Integra Resources Corp 6-K, filed Jan 6, 2025

Integra Resources Corp. (ITRG)

6-K 2025-01-06 For: 2024-06-28

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Added on April 11, 2026

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Integra Resources Corp filed this 6-K on January 6, 2025.

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Florida Canyon Gold Mine	Page ii
Florida Canyon Gold Inc.	NI 43-101 Technical Report

Qualified Person	Responsible for Report Sections
Dr. Todd Harvey	1.9,1.15,1.16,1.18,1.19,1.20,1.21,1.22,1.23.3, 13,17,18,19,21,22,24,25.4,25.8,25.12,25.13,25.14,25.15,26.3,27
Terre Lane	1.1, 1.2, 1.3, 1.4, 1.10,1.11, 1.12, 1.13, 1.14, 1.16, 1.18, 1.19, 1.20, 1.21, 1.22, 1.23.2, 2; 3; 4; 5; 12.6,12.7; 14; 15; 16; 18; 19; 21; 22; 23; 24; 25.1, 25.2, 25.5, 25.6, 25.7, 25.9, 25.11, 25.12, 25.13, 25.14, 25.15; 26.2; and 27
Dr. Hamid Samari	1.5, 1.6, 1.7, 1.8, 1.23.1; 6; 7; 8; 9; 10; 11; 12; 25.2, 25.3; 26.1; 27
Larry Breckenridge	1.17, 1.23.4; 20; 25.10; 26.4

(Signed) "Todd Harvey"		11 July 2024
Signature Dr. Todd Harvey		Date


(Signed) "Terre Lane"		11 July 2024
Signature Terre Lane		Date


(Signed) "Hamid Samari"		11 July 2024
Signature Hamid Samari		Date


(Signed) "Larry Breckenridge"		11 July 2024
Signature Larry Breckenridge		Date

Florida Canyon Gold Mine	Page iii
Florida Canyon Gold Inc.	NI 43-101 Technical Report

1.0 SUMMARY	16
1.1 Introduction	16
1.2 Terms of Reference	16
1.3 Project Setting	16
1.4 Mineral Tenure, Royalties, Environmental Liabilities and Permitting	17
1.5 Geology, Mineralization, and Deposit Type	17
1.6 History	18
1.7 Drilling and Sampling	18
1.8 Data Verification	19
1.9 Metallurgical Test Work	19
1.10 Mineral Resource Estimation	20
1.11 Mineral Resource Statement	20
1.12 Mineral Reserve Estimation	21
1.13 Mineral Reserve Statement	22
1.14 Mining Method	22
1.14.1 Hydrologic Considerations	22
1.14.2 Open Pit Geotechnical Considerations	22
1.14.3 Mine Plan	23
1.15 Recovery Methods	23
1.16 Project Infrastructure	24
1.17 Environmental, Permitting and Social Considerations	24
1.18 Markets and Contracts	24
1.19 Capital Cost Estimates	24
1.20 Operating Cost Estimates	25
1.21 Economic Analysis	25
1.22 Interpretation and Conclusions	26
1.23 Recommendations	26
1.23.1 Geology	26
1.23.2 Mining	27
1.23.3 Metallurgy and Processing	27
1.23.4 Environmental Studies	27
2.0 INTRODUCTION	28
3.0 RELIANCE ON OTHER EXPERTS	31
4.0 PROPERTY DESCRIPTION AND LOCATION	32
4.1 Environmental Liabilities and Permitting	33
5.0 ACCESS, CLIMATE, LOCAL RESOURCES, INFRASTRUCTURE, AND PHYSIOGRAPHY	37
6.0 HISTORY	38
7.0 GEOLOGIC SETTING AND MINERALIZATION	41
7.1 Regional Geology	41

	Integra Resources Corp.

