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Be the first with the news that moves the market- Recent backfill drilling results from Integra Resources’ (ITR) Idaho deposits exceeded its expectations and may extend mine life projections
- Trace amounts of gold and silver equivalent were found throughout the tested DeLamar and Florida Mountain deposit areas
- These results support ITR’s belief that backfill material from previous operations at DeLamar and Florida Mountain could increase the heap leach mine life
- The company is also on track to complete an 11,000-metre stockpile program next month
- Integra Resources (ITR) is down 1.41 per cent trading at $0.70 per share
Recent backfill drilling results from Integra Resources’ (ITR) Idaho deposits exceeded its expectations and may extend mine life projections.
The drill results are from 20 additional drill holes over 984.5 m on the DeLamar deposit backfill and include the first assays from the Florida Mountain deposits Jacobs Gulch and Tip Top backfill. Trace amounts of gold and silver equivalent were found throughout these areas.
Moreover, the first drill results from Florida Mountain have exceeded ITR’s expectations and support the drilling completed at the DeLamar stockpiles/backfill.
ITR believes results can increase heap leach
ITR believes that these results support how backfill material from previous operations at DeLamar and Florida Mountain could increase the heap leach mine life. Currently, the estimated amount of material is 60 million tonnes located at surface in multiple areas around the DeLamar project.
In total, the company has drilled 8,907 m in 222 drill holes as part of this drill program and is on track to complete an 11,000 m stockpile drill program next month.
“The stockpile drill program is progressing well and increasing our confidence that this material will have a significant positive impact on a potential future heap leach mining operation at DeLamar,” stated George Salamis, President and CEO of ITR.
“The possibility of increasing the proposed mine life of the heap leach operation with this material, a portion of which was included as a pre-stripping cost in the [prefeasibility study], should positively enhance the already robust economics of the project,” he added.
Integra Resources (ITR) is down 1.41 per cent trading at $0.70 per share as of 2:26 pm ET.
