Mining News
Integra adds 550,000 gold equivalent ounces to its DeLamar project in Idaho
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(Kitco News) - Integra Resources (TSXV: ITR) (NYSE: ITRG) today announced an updated mineral resource estimate (MRE) for the DeLamar and Florida Mountain deposits in Idaho that incorporates the results from the stockpile drill program.
In a press release, the company said that its “highly successful” stockpile drill program added a measured and indicated (M&I) resource of 504,000 oz AuEq and an inferred resource of 46,000 oz AuEq.
According to Integra, the mineralized stockpile and backfill material that was incorporated into the updated DeLamar MRE demonstrates the potential for this material to “significantly increase” the heap leach mine life in future phases.
The company added that the updated DeLamar MRE increased the total heap leachable oxide-and-mixed ounces within the M&I category by ~25% and increased the total inferred ounces by ~31%.
“In total, ~90% of the updated MRE falls within the M&I category, highlighting the quality and scarcity of projects such as DeLamar in the prolific Great Basin mining district of the USA,” Integra said.
Including the 2023 DeLamar MRE, Integra now controls a total M&I resource of 6.2 Moz AuEq and a total inferred resource of 0.9Moz AuEq across its key projects located in Idaho and Nevada, representing one of the largest resource endowments in the Great Basin of the USA not controlled by a major mining company.
The company said it has begun optimization work on the mineralized stockpile material to evaluate its potential inclusion in future phases of heap leaching at DeLamar which will be formally included in a feasibility study expected to be released in late 2024 or early 2025.
Integra is one of the largest precious metals exploration and development companies in the Great Basin of the Western USA. Integra is currently focused on advancing its three flagship oxide heap leach projects: the past producing DeLamar project located in southwestern Idaho and the Wildcat and Mountain View projects located in western Nevada.
