- Drill results from
Florida Mountain include:- FME-21-138 - 0.59 grams per tonne (“g/t”) gold (“Au”) and 15.01 g/t silver (“Ag”) (0.79 g/t gold equivalent (“AuEq”)) over 108.81 meters (“m”)
- Including 3.16 g/t Au and 131.00 g/t Ag (4.85 g/t AuEq) over 1.52 m
- FME-21-141 - 0.50 g/t Au and 41.50 g/t Ag (1.03 g/t AuEq) over 73.15 m
- Including 6.42 g/t Au and 745.00 g/t Ag (16.01 g/t AuEq) over 1.53 m
- Including 2.04 g/t Au and 539.00 g/t Ag (8.98 g/t AuEq) over 1.52 m
- FME-21-152 - 0.50 g/t Au and 31.63 g/t Ag (0.91 g/t AuEq) over 43.89 m
- FME-21-138 - 0.59 grams per tonne (“g/t”) gold (“Au”) and 15.01 g/t silver (“Ag”) (0.79 g/t gold equivalent (“AuEq”)) over 108.81 meters (“m”)
- Approximately the first 100 m of the
Florida Mountain deposit host oxide and transitional gold-silver mineralization that could be amenable to heap leaching. The drill results announced today continue to demonstrate the strong continuity and grade of the oxide and transitional material destined for the heap leach pad as demonstrated in the Company’s 2022 Pre-feasibility Study (“PFS”). - Drill results from BlackSheep include:
- IGE-21-004 - 0.52 g/t Au and 110.58 g/t Ag (1.94 g/t AuEq) over 6.86 m
- LDE-21-005 - 0.59 g/t Au and 11.23 g/t Ag (0.73 g/t AuEq) over 48.77 m
- Including 8.62 g/t Au and 17.57 g/t Ag (8.85 g/t AuEq) over 1.52 m
- The BlackSheep target is a highly prospective, 25 square kilometer greenfield exploration target northwest of the DeLamar Deposit. Integra has done very limited exploration drilling in BlackSheep to date; however, the initial drill results suggest that BlackSheep could contain multiple oxide and transitional gold-silver targets that could further complement DeLamar.
- Generally, the first 40 m of material at BlackSheep is oxide and transitional and could be amenable heap leaching, subject to further metallurgical testwork. The Company also completed an extensive surface mapping and sampling program at BlackSheep, surface assay samples include:
Lucky Days – 2.76 g/t Au and 586.00 g/t Ag (10.30 g/t AuEq)- Georgianna – 13.33 g/t Au and 109.57 g/t Ag (14.74 g/t AuEq)
- Twin Peaks – 6.12 g/t Au and 330.00 g/t Ag (10.37 g/t AuEq)
- With the exception of a portion of drill hole FME-21-138, none of the results released today were included in the recent 2022 Resource Estimate, further demonstrating upside potential for future gold and silver resource expansion at DeLamar.
- The Company is currently drilling the low-grade, gold-silver stockpiles at DeLamar left behind by previous operators.
“Over the past 4 years of exploration work and economic studies, which include a Preliminary Economic Assessment and Pre-feasibility Study, one item has continued to demonstrate strong relevance at DeLamar, the vast, untapped and untested gold-silver upside potential of the Project. Multiple targets for resource expansion are located in proximity to and outside of the known gold-silver deposits at DeLamar and
“As outlined in the Pre-feasibility Study, DeLamar has the potential to produce a significant amount of gold and silver with high-margins and low up-front capital. This profitable project will likely be further enhanced in the future through the exploration and drilling of multiple targets around DeLamar, as shown with these drill results. Even as the Company progresses the project into permitting and mine development, exploration and resource expansion will continue to be a key focus of the Company.”
