Integra Resources - Integra Gold 2.0...? (Seite 9)

[KMST]

Integra Resources – Interview with CEO George Salamis

The team of the ‘old’ Integra Gold (ICG.V) must have thought a one month holiday was long enough as surprisingly, all pieces of the puzzle started falling into place to hit the ground running. Integra Resources (ITR.V) was born, and its flagship gold asset is located in Idaho. We had a long conversation with CEO George Salamis about the completion of the deal, the recent capital raise and the plans to move the DeLamar asset to the next level.

https://www.caesarsreport.com/reports/integra-resources-inte…

[Popeye82]

Antwort auf Beitrag Nr.: 56.197.491 von KMST am 16.11.17 11:44:06

also ich prognostiziere Nix,
aber denke Sie Könntens "eventuell schon schaffen".

[KMST]

Filing
Date Transaction
Date Insider Name Ownership
Type Securities Nature of transaction Volume or Value Price
Nov 27/17 Nov 24/17 De Jong, Stephen Edward Direct Ownership Common Shares 10 - Acquisition in the public market 3,400 $1.04
Nov 27/17 Nov 24/17 De Jong, Stephen Edward Direct Ownership Common Shares 10 - Acquisition in the public market 4,100 $1.05
Nov 27/17 Nov 24/17 De Jong, Stephen Edward Direct Ownership Common Shares 10 - Acquisition in the public market 5,000 $1.00
Nov 23/17 Nov 22/17 Salamis, George Control or Direction Common Shares [Amended Filing] 10 - Acquisition in the public market 15,000 $1.02
Nov 21/17 Nov 21/17 De Jong, Stephen Edward Direct Ownership Common Shares 10 - Acquisition in the public market 5,000 $1.05
Nov 21/17 Nov 21/17 De Jong, Stephen Edward Direct Ownership Common Shares 10 - Acquisition in the public market 1,100 $1.04
Nov 21/17 Nov 21/17 De Jong, Stephen Edward Direct Ownership Common Shares 10 - Acquisition in the public market 26,400 $1.03

[KMST]

Wieder sehr aggressives Programm initiiert vergleichbar damals mit dem Lamaque Projekt von Integra Gold. Es wird keine Zeit verschenkt aber auch kein Geld gespart


Integra Resources Outlines $10 Million Exploration Program to Be Completed in 2018

TORONTO, ON--(Marketwired - November 28, 2017) - Integra Resources Corp. (TSX VENTURE: ITR) (the "Company" or "Integra") is pleased to announce plans for the 2018 exploration program on its 100%-owned DeLamar Gold-Silver Project ("DeLamar", or the "Project") situated on the north end of the Northern-Nevada Rift in southwestern Idaho. The $10 million program includes approximately 20,000 m of drilling, and signifies the first of many steps Integra will undergo to advance its brownfields exploration project and enhance shareholder value. The primary objective of the 2018 drill program is to test the down-dip and on-strike extensions to the historic high-grade veins, mined between 1889 and 1914. Historic records report that these veins produced approximately 700,000 ounces of gold and 50 million ounces of silver at a cut-off of plus 15 g/t Au. Many of the proposed drill holes will pass through the near-surface lower-grade mineralization which was not mined by NERCO-Kinross in the 1977-1999 open pit operation, as it closed due to low gold and silver prices, leaving a substantial resource at DeLamar, (to view the Oct 10, 2017 news release re: maiden 43-101 resource estimate on DeLamar, click on this link: http://integraresources.com/17-10-10-NR.pdf ). The drilling through this lower-grade, near-surface material will provide both confirmation of previous drilling to be used to upgrade the existing resource, as well as providing material for additional metallurgical test work, adding to the prior metallurgical studies and production data from the NERCO and Kinross era of mining.

Key Exploration Program Highlights and Objectives

Aggressive Drill Program, the first in over 25 years: Over 20,000 meters of drilling, consisting of 18,000 meters of reverse circulation ("RC") and 2,000 meters of diamond drilling, is planned for 2018. Drilling will target both potentially-bulk-mineable low-grade gold-silver mineralization as well as historically mined high grade gold-silver mineralization located beneath the low-grade cap.

