Welcome to our dedicated page for Integra Resources news (Ticker: ITRG), a resource for investors and traders seeking the latest updates and insights on Integra Resources stock.
Integra Resources Corp. (ITRG) is a development-stage company focused on the acquisition, exploration, and development of precious metal deposits across the Great Basin of the Western USA. Led by a management team with a successful track record from Integra Gold Corp., Integra Resources’ main assets include two flagship oxide heap leach projects: the past-producing DeLamar Project in southwestern Idaho and the Nevada North Project, which consists of the Wildcat and Mountain View deposits in northwestern Nevada. The company also holds a diverse portfolio of early-stage exploration projects in Idaho, Nevada, and Arizona.
At the DeLamar Project, Integra Resources has demonstrated significant growth and conversion of resources since acquiring the project in 2017. The project includes the DeLamar and Florida Mountain gold and silver deposits and boasts robust economic studies through its Preliminary Economic Assessment and Preliminary Feasibility Study. Recently, the company made strategic advancements by acquiring seventeen unpatented claims in the Rich Gulch area, which are located adjacent to the Florida Mountain Deposit. This acquisition will enhance operational flexibility and support future mining and processing scenarios.
The Nevada North Project encompasses the Wildcat and Mountain View deposits. Wildcat, located in Pershing County, Nevada, is characterized by gold-dominated, low-sulphidation, epithermal vein systems. Integra plans to commence a 2,000-meter Phase 1 exploration drill program at Wildcat in June 2024, aiming to expand the existing mineral resource and uncover high-grade breccia targets.
Financially, Integra Resources is well-positioned following a successful bought deal public offering, raising approximately C$14.95 million. The funds will be used to further explore and develop its key projects, as well as for general corporate purposes. Additionally, Integra continues to advance its projects through the regulatory framework in the USA. The DeLamar Project's Mine Plan of Operations has been accepted by the U.S. Bureau of Land Management, allowing progression into the National Environmental Policy Act process.
Integra Resources Corp.'s long-term vision is to become a leading USA-focused mid-tier gold and silver producer, underpinned by responsible mining practices, environmental protection, and community engagement.
Integra Resources announces its upcoming 2,000-meter Phase 1 drill program at the Wildcat Deposit in Nevada, scheduled for June 2024. The Wildcat Deposit, part of the Nevada North Project, currently hosts significant gold and silver resources. The drill program aims to expand the oxide mineralization and explore high-priority targets identified previously. Highlights include a 746,297-ounce gold and 6,437,869-ounce silver resource in measured and indicated categories, and a recent Preliminary Economic Assessment (PEA) indicating an after-tax NPV of $490 million at current metal prices. The program follows successful exploration by Millennial Precious Metals in 2022, which expanded the mineralized footprint. The new drill campaign will also target geophysical anomalies and high-grade breccia pipe targets.
FAQ
What is the current stock price of Integra Resources (ITRG)?
What is the market cap of Integra Resources (ITRG)?
What does Integra Resources Corp. do?
What are the company's flagship projects?
What recent acquisitions has Integra Resources made?
How is Integra Resources financed?
What are the key projects in Integra's portfolio?
Who leads the management team at Integra?
What are the company's environmental and community initiatives?
What is the significance of the Rich Gulch claims acquisition?
What are the future plans for the Nevada North Project?
How does Integra Resources plan to advance the DeLamar Project?
