Integra Intersects 4.07 G/T AuEq over 41 M and 0.91 G/T AuEq over 157 M IN Metallurigical Drill Program at Delamar
INTEGRA INTERSECTS 4.07 g/t AuEq OVER 41 M AND 0.91 g/t AuEq OVER
157 M IN METALLURIGICAL DRILL PROGRAM AT DELAMAR
TSXV: ITR; NYSE American: ITR
www.integraresources.com
VANCOUVER, BC
,
Jan. 24, 2024
/CNW/ -
Integra Resources Corp. ("Integra" or the "Company")
(TSXV: ITR) (NYSE American: ITRG) is pleased to
announce the first set of drill results from the 4,597 meter ("m") 2023 highwall geotechnical and metallurgical drill program at the DeLamar Project ("DeLamar" or
the "Project") located in southwestern
Idaho
. The results announced today include 10 drill holes representing
1,376 m
from the drill program.
The highwall geotechnical and metallurgical drill program was completed in
November 2023
. The material from this drill program will be used for comprehensive
analysis including mineralogical characterization and Crusher Work Index ("CWI") testing, as well as bottle roll, permeability, and column leach testwork to better
understand characteristics for future heap leach mining. In addition, geotechnical drilling was completed in the proposed open pits at the Project to evaluate the
stability of high walls and to provide more information for the 3D geotechnical model. The drill program was completed in support of the Draft Mine Plan of
Operations ("MPO") and to gather additional data for a future Feasibility Study on the Project.
Drilling Highlights
:
The latest drilling highlights from the DeLamar Deposit include:
DH-DLM-23-MET22: 0.76 grams per tonne ("g/t") gold ("Au") and 257.43 g/t silver ("Ag") (4.07 g/t gold equivalent ("AuEq")) over
41.45 m
DM-23-MET-P11: 0.40 g/t Au and 21.58 g/t Ag (0.67 g/t AuEq) over
54.86 m
The latest drilling highlights from the Florida Mountain Deposit include:
DH-FLM-23-MET03: 0.74 g/t Au and 13.28 g/t Ag (0.91 g/t AuEq) over
157.43 m
DH-FLM-23-MET04: 0.91 g/t Au and 13.46 g/t Ag (1.09 g/t AuEq) over
69.50 m
DH-FLM-23-MET13: 0.54 g/t Au and 6.62 g/t Ag (0.63 g/t AuEq) over
99.97 m
The drill results announced today demonstrate the strong continuity of mineralization at DeLamar, including multiple drill holes with mineralization beginning at
surface.
Integra's President, CEO & Director,
Jason Kosec
commented:
"The drill results announced today come from a program primarily designed to collect
additional gold-silver mineralized material for metallurgical and geotechnical testing. Intersecting significant widths of mineralization in metallurgical and
geotechnical drilling demonstrates the strong resource continuity at DeLamar. Furthermore, mineralization beginning at surface in multiple drill holes highlights the
low-strip ratio at the Project with minimal waste or overburden sitting above in-situ resource. With the MPO submitted to the Bureau of Land Management in
December 2023
, DeLamar is one of the few precious metal projects in the
USA
which is entering the National Environmental Policy Act permitting phase and
actively being advanced towards a production decision."