The following table highlights selected intercepts from
Drill Hole | From (m) | To (m) | Interval (m) | g/t Au | g/t Ag | g/t AuEq |
FME-21-138 | 0.00 | 108.81 | 108.81 | 0.59 | 15.01 | 0.79 |
including | 26.52 | 28.04 | 1.52 | 3.16 | 131.00 | 4.85 |
FME-21-138 | 151.18 | 152.55 | 1.37 | 0.87 | 342.00 | 5.27 |
FME-21-140 | 0.00 | 14.94 | 14.94 | 0.20 | 6.48 | 0.28 |
FME-21-140 | 31.70 | 64.31 | 32.61 | 0.24 | 6.81 | 0.32 |
FME-21-140 | 84.28 | 153.01 | 68.73 | 0.31 | 10.00 | 0.44 |
including | 119.48 | 121.01 | 1.53 | 3.78 | 92.40 | 4.97 |
FME-21-140 | 169.47 | 187.91 | 18.44 | 0.44 | 11.61 | 0.58 |
FME-21-141 | 0.00 | 69.19 | 69.19 | 0.29 | 10.47 | 0.42 |
including | 12.04 | 13.56 | 1.52 | 1.46 | 198.00 | 4.01 |
FME-21-141 | 112.78 | 185.93 | 73.15 | 0.50 | 41.50 | 1.03 |
including | 115.82 | 117.35 | 1.53 | 6.42 | 745.00 | 16.01 |
including | 157.58 | 159.11 | 1.53 | 1.30 | 147.00 | 3.20 |
including | 166.73 | 168.25 | 1.52 | 2.04 | 539.00 | 8.98 |
FME-21-142 | 0.00 | 68.89 | 68.89 | 0.21 | 7.60 | 0.30 |
FME-21-142 | 103.94 | 105.46 | 1.52 | 2.22 | 2.89 | 2.26 |
FME-21-142 | 138.07 | 178.31 | 40.24 | 0.65 | 8.53 | 0.76 |
including | 177.09 | 178.31 | 1.22 | 11.61 | 32.92 | 12.04 |
FME-21-143 | 32.92 | 69.49 | 36.57 | 0.28 | 20.11 | 0.53 |
including | 32.92 | 34.44 | 1.52 | 4.92 | 30.01 | 5.30 |
FME-21-143 | 147.98 | 151.18 | 3.20 | 7.53 | 22.99 | 7.83 |
including | 147.98 | 148.74 | 0.76 | 29.53 | 92.75 | 30.73 |
FME-21-145 | 134.11 | 135.64 | 1.53 | 4.95 | 5.82 | 5.02 |
FME-21-151 | 93.88 | 128.93 | 35.05 | 0.41 | 4.56 | 0.47 |
FME-21-152 | 43.28 | 87.17 | 43.89 | 0.50 | 31.63 | 0.91 |
including | 58.83 | 61.87 | 3.04 | 5.46 | 278.50 | 9.04 |
FME-21-152 | 101.04 | 102.57 | 1.53 | 0.01 | 145.00 | 1.88 |
FME-21-152 | 124.05 | 181.97 | 57.92 | 0.14 | 8.75 | 0.25 |
FME-21-153 | 52.73 | 126.34 | 73.61 | 0.14 | 16.15 | 0.34 |
FME-21-153 | 140.67 | 142.19 | 1.52 | 2.55 | 3.76 | 2.60 |
FME-21-153 | 187.91 | 208.18 | 20.27 | 0.43 | 17.16 | 0.65 |
including | 187.91 | 189.59 | 1.68 | 0.87 | 98.13 | 2.13 |
FME-21-153 | 226.47 | 235.61 | 9.14 | 0.45 | 1.76 | 0.47 |
FME-21-153 | 374.14 | 375.97 | 1.83 | 0.61 | 136.67 | 2.36 |
including | 374.14 | 374.90 | 0.76 | 1.29 | 235.00 | 4.31 |
FME-21-153 | 399.50 | 404.17 | 4.67 | 2.07 | 259.52 | 5.41 |
including | 399.50 | 399.90 | 0.40 | 11.24 | 1148.00 | 26.01 |
including | 402.64 | 404.17 | 1.53 | 3.24 | 464.00 | 9.21 |
FME-21-154 | 53.80 | 56.85 | 3.05 | 1.12 | 40.89 | 1.65 |
(1) Downhole thickness: true width varies depending on drill hole dip; most drill holes are aimed at intersecting the vein structures close to perpendicular therefore true widths are close to downhole widths (approximately 70% conversion ratio)
(2) Gold equivalent = g Au/t + (g Ag/t ÷ 77.70). Rounding may cause minor discrepancies in the AuEq column.
(3) Intervals reported are uncapped
The intercepts reported today from
To view a drill plan map of
https://integraresources.com/site/assets/files/2572/drill_collar_location_-_fm_-_2022-10-20.pdf
To view cross sections of
https://integraresources.com/site/assets/files/2572/fm_cross_sections_oct_2022_138-152.pdf
https://integraresources.com/site/assets/files/2572/fm_cross_sections_-_oct_140-142.pdf
The following table highlights selected intercepts from BlackSheep drill results announced today:
Drill Hole | From (m) | To (m) | Interval (m) | g/t Au | g/t Ag | g/t AuEq |
IGE-21-003 | 43.74 | 47.40 | 3.66 | 2.21 | 147.87 | 4.12 |
IGE-21-004 | 36.73 | 43.59 | 6.86 | 0.52 | 110.58 | 1.94 |
IGE-21-004 | 109.12 | 130.45 | 21.33 | 0.15 | 5.62 | 0.22 |
LDE-21-004 | 182.88 | 210.31 | 27.43 | 0.15 | 12.91 | 0.32 |
including | 208.79 | 210.31 | 1.52 | 1.26 | 4.72 | 1.32 |
LDE-21-004 | 246.89 | 289.56 | 42.67 | 0.18 | 3.22 | 0.22 |
including | 246.89 | 248.41 | 1.52 | 1.08 | 4.42 | 1.14 |
LDE-21-005 | 70.10 | 91.44 | 21.34 | 0.17 | 24.61 | 0.49 |
including | 85.34 | 86.87 | 1.53 | 0.33 | 161.00 | 2.40 |
LDE-21-005 | 141.73 | 190.50 | 48.77 | 0.59 | 11.23 | 0.73 |
including | 143.26 | 144.78 | 1.52 | 8.62 | 17.57 | 8.85 |
(1) Downhole thickness: true width varies depending on drill hole dip; most drill holes are aimed at intersecting the vein structures close to perpendicular therefore true widths are close to downhole widths (approximately 70% conversion ratio)
(4) Gold equivalent = g Au/t + (g Ag/t ÷ 77.70). Rounding may cause minor discrepancies in the AuEq column.
