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IDM Mining Ltd.
Summary
| Project: | Red Mountain | |
|---|---|---|
| Deposit: | Red Mountain | |
| Location: | Canada | |
| Commodities: | Gold-Silver | |
| Date: | 11/1/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 1-11-2016: IDM Mining Ltd. announces an Exploration/Drilling Update report for its Red Mountain deposit at the Red Mountain project. Drilling results incl. 36.00m @ 6.27g/t Au, 33.70g/t Ag from 23.00m. November 1st, 2016, Vancouver, BC – IDM Mining Ltd. ( | |
| 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: | November 1st, 2016, Vancouver, BC – IDM Mining Ltd. (TSX.V:IDM) (“IDM” or the “Company”) is pleased to announce assays from an additional 10 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 batch of drill results are primarily infill holes to gather data for ongoing Feasibility Study work, including metallurgical, geotechnical and hydrological data, as well as to potentially upgrade inferred and indicated resources to higher categories. “These results confirm the substantial widths and robust grades at Red Mountain,” said Robert McLeod, President and CEO of IDM Mining. “Our underground drill crews at Red Mountain are currently wrapping up the final resource expansion holes from the 2016 program, with additional assay results to be announced through the remainder of the year, including surface drilling from Lost Valley, 141 and Brad Zones.” Drill holes U16-1194, and 1196 tested a thick portion of the AV zone, infilling a 50 meter gap between historic holes. Material was also collected for metallurgical testwork and for geotechnical and groundwater hydrology. U16-1194 intersected 23.13 meters true width averaging 5.81 g/t Au and 16.11 g/t Ag, with U16-1196 intersecting 22.0 meters true width averaging 3.05 g/t Au. These holes correlate well with estimated grade and thickness of the AV zone in this area of the deposit. Drill hole U16-1195 tested a gap in the narrower, down dip tail to the AV Zone. | |
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