COEUR D’ALENE, Idaho--(BUSINESS WIRE)--Idaho North Resources (OTCQB:IDAH) project of current focus is the Eagleville Property located approximately 55 miles southeast of Fallon, NV, in Mineral County, Nevada, adjacent to the Rawhide gold-silver deposit. The Eagleville Project consists of 72 unpatented mining claims situated in the eastern portion of the Rawhide Mining District along the northeastern main bounding structure of the Walker Lane Structural Belt.
The property covers a widespread area of vein mineralization associated with a mesothermal, gold-silver-barite system hosted in metavolcanic and metasediment of the Excelsior Formation. The precious metal mineralization is localized by several felsic to mafic, intrusive dike, sill and stock phases. Numerous historic mine workings have explored and produced high-grade gold and silver from at least five separate, en echelon quartz veins. All core and reverse circulation drill holes have intercepted anomalous to ore-grade gold mineralization. Recent review of the past drilling has also identified broad areas of low-grade gold and silver mineralization presenting bulk tonnage, disseminated, open pit targets.
Idaho North Resources President and CEO Mark Fralich comments, “The Company is currently designing a drill program to develop a near-term, underground, minable deposit along the Golden Gate Vein Zone. We are excited to advance Eagleville towards a producing project.” Drilling will target the shallow mineralization identified in the underground sampling with assays up to 3.05 opt. gold and 29.9 opt silver. In addition to drilling the vein zones, Idaho North Resources will explore the numerous, high-grade gold and silver, surface rock chip samples assaying between 0.5 to 1.71 opt gold and 17.3 to 68.8 opt silver.
Idaho North Resources corporate strategy is to advance the Eagleville Property to an underground gold-silver producing project, as well as discovering a world-class, open pit precious metal deposit on the property.
For more information, visit our website at www.idahonorthresources.com under the “Projects area” for Eagleville.
About Idaho North Resources
Idaho North Resources is a U.S. based junior company exploring for gold, silver, and base metal resources in Nevada and Idaho. The Company has long-term lease options on the Eagleville gold/silver project south of Fallon, Nevada and the Klondike North and Divide silver/gold projects near Tonopah, Nevada. Idaho North Resources is listed on the OTC.QB 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.