Mining News: Northern Neighbors: First 2016 holes find surprise growth area at Red Mountain

IDM Mining Ltd. Aug. 16 posted results from the first four underground core holes completed this year at its Red Mountain gold project near Stewart, B. C. The initial phase of 2016 exploration at Red Mountain includes infill and step-out drilling from the current resource, as well as collecting material for metallurgical, geotechnical and hydrological testing. Highlights from the first four holes, all drilled in the Marc zone, include: 20.66 meters averaging 6.48 grams per metric ton gold and 33.58 g/t silver in hole U16-1177; 20.35 meters averaging 9.24 g/t gold and 49.73 g/t silver in hole U16-1178; 12 meters averaging 10.58 g/t gold and 74.63 g/t silver in hole U16-1179; and 6.3 meters averaging 9.91 g/t gold and 53.52 g/t silver in hole U16-1182. “The deposit was previously interpreted to be closed to the south; this intercept suggests that it is open to expansion under the existing production-sized decline,” IDM President and CEO Robert McLeod. The company plans to step out to the south of U16-1182 with additional holes drilled this year. The company also has retained Knight Piesold Ltd, a geotechnical engineering company, to conduct a geotechnical site investigation at the Bromley Humps area, located about five kilometers (three miles) west of the Red Mountain deposits. The purpose of this study is to support feasibility-level designs for potential mineral processing plant site foundations and waste and water management facilities.

-Shane Lasley