Integra Gold Rush Challenge $1 million competition
Integra Gold Rush Challenge $1 million competition : Integra Gold is hosting the Integra Gold Rush Challenge, one of the largest ever mining industry incentive prize competitions to hunt down the next big gold discovery on their property located in Val-d'Or, Canada which literally translates to the "valley of gold".Val-d’Or, located on the eastern tip of the prolific Abitibi Gold Belt, has been on the map since 1923 when gold was first discovered in the area. The surrounding belt has produced more than 135 million ounces of the mineral. Adjacent to the town of Val-d'Or is the Lamaque Mine. Opened in 1935, it remained in operation for 50 years, processing more than 24 million tons of ore and 4.5 million ounces of gold.But in 1985, faced with labour unrest and a low international gold standard, the owners decided to cut their losses and closed production at their Lamaque Mine, leaving it to collect dust and fade into history as one of the longest operating and highest producing mines in the Abitibi Gold Belt.
The Lamaque mine remained untouched and relatively forgotten for nearly 30 years, until Integra purchased the original land, permits and infrastructure of the old Lamaque and Sigma mines out of bankruptcy in October, 2014. While the initial aim of this acquisition was the milling facility at surface, the truly important part of the purchase turned out to be... data. Lots of it. Over 6 terabytes of data was discovered, spanning 75 years of mining data from the historic Sigma and Lamaque mines.
Somewhere within the 2.7-million-year-old geology of the Canadian Shield, there was a treasure waiting to be found. However, at over 6 terabytes, the sheer volume of data we now have on these mines would take Integra years to analyze on their own. They need a faster and more cost-effective method to analyze and interpret the data to identify additional gold targets.
Integra Gold Rush Challenge, is an incentive prize to point us towards the next big gold deposit on their Sigma-Lamaque property. They want to unlock the value of this database by harnessing the collective brainpower of thousands of individuals around the world. They will be turning over their database to the public to help direct us towards this next discovery. The challenge is open to anyone, from any background. Integra will be offering prizes totalling CAD $1 million for the most innovative and comprehensive solutions.
Integra Gold Corp is a Canadian company focused on production planning for its high-grade Lamaque South project in one of Canada's premier gold producing districts, the "Valley of Gold," Val-d'Or, Québec. The Lamaque South property is divided into three clusters, the North, South and West cluster. The primary targets are the high-grade Parallel Zone in the North Cluster and the Triangle Zone in the South Cluster. The acquired Sigma Mill, located 1 kilometer from the Parallel Zone and 3 kilometers from the Triangle Zone, is a fully-permitted, 2,200 ton per day mill and tailings facility. The Sigma-Lamaque Mill and Mining Complex include the historic Sigma and Lamaque Mines which operated for 75 and 52 years respectively and produced more than 9 million ounces of gold in total.