Integra Resources Intersects 16.73 g/t AuEq Over 6.25 m Within 2.82 g/t AuEq Over 87.48 m at Florida Mountain

Integra Resources Corp. is pleased to announce further exploration results from the 2020 Florida Mountain exploration program at the DeLamar Project, situated in Owyhee County in southwest Idaho. The drill and geophysics results outlined today continue to underscore the strong exploration potential that exists in near-deposit targets at Florida Mountain.

“With three exploration drill rigs in operation at the DeLamar Project, today’s drill results continue to demonstrate the potential for a significant high-grade resource at Florida Mountain,” commented George Salamis, President and CEO of Integra Resources. “In addition to today’s strong drill results, the first IP geophysics campaign at Florida Mountain has identified a large chargeability anomaly immediately west of the current NI 43-101 resource that coincides strongly with soil geochemistry. In addition to the aggressive 16,000 m exploration drill campaign underway, this year’s extensive IP geophysics work is progressing rapidly. The results to date have continued to correlate strongly with known mineralization, while simultaneously identifying new areas that are yet to be drill tested.”

Florida Mountain Drill Results

The following table highlights selected intercepts from the Florida Mountain drill holes announced today:

Drill Hole Number From (m) To
(m)
Interval
(m) (1)
g/t Au(2) g/t Ag(2) g/t AuEq(3)
FME-20-079 51.82 99.67 47.85 0.40 7.68 0.50
FME-20-080 209.09 241.10 32.00 0.51 27.27 0.86
FME-20-080
Incl:
304.80
305.71
306.48
306.48
1.68
0.76
11.75
25.29
1,951.88
3,841.14
36.87
74.73
FME-20-80 321.87 324.31 2.44 0.01 354.47 4.57
FME-20-081 244.30 244.91 0.61 11.07 1,480.13 30.12
FME-20-083 101.50 151.79 50.29 0.44 8.04 0.54
FME-20-084
Incl:
Incl:
Incl:
Incl STOPE(4):
Incl:
Incl:
1.98
1.98
16.67
24.69
34.14
41.76
86.87
89.46
8.23
19.20
27.74
39.50
43.13
88.09
87.48
6.25
2.53
3.05
5.36
1.37
1.22
1.51
8.91
5.64
0.90
0.00
7.57
10.80
102.12
607.55
245.38
607.50
0.00
652.54
5.85
2.82
16.73
8.79
8.72
0.00
15.96
10.87

 

(1) Downhole thickness; true width varies depending on drill hole dip; most drill holes are aimed at intersecting the vein structures close to perpendicular therefore true widths are close to downhole widths (approximately 70% conversion ratio)
(2) Intervals reported are uncapped
(3) Gold equivalent = g Au/t + (g Ag/t ÷ 77.70)
(4) For the interval that was previously mined/stoped and was therefore unrecoverable and unverifiable, a grade of 0 g/t Au was inserted for compositing.

 

The intercepts reported today consist of mineralization with wide-spread low-grade gold-silver values, crosscut and underlain by narrower high-grade, steeply dipping low-sulphidation quartz-adularia veins. Widespread intercepts from shallow oxide and transitional resource definition drilling conducted by Integra over the previous two years has confirmed potentially mineable widths and grades for these high-grade structures.

Integra’s exploration team has modeled 7 high-grade vein structures that appear similar in size and orientation to the historically productive high-grade Trade Dollar – Black Jack vein system. Most historic underground production stemmed from the Trade Dollar – Black Jack vein, while the remaining 6 veins saw limited production up until mining operations ceased with the start of World War 1. Geometrically, the veins occur in the form of plunging shoots over an altitude difference of approximately 300 m below the apex of Florida Mountain. Strike lengths of the individual shoots tend to be 100 m to 200 m long and with widths of between 1 m and 8 m.   

