Idaho Strategic announces discovery of carbonatite at Lemhi Pass

Idaho Strategic (IDR) Resources announced the discovery of a carbonatite with strong rare earth elements mineralization at the Lucky Horseshoe prospect within the Company’s Lemhi Pass project. Idaho Strategic’s VP of Exploration, Rob Morgan commented, “We are very encouraged by these strong results from our newly discovered carbonatite at the Lucky Horseshoe prospect. The high-grade assay results, the consistency of the magnet rare earth element ratio at 65%, and the SEG ratio at 11% has the same geochemical signature as the previously reported trench samples from the nearby In-Trust prospect. This has led to a reinterpretation of the mineralization at Lemhi Pass. At the In-Trust prospect, previously recognized faults/veins observed in the In-Trust trenches are now interpreted as deeply weathered carbonatite dikes. These carbonatite dikes are associated with a shear zone showing mylonitic textures and most importantly bears primary K-spar crystals indicative of an igneous origin. Given the recent geologic reinterpretation, we believe this discovery marks the beginning of other possible REE carbonatite discoveries at Lemhi Pass.”