Detailed Drill Results
The following table highlights selected intercepts from the 2023 DeLamar Deposit drill program announced today
1,2,3,4
:
Drill Hole
From
(m)
To
(m)
Interval
(m)
g/t
Au
g/t
Ag
g/t
AuEq
DH-DLM-23-MET21
2.13
78.03
75.90
0.39
6.98
0.48
DH-DLM-23-MET22
7.01
19.20
12.19
0.17
2.82
0.20
DH-DLM-23-MET22
48.77
90.22
41.45
0.76
257.43
4.07
including
63.09
69.19
6.10
1.92
1655.50
23.22
DH-DLM-23-MET30
0.00
66.45
66.45
0.20
35.62
0.66
DM23-MET-P11
0.00
54.86
54.86
0.40
21.58
0.67
(1)
Downhole thickness is true thickness
(2)
Intervals reported are uncapped
(3)
AuEq = g/t Au + (g/t Ag ÷ 77.70). Rounding may cause minor discrepancies in the AuEq column
(4)
Certain intervals were not sampled because they were utilized for alternative purposes requiring intact core (i.e. - geotechnical analysis, additional metallurgical tests). These unsampled intervals (~1% of the total program footage) have been replaced by 'zero grade' for the purposes of
this news release
The following table highlights selected intercepts from the 2023 Florida Mountain Deposit drill program announced today
1,2,3,4
:
Drill Hole
From
(m)
To
(m)
Interval
(m)
g/t
Au
g/t
Ag
g/t
AuEq
DH-FLM-23-MET01
52.43
148.90
96.47
0.18
19.46
0.43
including stope
107.59
112.47
4.88
0.00
0.00
0.00
DH-FLM-23-MET03
21.95
179.38
157.43
0.74
13.28
0.91
including
113.08
126.49
13.41
3.06
37.28
3.54
DH-FLM-23-MET04
110.64
180.14
69.50
0.91
13.46
1.09
including
138.68
140.21
1.53
27.53
8.69
27.65
DH-FLM-23-MET08
6.86
182.73
175.87
0.17
2.67
0.21
DH-FLM-23-MET10
0.00
130.15
130.15
0.19
23.35
0.49
DH-FLM-23-MET13
0.00
99.97
99.97
0.54
6.62
0.63
(1)
Downhole thickness is true thickness.
(2)
Intervals reported are uncapped.
(3)
AuEq = g/t Au + (g/t Ag ÷ 77.70). Rounding may cause minor discrepancies in the AuEq column.
(4)
Certain intervals were not sampled because they were utilized for alternative purposes requiring intact core (i.e. - geotechnical analysis, additional metallurgical tests). These unsampled intervals (~1% of the total program footage) have been replaced by 'zero grade' for the purposes of
this news release.
Follow the link below to view drill collar location maps for the DeLamar Deposit drill program:
https://integraresources.com/site/assets/files/2572/dc_del_nr_-_full_extent.pdf
Follow the link below to view drill collar location maps for the Florida Mountain Deposit drill program:
https://integraresources.com/site/assets/files/2572/dc_flom_nr_-_full_extent.pdf
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, Nevada
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
results 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 Raphael Dutaut, Ph.D (P.Geo), Integra's Vice
President, Exploration. Mr. Dutaut is a "Qualified Person" ("QP") as defined in National Instrument 43- 101 – Standards of Disclosure for Mineral Projects.
DeLamar Project Overview
The past producing DeLamar Project, which includes the adjacent
DeLamar and Florida Mountain
gold and silver deposits, is located in
Owyhee County
in
southwest
Idaho
. Since acquiring the Project in 2017, the Company has demonstrated significant resource growth and conversion while demonstrating robust
economic studies in its maiden Preliminary Economic Assessment and Preliminary Feasibility Study. An independent technical report for the DeLamar Project has
been prepared in accordance with the requirements of NI 43-101 and is available under the Company's profile at
www.sedarplus.ca
About Integra Resources
Integra is one of the largest precious metals exploration and development companies in the Great Basin of the
Western USA
. Integra is currently focused on
advancing its two flagship oxide heap leach projects: the past producing DeLamar Project located in southwestern
Idaho
and the Nevada North Project, comprised
of the Wildcat and Mountain View Deposits, located in northwestern
Nevada
. The Company also holds a portfolio of highly prospective early-stage exploration
projects in
Idaho
,
Nevada
, and
Arizona
. Integra's long-term vision is to become a leading
USA
focused mid-tier gold and silver producer.
