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IDM Mining Ltd.
Summary
| Project: | Red Mountain | |
|---|---|---|
| Deposit: | SF Zone | |
| Location: | Canada | |
| Commodities: | Gold-Silver | |
| Date: | 8/9/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 9-8-2017: IDM Mining Ltd. announces an Exploration/Drilling Update report for its SF Zone deposit at the Red Mountain project. Drilling results incl. 8.0m @ 12.28g/t Au, 27.07g/t Ag from 539.0m. August 9 th, 2017, Vancouver, BC – IDM Mining Ltd. (TSX.V:ID | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Rob Mcleod (Internal) | |
| ABSTRACT: | August 9 th, 2017, Vancouver, BC – IDM Mining Ltd. (TSX.V:IDM) (OTCQB:IDMMF) (“IDM” or the “Company”) is pleased to announce assays for an additional three underground core holes from the SF Zone at the Red Mountain Gold Project (“Red Mountain” or the “Project”), located 15 km east of Stewart, B.C. Previous drilling at the SF Zone was widely spaced, with no reserves or resources currently defined. The SF Zone is interpreted to be a faulted extension of the JW Zone reserves and resources. Drill hole U17-1270 and 1274 were step-outs approximately 25 meters from previously reported hole U17-1248, which intersected 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. Drill hole U17-1274 intersected 8.0 meters averaging 12.28 g/t Au and 27.07 g/t Ag; mineralization is associated with a brecciated contact between intrusive and sedimentary rocks, associated with strong alteration and pyrite mineralization, surrounded by a sphalerite-rich halo (zinc sulphide). This mineralization style is typical of current reserves defined at Red Mountain. In drill hole U17-1270, the target horizon appears to be offset by a minor fault zone. “Drill hole U17-1274 is an important intercept in the SF Zone, located a significant distance to the north of current reserves; additional drilling during 2017 will continue to prioritize and target this prospective area,” said Robert McLeod, President and CEO of IDM Mining. “Ongoing underground drilling is also stepping out both up and down-dip of the Marc, NK, AV and JW Zones, with surface drilling targeting strike extensions to the 141 and Marc Zones.” | |
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