Idaho Strategic Resources Leases Niagara Project with 150M lb Copper, 8M oz Silver
Idaho Strategic Resources leased the Niagara copper-silver project in Shoshone County, adding a historical 150 million pounds of copper and 8 million ounces of silver to its Murray Gold Belt holdings. The agreement features an $18,000 annual lease with 3% escalators over 10 years and a 2% net smelter royalty.
1. Lease Acquisition Details
Idaho Strategic Resources has secured a long-term lease on the Niagara copper-silver project in Shoshone County, Idaho, expanding its Murray Gold Belt landholdings alongside adjacent claims to its producing Golden Chest Mine.
2. Historical Resource Estimate
The Niagara deposit carries a non-compliant historical estimate of 150 million pounds of copper and 8 million ounces of silver, offering substantial base metal exposure ahead of modern resource verification.
3. Strategic Location
Located just 7 kilometers from the Golden Chest Mine, the project enhances district-scale potential and consolidates drill-ready targets within IDR’s established Idaho portfolio.
4. Lease Terms and Royalty
The lease begins at $18,000 per year with a 3% annual escalation over a 10-year initial term, includes extension options, and carries a 2% net smelter royalty on future production.