Date: January 3, 2025	/s/ Andree St-Germain Andree St-Germain Chief Financial Officer

Florida Canyon Gold Mine	Page iv
Florida Canyon Gold Inc.	NI 43-101 Technical Report

7.2 Local Geology	42
7.3 Florida Canyon Geology	42
7.4 Mineralization	44
8.0 DEPOSIT TYPE	46
9.0 EXPLORATION	47
9.1 Pre-Argonaut	47
9.2 Argonaut	47
9.2.1 Drilling	47
9.3 Field Mapping	47
9.3.1 Pre- Argonaut	47
9.3.2 Argonaut	48
10.0 DRILLING	52
10.1 Introduction	52
10.2 Drill Methods	55
10.2.1 Pre-Argonaut	55
10.2.2 Argonaut	55
10.3 Logging Procedure	56
10.3.1 Pre-Argonaut	56
10.3.2 Argonaut	57
10.4 Recovery	57
10.4.1 Pre-Argonaut	57
10.4.2 Argonaut	57
10.5 Collar Survey	58
10.5.1 Pre-Argonaut	58
10.5.2 Argonaut	58
10.6 Down-Hole Surveys	58
10.6.1 Pre-Argonaut	58
10.6.2 Argonaut	58
10.7 QP Comments on Section 10 Drilling	59
11.0 SAMPLE PREPARATION, ANALYSIS, AND SECURITY	60
11.1 Sampling	60
11.1.1 Pre-Argonaut	60
11.1.2 Argonaut	60
11.2 Sample Preparation	60
11.2.1 Pre-Argonaut	60
11.2.2 Argonaut	61
11.3 Analytical Procedure	61
11.3.1 Pre-Argonaut	61
11.3.2 Argonaut	61
11.4 Quality Assurance and Quality Control	62
11.4.1 Pre-Argonaut	62

Florida Canyon Gold Mine	Page v
Florida Canyon Gold Inc.	NI 43-101 Technical Report

11.4.2 Argonaut	63
11.5 Database	65
11.5.1 Pre-Argonaut	65
11.5.2 Argonaut	65
11.6 Sample Security	65
11.6.1 Pre-Argonaut	65
11.6.2 Argonaut	66
11.7 QP Comments on Section 11 Sample Preparation, Analyses, And Security	66
12.0 DATA VERIFICATION	68
12.1 Historical Data Verification	68
12.2 Data Verification by International Mining Consultants	68
12.2.1 2017 Drilling Compared to Pre-2015 Drilling	68
12.2.2 DDH to RC Comparison	69
12.3 Data Verification by Global Resource Engineering	70
12.3.1 Historic Data (1981 to 2016)	70
12.3.2 2017 QA/QC	73
12.3.3 2020-2023 Database	81
12.3.4 Verification of Florida Canyon Mine Analytical Quality Control Data	82
12.3.5 2020 QA/QC	82
12.3.6 2021 QA/QC	87
12.3.7 2022 QA/QC	93
12.3.8 2023 QA/QC	101
12.3.9 The Field Visit by GRE, Geological Data Verification and Check Assays	106
12.4 Data Verification QP Opinion on Adequacy	124
12.5 Metallurgy QP Opinion on Adequacy	124
12.6 Resource Estimation QP Opinion on Adequacy	124
12.7 Mine Planning QP Opinion on Adequacy	125
13.0 MINERALOGICAL PROCESSING AND METALLURGICAL TESTING	126
13.1 Metallurgical Test Work	126
13.2 Process Optimization Test Work	127
13.3 Gold Recovery Modelling	128
14.0 MINERAL RESOURCE ESTIMATE	131
14.1 Database	131
14.1.1 Samples and Composites	131
14.1.2 Sample Capping	131
14.2 Model Description	132
14.2.1 Geologic Interpretation	132
14.2.2 Density Assignment	133
14.2.3 Domains	134
14.3 Grade Estimation	135
14.4 Mineral Resource Classification	136

Florida Canyon Gold Mine	Page vi
Florida Canyon Gold Inc.	NI 43-101 Technical Report

