08:28 AM EDT, 05/30/2024 (MT Newswires) -- Integra Resources ( ITRG ) was last seen up 2.9% in premarket New York trading -- having been down 3.4% in premarket a short time ago -- after the company on Thursday said it will launch a 2,000-meter exploration-drilling program at its Nevada North Project next month.

The company said the program will look to further define the Wildcat gold and silver deposit at the property, where it has already identified a resource of 829,152 gold-equivalent ounces.

Integra said the program is looking to identify the feeder system for the Wildcat deposit, testing oxide mineralization adjacent to the known resource.

"We believe this drill program has the potential to significantly increase the near surface oxide mineral resource which will enhance future economics at Wildcat. Moreover, the discovery of the main feeder zone could be a potential game changer for Wildcat, altering the scope of what we currently know about the potential size of the deposit," chief executive Jason Kosec said in the release.

The company's shares were last seen up US$0.03 to US$0.9190 in premarket trading. They closed down $0.03 to $1.23 Wednesday on the TSX Venture Exchange.