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 Corp. (ITRG) has announced encouraging results from its ongoing stockpile drill program at the DeLamar Project, located in southwestern Idaho. The program has achieved grades exceeding expectations, with significant gold and silver intercepts reported. Key findings include:
- NDM-22-037: 0.25 g/t Au and 21.38 g/t Ag over 102.11m
- IDM-22-211: 0.41 g/t Au and 75.37 g/t Ag over 66.90m
The drilling aims to extend the heap leach mine life and enhance the project’s economics, supported by positive preliminary metallurgical test work.
Integra Resources Corp. (ITRG) announced successful drill results from its DeLamar Project in Idaho, indicating significant gold and silver content in previously stockpiled mineralized material. Key findings include:
- NDM22-032: 0.31 g/t Au and 16.12 g/t Ag over 83.82 m
- NDM22-122: 0.27 g/t Au and 17.25 g/t Ag over 70.11 m
These results support the company's belief that this material could extend the mine life of its heap leach operation. Preliminary metallurgical work indicates recovery rates exceeding 70% for gold and silver.
Integra Resources Corp. (ITRG) announced promising drill results from its DeLamar Project in southwestern Idaho. Key findings from Florida Mountain include FME-21-138 with 0.59 g/t gold and 15.01 g/t silver over 108.81 meters, while results from BlackSheep reveal potential for multiple targets. The ongoing 11,000-meter drill program aims to explore oxidized and transitional gold-silver mineralization, potentially increasing resource estimates. The Company continues to emphasize the vast untapped potential of its projects, highlighting cost-effective exploration strategies.
Integra Resources Corp. (TSX-V: ITR; NYSE American: ITRG) has made significant progress on its DeLamar Project. The Company completed over 80% of baseline studies critical for the Mine Plan of Operations (MPO) filing expected in late 2023. An 11,000 m exploration drill program has started to assess low-grade gold-silver stockpiles, potentially enhancing future mining plans. Stakeholder support remains strong, with 92% backing the project's advancement, aided by a comprehensive External Stakeholder Plan. These developments aim to facilitate permitting and improve the project's economic viability.
Integra has identified around 60 million tonnes of low-grade gold-silver material at the DeLamar project, potentially suitable for heap leach processing. Previous operations yielded an average grade of 1.2 g/t gold and 75 g/t silver. The upcoming 11,000 meter drill program, beginning in mid-September, aims to verify grade and increase mine life and production rates. Historical drill results support the material’s viability, with grades expected significantly above the cut-off grade. Successful outcomes could enhance project economics considerably.
Integra Resources Corp. (TSX-V: ITR; NYSE American: ITRG) has successfully completed its overnight marketed public offering, issuing 16.67 million shares at US$0.66 per share, raising US$11 million. Additionally, the company will draw an initial advance of US$10 million from a convertible loan facility of up to US$20 million from Beedie Investments. The proceeds will support the DeLamar Project's development, including 15,000 meters of drilling and working capital. Beedie Capital now holds an 8% equity stake in Integra, aligning its interests with shareholders.
Integra Resources Corp. (ITRG) has released promising drilling results from the DeLamar Project in Idaho, revealing significant mineralization of gold and silver. Drill hole IDM-22-204 showed 0.57 g/t gold and 131.29 g/t silver over 102.11 meters, including high-grade intercepts. These findings extend known mineralization at Sullivan Gulch by 30 meters and indicate potential in historic stockpiles for future heap leaching. The project exhibits a continuous high-grade gold-silver zone, enhancing the potential for future mining and development.
Integra Resources Corp. announced the voting results from its Annual General Meeting held on June 28, 2022, where 42.27% of outstanding shares were voted. Key approvals included setting the number of directors at 7, with individuals elected receiving over 94% support. MNP LLP was appointed as auditors with unanimous approval. The Amended and Restated Equity Incentive Plan was also approved, allowing up to 10% of issued shares for equity awards. This plan enhances the number of shares available for Restricted Stock Units and Deferred Stock Units, aligning with TSX Venture Exchange policies.
Integra Resources Corp. reported promising drill results from the DeLamar Project, revealing significant gold and silver intercepts at the Sullivan Gulch site. Notably, drill hole IDE-22-228 showed 0.76 g/t Au and 69.50 g/t Ag over 396.85 m, including high-grade results of 9.00 g/t Au and 491 g/t Ag over 1.52 m. These findings confirm the continuity of a new high-grade gold-silver zone and expand the potential resource growth at Sullivan Gulch. The company plans to resume drilling this summer, further enhancing exploration efforts in the region.
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?
