Integra Intersects 2.26 G/T AuEq Over 102 M at Sullivan

• Drill outcomes from Sullivan Gulch (situated on the japanese portion of the DeLamar Deposit) and Sommercamp-Regan at DeLamar embrace:
  • IDM-22-204 – Sullivan Gulch
    • 0.57 grams per tonne (“g/t”) gold (“Au”) and 131.29 g/t silver (“Ag”) (2.26 g/t gold equal (“AuEq”)) over 102.11 meters (“m”)
      • Together with 0.78 g/t Au and 875.25 g/t Ag (12.05 g/t AuEq) over 6.09 m
      • Together with 1.30 g/t Au and a pair of,718 g/t Ag (36.28 g/t AuEq) over 1.53 m
      • Together with 0.46 g/t Au and 176.01 g/t Ag (2.73 g/t AuEq) over 12.19 m
  • IDM-22-206 (the primary 100 m is thru historic Backfill) – Sommercamp-Regan (Most important DeLamar Pit space)
    • 0.27 g/t Au and 48.42 g/t Ag (0.89 g/t AuEq) over 110.64 m
  •  IDM-22-207
    • 0.18 g/t Au and 24.36 g/t Ag (0.50 g/t AuEq) over 99.06 m

• These drill holes, which have been a part of a metallurgical drill program and exhibit the sturdy continuity of gold-silver on the Mission, additionally prolong the identified mineralization at Sullivan Gulch by 30 m.
• The primary 100 m of drill gap IDM-22-206 examined historic backfill and encountered sturdy AuEq grades that would additional complement future heap leach plans, offering extra proof that these low-grade stockpiles and backfill at DeLamar and Florida Mountain have the potential to extend the Oxide-Blended useful resource on the Mission.
• A portion of the high-grade intercepts introduced as we speak proceed to outline the not too long ago found high-grade Northwest placing gold-silver zone that underlies the majority tonnage low-grade useful resource at Sullivan Gulch, with continuity within the North zone of 350 m and the South zone of 350 m.

VANCOUVER, British Columbia, July 21, 2022 (GLOBE NEWSWIRE) — Integra Assets Corp. (“Integra” or the “Firm”) (TSX-V: ITR; NYSE American: ITRG) is happy to announce drill outcomes from the DeLamar Mission (“DeLamar” or the “Mission”) situated in southwestern Idaho. The drill outcomes introduced as we speak embrace lengthy runs of sturdy mineralization at DeLamar, together with a number of high-grade hits of silver. Drill gap IDM-22-207 prolonged mineralization beneath the Pre-feasibility Examine (“PFS”) Pit Constrained Useful resource by 30 m and drill gap IDM-22-206 demonstrated the potential for useful resource within the historic stockpiles and backfill on the Mission.

“Integra continues to be very energetic on the bottom and continues to execute on our acknowledged goal of exhibiting useful resource progress potential on a myriad of exploration fronts at DeLamar whereas advancing the Mission in direction of allowing. The drill holes introduced as we speak proceed to outline Sullivan Gulch as an excellent, prolific gold-silver goal with substantial upside for future mining and processing eventualities. Sullivan Gulch is outlined by a 100 m to 300 m extensive thicknesses of disseminated low-grade, gold-silver mineralization underlain by a newly found high-grade gold-silver zone. This high-grade zone is open to the south, laterally, and at depth, complimenting the majority tonnage useful resource above it, “famous President and CEO George Salamis. “Immediately’s intercept extends mineralization beneath the PFS useful resource pit by 30 m. As well as, the brand new high-grade zone has now been intercepted over a vertical extent of 215 m, and alongside a strike size of 350 m within the Northern zone and 350 m within the Southern zone. There stays a 370 m untested hole between the Northern and Southern high-grade zones, presenting an apparent excessive precedence drill goal.”

The next desk highlights chosen intercepts from the Sullivan Gulch drill outcomes introduced as we speak:

(1)   Downhole thickness: true width varies relying on drill gap dip; most drill holes are geared toward intersecting the vein buildings near perpendicular due to this fact true widths are near downhole widths (roughly 70% conversion ratio)
(2)   Gold equal = g Au/t + (g Ag/t ÷ 77.70)
(3)   Intervals reported are uncapped

Sullivan Gulch:

