Integra Resources Reports Final Drill Results and Observations from DeLamar Stockpile Drill Program
Integra Resources Corp. has announced the remaining drill results from the stockpile drill program at the DeLamar Project in southwestern Idaho. The program, completed in Q2 2023, consisted of 321 drill holes totaling 12,588 meters. This release includes the results from the remaining 145 drill holes representing 4,244 meters.
Unlocking Potential for Increased Mine Life
The stockpile drill program aimed to test a significant portion of the estimated gold and silver mineralized material stockpiled and used as backfill at the DeLamar Project. Integra believes that this material has the potential to extend the heap leach mine life and enhance the project's economics. An updated mineral resource estimate for DeLamar, including the stockpile and backfill mineralized material, is expected in Q3 2023.
Drilling Highlights
The latest drilling highlights from DeLamar include significant intercepts such as NDM-23-133 with 0.23 g/t gold and 20.17 g/t silver over 103.63 meters, and from Florida Mountain, JG-23-024 with 0.33 g/t gold and 10.22 g/t silver over 21.34 meters. These results demonstrate the strong grade continuity and mineralization present within the stockpiles and backfill material.
Key Observations and Next Steps
The stockpile and backfill program targeted various areas at DeLamar and Florida Mountain, with the North DeLamar Backfill and Jacobs Gulch Stockpile showing significant potential. An updated economic study for DeLamar, incorporating the mineralized material from the stockpiles and backfill, is planned for next year. The company is currently focused on engineering and modeling efforts for the Mine Plan of Operations (MPO) submittal in Q4 2023.
Integra Resources continues to demonstrate resource growth and conversion at the DeLamar Project, with the goal of becoming a leading gold and silver producer in the Great Basin region.
Implications of Integra Resources' Drill Results on New Businesses
The final drill results from Integra Resources' DeLamar Project could have profound implications for new businesses in the mining sector. The stockpile drill program's success, which tested a significant portion of the estimated gold and silver mineralized material, suggests that there's untapped potential in such stockpiles. This could lead to a paradigm shift where new businesses focus on exploring and exploiting such overlooked resources, thereby extending mine life and enhancing project economics.
Drilling Highlights and their Impact
The significant intercepts from DeLamar, such as NDM-23-133 and JG-23-024, demonstrate the strong grade continuity and mineralization within the stockpiles and backfill material. For new businesses, this could mean that investing in advanced drilling and exploration technologies could yield significant returns.
Future Prospects and Opportunities
Integra's plans for an updated economic study incorporating the mineralized material from the stockpiles and backfill present a potential blueprint for new businesses. By focusing on engineering and modeling efforts for mine plan operations, new businesses can optimize their operations, leading to resource growth and conversion. This could position them as leading producers in their respective regions, mirroring Integra's ambitions in the Great Basin region.
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