Metallurgical Test-work: Bench-scale metallurgical test work designed to further support Management's views that unoxidized to partially-oxidized lower-grade near-surface mineralization is potentially amenable to milling and lower cost heap-leaching in the case of lower-grade mineralized material. In addition, bench-scale gravity, flotation and leaching test work will be undertaken on any higher-grade intercepts resulting from the targeting of deeper high-grade veins which were mined historically.

Geophysical Surveys: An Induced Polarization ("IP") / Resistivity survey was completed last week at DeLamar, designed to detect the structures and the clay-pyrite alteration halos surrounding the depth extensions to the higher-grade vein zones which were mined underground between 1889 and 1914. The IP / Resistivity survey is also expected to highlight potential areas of near-surface lower-grade mineralization which would have not already been delineated by shallow, past production focussed drilling.

Field Reconnaissance Sampling, Mapping and Prospect Evaluation Program: Field reconnaissance, to be conducted during the summer of 2018, will evaluate and generate drill targets on known areas of gold-silver mineralization, many of which were identified in the 1970's and remain only partially tested.

Modern Technology Approach to Targeting: Integra is currently commissioning a 3rd party study, conducted by Goldspot Discoveries Inc, employing the latest in machine learning/algorithm driven approaches to exploration target identification, using the extensive exploration database that exists from a long history of mining and exploration in the district. The influence of the IP/Resistivity and LIDAR surveys currently being completed at DeLamar, in addition to the updating of the digital drill hole database that was used in recent resource modeling, is anticipated to add additional fidelity to this data set.

Resource Estimation: Resource estimate updates are expected for the end of 2018, following the completion of drilling and re-interpretation of the geological and structural controls on mineralization at DeLamar and Florida Mountain.

Preliminary Economic Assessment ("PEA"): A PEA study covering DeLamar will be designed to look at the future development options, and will include a selective mining and milling scenario where the higher-grade core zones would be milled in a conventional milling complex, and the surrounding lower-grade halo material would be treated by heap-leaching. Subject to the delineation of high-grade resources beneath the open pits in zones where high grade veins were previously mined between 1889 and 1914, a component of high grade underground mining could potentially be added as an option to the study. This study is expected to be conducted in 2019, subject to the findings of the exploration program.

George Salamis, President and CEO of Integra, commented, "the DeLamar and Florida Mountain areas form a district-scale exploration target hosting the optionality of low grade and high-grade gold-silver mineralization. With this exploration program we are excited to begin pushing and testing the limits of the gold and silver systems that attracted us to acquire this project. Our goal is to aggressively advance and de-risk the project, delivering shareholders a steady news flow that will combine a balance of expanding existing resources, testing known shallow and deeper high-grade targets outside of the resource boundaries, and defining the new exploration targets that will be tested in years to come. We are excited by the prospects and potential outcomes for the coming year."

E. Max Baker, Integra's Vice President of Exploration, stated, "this aggressive 2018 exploration program seeks to follow up on known open extensions of near-surface gold mineralization identified in the recent 43-101 resource estimate, as well as target deeper zones, testing the grade and extents of the high-grade gold-silver veins which were mined over a hundred years ago. These high-grade veins have never been subject to a modern exploration program, and the numerous relatively narrow high-grade intercepts encountered in the shallow drilling lead us to be very optimistic. In testing the deeper high-grade potential, we will continue to characterize and expand our database on the overlying oxide and transitional gold-silver resources. The extensive field reconnaissance work planned for the outlying areas of DeLamar will begin to provide great context and insight for these areas with limited shallow historic drilling and untested depth potential. With this well-funded, aggressive exploration program now in place, we believe Integra to be on course to increase the already healthy resource base of the Project."

Drilling

In the 43-101 Resource Estimate published by Integra in October 2017, Mine Development Associates ("MDA") stated, "exploration potential for additional bulk-tonnage mineralization on the DeLamar project is significant. Essentially all of the modeled mineralization is open at depth, and, considering the shallow extents of a high percentage of the historical holes, the ability to expand mineralization that is potentially minable by open-pit methods exists. While it is likely that deeper drilling will encounter a higher proportion of mixed oxidized/unoxidized and unoxidized mineralization than was produced to-date, historical records indicate that some of these materials were mined and processed in the past."

