Integra Resources Corp. (“Integra” or the “Company”)
(TSX-V:ITR; NYSE American: ITRG) is pleased to provide an
update on the Company’s environmental, social and governance
(“ESG”) activities to date in 2021. As Integra continues to advance
and de-risk its DeLamar Gold-Silver Project (“DeLamar” or the
“Project”) in southwest Idaho, the inclusion of ESG principles will
become increasingly prominent in every aspect of the Company’s
activity.
“It has always been in Integra’s DNA to help
drive change in an industry that is critical to modern life, and we
are committed to being leaders in how junior mine developers seek
to explore and develop natural resources. As we progress towards
the upcoming PFS, Integra has placed an immense focus on advancing
a multitude of ESG initiatives and activities that highlight our
commitment,” commented George Salamis, Integra’s President &
CEO.
“On the ground in Idaho, we have returned to our
active in-person stakeholder engagement program. We are listening,
engaging in dialogue, and soliciting valuable feedback that will
help us shape any future potential development at DeLamar,” added
Mark Stockton, Integra’s Vice President of Corporate Affairs &
Sustainability. “Creative collaboration and direct input from
groups such as Trout Unlimited, Warm Springs, and the CleanTech
Alliance will continue to serve Integra’s stakeholders and
shareholders well as we ensure our team is surrounded by
professionals with diverse perspectives, something we see as a
central part of advancing a resilient, sustainable and responsible
future operation.”
Memorandum of Understanding with Trout
Unlimited:
Integra has entered into a Memorandum of
Understanding (“MOU”) with Trout Unlimited to evaluate and
prioritize potential future habitat reclamation projects within the
Jordan Creek watershed in Owyhee County, Idaho. As is common with
many historic mining districts, Jordan Creek experienced heavy
impact from antiquated mining practices during the late 1800s and
early 1900s. Within the arid high desert terrain surrounding the
DeLamar Project, opportunities to collaborate on habitat
improvement projects outside of the Company’s land package
boundaries have the potential to positively impact habitat for
species such as the Redband Trout.
Warren Colyer, the Western Water & Habitat
Program Director with Trout Unlimited, commented, “Collaborative
efforts with mining companies like Integra can represent tremendous
opportunities to improve fish habitat, particularly in areas like
the Jordan Creek watershed where it is difficult to secure funding
to reclaim environmental damage from long-ago mining operations. In
southeastern Idaho, the results of similar partnerships have really
begun to show their merit, such as in the Upper Blackfoot River
where landowners, companies, agencies and conservation groups have
banded together to improve fish habitat, and trout populations are
beginning to show improvement.”
This partnership with Trout Unlimited
complements Integra’s commitment to minimizing unnecessary impacts
within the DeLamar Project boundaries and seeking opportunities to
offset them with positive habitat impacts in our surrounding areas.
This partnership also highlights the importance of collaboration
when cleaning up legacy abandoned mine land sites in the west given
the complicated mixed land ownership of former mining districts.
The overarching goal of this project will be to holistically look
at upper Jordan Creek to identify potential projects that will
improve the environmental health of the watershed. Some examples of
potential future projects could include road crossing improvements,
aquatic organism and fish passage barrier identification,
reclamation and revegetation of mining impacted lands, source
reduction of pollutants from historic mills, and in-stream habitat
improvements.
Warm Springs Consulting:
Integra has engaged Warm Springs Consulting
(“Warm Springs”) of Boise, Idaho, to work alongside the Company’s
engineering teams advancing the PFS - scheduled for completion in
Q4 2021. The team at Warm Springs is conducting trade-off studies
for the PFS that evaluate opportunities to incorporate
industry-leading technologies and sustainable practices that push
the bounds of what a responsible modern mine plan can look like.
The goal of these efforts is to evaluate options that have
potential to both enhance future economics while at the same time
minimizing potential environmental impacts.
Warm Springs recently completed the first phase
of an electrification trade-off study that outlines current and
in-development technologies that could help the Company drastically
reduce direct emissions (scope 1), while also reducing fuel costs
and other operating expenses over the life of the mine. Warm
Springs is also assessing renewable energy options to explore how
the mine could reduce indirect emissions (scope 2), lower
electricity costs and increase energy reliability at the site.
