Press Release Highlights:
- Results from both step-out and infill drilling
continues to confirm gold-silver mineralization continuity and
future resource expansion potential to the southeast of Sullivan
Gulch
- Majority of drilling reported is well outside of the
current inferred resource, and remains open for further
expansion
- Select high-grade and significant lower-grade drill
results from the Sullivan Gulch Zone within the DeLamar Deposit
include:
- IDM18_052 : 1.33 g/t AuEq over 195.99 meters (“m”) incl
5.40 g/t AuEq over 10.51 m, 10.58 g/t AuEq over 7.31 m, and 11.45
g/t AuEq over 2.29 m
- IDM18_046 : 1.41 AuEq g/t over 144.78 m, incl 12.69 g/t
AuEq over 9.15 m
- IDM18_047 : 1.21 AuEq g/t over 179.83 m incl 3.38 g/t
AuEq g/t over 25.91 m
- IDM18_048 : 0.74 g/t AuEq over 327.66 m
- Results from new Induced Polarization (“IP”) survey
suggest a geophysical anomaly at Sullivan Gulch extends 500 m
beyond these step-out intercepts to the southeast
- Drilling on additional targets at the Delamar Deposit
continues to confirm impressive resource expansion potential in
areas such as Glenn Silver, Sommercamp, and others, including:
- IDM18_035 : 1.51 g/t AuEq over 19.82 m (SW
DeLamar)
- IDM18_039 : 1.20 g/t AuEq over 36.58 m
(DeLamar)
- IDM18_029 : 0.80 g/t AuEq over 99.06 m
(Sommercamp)
- IDM18_42C : 1.90 g/t AuEq over 34.14 m
(Sommercamp)
- IDM18_023 : 0.89 g/t AuEq over 112.62 m (Glenn Silver)
incl 1.63 g/t AuEq over 34.75 m
VANCOUVER, British Columbia, Sept. 18, 2018 (GLOBE NEWSWIRE) --
Integra Resources Corp. (TSXV:ITR ; OTCQX:IRRZF)
(the “Company” or “Integra”) is pleased to announce additional
assay results from its 2018 exploration program on the DeLamar Gold
and Silver Project (“DeLamar, or the “Project”), located in the
historic Owyhee County mining district in south western Idaho,
U.S.A. The results announced today continue to positively
demonstrate the continuity of mineralization within the DeLamar
Deposit, with large zones of lower-grade gold-silver and selected
higher-grade intercepts in Sullivan Gulch and other areas. Today’s
results are from roughly 8,400 metres (“m”) of drilling (34 holes)
as part of a 20,000 m exploration program currently underway in
2018.
“With an abundance of excellent drill results in-hand, it is
becoming apparent that the potential to expand the gold-silver
resource at DeLamar is being measurably demonstrated on multiple
fronts,” stated George Salamis, CEO of Integra Resources. “To date,
Integra has drilled four fences roughly 100 to 150 m apart across
the northern section of Sullivan Gulch. Today’s drill results
demonstrate strong continuity of gold-silver mineralization over
extensive widths, and in certain cases with high grades. Many of
these results are located well outside of the existing inferred
resource boundary, over intervals that are, at times, twice the
average grade of the current inferred resource. The
southernmost fence is located 150 m beyond the limit of the current
inferred resource.”
Mr. Salamis continued, “Initial IP surveys conducted by Integra
portrayed a very strong correlation between the existing inferred
DeLamar resource outline and high IP chargeability. Subsequent
surveys have highlighted a strong IP anomaly in Sullivan Gulch that
extends 500 m beyond the last fence of drill results reported
today. This IP anomaly has now delineated a target 1.2 kilometers
in length at Sullivan Gulch, a zone that was not mined by previous
operators. The new Zone at Sullivan Gulch, along with the IP
chargeability on the Project, could potentially double the
prospective footprint of the existing DeLamar Deposit trend.” Mr.
