First two holes complete, additional drilling in progress
Idaho CuMo Mining Corporation (ICMC), the wholly-owned subsidiary of American CuMo Mining Corporation, commenced core drilling at its Calida Gold property, 24 miles south of Salmon, Idaho and 5 miles west of Highway 28 within the Mormon Canyon area. ICMC began drilling in early July and has completed the first two holes (CA 17-01 and CA 17-02). Additional drilling will continue over the next two weeks at the same location using the same drill pad as the first two holes. Initial samples are being reviewed by on-site geological personnel.
“This drilling program launches Idaho CuMo’s exploration of the Calida Gold property,” said Shaun Dykes, President and Director of Idaho CuMo Mining Corporation. “We were attracted to this property by the impressive historic studies which we hope to confirm and build on this summer.”
Calida Gold has been extensively explored for the past thirty years including 29 holes drilled in 1983 as well as thorough trenching and sampling. A total of ten mineralized veins have been identified on the property to-date.
ICMC is continuing exploration of the same zone at an intersection located 100 feet to the west of holes one and two. The first hole (CA17-01) sampled the main vein at a dip of 45 degrees and intersected a 67-foot wide mineralized zone between 166 feet and 233 feet.
Samples from CA17-01 contained visible chalcopyrite which matches the prediction based on the 3D model of historic drilling. The second hole (CA17-02) intersected two zones with the thickest between 307 feet and 345 feet at a depth of approximately 100 feet below the intersection obtained in the first hole.
“The drilling we are doing this year will inform and shape future decisions regarding the property,” said Dykes. “This exploration gives us the opportunity to learn more about Calida Gold’s potential.”
Core from holes one and two are currently being logged in detail and samples will be sent for assay. Results will be made available when analysis is complete. A total of 60 to 70 holes is planned for the project this year.
About Calida Gold
Calida Gold is a scientific mineral exploration located approximately 24 miles south of Salmon, Idaho and 5 miles west of Highway 28 in a historic mining district. The property has been extensively explored for the past thirty years including 29 holes drilled in 1983. American CuMo Mining Corporation (CuMoCo) acquired the claims in 2016. CuMoCo is leveraging the environmental permitting and mine development expertise of its Idaho-based, wholly-owned subsidiary, Idaho CuMo Mining Corporation (ICMC) to manage the geologic and environmental exploration.
About Idaho CuMo Mining Corporation
Idaho CuMo Mining Corporation (ICMC) is the wholly-owned subsidiary of American CuMo Mining Corporation, a Canadian natural resource exploration and development company. ICMC is committed to conducting all exploration and development activities, present and future, in a manner that ensures a minimal impact on the environment. Every decision made by the development team is focused on designing an environmentally sound and socially responsible project. Currently, ICMC is advancing the CuMo Project in Boise County, Idaho and Calida Gold project in Lemhi County, Idaho. For more information, please visit idahocumo.com.
About American CuMo Mining Corporation
American CuMo Mining Corporation (CuMoCo) is focused on advancing its CuMo Project towards feasibility. CuMoCo is also advancing its newly-acquired Calida Gold project. Management is continuing to build an even stronger foundation from which to move the Company and its projects forward. For more information, please visit cumoco.com, idahocumo.com and cumoproject.com.