With respect to the potential for high-grade gold on the project, MDA reported "in addition to the bulk-tonnage potential, there is also excellent potential for the discovery of high-grade vein-type mineralization similar to that mined in the late 19th and early 20th centuries. The historic mining, including the open-pit operations, exploited high-grade veins in the Sommercamp and North DeLamar areas over a strike length of less than 500 meters of a 2.9 kilometer long zone of continuously mineralized northwest striking zone of modeled mineralization. While it is very unlikely that the entire mineralized footprint is underlain by high-grade veins, and it is possible that no additional high-grade mineralization exists that could potentially be mined by underground methods, the potential for such additional mineralization is real and warrants serious evaluation."

In keeping with a two-pronged exploration approach aimed at both high grade and low-grade gold-silver on the project, Integra plans to begin drilling in Q1 of 2018 with an initial 4,000 meter RC program. This initial program is designed primarily to test the deeper, potentially higher-grade extensions of the currently defined limits to the Ohio and Sullivan Gulch Areas along the southeast margin of the DeLamar mineralized system. It is within these areas where some of the very highest grades of gold and silver were intercepted in very limited past drilling conducted by Kinross. Several holes will also test under the Sommercamp and DeLamar open-pits to investigate the nature of the preliminary IP anomaly located under these pits, and test the potential for underlying high-grade veins in relation to this anomaly. As the first drilling on site in over 20 years, the initial 4000 meter program will give Integra's technical staff the opportunity to implement logging, interpretation and QA/QC systems before embarking on the ensuing 16,000+ meter drilling program expected to commence in late May 2018. The second program will aim to continue characterizing high-grade vein mineralisation, while continuing to quantify the extents of the near surface lower-grade mineralization and define metallurgical characteristics of the zones.

Metallurgical Test Work

As outlined in the recent 43-101 Technical Report, MDA states, "it is possible that some portion of the current resources (at DeLamar), perhaps a large portion, could be amenable to heap-leach processing. The historic open-pit processing facilities at DeLamar were originally constructed prior to the advent of commercial heap-leach operations in the United States."

Based on historic production numbers (NERCO and Kinross, 1977 to 1999) along with an abundance of previous bench-scale metallurgical testing conducted on the deposit, management wishes to test the hypothesis that typical mixed oxide-sulfide ore at DeLamar could present conventional milling recoveries of better than 80% Au and 70% Ag, while +2-inch crush low-grade heap-leach recoveries could be+75% Au and +30% Ag, as documented in the recent 43-101 report. This metallurgical test-work is expected to be carried out on selected intervals of RC chips and diamond drill core in Q4 2018 and will be designed to quantify the likely recoveries for both processes and demonstrate variations in recoveries between various ore types and degrees of oxidation.

This test-work will then form the basis for the metallurgical input into a PEA study expected to be conducted in 2019. This PEA study will look at various mining and processing options relative to the resources defined at DeLamar.

Geophysical Surveys and LIDAR

A six-line IP/Resistivity survey (totalling 18km) was completed last week. The survey is designed to assist with better defining the structure which appears to control the mineralization along the eastern margin of the rhyolite filled vent complex which hosts the DeLamar gold-silver mineralization. The mineralization in the upper levels is clearly associated with a broad clay-pyrite alteration halo, and it is intended that the IP response from this alteration at depth, along with resistivity breaks which may delineate coincident structures, will enable us to refine our drilling to more effectively test the deeper high-grade vein zones which were partially mined between 1889 and 1914.

A LIDAR and digital photography survey covering the DeLamar, Florida Mountain and surrounding areas with a survey resolution of 5 cm. was flown in early November to provide a detailed topographic base for ongoing exploration. An initial review of the data shows that the northwest structures that control the mineralization in both areas is well delineated, and it is thus anticipated that the high-resolution Digital Terrain Model will prove useful in delineating potentially mineralized structures outside of the existing resource areas.

Field Reconnaissance

Outside of the main DeLamar zones, limited shallow drilling was carried out by previous owners in the last 30 years on a number of prospects which the Company considers warrant further exploration. A considerable amount of field mapping, sampling and reviewing of historic data will be undertaken in 2018 to advance these zones to a drill ready-status.

