Integra Resources Releases Resource Estimate for DeLamar Project

- October 11th, 2017

Integra Resources Corp. (CSE:ITR) announced the completion of an initial resource estimate for the Idaho-based DeLamar gold and silver project. The company recently agreed to acquire the project from a wholly owned subsidiary of Kinross Gold Corp. (TSX:K,NYSE:KGC).

Integra Resources Corp. (CSE:ITR) announced the completion of an initial resource estimate for the Idaho-based DeLamar gold and silver project. The company recently agreed to acquire the project from a wholly owned subsidiary of Kinross Gold Corp. (TSX:K,NYSE:KGC).
Key highlights are as follows:

  • Robust initial inferred resource for DeLamar:
    • 0.3 g/t AuEq cut-off grade: 117,934,000 tonnes grading 0.41 g/t gold and 24.34 g/t silver, for a total of 1,592,000 oz of gold and 91,876,000 oz of silver, or 2,673,000 oz of gold equivalent (“AuEq”) averaging 0.7 g/t AuEq
    • As demonstrated in the included sensitivity analysis below, increasing the AuEq cut-off grade to 0.75 g/t results in the following changes to the grade and tonnes; 33,716,000 tonnes grading 0.69 g/t gold and 48.69 g/t silver, for a total of 735,000 oz of gold and 52,747,000 oz of silver, or 1,356,000 oz of AuEq averaging 1.26 g/t AuEq
    • Au Equivalent = Au g/t + (Ag g/t ÷ 85)
  • Project exhibits significant exploration upside, remaining open at depth, with limited historical deep drilling below 250 meters. The limited deep drill hole data available dating back to the early 1990’s includes intercepts which have intersected the series of deeper high-grade veins, including:
    • 105.4 g/t Au and 41.0 g/t Ag (105.9 g/ AuEq) over 10.7 metres;
    • 10.1 g/t Au and 116.6 g/t Ag (11.5 g/t AuEq) over 18.3 metres;
    • 10.1 g/t Au and 188.1 g/t Ag (12.3 g/t AuEq) over 18.3 metres

George Salamis, president and CEO of Integra, commented:

With the maiden resource results in hand, we are excited by both this significant initial inferred resource estimate on the property, and the scenario that has been laid out for current and future shareholders. It is one that highlights significant potential for further near surface bulk tonnage low-grade resources as well as the series of high grade veins inferred from historic drill intercepts at deeper levels, to occur beneath the lower grade open-pit resource defined by MDA.  The DeLamar Project comprises a key land position within the greater DeLamar-Florida Mountain district, which we believe hosts one of the largest gold-silver low sulphidation epithermal systems in the Western US.  From our analysis of the database, we can clearly see where exploration needs to focus to test both the immediate extensions of low-grade near-surface gold-silver and deeper series of high-grade gold-silver veins, on a project that has only been drilled to an average depth of 120m from surface.

Click here to read the full Integra Resources Corp. (CSE:ITR) press release.

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