INTEGRA LAUNCHES LARGEST DRILL PROGRAM IN ITS HISTORY: 50,000-METER EXPANDED PROGRAM TARGETING RESOURCE GROWTH, MINE LIFE EXTENSION AND ADVANCED ENGINEERING AT FLORIDA CANYON, DELAMAR AND NEVADA NORTH
Rhea-AI Summary
Integra Resources (NYSE American: ITRG) launched a 50,000‑meter 2026 Drilling Program across Florida Canyon, Nevada North (Wildcat) and DeLamar to target resource growth, mine‑life extension and engineering data. Initial results begin summer 2026, with programs completing by Q4 2026 and a Wildcat PFS targeted for early 2027.
Positive
- 50,000 meters total drill program announced
- 42,500 meters at operating Florida Canyon mine
- 5,500 meters for Nevada North resource conversion
- 2,500 meters engineering drilling at DeLamar
- Initial results planned starting summer 2026
Negative
- Drilling dependent on permits for Nevada North (Exploration Plan approval)
- Results and PFS timelines extend into 2027, delaying near-term conversion
News Market Reaction – ITRG
On the day this news was published, ITRG gained 3.10%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
ITRG is modestly higher (+0.35%) while key peers NEWP, ASM, MTA and MUX show declines between -4.11% and -6.04%, indicating a stock-specific reaction rather than a sector-wide move.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Mar 30 | Incentive awards granted | Neutral | +0.4% | Annual stock options, RSUs and DSUs granted under equity incentive plan. |
| Mar 24 | Earnings and guidance | Positive | +0.0% | Reported strong 2025 Florida Canyon production, revenue and record adjusted earnings. |
| Mar 16 | GDXJ ETF inclusion | Positive | -2.1% | Announced addition to VanEck Junior Gold Miners ETF to enhance visibility and liquidity. |
| Mar 12 | Board appointment | Positive | -7.5% | Added veteran mining executive Chantal Lavoie to board for project execution depth. |
| Mar 02 | VP project development | Positive | -8.3% | Hired Scott Guay to lead project development and advance DeLamar toward construction. |
Recent corporate and operational updates have often seen muted or negative price reactions, even when strategically positive.
Over the past six weeks, Integra reported multiple milestones: inclusion in the GDXJ ETF on March 20, 2026, record 2025 revenue of $243.9M and adjusted earnings of $47.3M, and several senior leadership additions to support Florida Canyon and DeLamar. It also granted new equity incentives totaling over 1.3M options. Despite these developments, share reactions skewed negative or flat, suggesting investors have been cautious on execution and growth messaging. Today’s large 2026 drill program fits this ongoing build-out of a growth platform.
Market Pulse Summary
This announcement outlines a major 50,000-meter 2026 drilling program, including 42,500 meters at Florida Canyon, 5,500 meters at Nevada North, and 2,500 meters at DeLamar. It targets resource growth, mine-life extension and engineering data across a platform of over 10 million ounces of gold-equivalent. In light of recent earnings strength and project advances, investors may watch for assay results from summer 2026 onward and progress toward the Nevada North pre-feasibility study.
Key Terms
heap leach technical
pre-feasibility study technical
metallurgical technical
geotechnical technical
geophysical technical
geochemical technical
hydrogeological technical
artificial intelligence-assisted technical
AI-generated analysis. Not financial advice.
TSXV: ITR; NYSE American: ITRG
www.integraresources.com
Highlights:
- 42,500 meters of drilling planned at the gold producing Florida Canyon Mine (the "Florida Canyon Mine" or "Florida Canyon"), focused on near-mine oxide gold targets and the nearby past-producing Standard Mine area.
- 5,500 meters of development and resource conversion drilling planned at the Nevada North Project (Wildcat Deposit), supporting a future pre-feasibility study and resource growth.
- 2,500 meters of advanced engineering drilling at the DeLamar Gold-Silver Project (the "DeLamar Project" or "DeLamar") to support future development of one of the largest and most advanced undeveloped heap leach gold-silver projects in the Great Basin.
