Integra Gold Corp. launches $1,000,000 crowd-sourcing gold rush challenge
Integra Gold Corp., is looking for 'digital prospectors' to help analyze and pinpoint their next big gold find. — Photo courtesy www.integragold.com
VANCOUVER, BC: Integra Gold Corp. (TSX-V: ICG, OTCQX: ICGQF) ("Integra" or the "Company") is giving the term "data mining" a whole new meaning with the launch of its Integra Gold Rush Challenge, a form of crowdsourcing it hopes will lead it to the next big gold discovery at its Sigma-Lamaque gold property in Val-d'Or, Québec.
The Data
In October 2014, Integra completed the acquisition of the Sigma/Lamaque Mine and Mill complex immediately adjacent to its Lamaque South project and in doing so became the owner of 6 terabytes of historical mining and exploration data in a digital format. The Company has spent the last 6 months compiling this information which, once completed, will be released to the public in one consolidated database. The data dates back to 1933 and includes over 30,000 historic drill holes, more than 50,000 gold assays, hundreds of kilometres of mined underground workings, other mining statistics and photos. Integra is in the process of verifying and digitizing additional information, which it expects to release to contestants in September via a special website. Integra says that to its knowledge, no mining company has released such a large amount of proprietary information to the public before.
As highlighted in a recent press release the Company believes there is a wealth of potential gold exploration targets that are expected to be generated as a result of this unprecedented digital database that spans more than 75 years of history (see Company press release June 18, 2015).
The Gold Rush Challenge
Online prospectors will analyze and interpret the data to come up with a plan on where they think Integra has the best chance of making a major gold discovery. Further details on what specific types of submissions the Company is looking for will be announced in the coming months, prior to the database being made public in September.
The prize of CAD $1,000,000, which will be broken out into a number of categories, will be awarded to whomever comes up with what the Company and the competitions board of advisors believe is the highest probability location for a major gold discovery. Integra has already made significant headway in raising the award money through sponsorships and plans to announce the winners next March in Toronto at the PDAC mining conference.
To view a visual infographic summarizing the Integra Gold Rush Challenge, click on the link below:
