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IDM Mining Ltd.
Summary
| Project: | Red Mountain | |
|---|---|---|
| Deposit: | Red Mountain | |
| Location: | Canada | |
| Commodities: | Gold-Silver | |
| Date: | 1/22/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 22-1-2019: IDM Mining Ltd. announces an Exploration/Drilling Update report for its Red Mountain deposit at the Red Mountain project. Drilling results incl. 9.82m @ 65.13g/t Au, 313.09g/t Ag from 25.00m. January 22, 2019, Vancouver, BC – IDM Mining Ltd. (T | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Rob McLeod (Internal) | |
| ABSTRACT: | January 22, 2019, Vancouver, BC – IDM Mining Ltd. (TSX.V:IDM) (OTCQB:IDMMF) (“IDM” or the “Company”) is pleased to announce the final underground drilling results from the 2018 season at the Red Mountain Gold Project (“Red Mountain” or the “Project”), located 15 km east of Stewart, BC. The Company received assays from 40 underground core holes that targeted multiple zones for resource expansion, conversion and exploration. In 2018, a revised geological interpretation of Red Mountain identified high-amplitude, post mineralization folds that have deformed the mineralized zones, rather than the previous model that interpreted parallel zones. Exploration success in the SF, Smit and Marc-141 (Chicka) syncline, as well as discovery of the Lacasse and Preef Zones, has validated this model and has opened up multiple areas for future drilling targeting resource expansion. SF Zone The SF Zone is currently comprised of inferred resources; one step-out hole and one resource conversion hole were completed during the 2018 program. Hole U18-1337 intersected 8.52 meters averaging 6.41 g/t Au and 39.48 g/t Ag in a step-out to the north along strike. Resource conversion hole U18-1339 intersected 1.50 meters averaging 18.31 g/t Au and 4.21 g/t Ag. The SF Zone is interpreted to be open | |
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