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Idaho Strategic Resources Inc IDR

Metals & Mining Industrial Metals & Minerals
Idaho Strategic Resources, Inc. is engaged in the business of exploring for, developing, and extracting gold, and to a lesser extent, silver, and base metal mineral resources in the Greater Coeur d’Alene Mining District of North Idaho. It produces gold at the Golden Chest, located in the Murray Gold Belt area of the Coeur d’Alene Mining District, north of the prolific Silver Valley. It conducts its surface and underground mining operations at its 100 % owned Golden Chest Mine and conducts milling operations at its New Jersey Mill. The Golden Chest Mine is the Company’s only production stage mine and comprises an underground mine, an open pit mine, and an exploration property located about 1.5 miles east of Murray, Idaho and includes 86 patented mining claims (1,322 acres) and 217 unpatented claims. The New Jersey Mill is a fully permitted, 360-tonne per day, flotation mill and concentrate leach plant located two miles east of Kellogg, Idaho, in the Coeur d’Alene Mining District.


NYSEAM:IDR - Post by User

Idaho Strategic Resources Inc
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Post by AndrewC2on Dec 21, 2010 8:58am
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Post# 17874890

Golden Chest LLC

Golden Chest LLC
Thank you dwyoming for posting the news about the formation of this new entity, owned equally by Marathon Gold USA and NJMC. There is a lot of detail in the release, and I would welcome any comments that you (or any other helpful person) may have on this new development and the drilling plans. Certainly it has given the share price a very welcome jolt upwards.

I also wonder if you have had any more to add to your comment in September about the June drill hole:
"Sounds like we will have to wait a while longer to get an assessment of just what the June drill hole found.  Since the company has its own drill they should be able to poke a few holes in the direction of the new find from relatively short distance as soon as they clear a spot big enough to work from underground."

Seasonal greetings to all.

AndrewC2




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