Integra Resource Stock Price, News & Analysis

Integra Resources Corp. (ITRG) has completed a bought deal private placement of 35 million subscription receipts at C$0.70 each, raising gross proceeds of C$24.5 million. A concurrent non-brokered placement with Wheaton Precious Metals Corp. brought in an additional C$10.5 million from 15 million subscription receipts. The proceeds will be used for funding an updated resource estimate and Mine Plan of Operations at the DeLamar Project, along with other corporate purposes. The funds are held in escrow and will be released upon satisfying Escrow Release Conditions before the Termination Date of June 9, 2023.

Integra Resources Corp. (ITRG) announced positive drill results from its DeLamar Project in Idaho, revealing significant gold and silver grades from multiple backfill and stockpile sites. Notable findings include:

• NDM-22-039: 0.27 g/t Au and 24.60 g/t Ag over 111.25 m
• JG-23-021: 0.61 g/t Au and 9.02 g/t Ag over 19.81 m
• WD2-22-141: 0.24 g/t Au and 24.59 g/t Ag over 42.68 m including 1.02 g/t Au over 1.53 m

The results confirm the viability of approximately 60 million tonnes of stockpiled material potentially extending the heap leach mine life and enhancing Project economics. The Company anticipates completing the drill program by April 2023.

Integra Resources Corp. (ITRG) has announced encouraging results from its ongoing stockpile drill program at the DeLamar Project, located in southwestern Idaho. The program has achieved grades exceeding expectations, with significant gold and silver intercepts reported. Key findings include:

• NDM-22-037: 0.25 g/t Au and 21.38 g/t Ag over 102.11m
• IDM-22-211: 0.41 g/t Au and 75.37 g/t Ag over 66.90m

The drilling aims to extend the heap leach mine life and enhance the project’s economics, supported by positive preliminary metallurgical test work.

Integra Resources Corp. (ITRG) announced successful drill results from its DeLamar Project in Idaho, indicating significant gold and silver content in previously stockpiled mineralized material. Key findings include:

• NDM22-032: 0.31 g/t Au and 16.12 g/t Ag over 83.82 m
• NDM22-122: 0.27 g/t Au and 17.25 g/t Ag over 70.11 m

These results support the company's belief that this material could extend the mine life of its heap leach operation. Preliminary metallurgical work indicates recovery rates exceeding 70% for gold and silver.

Integra Resources Corp. (ITRG) announced promising drill results from its DeLamar Project in southwestern Idaho. Key findings from Florida Mountain include FME-21-138 with 0.59 g/t gold and 15.01 g/t silver over 108.81 meters, while results from BlackSheep reveal potential for multiple targets. The ongoing 11,000-meter drill program aims to explore oxidized and transitional gold-silver mineralization, potentially increasing resource estimates. The Company continues to emphasize the vast untapped potential of its projects, highlighting cost-effective exploration strategies.

Integra Resources Corp. (TSX-V: ITR; NYSE American: ITRG) has made significant progress on its DeLamar Project. The Company completed over 80% of baseline studies critical for the Mine Plan of Operations (MPO) filing expected in late 2023. An 11,000 m exploration drill program has started to assess low-grade gold-silver stockpiles, potentially enhancing future mining plans. Stakeholder support remains strong, with 92% backing the project's advancement, aided by a comprehensive External Stakeholder Plan. These developments aim to facilitate permitting and improve the project's economic viability.

Integra has identified around 60 million tonnes of low-grade gold-silver material at the DeLamar project, potentially suitable for heap leach processing. Previous operations yielded an average grade of 1.2 g/t gold and 75 g/t silver. The upcoming 11,000 meter drill program, beginning in mid-September, aims to verify grade and increase mine life and production rates. Historical drill results support the material’s viability, with grades expected significantly above the cut-off grade. Successful outcomes could enhance project economics considerably.

Integra Resources Corp. (TSX-V: ITR; NYSE American: ITRG) has successfully completed its overnight marketed public offering, issuing 16.67 million shares at US$0.66 per share, raising US$11 million. Additionally, the company will draw an initial advance of US$10 million from a convertible loan facility of up to US$20 million from Beedie Investments. The proceeds will support the DeLamar Project's development, including 15,000 meters of drilling and working capital. Beedie Capital now holds an 8% equity stake in Integra, aligning its interests with shareholders.