Mining News: Northern Neighbors: IDM boosts gold-silver zones at Red Mountain

IDM Mining Ltd. Nov. 28 reported assays from 10 underground holes drilled this year at the Red Mountain gold project in northwestern British Columbia. This batch of drill results are primarily from JW, one of four zones that encompass 1.64 million metric tons of measured and indicated resource averaging 8.36 grams-per-metric-ton (441,500 ounces) gold and 26 g/t (1.38 million oz.) silver. Infill holes at JW were targeted to potentially upgrade areas of inferred resource to the higher confidence measured and indicated category, as well as expand the mineralized zone down-dip. Highlights from the most recent results from JW include: 6.8 meters averaging 18.7 grams per metric ton gold and 66.85 g/t silver in U16-1201, an infill hole; 10.39 meters of 4.94 g/t gold and 8.27 g/t silver in U16-1203, which tapped the JW zone below the current resource; and 8.02 meters of 6.4 g/t gold and 7.42 g/t silver in hole UR16-1210, which confirmed a new hanging-wall zone at JW. U16-1216, an infill hole at the AV zone, cut 13.19 meters of 15.22 g/t gold and 49.85 g/t silver. “These results have been successful in identifying a new zone in the hanging-wall to the JW zone and demonstrate that mineralization remains open for expansion down-dip,” said IDM Mining President and CEO Robert McLeod. “Additionally, infill drilling continues to demonstrate continuity of the robust gold grade and structure for the AV and JW zones.” Results from 15 additional holes drilled at Red Mountain this year are pending. Following the receipt of these results, IDM plans to upgrade the resource and finalize a feasibility study for Red Mountain early in 2017.

-Shane Lasley