14.5 Model Validation	136
14.5.1 Sensitivity Analysis Using Grade Smoothing in the LIK Model	141
14.5.2 Reconciliation	141
14.6 Mineral Resource Estimate	145
14.7 Grade Sensitivity Analysis	147
14.8 Factors that May Affect the Mineral Resource Estimates	148
14.9 QP Comments on Item 14 "Mineral Resource Estimates"	149
15.0 MINERAL RESERVE ESTIMATION	150
15.1 Open Pit Mineral Reserve Estimates	150
15.1.1 Material Type Classification	150
15.1.2 Open Pit Resource Mine Planning Block Model	150
15.1.3 Open Pit Metallurgical Recoveries	150
15.1.4 Open Pit Cut-Off Grade	151
15.1.5 Open Pit Optimization	152
15.1.6 Reserve Pit Design	153
15.2 Mineral Reserves	155
15.3 Factors that may affect the Mineral Reserves	155
15.4 QP comments on Section 15 Mineral Reserve Estimation	156
16.0 MINING METHODS	157
16.1 Hydrologic Considerations	157
16.2 Open Pit Geotechnical Considerations	157
16.3 Open Pit Mine Design	158
16.4 Mining Operations	169
16.4.1 Drilling	169
16.4.2 Blasting	169
16.4.3 Loading	169
16.4.4 Hauling	169
16.4.5 Mine planning	170
16.4.6 Equipment Requirements	180
17.0 RECOVERY METHODS	181
17.1 Introduction	181
17.2 Ore Stacking	181
17.3 Barren and Pregnant Leaching Solution Processing	181
17.4 Carbon Processing	182
17.5 Refining	182
17.6 Ventilation	182
17.7 Planned Processing Expansion Project for 2024	182
17.8 Primary Process Equipment and Pond Capacities	182
17.9 Reagents	183
17.10 Gold Recovery	184
18.0 PROJECT INFRASTRUCTURE	185

Florida Canyon Gold Mine	Page vii
Florida Canyon Gold Inc.	NI 43-101 Technical Report

18.1 Primary Access Road	185
18.2 Mine Haul Roads	185
18.3 Principal Mine and Maintenance Facilities	185
18.3.1 Maintenance Facilities	185
18.3.2 Truck Shop and Truck Wash	185
18.3.3 Fuel Tank Farm	187
18.3.4 Explosive Magazine	187
18.3.5 Waste Rock Storage Facilities	187
18.4 Principal Process Facilities	187
18.4.1 Crushing Plant	187
18.4.2 Overland Conveyor	188
18.4.3 Leach Pad Facility	188
18.4.4 Process Ponds	188
18.4.5 Carbon in Column Plant	188
18.4.6 Gold Recovery Plant	188
18.4.7 Assay Laboratory	189
18.5 Other Infrastructure	189
18.5.1 Office Buildings	189
18.5.2 Electric Power	189
18.5.3 Water Sources	190
19.0 MARKET STUDIES AND CONTRACTS	191
19.1 Metal Prices	191
19.2 Market Studies	191
19.3 Contracts	192
20.0 ENVIRONMENTAL STUDIES, PERMITTING, AND SOCIAL OR COMMUNITY IMPACT	193
20.1 Environmental Studies	193
20.2 Environmental Management Planning	194
20.2.1 WPCP Management Plans	195
20.2.2 Waste Rock Management	195
20.2.3 Known Environmental Issues Nitrate Plume	196
20.2.4 Known Environmental Issues Leak Detection System	196
20.3 Required Permits and Status	197
20.3.1 Federal Permitting	200
20.3.2 State Permitting	201
20.3.3 Local Permitting	203
20.3.4 FCM Permit Compliance	203
20.3.5 Future Permit Amendments	204
20.4 Social and Community Requirements	205
20.5 Mine Closure	205
20.5.1 Regulatory Requirements	205
20.5.2 Reclamation Bonding and Closure Cost Estimates	206
20.5.3 Existing Bonding at FCM	207

Florida Canyon Gold Mine	Page viii
Florida Canyon Gold Inc.	NI 43-101 Technical Report

