Integra Resources Corp
Integra is a development-stage mining company focused on the exploration and de-risking of the past-producing DeLamar gold-silver project in Idaho, U.S. Integra is led by the management team from Integra Gold Corp., which successfully grew, developed and sold the Lamaque project, in Quebec, for $600-million 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 a robust economic study in its maiden preliminary economic assessment.
DeLamar Gold-Silver Project, Owyhee County, Idaho, U.S.
The Delamar Project key highlights include:
DeLamar has what it takes to be a mine. The Preliminary Economic Assessment (PEA) has demonstrated an economically robust, low cost operation. A land package that has quadrupled in size with multiple targets identified through IP, geochemistry, historical data compilation and mapping.
DeLamar and Florida Mountain Deposits Silver and Gold Resource Estimate:
124 Koz AuEq per year for 10 years /
Yr 2 to Yr 6 annual average of 148 Koz AuEq
Processing – Heap Leach
Processing – Mill
(Please refer to the “Technical Report and Preliminary Economic Assessment for the DeLamar and Florida Mountain Gold-Silver Project, Owyhee County, Idaho, USA” dated October 22, 2019 for additional information about the Preliminary Economic Assessment.)
Current drill status and future exploration drilling
The drill results announced on April 8, 2021 provide a significant basis for expanding the current exploration drill program from two drill rigs to four drill rigs. Currently the Company has one drill rig positioned at Florida Mountain and one drill rig positioned at Henrietta Ridge. The additional drill rigs will be positioned at Florida Mountain and in the BlackSheep district.
Pre-feasibility study (PFS) and resource estimate update
The updated DeLamar deposit and Florida Mountain deposit National Instrument 43-101 resource estimate is expected to be delivered in late Q2 2021. The PFS is on track for completion and delivery in Q4 2021. Extensive metallurgical testwork is underway on the oxide and transitional material at Florida Mountain as well as grind optimization and flotation testwork on the unoxidized composites.
"In light of both continued success at Florida Mountain and the new gold-silver discoveries at BlackSheep, the company has decided to accelerate exploration efforts by increasing the number of drill rigs on the project from two to four," noted George Salamis, Integra Resources' president and chief executive officer. "At Florida Mountain it is becoming clear that a more meaningful drill program is warranted to advance the exploration of high-grade gold-silver potential below the existing low-grade pit-constrained resource. At BlackSheep, both the recent discovery of gold-silver mineralization at the Georgianna and Lucky Days targets along with the sheer size of the untested, several-square-kilometre geophysical and soil geochemical anomalies present, indicate the necessity for additional drill rigs to accelerate further testing of the area. Drill success at multiple targets on the DeLamar project over the past three years supports the company's view that current exploration is merely beginning to scratch the surface of upside potential, beyond the existing gold-silver resource already identified at the DeLamar and Florida Mountain deposits. The vast potential for expansion at DeLamar in multiple areas and targets strongly merits an increase in drill rigs on the project and a larger exploration program." (Please see news release dated April 8, 2021)
Management and Directors
Stephen de Jong, Chairman
Mr. de Jong has 10 years of experience in the mining industry and was most recently the President and CEO of Integra Gold.
George Salamis, President and CEO, Director
Mr. Salamis has over 30 years of experience in the mining and resource exploration industry. He has been involved in over $2 billion of M&A transactions. Mr. Salamis was most recently Executive Chairman of Integra Gold Corp.
Andrée St-Germain, CFO and Corporate Secretary
Ms. St-Germain is an experienced mining finance executive with an extensive background in banking, mining finance and financial management.
Max Baker, Ph.D (Geo.), AusIMM, VP Exploration
Mr. Baker has over 40 years of exploration experience. He has been involved in the exploration and discovery of several significant deposits globally and has previously acted as Chief Geologist for Rennison Goldfields, Inc., Newcrest Mining Limited and Mount Isa Mines, as well as VP Exploration for several junior mining companies over the years.
Tim Arnold, Chief Operating Officer
Mr. Arnold has over 35 years of experience in hard rock mining; open pit and underground, engineering and production, consulting and operations. Mr. Arnold was the VP of Operations for Pershing Gold Corporation.
Josh Serfass, EVP, Corporate Development and IR
Randall Oliphant, FCPA, FCA, Strategic Advisor
Mark Stockton, VP Corporate Affairs and Sustainability
David Awram, Director
Timo Jauristo, Director
Anna Ladd-Kruger, Director
C.L. "Butch" Otter, Director
Carolyn Clark Loder, Director
On April 8, 2021, Integra Resources Corp. has released multiple gold-silver drill results from the DeLamar project in southwestern Idaho.
On February 18, 2021, Integra Resources Corp. announced high-grade gold and silver discoveries in the BlackSheep District, including 351.0 g/t Ag and 1.48 g/t Au (5.99 g/t AuEq) over 3.05 m and 77.60 g/t Ag and 0.44 g/t Au (1.43 g/t AuEq) over 78.94 m.