- The 2026 Drilling Program is designed to expand mineral resources, extend mine life, and unlock additional value across Integra's portfolio.
- Initial drill results are expected in summer 2026 and will continue throughout the year.
The 2026 Drilling Program marks an important investment in Integra's evolution as both a gold producer and an exploration-driven growth company, with drilling designed to expand mineral resources, extend mine life, and collect key engineering, metallurgical, and hydrogeological data to support future mine development.
George Salamis, President, CEO and Director of Integra commented: "The launch of our 2026 Drilling Program marks an exciting moment for Integra and its shareholders as we return to the drill bit in a meaningful way, to focus on resource growth and potential discoveries. This is high-return, infrastructure-led drilling. Much of the drilling will be focused on targets located near existing mining infrastructure, where success can be rapidly converted into production. With Florida Canyon now generating strong cash flow, we are reinvesting into high-impact drilling across our portfolio. This program is designed to deliver near-term resource growth, extend mine life, and unlock additional value from infrastructure already in place. We see meaningful upside at Florida Canyon in particular, where exploration success can translate directly into production and cash flow.
With strong gold prices and extensive mining infrastructure already in place, exploration success has the potential to translate directly into additional resources, extended mine life, shared synergies between assets and long-term value creation for our shareholders."
Overview
The 2026 Drilling Program will focus on three cornerstone gold assets within Integra's portfolio:
- Florida Canyon Mine,
Nevada – near-mine and regional exploration targeting oxide gold opportunities surrounding existing infrastructure, in addition to targeting and defining low grade stockpiled rock. - Nevada North Project (Wildcat Deposit),
Nevada – exploration, development and resource conversion drilling to support the upcoming pre-feasibility study. - DeLamar Project,
Idaho – advanced engineering-focused drilling in preparation for future mine development.
The 2026 Drilling Program represents the next phase in Integra's multi-year strategy aimed at unlocking additional value across its portfolio of gold-silver assets in the Great Basin.
Nevada Exploration Programs
Florida Canyon Mine
The 2026 Drilling Program at Florida Canyon consists of approximately 42,500 meters of reverse circulation ("RC") and core drilling. Exploration activities include 9,000 meters focused on testing new gold targets identified around the Florida Canyon and Standard Mine areas (collectively, the "Florida Canyon Property") and 33,500 meters focused on resource development at the Florida Canyon Mine Property.
Drilling has already commenced and is expected to conclude in Q4 2026, with initial results anticipated during the summer of 2026. Portions of the program will also support the updated Florida Canyon feasibility study and 43-101 technical report, expected to be completed in the third quarter of 2026. Exploration activities will focus on three key opportunities across the Florida Canyon Property.
Opportunity 1: Underexplored Extensions of Florida Canyon Gold Mineralization (2,300 meters)
Analysis of historical data and exploration work completed in 2025 identified several areas within the current Florida Canyon Mine Plan of Operations with significant exploration upside. These targets have the potential to provide near-term oxide gold ounces that could be processed using existing heap leach infrastructure.
Key objectives include:
- Testing the Radio Tower South area, where sparse historical drilling intersected favorable near-surface oxide gold mineralization close to existing processing infrastructure.
- Testing for undiscovered gold mineralization along the range-front fault, a structural feature known to locally control gold mineralization within active pits at Florida Canyon.
- Expanding gold mineralization south of current mining operations.
Figure 1 – Florida Canyon Mine Property:
https://wp-integraresources-2024.s3.ca-central-1.amazonaws.com/media/2026/04/FCM-Fig-1-Plan-Figure-2026-04-01.pdf
Opportunity 2: Standard Mine Area Targets (6,000 meters)
Exploration drilling in the past-producing Standard Mine area, located 6 kilometers ("km") south of Florida Canyon, will target large volumes of historical gold-mineralized backfill and low-grade gold mineralized waste material that were previously considered below the mining cut-off grade in a significantly lower gold price environment over a decade ago. These areas represent a near-term opportunity to increase mineral resources in proximity to existing mining and processing infrastructure.