21.0 CAPITAL AND OPERATING COSTS	208
21.1 Capital Costs	208
21.2 Operating Costs	209
21.3 QP Comments on Section 21 Capital and Operating Costs	209
22.0 ECONOMIC ANALYSIS	210
22.1 Introduction	210
22.2 Methods, Assumptions, and Basis	210
22.3 Base Case Financial Analysis Summary	211
22.4 Mineral Reserve Case Financial Analysis Summary	214
22.4.1 Sensitivity Analysis	214
22.5 QP Comments on Section 22 Economic Analysis	215
23.0 ADJACENT PROPERTIES	216
24.0 OTHER RELEVANT DATA AND INFORMATION	217
25.0 INTERPRETATION AND CONCLUSIONS	218
25.1 Mineral Tenure, Royalties, Environmental Liabilities and Permitting	218
25.2 Geology and Mineralization	218
25.3 Exploration, Drilling and Analytical Data Collection in Support of Mineral Resource Estimation	218
25.4 Metallurgical Test Work	219
25.5 Mineral Resource Estimations	219
25.6 Mineral Reserve Estimates	219
25.7 Mine Plan	220
25.8 Metal Recovery Plan	220
25.9 Infrastructure	220
25.10 Environmental, Permitting and Social Considerations	220
25.11 Markets and Contracts	220
25.12 Capital Cost Estimates	221
25.13 Operating Cost Estimates	221
25.14 Economic Analysis	221
25.15 Conclusion	222
26.0 RECOMMENDATIONS	223
26.1 Geology	223
26.2 Mining	223
26.3 Metallurgy and Processing	223
26.4 Environmental Studies	224
27.0 REFERENCES	225
CERTIFICATE OF QUALIFIED PERSON	227
CERTIFICATE OF QUALIFIED PERSON	229
CERTIFICATE OF QUALIFIED PERSON	231
CERTIFICATE OF QUALIFIED PERSON	233

Figure 4-1: Property Location in Nevada	34
Figure 4-2: Florida Canyon Land Map	35
Figure 4-3: Mining Lease and Claims	36
Figure 7-1: Florida Canyon Area Geology	43
Figure 7-2: Florida Canyon Generalized Geologic Cross Section	44
Figure 9-1: Map of Soil Sample Grids at Exploration Targets in and Surrounding the FCM	50
Figure 9-2: Map of Rock Chip Sampling at Exploration Targets in and Surrounding the FCM	51
Figure 10-1: Drill Collars over 2023 EOY Topography	54
Figure 10-2: Argonaut Drill Collars (2020-2023)	56
Figure 12-1: Field Duplicate Samples from Some Drilling Programs Prior to 2017	71
Figure 12-2: Pulp Duplicate Samples from Some Drilling Programs Prior to 2017	72
Figure 12-3: 2017 Drilling Campaign, Blank Results	74
Figure 12-4: 2017 Drilling Campaign, Blank Results	74
Figure 12-5: CRM MEG-Au.09.08 from the 2017 Drilling Campaign	75
Figure 12-6: CRM MEG-Au.10.03 from the 2017 Drilling Campaign	76
Figure 12-7: CRM MEG-Au.11.13 from the 2017 Drilling Campaign	76
Figure 12-8: CRM MEG-Au.12.11 from the 2017 Drilling Campaign	77
Figure 12-9: CRM MEG-Au.12.13 from the 2017 Drilling Campaign	77
Figure 12-10: CRM MEG-Au.12.20 from the 2017 Drilling Campaign	78
Figure 12-11: CRM MEG-Au.12.21 from the 2017 Drilling Campaign	78
Figure 12-12: CRM MEG-Au.12.23 from the 2017 Drilling Campaign	79
Figure 12-13: CRM MEG-Au.12.25 from the 2017 Drilling Campaign	79
Figure 12-14: CRM MEG-Au. S105006X from the 2017 Drilling Campaign	80
Figure 12-15: CRM MEG-Au. S107007X from the 2017 Drilling Campaign	80
Figure 12-16: Pulp Duplicate Samples from the 2017 Drilling Campaign	81
Figure 12-17: 2020 Drilling Campaign, Blank Results	82
Figure 12-18: CRM MEG-Au.17.04 from the 2020 Drilling Campaign	83
Figure 12-19: CRM MEG-Au.17.08 from the 2020 Drilling Campaign	83
Figure 12-20: CRM MEG-Au.17.21 from the 2020 Drilling Campaign	84
Figure 12-21: CRM MEG-Au.17.23 from the 2020 Drilling Campaign	84
Figure 12-22: CRM MEG-Au.19.05 from the 2020 Drilling Campaign	85
Figure 12-23: CRM MEG-Au.19.10 from the 2022 Drilling Campaign	85
Figure 12-24: Field Duplicate Samples from the 2020 Drilling Campaign	86
Figure 12-25: Pulp Duplicate Samples from the 2020 Drilling Campaign	86
Figure 12-26: 2021 Drilling Campaign, Blank Results	87
Figure 12-27: CRM MEG-Au.17.04 from the 2021 Drilling Campaign	88
Figure 12-28: CRM MEG-Au.17.08 from the 2021 Drilling Campaign	88
Figure 12-29: CRM MEG-Au.17.21 from the 2021 Drilling Campaign	89

