07:24 AM EDT, 08/05/2025 (MT Newswires) -- Integra Resources Corp. ( ITRG ) announced Tuesday initial results from the 2025 resource growth drilling program at the xompany's primary operating asset, the Florida Canyon Mine located in Nevada.

A statement noted the drill program "marks the first phase of a multi-year growth strategy designed to expand mineral reserves and resources, extend mine life, and enhance the value of Florida Canyon".

Integra said the 2025 growth drilling program is focused on three key areas: near-surface oxide potential from historical low-grade gold-mineralized waste material that was uneconomic at lower gold prices; and expanding in-situ resources between existing mine open pits; as well as testing lateral extensions and in-pit infill drilling.

Due to the success of initial drilling, the company added, the scope of the program has been increased from near 10,000 meters to near 16,000 m of reverse circulation and sonic drilling. At the date of this news release, 5,700 metres of RC drilling has been completed.

George Salamis, President, CEO and Director, said: "A key driver behind the acquisition of Florida Canyon in late 2024 was not only the cash flow that the mine could generate, but also the significant near-mine growth potential. We are very encouraged by the initial results from our 2025 drill program, particularly from the high-priority North Dump area. Broad, consistent oxide gold-mineralized intercepts confirm excellent grade continuity and underscore the potential to grow resources and extend mine life. We also see promising results from the drilling in the Inter-Pit areas, which suggest the potential for pit expansions. Based on the success of initial drilling, the Company has increased the scope of the drill program by near 6,000 meters. Pursuing low-strip, near-surface gold-mineralized material at Florida Canyon in the current gold price environment offers compelling rationale. We look forward to sharing the continued progress as drilling advances through the summer and fall."

Integra was last down 1.9% at $2.05 on the TSX, before the Canada holiday weekend. It rose 4.7% in U.S. trading yesterday.