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IDM Mining Ltd.
Summary
| Project: | Red Mountain | |
|---|---|---|
| Deposit: | Red Mountain | |
| Location: | Canada | |
| Commodities: | Gold-Silver | |
| Date: | 10/26/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 26-10-2017: IDM Mining Ltd. announces an Exploration/Drilling Update report for its Red Mountain deposit at the Red Mountain project. Drilling results incl. 90m @ 0.75g/t Au, 0.65g/t Ag from 88m. October 26th, 2017, Vancouver, BC – IDM Mining Ltd. (TSX.V: | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Rob Mcleod (Internal) | |
| ABSTRACT: | October 26th, 2017, Vancouver, BC – IDM Mining Ltd. (TSX.V:IDM) (OTCQB:IDMMF) (“IDM” or the “Company”) is pleased to announce continued drilling success at the Red Mountain Gold Project (“Red Mountain” or the “Project”), located 15 km east of Stewart, BC. The Company received assays for an additional 17 underground resource expansion and exploration core holes targeting the Marc, Marc Footwall, NK, AV, JW, and SF Zones, as well as the newly identified ‘Bray Zone.’ Additionally, results were received from eight surface core holes targeting the 141, NK and new ‘Chicka Zone’. These results are from the 2017 surface and underground resource expansion, infill and exploration drilling program. Drilling was recently completed, and the underground workings and surface facilities are currently being winterized at Red Mountain. Assays are pending for an additional 20 underground drill holes. A total of 29,312 meters were completed during 2017, consisting of 104 underground, eight surface and three geotechnical core holes. Rob McLeod, IDM’s President and CEO, commented: “Our 2017 drill program continues to be successful with systematic step outs from current reserves in the Marc, AV and JW zones and resources in the NK and 141 zones, with the objective of expanding the potential mine life of Red Mountain. Additionally, the exploration drilling has identified an extensive disseminated gold system within the newly identified Bray Zone, over 300 meters north of our reserves and resources, as well as in the near-surface, high-grade Chicka zone.” | |
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