Figure 12-30: CRM MEG-Au.17.23 from the 2021 Drilling Campaign	89
Figure 12-31: CRM MEG-Au.19.05 from the 2021 Drilling Campaign	90
Figure 12-32: CRM MEG-Au.19.08 from the 2021 Drilling Campaign	90
Figure 12-33: CRM MEG-Au.19.10 from the 2021 Drilling Campaign	91
Figure 12-34: Field Duplicate Samples from the 2021 Drilling Campaign	92
Figure 12-35: Pulp Duplicate Samples from the 2021 Drilling Campaign	92
Figure 12-36: 2022 Drilling Campaign, Blank Results	93
Figure 12-37: 2022 Drilling Campaign, Blank Results	94
Figure 12-38: CRM MEG-Au.17.04 from the 2022 Drilling Campaign	95
Figure 12-39: CRM MEG-Au.17.08 from the 2022 Drilling Campaign	95
Figure 12-40: CRM MEG-Au.17.21 from the 2022 Drilling Campaign	96
Figure 12-41: CRM MEG-Au.19.05 from the 2022 Drilling Campaign	96
Figure 12-42: CRM MEG-Au.19.07 from the 2022 Drilling Campaign	97
Figure 12-43: CRM MEG-Au.19.09 from the 2022 Drilling Campaign	97
Figure 12-44: CRM MEG-Au.19.10 from the 2022 Drilling Campaign	98
Figure 12-45: CRM MEG-Au.19.11 from the 2022 Drilling Campaign	98
Figure 12-46: CRM MEG-Au.21.01 from the 2022 Drilling Campaign	99
Figure 12-47: CRM MEG-Au.21.05 from the 2022 Drilling Campaign	99
Figure 12-48: Field Duplicate Samples from the 2022 Drilling Campaign	100
Figure 12-49: Pulp Duplicate Samples from the 2022 Drilling Campaign	101
Figure 12-50: 2023 Drilling Campaign, Blank Results	102
Figure 12-51: 2023 Drilling Campaign, Blank Results	102
Figure 12-52: CRM MEG-Au.17.04 from the 2023 Drilling Campaign	103
Figure 12-53: CRM MEG-Au.19.09 from the 2023 Drilling Campaign	104
Figure 12-54: CRM MEG-Au.19.10 from the 2023 Drilling Campaign	104
Figure 12-55: CRM MEG-Au.21.01 from the 2023 Drilling Campaign	105
Figure 12-56: CRM MEG-Au.21.05 from the 2023 Drilling Campaign	105
Figure 12-57: Pulp Duplicate Samples from the 2023 Drilling Campaign	106
Figure 12-58: Inspection of the Collar Coordinates	108
Figure 12-59: GRE's QP Geological Inspections in 2024, different views of Grass Valley Formation	109
Figure 12-60: GRE's QP Geological Inspections in 2024, Fault and Q-Veins in Grass Valley Formation	110
Figure 12-61: GRE's QP Geological Inspections in 2024, Grass Valley and Natchez Pass Formations	110
Figure 12-62: Visual Inspection of RC Holes FCM-0021 and FCM-0024	111
Figure 12-63: Core Storage and Core Logging in FCM's Facility at Lovelock, NV	112
Figure 12-64: Visual Inspection of Selected Intervals from Hole FCM-0500	114
Figure 12-65: Visual Inspection of Selected Intervals from Hole FCM-0452	115
Figure 12-66: Visual Inspection of Selected Intervals from Hole FCM-0438	118
Figure 12-67: Visual Inspection of Selected Intervals from Holes FCM-0081, FCM-0083, and FCM-0505	120
Figure 12-68: Hazen Assay Results on CRMs (Au)	123
Figure 12-69: Hazen Core Check Assay Results (Au)	124

