
Integra Resources Corp. (TSX-V: ITR) (NYSE: ITRG) is pleased to announce initial results from the 2025 resource growth drilling program at the Company’s primary operating asset, the Florida Canyon Mine located in Nevada. The drill program marks the first phase of a multi-year growth strategy designed to expand mineral reserves and resources, extend mine life, and enhance the value of Florida Canyon.
The 2025 growth drilling program is focused on three key areas: (1) Near-surface oxide potential from historical low-grade gold-mineralized waste material that was uneconomic at lower gold prices; (2) Expanding in-situ resources between existing mine open pits; and (3) Testing lateral extensions and in-pit infill drilling. Due to the success of initial drilling, the scope of the program has been increased from ~10,000 meters to ~16,000 m of reverse circulation and sonic drilling. At the date of this news release, ~5,700 m of RC drilling has been completed.
Highlights:
George Salamis, President, CEO and Director of Integra commented: “A key driver behind the acquisition of Florida Canyon in late 2024 was not only the cash flow that the mine could generate, but also the significant near-mine growth potential. We are very encouraged by the initial results from our 2025 drill program, particularly from the high-priority North Dump area. Broad, consistent oxide gold-mineralized intercepts confirm excellent grade continuity and underscore the potential to grow resources and extend mine life. We also see promising results from the drilling in the Inter-Pit areas, which suggest the potential for pit expansions. Based on the success of initial drilling, the Company has increased the scope of the drill program by ~6,000 meters. Pursuing low-strip, near-surface gold-mineralized material at Florida Canyon in the current gold price environment offers compelling rationale. We look forward to sharing the continued progress as drilling advances through the summer and fall.”
Key Figures
Figure 1 – Florida Canyon Mine 2025 Growth Drilling Target Areas:
Figure 2 – Historical North Mine Dump 2025 Drill Collars:
Figure 3 – Historical North Mine Dump Material Cross Section A-A’:
Figure 4 – Historical North Mine Dump Material Cross Section B-B’:
Figure 5 – Inter-Pit 2025 Drill Collars:
Figure 6 – Inter-Pit Cross Section C-C’:
Figure 7 – North-Pit Cross Section D-D’:
Opportunity 1 Drilling Overview: Near-Surface Oxide Potential from Historical Dump Material
Within the permitted Florida Canyon mine boundary there are several large volumes of historically mined low-grade gold-mineralized dump material, averaging below the historical mine cut-off grades. This gold-mineralized material, which was historically uneconomic at lower gold prices, is a product of decades of past mining and has been identified as a high-potential, low-strip, near-surface oxide gold target for growth. Potential has already been demonstrated by the historical in-pit mine dumps (historical backfill material), which are being partially utilized by current operations. The historical dump material presents an immediate opportunity to expand reserves and resources with minimal mining cost.
The North Dump was identified as a high-priority target for the 2025 growth drilling program at Florida Canyon and was therefore drilled at the outset of the program in May 2025. Initial drill results from the North Dump have been successful in demonstrating the potential for near-term oxide growth at Florida Canyon.
Top intercepts from drilling at the North Dump (see detailed table below):
Key observations and achievements of initial drilling at the North Dump:
Due to the success of the initial drilling at the North Dump, the Company has planned for additional drilling within the North Dump and South Dump, focused on resource and reserve conversion and gathering additional material for the ongoing metallurgical testing of the area to determine potential for future heap leaching. The 2025 growth drilling program has been increased by ~6,000 meters (from ~10,000 m to ~16,000 m) to include additional drilling at the North Dump and South Dump areas.
Preliminary volume and grade estimation work is underway for the North Dump and South Dump with further detail expected in the coming months. The 2025 drill program at Florida Canyon and supporting analysis is expected to support a mineral resource and reserve update and a revised life-of-mine plan in H1 2026.
Opportunity 2 Drilling Overview: Expanding In-Situ Resources Between Existing Mine Open Pits
A secondary focus of the drill program is on gold resource expansion opportunities within “saddle” and “ridge” zones located between existing open pits. Several of the Inter-Pit areas remain sparsely drilled and offer significant upside gold potential, with historical drilling demonstrating encouraging intercepts of mineralization at or near-surface. Inter-Pit areas targeted as part of the drill program include the Central/Radio Tower Pit Saddle, Florida Canyon Saddle, North Pit Saddle and within the Radio Tower Pit.
Top intercepts from the Inter-Pit areas (see detailed table below):
Key observations and achievements of initial drilling in the Inter-Pit areas:
Success within the identified Inter-Pit areas has the potential to meaningfully increase mineral resources and reserves by extending existing pit limits within the current Florida Canyon Mine Plan of Operations.
Detailed Drilling Results:
The following table highlights selected intercepts from the 2025 Florida Canyon drill program announced within this news release.
