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: | 1/23/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 23-1-2017: IDM Mining Ltd. announces a Resource Estimation report for its Red Mountain deposit at the Red Mountain project. Updated resource estimate increased by 142,200oz Au and 275,900oz Ag. Arseneau Consulting Services Inc. (ACS) was retained be IDM M | |
| Resources: | (Resource, M+I):2.074Mt @ 8.75g/t Au, 24.8g/t Ag at Red Mountain Project | |
| CP/QP: | [Resources]: Gilles Arseneau (ARSENEAU Consulting Services Inc.) | |
| ABSTRACT: | Arseneau Consulting Services Inc. (ACS) was retained be IDM Mining Ltd. (IDM or IDM Mining) to prepare an update of the Mineral Resource Estimate for the Red Mountain gold project located in northwestern B.C., 18 km east of the town of Stewart. The purpose of this study is to incorporate new drilling information gathered by IDM and to update the mineral resources for the Red Mountain gold project to include the results of the 2016 drilling program. On April 12, 2014, IDM optioned the property from Seabridge Gold Inc. (Seabridge) with the intent of initiating a Preliminary economic assessment (PEA) study and conducting further exploration work. Since acquiring the project, IDM has completed a comprehensive review and validation of the Red Mountain geological and environmental data, initiated project permitting under the British Columbia and Canadian Environmental Assessment review process, completed a seventy-four drill hole drilling program, engaged JDS Energy & Mining (JDS) to prepare a PEA for the Red Mountain gold project that was published on September 3, 2014 and an updated PEA also by JDS published on July 12, 2016. A high degree of drilling and quality control work has been performed on the project by previous operators. Re-logging the core to create a geological model has created confidence in the understanding of mineralized zone controls. Exploration potential on the property has been greatly enhanced since 1994 by glacial recession surrounding the deposit. A considerable area that was previously under ice is now exposed for the first time and available for exploration proximal to the Red Mountain gold/silver-bearing sulphidation system. Further work is recommended for the Red Mountain gold project. ACS recommends that a feasibility study (FS) be prepared to include the new indicated mineral resources defined as part of this report. ACS recommends that contingent on positive results of the feasibility study that an additional 7,500 m of underground definition drilling be carried out prior to initiating mining. | |
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