New Technology in Exploration Targeting

Integra is commissioning Toronto, Canada based Goldspot Discoveries Inc ("Goldspot") to conduct a study on DeLamar designed to optimize targeting on the extensive historical database of information present by employing the latest in machine learning and algorithm driven approaches. As part of the process, Goldspot will incorporate all the digital resource data used to support the recent DeLamar resource estimate, together with other large, recently generated digital datasets (IP resistivity, LIDAR surveys, aeromagnetic surveys, surface geochemical sampling, etc) and will then employ machine learning to identify areas of high prospectivity for new ore deposits using an interdisciplinary approach. The technical team that formed the basis for Goldspot (Team "Data Miners"), were presented as one of the top new ideas during Integra Gold's GoldRush Challenge in March 2016. The Goldspot team then went on to become a finalist in Goldcorp and Integra's #DISRUPTMINING event held in early 2017.

Resource Estimation Updates & PEA Studies

Over the course of 2018, Integra intends to continue methodically validating all existing historic drill data to the extent that it can be used in conjunction with the new 2018 drill data to be used in a revised resource estimate for DeLamar, scheduled for completion towards the end of Q4 2018. The outcomes of the proposed drill program will provide insight for the potential inclusion of deeper and narrower higher-grade gold-silver vein mineralization in the updated resource estimate.

Encompassing the findings of the proposed 2018 drilling, resource estimation updates, and metallurgical test work, Integra anticipates to initiate a PEA study in the first half of 2019. The study will evaluate several development options on selective mining and milling scenarios where higher-grade core zones are potentially processed in a conventional mill, and surrounding lower-grade halo material is potentially treated by heap-leaching. Subject to the findings of exploration conducted in 2018 on the deeper high-grade gold-silver veins, a high-grade option study may also form part of the PEA focus.

[KMST]

Antwort auf Beitrag Nr.: 56.260.793 von Popeye82 am 23.11.17 19:48:43

grade ist king...aber einfache geologie, geringes strip ratio, gute heap leach recovery, gravity oder cil circuit hat auch alles seine vorteile

wird man erstmal nur bewerten können sobald hier was dazu im winter los geht. generell finde ich aber projekte die schon mal liefen und kurz vor der jahrtausendwende wegen des dicksten bärenmarkt der geschichte schließen mussten sehr vielversprechend.
bisl neumodische exploration und miningmethoden wirken bei solchen projekten oft wunder

[Popeye82]

Antwort auf Beitrag Nr.: 56.256.617 von KMST am 23.11.17 13:27:21

persönliche Frage:

für Wie wichtig hältst Du eigentlich "grades"?

[Popeye82]

Antwort auf Beitrag Nr.: 56.205.027 von KMST am 17.11.17 07:23:36

dagegen will ich Nichts sagen.
weder ja noch nein.


aber das Fundament auf dem Integra (ent)stand war halt ein ganz Anderes.
daher ist Dieses "2".0 m.E. auch Sonderschrott.

[KMST]

Integra 2.0 - This Time In Idaho

When we reflect back on 2017 and recall any ‘mega’ deals in the junior mining sector a clear player stands out: Integra Gold Corp. (TSX: V.ICG, Forum) and its C$590 million acquisition by Eldorado Gold Corp. (TSX: T.ELD, Stock Forum). ICG shareholders got a 52% premium and ELD got a project in mining-friendly Quebec. To reach this momentous conclusion for Integra, the team had quite the run delivering a 6X return for shareholders in just four years. They played to their audience – the gold producer in need of increasing ounces.

During a time of very depressed commodities prices, this Company saw the forest through the trees - the producer pipeline of assets was dry and they worked to deliver assets of size and quality that those producers needed. Integra was strategically structured by management so that it could either be sold or built. And they were aggressive. They did what very few others were doing at the time: they drilled. A lot. They were different, challenging the ingrained mindsets of the past, and daring to be different in their approach to building shareholder value.


What do you think the Integra team did with a major deal behind them? They kept the executive team together and are aiming to do it all over again with Integra Resources Corp (TSX: V.ITR, Forum).

From the initial launch of this ‘Integra 2.0’ they knew what they wanted: North America. Precious metals assets. Accessible. History of production. And projects often considered ‘overlooked’ or ‘impaired’.

Well, they found it. From Kinross Gold, Integra acquired 100% of the DeLamar Gold and Silver Project, located in the heart of the historic Owyhee County mining district in south western Idaho. The DeLamar Mine closed in 1998 with precious metals prices below US$300, after producing 1.6 million ounces of gold and 100 million ounces of silver.