Warm Springs has more than 40 years of combined
experience in facilitating projects that lead
to higher profitability through the
implementation of climate change risk mitigation strategies,
greenhouse gas emissions reduction, energy and waste reduction,
technology planning and deployment, ESG strategy and reporting,
organizational facilitation and trainings, and public
engagement.
CleanTech Alliance
Integra has recently joined the CleanTech
Alliance, a Seattle-based group with over 1,100 member
organizations that facilitates the generation and growth of
cleantech companies and jobs across the Northwest. CleanTech
Alliance CEO Mel Clark recognized the new addition, stating "We
welcome Integra as our newest member of the Idaho Chapter of the
CleanTech Alliance and look forward to engaging with them in the
future, as they work towards potentially providing critical
materials for the transition to a clean energy future." As a
member, Integra will both benefit from collaborations with
companies pushing the envelope of responsible environmental
practice, and also represent an important voice as a potential
future producer of silver and gold, two metals critical to clean
technologies including solar energy production and next generation
automotive production. Mark Stockton, Integra’s Vice President of
Corporate Affairs & Sustainability, will serve on the Board of
Directors for the CleanTech Alliance.
Qualified Person
The scientific and technical information
contained in this news release has been reviewed and approved by
Timothy D. Arnold (PE, SME), Integra’s Chief Operating Officer, of
Reno, Nevada, and a “Qualified Person” (“QP”) as defined in
National Instrument 43- 101 – Standards of Disclosure for Mineral
Projects.
About Integra Resources
Integra is a development-stage mining company
focused on the exploration and de-risking of the past producing
DeLamar Gold-Silver Project in Idaho, USA. Integra is led by the
management team from Integra Gold Corp. which successfully grew,
developed and sold the Lamaque Project, in Quebec, for C$600 M in
2017. Since acquiring the DeLamar Project, which includes the
adjacent DeLamar and Florida Mountain gold and silver Deposits, in
late 2017, the Company has demonstrated significant resource growth
and conversion while providing a robust economic study in its
maiden Preliminary Economic Assessment. The Company is currently
focused on resource growth through brownfield and greenfield
exploration and the completion of a Pre-feasibility Study in Q4
2021 designed to advance the DeLamar Project towards permitting and
a potential construction decision. For additional information,
please reference the “Technical Report and Preliminary Economic
Assessment for the DeLamar and Florida Mountain Gold – Silver
Project, Owyhee County, Idaho, USA (October 22, 2019).”
ON BEHALF OF THE BOARD OF DIRECTORSGeorge
SalamisPresident, CEO and Director
CONTACT INFORMATIONCorporate Inquiries:
ir@integraresources.comCompany website:
www.integraresources.comOffice phone: 1 (604) 416-0576
Forward looking and other cautionary
statements
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 discussion with
respect to predictions, expectations, beliefs, plans, projections,
objectives, assumptions, future events or performance (often, but
not always using phrases such as “plans”, “expects”, “is expected”,
“budget”, “scheduled”, “estimates”, “forecasts”, “intends”,
“anticipates”, or “believes” or variations (including negative
variations) of such words and phrases, or state that certain
actions, events or results “may”, “could”, “would”, “might” or
“will” be taken, 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 and PEA; future growth potential of Integra; and
future development plans.
These forward-looking statements, and any
assumptions upon which they are based, are made in good faith and
reflect our current judgment regarding the direction of our
business. Management believes that these assumptions are
reasonable. Forward-looking information involves known and unknown
risks, uncertainties and other factors which may cause the actual
results, performance or achievements of the Company to be
materially different from any future results, performance or
achievements expressed or implied by the forward-looking
information. Such factors include, among others: risks related to
the speculative nature of the Company’s business; the Company’s
formative stage of development; the Company’s financial position;
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 formation 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 anticipated, estimated
or intended.
Forward-looking statements contained herein are
made as of the date of this news release and the Company disclaims
any obligation to update any forward-looking statements, whether as
a result of new information, future events or results, except as
may be required by applicable securities laws. There can be no
assurance that forward-looking information will prove to be
accurate, as actual results and future events could differ
materially from those anticipated in such statements. Accordingly,
readers should not place undue reliance on forward-looking
information.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
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