ON BEHALF OF THE BOARD OF DIRECTORS
Jason Kosec
President, CEO and Director
Forward Looking and Other Cautionary Statements
Certain information set forth in this news release contains "forward
looking statements" and "forward
looking information" within the meaning of applicable
Canadian securities legislation and applicable
United States
securities laws (referred to herein as forward
looking statements). Except for statements of historical
fact, certain information contained herein constitutes forward
looking statements which includes, but is not limited to, statements with respect to: the future
financial or operating performance of the Company and the Company's mineral properties and project portfolio; the results from work performed to date; the
estimation of mineral resources and reserves; the realization of mineral resource and reserve estimates; the development, operational and economic results of
technical reports on mineral properties referenced herein; magnitude or quality of mineral deposits; the anticipated advancement of the Company' mineral
properties and project portfolios; exploration expenditures, costs and timing of the development of new deposits; underground exploration potential; costs and
timing of future exploration; the completion and timing of future development studies; estimates of metallurgical recovery rates; exploration prospects of mineral
properties; requirements for additional capital; the future price of metals; government regulation of mining operations; environmental risks; the timing and possible
outcome of pending regulatory matters; the realization of the expected economics of mineral properties; future growth potential of mineral properties; and future
development plans.
Forward-looking statements are often identified by the use of words such as "may", "will", "could", "would", "anticipate", "believe", "expect", "intend", "potential",
"estimate", "budget", "scheduled", "plans", "planned", "forecasts", "goals" and similar expressions. Forward-looking statements are based on a number of factors
and assumptions made by management and considered reasonable at the time such information is provided. Assumptions and factors include: the Company's
ability to complete its planned exploration programs; the absence of adverse conditions at mineral properties; no unforeseen operational delays; no material
delays in obtaining necessary permits; the price of gold remaining at levels that render mineral properties economic; the Company's ability to continue raising
necessary capital to finance operations; and the ability to realize on the mineral resource and reserve estimates. Forward
looking statements necessarily involve
known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of
future performance or result expressed or implied by such forward
looking statements. These risks and uncertainties include, but are not limited to: integration
risks; general business, economic and competitive uncertainties; the actual results of current and future exploration activities; conclusions of economic evaluations;
meeting various expected cost estimates; benefits of certain technology usage; changes in project parameters and/or economic assessments as plans continue to
be refined; future prices of metals; possible variations of mineral grade or recovery rates; the risk that actual costs may exceed estimated costs; geological,
mining and exploration technical problems; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes and other risks of the
mining industry; delays in obtaining governmental approvals or financing; the speculative nature of mineral exploration and development (including the risks of
obtaining necessary licenses, permits and approvals from government authorities); title to properties; and management's ability to anticipate and manage the
foregoing factors and risks. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially
from those described in the forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or
intended. Readers are advised to study and consider risk factors disclosed in Integra's annual report on Form 20-F dated
March 17, 2023
for the fiscal year
ended
December 31, 2022
, and Millennial Precious Metals Corp's management's discussion and analysis dated
April 28, 2023
for the fiscal year ended
December
31, 2022
.
There can be no assurance that forward
looking statements will prove to be accurate, as actual results and future events could differ materially from those
anticipated in such statements. The Company undertakes no obligation to update forward
looking statements if circumstances or management's estimates or
opinions should change except as required by applicable securities laws. The forward-looking statements contained herein are presented for the purposes of
assisting investors in understanding the Company's plans, objectives and goals, and may not be appropriate for other purposes. Forward-looking statements are
not guarantees of future performance and the reader is cautioned not to place undue reliance on forward
looking statements.
Cautionary Note for U.S. Investors Concerning Mineral Resources and Reserves
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 news 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.
View original content to download multimedia:
https://www.prnewswire.com/news-releases/integra-intersects-4-07-gt-aueq-over-41-m-and-0-91-gt-aueq-over-157-m-in-metallurigical-drill-program-at-delamar-302042673.html
SOURCE
Intergra Resources Corp.
View original content to download multimedia:
http://www.newswire.ca/en/releases/archive/January2024/24/c4654.html
%SEDAR: 00013334E
For further information:
Corporate Inquiries: [email protected], Company website: www.integraresources.com, Office phone: 1 (604) 416-0576
CO: Intergra Resources Corp.
CNW 06:45e 24-JAN-24