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 reported promising gold-silver discoveries from its BlackSheep District, a 30 km² area northwest of the DeLamar Deposit. Initial drill results from four holes revealed significant low-sulphidation epithermal mineralization, highlighting high-grade intercepts like 0.66 g/t Au and 117.25 g/t Ag over 10.67 m. The successful drilling indicates potential for large mineralized systems, with ongoing exploration set to expand on these findings. The company plans a resource update in Q2 2021 and further drilling at multiple targets.
Integra Resources Corp. is advancing its exploration initiatives at the DeLamar Project in Idaho, initiating a 10,000-meter winter drilling program focused on high-grade and low-grade resources. Key targets include the Florida Mountain Deposit and Black Sheep area, with multiple follow-up studies aimed at enhancing silver recovery in the upcoming Pre-feasibility Study (PFS) due in Q4 2021. The resource estimate at DeLamar includes 116 million ounces of silver, with ongoing metallurgical testwork aimed at improving recovery rates through innovative processing techniques.
Integra Resources Corp. (NYSE American: ITRG) announced an Equity Distribution Agreement with Stifel to implement an at-the-market equity program. This program will enable the issuance of common shares from treasury to the public at the company's discretion to fund exploration drilling. The net proceeds from any share sales will support resource growth at the DeLamar Gold-Silver Project in Idaho, with shares sold at prevailing market prices in the U.S. Copies of the related prospectus can be accessed through Stifel.
Integra Resources Corp. (TSX-V:ITR; NYSE American:ITRG) has announced the granting of 285,683 options, 358,203 restricted share units, and 87,500 deferred share units as part of its Equity Incentive Awards. These awards, aimed at employees, executives, directors, and consultants, have an exercise price of $4.71 per share and will expire in five years. Integra is focused on the exploration and development of the DeLamar Gold-Silver Project in Idaho, aiming for resource growth and pre-feasibility studies.
Integra Resources Corp. (TSX-V:ITR; NYSE American: ITRG) has announced promising drill results from Florida Mountain in the DeLamar Project, Idaho. Key highlights include:
- Drill Hole FME-20-085 intersected 4.53 g/t gold and 262.67 g/t silver over 85.35 m.
- A total of 20 drill holes have been completed, with 13 showing significant high-grade mineralization.
- Potential resource expansion of approximately 300 meters south of the current estimate has been identified.
The exploration program showcases strong potential for both high-grade and low-grade resource development.
Integra Resources Corp. (NYSE American: ITRG) has appointed Mine Development Associates (MDA) as the lead engineering firm for the Pre-Feasibility Study (PFS) at the DeLamar Gold-Silver Project in Idaho. The PFS aims to explore larger production scenarios compared to the 2019 Preliminary Economic Assessment. Fully financed with C$42 million, the PFS is set for completion in Q4 2021. Currently, 90% of DeLamar's resources are Measured and Indicated, negating the need for costly drilling. Integra emphasizes local procurement as part of its sustainability strategy.
Integra Resources Corp. (TSX-V:ITR; NYSE American: ITRG) reports high-grade drill results from War Eagle Mountain on the DeLamar Project, Idaho. Key findings include:
- Drill Hole IWE-20-014: 24.20 g/t Au and 655.06 g/t Ag over 7.62 m.
- Drill Hole IWE-20-016: 1.19 g/t Au and 11.65 g/t Ag over 30.63 m.
- Drill Hole IWE-20-017: 21.85 g/t Au and 76.39 g/t Ag over 1.52 m.
The drilling identified two parallel mineralized structures with over 500 m strike lengths, suggesting potential for further resource expansion.
Virtual Investor Conferences announced the availability of on-demand presentations from the Global Metals and Mining Virtual Investor Conference as of October 26, 2020. Presentations are accessible 24/7 for 90 days, allowing investors and analysts to download shareholder materials from virtual trade booths for three weeks. Keynote topics include the role of gold as a portfolio enhancer and predictions on gold prices affecting miners.
Integra Resources has reported significant high-grade gold and silver intercepts from its ongoing exploration at the Florida Mountain deposit, part of the DeLamar Project in Idaho. Key highlights include drill hole FME-20-080, which returned 11.75 g/t Au and 1,951.88 g/t Ag (36.87 g/t AuEq) over 1.68 m. The company has completed 1,500 m of a planned 7,000 m drill program, with 2,625 m remaining. Additionally, large geophysical anomalies have been identified, further enhancing exploration potential. Integra's metallurgical drilling aims to optimize recovery options and expand resources.
Integra Resources Corp. (TSX-V:ITR; NYSE American:ITRG) has successfully closed a bought deal financing, issuing 6,785,000 common shares at $3.40 each. This generated gross proceeds of $23,069,000. The offering included an over-allotment option that was fully exercised. Coeur Mining, Inc. increased its stake from 4.8% to 5.6% by purchasing 735,294 shares. Proceeds will fund exploration and pre-feasibility studies at the DeLamar Project, in addition to general working capital.
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