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Integra Resources Corp.
Summary
| Project: | DeLamar | |
|---|---|---|
| Deposit: | DeLamar | |
| Location: | United States | |
| Commodities: | Gold-Silver | |
| Date: | 10/10/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 10-10-2017: Integra Resources Corp. announces a Resource Estimation report for its DeLamar deposit at the DeLamar project. Initial mineral resource estimate for the DeLamar project. TORONTO, Oct. 10, 2017 (GLOBE NEWSWIRE) -- Integra Resources Corp. (CSE:I | |
| Resources: | (Resource, Inf.): 117.934Mt @ 0.41g/t Au, 24.34g/t Ag at project | |
| CP/QP: | [Resources]: Michael M. Gustin (Mine Development Associates) | |
| ABSTRACT: | TORONTO, Oct. 10, 2017 (GLOBE NEWSWIRE) -- Integra Resources Corp. (CSE:ITR) (the “Company” or “Integra”) is pleased to announce that it has completed an initial resource estimate on the DeLamar Gold and Silver Project (“DeLamar”, the “Project”, or the “Property”) located in southwestern Idaho. This announcement follows recent notice of the proposed transaction (the “Transaction”) whereby Integra has agreed to acquire 100% of DeLamar from a wholly-owned subsidiary of Kinross Gold Corporation (TSX:K) (“Kinross”). Key Transaction terms of the acquisition are outlined in Integra’s news release dated September 15, 2017. The Inferred resource is defined by 1,550 historical drill holes drilled to an average depth of only 120m and delineates the remaining ‘open-pit’ oxide, partly oxidized and unoxidized mineralization at DeLamar, which is hosted within felsic volcanics. The resource estimate incorporates roughly 143,000m of historic drilling into the global resource for the Property. Resource work for DeLamar was completed by Mine Development Associates (“MDA”) of Reno, Nevada. A sensitivity analysis of the grade and tonnage relationships at a variety of cut-off grades (pit constrained) is shown in Table 1 of this release. A final 43-101 Technical Report will be filed on SEDAR in the coming weeks | |
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