These recent results come from drill holes GC 21-208 and GC 21-209 in the Klondike area, located north of current underground operations in the Skookum.
These latest intercept highlights below are reported in grams of gold per tonne (g/t) and in drilled thickness, as vein orientations have yet to be determined.
GC 21-208
20.66 g/t gold over 1.3 meters from 184.8 to 186.1 m
29.64 g/t gold over 2.7 meters from 213.8 to 216.5 m
Includes 793 g/t Au (2nd highest grade drill intercept at GC) sample over 0.1m
GC 21-209
1.06 g/t gold over 50 meters from 186.0 to 236 m including the following higher-grade intervals: Includes 4.79 g/t gold over 7.3 meters from 190.6 to 197.9 m
Includes 8.54 g/t gold over 2.6 meters from 195.3 to 197.9 m
10.72 g/t gold over 2.2 meters from 258.3 to 260.5 m
Drillhole GC 21-208 is the last hole drilled from the first pad in the Klondike area, whereas GC 21-209 is located on a separate pad approximately 50 meters south of this previous drilling. The high-grade intervals are anchored by widespread sections of low-grade gold mineralization. The high-grade intervals are highlighted by the 793 g/t Au sample over 0.1 m in hole GC 21-208, as shown by the easily visible gold contained in quartz veinlets. In contrast, gold mineralization is more widespread and continuous in drillhole GC 21-209 which exposed 1.06 g/t Au over 50 meters. These areas of widespread gold mineralization are associated with strong silicification and hornfels alteration.
The IDR drillers have kept the company-owned core drill turning in the Klondike area through fall and early winter due to these superlative drill results. To date, drillholes completed in the Klondike area are GC 21-203 (273m), GC 21-204 (276m), GC 21-205 (281m), GC 21-206 (lost at 49m), GC 21-207 (271m), GC 21-208 (294m) and GC 21-209 (323m). Thus far, this drilling has delineated a mineralized body with 100 meters of strike and 100 meters of dip with varying thicknesses - and it continues to expand with each additional drill hole.
Discovering this new zone of mineralization in the Klondike area is only one of the highlights of our very successful 2021 Golden Chest drill program. We are currently finishing Klondike hole (GC 21-210) and additional holes are planned in this area. The focus of our drilling remains mineral resource expansion in concert with planning production options to access, develop and extract this new gold resource area. Our 2022 Golden Chest exploration drill program includes more step-out drill holes in order to build from the impressive drilling and exploration accomplishments of 2021.
NJMC's Vice President of Exploration,
About
Domiciled in
In addition to gold and gold production, the Company maintains an important strategic presence in the
With an impressive mix of experience and dedication, the folks at IDR maintain a long-standing 'We Live Here' approach to corporate culture, land management, and historic preservation. Furthermore, it is our belief that successful operations begin with the heightened responsibility that only local oversight and a community mindset can provide. Its 'everyone goes home at night' policy would not be possible without the multi-generational base of local exploration, drilling, mining, milling, and business professionals that reside in and near the communities of the
Forward Looking Statements
This release contains 'forward-looking statements' within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended that are intended to be covered by the safe harbor created by such sections. Such statements are based on good faith assumptions that
Readers are cautioned not to put undue reliance on forward-looking statements.
Contact:
Tel: (208) 625-9001
Email: monique@idahostrategic.com
Web: www.idahostrategic.com
(C) 2022 Electronic News Publishing, source