In­te­gra drills 109.73 m of 2.53 g/t AuEq at DeLa­mar

Stockwatch Daily - - MINES & METALS - Mr. Ge­orge Salamis re­ports

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]­

David I Awram, Stephen Ed­ward de Jong, Timo Jau­risto, Anna Ladd-Kruger, Ge­orge G Salamis

(ITR) Shares: 77,307,511

Newspapers in English

Newspapers from Canada

© PressReader. All rights reserved.