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IDM Mining Ltd.
Summary
| Project: | Red Mountain | |
|---|---|---|
| Deposit: | Marc, AV Zones | |
| Location: | Canada | |
| Commodities: | Gold-Silver | |
| Date: | 9/5/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 5-9-2017: IDM Mining Ltd. announces an Exploration/Drilling Update report for its Marc, AV Zones deposit at the Red Mountain project. Drilling results incl. 4.88m @ 149.24g/t Au, 59.88g/t Ag from 62.12m. September 5th, 2017, Vancouver, BC – IDM Mining Ltd | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Rob Mcleod (Internal) | |
| ABSTRACT: | September 5th, 2017, Vancouver, BC – IDM Mining Ltd. (TSX.V:IDM) (OTCQB:IDMMF) (“IDM” or the “Company”) is pleased to announce continued drilling success at the Red Mountain Gold Project (“Red Mountain” or the “Project”), located 15 km east of Stewart, BC. The Company received assays for an additional 28 underground core holes from the Marc and AV Zones. These results are from the ongoing 23,000+ meter surface and underground resource expansion, infill and exploration drilling program. Rob McLeod, IDM’s President and CEO, commented: “We are highly encouraged to report the results of the ongoing 2017 drilling program. These results include 1,400 g/t Au over 0.5 meters: the highest grade core assay ever received at Red Mountain, and down-dip step-outs intersecting wide intervals of disseminated gold mineralization, with high-grade, tabular lenses within the newly identified Smit Zone. These results continue to demonstrate the expansion potential and the dynamic, robust nature of gold mineralization at Red Mountain.” Holes U17-1289 and 1296 were drilled from the same setup targeting the Marc Zone and spaced 15 meters apart along strike. Both holes were drilled with the objective of refining near-surface mineralization. In this area, the Marc Zone is offset by a small strike-slip fault into separate blocks. U17-1289 includes the highest gold assay ever received at Red Mountain: 1,400 g/t Au and 437 g/t Ag over 0.5 meters. Capping the raw assay intervals to 55 g/t Au and 220 g/t Ag, holes U17-1289 and U17-1296 intersected 11.44 g/t Au and 37.64 g/t Ag over 4.88 meters and 24.16 g/t Au and 76.00 g/t Ag over 6.89 meters, respectively. These intervals are estimated to be approximate true width of the Marc Zone. | |
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