Key objectives include:
- Evaluating gold grades and continuity within historical backfilled pits and gold mineralized waste material.
- Collecting material for metallurgical testing.
- Identifying potential heap-leachable material that may not require blasting, improving operational flexibility.
A similar exploration strategy was successfully applied at the Company's DeLamar Project in
In addition to historical backfill targets, drilling will also test in-situ exploration gold targets in the Standard Mine area identified through historical drilling and surface geochemistry.
Key objectives include:
- Follow-up drilling at the High Standard target, situated 0.5 km east of the Standard Mine area, where historical drilling suggests favorable near-surface gold grades.
- Testing a large surface geochemical gold anomaly east of previous mining operations, identified through geologic mapping and geochemical sampling.
Successful exploration results in these zones have the potential to meaningfully increase future mineral resources and reserves at the Florida Canyon Property.
Figure 2 –Exploration Targets at Florida Canyon and Standard Properties with Soil Gold Geochemistry:
https://wp-integraresources-2024.s3.ca-central-1.amazonaws.com/media/2026/04/FCM-Fig-2-Soil-Geochem-2026-04-01.pdf
Opportunity 3: Greenfield Exploration Targets (1,100 meters)
Historical data compilation, geochemical sampling, geophysical surveys, geological mapping, and VRIFY artificial intelligence-assisted ("AI") targeting completed in 2025 generated several previously undrilled exploration targets across the Florida Canyon Property. Initial drilling of select targets is planned for 2026, pending permit approval.
Key objectives include:
- Testing priority greenfield targets, a number aided by data generated by VRIFY AI, that may represent new zones of gold mineralization in proximity to Florida Canyon infrastructure.
- Collecting additional geochemical and geophysical data to support future exploration targeting.
Exploration drilling outside of current mine operations has been limited in recent years under previous ownership and lower gold prices. Based on available data, several targets across the property have little or no historical drilling, presenting compelling exploration opportunities.
Figure 3 – Florida Canyon Mine VRIFY AI Generated Greenfield Exploration Targets:
https://wp-integraresources-2024.s3.ca-central-1.amazonaws.com/media/2026/04/FCM-Fig-3-Targets-2026-04-01.pdf
Nevada North Project – Wildcat Deposit
Upon approval of the Exploration Plan of Operations, expected in Q2 2026, the Company anticipates commencing drilling at the Wildcat Deposit within the Nevada North Project.
The planned program includes:
- Approximately 500 meters of core drilling for metallurgical, geotechnical and geochemical testing.
- Approximately 5,000 meters of resource conversion drilling, to support the pre-feasibility study.
- Additional exploration drilling targeting extensions of known gold mineralization and regional exploration targets identified using VRIFY AI.
Data collected from drilling in 2026 is expected to support a planned pre-feasibility study targeted for completion in early 2027.
Figure 4 – Wildcat Property Location Map:
https://wp-integraresources-2024.s3.ca-central-1.amazonaws.com/media/2026/04/FCM-Fig-4-FCM-WC-Property-Locations-2026-04-01.pdf
Idaho Exploration Program
DeLamar Project
Drilling at the DeLamar Project during the 2026 field season will focus on advanced engineering work in preparation for future project development. The program is expected to include approximately 2,500 meters of drilling dedicated to collecting metallurgical and geotechnical data required for detailed engineering of the DeLamar Project in preparation for construction, once all applicable federal, state and local permits are obtained.
2026 Drilling Program Timing
The exploration drilling program at Florida Canyon is expected to continue through Q4 2026, with initial results anticipated during summer 2026. Drilling at Nevada North (Wildcat Deposit) is scheduled to commence late Q2 2026 and will be completed by Q4 2026. Drilling at DeLamar is scheduled to commence in Q2 of this year and will be completed by Q4 2026.
The 2026 Drilling Program forms an important component of Integra's broader strategy of maximizing value from its portfolio of high-quality assets through disciplined capital allocation, operational excellence, and targeted exploration.
