Idaho North Resources and Coeur Mining Announce the Start of Drilling at the Klondyke Property, Esmeralda County, Nevada
December 05 2016 - 12:55PM
Business Wire
Idaho North Resources (OTC:IDAH) (“IDAH” or the “Company”) in
conjunction with Coeur Mining, Inc. (NYSE:CDE, “Coeur”) today
announced the beginning of a drill campaign at the Klondyke
property in Esmeralda County, Nevada. Coeur Mining and Idaho North
will immediately commence a drill program of 22 reverse circulation
drill holes with an aggregate footage of 6000 feet (2000
meters).
The Company has an Exploration Program Agreement with Coeur
Mining under which Coeur will fund, and have exclusive earn-in
rights to certain Company properties such as the Klondyke claims.
(For more details, please see the IDAH press release dated October
2, 2014 at www.idahonorthresources.com.)
The Klondyke property is located approximately 10 miles south of
the historic silver district of Tonopah, Nevada within the prolific
Walker Lane Structural Zone.
The northern portion of the Klondyke District, much like the
region surrounding it, is characterized by exposures of Tertiary
volcanic and sedimentary rocks hosting low-sulfidation, epithermal
gold-silver mineralization. Target models include the Midas,
Midway, Goldfields, Tonopah, Hasbrouck, Three Hills, and Round
Mountain type systems.
In the central portion of the Klondyke District, silver-base
metal mineralization is hosted in Cambrian and Paleozoic carbonate
rocks intruded by various intrusive stocks, dikes, and sills.
Mineralization target models in this part of the district include
mesothermal quartz veins, supergene silver bodies, and possible
much larger, concealed gold-silver-copper-lead porphyry
systems.
ABOUT IDAHO NORTH RESOURCES
Idaho North Resources is a U.S. based junior company exploring
for gold, silver, and alternative energy sources. The Company has
an Exploration Program Agreement with Coeur Mining which Coeur will
fund, and have exclusive earn-in rights to certain of the Company’s
properties. The Company also has a 50/50 business alliance
agreement with the Lithium Corporation for the acquisition of
Lithium properties in the state of Nevada. In addition, the Company
also recently optioned the high-grade Lone Jack Gold Mine property
in northeastern Washington.
About Coeur
Coeur Mining, Inc. (“Coeur Mining”) is a well-diversified,
growing precious metals producer with five precious metals mines in
the Americas employing approximately 2,000 people. Coeur produces
from its wholly owned operations: the Palmarejo silver-gold complex
in Mexico, the Rochester silver-gold mine in Nevada, the Kensington
gold mine in Alaska, the Wharf gold mine in South Dakota, and the
San Bartolomé silver mine in Bolivia. Coeur Mining also has a
non-operating interest in the Endeavor mine in Australia as well as
a royalty interest in Ecuador. In addition, Coeur Mining has two
silver-gold exploration stage projects - the La Preciosa project in
Mexico and the Joaquin project in Argentina. Coeur Mining conducts
ongoing exploration activities in Alaska, Nevada, South Dakota,
Wyoming and Mexico.
This press release was prepared under the supervision and review
of Lane Griffin, a Registered Member of the Society for Mining,
Metallurgy and Exploration, a Licensed Geologist, and a Qualified
Person as defined in NI 43-101 and has verified the technical
information contained within as valid and authentic.
Cautionary Statement
Except for the historical information contained herein, certain
matters discussed in this press release are forward-looking
statements which involve risks and uncertainties. These
statements are based on expectations and assumptions as of the date
of this press release and are subject to numerous risks and
uncertainties which could cause actual results to differ materially
from those described in the forward-looking
statements. Forward-looking statements can be identified by
the use of forward-looking language, such as the words “plan,”
“believe,” “expect,” “intend,” “estimate,” “may,” “will,” “would,”
“could,” “should,” or “scheduled to” or other variations of these
terms. Forward-looking statements address activities or
developments that the Company anticipates will or may occur in the
future, and are based on current expectations and
assumptions. Although management believes that its
expectations are based on reasonable assumptions, it can give no
assurance that these expectations will prove correct.
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version on businesswire.com: http://www.businesswire.com/news/home/20161205006032/en/
Idaho North ResourcesLane A. Griffin, PresidentCell:
206-790-3346info@idahonorthresources.com
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