Overview

Florida Mountain will be a major focus of the Company’s exploration program in 2020. This is in large part to the discovery of a large high-intensity 1,400 m x 600 m gold-silver soil anomaly immediately east of the resource at Florida Mountain. This geochemical anomaly is approximately the same size as the resource envelope at Florida Mountain and has the potential to add near surface, oxide and transitional mineralized material amenable to heap leaching.This anomaly was revealed during 2019 soil geochemical work. The geochemical anomaly also suggests the potential for a high-grade vein structure within this anomalous zone. The historic drill results above do suggest a high-grade component within the anomaly. Like War Eagle, the higher-grade shoots within Florida Mountain are interpreted as having developed on the intersection of these north-south structures with subsidiary east-west striking faults. An IP / Resistivity survey was completed at Florida Mountain and is expected that this survey will help in the delineation of both the primary north-south structures and the east-west cross-structures.

To view the anomaly, click here.

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The Florida Mountain Project is located 8.5 kilometers away from the Company’s DeLamar Project in southern Idaho. The two projects are connected by an all-weather haul road that was used historically by Kinross to transport mineralized material from Florida Mountain to DeLamar. Historical underground mining at Florida Mountain from the 1830s to 1910s produced a total of 133,000 ounces gold and 15.4 million ounces of silver. Modern open pit mining was conducted by Kinross Gold in the 1990s and produced an additional 124,500 ounces of gold and 2.6 million ounces of silver.

The open pit was closed in 1998 due low metal prices and the Florida Mountain Project, as an extension of the DeLamar Project, was placed on care and maintenance. The site of the open pit mine has been fully reclaimed and no drilling has been conducted on the property since the mine’s closure1.

The Florida Mountain project hosts a significant drill database consisting of over 1,050 drill holes. The majority of this historic drilling was completed by Kinross Gold and NERCO Minerals to define an deposit amenable to open pit mining.

Integra acquired the Florida Mountain Project in January 2018. The Florida Mountain property is free of all royaltes and other types of financial encumbrances.

1. NI 43-101 Technical Report and Preliminary Economic Assessment for the DeLamar and Florida Mountain Gold – Silver Project, Owyhee County, Idaho, USA. Dated October 22, 2019.