Integra Resources Corp ITRG

Positive Approval to Proceed with Underground Development

[Betteryear2]

• Integra received positive approval from the United States Department of the Interior Bureau of Land Management (“BLM”) through an Environmental Assessment (“EA”) authorizing an underground development and exploration drill program to be conducted at the Company’s discretion, further underscoring interest to support responsible mineral development at the DeLamar Project
   
• Drill result highlights from Florida Mountain include:
  • FME-21-130
    • 1.79 grams per tonne (“g/t”) gold (“Au”) and 45.17 g/t silver (“Ag”) (2.37 g/t gold equivalent (“AuEq”)) over 90.98 meters (“m”)
      • Including 0.15 g/t Au and 155.52 g/t Ag (2.16 g/t AuEq) over 6.25 m
      • Including 9.32 g/t Au and 174.41 g/t Ag (11.57 g/t AuEq) over 12.65 m
      • Including 1.86 g/t Au and 18.84 g/t Ag (2.10 g/t AuEq) over 15.55 m
         
  • FME-21-134
    • 1.65 g/t Au and 14.24 Ag (1.83 g/t AuEq) over 97.54 m
      • Including 0.40 g/t Au and 57.88 g/t Ag (1.14 g/t AuEq) over 7.01 m
      • Including 6.66 g/t Au and 21.11 g/t Ag (6.93 g/t AuEq) over 21.64 m
      • Including 74.90 g/t Au and 175.00 g/t Ag (77.15 g/t AuEq) over 1.52 m
         
  • FME-21-135
    • 2.81 g/t Au and 444.00 g/t Ag (8.52 g/t AuEq) over 1.83 m

• FME-21-136
  • 1.07 g/t Au and 174.11 g/t Ag (3.31 g/t AuEq) over 10.97 m
    • Including 2.91 g/t Au and 445.19 g/t Ag (8.64 g/t AuEq) over 2.59 m

• As discussed in the Company’s recent Pre-feasibility Study (“PFS”) news release dated February 9, 2022, and subject to future studies and drilling, the Company’s 110 high grade intercepts largely from outside the Florida Mountain resource envelope, could positively impact the already robust economics of the Project
   
• To view a video of President and CEO George Salamis discussing the drill results, click on the following link: https://www.youtube.com/watch?v=F8QV8q0_6G4

VANCOUVER, British Columbia, Feb. 24, 2022 (GLOBE NEWSWIRE) -- Integra Resources Corp. (“Integra” or the “Company”) (TSX-V: ITR; NYSE American: ITRG) announces drill results from the 2021 Florida Mountain drill program at the DeLamar Project (“DeLamar” or the “Project”) which continue to demonstrate the potential for a high-grade resource below the existing Florida Mountain Deposit. In addition, the Company is pleased to announce that it has received approval from the BLM authorizing an underground development and exploration drill program at Florida Mountain. This underground development and exploration drill program could begin at the Company’s discretion, subject to further on-going studies, and would allow for more efficient delineation of high-grade resources below the Florida Mountain resource envelope.

Integra Receives Positive Approval to Proceed with Underground Development and Exploration Drill Program at Florida Mountain; Intersects 2.37 g/t AuEq Over 90.98 m, Including 11.57 g/t AuEq Over 12.65 m, and 1.83 g/t AuEq Over 97.54 m, Including 77.15 g/t AuEq Over 1.52 m

[andre171]

2.37 g AuEq on 91 m and 1.83 on 97 m, that seems fine to me!

[deepthinker63]

Too bad not in PFS.  Had the IRR at $1800 been 35-40% instead of 32%, stock would likely not have collapsed.