Integra Resources (TSXV:ITR) Completes Metallurgical and Geotechnical Drilling at DeLamar, Intersects 1.46 g/t AuEq Over 134 M

The DeLamar Project. Source: Integra Resources

Integra Resources (TSXV:ITR) has announced the second set of drill results from the 2023 highwall geotechnical and metallurgical drill program at the DeLamar Projec in southwestern Idaho. The drill program, which totaled 4,597 meters, was completed in November 2023.

Integra’s President, CEO & Director, Jason Kosec commented in a press release: “The drill results announced today further demonstrate the size, grade, and continuity of the mineral resource at DeLamar. Although the drill program was primarily designed to collect material for heap leach metallurgical testwork and geotechnical studies, we continue to intercept significant mineralized widths at excellent grades throughout the Project, exemplifying the robust nature of DeLamar. The results from this drill program will be used to complete a Feasibility Study at DeLamar in the future and to support on-going permitting work at the Project, following the submission of the MPO to the BLM in December 2023.”

The latest results comprise 20 drill holes representing 2,290 meters. The core samples collected will be used for mineralogical analysis, Crusher Work Index testing, and additional heap leach recovery testwork including bottle roll, permeability and column leach studies. Integra states the metallurgical drilling data will support the development of an advanced geo-metallurgical model to inform future economic assessments for the Project.

Additionally, geotechnical drilling within the proposed DeLamar Project open pits gathered further data to enhance the 3D geotechnical model. This supplementary geotechnical data will also bolster Integra’s recently submitted Draft Mine Plan of Operations to the U.S. Bureau of Land Management in December 2023.

The DeLamar Project comprises the neighboring DeLamar and Florida Mountain gold and silver deposits in Owyhee County, southwest Idaho. Since acquiring the Project in 2017, Integra has significantly expanded the resource size and completed positive economic studies including a Preliminary Economic Assessment and Preliminary Feasibility Study.

Highlights from the results are as follows:
    • DH-FLM-23-MET02: 1.42 g/t grams per tonne (“g/t”) gold (“Au”) and 3.36 g/t silver (“Ag”) (1.46 g/t gold equivalent (“AuEq”)) over 134.11 m, including 103.57 g/t Au and 30.55 g/t Ag (103.96 g/t AuEq) over 1.52 m
      • Excluding the high-grade intercept, the residual grade of DH-FLM-23-MET02 is 0.25 g/t Au and 3.05 g/t Ag (0.29 g/t AuEq) over 132.59 m, which is above the cut-off grade of 0.17 g/t AuEq1
    • DM-FLM-23-MET09: 0.30 g/t Au and 17.03 g/t Ag (0.52 g/t AuEq) over 139.90 m, including 1.49 g/t Au and 437.00 g/t Ag (7.11 g/t AuEq) over 1.53 m
      • Excluding the high-grade intercept, the residual grade of DH-FLM-23-MET09 is 0.29 g/t Au and 12.39 g/t Ag (0.45 g/t AuEq) over 138.37 m, which is above the cut-off grade of 0.17 g/t AuEq1
    • DH-FLM-23-MET12: 0.35 g/t Au and 2.22 g/t Ag (0.38 g/t AuEq) over 80.47 m
    • DH-FLM-23-MET15: 0.28 g/t Au and 3.58 g/t Ag (0.32 g/t AuEq) over 189.89 m
  • The latest drilling highlights from the DeLamar Deposit include:
    • DH-DLM-23-MET23: 0.27 g/t Au and 7.12 g/t Ag (0.36 g/t AuEq) over 84.89 m
    • DH-DLM-23-MET24: 0.74 g/t Au and 115.94 g/t Ag (2.24 g/t AuEq) over 49.99 m, including 1.47 g/t Au and 263.48 g/t Ag (4.87 g/t AuEq) over 15.24 m
      • Excluding the high-grade intercept, the residual grade of DH-DLM-23-MET24 is 0.42 g/t Au and 51.23 g/t Ag (1.08 g/t AuEq) over 34.75 m, which is above the cut-off grade of 0.17 g/t AuEq1
    • DH-DLM-23-MET33: 0.27 g/t Au and 24.90 g/t Ag (0.59 g/t AuEq) over 52.73 m
    • DH-DLM-23-MET38: 0.45 g/t Au and 14.33 g/t Ag (0.64 g/t AuEq) over 74.98 m

Drill Hole

From
(m)

To
(m)

Interval
(m)

g/t Au

g/t Ag

g/t AuEq

DH-FLM-23-MET02

14.33

148.44

134.11

1.42

3.36

1.46

including

102.72

104.24

1.52

103.57

30.55

103.96

DH-FLM-23-MET05

0.00

111.25

111.25

0.13

18.36

0.36

DH-FLM-23-MET07

52.12

144.93

92.81

0.21

4.92

0.27

DH-FLM-23-MET09

0.00

139.90

139.90

0.30

17.03

0.52

including

47.24

48.77

1.53

1.49

437.00

7.11

DH-FLM-23-MET11

0.00

130.15

130.15

0.22

7.17

0.31

DH-FLM-23-MET12

5.79

86.26

80.47

0.35

2.22

0.38

DH-FLM-23-MET14

63.40

120.09

56.69

0.34

7.21

0.43

DH-FLM-23-MET15

0.00

189.89

189.89

0.28

3.58

0.32

(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 DeLamar Deposit drill program announced today1,2,3,4:

Drill Hole

From
(m)

To
(m)

Interval
(m)

g/t Au

g/t Ag

g/t AuEq

DH-DLM-23-MET23

0.00

84.89

84.89

0.27

7.12

0.36

DH-DLM-23-MET23

116.43

145.09

28.66

0.39

5.77

0.47

DH-DLM-23-MET24

0.00

49.99

49.99

0.74

115.94

2.24

including

17.37

32.61

15.24

1.47

263.48

4.87

DH-DLM-23-MET29

20.73

39.81

19.08

0.13

13.52

0.30

DH-DLM-23-MET29

57.30

160.02

102.72

0.12

18.31

0.35

DH-DLM-23-MET31

67.67

112.47

44.80

0.33

21.83

0.61

DH-DLM-23-MET33

0.00

52.73

52.73

0.27

24.90

0.59

DH-DLM-23-MET34

2.44

58.83

56.39

0.14

16.87

0.36

DH-DLM-23-MET35

16.15

80.16

64.01

0.21

9.51

0.33

DH-DLM-23-MET36

0.00

110.64

110.64

0.20

11.41

0.34

DH-DLM-23-MET37

0.00

74.98

74.98

0.16

15.57

0.36

DH-DLM-23-MET38

0.00

74.98

74.98

0.45

14.33

0.64

DH-DLM-23-MET41

0.00

45.72

45.72

0.20

3.74

0.25

DM23-MET-P8

0.00

47.24

47.24

0.36

17.76

0.59

(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 above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a licensed professional for investment advice. The author is not an insider or shareholder of any of the companies mentioned above.
Matthew Evanoff

I specialize in the mining industry, focusing on top global mining stocks. My reporting covers the latest industry news, company/project developments, and profiles of key players. With a degree in finance and economics from the University of Toronto, I've contributed to a wide range of industry publications. Beyond my professional pursuits, I have a keen interest in global business and a love for travel.

By Matthew Evanoff

I specialize in the mining industry, focusing on top global mining stocks. My reporting covers the latest industry news, company/project developments, and profiles of key players. With a degree in finance and economics from the University of Toronto, I've contributed to a wide range of industry publications. Beyond my professional pursuits, I have a keen interest in global business and a love for travel.

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