This recently improved model of high-grade veins at Florida Mountain provided much of the fundamental data that helped design the drill program currently underway. In today’s results, drill hole FME-20-084 intercepted several of the high-grade plunging shoots in a target area where Integra geologists have modelled the northern extension of the Trade Dollar – Black Jack vein. Deep intersects on drill hole FME-20-80 have intercepted the extension of the Alpine Vein, one of the six veins west of the Trade Dollar – Black Jack vein. Since 2018, Integra has drilled 13 drill holes at Florida Mountain that have intersected the targeted high-grade shoots. Of these 13 drill holes, 8 drill holes intersected sufficiently encouraging widths and grades to warrant further exploration for potentially underground mineable mineralization at Florida Mountain. To date, only a small percentage of these prospective vein structures have been drill tested.

Induced Polarization Geophysics Results

The Company recently completed the first 4 lines of a 12-line IP geophysics program over Florida Mountain. IP has proven to be a very effective tool for target generation in the DeLamar District because of the association of disseminated sulfide alteration with gold and silver mineralization. The IP data released today delineates an anomaly 1,200 m in length to the west of the NI 43-101 Resource Estimate at Florida Mountain in an area known as Rich Gulch. This anomaly coincides with an arsenic (“As”) and Au soil geochemistry anomaly. Historic drilling within the delineated zone of high-chargeability reported the following select intercepts:

Drill Hole Number* From (m) To (m) Interval (m) g/t Au
SRDH6 0.0 53.34 53.34 11.13
F0500 74.68 123.44 48.76 0.94
F0482 1.52 35.05 33.53 0.79

*The historic drill data reported in this release was developed by previous operators of the Florida Mountain Project prior to the introduction of NI43-101. Historic drill intersections are reported as drilled thicknesses. True widths of the mineralized intervals are estimated to be less than 75% of the reported widths. The historic drill data was sourced from Kinross/Nerco DeLamar Mine exploration and production data and reports. Integra Resources is providing this historic data for informational purposes only, and gives no assurance as to its reliability or relevance. Integra Resources has not completed any quality assurance program or applied quality control measures to the historic data. Accordingly, the historic data should not be relied upon.

Metallurgical Testwork Drill Highlights

The following table highlights notable intercepts from the 2020 Metallurgical testwork drill holes announced today:

Drill Hole Number Location From (m) To
(m)
Interval
(m) (1)
g/t Au(2) g/t Ag(2) g/t AuEq(3)
IDM-20-165 South Wahl 8.23 10.52 2.29 17.45 56.22 18.18
IDM-20-172 Milestone 49.53 142.34 92.81 0.30 61.30 1.09

 

(1) Downhole thickness; true width varies depending on drill hole dip; most drill holes are aimed at intersecting the vein structures close to perpendicular therefore true widths are close to downhole widths (approximately 70% conversion ratio)
(2) Intervals reported are uncapped
(3) Gold equivalent = g Au/t + (g Ag/t ÷ 77.70)

The 2020 metallurgical drill program has been designed to characterize recovery variability within the oxide and transitional mineralization at the DeLamar Project. The program seeks to further optimize processing options at DeLamar and Florida Mountain, and advance the Company’s metallurgical knowledge as Integra moves toward a pre-feasibility level on both Deposits in 2021.

Notable drill results from the program to date, in addition to the expected runs of mineralization in line with the current NI 43-101 resource, are provided in the table above. These results underscore the potential for high grade in historic structures that have not been the target of much modern exploration drilling, as well as the strong potential to increase the current resource as Integra aims to push all current drill holes beyond and below its boundary.

Next Phases of the 2020 Exploration Drill Program

At present, two exploration drill rigs continue to target high-grade vein structures on Florida Mountain, while a third exploration drill rig is on War Eagle Mountain where it has recently moved to test the soil geochemical anomaly identified in 2019. Florida Mountain drilling continues to test the “proof-of-concept” for high-grade underground veins. A second phase of drilling at Florida Mountain will shift the focus to drill testing the north and south extensions to the near-surface oxide and transitional mineralization. Results to date of the Project-wide 2020 exploration drill program have been released for 3,050 m of the proposed 16,000 m program.