Salamis added, “We are equally excited to report that elsewhere at
DeLamar in zones such as Sommercamp and Glenn Silver, drill holes
aimed to test beyond the margins of the current inferred resource
envelope have returned with positive results that have the
potential to significantly grow the resource. This summer’s drill
program has strongly demonstrated the potential for resource growth
at multiple targets on extension from the known inferred resource
at DeLamar.”
DeLamar Deposit: Sullivan Gulch
Zone Drill Results Summary
This latest round of drilling from Sullivan
Gulch represents results from three separate drill fences located
adjacent to the drill results previously disclosed in May and June
this year. One fence was completed 100 m to the northwest, while
two fences were drilled to the southeast in 100 m and 250 m
step-outs, respectively.
To view the previous news releases outlining
Sullivan Gulch drill results, please click on the following
links:
https://integraresources.com/site/assets/files/2568/2018-05-10-nr-itr-ptug69.pdf
https://integraresources.com/site/assets/files/2574/2018-06-25-nr-itr-r3gsz2.pdf
The following table highlights selected
intercepts from this set of drill results.
Drill Hole
Number |
From
(m) |
To
(m) |
Interval
(m) (1) |
g/t Au |
g/t Ag |
g/t AuEq(2) |
IDM18_046
Including |
260.6
275.84 |
405.38
284.99 |
144.78
9.15 |
1.29
12.01 |
9.9
57.86 |
1.41
12.69 |
IDM18_047
Including |
263.65
263.65 |
443.48
289.56 |
179.83
25.91 |
0.49
1.43 |
61.55
165.44 |
1.21
3.38 |
IDM18_048 |
115.82 |
443.48 |
327.66 |
0.51 |
19.36 |
0.74 |
IDM18_052
Including
Including
Including |
200.86
208.64
315.47
337.41 |
396.85
219.15
322.78
339.70 |
195.99
10.51
7.31
2.29 |
0.97
4.03
9.04
5.81 |
30.46
118.00
131.22
479.47 |
1.33
5.18
10.58
11.45 |
IDM18_054 |
48.46 |
85.04 |
36.58 |
0.33 |
36.78 |
0.76 |
IDM18_055 |
63.70 |
140.82 |
77.12 |
0.26 |
13.45 |
0.42 |
IDM18_056 |
188.82 |
215.86 |
27.04 |
0.66 |
7.08 |
0.75 |
IDM18_058 |
157.73 |
185.62 |
27.89 |
0.50 |
22.37 |
0.76 |
(1) Downhole thickness; true width varies depending on
drill hole dip; most drill holes are aimed at intersecting the vein
structures close to perpendicular therefore true widths are close
to downhole widths (approximately 85% conversion ratio)
(2) Gold equivalent = g Au/t + (g Ag/t ÷ 85)
To view cross sections of the Sullivan Gulch
Zone within the DeLamar Deposit please click on the following
links:
https://www.integraresources.com/site/assets/files/2572/sullivan_gulch_46-48_vuse-1.pdf
https://www.integraresources.com/site/assets/files/2572/sullivan_gulch_-_50_and-1.pdf
To view a plan map of the current drill program
at the DeLamar Deposit, please click on the following link:
https://www.integraresources.com/site/assets/files/2572/delamar_vuse.pdf
Induced Polarization Geophysical Survey
Results
The Company completed its first comprehensive
Induced Polarisation (“IP”) geophysical survey at 300 m
line-spacings over the entire DeLamar Deposit inferred resource
footprint. The results of the survey clearly depicted a strong
correlation between the high IP chargeability anomaly and the
DeLamar inferred resource. Encouraged by these results, Integra
completed additional IP geophysical work at DeLamar, in areas
roughly 2 km to the northwest (the Henrietta and Milestone
targets), as well as to the southeast (the Sullivan Gulch and
Sullivan Knob targets) of the DeLamar deposit boundaries. As a
means of drill targeting, the Company has been successfully
following the IP anomaly to the southeast on extension from
Sullivan Gulch, with excellent results such as those released
today.
The IP chargeability anomaly hosting today’s
drill results extends an additional 500 m to the southeast in an
area that has not yet been tested by the Company. Management is
confident that Sullivan Gulch is open to the southeast and plans to
drill these areas in the near future.
