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Exploring Today's Gold Stocks: Week of April 28, 2008

Australian Stock up 25% After Finding "Biggest Gold Drill Intercept to Date"

By Luke Burgess
Monday, April 28th, 2008

Integra Mining Ltd. (ASX: IGR, Pinksheets: ITGRF) is an Australian-based mineral firm engaged in the exploration of gold, nickel, copper, zinc sulphides, platinum group elements and uranium.

The company controls a consolidated regional tenement package of approximately 2,200 square kilometers in a highly prospective and under-explored region east of the world-class Kalgoorlie mining district in Western Australia called the Aldiss-Randalls gold project, among several other projects located within two South Australian mineral prospective provinces.

Integra's comprehensive re-evaluation and aggressive exploration programs have produced a combined 1.2 million ounce JORC compliant gold resource for the 100%-owned Aldiss-Randalls project.what_is_JORC.png

The company's stated resources estimate is currently 14 million tonnes grading 2.6 g/t for 1.2 million ounces of contained gold. Approximately 948,000 ounces (79%) of these resources qualify for the JORC indicated category, underlining the high level of confidence in the resources estimates.

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

Most recently, Integra announced that it has received the "biggest gold drill intercept to date" from the Salt Creek gold deposit at its Aldiss-Randalls gold project, an outstanding near-surface intersection of 78 meters grading 5.77 g/t gold.

Included in this intercept are two discrete zones of mineralization, 54 meters grading 7.18 g/t gold from 78 meters drill depth (including 9 meters grading 20.87 g/t gold) and 16 meters grading 3.67 g/t gold from 139 meters drill depth. These results are adjacent to drill hole SKRC147, which also returned an interval of 38 meters grading 3.06 g/t gold from 70 meters drill depth.

IGR has increased over 25% since the announcement of these latest drill results. The company hopes to continue adding to shareholder value as more positive drill results from the Salt Creek gold deposit are released and an updated JORC compliant resource estimate is expected near the end of May.


New and Ongoing Exploration Programs

Northern Freegold Resources Ltd. • TSX-V: NFR
Share Price: C$0.47

Northern Freegold has commenced drilling in the Nucleus Zone on the district scale 166 square km Freegold Mountain project in the Yukon Territory. The initial 8 holes of the 25,000-meter 2008 program will strategically drill test the area surrounding holes GRD07-41 and GRD07-58, which returned 72 meters of 2.5 grams per tonne (g/t) gold and 75 meters of 4.26 g/t gold respectively, and highlighted a higher grade gold trend with the Nucleus Zone, a low grade, bulk tonnage gold target.

Two of the four drills will focus on the Nucleus Zone in order that the company may calculate a NI 43-101 compliant resource at the Nucleus Zone upon results from the 2008 season. The 3rd drill will be focused at the Tinta Zone, a polymetallic vein system 20 km from the Nucleus Zone. A NI 43-101 compliant resource will also be calculated at the Tinta Zone, upon receipt of results. The 4th drill will explore the central area of the Freegold Mountain Project and will be following up on the 53 meters of 3.6 g/t gold discovered in the Goldy Zone in 2007, as well as the porphyry style mineralization discovered at the Stoddart Zone, and the high grade gold mineralization at the Ridge Zone, and other zones of interest.

First Gold Exploration Inc. • TSX-V: EFG
Share Price: C$0.25

First Gold announced that it has signed an agreement for a new drill program that includes a minimum of 5,000 meters of diamond drilling on the Croinor project, which is under option from X-Ore Resources Inc. (TSX-V: XOR). The program will begin on May 5th.

Golden Harp Resources Inc. • TSX-V: GHR
Share Price: C$0.25

Golden Harp has recently completed a diamond drill program which tested priority targets in and around the Cook Gold and the MC Gold zones on its100%-owned Copper Hill project, located approximately 100 km due south of Timmins, Ontario. Twelve holes totaling 2,043 meters were drilled since the program began on March 26th. All drill core samples have been shipped to the assay lab for gold and base metal analysis and the company says that assay data will be released in a timely fashion as results are received for the individual target areas.

Ginguro Exploration Inc. • TSX-V: GEG
Share Price: C$0.45

Ginguro Exploration announced that a 3,000-meter drill program will commence on its Minnitaki Gold project, located approximately 12 km south of the town of Sioux Lookout, Ontario. Ginguro has identified 12 gold occurrences on the property in association with splays off of the east-northeast trending Ruby Island Deformation zone. Sampling highlights include length weighted channel sample assay results of 5.73 g/t gold over 2.9 meters, including 10.45 g/t gold over 1.4 meters, and 8.97 g/t gold over 1.65 meters, and grab samples up to 117.73 g/t gold. Mineralization remains open in all directions and has been traced for approximately 3.2 km, over an approximate width of 1.8 km, along this regional deformation zone.

