Integra Announces Oxide Drill Results: 0.52 G/T GOLD Equivalent over 102 M and 0.97 G/T GOLD Equivalent over 24 M from Delamar Stockpile Drill Program, 1.38 G/T GOLD Equivalent over 67 M IN Metallurgical Drilling
1050 – 400 Burrard Street
Vancouver, British Columbia, Canada
V6C 3A6
Email: [email protected]
FOR IMMEDIATE RELEASE TSXV: ITR; NYSE American: ITRG
January 10, 2023 www.integraresources.com
INTEGRA ANNOUNCES OXIDE DRILL RESULTS: 0.52 g/t GOLD EQUIVALENT OVER 102 M AND 0.97 g/t
GOLD EQUIVALENT OVER 24 M FROM DELAMAR STOCKPILE DRILL PROGRAM, 1.38 g/t GOLD
EQUIVALENT OVER 67 M IN METALLURGICAL DRILLING
• Drill results from DeLamar stockpile drill program include:
o NDM-22-037: 0.25 grams per tonne (“g/t”) gold (“Au”) and 21.38 g/t silver (“Ag”) (0.52 g/t
gold equivalent (“AuEq”)) over 102.11 m
o NDM-22-040: 0.34 g/t Au and 18.19 g/t Ag (0.58 g/t AuEq) over 83.82 m
o NDM-22-050: 0.28 g/t Au and 53.26 g/t Ag (0.97 g/t AuEq) over 24.38 m
o NDM-22-136: 0.32 g/t Au and 14.28 g/t Ag (0.50 g/t AuEq) over 85.34 m
o NDM-22-147A: 0.32 g/t Au and 19.60 g/t Ag (0.57 g/t AuEq) over 42.68 m
o NDM-22-143: 0.23 g/t Au and 19.25 g/t Ag (0.48 g/t AuEq) over 67.06 m
• The Company also announces drill results from metallurgical drill holes at DeLamar, including:
o IDM-22-211: 0.41 g/t Au and 75.37 g/t Ag (1.38 g/t AuEq) over 66.90 m
▪ Including 0.38 g/t Au and 1,251.00 g/t Ag (16.48 g/t AuEq) over 1.83 m
o IDM-22-214: 0.62 g/t Au and 7.85 g/t Ag (0.72 g/t AuEq) over 32.00 m
• The 11,000 m stockpile drill program at DeLamar continues to meet or exceed expectations in regard
to grade and intercept. In addition, the preliminary test work has demonstrated the potential of th is
oxidized gold-silver mineralized material to further extend the heap leach mine life.
• To date, the Company has tested the North DeLamar backfill, Stockpile 1 and Stockpile 2. In total the
Company has drilled 3,980 m in 86 drill holes as part of this drill program. The remaining stockpiles
will be drilled in the coming months.
• Due to the continued success of this drill program, the Company has increased the number of drills
on site to three, including two sonic drill rigs and one RC drill rig at Jacob’s Gulch on Florida Mountain.
• Stockpile drilling completed has encountered primarily oxide material with some mixed material as
well. Hot cyanide shakes are being performed on drilled material and suggest good heap leach
recovery potential. Based on past metallurgical work at DeLamar, preliminary test work on
mineralized material correlates well with bottle roll tests and column test work which will also b e
performed on this material in the future.
o Work on these drill results at the assay lab shows average Au cyanide shake recoveries of
greater than 70%.
• To view a video summary of today’s news release, please click on the following link:
https://youtu.be/YC1TiM3T6zY
Vancouver, British Columbia – Integra Resources Corp. (“Integra” or the “Company”) (TSX-V: ITR; NYSE
American: ITRG) is pleased to announce additional drill results from the DeLamar Project (“DeLamar” or
the “Project”) located in southwestern Idaho. The drill results announced today are from a metallurgical
drill program at DeLamar as well as 24 additional drill holes from the 11,000 m stockpile drill program at
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the Project. The stockpile drill program , the results of which continue to exceed expectations, has the
potential to extend the heap leach mine life and positively impact the already robust economics of the
DeLamar Project.
“On the back of the successful release of the first 10 drill holes from the stockpile drill program in
December 2 022, the Company is pleased to announce the next 24 drill holes from this program that
further demonstrate the immense value potential i n the 60 million tonnes of gold-silver mineralized
stockpile and backfill material left behind by previous mine operators. Today’s drill results are well within
our expected grade range of 0.3 g/t AuEq to 0.6 g/t AuEq and have the potential to provide material to
further expand the heap leach mine life at DeLamar. This material could enhance the strong economics of
the Proje ct presented in the 2022 Pre-feasibility Study while also creating significant value from the
portion of backfill material that was proposed to be handled as a pre-stripping cost in that study,” stated
George Salamis, President and CEO of Integra Resources. “The Company has increased the drill count on
the Project to three drill rigs as we continue the successful execution of the stockpile drill program in
anticipation of completing an updated r esource estimate on this material in the first half of 2023 . In
addition to these drill results , considerable mineralization in the metallurgical drill holes released today
further illustrate the strong gold-silver grades and significant widths at DeLamar. These metallurgical drill
results are significant as they exceed the average grade of the existing deposit, demonstrating continued
upside at the Project.”
