Greater than 4% Total Rare Earth Oxides Located At Lemhi Pass

COEUR D'ALENE, ID - Idaho Strategic Resources announced the locating of surface outcrops with greater than 4% Total Rare Earth Oxides (TREO's) during its 2022 exploration program at Lemhi Pass. In the well-studied Lemhi Pass District, previous state and federal agency work have shown maximum REE assay values as high as 2%. These new IDR sample results are significant because they essentially double the previously known upper end of assay values as published in the USGS, IGS and other references. These latest assays lend validation to our company belief that the Lemhi Pass District is largely underexplored for REE's; since their discovery in the district was ancillary, to the government's search for nuclear related fuels in the 1950's.

Vice President of Exploration, Rob Morgan said, "Lemhi Pass continues to impress us. It is very encouraging to see samples having half of their total rare earth element content coming from neodymium; located in similar geological settings and covering 1.5 miles in length. Many of our prospects in the area lie on or near the Lemhi Pass Fault, which suggests the district may have some REE mineral zonation associated with this regionally significant fault."