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 has announced positive drill results from its DeLamar Project in Idaho, highlighting consistent gold and silver grades. The extended stockpile drill program, which has now reached 11,300 meters and 289 drill holes, is aimed at confirming resources within an estimated 60 million tonnes of mineralized material. Significant intercepts include 0.26 g/t Au and 18.58 g/t Ag over 79.25 m, and 3.28 g/t Au and 17.68 g/t Ag over 13.72 m. The company plans to complete a resource estimate that incorporates these findings in Q2 2023. Increased metallurgical tests aim to include this material in future heap leach operations, enhancing project economics as outlined in the 2022 PFS.
Integra Resources Corp. (ITRG) announces additional results from its 11,000 m stockpile drill program at the DeLamar Project. The latest results from 20 drill holes indicate significant gold and silver grades, supporting confidence in the potential increase of heap leach mine life and the project's robust economics. Key results include JG-23-109, with 0.62 g/t Au and 9.54 g/t Ag over 76.20 m, and NDM-22-051, showing 0.32 g/t Au and 19.05 g/t Ag over 50.30 m. The total drilled to date is 10,164 m across 262 holes, with completion expected by April 2023. The company plans to update its resource estimate in Q2 2023.
Integra Resources Corp. (ITRG) has completed a bought deal private placement of 35 million subscription receipts at C$0.70 each, raising gross proceeds of C$24.5 million. A concurrent non-brokered placement with Wheaton Precious Metals Corp. brought in an additional C$10.5 million from 15 million subscription receipts. The proceeds will be used for funding an updated resource estimate and Mine Plan of Operations at the DeLamar Project, along with other corporate purposes. The funds are held in escrow and will be released upon satisfying Escrow Release Conditions before the Termination Date of June 9, 2023.
Integra Resources Corp. (ITRG) announced positive drill results from its DeLamar Project in Idaho, revealing significant gold and silver grades from multiple backfill and stockpile sites. Notable findings include:
- NDM-22-039: 0.27 g/t Au and 24.60 g/t Ag over 111.25 m
- JG-23-021: 0.61 g/t Au and 9.02 g/t Ag over 19.81 m
- WD2-22-141: 0.24 g/t Au and 24.59 g/t Ag over 42.68 m including 1.02 g/t Au over 1.53 m
The results confirm the viability of approximately 60 million tonnes of stockpiled material potentially extending the heap leach mine life and enhancing Project economics. The Company anticipates completing the drill program by April 2023.
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