For thousands of other reports visit RSC's Mineral Intellingence Map
IDM Mining Ltd.
Summary
| Project: | Red Mountain | |
|---|---|---|
| Deposit: | Red Mountain | |
| Location: | Canada | |
| Commodities: | Gold-Silver | |
| Date: | 7/11/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 11-7-2017: IDM Mining Ltd. announces an Exploration/Drilling Update report for its Red Mountain deposit at the Red Mountain project. Drilling results incl. 14m @ 10.65g/t Au, 17.37g/t Ag from 159m. July 11th , 2017, Vancouver, BC – IDM Mining Ltd. (TSX.V: | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Rob Mcleod (Internal) | |
| ABSTRACT: | July 11th , 2017, Vancouver, BC – IDM Mining Ltd. (TSX.V:IDM) (OTCQB:IDMMF) (“IDM” or the “Company”) is pleased to announce assays for 14 underground core holes for the 2017 season at the Red Mountain Gold Project (“Red Mountain” or the “Project”), located 15 km northeast of Stewart, BC. Drilling is ongoing with two underground rigs, with surface drilling scheduled to commence soon. “We continue to expand the known limits of mineralization at Red Mountain, with underground drilling continuing, targeting multiple zone extensions and near-mine exploration targets,” said Rob McLeod, President and CEO of IDM Mining. “Drill hole U17-1262 is particularly encouraging since it suggests another wide area of mineralization is developing in this area of the JW Zone, as well as gold-bearing massive pyrite mineralization from exploration holes targeting in the SF Zone, located north of current mine reserves.” The 17,125 hectare Red Mountain Gold Project is located in northwestern BC, 15 km northeast of the Town of Stewart. IDM recently announced the results of a Feasibility Study for a high-grade, underground gold mine, which includes primarily bulk underground mining methods and the production of gold doré on site. The Project is advancing through the provincial and federal environmental assessment processes, with comprehensive, thorough, and ongoing consultation with Nisga’a Nation. The Company recently submitted its Project Application and Environmental Impact Statement to regulators and stakeholders. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report