Glenn Silver, Sommercamp, and Other
DeLamar Deposit Drill Results Summary
In addition to the successful drilling at
Sullivan Gulch, the Company has been actively exploring other zones
within the DeLamar Deposit. These targets, including Glenn Silver,
Sommercamp, and others, were drilled with the intention of
confirming the existing inferred resource and testing for
unexplored lateral extensions of gold-silver
mineralization.
Previous drilling conducted by Kinross Gold
(“Kinross”) and others at DeLamar was largely limited to an average
depth of 120 m, whereas Integra’s current program has been drill
testing to an average depth of +250 m vertical. The majority of the
drill results reported below were completed in drill holes
occurring between 50 m and 100 m laterally on extension from the
current inferred resource model in areas within the DeLamar Deposit
such as Glenn Silver, Sommercamp, and N. Delamar. Today’s results
highlight strong opportunity for future resource expansion across
multiple zones of the DeLamar Deposit.
The following table highlights selected
intercepts from this tranche of drill results.
Drill Hole
Number |
From
(m) |
To
(m) |
Interval
(m) (1) |
g/t Au |
g/t Ag |
g/t AuEq(2) |
IDM18_010 |
69.49 |
98.10 |
28.61 |
0.41 |
149.15 |
2.22 |
IDM18_013 |
54.56 |
71.27 |
16.71 |
0.69 |
13.54 |
0.85 |
IDM18_015 |
2.74 |
53.64 |
50.90 |
0.13 |
28.11 |
0.46 |
IDM18_017 |
4.72 |
44.20 |
39.48 |
0.20 |
48.84 |
0.77 |
IDM18_023
Including |
14.94
89.61 |
127.56
124.36 |
112.62
34.75 |
0.76
1.50 |
10.87
10.96 |
0.89
1.63 |
IDM18_024 |
297.18 |
320.04 |
22.86 |
0.64 |
4.40 |
0.69 |
IDM18_025 |
31.18 |
61.03 |
29.84 |
0.36 |
35.97 |
0.78 |
IDM18_027 |
15.24 |
55.78 |
40.54 |
0.41 |
66.09 |
1.19 |
IDM18_028 |
14.94 |
57.61 |
42.67 |
0.38 |
34.57 |
0.79 |
IDM18_029 |
137.16 |
236.22 |
99.06 |
0.52 |
23.36 |
0.80 |
IDM18_030 |
60.35 |
151.79 |
91.44 |
0.44 |
6.36 |
0.51 |
IDM18_035 |
214.88 |
234.70 |
19.82 |
0.17 |
114.16 |
1.51 |
IDM18_042C |
18.90 |
37.80 |
18.90 |
0.65 |
138.48 |
2.28 |
(1) Downhole thickness; true width varies depending on
drill hole dip; most drill holes are aimed at intersecting the vein
structures close to perpendicular therefore true widths are close
to downhole widths (approximately 85% conversion ratio)
(2) Gold equivalent = g Au/t + (g Ag/t ÷ 85)
DeLamar Project Exploration
Ongoing
Since the start of the 2018 exploration
campaign, the Company has drilled roughly 19,333 m in 54 drill
holes. A metallurgical testwork program is now also ongoing with
McClelland Labs in Reno, Nevada.
To view the Metallurgy Testwork Program news
release, please click on the following link:
https://integraresources.com/site/assets/files/2579/2018-09-06-nr-itr-hshg5u.pdf
The 2018 exploration drill campaign is expected
to conclude in mid-October, 2018.
Sampling and QA/QC
Procedure
Thorough QA/QC protocols are followed on the
Project, including insertion of duplicate, blank and standard
samples in the assay stream for all drill holes. The samples are
submitted directly to American Assay Labs in Reno, Nevada for
preparation and analysis. Analysis of gold is performed using fire
assay method with atomic absorption (AA) finish on a 1 assay ton
aliquot. Gold results over 5 g/t are re-run using a gravimetric
finish. Silver analysis is performed using ICP for results up to
100 g/t on a 5 acid digestion, with a fire assay, gravimetric
finish for results over 100 g/t silver.
