Sidney Resources Corporation (OTC:SDRC) announced it has completed the acquisition of the Walla Walla project within the Marshall Lake Mining District, Idaho Country, approximately 10 miles from Sidney’s Lucky Ben project.
The company said the Walla Walla Mine is a high-grade gold vein located near the historic Kimberly and Warren Mining Districts, and the acquisition adds a total of 47 lode claims or 1.61 square miles to Sidney’s holdings in Idaho.
Notably, it adds a production-ready, proven-out resource tonnage of 225,000 tons at a gold grade ranging from 0.25 ounces per ton to 8 ounces per ton, Sidney said.
READ: Sidney Resources completes Irish Metals acquisition; appoints Mike Irish as its new CSO
Further, with multiple veins and possible extension of the veins at depth, the property is wide open for additional gold/silver resources, it noted.
The company said this “significant step” would put the company much closer to revenue generation.
Sidney COO Dan Hally said that the acquisition of the Walla Walla claim group is part of the company’s strategic plan to move the region back into production through the development of multiple ore source points to supply a larger regional mill.
“We could not be more excited about the future; these claims are part of a region known for the high-grade gold and silver,” Hally said.
“We look forward to the upcoming season as we continue to develop these claims and explore for additional resources including critical rare earth minerals".
Hally also noted: “Our chief science officer, Mike Irish and the recent acquisition of Irish Metals have significantly expanded our capacity to develop recovery and processing systems internally.”
Sidney Resources is conducting exploration and development work to determine the values of ore bodies located on three patented claims, the Lucky Ben, Lucky Ben Extension, and Hornet properties totalling 53 acres.
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