Project Overview
The DeLamar Project, owned by Integra Resources includes the DeLamar and Florida Mountain deposit areas. Both deposit areas have been subject to historical underground mining in the late 1800s and early 1900s, as well as late 20th century open-pit mining.
The DeLamar project area and mineralized zones are situated within an arcuate, nearly circular array of overlapping porphyritic and flow-banded rhyolite flows and domes that overlie cogenetic, precursor pyroclastic deposits erupted as local tuff rings. Gold-silver mineralization occur as two distinct but related types: (i) relatively continuous, quartz-filled fissure veins that were the focus of late 19th and early 20th century underground mining and (ii) broader, bulk-mineable zones of closely-spaced quartz veinlets and quartz-cemented hydrothermal breccia veins. This mineralization is best interpreted in the context of the volcanic-hosted, low-sulfidation epithermal model.
On February 21, 2024, Wheaton acquired a 1.5% net smelter return royalty interest relative to the DeLamar project.
Stream Details
| Date of Contract |
21- Feb -15 |
| Royalty Terms |
Life of Mine |
| Royalty Parameters |
1.5% NSR |
| Upfront Consideration |
$9.75M |
For more information on the DeLamar Project, please visit: integraresources.com(opens in new tab)