Ontex Resources Ltd. • TSX: ONT
Share Price: C$0.32

Ontex Resources has begun a new 8,000 meter, diamond drill program located on its 100% owned Brookbank gold deposit in the Beardmore-Geraldton area of northern Ontario. The first diamond drill hole is in progress and is targeting the Brookbank gold deposit at about 400 meters below surface. An NI 43-101 compliant technical report for the Brookbank deposit was filed on April 28, 2006 and estimated the indicated and inferred mineral resources at 2.0 g/t gold, 3.0 g/t gold, 4.5 g/t gold and 6.0 g/t gold. Given the then current price of gold in the $600/oz range it was concluded that 3.0 g/t gold be used as a reasonable grade cut-off.

African Aura Resources Ltd. • TSX-V: AAZ
Share Price: C$0.40

African Aura has commenced a phase I, 5,000-meter diamond drilling programmat its 100% owned Batouri gold project. The 47-hole is currently underway testing areas where vertical channel sampling in pits returned up to 65 g/t gold over 5 meters.


New Drill Results

Troy Resources NL • ASX: TRY, TSX: TRY
Share Price: AU$2.45

Two Mile Hill prospect, Sandstone property, Australia

Drilhole ID Number Intersection
Gold Grade
Comments
TDD034
141.00 meters 2.30 g/t
n/a
including
108.00 meters2.59 g/t n/a
and
50.00 meters2.71 g/t n/a
including
1.00 meter109.00 g/t visable gold


ATW Venture Corp. • TSX-V: ATW
Share Price: C$0.75

Alliance and New Alliance targets, Burnakura Mine, Australia

Drilhole ID Number Intersection
Gold Grade
Comments
FC561
1.00 meter 33.60 g/t
n/a
FC562
1.00 meter39.60 g/t n/a
NARD141
4.30 meters55.20 g/t n/a


Integra Mining Ltd. • ASX: IGR
Share Price: AU$0.67

Salt Creek deposit, Aldiss-Randalls project, Australia

Drilhole ID Number Intersection
Gold Grade
Comments
SKRC145
78.00 meters 5.77 g/t
great interception
including
54.00 meters7.18 g/t n/a
and
38.00 meters3.06 g/t n/a
and
55.00 meters2.75 g/t n/a


Almaden Minerals Ltd. • AMEX: AAU, TSX: AMM
Share Price: US$2.27

Cerro la Paila target, Caballo Blanco project, Mexico

Drilhole ID Number Intersection
Gold Grade
Comments
07CBN-004
94.49 meters 2.09 g/t
included 1.4 g/t silver, really great Mexican interception
including
39.62 meters3.93 g/t included 2.3 g/t silver
08CBN-005131.06 meters0.53 g/t inculded 1.4 g/t silver
including
53.34 meters0.79 g/t included 2.3 g/t silver
including
24.38 meters1.08 g/t included 2.0 g/t silver


Keegan Resources Inc. • AMEX: KGN, TSX-V: KGN
Share Price: US$3.41

Esaase project, Ghana

Drilhole ID Number Intersection
Gold Grade
Comments
KER262
50.00 meters 1.74 g/t
n/a
KER296
132.00 metedrs0.95 g/t nice wide interception
KEDD291
13.00 meters4.19 g/t n/a
KEDD270
28.00 meters1.41 g/t n/a
KER273
40.00 meters1.20 g/t n/a


Did we miss a new exploration program or set of drill results that you think are noteworthy? Tell us by making a comment below.


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Comments:

Comment by Carmel Furness on 2008-05-01
Great to see you writing about some Aussie stocks. INTEGRA is a great story with top people running the show (NOT cowboys!!)It will take off soon. Gas already gone from .17 c to 60C in less than a year! I took the liberty to send Chris Cairns (CEO)a copy of your newsletter write up.
There is a Canadian Moly Co you should have a look at - lots of exciting things happening there. Name is TTM Resources (TTQ) on the Venture.

Comment by Watson Borthwick on 2008-04-29
Check out v.nvt NORTEX they just finished their 2nd drill programe in Finland with stellar results

Comment by Eric Theobald on 2008-04-28
Great article, full of interesting informantion -- will be looking up a few web sites. Take a look at TWD, Trade Winds Ventures -- joint venture partner of Detour Gold Corp, DGC.

All the best,
Eric

Comment by rico hammer on 2008-04-28
With Allen Carpenter in cntrl in WA it doesn't mean anything what a company finds.Word has it out of Australia that a bus would have to run him over 1st before any uranium mining is done in WA.The coal companies have this wessel in their back pockets & he's not changing his mind.Just like Bushy-boy an the big oil companies who fatten his pockets as well.You see, all the world leaders only care about are themselves;it's really sad !!!

"No man should be governed by another" - Luke Burgess
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