Table 1 – Detailed Drilling Results 1,2,3,4:
Drill Hole | Area | From (m) | To (m) | Interval (m) | g/t Au |
FCM25-0566 | North Dump | 0.0 | 50.3 | 50.3 | 0.19 |
FCM25-0567 | North Dump | 0.0 | 54.9 | 54.9 | 0.17 |
FCM25-0568 | North Dump | 0.0 | 59.4 | 59.4 | 0.23 |
FCM25-0569 | North Dump | 0.0 | 68.6 | 68.6 | 0.28 |
FCM25-0570 | North Dump | 0.0 | 71.6 | 71.6 | 0.36 |
FCM25-0571 | North Dump | 0.0 | 67.1 | 67.1 | 0.17 |
FCM25-0572 | North Dump | 0.0 | 57.9 | 57.9 | 0.18 |
FCM25-0573 | North Dump | 0.0 | 44.2 | 44.2 | 0.21 |
FCM25-0574 | North Dump | 0.0 | 54.9 | 54.9 | 0.19 |
FCM25-0575 | North Dump | 0.0 | 47.2 | 47.2 | 0.37 |
including | North Dump | 13.7 | 15.2 | 1.5 | 4.53 |
FCM25-0576 | North Dump | 0.0 | 45.7 | 45.7 | 0.20 |
FCM25-0577 | North Dump | 0.0 | 30.5 | 30.5 | 0.16 |
FCM25-0588 | North Pit | 24.4 | 64.0 | 39.6 | 0.47 |
including | North Pit | 32.0 | 33.5 | 1.5 | 3.05 |
including | North Pit | 59.4 | 61.0 | 1.5 | 3.85 |
FCM25-0590 | Central / Radio Tower Saddle | 45.7 | 85.3 | 39.6 | 0.45 |
FCM25-0591 | Central / Radio Tower Saddle | 0.0 | 114.3 | 114.3 | 0.27 |
FCM25-0593 | Central / Radio Tower Saddle | 0.0 | 64.0 | 64.0 | 0.16 |
FCM25-0594 | Central / Radio Tower Saddle | 54.9 | 91.4 | 36.6 | 0.16 |
FCM25-0595 | Central / Radio Tower Saddle | 38.1 | 83.8 | 45.7 | 0.16 |
FCM25-0596 | Central / Radio Tower Saddle | 25.9 | 68.6 | 42.7 | 0.22 |
FCM25-0597 | Central / Radio Tower Saddle | 53.3 | 97.6 | 44.2 | 0.35 |
including | Central / Radio Tower Saddle | 53.3 | 54.9 | 1.5 | 2.39 |
FCM25-0598 | Central / Radio Tower Saddle | 13.7 | 76.2 | 62.5 | 0.22 |
FCM25-0599 | Central / Radio Tower Saddle | 0.0 | 18.3 | 18.3 | 0.21 |
FCM25-0600 | Radio Tower | 0.0 | 73.2 | 73.2 | 0.25 |
FCM25-0602 | Central / Radio Tower Saddle | 36.6 | 73.2 | 36.6 | 0.16 |
FCM25-0603 | Central / Radio Tower Saddle | 12.2 | 30.5 | 18.3 | 0.23 |
FCM25-0603 | Central / Radio Tower Saddle | 67.1 | 68.6 | 1.5 | 2.47 |
FCM25-0604 | Central / Radio Tower Saddle | 21.3 | 57.9 | 36.6 | 0.22 |
FCM25-0605 | Central / Radio Tower Saddle | 6.1 | 99.1 | 93.0 | 0.14 |
1 | Downhole thickness is true thickness. | ||||
2 | Intervals reported are uncapped. | ||||
3 | An economical cut-off of 0.14 g/t Au within Radio Tower and 0.11 g/t Au for the rest of the mine site was considered during the creation of intersects. | ||||
4 | Some of the reported intervals within Inter-Pit areas contain sulphide content exceeding ~1%, as determined by laboratory analysis. These sulphide concentrations may impact metallurgical recoveries and are not necessarily representative of the bulk tonnage of the zone. The reported intervals include both oxide and sulphide material as encountered in drilling. Further metallurgical testing is required to accurately characterize recovery profiles. |
About Integra
Integra is a growing precious metals producer in the Great Basin of the Western United States. Integra is focused on demonstrating profitability and operational excellence at its principal operating asset, the Florida Canyon Mine, located in Nevada. In addition, Integra is committed to advancing its flagship development-stage heap leach projects: the past producing DeLamar Project located in southwestern Idaho and the Nevada North Project located in western Nevada. Integra creates sustainable value for shareholders, stakeholders, and local communities through successful mining operations, efficient project development, disciplined capital allocation, and strategic M&A, while upholding the highest industry standards for environmental, social, and governance practices.
Qualified Person
The scientific and technical information contained in this news release has been reviewed and approved by Gregory Robinson (P.E., SME Registered Member), Integra’s General Manager of the Florida Canyon Mine. Mr. Robinson is a “qualified person” as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”).
To verify the information related to the 2025 drilling programs at Florida Canyon, Mr. Robinson frequently visits the property; discussed logging, sampling, and sample shipping processes with responsible site staff; discussed and reviewed assay and QA/QC results with responsible personnel; and reviewed supporting documentation, including drill hole location and orientation and significant assay interval calculations.
Sampling and QA/QC Procedure
RC samples were collected at 5-foot intervals directly at the drill rig using pre-labeled bags. Samples were submitted to American Assay Laboratories (“AAL”) in Reno, Nevada, an ISO/IEC 17025 accredited laboratory. AAL is independent of Integra. Sample preparation involved drying, jaw crushing to >70% passing 2 mm (10 mesh) and pulverizing a 300 g split to >85% passing 75 microns.
Gold analysis was performed on a 30-gram pulp using fire assay with ICP-AES finish. Samples returning >10 ppm Au were re-assayed using a gravimetric finish. Additionally, samples with Au >0.156 ppm underwent cyanide-soluble (0.3% NaCN/0.3%NaOH using a sample to solution ratio of 1:2 or 10g/20mL) analysis and preg-robbing (0.3% NaCN/0.3%NaOH + 1.71ppm/mL Au spike using 1:2 ratio calculates to 3.42ppm in the 10g/20mL) tests to assess metallurgical characteristics. Quality control protocols included the routine insertion of blank samples, certified reference materials (standards), and field and pulp duplicates. Blank material and standards were purchased from Moment Exploration Geochemistry. AAL also inserted internal control samples and duplicates within each batch.
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