Integra Resources announces the filing of an independent Preliminary Economic Assessment, PEA, technical report for the Wildcat Project and Mountain View Project located in western Nevada. The PEA demonstrates the potential for a low-cost, high-margin, heap leach gold-silver operation with a phased development and production strategy and robust economics. The average annual production of Wildcat & Mountain View and the DeLamar Project on a combined basis is expected to exceed 200kozs of gold equivalent, demonstrating one of the largest heap leach production profiles among precious metal developers in the Great Basin. Integra’s President, CEO & Director, Jason Kosec commented: “The successful Wildcat & Mountain View PEA demonstrates two high-margin, low-cost, heap leachable gold and silver deposits with a strong combined production profile, low pre-production capex and robust economics. When combined with the DeLamar Project, Integra demonstrates the path to becoming +200koz AuEq per annum producer in the prolific Great Basin. For the remainder of the year, the team is focused on delivering two more significant milestones at DeLamar, including the updated mineral resource estimate in Q3 and the submission of the Mine Plan of Operations in Q4.”
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on ITRG:
- Integra Files Maiden Preliminary Economic Assessment Technical Report for Wildcat & Mountain View Projects
- Is ITR a Buy, Before Earnings?
- Integra Announces Additional Oxide Drill Results From Stockpile Drill Program at DeLamar, Including 0.74 g/t AuEq Over 53 M and 0.53 g/t AuEq Over 120 M
- Integra Resources price target lowered to C$2 from C$2.63 at National Bank
- Integra Announces Additional Oxide Drill Results From Stockpile Drill Program at DeLamar, Including 0.92 g/t AuEq Over 40 m And 0.52 g/t AuEq Over 111 m