(2) Intervals reported are uncapped
To view a drill plan map of the BlackSheep, please click on the following link:
https://integraresources.com/site/assets/files/2572/drill_collar_location_-_bs_-_2022-10-20.pdf
In 2020, the Company undertook a preliminary regional mapping program of the BlackSheep area. Additional detailed mapping was then undertaken to characterize the mineralization at Lucky Days. In 2022, a further mapping program was undertaken by the exploration team focusing on Twin Peaks and
The following table highlights selected surface samples from BlackSheep:
Area | g/t Au | g/t Ag | g/t AuEq |
1.24 | 50.20 | 1.89 | |
2.56 | 125.00 | 4.17 | |
2.49 | 79.80 | 3.52 | |
2.76 | 586.00 | 10.30 | |
1.31 | 2.35 | 1.34 | |
Georgianna | 13.33 | 109.57 | 14.74 |
Twin Peaks | 2.55 | 66.00 | 3.40 |
Twin Peaks | 6.12 | 330.00 | 10.37 |
Twin Peaks | 1.16 | 23.80 | 1.47 |
Twin Peaks | 2.15 | 80.30 | 3.18 |
Twin Peaks | 1.92 | 22.20 | 2.21 |
Twin Peaks | 1.61 | 10.20 | 1.74 |
Twin Peaks | 1.06 | 30.50 | 1.45 |
(1) Gold equivalent = g Au/t + (g Ag/t ÷ 77.70)
To view a map of BlackSheep targets, please click on the link below: https://integraresources.com/site/assets/files/2572/blacksheep_map_vuse.pdf
On-going Drill program:
The Company is currently engaged in a 11,000 m drill program designed to systematically test approximately 60 million tonnes of previously mined but not processed, oxidized and transitional gold-silver mineralisation that was stockpiled by previous mine operators. One drill rig is currently active on the project, with 9 drill holes completed in less than 2 weeks of drilling. It is expected that this drilling will take 3 to 4 months, with preliminary results scheduled to start arriving in the next 4 to 6 weeks. If successful, this program has the potential to add a vast amount of potentially heap leach gold-silver mineralization to future mine plans at a very low-cost base.
Sampling and QA/QC Procedure
Thorough QA/QC protocols are followed on the Project, including insertion of duplicate, blank and standard samples in the assay stream for all drill holes. The samples are submitted directly to
Qualified Person
The scientific and technical information contained in this news release has been reviewed and approved by
About
Integra is a development-stage mining company focused on the exploration and de-risking of the past producing DeLamar gold-silver project in
ON BEHALF OF THE BOARD OF DIRECTORS
President, CEO and Director
CONTACT INFORMATION
Corporate Inquiries: ir@integraresources.com
Company website: www.integraresources.com
Office phone: 1 (604) 416-0576
Forward looking and other cautionary statements
This news release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements”) within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussion with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often, but not always using phrases such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved) are not statements of historical fact and may be forward-looking statements. In this news release, forward-looking statements relate, among other things, to: statements about the scope, timing and completion of the Pre-feasibility study; estimates of metallurgical recovery rates and the contribution of silver production to mining operations; anticipated advancement of DeLamar and future exploration prospects.These forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business. Management believes that these assumptions are reasonable. Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include, among others: risks related to the speculative nature of the Company’s business; the Company’s formative stage of development; the Company’s financial position; possible variations in mineralization, grade or recovery rates; actual results of current exploration activities; actual results of reclamation activities; conclusions of future economic evaluations; business integration risks; fluctuations in general macroeconomic conditions; fluctuations in securities markets; fluctuations in spot and forward prices of gold, silver, base metals or certain other commodities; fluctuations in currency markets (such as the Canadian dollar to
Forward-looking statements contained herein are made as of the date of this news release and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results, except as may be required by applicable securities laws. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information.
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