Figure 13-2: Gold Recovery by Ore Source and Particle Size Over a Three-Year Period	129
Figure 14-1: Domain Codes and Locations	134
Figure 14-2: Cross Section Looking North Showing Classification of Block Model	137
Figure 14-3: Cross Section Looking North Showing Gold Grade Estimation in Block Model	138
Figure 14-4: Cross Section Looking North Showing Gold Grade Estimation in Block Model	139
Figure 14-5: Cross Section Looking North Showing Gold Grade Estimation in Block Model	140
Figure 14-6: Grade-Tonnage Sensitivity Curve for the Oxides	148
Figure 14-7: Grade-Tonnage Sensitivity Curve for the Sulfides	148
Figure 15-1: Open Pit Optimization Results at Incremental Gold Metal Price	152
Figure 15-2: Open Pit Final Limit Design	154
Figure 16-1: Phase 01 - Central Pit C1	159
Figure 16-2: Phase 02 - Central Pit C6	160
Figure 16-3: Phase 03 - Central Pit C7	161
Figure 16-4: Phase 04 - Jasperoid Pit J2	162
Figure 16-5: Phase 05 - North Pit N1	163
Figure 16-6: Phase 06 - North Pit N2	164
Figure 16-7: Phase 07 - North Pit N3	165
Figure 16-8: Phase 08 - Radio Tower Pit R1	166
Figure 16-9: Phase 09 - Radio Tower Pit R2	167
Figure 16-10: Phase 10 - Radio Tower Pit R3	168
Figure 16-11: Waste Rock Storage Facility	172
Figure 16-12: End of Year 2024 Site Plan	173
Figure 16-13: End of Year 2025 Site Plan	174
Figure 16-14: End of Year 2026 Site Plan	175
Figure 16-15: End of Year 2027 Site Plan	176
Figure 16-16: End of Year 2028 Site Plan	177
Figure 16-17: End of Year 2029 Site Plan	178
Figure 16-18: End of Year 2030 Site Plan	179
Figure 17-1: Gold Recovery Trend	184
Figure 18-1: Site General Arrangement	186
Figure 19-1: LBMA AM Fix gold price (daily)	191
Figure 20-1: Phase 2 Heap Leach Leak Detection System	197
Figure 22-1: Sensitivity Analysis	214

Florida Canyon Gold Mine	Page ix
Florida Canyon Gold Inc.	NI 43-101 Technical Report

Florida Canyon Gold Mine	Page x
Florida Canyon Gold Inc.	NI 43-101 Technical Report

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Florida Canyon Gold Inc.	NI 43-101 Technical Report

Table 1-1: Mineral Resource Statement - effective 31 December 2023	21
Table 1-2: Mineral Reserve Statement - effective 31 December 2023	22
Table 1-3: Capital Cost Estimate	25
Table 1-4: Operating Cost Estimates	25
Table 2-1: Contributing Authors	29
Table 6-1: Historic Mineral Resource Statements for Florida Canyon	39
Table 6-2: Historic Mineral Reserve Statements for Florida Canyon	40
Table 9-1: Summary of Exploration Sampling Exclusive of Drilling	48

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Florida Canyon Gold Inc.	NI 43-101 Technical Report

