We will have the Idaho North Resources President and CEO Mark Fralich on a daily editorial Friday. If you have any specific questions you would like addressed please leave your question in the comment section below.
COEUR D’ALENE, Idaho, Jun 18, 2014 (BUSINESS WIRE) — Idaho North Resources (otcqb:IDAH) (“INR” or “the Company”) today announced preparations for drilling at its Eagleville gold-silver project along the Walker Lane Mineral Belt of south-central Nevada.
INR’s initial 5,000-foot reverse-circulation drill program will target a newly identified orogenic-greenstone belt of rocks at the heart of the Eagleville Mining District for gold-silver quartz veins known to be present on the property. The program will also target skarn mineralization for disseminated gold. Drill hole location is nearly complete and routine permitting with the U.S. Bureau of Land Management (BLM) is underway in anticipation of drilling by late-summer.
The Eagleville project covers an historically producing property with 8,000 feet of underground workings, many of which are accessible, and several untested underground and open pit targets. The nearby Denton-Rawhide Mine, with historic production of 1.5-million ounces of gold and 11-million ounces of silver, demonstrates the district potential and one of several possible exploration objectives at Eagleville. INR’s Eagleville property has excellent potential to host a world-class gold-silver deposit.
High-grade, free-gold mineralization is hosted along a series of northwest striking, en echelon quartz-pyrite veins that were historically mined at a 3-foot average width from surface to more than 400 feet down-dip by continuous stoping on 50-foot levels. Eagleville also hosts northeast trending silver-lead-barite vein zones from which high-purity barite was mined in the 1930s.
There are at least seven gold-bearing veins within the historic workings at Eagleville. In modern times, the property has been explored by Duval Corp, Phelps Dodge, Echo Bay, Romarco, Terraco, Nevoro, and Golden Predator, generating geologic, geophysical, and assay data that was never comprehensively compiled and interpreted until recently by INR.
Drilling at Eagleville in recent years has intercepted several zones of ore-grade gold and silver mineralization including highlights of 52.5 feet of 0.019 ounces per ton (opt) gold, 40 feet of 0.021 opt gold, and 1.3 feet of 1.13 opt gold and 0.5 opt silver. High-grade rock chip samples have assayed up to 1.71 opt gold and 68.8 opt silver.
About Idaho North Resources
Idaho North Resources is a U.S. based junior company exploring for gold, silver, and base metals in Nevada. The Company has long-term lease options on the Eagleville gold/silver project south of Fallon, Nevada and the Klondike and Divide silver/gold projects near Tonopah, Nevada. Idaho North Resources is listed on the OTCQB under the symbol IDAH.
This news release contains certain forward-looking statements within the meaning of the Federal Securities Laws. Such statements are based on assumptions that the Company believes are reasonable but which are subject to a wide range of uncertainties and business risks. There are many factors that could cause actual results to differ from those anticipated.
SOURCE: Idaho North Resources
Idaho North Resources
Mark A. Fralich, 509-928-7604
Cell: 503-313-2586
President
mafralich@gmail.com
info@idahonorthresources.com
www.idahonorthresources.com