Idaho Strategic Resources (IDR) reported high‑grade drill results from its 2025 summer program at the Golden Chest Mine, including a 15.53 gpt gold intercept over 4.3 m in hole GC 25‑336W and additional high‑grade intercepts of 20.00 gpt over 1.5 m in GC 25‑335 and 16.70 gpt over 1.0 m in GC 25‑330A. These results reinforce the company’s confidence that the Paymaster shoot, located roughly 168 m south of existing underground workings, remains open down‑dip and along strike, and they provide a strong basis for expanding the Paymaster resource and boosting future gold production.
The intercepts are among the highest grades recorded in the Golden Chest Mine’s recent drilling history, underscoring the narrow‑vein, high‑grade nature of the Paymaster zone. While the company has not yet released a formal resource update, the data confirm that the Paymaster shoot continues to host high‑grade mineralization that could be economically viable once fully delineated.
IDR’s management highlighted that the results are a direct outcome of its production‑backed exploration model, in which cash generated from the mine funds further drilling and resource definition. CEO John Swallow said, ‘These latest Paymaster drill results underscore the potential of the Golden Chest Mine and our team’s ability to continue to identify and delineate high‑grade narrow vein resources near our existing underground workings. Our production‑backed exploration business model is functioning as designed and it is always rewarding to see the increased investment in exploration lead to the discovery and delineation of additional mineable ounces.’
The company plans to publish updated resource calculations in the first quarter of 2026 and will continue infill drilling through the winter. The high‑grade intercepts support the potential to expand the Paymaster resource, which could translate into higher gold output and a stronger cash‑flow base for future exploration and development, including the company’s rare‑earth element projects in central Idaho.
Gold prices remain favorable, and the Golden Chest Mine is Idaho’s only producing hard‑rock gold mine, providing a stable revenue stream that underpins IDR’s exploration strategy. The Paymaster shoot’s proximity to existing underground infrastructure reduces the capital and time required to bring new ounces online, positioning IDR to capitalize on the current market environment while maintaining a diversified portfolio that includes critical‑minerals assets.
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