Table 10-1: Drill Hole Database - Florida Canyon Mine	52
Table 10-2: Core Recovery from 2020 to 2023	57
Table 10-3: Down-Hole Surveys (1981-2016)	58
Table 10-4: Down Hole Surveys (2017)	58
Table 10-5: Down-Hole Surveys (2020-2023)	59
Table 11-1: Pre Argonaut (QA/QC Programs Prior to 2017)	62
Table 11-2: Pre Argonaut (QA/QC Programs in 2017)	63
Table 11-3: List of Certified Reference Materials Used in the 2017 Drilling Program	63
Table 11-4: Argonaut (QA/QC Programs 2020-2023)	64
Table 11-5: List of Certified Reference Materials Used in the 2020-2023 Drilling Program	64
Table 12-1: Nearest Neighbor Test of 2017 Data vs All Previous Data	69
Table 12-2: DDH to RC Nearest Neighbor Comparison	70
Table 12-3: Collar Coordinates Inspections	107
Table 12-4: Visual Inspection of RC Sample Intervals	111
Table 12-5: Visual Inspection of Core Sample Intervals	112
Table 12-6: Check Samples Submitted to Hazen Labs	121
Table 12-7: Summary Table of Hazen Results with Original Assays	121
Table 13-1: Gold Recovery Equations by Source and Particle Size	128
Table 13-2: Annual summary of Ore and Ounces Placed, Modeled and Produced Ounces	129
Table 14-1: Basic Statistics of Fire Assays and 20-foot Composites Used for the LIK Estimation	131
Table 14-2: Model Location and Block Size	132
Table 14-3: Conversion Parameters for Florida Canyon Local Mine Grid to NAD 83 Zone 11	132
Table 14-4: Assay Intervals with Cyanide Soluble Assays Remaining as of Year End 2023	133
Table 14-5: Bulk Density Assignment	133
Table 14-6: Grade Estimation Parameters for OK Localizer Model	135
Table 14-7: Comparison of LIK Models to the Blasthole Block Model Showing Various FA/CN Conversion Ratios	141
Table 14-8: Comparison of LIK Model to the Ore Control Production Model for Ore Polygons Mined in 2023	143
Table 14-9: Comparison of LIK Model to the Ore Control Production Model for Ore Polygons Mined in 2024	144
Table 14-10: Pit Optimization Parameters for Determination of Mineral Resource	146
Table 14-11: Summary of Mineral Resources, Inclusive of Mineral Reserves - effective 31 December 2023	147
Table 15-1: Summary of Predictive Gold Recovery	151
Table 15-2:Open Pit COG Calculation Parameters	151
Table 15-3: Summary of Mineral Reserves - effective 31 December 2023	155
Table 16-1: Inter-Ramp Slope Design Criteria	157
Table 16-2: Open Pit Mine Ore Production Schedule	170
Table 16-3: Open Pit Mine Material Movement Schedule	170
Table 16-4: Mine Waste Rock Storage Facility Requirements and Capacities	171
Table 16-5: Current and Peak Principal Open Pit Mining Equipment Requirements	180
Table 17-1: Processing Equipment Used at FCM	183

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Florida Canyon Gold Inc.	NI 43-101 Technical Report

Table 17-2: Primary Reagent Consumptions and Rate for 2023.	183
Table 17-3: Consolidated Production Data for SHLP	184
Table 20-1: Current Permits for Florida Canyon	197
Table 20-2: FCM Water Rights	202
Table 21-1: Capital Costs Summary	208
Table 21-2: Operating Cost Summary	209
Table 21-3: Unit Operating Cost Summary	209
Table 22-1: Financial Analysis Summary	212
Table 22-2: Sensitivity Analysis	213
Table 25-1: Capital Cost Estimate	220
Table 25-2: Operating Cost Estimates	220

Argonaut	Argonaut Gold Inc.
FCGI	Florida Canyon Gold Inc.
FCM	Florida Canyon Mine
GRE	Global Resource Engineering, Ltd
NI-43101	Canadian Securities Administrators' National Instrument 43-101
CIM	Canadian Institute of Mining, Metallurgy and Petroleum
QP	Qualified Person
ROM	Run-of-Mine
WRSF	Waste Rock Storage Facility
BLM	U.S. Bureau of Land Management
RAB	Rotary Air Blast
RC	Reverse Circulation
CIC	Carbon-in-Column
AA	Atomic Adsorption Spectrometer
LIK	Localized Indicator Kriging
MIK	Mixed Indicator Kriging
Ok	Ordinary Kriging
VRF	Variance Reduction Factor
COG	Cut-off-Grade
FEL	Front-End Loaders
tpd	Tons per day (short)
tpa	Tons per year (short)
HLP	Heap Leach Pad
SHLP	South Heap Leach Pad
NHLP	North Heap Leach Pad
Asahi	Asahi Refining USA Inc.
NPV	Net Present Value
I-80	Interstate Highway I-80
StdM	Standard Mine
Alio	Alio Gold, Inc.

Florida Canyon Gold Mine	Page xiv
Florida Canyon Gold Inc.	NI 43-101 Technical Report

