Integra Resources – Key Takeaways From The Updated Mineral Resource Estimate And Ongoing Developmental Work At The DeLamar Project
Jason Kosec, President and CEO of Integra Resources (TSX-V: ITR; NYSE: ITRG), joins us to outlines the key takeaways from the updated Minerals Resource Estimate and ongoing developmental work at the DeLamar Project, in Idaho. The updated resource now includes the addition of 504,000 ounces gold equivalent (AuEq) in the Measured and Indicated (M&I) resource category, and 46,000 oz AuEq in the inferred resource category through the recent successful stockpile drill program.
Including the 2023 DeLamar MRE, Integra now controls a total M&I resource of 6.2 million ounces AuEq and a total Inferred resource of 0.9Moz AuEq, for a total of 7.1 million ounces of AuEq across all categories at its key projects located in Idaho and Nevada. This represents one of the largest resource endowments in the Great Basin of the USA not controlled by a major mining company.
We discuss how these new economically accretive ounces added to the resource fit in to the current thinking on the project development, and for this material to significantly increase the heap leach mine life in future phases. The Company anticipates filing the Mine Plan of Operations (MPO) for DeLamar in Q4 2023, making DeLamar one of the only precious metal development projects in the Western United States that is actively being advanced towards a production permit
We also have Jason review the potential for further expansion of resources and robust exploration upside at both the Wildcat and Mountain View Projects in western Nevada, as well as key regional targets nearby the DeLamar Project like Florida Canyon, War Eagle, Tennessee Mountain, and Black Sheep.