Drilling Extends Klondike Zone With High Grade Intercepts

COEUR D'ALENE, ID - Idaho Strategic Resources, Inc. reported the latest exploration results from the 2021 drill program at the Golden Chest mine. These recent results come from drill holes GC 21-208 and GC 21-209 in the Klondike area, located north of current underground operations in the Skookum.

These latest intercept highlights are reported in grams of gold per tonne (g/t) and in drilled thickness, as vein orientations have yet to be determined.

GC 21-208: 20.66 g/t gold over 1.3 meters from 184.8 to 186.1 m; 29.64 g/t gold over 2.7 meters from 213.8 to 216.5 m, and includes 793 g/t Au (2nd highest grade drill intercept at GC) sample over 0.1m.

GC 21-209: 1.06 g/t gold over 50 meters from 186.0 to 236 m including the following higher-grade intervals, includes 4.79 g/t gold over 7.3 meters from 190.6 to 197.9 m, and includes 8.54 g/t gold over 2.6 meters from 195.3 to197.9 m;10.72 g/t gold over 2.2 meters from 258.3 to 260.5 m.

Drillhole GC 21-208 is the last hole drilled from the first pad in the Klondike area, whereas GC 21-209 is located on a separate pad approximately 50 meters south of this previous drilling. The high-grade intervals are anchored by widespread sections of low-grade gold mineralization. The high-grade intervals are highlighted by the 793 g/t Au sample over 0.1 m in hole GC 21-208, as shown by the easily visible gold contained in quartz veinlets. In contrast, gold mineralization is more widespread and continuous in drillhole GC 21-209 which exposed 1.06 g/t Au over 50 meters. These areas of widespread gold mineralization are associated with strong silicification and hornfels alteration.

The IDR drillers have kept the company-owned core drill turning in the Klondike area through fall and early winter due to these superlative drill results. To date, drillholes completed in the Klondike area are GC 21-203 (273m), GC 21-204 (276m), GC 21-205 (281m), GC 21-206 (lost at 49m), GC 21-207 (271m), GC 21-208 (294m) and GC 21-209 (323m). Thus far, this drilling has delineated a mineralized body with 100 meters of strike and 100 meters of dip with varying thicknesses - and it continues to expand with each additional drill hole.

Discovering this new zone of mineralization in the Klondike area is only one of the highlights of our very successful 2021 Golden Chest drill program. We are currently finishing Klondike hole (GC 21-210) and additional holes are planned in this area. The focus of our drilling remains mineral resource expansion in concert with planning production options to access, develop and extract this new gold resource area. Our 2022 Golden Chest exploration drill program includes more step-out drill holes in order to build from the impressive drilling and exploration accomplishments of 2021.

Vice President of Exploration, Rob Morgan, said, "It feels like are walking into something big and may be on the cusp of a great discovery. Our drilling has demonstrated that the gold is there, and the intercepts seem to get better with each new hole. Even for a high-grade orogenic deposit like ours, to see assays exceeding 100 g/t gold are remarkable and to have grades of 793 g/t, or almost 25 ounces per ton, is amazing. We need to add drill holes on the east (up dip), west (down dip) and to the south along strike, however the results to date are impressive. Of course, there remains much more drilling to do to further refine this mineralized body, but I see that as a good problem to have."