Together with demonstrating the magnitude of the big low-grade gold-silver zone at Sullivan Gulch, the drill outcomes introduced as we speak proceed to develop the rising high-grade vein system at Sullivan Gulch that traits Northwest and dips to the Northeast. This new discovery additional enriches the high-grade element of Sullivan Gulch, the majority of which dips to the Southwest. Excessive-grade at Sullivan Gulch has been intercepted in a Northern zone over a 350 m strike size whereas the Southern zone, which incorporates intercepts from 2018 to current which align with the brand new geological mannequin, additionally has a strike size of 350 m. There stays a 370 m untested zone between the North and South high-grade zones which has the potential to increase the strike size of this high-grade goal to over 1,000 m. These intercepts additional validate the geological mannequin that along with a well-defined North-northwest trending vein system that dips to the Southwest which has seen many of the drilling at Sullivan Gulch, there exists a structurally managed system in quartz latite that dips Northeast and is open to the south, laterally, and at depth.

Usually, the mineralization at Sullivan Gulch is basically hosted by porphyritic rhyolite and latite models, capped by a banded rhyolite formation, all of that are of mid-Miocene age. The gold-silver mineralization itself consists of a zone of reasonably intense low-sulphidation epithermal veining, clay alteration and associated disseminated sulphides (largely pyrite). IP signifies the potential for mineralization to increase an extra 900 m to the south of the southern-most drilled part of Sullivan Gulch.

To view a cross part of Sullivan Gulch, click on on the hyperlink beneath:
https://integraresources.com/website/belongings/recordsdata/2572/idm-22-204_sg_cross_section_vedit_use_-_dashes.pdf

To view a drill plan map of Sullivan Gulch, click on on the hyperlink beneath:
https://integraresources.com/website/belongings/recordsdata/2572/drill_collar_dm_july_sm_vuse.pdf

Historic Stockpiles and Backfill:

Drill gap IDM-22-206 is of explicit significance to Integra because it offers extra proof that the historic low-grade stockpiles and backfill at DeLamar and Florida Mountain are mineralized and will present extra heap leach materials in future mine plans. The Firm estimates that 60 million tonnes of run-of-mine, low-grade Oxide materials is stockpiled and/or used as backfill in a number of places on the Mission from its 20-year historical past of recent mining (Nineteen Seventies-Nineteen Nineties). Based mostly on the Firm’s reconciliation of milling information and the reconstruction of mined materials, the Firm believes this materials exceeds the heap leach cut-off grades and has the potential so as to add mine life to the long run operations.

The primary 100 m of drill gap IDM-22-206 was via historic backfill, returning common AuEq grades in-line with Firm estimates and probably appropriate for heap leach materials, topic to additional research. Encountering these ends in the primary drill gap into historic backfill is encouraging.

Summer time Work Program and Subsequent Steps:

Following a short pause, the Firm expects to recommence drilling at DeLamar this summer season. The proposed summer season/fall drill program is being executed totally on DeLamar personal property on historic patented mining claims and is able to proceed on the Firm’s discretion.

Sampling and QA/QC Process

Thorough QA/QC protocols are adopted on the Mission, together with insertion of duplicate, clean and customary samples within the assay stream for all drill holes. The samples are submitted on to American Assay Labs in Reno, Nevada for preparation and evaluation. Evaluation of gold is carried out utilizing hearth assay technique with atomic absorption (AA) end on a 1 assay ton aliquot. Gold outcomes over 5 g/t are re-run utilizing a gravimetric end. Silver evaluation is carried out utilizing ICP for outcomes as much as 100 g/t on a 5-acid digestion, with a hearth assay, gravimetric end for outcomes over 100 g/t silver.

Certified Individual

The scientific and technical data contained on this information launch has been reviewed and authorized by E. Max Baker Ph.D. (F.AusIMM), Integra’s Vice President Exploration of Put up Falls, Idaho, a “Certified Individual” (“QP”) as outlined in Nationwide Instrument 43- 101 – Requirements of Disclosure for Mineral Tasks.

About Integra Assets

Integra is a development-stage mining firm centered on the exploration and de-risking of the previous producing DeLamar gold-silver mission in Idaho, USA. Integra is led by the administration staff from Integra Gold Corp. which efficiently grew, developed and bought the Lamaque Mission, in Quebec, for C$600m in 2017. Since buying the DeLamar Mission, which incorporates the adjoining DeLamar and Florida Mountain gold and silver deposits, in late 2017, the Firm has demonstrated vital useful resource progress and conversion whereas offering strong financial research in its maiden preliminary financial evaluation and now pre-feasibility examine. An unbiased technical report for the PFS on the DeLamar Mission has been ready in accordance with the necessities of NI 43-101 and is out there beneath the Firm’s profile at www.sedar.com and on the Firm’s web site at www.integraresources.com.

