Idaho North Resources Completes Drill Program at the Eagleville Project
Today : Tuesday 27 January 2015
Idaho North Resources (“IDAH” or “the Company”) (OTCQB:IDAH) is pleased to announce drill results from its Eagleville project, Mineral County, Nevada, which has encountered significant gold mineralization in the first round of exploration drilling. A total of 3,735 feet of reverse circulation drilling was completed, comprising 11 holes. The objective of this drill program was to explore a newly identified orogenic-greenstone belt of rocks at the heart of the Eagleville Mining District for high grade gold-silver quartz veins and also skarn mineralization for disseminated gold.
Results from this initial drill program are encouraging. The table below reports significant intercepts from the 2014-15 exploration program:
Hole # From (ft) To (ft) Total Depth (ft) Thickness – ft (m) Gold – oz/ton (g/t) Remarks
EVDH – 1 110 120 200 10 (3.1) 0.010 (0.34)
EVDH – 2 0 20 250 20 (6.1) 0.023 (0.79)
EVDH – 3 10 20 370 10 (3.1) 0.022 (0.75)
EVDH – 5 360 370 585 10 (3.1) 0.081 (2.77) Inc. 5’ @ 0.148 (5.07)
EVDH – 6 330 340 475 10 (3.1) 0.057 (1.95) Inc. 5’ @ 0.110 (3.77)
370 375 5 (1.5) 0.040 (1.37)
EVDH – 8 165 170 385 5 (1.5) 0.017 (0.58)
Gold values as high as 0.148 ounces/ton were intersected, which is significant considering this is the first and earliest phase of our exploration drill program. Furthermore, the majority of highly prospective geological terrain at Eagleville remains completely unexplored, including areas where substantial historic mining occurred.
Idaho North’s President and CEO, Mark Fralich, remarked, “The Company feels that the assay results from this first pass drill program at Eagleville are quite successful since gold grades in excess of one tenth of an ounce per ton were encountered in more than one drill hole. We are currently conducting a detailed analysis of the geology and mineralization from our drill samples in order to better define high grade gold targets for our next round of exploration drilling.”
The Eagleville project encompasses a historically producing precious metals property with 8,000 feet of accessible underground workings along with many remaining untested underground and open pit targets. The nearby privately owned and operating Denton-Rawhide Mine, with historic production of 1.5 million ounces of gold and 11 million ounces of silver, demonstrates the district potential and one of several possible exploration objectives at Eagleville. The project is also situated in the vicinity of the Paradise Peak Mine that produced 1.6 million ounces of gold and 22 million ounces of silver from 1986 to 1994. Idaho North’s Eagleville property continues to have excellent potential to host a world-class precious metal deposit.
Tom Callicrate, Professional Geologist, is the company’s nominated qualified person responsible for monitoring the supervision and quality control of the programs completed on the Company’s properties. Mr. Callicrate has reviewed and verified the technical information contained in this news release.
