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IDM Mining Ltd.
Summary
| Project: | Red Mountain | |
|---|---|---|
| Deposit: | Red Mountain | |
| Location: | Canada | |
| Commodities: | Gold-Silver | |
| Date: | 6/19/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Mine Development | |
| Report details: | 19-6-2018: IDM Mining Ltd. announces a Resource Estimation report for its Red Mountain deposit at the Red Mountain project. Updated mineral resource estimate at Red Mountain. June 19th, 2018, Vancouver, BC – IDM Mining Ltd. (TSX-V:IDM) (OTCQB: IDMMF)(“IDM | |
| Resources: | (Resource, M+I): 2.771Mt @ 7.91g/t Au, 22.75g/t Ag for 704.6Koz Au, 2Moz Ag | |
| CP/QP: | [Resources]: Gilles Arseneau, Andrew Hamilton (Arseneau Consulting Services Ltd.;Internal) | |
| ABSTRACT: | June 19th, 2018, Vancouver, BC – IDM Mining Ltd. (TSX-V:IDM) (OTCQB: IDMMF)(“IDM” or the “Company”) is pleased to announce the results of an updated mineral resource estimate for its 100%-owned Red Mountain Gold Project (“Red Mountain” or the “Project”), located in the Golden Triangle of northwestern British Columbia, near the town of Stewart, BC. The updated mineral resource estimate includes the results from additional drilling completed by IDM during 2017, primarily from the underground workings and incorporates a more robust geological model. The resource estimate is authored by Dr. Gilles Arseneau, P.Geo and Andrew Hamilton, P.Geo with input from IDM’s technical team. “Our 2017 underground drilling program successfully increased and upgraded high-grade, bulk-mineable resources at Red Mountain and demonstrated significant expansion potential with the addition of several new zones,” said Robert McLeod, President and CEO of IDM Mining. “Coupled with the advanced stage of the EA and EIS review, along with the ongoing and thorough consultations with the Nisga’a Lisims Government, we believe that Red Mountain will be the next underground gold mine in BC.” “The increase in tonnage and contained metal in the measured and indicated categories is a material addition to the deposit,” said Ryan Weymark, VP Project Development. “These additional resources will be included within an update to the 2017 Feasibility Study, which will also incorporate an optimized underground mine plan incorporating opportunities identified through the Value Engineering phase.” | |
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