ON BEHALF OF THE BOARD OF DIRECTORS

George Salamis
President, CEO and Director

CONTACT INFORMATION

Company Inquiries: ir@integraresources.com 
Firm web site: www.integraresources.com 
Workplace cellphone: 1 (604) 416-0576

Ahead wanting and different cautionary statements

This information launch accommodates “forward-looking data” and “forward-looking statements” (collectively, “forward-looking statements”) throughout the which means of the relevant Canadian securities laws. All statements, apart from statements of historic reality, are forward-looking statements and are based mostly on expectations, estimates and projections as on the date of this information launch. Any assertion that includes dialogue with respect to predictions, expectations, beliefs, plans, projections, targets, assumptions, future occasions or efficiency (typically, however not at all times utilizing phrases similar to “plans”, “expects”, “is predicted”, “price range”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (together with adverse variations) of such phrases and phrases, or state that sure actions, occasions or outcomes “might”, “might”, “would”, “would possibly” or “will” be taken, happen or be achieved) usually are not statements of historic reality and could also be forward-looking statements. On this information launch, forward-looking statements relate, amongst different issues, to: statements in regards to the scope, timing and completion of the Pre-feasibility examine; estimates of metallurgical restoration charges and the contribution of silver manufacturing to mining operations; anticipated development of DeLamar and future exploration prospects.These forward-looking statements, and any assumptions upon which they’re based mostly, are made in good religion and replicate our present judgment relating to the course of our enterprise. Administration believes that these assumptions are cheap. Ahead-looking data includes identified and unknown dangers, uncertainties and different components which can trigger the precise outcomes, efficiency, or achievements of the Firm to be materially totally different from any future outcomes, efficiency or achievements expressed or implied by the forward-looking data. Such components embrace, amongst others: dangers associated to the speculative nature of the Firm’s enterprise; the Firm’s formative stage of growth; the Firm’s monetary place; attainable variations in mineralization, grade or restoration charges; precise outcomes of present exploration actions; precise outcomes of reclamation actions; conclusions of future financial evaluations; enterprise integration dangers; fluctuations generally macroeconomic situations; fluctuations in securities markets; fluctuations in spot and ahead costs of gold, silver, base metals or sure different commodities; fluctuations in foreign money markets (such because the Canadian greenback to United States greenback change fee); change in nationwide and native authorities, laws, taxation, controls rules and political or financial developments; dangers and hazards related to the enterprise of mineral exploration, growth and mining (together with environmental hazards, industrial accidents, uncommon or sudden formation pressures, cave-ins and flooding); lack of ability to acquire sufficient insurance coverage to cowl dangers and hazards; the presence of legal guidelines and rules that will impose restrictions on mining; worker relations; relationships with and claims by native communities and indigenous populations; availability of accelerating prices related to mining inputs and labour; the speculative nature of mineral exploration and growth (together with the dangers of acquiring vital licenses, permits and approvals from authorities authorities); and title to properties. Though the forward-looking statements contained on this information launch are based mostly upon what administration of Integra believes, or believed on the time, to be cheap assumptions, Integra can not guarantee its shareholders that precise outcomes will probably be in line with such forward-looking statements, as there could also be different components that trigger outcomes to not be anticipated, estimated, or supposed.

Ahead-looking statements contained herein are made as of the date of this information launch and the Firm disclaims any obligation to replace any forward-looking statements, whether or not because of new data, future occasions or outcomes, besides as could also be required by relevant securities legal guidelines. There will be no assurance that forward-looking data will show to be correct, as precise outcomes and future occasions might differ materially from these anticipated in such statements. Accordingly, readers shouldn’t place undue reliance on forward-looking data.

Cautionary Notice for U.S. Traders Regarding Mineral Assets and Reserves

Nationwide Instrument 43-101 – Requirements of Disclosure for Mineral Tasks (“NI 43-101“) is a rule of the Canadian Securities Directors which establishes requirements for all public disclosure an issuer makes of scientific and technical data regarding mineral initiatives. Technical disclosure contained on this information launch has been ready in accordance with NI 43-101 and the Canadian Institute of Mining, Metallurgy and Petroleum Classification System.  These requirements differ from the necessities of the U.S. Securities and Trade Fee (“SEC”) and useful resource data contained on this press launch will not be akin to related data disclosed by home United States corporations topic to the SEC’s reporting and disclosure necessities.

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