Integra Resources Corp. announced drill results from the DeLamar Project located in southwestern Idaho. The drill results announced further demonstrate the resource upside potential of the project in multiple areas, including the highly prospective BlackSheep target located on trend northwest of the DeLamar Deposit.

The intercepts reported from Florida Mountain consist of mineralization with wide-spread low-grade gold-silver values, at times crosscut and underlain by narrower high-grade, steeply dipping low-sulphidation quartz-adularia veins. It is pertinent to note that with the exception of a portion of drill hole FME-21-138, none of the intercepts reported above were included in the 2022 DeLamar Resource Estimate completed alongside the PFS. It is also important to note that a large measure of some of the thicker intervals of mineralization reported contain oxide and transitional gold-silver mineralization which, given their location, could be amenable to heap leaching.

The BlackSheep District, which includes the Lucky Days and Georgianna Targets, is host to extensive gold-silver-arsenic soil geochemical anomalies analogous to the size and scope of gold-silver-arsenic anomalies present at the multi-million-ounce DeLamar and Florida Mountain deposits that are adjacent to this area. At the more deeply eroded DeLamar and Florida Mountain deposits, the high-grade vein mineralization which was discovered and mined historically was partially in outcropping and surrounded by a halo of low-grade stockwork mineralization, which was subsequently mined by open pit. At the BlackSheep District, which is less deeply eroded, only the upper part of the stockwork vein halo is exposed, and the higher-grade veins are interpreted as being 100 m to 200 m below the current level of exposure.

The drill results announced today targeted a very small fraction of these geochemically anomalous areas, with large tracts of land at both Georgianna and Lucky Days still to be drilled. In addition, multiple targets with large geochemical anomalies and mineralized surface showings within the BlackSheep District remain untested, including Twin Peaks, Statue Hills/Spain, Argentum and other highly gold-silver anomalous areas. This is a very large, 25 square kilometer area of untested potential.

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 Spain/Statue Hills to the North and an effort to map from Northern Lucky Days to Twin Peaks.

Though complete assays of all samples have not been received, preliminary grab sample assays are encouraging, including surface samples ranging from 1.06 g/t Au to 6.12 g/t Au. 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.