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Delamar PEA on track

Idaho-focused Integra Resources says it’s on track to complete and deliver in September its preliminary economic assessment for Delamar in the state’s south-west after this week filing the NI43-101 updated resource estimate that has about 90% of global gold resources upgraded to measured and indicated.
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Drilling at Delamar in south western Idaho, USA

Staff reporter

The company, run by the former Integra Gold management team, has 3.9 million ounces outlined at Delamar and neighbouring Florida Mountain, with a rig currently active at the latter site as Integra aims to finish 6,500m of drilling this year.

Integra said the NI43-101 report filed this week, along with detailed engineering, environmental, metallurgical, operational, and economic studies, would be worked into the maiden PEA.

"The many studies underpinning Integra's maiden PEA, currently scheduled for completion in September 2019, are now complete or nearing completion," the company said.

"This PEA will be an option study for the project that demonstrates multiple processing options, including heap leaching and milling."

Integra has expanded its Delamar-Florida Mountain land position by 370% to more than 11,000 hectares since acquiring the former Kinross Gold properties and recently completed airborne geophysical and hyperspectral surveys over the whole tenement package, "surveying for the first time many prospective target areas on trend in newly staked territory".

"Outside of the well-defined deposit footprints, much of Integra's district size 11,000-plus hectare land package has never undergone modern exploration," the company said.

The first exploration in more than 25 years started at DeLamar in 2018 and Integra has completed more than 30,000m of drilling since then.