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Idaho Strategic Resources Extends Strike Length of High-Grade Mineralization at its Mineral Hill Rare Earth Elements Project - Provides Broader REE Update
COEUR D'ALENE, ID / ACCESSWIRE / October 18, 2023 / Idaho Strategic Resources, Inc. (NYSE American:IDR) ("IDR", "Idaho Strategic" or the "Company") is pleased t
About this update from Idaho Strategic Resources, Inc.
[{"type":"text","content":" COEUR D'ALENE, ID / ACCESSWIRE / October 18, 2023 / Idaho Strategic Resources, Inc. (NYSE American:IDR) (\"IDR\", \"Idaho Strategic\" or the \"Company\") is pleased to announce the extension of high-grade mineralization at its Mineral Hill rare earth elements (REE) project. The Company is also pleased to report on the progress made at each of its Idaho REE projects and discusses the Company's partnerships and potential opportunities. Mineral Hill REE Project Over the course of the 2023 rare earth elements geology field season, Idaho Strategic achieved several milestones and laid the foundation for continued success. In addition to sampling greater than 23% total rare earth elements (TREE) at the Company's Mineral Hill Project, IDR geologists have thus far traced that mineralization for over 0.5 miles of strike length, utilizing the Company's X-Ray Fluorescence (XRF) machine to confirm the continuity and possibly build upon this already impressive REE grade and composition. The Mineral Hill Project is made up of several prospects: Roberts, Phyllis Gross, and Lower Lee Buck. The Roberts prospect's 0.5-mile seam hosts a continuous 1,500-foot carbonatite with thicknesses up to 10 feet, and locally contains assay grades in excess of 23% TREE. IDR geologists have reason to believe recent samples sent to the lab for analysis may very well exceed the previous TREE grades of 23%. IDR's sampling at Lower Lee Buck returned TREE grades of up to 10%. The Phyllis Gross area, located between the Roberts and Lee Buck prospects, indicates remarkable carbonatite activity and was controlled by one family and largely left unevaluated for over 75 years prior to IDR's ownership. Detailed geological mapping of the high-grade REE seam at the Roberts prospect in preparation for drill permitting is ongoing and this season's mapping has led to additional carbonatite discoveries identified throughout the Company's broader Mineral Hill project. Lemhi Pass REE Project Simultaneous with the Company's work at its Mineral Hill Project, IDR began the first trenching program at its expansive Lemhi Pass Project with the goal of better understanding its structural geology and undertaking the sampling of prospective and known areas of REE mineralization. The Lemhi Pass Project is made up of numerous prospects spread across 10 square miles and this season IDR commen...