MDA	Mine Development Associates
IMC	Independent Mine Consultants
Cordex	Cordilleran Explorations
Montoro	Montoro Gold Company
Pegasus	Pegasus Gold Corporation
Nevoro	Nevoro Gold, Inc.
Apollo	Apollo Gold Corporation
Admiral	Admiral Financial Group
Rye Patch	Rye Patch Gold Corp
Homestake	Homestake Mining Company
DDH	Diamond Drill Holes
lb	Pound
lb/ton	Pounds per ton (short)
oz/ton	Ounces per ton (short)
oz	Ounces
RQD	Rock Quality Designation
IRD	International Directional Services
SRG	Surface Recoding Gyro
AAL	American Assay Labs
NDEP	Nevada Department of Environmental Protection
ppm	Parts per million
QA/QC	Quality Assurance / Quality Control
MEG	Moment Exploration Geochemistry
CRM	Certified Reference Material
KS	Komologov-Smirnoff
Hazen	Hazen Research Inc.
CNAA	Cyanide-Leach Atomic Absorption
AuAA	Cyanide Soluble Gold assay
AuFA	Gold Fire Assay
SMU	Selective Mining Unit
LOM	Life-of-Mine
Golder	Golder Associates Inc.
Barr	Barr Engineering Co.
UDCF	Undiscounted Cash Flow
DTH	Down-the-Hole
ADR	Adsorption, Desorption and Regeneration
PAG	Potentially Acid Generating
LBMA	London Bullion Market Association
PoO	Mine Plan of Operations
APO	Amended Plan of Operations
NEPA	National Environmental Policy Act
FONSI	Finding of No Significant Impact
DR	Decision Record

Florida Canyon Gold Mine	Page xv
Florida Canyon Gold Inc.	NI 43-101 Technical Report

WPCP	Water Pollution Control Permit
BMRR	Bureau of Regulations and Reclamation
FOAV	Findings of Alleged Violation
LDS	Leak Detections System
GPD	Gallons per day
HDPE	High-Density Polyethylene
SWPPP	Stormwater Pollution Prevention Plan
NDWR	Nevada Division of Water Resources
EA	Environmental Assessment
EIS	Environmental Impact Statement
BAPC	Bureau of Air Pollution control
BWPC	Bureau of Water Pollution control
BWM	Bureau of Waste Management
BSDW	Bureau of Safe Drinking Water
NDOW	Nevada Department of Wildlife
HAP	Hazardous Pollutants
ROW	Right of Way
SRCE	Nevada Standardized Reclamation Cost Estimator
CDC	Closure Diversion Channel
EMS	Environmental Management System
IRR	Internal Rate of Return
SAG	Semi-Autogenous Grinding

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Florida Canyon Gold Inc.	NI 43-101 Technical Report

Material	Class	Cut-off Grade (Gold oz/ton)	Tonnage (tons x 1000)	Gold Grade (oz/ton)	Contained Au (oz x 1000)
Oxides	Measured	0.0039 - 0.0046	-	-	-
Oxides	Indicated	0.0039 - 0.0046	93,036	0.0100	933
Sulfides	Measured	0.0162	-	-	-
Sulfides	Indicated	0.0162	-	-	-
Sub-Total	Measured & indicated	0.0039-0.0162	93,036	0.0100	933
Oxides	Inferred	0.0039 - 0.0046	40,067	0.0091	366
Sulfides	Inferred	0.0162	66,098	0.0281	1,854
Sub-Total	Inferred	0.0039-0.0162	106,165	0.0209	2,220
1. Mineral Resources are reported, using the 2014 CIM Definition Standards, with an effective date of 31 December 2023. The Qualified Person for the estimate is Ms. Terre Lane, MMSA QP, a GRE employee. 2. Mineral Resources are reported inclusive of those Mineral Resources converted to Mineral Reserves. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. 3. Mineral Resources are constrained within a conceptual open pit shell that uses the following assumptions: gold price of US$1,800/oz; gold recoveries ranging from 45% to 64% for oxides and 80% for sulfides; reference mining cost of $2.49/ton mined in-situ and $1.89/ton mined fill; processing cost of $4.51/ton processed for oxide crushed material and $2.42/ton processed for oxide ROM material; processing cost of $21.00/ton processed for sulfide material; general and administrative costs of $1.09/ton processed; treatment and refining costs of $6.57/oz Au recoverable; royalty of $88.00/oz Au recoverable, and pit slope overall angles ranging from 30-36°. 4. Mineral Resources are reported at a cut-off grade ranging from 0.0039 oz/ton to 0.0057 oz/ton for oxides and is 0.0162 oz/ton for sulfides. 5. Mineral Resources include a stockpile inventory of 1,206.9 ktons at an average grade of 0.0052 oz/ton and total contained gold of 6.22 koz. 6. Mineral Resources include heap leach inventory of 3,928.7 ktons at an average grade of 0.0101 oz/ton and total contained gold of 39.64 koz. 7. Numbers have been rounded and may not sum.