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.
Mine Development Associates (“MDA”) based in Reno, Nevada, has been engaged to conduct a NI 43-101 resource estimate on the Florida Mountain Project. The resource estimate will be released in the coming months and will provide recommendations for future field work and drilling.
Integra acquired the Florida Mountain Project from in January 2018 for USD $1.6 million. The 440 acres of patented mining claims is free of all royaltes and other types of financial encumbrances.
1. NI 43-101 Technical Report and Estimated Gold – Silver Resources, DeLamar Project, Integra Resources Corp. Effective Date October 1, 2017.