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IDM Mining Ltd.
Summary
| Project: | Red Mountain | |
|---|---|---|
| Deposit: | Red Mountain | |
| Location: | Canada | |
| Commodities: | Gold-Silver | |
| Date: | 7/4/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 4-7-2017: IDM Mining Ltd. announces an Exploration/Drilling Update report for its Red Mountain deposit at the Red Mountain project. Drilling results incl. 97m @ 1.24g/t Au, 0.30g/t Ag from 253m. July 4, 2017, Vancouver, BC – IDM Mining Ltd. (TSX.V:IDM) (O | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Rob Mcleod (Internal) | |
| ABSTRACT: | July 4, 2017, Vancouver, BC – IDM Mining Ltd. (TSX.V:IDM) (OTCQB:IDMMF) (“IDM” or the “Company”) is pleased to announce assays for 17 underground core holes for the 2017 season at the Red Mountain gold project (“Red Mountain” or the “Project”), located 15 km east of Stewart, BC. Todate, 50 underground drill holes have been completed as part of the ongoing 2017 drilling program. Additionally, to follow-up on successful drill results to-date, IDM’s board of directors has approved a second phase of underground and surface drilling of 10,000 meters at Red Mountain, increasing the 2017 program to 18,000 meters of drilling. The drill results are primarily resource expansion holes, testing down and up dip-from current reserves, as well as two holes to the north along strike from the current mine reserve. “We continue to see good continuity of mineralization in all directions at Red Mountain,” said Rob McLeod, President and CEO of IDM Mining. “Any additions to the reserves at Red Mountain, recently stated in our Feasibility Study, would be potentially highly accretive to our Project economics. The primary objective of our expanded drilling program is to add additional years to the potential mine life by targeting near-mine mineralization from underground, as well as diamond drilling from surface, primarily testing the surface exposure of the 141 Zone.” | |
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