Idaho Strategic receives grant funding to support Golden Chest upgrades

Idaho Strategic Resources announced that its joint application with Shoshone County and the support of Avista Utilities to Idaho’s Rural Community Investment Fund was awarded the maximum $430,000 allowable toward upgrades to public power infrastructure for the benefit of the unincorporated town of Murray, Idaho and Idaho Strategic’s Golden Chest Mine, among others. The power infrastructure upgrade is expected to provide enough power to the Golden Chest Mine to service the planned addition of a paste backfill system and increased mine development efforts. Additionally, the power infrastructure upgrades are expected to benefit the surrounding communities of Murray and Prichard, as well as the rural residents who live along the nearly 23 line-miles of planned upgrades between Wallace and Murray. Site preparations for construction of the paste backfill plant are complete, and construction activities are expected to begin later this summer and continue through the fall. The paste backfill plant and power upgrade are two key steps along the way to potentially building out a new mill in the Murray Gold Belt to facilitate future exploration and expansion activities on a district scale.