Business
Idaho Strategic Resources Provides Exploration and Development Update - Spanning its Entire Asset Base
COEUR D'ALENE, IDAHO / ACCESS Newswire / June 25, 2025 / Idaho Strategic Resources (NYSE American:IDR) ("IDR" or the "Company") is pleased to share an update on
About this update from Idaho Strategic Resources, Inc.
[{"type":"text","content":" COEUR D'ALENE, IDAHO / ACCESS Newswire / June 25, 2025 / Idaho Strategic Resources (NYSE American:IDR) (\"IDR\" or the \"Company\") is pleased to share an update on exploration and development activities across its extensive portfolio of precious metals and critical minerals projects. John Swallow, President and CEO of Idaho Strategic Resources commented, \"With our annual meeting this Monday, increased activity around the Russell reconstitution, and production moving as expected- by almost any measure the breadth of activity underway at IDR is impressive. We have spent many years building the gold production side of the Company's business plan while also building an asset base, strong balance sheet and share structure to not only capitalize on today but have the flexibility to strategically position for what comes next. With the help of solid gold grades, a strong gold price and being a producing gold company, IDR finds itself in a position to invest in the exploration side of its business plan like never before. For the first time ever, we are testing drill targets and advancing exploration plans across the entirety of our extensive property portfolio. Below is an overview of our multi-tiered exploration and development activities thus far in 2025:\" Precious Metals Golden Chest Mine: The Golden Chest continues to be the busiest of the Company's assets. In addition to production as usual, 2025 has seen a significant increase in the amount of exploration and development work on-site. On the development front, the Company is continuing with the buildout of the paste backfill system and its plans for the new Murray Mill (Figures 1 & 2). The second quarter saw the completion of four bore holes drilled from the surface into the existing underground infrastructure to facilitate the eventual pumping of paste underground for backfilling stopes, additional equipment purchases were made as a part of the Company's Murray Mill plans, and construction began on a new storage building located between the Company's existing core shed and the mechanic's shop (Figures 3 & 4). Additionally, late in the second quarter, Small Mines Development (\"SMD\") was mobilized to develop two underground drill stations in the northern part of the Golden Chest Mine. The two drill stations are necessary for better drilling orientations of the Red Star...