................ 334

Figure 22.3 Sensitivity analysis of economical parameters, after-tax IRR ............................. 335Figure 22.4 Sensitivity analysis on grade, after-tax IRR ........................................................ 336Figure 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 ..................................... 66Table 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. ................................................... 85Table 6.3 Summary of the 2010 Sigma-Lamaque Project Production Statistics ...................... 86Table 6.4 Drilling and exploration from January 2003 to December 2014 ............................... 88Table 6.5 Significant results from the 2010 surface drilling program at the Bdard Dyke ........ 90Table 6.6 Production in 2011 and 2012 ................................................................................... 92Table 10.1 2014 Technical Parameters on the Sigma-Lamaque (Parallel Ramp Area) ........ 125Table 10.2 2013 technical parameters on the South Triangle Zone ...................................... 126Table 10.3a 2013 technical parameters in the No. 3 mine area ............................................. 128Table 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 ................................................ 134Table 10.5b 2012 technical parameters on the No. 6 Vein .................................................... 134Table 10.6a 2014 technical parameters on the Triangle Zone .............................................. 138Table 10.6b 2014 technical parameters on the Triangle Zone ............................................... 139Table 10.6c 2015 Technical Parameters on the Triangle Zone ............................................. 140Table 10.7 2014 Technical Parameters on the Fortune Zone ............................................... 143Table 10.8 2014 Technical Parameters on Plug 5 Zone ....................................................... 146Table 10.9a 2014 Technical Parameters on Exploration Program ......................................... 148Table 10.9b 2015 Technical Parameters on Exploration Program ......................................... 148Table 10.10a 2014 Technical Parameters on Exploration Program ....................................... 150Table 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 ................................................ 153Table 10.14 2014 Technical Parameters on the Triangle Zone ............................................. 154Table 10.15 2014 Technical Parameters on the Sixteen Zone .............................................. 154Table 12.1 Frequency and tonnage of scoop and truck sampling by equipment size ........... 163Table 13.1 Composite Samples: Origin and Weight .............................................................. 166Table 13.2 Ball Mill Work Index .............................................................................................. 166Table 13.3 Head Assay Summary .......................................................................................... 167Table 13.4 Trace Mineral Search High-Grade Gold Samples ............................................. 168Table 13.5 Gravity and Cyanide Leach Conditions and Recoveries ................................... 169Table 13.6 Summary of Flotation Gold Recoveries ................................................................ 170Table 13.7 Gold Recoveries Flotation, Regrind and Cyanide Leach of Concentrate and

Tailings ............................................................................................................ 170

Table 13.8 Summary of Chemical Assays ............................................................................. 171Table 13.9 Flowsheet 1 Recoveries ....................................................................................... 172Table 13.10 Flowsheet 2 Recoveries ..................................................................................... 172Table 13.11 Flowsheet 3 Recoveries ..................................................................................... 172Table 14.1 Total Indicated Resource Estimate by zone using a 3.00 g/t Au cut-off ............... 175Table 14.2 Total Inferred Resources Estimate by zone using a 3.00 g/t Au cut-off ............... 175Table 14.3 Key parameters for Mineral Resource Estimates by zone ................................... 176


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Table 14.4 Fortune Zone Mineral Resources ......................................................................... 187Table 14.5 Geometry of the area where grade is over 3 g/t Au ............................................. 189Table 14.6 Interpolation parameters ................................................................................

43 101 lamaque 2015 updated resources comp

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