Connect with us

Hi, what are you looking for?

Monday, Feb 6, 2023
Mugglehead Magazine
Alternative investment news based in Vancouver, B.C.

Gold

Integra Resources finds ‘unexpected’ positive results at Idaho’s DeLamar drill program

The results showed that the stockpile drill program has the potential to extend the heap leach mine life

Integra Resources finds 'unexpected' positive results at Idaho's DeLamar drill program
De Lamar, Idaho is considered a ghost town. It was acquired from a wholly-owned subsidiary of Kinross Gold Corporation in November 2017. Photo via Internet Archive

Integra Resources Corp. (TSX-V: ITR; NYSE American: ITRG) released its drill results from the DeLamar program in Idaho, United States and reported results exceeding its expectations.

On Thursday, the Vancouver-based company released the results for its metallurgical drill program at DeLamar and 24 additional drill holes from the 11,000-meter stockpile drill program at the same project.

The results showed that the stockpile drill program has the potential to extend the heap leach mine life and positively impact the already robust economics of the DeLamar Project, according to the company.

The following video shows a summary of the company’s drill results at the stockpile drill program:

Hot cyanide shakes suggest good heap leach recovery potential

The company encountered primarily oxide material with some mixed material after stockpile drilling. Hot cyanide shakes are being performed on drilled material and suggest good heap leach recovery potential. Based on past metallurgical work, preliminary test work on mineralized material correlates well with bottle roll tests and column test work which will also be performed on this material in the future.

  • Drill results from DeLamar stockpile drill program include the following:
    • NDM-22-037: 0.25 grams per tonne (g/t) gold (Au) and 21.38 g/t silver (Ag) (0.52 g/t gold equivalent (AuEq)) over 102.11 m
    • NDM-22-040: 0.34 g/t Au and 18.19 g/t Ag (0.58 g/t AuEq) over 83.82 m
    • NDM-22-050: 0.28 g/t Au and 53.26 g/t Ag (0.97 g/t AuEq) over 24.38 m
    • NDM-22-136: 0.32 g/t Au and 14.28 g/t Ag (0.50 g/t AuEq) over 85.34 m
    • NDM-22-147A: 0.32 g/t Au and 19.60 g/t Ag (0.57 g/t AuEq) over 42.68 m
    • NDM-22-143: 0.23 g/t Au and 19.25 g/t Ag (0.48 g/t AuEq) over 67.06 m
  • Drill results from metallurgical drill holes at DeLamar included:
    • IDM-22-211: 0.41 g/t Au and 75.37 g/t Ag (1.38 g/t AuEq) over 66.90 m
      • Including 0.38 g/t Au and 1,251.00 g/t Ag (16.48 g/t AuEq) over 1.83 m
    • IDM-22-214: 0.62 g/t Au and 7.85 g/t Ag (0.72 g/t AuEq) over 32.00 m

The drill results fell under the expected grade range of 0.3 g/t AuEq to 0.6 g/t AuEq and have the potential to provide material to further expand the heap leach mine life at DeLamar.

“This material could enhance the strong economics of the Project presented in the 2022 Pre-feasibility Study while also creating significant value from the portion of backfill material that was proposed to be handled as a pre-stripping cost in that study,” said George Salamis, President and CEO of Integra Resources.

Salamis said the company has increased the drill count on the project to three drill rigs as it continues the stockpile drill program and anticipates completing an updated resource estimate on this material in the first half of 2023.

Integra Resources stock went up by 1.12 per cent on Thursday to $0.90 on the Canadian Venture Exchange.

Read more: NevGold issues $1.5M in shares to GoldMining Inc. for Nutmeg Mountain project

Read more: NevGold’s oxide gold drill program in Nevada finds positive results

Other Vancouver-based and comparable companies include NevGold Corp. (TSX-V: NAU) (OTCQX: NAUFF) (FSE: 5E50) which recently issued around 3.6 million of its common shares to GoldMining Inc. (TSX:GOLD)(NYSE:GLDG) according to its Nutmeg Mountain acquisition agreement.

Under the Agreement, NevGold will issue the shares at $0.41 each for a total of $1.5 million. The company announced the issuance of payment last week and is waiting for approval from the TSX Venture Exchange.

 

NevGold Corp. is a sponsor of Mugglehead news coverage

 

Follow Mugglehead on Twitter

Like Mugglehead on Facebook

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Gold

The company intersected 33.4 g/t Au over 26 m in the Puerto Del Aire underground deposit

Gold

Central banks bought 1,136 tonnes of gold worth around $70 billion last year

Gold

Marc Leduc's four-decade long career includes all areas of the mining cycle

Mining

The mining corporation has issued an apology for losing the device on a vast stretch of road in Western Australia