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IDM Mining Ltd.
Summary
| Project: | Red Mountain | |
|---|---|---|
| Deposit: | SF Zone | |
| Location: | Canada | |
| Commodities: | Gold-Silver | |
| Date: | 6/8/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 8-6-2017: IDM Mining Ltd. announces an Exploration/Drilling Update report for its SF Zone deposit at the Red Mountain project. Drilling results incl. 37m @ 1.74g/t Au, 16.8g/t Ag from 525m. June 8, 2017, Vancouver, BC – IDM Mining Ltd. (TSX.V:IDM) (OTCQB: | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Rob McLeod (Internal) | |
| ABSTRACT: | June 8, 2017, Vancouver, BC – IDM Mining Ltd. (TSX.V:IDM) (OTCQB:IDMMF) (“IDM” or the “Company”) is pleased to announce assays from the initial two underground core holes targeting the northern extension to the current resource at the Red Mountain Gold Project (“Red Mountain” or the “Project”), located 15 km east of Stewart, BC. Drill hole U17-1247 targeted the SF Zone, a faulted extension of the JW Zone resource. This hole intersected mineralization approximately 125 meters along strike and to the north of the current resource, averaging 7.31 g/t Au and 5.22 g/t Ag over 5.38 meters. Drill hole U17-1248 intersected mineralization 250 meters along strike to the north, with 7.50 meters averaging 4.93 g/t Au and 23.54 g/t Ag, within a broad interval of 37.00 meters averaging 1.74 g/t Au and 16.80 g/t Ag. Gold and silver mineralization occurs proximal to a contact between intrusive and sedimentary rocks, associated with strong alteration and pyrite mineralization. There are currently no defined resources from the SF Zone. “These first two exploration drill holes from the northern extension to the Red Mountain resource are very significant to extending the potential mine life of the deposit,” said Robert McLeod, President and CEO of IDM Mining. “Ongoing underground drilling is stepping out from these intercepts and historic holes in the SF Zone area, in addition to further drill up and down-dip and to the south of the Marc, AV and JW Zone resources.” | |
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