Integra drills 109.73 m of 2.53 g/t AuEq at DeLamar
INTEGRA RESOURCES Corp. has released results from recent drilling at the company’s 100-percent-owned DeLamar gold-silver project, situated in southwestern Idaho, that continue to highlight mineralization well outside of the current inferred resource boundary limits. Stepout drill hole IDM18-59 in the area of Sullivan Gulch adds a further 260 metres of strike potential in an area with no previous drilling, opening the zone for further potential resource expansion.
“Drilling at DeLamar continues to show the expansion potential on what is already a large mineral endowment. This is a big system and, due to little exploration work ever taking place as a result of the DeLamar mine being in operation during a period of depressed commodity prices, Integra has been consistently discovering new, large areas of mineralization within a stone’s throw of existing infrastructure,” commented Integra chief executive officer and president George Salamis.
“The case for future potential resource growth at the DeLamar project is now stronger than ever given this 260-metre stepout drill hole that hits above average grades, in fact greater than three times the average grade of the maiden inferred resource estimate, over a width of 109 metres. This latest drill hole now extends the Sullivan Gulch total strike length by approximately 400 metres outside of the 2018 inferred resource estimate boundary. We are particularly excited by drill hole IDM18-59 as it completely opens up the southeastern strike extension at Sullivan Gulch given that it was collared approximately 260 metres from the closest drill hole. Equally as significant, the intercept bottomed in gold-silver mineralization with a 20-metre run of over four grams per tonne gold equivalent, indicating that the zone is potentially thicker than demonstrated by this plus-100-metre-wide intercept.” DeLamar deposit: Sullivan Gulch zone
This latest round of drill assays from Sullivan Gulch represents results from two drill holes located to the south of drill results previously disclosed in September, 2018.
(See ITR Table 1 on page 13)
Update on current drill program and continuing resource estimation work
Given these recent results, the company has elected to defer drilling planned for other areas of DeLamar in order to immediately focus on Sullivan Gulch infill and stepout drilling, with the goal of driving further 2019 resource expansion. Management finds it prudent to delay the commencement of the resource estimate update from the first quarter of 2019 to the second quarter of 2019 to allow further drilling in Sullivan Gulch. The amended drill plan is designed to test more of this highly prospective zone, with the goal of potentially including these future drill results in the next resource estimate update and subsequent preliminary economic assessment (PEA). This resource update will form the basis of the 2019 PEA, now scheduled for the second half of 2019.
Henrietta and Town Road
Drill hole IDM18-067 completes a fence of three holes on a section at Henrietta that is now 340 m wide, and open to further drill testing to the northwest and southeast.
(See ITR Table 2 on page 13)
As drill ing to d ate at Henrietta has highlighted a wide zone of low-grade mineralization that is open to the west and east, further drilling will be conducted in this area in 2019.
We seek Safe Harbor.
Erika Flores condensed this news release ([email protected]watch.com).
David I Awram, Stephen Edward de Jong, Timo Jauristo, Anna Ladd-Kruger, George G Salamis
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