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Integra Resources Corp.
Summary
| Project: | DeLamar | |
|---|---|---|
| Deposit: | Henrietta | |
| Location: | United States | |
| Commodities: | Gold-Silver | |
| Date: | 10/10/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 10-10-2018: Integra Resources Corp. announces an Exploration/Drilling Update report for its Henrietta deposit at the DeLamar project. Drilling results incl. 30.48m @ 0.35g/t Au, 252.69g/t Ag from 74.68m. Vancouver, British Columbia – Integra Resources Cor | |
| 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 discovery of a wide and shallow high-grade silver and gold zone at its 100% owned DeLamar Project, situated in southwestern Idaho. The high-grade drill result from the Henrietta Target (“the Target” or “Henrietta”) is situated 500 m west of the current DeLamar inferred resource boundary with mineralization starting within 100 m of surface. Henrietta experienced limited underground hand-dug mining in the 1880’s. The initial drill hole IDM18_066 intersected a new zone of mineralization at approximately 75 m depth and was abandoned at a depth of 123 m after it pierced a hand-dug stope and could not continue. Further drilling is planned on extension from this high-grade intercept. Subsequent drill holes recently conducted at Henrietta have encountered numerous intersections of dense quartz veining and related alteration for which assays are pending. George Salamis, President and CEO of Integra Resources, commented, “This new high-grade discovery at Henrietta can be linked to a greatly enhanced understanding of geological controls for the large DeLamar Project low-sulfidation epithermal system that has historically produced over 1. 6 M ozs of gold and over 100 million ounces of silver. This discovery is situated adjacent to the existing resource in a new area and further supports our thesis that modern exploration techniques and an entirely new understanding of geological controls can add significant value in a historically producing gold-silver district such as DeLamar.” Mr. Salamis added, “This discovery continues to support our view that persistent blue-sky exploration outside of the existing gold-silver inferred resource will ultimately grow the resource base at DeLamar. The area to the east and west of this new discovery at Henrietta is completely open for expansion. We are very excited by these results and look forward to further assays from Henrietta. This type of discovery is part of what makes the DeLamar Project so attractive on a district scale, especially as - 2 - our understanding of the geological controls continues to grow. Both Sullivan Gulch and now Henrietta have the potential to expand the resource base at DeLamar outside of the known resource envelope. As we continue to step out beyond the untested or poorly tested boundaries of the DeLamar Project, we have strong confidence that Integra will continue to discover more gold-silver mineralization of significance.” | |
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