Qualified Person
The scientific and technical information
contained in this news release has been reviewed and approved by E.
Max Baker PhD. (FAusIMM), Integra’s Vice President Exploration, of
Reno, Nevada, and is a "Qualified Person"(“QP”) as defined in
National Instrument 43- 101 – Standards of Disclosure for Mineral
Projects.
About Integra Resources
Integra Resources Corp. is a development-stage
company engaged in the acquisition, exploration and development of
mineral properties in the Americas. The primary focus of the
Company is advancement of it’s DeLamar Project, consisting of the
neighbouring DeLamar and Florida Mountain Gold and Silver Deposits
in the heart of the historic Owyhee County mining district in south
western Idaho. The first exploration program in over 25 years is
currently underway on the DeLamar Project with more than 20,000
meters planned for 2018. The management team comprises the former
executive team from Integra Gold Corp.
ON BEHALF OF THE BOARD OF DIRECTORS
George Salamis
President, CEO, and Director
CONTACT INFORMATION
Corporate Inquiries: Chris Gordon,
chris@integraresources.com
Company website: www.integraresources.com
Office phone: 1 (604) 416-0576
This news release contains "forward-looking
information" and "forward-looking statements" (collectively,
"forward-looking statements") within the meaning of the applicable
Canadian securities legislation. All statements, other than
statements of historical fact, are forward-looking statements and
are based on expectations, estimates and projections as at the date
of this news release. Any statement that involves discussions with
respect to predictions, expectations, beliefs, plans, projections,
objectives, assumptions, future events or performance (often but
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certain actions, events or results "may" or "could", "would",
"might" or "will" be taken to occur or be achieved) are not
statements of historical fact and may be forward-looking
statements. In this news release, forward-looking statements
relate, among other things, to: statements about the estimation of
mineral resources; magnitude or quality of mineral deposits;
anticipated advancement of mineral properties or programs; future
operations; future exploration prospects; the completion and timing
of mineral resource estimates; the length of the current market
cycle and requirements for an issuer to survive in the current
market cycle; future growth potential of Integra; and future
development plans.
These forward-looking statements are based on
reasonable assumptions and estimates of management of Integra at
the time such statements were made. Actual future results may
differ materially as forward-looking statements involve known and
unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements of Integra to
materially differ from any future results, performance or
achievements expressed or implied by such forward-looking
statements. Such factors, among other things, include: possible
variations in mineralization, grade or recovery rates; actual
results of current exploration activities; actual results of
reclamation activities; conclusions of future economic evaluations;
business integration risks; fluctuations in general macroeconomic
conditions; fluctuations in securities markets; fluctuations in
spot and forward prices of gold, silver, base metals or certain
other commodities; fluctuations in currency markets (such as the
Canadian dollar to United States dollar exchange rate); change in
national and local government, legislation, taxation, controls,
regulations and political or economic developments; risks and
hazards associated with the business of mineral exploration,
development and mining (including environmental hazards, industrial
accidents, unusual or unexpected formations pressures, cave-ins and
flooding); inability to obtain adequate insurance to cover risks
and hazards; the presence of laws and regulations that may impose
restrictions on mining; employee relations; relationships with and
claims by local communities and indigenous populations;
availability of increasing costs associated with mining inputs and
labour; the speculative nature of mineral exploration and
development (including the risks of obtaining necessary licenses,
permits and approvals from government authorities); and title to
properties. Although the forward-looking statements contained in
this news release are based upon what management of Integra
believes, or believed at the time, to be reasonable assumptions,
Integra cannot assure its shareholders that actual results will be
consistent with such forward-looking statements, as there may be
other factors that cause results not to be as anticipated,
estimated or intended.
Readers should not place undue reliance on the
forward-looking statements and information contained in this news
release. Except as required by law, Integra assumes no obligation
to update the forward-looking statements of beliefs, opinions,
projections, or other factors, should they change, except as
required by law.