Integra Resources Files Technical Report for DeLamar and Florida Mountain Project
Integra Resources Corp. has announced the filing of a technical report for the updated Mineral Resource Estimate (MRE) at the DeLamar and Florida Mountain Project in southwestern Idaho. The MRE incorporates the results from a successful stockpile drill program, adding an Indicated resource of 504,000 ounces (oz) gold equivalent (AuEq) and an Inferred resource of 46,000 oz AuEq. The updated MRE demonstrates the potential for the mineralized stockpile and backfill material to significantly increase the heap leach mine life in future production phases. The M&I category of the updated MRE has increased by approximately 25%, highlighting the quality and scarcity of projects like DeLamar in the prolific Great Basin mining district of the USA.
DeLamar Technical Report Highlights
The DeLamar MRE, including the 2023 update, now comprises a total M&I resource of 6.2 million ounces (Moz) AuEq and a total Inferred resource of 0.9 Moz AuEq. The stockpile resource estimate includes an Indicated resource of 504 koz AuEq and an Inferred resource of 46 koz AuEq. The stockpile drill program successfully added over 500 kozs AuEq (M&I), representing the lowest discovery cost per ounce in the history of DeLamar. The updated MRE also demonstrates the potential for extended heap leach mine life in future phases of operations.
Project Update and Future Plans
Integra Resources anticipates filing the Mine Plan of Operations (MPO) for DeLamar in Q4 2023, making it one of the few precious metal development projects in the Western United States that is actively advancing towards a production permit. The Company's President, CEO & Director, Jason Kosec, expressed excitement about the updated MRE, stating that it solidifies Integra's position as a leading exploration and development company in the Great Basin. The focus now shifts to finalizing the MPO for DeLamar, which represents another crucial step towards the Company's vision of becoming a prominent gold and silver producer in the USA.
In conclusion, the filing of the technical report for the DeLamar and Florida Mountain Project showcases the significant resource potential of Integra Resources. The updated MRE highlights the quality and scarcity of projects in the Great Basin mining district, and the successful stockpile drill program has added substantial value to the project. With plans to advance towards a production permit, Integra Resources is well-positioned to become a key player in the gold and silver industry.
The recent filing of a technical report by Integra Resources Corp. for the DeLamar and Florida Mountain Project in southwestern Idaho could have profound implications for new businesses in the mining sector. The updated Mineral Resource Estimate (MRE) incorporates a successful stockpile drill program, adding an impressive Indicated resource of 504,000 ounces gold equivalent. This could potentially extend the heap leach mine life in future production phases, a game-changer for new businesses looking to invest in sustainable mining operations.
The DeLamar project is a shining example of the quality and scarcity of projects in the prolific Great Basin mining district, with the M&I category of the updated MRE increasing by approximately 25%. This could potentially raise the bar for new businesses entering the mining sector, pushing them to innovate and improve their exploration techniques to compete.
Furthermore, Integra Resources' plan to file the Mine Plan of Operations (MPO) for DeLamar in Q4 2023 signals a shift towards production. This could inspire new businesses to expedite their operations to keep pace. Indeed, the DeLamar and Florida Mountain Project is a testament to the significant resource potential of the Great Basin mining district, and new businesses would do well to take note.
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