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: | 12/6/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 6-12-2016: IDM Mining Ltd. announces an Exploration/Drilling Update report for its Red Mountain deposit at the Red Mountain project. Drilling results incl. 34.01m @ 8.85g/t Au, 13.28g/t Ag from 79.09m. December 6th, 2016, Vancouver, BC – IDM Mining Ltd. ( | |
| 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: | December 6th, 2016, Vancouver, BC – IDM Mining Ltd. (TSX.V:IDM) (“IDM” or the “Company”) is pleased to announce assays from the final 13 underground core holes completed during the 2016 season at the Red Mountain gold project (“Red Mountain” or the “Project”), located 15 km east of Stewart, BC. “The majority of IDM’s drilling during 2016 was planned to upgrade resources and gather technical data for our feasibility study, however these results have extended the known limits to mineralization in all three primary zones with mineralization open for further expansion to the north, south and down-dip,” said Rob McLeod, President and CEO of IDM Mining. “Of particular significance is U16-1224, which intersected the widest portion of mineralization in the JW Zone yet identified, suggesting potential for another thick area of mineralization as seen in the Marc and AV zones.” All results from the 2016 program at Red Mountain have been received. Step-out holes during 2016 were drilled on 25 meter spacing along strike and down-dip from known mineralization, the minimum required for indicated resource classification. Geologic modeling is currently underway, with the objective of completing an updated Resource Estimate in early 2017. The updated Resource Estimate will be incorporated into IDM’s ongoing Feasibility Study work. IDM is planning further underground resource expansion and exploration drilling in 2017. Prior to the 2016 drill program, it was interpreted that the Marc Zone was closed off to the south. Drill holes U16-1226 and 1227 were completed on section 1025N. U16-1226 intersected 6.0 meters (capped) averaging 12.75 g/t Au and 44.19 g/t Ag. This includes a 1.0 meter interval (uncapped) that assayed 110.5 g/t Au and 333.0 g/t Ag. coupled with three previously announced three step-out holes on section 1050N (see IDM News Release August 16, 2016), Marc Zone mineralization has been expanded a further 50 meters along strike to the south, and is still open for expansion along strike and down-dip. | |
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