Acquisition Of The Toboggan Project

COEUR D’ALENE, ID – Idaho Strategic Resources (IDR) has acquired the Toboggan project from Hecla Silver Valley, Inc., a wholly owned subsidiary of Hecla Mining Company.
The Toboggan project is located in the Murray Gold Belt in northern Idaho, approximately three miles north of IDR’s Golden Chest Mine. The land package comprises 143.5 acres of patented mining claims known as the Little Baldy prospect, and numerous adjacent unpatented mineral claims containing other prospects.
Past explorat
Rob Morgan, VP Exploration, said, “I am very familiar with the Toboggan project, first with Newmont and now with IDR. Finding and developing orogenic high-grade narrow gold veins is IDR’s specialty and with more resources at our disposal than at any other time in our Company’s history, I am excited to unite the two major portions of the Murray Gold Belt in one company for the first time ever. Our team will be evaluating any new data and formulating further exploration targets within the Toboggan project. The land package and geology are familiar to us, with similar host rocks and faulting. Given our operating mine and on-site geology staff championing the project, IDR is best suited to adequately and thoroughly evaluate the potential of this impressive land package.”