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COEUR D’ALENE, Idaho–(BUSINESS WIRE)–Idaho North Resources (OTCQB:IDAH) (“IDAH” or “the Company”) appear today that it has active an Analysis and Mining Charter with Option to Acquirement Agreement (“the Agreement”) for the Green Monster gold-silver acreage in Nye County, Nevada.



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The Green Monster acreage is amid forth the anew articular Monitor-Eureka Mineral Belt and includes three abstracted ambition areas aural two audible adored metals systems. The Main and Wagon zones lie aural a sediment-hosted “Carlin type” gold system, while the Dry Creek Zone represents a volcanic-hosted, caldera allowance “Round Mountain type” gold-silver system.

Previous operators including Chevron, Placer Dome, Electrum Resources, AuEx Inc. and Eldorado Gold completed several actor dollars of analysis and conduct over the aftermost several decades, including 107 bank assignment holes. The aggregate of analysis was conducted by Placer Dome in the 1980s and that abstracts is not currently available. The best assignment intercepts from accessible abstracts sources accommodate 55 anxiety of 0.036 ounces per ton (opt) gold (including 10 anxiety of 0.11 opt gold), 30 anxiety of 0.023 opt gold, 20 anxiety of 0.029 opt gold, and 20 anxiety of 0.026 opt gold. The acreage has accomplished alley admission for approaching conduct and Plan of Operation assignment permits either completed or abreast achievement at ceremony of the ambition areas.

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IDAH President Mark Fralich stated, “We accept that the Green Monster acreage has the abeyant to host a multi-million ounce broadcast gold deposit, presenting an analysis book with agnate abeyant to the Long Canyon analysis which Newmont Mining acquired in 2011. We are absolute admiring to access a lease-option on this agitative prospect.”



The Agreement amid IDAH and Mountain Gold Claims LLC covers 91 lode claims that now comprise the Green Monster property. Pursuant to the Agreement, IDAH will pay assertive accepted affirmation fees, will accomplish bashful ceremony Advanced Ability Payments, and will be captivated to bashful ceremony assignment commitments. The vendors will absorb a 2-percent net smelter allotment (NSR) ability on the 91 claims, forth with a 1-percent NSR ability on added claims aural a surrounding Area of Interest. IDAH can acquirement the acreage from the bell-ringer for $5-million above-mentioned to or on the fifth ceremony of the able date of the Agreement, or for $10-million thereafter.

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About Idaho North Resources

Idaho North Resources is a U.S.-based inferior aggregation exploring for gold, silver, and abject metals in Nevada. The Aggregation has abiding charter options on the Eagleville gold-silver activity south of Fallon and the Klondyke and Divide silver-gold projects abreast Tonopah. The Aggregation additionally afresh accomplished an Analysis Program Agreement with Coeur Mining, beneath which Coeur will fund, and accept absolute earn-in rights, to assertive of the Company’s axial Nevada projects. Idaho North Resources is a absolutely advertisement company, listed on the OTCQB beneath the attribute IDAH.

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This account absolution contains assertive advanced statements aural the acceptation of the Federal Securities Laws. Such statements are based on assumptions that the Aggregation believes are reasonable but which are accountable to a advanced ambit of uncertainties and business risks. There are abounding factors that could account absolute after-effects to alter from those anticipated.

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