Mining a Tier One USA Asset for Gold and Silver with George Salamis

In this episode, we chat to George Salamis, President, and CEO of Interga Resources who is a development-stage mining company focused on the exploration and de-risking of the past-producing DeLamar Gold-Silver Project in Idaho, USA.

George has a geology background and over 30 years of experience in the mining and resource exploration industry and has been involved in over $2 billion of M&A transactions, either through assets sales or his involvement with junior mining companies. He tells us more about Interga Resources and what the future holds for them moving forward with the PFS.

 

KEY TAKEAWAYS

• The DeLamar project was acquired from Kinross. Interga is taking a different approach to once again extract gold and silver there.
• The infrastructure that was left behind when Kinross stopped mining there in the 90s, is still available.
• Using heat bleaching will create cash flow to build the mill, should it be financially attractive to do so.
• The project can be scaled slowly or quickly, to fit in with market conditions, which minimises risk and maximises profits.
• When in full production again DeLamar will be one of the largest gold and silver producers in the USA.
• Idaho understands the benefits of mining and are very welcoming.
• Integra has already found over a hundred intersects of high-grade finds and has many more targeted areas to explore.
• This is a tier-one asset in a low-risk jurisdiction.

 

BEST MOMENTS

‘When we acquired the project from Kinross, we had a sense that there was a lot of gold and silver resources left behind. ´

‘Having a number of different options available to develop an asset is key to longevity.’

‘It’s in a low-risk jurisdiction and is a very large asset.’

 

EPISODE RESOURCES

Website: https://integraresources.com/

 

VALUABLE RESOURCES

Email: rob@mining-international.org

Website: https://www.mining-international.org/

LinkedIn: https://www.linkedin.com/in/rob-tyson/

Twitter: https://twitter.com/MiningRobTyson

Facebook: https://www.facebook.com/DigDeepTheMiningPodcast/

Instagram: https://www.instagram.com/theminingpodcast/

YouTube: https://www.youtube.com/c/DigDeepTheMiningPodcast/videos

 

ABOUT THE HOST

Rob Tyson is an established recruiter in the mining and quarrying sector and decided to produce the “Dig Deep” The Mining Podcast to provide valuable and informative content around the mining industry. He has a passion and desire to promote the industry and the podcast aims to offer the mining community insight into people's experiences and careers covering any mining discipline, giving the listeners helpful advice and guidance on industry topics.

Rob is the Founder and Director of Mining International Ltd, a leading global recruitment and headhunting consultancy based in the UK specializing in all areas of mining across the globe from the first world to third world countries from Africa, Europe, the Middle East, Asia, and Australia. We source, headhunt, and discover new and top talent through a targeted approach and search methodology and have a proven track record in sourcing and positioning exceptional candidates into our client's organizations in any mining discipline or level.

Mining International provides a transparent, informative, and trusted consultancy service to our candidates and clients to help them develop their careers and business goals and objectives in this ever-changing marketplace.

Podcast Description

Rob Tyson is an established recruiter in the mining and quarrying sector and decided to produce the “Dig Deep” The Mining Podcast to provide valuable and informative content around the mining industry. He has a passion and desire to promote the industry and the podcast aims to offer the mining community an insight into people’s experiences and careers covering any mining discipline, giving the listeners helpful advice and guidance on industry topics.