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IDM Mining Ltd.
Summary
| Project: | Red Mountain | |
|---|---|---|
| Deposit: | Red Mountain | |
| Location: | Canada | |
| Commodities: | Gold-Silver | |
| Date: | 11/22/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 22-11-2016: IDM Mining Ltd. announces an Exploration/Drilling Update report for its Red Mountain deposit at the Red Mountain project. Drilling results incl. 14.65m @ 25.24g/t Au, 49.92g/t Ag from 113.50m (core length, uncapped). November 22nd, 2016, Vanco | |
| 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 22nd, 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. This batch of drill results are primarily from the JW Zone. Infill holes were targeted to potentially upgrade areas of inferred resource classification to a higher confidence level, as well as to expand the mineralized zone down-dip. Assays from an additional 15 drill holes are currently pending from the 2016 underground drilling program at Red Mountain. “These results have been successful in identifying a new zone in the hangingwall to the JW zone and demonstrate that mineralization remains open for expansion down-dip,” said Robert McLeod, President and CEO of IDM Mining. “Additionally, infill drilling continues to demonstrate continuity of the robust gold grade and structure for the AV and JW zones.” U16-1210 confirmed a new zone approximately 50 meters to the west, in the hangingwall from the JW zone, which correlates with historic intervals in drill holes on section 1600N and on adjacent sections. This hole intersected 8.02 meters true width averaging 6.40 g/t Au and 7.42 g/t Ag. Assays for the lower part of the hole targeting the main JW zone, are still pending. Drill holes U16-1203 and 1212 were down-dip step-outs from the current JW zone resource, intersecting 10.39 meters averaging 4.94 g/t Au and 7.67 meters true width averaging 5.64 g/t Au respectively. Hole U16-1201 is an infill hole that targeted current inferred resources, and intersected a capped interval of 6.80 meters true width averaging 18.70 g/t Au and 66.85 g/t Ag. A high-grade interval of 1.70 meters averaging 60.95 g/t Au and 459.50 g/t Ag was capped in this composite. Drill holes U16-1206 to 1209 and U16-1211 were also infill drill holes in the JW Zone. | |
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