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Integra Resources Corp.
Summary
| Project: | DeLamar | |
|---|---|---|
| Deposit: | DeLamar, Florida Mountain | |
| Location: | United States | |
| Commodities: | Gold-Silver | |
| Date: | 6/17/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 17-6-2019: Integra Resources Corp. announces a Resource Estimation report for its DeLamar, Florida Mountain deposit at the DeLamar project. Upgraded mineral resource estimate at project. VANCOUVER, British Columbia, June 17, 2019 -- Integra Resources Corp | |
| Resources: | (Resource, M+I): 172.365Mt @ 0.43g/t Au, 21.0g/t Ag at project total | |
| CP/QP: | [Resources]: Michael Gustin (Mine Development Associates) | |
| ABSTRACT: | VANCOUVER, British Columbia, June 17, 2019 -- Integra Resources Corp. (TSXV:ITR ; OTCQX:IRRZF) (the “Company” or “Integra”) is pleased to announce that it has completed a NI 43-101 resource estimate update for its 100% owned DeLamar Project (the “Project”) located in southwest Idaho. For the purposes of NI 43-101 reporting, the Florida Mountain Deposit (“Florida Mountain”) and the DeLamar Deposit (“DeLamar”) are considered to be part of the global DeLamar Project, based on the reasonable expectation that if put into production the two Deposits would likely share common infrastructure, as was done in the past. The study incorporates over 250,000 meters of drilling conducted by Kinross Gold and its predecessors, in addition to roughly 30,000 meters of drilling conducted by Integra. George Salamis, President and CEO of Integra, commented, “This latest resource estimate has far exceeded our expectations in terms of both highlighting a significant resource conversion from inferred to M&I categories, along with demonstrating overall global gold-silver resource growth. Upgrading the DeLamar Project resource from what was previously in a 100% inferred resource category to what is now 90% in a M&I resource category with a much higher confidence level represents a crucial and hugely positive step in the de-risking process of this Project. This was achieved in less than 18 months from project acquisition and represents a huge step forward for the DeLamar Project and Integra shareholders. During this conversion process we were able to upgrade the resource to M&I without losing gold and silver ounces in the conversion process, which is not often the case in resource estimation. The overall resources, in fact, have grown substantially since the last resource estimate, and the Project now boasts close to 4 Moz AuEq in M&I and 0.5 Moz AuEq in inferred resources, positioning it into a very rare group as there are only a handful of projects in North America with this size of resource.” | |
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