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IDM Mining Ltd.
Summary
| Project: | Red Mountain | |
|---|---|---|
| Deposit: | Red Mountain | |
| Location: | Canada | |
| Commodities: | Gold-Silver | |
| Date: | 7/12/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | PEA | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 12-7-2016: IDM Mining Ltd. announces a PEA report for its Red Mountain deposit at the Red Mountain project. Updated PEA results incl. pre-tax NPV (5%) of $133.1M, IRR of 42.4%, 1.9 year payback. IDM Mining Ltd. (IDM or IDM Mining) commissioned JDS Energy | |
| Resources: | (Resource, M+I): 1.642Mt @ 8.36g/t Au, 26g/t Ag for 441500oz Au, 1.3798Moz Ag contained | |
| CP/QP: | [Resources]: Gilles Arseneau (Arseneau Consulting Services) | |
| ABSTRACT: | IDM Mining Ltd. (IDM or IDM Mining) commissioned JDS Energy & Mining Inc. (JDS) to complete a revised preliminary economic assessment (PEA) of the Red Mountain gold project located in northwestern British Columbia. The purpose of this study is to revise and update the previous PEA filed in 2014 titled “Preliminary Economic Assessment NI 43-101 Technical Report, Red Mountain Gold Project” with an effective date of July 23, 2014 (JDS 2014). The structure and content of this report uses National Instrument 43-101, Standards of Disclosure for Mineral Projects (NI 43-101) guidelines. | |
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