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.

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Idaho Strategic Resources Inc

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Post by AndrewC2on Dec 06, 2011 5:13am

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Update on Golden Chest drilling

New Jersey Mining Company Intersects 4.59 g/t Gold Over 18.1 Meters at the Golden Chest Mine

KELLOGG, Idaho, Dec. 5, 2011 (GLOBE NEWSWIRE) -- New Jersey Mining Company (OTCBB:/au.finance.yahoo.com/q?s=njmc.pk">NJMC.PK - News) is pleased to announce the drill intercept of 18.1 meters of 4.59 g/t gold (true thickness) in drill hole GC 11-63 from a core drilling program underway at the Golden Chest mine in Murray, Idaho. The Golden Chest is owned 50% by NJMC and 50% by Marathon Gold Corporation (TSX:MOZ.TO - News) and NJMC is the operator.

/www.globenewswire.com/newsroom/ti?nf=MTQ1IzIzOTkyOSM0MzQw" o:spid="_x0000_i1025">Grant Brackebusch, Vice President
Phone: 1.208.783.1032
Email: ir@newjerseymining.com
Website:/www.newjerseymining.com"> www.newjerseymining.com