The following table highlights selected intercepts from the DeLamar stockpile drill program announced
today:
Drill Hole From
(m) To (m) Interval
(m)
g/t
Au
g/t
Ag
g/t
AuEq
AuCN Shake
Recovery (%)
NDM-22-027 1.52 28.96 27.44 0.24 19.14 0.49 71.03
NDM-22-028 1.52 71.63 70.11 0.25 17.73 0.48 81.46
NDM-22-036 1.52 38.10 36.58 0.25 24.59 0.57 67.31
NDM-22-037 1.52 103.63 102.11 0.25 21.38 0.52 67.64
NDM-22-040 1.52 85.34 83.82 0.34 18.19 0.58 80.93
NDM-22-041 1.52 57.91 56.39 0.19 14.24 0.38 86.53
NDM-22-044 0.00 32.00 32.00 0.23 16.04 0.44 65.65
NDM-22-050 3.05 27.43 24.38 0.28 53.26 0.97 75.31
NDM-22-095 1.52 16.76 15.24 0.23 12.73 0.39 81.13
NDM-22-110 1.52 68.58 67.06 0.22 12.60 0.38 75.16
NDM-22-111 3.05 41.15 38.10 0.25 10.91 0.39 77.43
NDM-22-112 1.52 16.76 15.24 0.32 16.98 0.53 70.58
NDM-22-113 1.52 9.14 7.62 0.13 6.62 0.22 92.54
NDM-22-114 1.52 9.14 7.62 0.12 18.39 0.36 95.18
NDM-22-136 3.05 88.39 85.34 0.32 14.28 0.50 67.20
NDM-22-143 1.52 68.58 67.06 0.23 19.25 0.48 67.76
NDM22-147 0.00 73.15 73.15 0.26 15.37 0.46 77.66
NDM-22-147A 1.52 44.20 42.68 0.32 19.60 0.57 68.74
including gap 28.96 30.48 1.52 0.00 0.00 0.00 0.00
WD2-22-173 0.00 48.77 48.77 0.15 8.98 0.26 83.50
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WD2-22-177 0.00 15.24 15.24 0.17 16.11 0.38 67.73
WD2-22-177 30.48 35.05 4.57 0.26 5.92 0.34 61.69
WD2-22-180 0.00 12.19 12.19 0.17 23.89 0.48 88.80
WD2-22-180 28.96 38.10 9.14 0.29 28.78 0.67 86.30
WD2-22-183 1.52 36.58 35.06 0.15 15.24 0.35 86.86
WD2-22-190 3.05 10.67 7.62 0.16 14.27 0.34 82.03
WD2-22-196 3.05 42.67 39.62 0.15 9.86 0.28 73.40
including gap 21.34 24.38 3.04 0.00 0.00 0.00 0.00
(1) Downhole thickness is true thickness.
(2) Intervals reported are uncapped.
(3) Gold equivalent = g Au/t + (g Ag/t ÷ 77.70). Rounding may cause minor discrepancies in the AuEq
column.
(4) Au recovery based on cyanide shakes (“AuCN”) run on all intervals with Au assay values >0.1 g/t.
The following table highlights selected intercepts from metallurgical drill program completed at DeLamar:
Drill Hole From (m) To (m) Interval (m) g/t Au g/t Ag g/t AuEq
IDM-22-209 5.94 10.82 4.88 0.21 34.19 0.65
IDM-22-211 0.00 66.90 66.90 0.41 75.37 1.38
including 34.90 36.42 1.52 1.14 177.00 3.42
including 52.58 54.41 1.83 0.38 1251.00 16.48
including 57.61 59.74 2.13 0.31 286.00 3.99
IDM-22-212 0.00 18.59 18.59 0.30 42.43 0.85
IDM-22-213 0.00 17.68 17.68 0.30 19.91 0.56
IDM-22-214 0.00 13.11 13.11 0.28 17.71 0.50
IDM-22-214 29.87 61.87 32.00 0.62 7.85 0.72
(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) Intervals reported are uncapped.
(3) Gold equivalent = g Au/t + (g Ag/t ÷ 77.70). Rounding may cause minor discrepancies in the AuEq
column.