Following drilling at Florida Mountain and War Eagle, drill rigs will then move to the Blacksheep Area and the Deadwood Ridge Area that lie northwest of the DeLamar Deposit, where approximately 3,000 m of exploration drilling is planned to test several significant soil geochemical and IP anomalies. A recent rock chip sampling program was completed over the outcropping vein zone at Georgianna in the southern half of Black Sheep. In addition, a zone approximately 300 m x 100 m of intense stockwork vein mineralization was delineated at the Lucky Days target also in Blacksheep.

Below is a table highlighting selective rock chip samples from these programs:

Sample Prospect Type AuEq Au Final (ppm) Ag Final (ppm)
102512 Lucky Day Rock Chip 3.724 0.291 266.77
102513 Lucky Day Rock Chip 2.264 0.184 161.63
102527 Lucky Day Rock Chip 4.339 0.857 270.55
102543 Lucky Day Subcrop 1.429 0.327 85.63
102300 Argentum Float 1.339 0.145 92.78
483428 Georgianna Rock Chip 1.687 0.125 121.40
483464 Georgianna Rock Chip 1.848 0.146 132.27
101353 Georgianna Float 14.738 13.328 109.57
101440 Georgianna Outcrop 2.457 1.120 103.90
101609 Lucky Day Float 1.541 0.027 117.67

 

Sampling and QA/QC Procedure

Thorough QA/QC protocols are followed on the Project, including insertion of duplicate, blank and standard samples in the assay stream for all drill holes. The samples are submitted directly to American Assay Labs in Reno, Nevada for preparation and analysis. Analysis of gold is performed using fire assay method with atomic absorption (AA) finish on a 1 assay ton aliquot. Gold results over 5 g/t are re-run using a gravimetric finish. Silver analysis is performed using ICP for results up to 100 g/t on a 5 acid digestion, with a fire assay, gravimetric finish for results over 100 g/t silver.

Qualified Person

The scientific and technical information contained in this news release has been reviewed and approved by E. Max Baker PhD. (FAusIMM), Integra’s Vice President Exploration, of Reno, Nevada, and is a “Qualified Person” (“QP”) as defined in National Instrument 43- 101 – Standards of Disclosure for Mineral Projects.

About Integra Resources

Integra is a development-stage mining company focused on the exploration and de-risking of the past producing DeLamar Gold-Silver Project in Idaho, USA. Integra is led by the management team from Integra Gold Corp. which successfully grew, developed and sold the Lamaque Project, in Quebec, for C$600 M in 2017. Since acquiring the DeLamar Project, which includes the adjacent DeLamar and Florida Mountain gold and silver Deposits, in late 2017, the Company has demonstrated significant resource growth and conversion while providing a robust economic study in its maiden Preliminary Economic Assessment. The Company is currently focused on resource growth through brownfield and greenfield exploration and the start of pre-feasibility level studies designed to advance the DeLamar Project towards a potential construction decision. For additional information, please reference the “Technical Report and Preliminary Economic Assessment for the DeLamar and Florida Mountain Gold – Silver Project, Owyhee County, Idaho, USA (October 22, 2019).”

ON BEHALF OF THE BOARD OF DIRECTORS

George Salamis
President, CEO and Director

CONTACT INFORMATION

Corporate Inquiries: ir@integraresources.com
Company website: www.integraresources.com
Office phone: 1 (604) 416-0576

See Campaign: http://www.integraresources.com
Contact Information:
Corporate Inquiries:ir@integraresources.com
Company website:www.integraresources.com
Office phone: 1 (604) 416-0576

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Contact Information:

Corporate Inquiries: ir@integraresources.com
Company website: www.integraresources.com
Office phone: 1 (604) 416-0576

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