Integra Resources Launches Gold Resource Growth Drill Program at Florida Canyon Mine

Integra Resources Corp. (NYSE:ITRG) is one of the best Canadian stocks with huge upside potential. Earlier in May, Integra Resources announced the commencement of a gold resource growth-focused drill program at its primary operating asset, which is the Florida Canyon Mine in Nevada. The 2025 drill program, which began in early May, is the first phase of a multi-year growth strategy aimed at expanding mineral reserves and resources, extending mine life, and maximizing the value of Florida Canyon.

The program is expected to conclude in Q3 2025, with initial results anticipated during the summer months of 2025. The 2025 drill program will consist of ~10,000 meters of reverse circulation/RC drilling, which is budgeted at ~$1.5 million. This drilling is focused on 3 key near-mine targets at Florida Canyon to support oxide mineral reserve and resource growth and extend the mine’s operational life.

The program is designed to support a mineral resource and reserve update, along with a revised life-of-mine plan, in early 2026. The Florida Canyon Mine has a long operating history, having produced ~2.7 million ounces of gold from over 200 million tonnes of ore mined since operations began in 1986 through the end of 2024. As of December 31, 2024, proven and probable mineral reserves at Florida Canyon totaled 70.4 million tonnes at a grade of 0.35 grams per tonne gold, amounting to 785,000 ounces of gold.

Integra Resources Corp. (NYSE:ITRG) is a precious metals producer that acquires, explores, and develops mineral properties in the Great Basin of the Western US.

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Disclosure: None. This article is originally published at Insider Monkey.