Currently viewing Global edition

IP data delineates big anomaly west of Florida Mountain

Integra Resources has announced further results from 2020 drilling at Florida Mountain in south-west Idaho, part of its DeLamar gold project in Idaho.
IP data delineates big anomaly west of Florida Mountain IP data delineates big anomaly west of Florida Mountain IP data delineates big anomaly west of Florida Mountain IP data delineates big anomaly west of Florida Mountain IP data delineates big anomaly west of Florida Mountain

Florida Mountain in Idaho, USA

The company reported five drill holes representing about 1,500m of the 7,000m exploration drill programme at Florida Mountain. Highlights included 6.25m grading 8.91 grams per tonne of gold and 607.55g/t of silver within 87.48m grading 1.51g/t gold and 102.12g/t silver.

The intercepts reported consist of mineralisation with wide-spread low-grade gold-silver values, crosscut and underlain by narrower high-grade, steeply dipping low-sulphidation quartz-adularia veins. Integra has modelled seven high-grade vein structures which occur in the form of plunging shoots.

"Today's drill results continue to demonstrate the potential for a significant high-grade resource at Florida Mountain. In addition to today's strong drill results, the first IP (induced polarisation) geophysics campaign at Florida Mountain has identified a large chargeability anomaly immediately west of the current NI 43-101 resource that coincides strongly with soil geochemistry," said president and CEO George Salamis.

The IP data delineates an anomaly 1,200m in length to the west of Florida Mountain resource estimate which coincides with an arsenic and gold soil geochemistry anomaly.

Integra has also completed 2,800m of metallurgical drilling this year to characterise recovery variability within oxide and transitional mineralisation. Data from this programme is being used to optimise processing options at DeLamar and Florida Mountain, and advance metallurgical knowledge toward a pre-feasibility level on both deposits.

Two exploration drill rigs continue to target high-grade vein structures on Florida Mountain, while a third exploration drill rig is on War Eagle Mountain to test a soil geochemical anomaly identified in 2019. Florida Mountain drilling continues to test the "proof-of-concept" for high-grade underground veins. A second phase of drilling at Florida Mountain will test the north and south extensions to the near-surface oxide and transitional mineralisation. Rigs will then move to the Blacksheep and Deadwood Ridge areas northwest of DeLamar, where 3,000m of exploration drilling is planned to test several significant soil geochemical and IP anomalies.

Shares in Integra Resources are trading at C$4.12, valuing the company at $225 million.