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Idaho


Friday

Friday is a fully permitted underground mine strategically positioned 10 miles southwest of Elk City in Idaho in the historical Orogrande gold district with rich mining heritage and geological potential.

The asset comprises the mine site, the nearby Orogrande processing plant, and 2,720 acres of land earmarked for prospective exploration, offering extensive opportunities for resource expansion.

The Friday mine benefits from exceptional connectivity. It’s easily accessible via daily flights from Lewiston, and has connection to the Pacific Ocean through the Snake River sea port.

We have constructed the main tunnel structures at Friday, with drilling indicating proximity to ore bodies, poised for swift progress when operations resume. Current resources indicate potential to produce up to 10,000 oz of gold over a 7-year period.

We began operations at Friday in May 2020, but placed it under care and maintenance in February 2022 to allow further drilling for optimized future production. Drilling results have shown best intercepts with grades as high as 107 g/t, indicating significant resource estimate upgrade potential. High-grade operation with 6-8 g/t head grade, over 90% recovery rate, and a low cash cost.

Best Intercepts:

  • 4.1 m @ 107.4 g/t Au
  • 97.5 m @ 5.8 g/t Au, including 23 m @ 16 g/t
  • 51.8 m @ 5.8 g/t Au, including 20 m @ 9.4 g/t

Resource summary

Tonnes (Kt)Au (oz/t)Au (g/t)Au (Koz)Au (kg)
Measured2450.226.8854.21,686
Indicated2170.206.1643.01,337
M&l4620.216.5497.23,023
Inferred2960.164.9146.71,453
Total Resources7580.195.91143.94,476

Buffalo Gulch

Buffalo Gulch is strategically situated two miles west of Elk City and in proximity to Friday mine. Buffalo Gulch is planned for open pit design with heap leach processing, and it offers unexplored potential below the oxidized zone, presenting an opportunity for significant discoveries. With a plan of operations already lodged with the BLM for additional drilling, Buffalo Gulch is poised for exploration and expansion.

Resource summary

Tonnes (Kt)Au (oz/t)Au (g/t)Au (Koz)Au (kg)
Measured3,5150.020.5764.82,016
Indicated3,2300.020.4849.91,552
M&l6,7450.020.53114.73,568
Inferred2,1280.010.3825.7799
Total Resources8,8730.020.49140.44,367

Deadwood

Deadwood mine is located adjacent to Buffalo Gulch project. Deadwood open pit design is historically permitted for drilling, reflecting regulatory progress and a readiness for further exploration.

Deadwood shares similar geological characteristics with Buffalo Gulch, hinting at the potential for consistent mining approaches and resource estimation.

Resource summary

Tonnes (Kt)Au (oz/t)Au (g/t)Au (Koz)Au (kg)
Historic2,3750.030.7758.61,823

Rescue

Rescue is nestled in the Warren Mining District of Idaho. It is a historic underground gold mine.

Tonnes (Kt)Au (oz/t)Au (g/t)Au (Koz)Au (kg)
Historic670.6921.3446.01,430

Kimberly

The Kimberly project is an underground gold mine with historical production in the Marshall Lake district of southern Idaho County. Located 45 miles from McCall and 150 miles from Boise, Kimberly enjoys favorable access to local infrastructure and major city services.

Kimberly key assets include a fully-contained 100 tonne per-day gravity and flotation processing plant, complemented by a ball mill and a diesel generator among other essential structures. 

Kimberly spans 450 acres of land considered highly promising for continued exploration and mining ventures.

Resource summary

Tonnes (Kt)Au (oz/t)Au (g/t)Au (Koz)Au (kg)
Historic2610.6219.18160.95,005

Contact information

George P. Carabe­ris, Board Memeber & Senior Managing Direc­tor

E-mail: caraberis@Fm-co.com