Discovery Alaska Eyes Idaho Gold-Silver Project to Fuel Growth

Discovery Alaska Expands Into Idaho

Discovery Alaska Limited (ASX – DAF) has taken a significant step toward expanding its portfolio with a binding Heads of Agreement to acquire a 100% interest in the Boulder Creek Gold-Silver Project, located about 90 kilometres southwest of Boise, Idaho. This move marks the company’s entry into a historically rich mining jurisdiction in the United States, complementing its existing Alaskan assets.

Project Potential and Historical Context

The Boulder Creek Project spans roughly 640 hectares under an Idaho State Lease and is prospective for high-grade epithermal vein-hosted gold and silver mineralisation, as well as disseminated deposits. The project area benefits from historical exploration conducted by Nerco, Inc. in the 1980s, prior to the takeover by Kennecott Corporation and Rio Tinto. Notably, the project lies near Integra Resources’ DeLamar gold-silver project, where Kinross Gold Corporation operated until the late 1990s, underscoring the region’s mineral potential.

Strategic Acquisition Terms and Exploration Plans

Under the agreement, Discovery Alaska will pay a non-refundable option fee of US$30,000 in cash plus 2 million fully paid ordinary shares, with further staged payments over the next three years including cash and shares. Exercising the option to acquire full ownership requires a US$1.5 million fee and a 1% net smelter royalty payable within four years. The company plans to immediately review historical data and conduct geological assessments to identify promising targets for initial exploration.

Market Timing and Growth Prospects

Director Jerko Zuvela highlighted the timing of the acquisition as particularly favourable, given record gold and silver prices. The transaction not only provides direct exposure to precious metals in a proven mining jurisdiction but also aligns with Discovery Alaska’s broader strategy to expand its US footprint. The company is also reviewing additional project opportunities in the region, signaling an aggressive growth trajectory.

Looking Ahead

While the acquisition remains subject to due diligence and regulatory approvals, the Boulder Creek Project offers Discovery Alaska a promising platform to unlock value through exploration and potential development. The coming months will be critical as the company advances its work program and seeks to confirm the project’s mineralisation potential.