The Iron Creek is located in Lemhi County, Idaho near the Town of Salmon. The area is host to the largest known cobalt resource in CONUS owned by Formation Metals. The Iron Creek has been identified as the second largest cobalt resource in CONUS. Formation’s project is fully permitted and has recently received industrial development bonding support from Lemhi County to support construction of the project. Formation’s project is about 12 miles south of Iron Creek.
Discovered in the 1940’s as a possible iron deposit. Explored in the 1970’s by Hanna Mining and later in the 1980’s by Norando and Inspiration Mines. Additional exploration and drilling was done by Cominco in the mid-1990’s. Geological surveys, geophysical studies, geochemical work, and drilling have been done over the years. Approximately 30,000 feet of diamond drilling and 1,500 feet of diamond drilling has been completed exploring the project. Although the resource numbers are based on this historic work, past resource estimates were classified as “possible” reserves under the U.S. classification scheme.