Idaho Strategic Acquires Toboggan Project, Expands Murray Gold Belt Holdings

Idaho Strategic Resources, Inc. has acquired the Toboggan project from Hecla Silver Valley, Inc., a subsidiary of Hecla Mining Company. Located in the Murray Gold Belt, Idaho, the project covers 143.5 acres of patented claims, plus numerous unpatented mineral claims. This acquisition unites major components of the district, enhancing exploration potential.

Rob Morgan, VP Exploration, expressed enthusiasm for the project. He highlighted the history of gold, silver, and tellurium exploration by companies like Newmont. Despite past constraints, Idaho Strategic aims to explore untested prospects in the area.

The acquisition terms involve a $300,000 payment to Hecla and a 1% net smelter royalty on certain portions of the project. Idaho Strategic's President, John Swallow, anticipates advancing the project with their experienced team.