Building a Growth-Oriented Great Basin Gold Platform
With the acquisition of the Florida Canyon Mine, Integra successfully transitioned into a gold producer while maintaining a strong pipeline of development and exploration assets across the Great Basin, totaling over 10 million ounces of gold-equivalent in this premier mining jurisdiction.
The 2026 Drilling Program represents a renewed focus on unlocking exploration upside across the Company's portfolio, while continuing to generate cash flow from operations. By advancing development at DeLamar, progressing technical work at Nevada North, and identifying additional mineralization at Florida Canyon, Integra aims to grow production, expand resources, extend mine life and de-risk projects across its portfolio of high-quality heap leach assets in
About Integra
Integra is a growing precious metals producer in the Great Basin of the western
ON BEHALF OF THE BOARD OF DIRECTORS
George Salamis
President, CEO and Director
CONTACT INFORMATION
Corporate Inquiries: ir@integraresources.com
Company website: www.integraresources.com
Office phone: 1 (604) 416-0576
Qualified Person
The scientific and technical information contained in this news release has been reviewed and approved by Michael J. Murenbeeld, American Institute of Professional Geologists ("AIPG") CPG-12233, Integra's Manager Geology and Exploration. Mr. Murenbeeld is a "qualified person" as defined in National Instrument 43- 101 – Standards of Disclosure for Mineral Projects ("NI 43-101").
Forward Looking Statements
Certain information set forth in this news release contains "forward-looking statements" and "forward-looking information" (collectively, "forward-looking statements") within the meaning of applicable Canadian and
Forward-looking statements are based on a number of factors and assumptions made by management and considered reasonable at the time such statement was made. Assumptions and factors include: the Company's abilities to complete its planned exploration and development programs; the absence of adverse conditions at the Company's projects; no unforeseen operational delays; no material delays in obtaining necessary permits; results of independent engineer technical reviews; the possibility of cost overruns and unanticipated costs and expenses; the price of gold remaining at levels that continue to render the Company's projects economic, as applicable; the Company's ability to continue raising necessary capital to finance operations; and the ability to realize on the mineral resource and reserve estimates. Forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to: general business, economic and competitive uncertainties; the actual results of current and future exploration activities; conclusions of economic evaluations; meeting various expected cost estimates; changes in project parameters and/or economic assessments as plans continue to be refined; future prices of metals; possible variations of mineral grade or recovery rates; the risk that actual costs may exceed estimated costs; geological, mining and exploration technical problems; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing; risks related to local communities; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); title to properties; and other factors beyond the Company's control and as well as those factors included herein and elsewhere in the Company's disclosure. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in the forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. This list in not exhaustive of the factors that may affect any of the Company's forward-looking statements. Although the Company believes its expectations are based on reasonable assumptions and have attempted to identify important factors that could cause actions, events or results to differ materially from those described in the forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Readers are advised to study and consider risk factors disclosed in the Company's Annual Information Form dated March 24, 2026 for the fiscal year ended December 31, 2025, which is available on the SEDAR+ issuer profile for the Company at www.sedarplus.ca and on the EDGAR issuer profile for the Company at www.sec.gov.
Investors are cautioned not to put undue reliance on forward-looking statements. The forward-looking statements contained herein are made as of the date of this news release and, accordingly, are subject to change after such date. The Company disclaims any intent or obligation to update publicly or otherwise revise any forward-looking statements or the foregoing list of assumptions or factors, whether as a result of new information, future events or otherwise, except in accordance with applicable securities laws. Investors are urged to read the Company's filings with Canadian securities regulatory agencies, which can be viewed online under the Company's profile on SEDAR+ at www.sedarplus.ca.
Cautionary Note for U.S. Investors Concerning Mineral Resources and Reserves
NI 43-101 is a rule of the Canadian Securities Administrators which establishes standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects. Technical disclosure contained in this news release has been prepared in accordance with NI 43-101 and the Canadian Institute of Mining, Metallurgy and Petroleum Classification System. These standards differ from the requirements of the
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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SOURCE Integra Resources Corp.