To view a drill collar location map for the North DeLamar Backfill, please click on the link below:
https://integraresources.com/site/assets/files/2572/drill_collar_-_bf_ndm_2023-01-09sm.pdf
To view a drill collar location map for Stockpile 2, please click on the link below:
https://integraresources.com/site/assets/files/2572/drill_collar_-_bf_stockpile2_2023-01-09sm.pdf
To view a drill collar location map for the DeLamar metallurgical program, please click on the link below:
https://integraresources.com/site/assets/files/2572/drill_collar_-_dm_-_2023-01-09sm.pdf
Execution of Drill Program: Methodology and Timeline
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The stockpile drill program will be executed at 60 m collar spacing s with select 30 m infill test holes to
further verify grade variability. All drilling will be vertical through the entirety of the stockpiles and backfill
material. This drilling will be conducted by a combination of Sonic and traditional RC with casing advance
drilling methods. Both these drilling methods will serve to maintain high sample quality and integrity
throughout the drilling process. Additionally, the two drilling methods will provide a basis for comparison
for continuity. Sampling will be conducted at 1.5 m intervals for the whole of the drilling program with all
samples sent to a third-party lab for analysis. These drilling methods also provide the opportunity for more
advanced metallurgical tests in the future.
Annual Grant of Equity Incentive Awards
The Company announces that it has granted a total of 479,760 options, 290,310 restricted share units and
247,500 deferred share units (together, the “Equity Incentive Awards”) to various investor relations
employees, executives and directors of the Company. The Equity Incentiv e Awards have been granted
pursuant to the Company’s Amended and Restated Equity Incentive Plan and are subject to vesting
provisions. The options have an exercise price of C$0.87 per share and will expire five years from the date
of grant.
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 American
Assay Labs in Reno, Nev ada for preparation and analysis. Analysis of gold is performed using fire assay
method with atomic absorption (AA) finish on a 1 assay ton aliquot. Gold results over 5 g/t are re -run
using a gravimetric finish. Silver analysis is performed using ICP for r esults up to 100 g/t on a 5 -acid
digestion, with a fire assay, gravimetric finish for results over 100 g/t silver.
Qualified Person
The scientific and technical information contained in this news release has been reviewed and approved
by E. Max Baker Ph. D. (F.AusIMM), Integra’s Vice President Exploration of Post Falls, Idaho, a “Qualified
Person” (“QP”) as defined in National Instrument 43- 101 – Standards of Disclosure for Mineral Projects.
About Integra Resources
Integra is a development -stage mining company focused on the exploration and de -risking of the past
producing DeLamar gold-silver project in Idaho, USA. Integra is led by the management team from Integra
Gold Corp. which successfully grew, developed and so ld the Lamaque Project, in Quebec, for C$600m in
2017. Since acquiring the DeLamar Project, which includes the adjacent DeLamar and Florida Mountain
gold and silver deposits, in late 2017, the Company has demonstrated significant resource growth and
conversion while providing robust economic studies in its maiden preliminary economic assessment and
now Pre-Feasibility Study (the “PFS”). An independent technical report for the PFS on the DeLamar Project
has been prepared in accordance with the requirements o f NI 43 -101 and is available under the
Company’s profile at www.sedar.com and on the Company’s website at www.integraresources.com.
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ON BEHALF OF THE BOARD OF DIRECTORS
George Salamis
President, CEO and Director
CONTACT INFORMATION
Corporate Inquiries: [email protected]
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. Al l
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, expecta tions, 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 “believe s” 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 p roduction 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 dire ction 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 fo rmative 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 (s uch as the Canadian dollar to United States dollar
exchange rate); change in national and local government, legislation, taxation, controls regulations and
political or economic developments; risks and hazards associated with the business of mineral
exploration, development and mining (including environmental hazards, industrial accidents, unusual or
unexpected formation pressures, cave -ins and flooding); inability to obtain adequate insurance to cover
risks and hazards; the presence of laws and regulations that may impose restrictions on mining; employee
relations; relationships with and claims by local communities and indigenous populations; availability of
increasing costs associated with mining inputs and labour; the speculative nature of mineral explora tion
and development (including the risks of obtaining necessary licenses, permits and approvals from
government authorities); and title to properties. Although the forward -looking statements contained in
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this news release are based upon what management of Integra believes, or believed at the time, to be
reasonable assumptions, Integra cannot assure its shareholders that actual results will be consistent with
such forward-looking statements, as there may be other factors that cause results not to be anticip ated,
estimated, or intended.
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.
Cautionary Note for U.S. Investors Concerning Mineral Resources and Reserves
National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") is a rule of the
Canadian Securities Administrators which establishes standards for all public disclosure an issuer makes
of scientific and technical information concerning mineral projects. Technical disclosure contained in this
news release has been prepared in accordance with NI 43-101 and the Canadian Institute of Mining,
Metallurgy and Petroleum Classification System. These standards differ from the requirements of the
U.S. Securities and Exchange Commission (“SEC”) and resource information contained in this press
release may not be comparable to similar information disclosed by domestic United States companies
subject to the SEC's reporting and disclosure requirements.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.