The DeLamar Project today incorporates roughly 5,300 acres of patented and unpatented claims, a further 4,100 acres of leased lands with approximately 1,500 drill holes and 145,000 metres of drilling outlined in historic databases, with a wealth of past mining and milling production data to draw from.

Sound familiar?

In many ways the acquisition of DeLamar asset is strikingly similar to Integra Gold’s asset acquisition of Sigma-Lamaque back in its early days:


Established production history
“Under the radar” opportunity with multiple tested targets
Robust resource potential
Excellent infrastructure and existing on-site facilities
Pro-mining jurisdiction


What has Integra communicated about the DeLamar Project? With an updated resource estimate already announced, the project exhibits significant exploration upside, remaining open at depth, with limited historical deeper drilling below 120 meters. The limited deeper drill hole data that does exist from the early 1990s shows intercepts intersecting a series of “feeder” high-grade veins, assaying up to 2 oz/t of gold or more.

There also appears to be strong metallurgical gold-silver recoveries in past production. And test work demonstrates great optionality for the potential for future development of both bulk mineable gold-silver mineralization at surface, and high grade, vein-type “feeder” mineralization at depth. Picture the low grade bulk mineable mineralization being the branches on the tree and the high grade “feeders” being its roots.

Just like the Lamaque project in Val D’Or, this asset in Idaho was mined in the past with a respectable history of production. The DeLamar Mine first operated in the 1880’s, where underground miners spent 30 years producing 733,000oz of gold and 57 million oz of silver, with average grades in the 1oz/tonne region. In the 1970’s, new owners of the site developed a near-surface resource which was bulk mined, producing a further 870,000 oz gold and 50 million oz of silver.

As displayed in the current resource estimate which Integra defined right out of the gate, these mines did not run out of ore. They were shut down due to severely depressed metal prices in the 1990’s, with gold prices sinking to below $270/oz and few mines producing economically. So, Integra has once again taken it upon themselves to de-risk the asset. And this time during what looks to be a more promising precious metals market.

Integra has laid out a plan to deliver on this project, which includes an aggressive 20,000 meter exploration program, metallurgical work and a PEA study. They are also in the final stages of negotiations to acquire patented claims in the past-producing Florida Mountain Gold and Silver Project, which borders DeLamar 5km to the east. This site also last operated in the 90’s and shut down after low metal prices, and should not be downplayed as it has strong potential to add further ounces and exploration upside on the horizon.

Integra is well-funded to execute on this plan, having recently closed an oversubscribed $27 million private placement. And, even in these early days, they appear to have strong industry support. Kinross Gold has become a 9.9% shareholder of Integra Resources, also retaining a net smelter return royalty. David Awram, co-founder of Sandstorm Gold has joined the Board of Directors and Randall Oliphant has been retained as a strategic advisor to the Board. Oliphant brings his wealth of mining knowledge amassed at the helm of Barrick Gold, New Gold and as an advisor to Newmarket Gold.

I bet that in true Integra fashion, we will see them once again try to do things a little differently. Back at Lamaque they applied artificial intelligence and machine learning to identify high value targets and help find gold. Algorithm driven big data screening capabilities have rapidly evolved since then so you can bet they will find ways to merge this approach with traditional geoscience once again. Many boots on the ground are expected in coming months to conduct geophysical surveying, drilling and assay results and field reconnaissance programs.

Integra has a robust project at DeLamar with strong growth potential. They are coming out of the gate with a sizable gold-silver resource, historic knowledge and databases, high quality low and high grade exploration targets, and an executive team proven capable of raising the funds required to develop a project. This presents an attractive, low-risk development opportunity, strengthened by a compelling value proposition and a team dedicated to generating long-term shareholder value and repeating its past successes. My bet is that Integra 2.0 is going places.

[KMST]

Antwort auf Beitrag Nr.: 56.201.289 von Popeye82 am 16.11.17 17:47:58

aber das Management, ein brownfield projekt mit 1,356,000 EqAuoz im Hinterland von Hecla und Coeur, wo die Unze mit $15 bewertet ist, bei Enterprise Value (C$M) $30 ist doch zumindest auf dem zettel erstmal interessant.

[Popeye82]

ich will nicht sagen ob Das "Was wird".
oder nicht.

aber Integra 2.0?
gaaanz klar: NEIN.

die story ist einfach Anders.