Idaho North Resources Receives Drilling Permits for Its Eagleville Gold-Silver Project
COEUR D'ALENE, Idaho--(BUSINESS WIRE)--Idaho North Resources (OTCQB:IDAH) (“IDAH” or “the Company”) today announced the receipt of drilling permits from the U.S. Bureau of Land Management (BLM) for its Eagleville gold-silver project along the Walker Lane Mineral Belt of south-central Nevada.
IDAH’s initial 14-hole, 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 high grade gold-silver quartz veins known to be present on the property. The program will also target skarn mineralization for disseminated gold. Harris Exploration Drilling and Associates Inc. of Fallon, Nevada, has been contracted to perform the program which is scheduled to begin this fall.
The Eagleville project encompasses 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. IDAH’s Eagleville property has excellent potential to host a world-class gold-silver deposit.
IDAH Director Toby Mancuso commented, “The Rawhide Mining District, including Eagleville, has a long and prolific history of gold and silver mining. The process for obtaining drill permits was therefore relatively simple because of past mining activities and no environmental issues. We look forward to initiating our first drill program at this highly prospective and exciting property.” Mr. Mancuso was Chief Geologist at the Rawhide Mine, directly involved in its start-up in 1989. He has extensive knowledge of District geology and its mineral potential.
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.