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IDM Mining Ltd.
Summary
| Project: | Red Mountain | |
|---|---|---|
| Deposit: | Marc Zone, NK Zone | |
| Location: | Canada | |
| Commodities: | Gold-Silver | |
| Date: | 9/6/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 6-9-2016: IDM Mining Ltd. announces an Exploration/Drilling Update report for its Marc Zone, NK Zone deposit at the Red Mountain project. Drilling results incl. 15.00m @ 23.73g/t Au, 44.82g/t Ag from 35.00m (uncut). September 6, 2016, Vancouver, BC – IDM | |
| Resources: | (Resource, M+I): 1.642Mt @ 8.36g/t Au, 26g/t Ag at Red Mountain project | |
| CP/QP: | [Overall Report]: Rob McLeod (Internal) | |
| ABSTRACT: | September 6, 2016, Vancouver, BC – IDM Mining Ltd. (TSX.V:IDM) (“IDM” or the “Company”) is pleased to announce assays from an additional 13 underground core holes completed at the Red Mountain gold project (“Red Mountain” or the “Project”), located 15 km east of Stewart, BC. These results are from the ongoing Phase I drilling program. This program is focused on infill and step-out drilling in and around the current resource at Red Mountain, as well as to collect material for metallurgical, geotechnical and hydrological testwork. The NK Zone discovery was encountered in drill hole U16-1187, a vertical hole to test a projected step-out of isolated, historic intercepts below the Marc Zone. It intersected a mineralized interval of massive, coarse grained pyrite veins and stockworks averaging 7.43 g/t Au and 12.51 g/t Ag over 6.0 meters true width. Mineralization occurs at a sediment/porphyry contact, approximately 100 meters below the underground workings. This style of mineralization is consistent with the Marc/AV/JW resources; projected from wide-spaced intervals from adjacent sections, the NK Zone is sub-horizontal and tabular, and open for expansion in all directions. The NK Zone is 70 meters outside of the current resource estimate at Red Mountain, and named after Assistant Project Manager, Natalie King | |
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