Integra Resources Reveals Promising Gold Drill Results at Florida Canyon
Integra Resources Reveals Promising Gold Drill Results at Florida Canyon
Integra Resources Corp., listed on the TSXV and NYSE American, has announced exciting updates regarding its 2025 growth drilling program at its flagship asset, the Florida Canyon Mine in Nevada. This initiative signals the beginning of a multi-year strategy to advance mineral resources and reserves while optimizing the asset's value. The company has completed about 13,000 meters of drilling out of a total of 16,000 meters planned. Here’s what the initial drill results reveal.
Key Opportunities Identified
Opportunity 1: Exploiting Historical Dump Material
The drilling program has uncovered significant near-surface oxide potential from historical dump material previously deemed uneconomic due to lower gold prices. However, current drilling targets have shown that these areas could be lucrative, with initial results from the South Mine Dump confirming promising intervals of oxide gold mineralization. The standout intercepts include:
- - FCM25-0646: 0.21 grams per tonne (g/t) Au over 73.2 meters
- - FCM25-0652: 0.20 g/t Au over 68.6 meters
- - FCM25-0647: 0.20 g/t Au over 53.3 meters
Approximately 70% of the drill intercepts surpassed the mine's current cut-off grade of 0.11 g/t Au, showcasing the viability of utilizing these dumps. Preliminary volume estimates suggest:
- - North Dump: Potential of 19 to 32 million tonnes with a grade range of 0.11 to 0.25 g/t Au
- - South Dump: Potential of 15 to 24 million tonnes with similar grade ranges
- - Combined Potential: 34 to 56 million tonnes of mineralized material at the same grades
Opportunity 2: Expanding In-Situ Resources
The second primary focus lies in drilling areas between current open pits, often referred to as
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