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Project: | DeLamar | |
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Deposit: | Florida Mountain | |
Location: | United States | |
Commodities: | Gold-Silver | |
Date: | 9/24/2018 | |
Report Code: | NI43-101 | |
Report Type: | Exploration/Drilling Update | |
Project Stage: | Pursuing Resource Increase/Upgrade | |
Report details: | 24-9-2018: Integra Resources Corp. announces an Exploration/Drilling Update report for its Florida Mountain deposit at the DeLamar project. Drilling results incl. 19.51m @ 1.21g/t Au, 173.53g/t Ag from 13.41m. Vancouver, British Columbia – Integra Resourc | |
Resources: | (not mentioned in this report) | |
CP/QP: | [Overall Report]: Max Baker (Internal) | |
ABSTRACT: | Vancouver, British Columbia – Integra Resources Corp. (TSXV:ITR ; OTCQX:IRRZF) (the “Company” or “Integra”) is pleased to announce the initial results from Integra’s 100% owned Florida Mountain GoldSilver Deposit (“Florida Mountain”), located 5 kilometers (“km”) east of Integra’s DeLamar Deposit in southwestern Idaho. A total of 2,400 meters (“m”) has been completed in 9 holes at Florida Mountain, designed to test both the low-grade disseminated mineralization and select high-grade veins on the Deposit. George Salamis, President and CEO of Integra Resources, stated, “Florida Mountain has a proud history of high-grade mining, historically averaging 30 g/t AuEq during the late 1800s and earlv 1900s, and a more recent history of low-grade, open pit mining from the 1970s to the 1990s. At the outset of the Florida Mountain acquisition earlier this year, Integra recognized the potential for growing both the high-grade and low-grade resource at the deposit. Drill hole and exploration data that accompanied the transaction was used by MDA of Reno, Nevada, to compile a maiden inferred resource totalling 675,000 ozs of Au and 16.6 M ozs Ag, or 871,000 oz AuEq at a grade of 0.74 g/t AuEq using a 0.3 g/t AuEq cut-off. This inferred resource estimate provides a great base to further explore and grow a resource that has always worked in tandem with DeLamar. Mr. Salamis continued, “What attracted us to the Deposit was the narrow-vein high-grade gold-silver potential of the Deposit, in addition to the wide, lower-grade gold-silver potential hosted in the same rock types as encountered at DeLamar, situated to the west. Given the high-grade nature of gold-silver underground mining conducted in the late 1880’s and the low-grade, open pit mining conducted by Kinross in the 1990’s, our mission was to attempt to intercept both styles of mineralization in this first limited drill campaign. The results released today have succeeded in confirming the presence of both high-grade and low-grade mineralization at Florida Mountain. All of the high grade-intercepts reported today reside within 30 m of surface. Though this summer’s drilling encountered technical issues after intersecting several underground stopes dating back to the 1880’s, we are highly encouraged by the high grades and wider lower-grade intervals reported today. Given that past drilling conducted on the project by previous operators rarely exceeded 130 m vertical depth, we look forward to further demonstrating mineralization continuity and expansion potential in upcoming drill programs as we continue to explore beyond the margins of the historic Florida Mountain open pit.” | |
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