Production-Based Drilling At The Golden Chest Gold Mine

COEUR D'ALENE, ID - Idaho Strategic Resources, Inc. announced the commencement of its drill program and initial high-grade intercepts at the Company's Golden Chest gold mine. This drill program is designed to target both the H-Vein and the Idaho Vein at-depth below the current underground workings.

The high-grade drill intercepts from the first hole drilled (GC 23-233) and estimated to be approximately 20 meters below the Company's actively mined stopes on the H-Vein. Assay results from the H-Vein intercepts indicate 2.24 meters (m) at 18.7 grams per tonne (gpt) gold which is inclusive of 1.31 m at 28.0 gpt gold, reported in true thickness.

VP of Exploration, Rob Morgan, said, "These are some of the best intercepts we have ever seen in the H-Vein. My first thought after receiving the results from the lab was that our stakeholders would appreciate hearing about these intercepts. Not only are they impressive, but they are also below our current operations, and we look forward to mining these ounces within the next year. In addition to the H-Vein providing the bulk of our current production, the hangingwall geology is being studied for the possibility of other similar veins nearby."

The H-Vein is located in the hangingwall of the Idaho Fault, which is why it is referred to as the H-Vein. Previous drilling by IDR identified this vein zone when drilling for targets along the Idaho Vein. The H-Vein system consists of both banded quartz vein, and the adjacent silica-flooded zone. The banded vein exhibits abundant visible gold with associated pyrite, galena, chalcopyrite, and sphalerite. Initial production from the H-Vein began in April 2023 and the Company has continued to prioritize production from this area while simultaneously filling-in with production from the Idaho Vein as backfill cycles and mine development allow. Idaho Strategic plans to complete a 12-hole drill program at the Golden Chest mine this fall season. The goal of this drill plan is to add immediate ounces ahead of the Company's current mine production, where existing infrastructure and support is readily available and/or already in-place.