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 received approval from the U.S. Bureau of Land Management for an underground exploration drill program at its DeLamar Project. The program aims to enhance resource delineation beneath the Florida Mountain deposit. Recent drill results indicate high-grade gold and silver intercepts, including 1.79 g/t Au and 45.17 g/t Ag over 90.98 m. The project shows potential for further economic growth, as these high-grade resources could contribute positively to existing low-grade estimates. This approval positions Integra to efficiently explore and increase resource estimates.
Integra Resources Corp. announced the results of the Pre-feasibility Study (PFS) for its DeLamar Project, revealing a two-stage construction plan. The combined Heap Leach and Mill operations will process 35,000 mtpd and 6,000 mtpd, respectively. The after-tax NPV (5%) stands at US$412 million, with a 27% IRR at US$1,700/oz Au. Initial capital expenditures are pegged at US$282 million. Average annual production is projected at 163,000 AuEq ounces for the first eight years. The project includes sustainability initiatives to reduce the environmental impact, notably through a solar-powered microgrid.
Integra Resources Corp. (TSX-V:ITR; NYSE American:ITRG) has announced the grant of 8,651 deferred share units (DSUs) to three directors as part of their Q4 2021 compensation. This decision aligns with the Company's Amended and Restated Equity Incentive Plan and supports its Equity Ownership Policy, which encourages directors to hold shares in the Company. For 2022, five directors opted to receive their fees in DSUs, demonstrating commitment to the Company's long-term growth. Integra focuses on advancing the DeLamar Gold-Silver Project in Idaho, showcasing significant resource growth since 2017.
Integra Resources Corp. (TSX-V:ITR; NYSE American:ITRG) announced the granting of 391,510 options, 488,856 restricted share units, and 198,000 deferred share units as part of its Equity Incentive Awards to employees, executives, directors, and consultants. The options feature an exercise price of $2.61 per share and have a five-year expiry. Integra focuses on the DeLamar Gold-Silver Project, showcasing resource growth and exploration advancements. The company aims to complete a Pre-feasibility Study in Q1 2022.
Integra Resources Corp. has announced high-grade drill results from the Florida Mountain Deposit, showing significant gold and silver intercepts. Key results include FME-21-115 with 3.15 g/t gold and 16.63 g/t silver over 92.66 meters, and FME-21-127 with 24.64 g/t gold and 295.31 g/t silver over 5.18 meters. A total of 103 drill hits exceeding 4.0 g/t gold equivalent have been recorded. The ongoing drilling continues to demonstrate potential for high-grade resource optimization and underground exploration.
Integra Resources Corp. (ITRG) announced promising drill results from its ongoing metallurgical drill program at the DeLamar Project, specifically the Sullivan Gulch area. Key findings include:
- IDM-21-201: 0.66 g/t Au and 65.92 g/t Ag over 160.33 m
- IDM-21-202: 0.55 g/t Au and 34.51 g/t Ag over 124.06 m
- IDM-21-203: 12.04 g/t Au and 63.02 g/t Ag over 5.19 m
These results indicate extensive mineralization, with a potential strike length of 1,000 m and depth of 350 m, enhancing future studies. The Pre-feasibility Study is set to be completed in Q4 2021.
Integra Resources Corp. (TSX-V: ITR; NYSE American: ITRG) announces an expanded scope for its Pre-feasibility Study (PFS) at the DeLamar Gold-Silver Project, potentially increasing heap leach capacity to 32,000-35,000 tonnes per day and milling capacity to 8,000-10,000 tpd. This could result in a 50% increase in gold and silver production compared to the 2019 Preliminary Economic Assessment, which projected 124,000 oz AuEq/year. The PFS is expected to be completed in Q4 2021, supported by Governor Brad Little of Idaho, emphasizing the project's enhanced silver production potential.
Integra Resources Corp. has announced high-grade gold-silver drill results from its Florida Mountain Deposit at the DeLamar Project in Idaho. Key highlights include:
- Drill hole FME-21-125: 3.13 g/t Au and 104.08 g/t Ag over 31.24 m
- Drill hole FME-21-127: 24.64 g/t Au and 295.31 g/t Ag over 5.18 m
- 92 intercepts over 4.0 g/t AuEq to date, focused on key vein structures.
The Pre-feasibility Study is on track for Q4 2021 completion, indicating ongoing exploration potential.
Integra Resources Corp. announced the results of its Annual General Meeting held on June 29, 2021, where 22,225,932 shares (40.55% of outstanding shares) were voted. Key outcomes included the approval to set the number of directors at 7 and the election of directors, including Stephen de Jong and George Salamis, with votes in favor ranging from 86.58% to 99.98%. MNP LLP was appointed as auditors with 99.98% approval. The Amended and Restated Equity Incentive Plan was endorsed, allowing for increased share issuance, capped at 10% of outstanding shares.
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