IDM Mining drills 25 m of 13.67 g/t Au at Red Mountain
IDM MINING Ltd. has released the final underground drilling results from the 2017 season at the Red Mountain gold project, located 15 kilometres east of Stewart, B.C. The company received assays for an additional 20 underground resource expansion, metallurgical, infill and exploration core holes that targeted the 141, Marc, Marc footwall, Marc tail, AV, JW and SF zones. A total of 29,312 metres were completed during 2017, consisting of 104 underground, eight surface and three geotechnical core holes.
Highlights of the recent drilling results include:
• U17-1319: 85.5 metres averaging 1.24 grams per tonne gold, including 12 metres averaging 3.73 g/t in down-dip JW/Smit step-out;
• U17-1323: 25 metres averaging 13.67 g/t Au and 30.91 g/t Au, including three metres averaging 69.03 g/t Au and 45.33 g/t Au (uncapped) in AV zone infill;
• U17-1324: 3.78 metres averaging 38.27 g/t Au and 59.39 g/t silver in JW zone up-dip step-out;
• U17-1325: 11.5 metres
averaging 12.71 g/t Au and 9.58 g/t Ag in Marc zone infill;
• U17-1326: 85.21 metres averaging 1.89 g/t Au and 13.69 g/t Ag, including two metres of 12.89 g/t Au and 110.95 g/t Ag in 141 zone metallurgical drill hole;
• U17-1330: 1.6 metres averaging 17.09 g/t Au and 5.28 g/t Ag in JW zone down-dip step-out. Two holes targeted the AV zone. U17-1323 was an infill drill hole and encountered a stronger zone of mineralization than expected, with 25 metres averaging 13.67 g/t Au (10.82 g/t Au capped) and 30.91 g/t Ag, including three metres of 69.03 g/t Au (45.33 g/t Au capped) and 45.60 g/t Ag.
Five step-out holes targeted up and down-dip extensions at the JW zone. U17-1324 is an up-dip and step-out from current reserves and resources, and is the northernmost high-grade intercept of this zone. This hole intersected 3.78 metres averaging 38.27 g/t Au (24.83 g/t Au capped) and 59.39 g/t Ag, including 1.23 metres averaging 96.3 g/t Au (55 g/t Au capped) and 28.5 g/t Ag. Future drilling will explore for this important northerly strike extension.
(See IDM Table 1 on page 14)
“Our 2017 drill program at Red Mountain was successful in expanding the known extents of all mineralized zones up and down-dip from current reserves and remains open in multiple directions,” said Rob McLeod, president and chief executive officer of IDM Mining. “Additionally, we continue to advance through the 180-day application review phase of the provincial environmental assessment process, including recent open houses in northwest B.C. communities. Finally, our engineering and mining team continues to progress the predevelopment design required for Mines Act permitting and a potential construction decision in 2018.”
We seek Safe Harbor.
Erika Flores condensed this news release (firstname.lastname@example.org).
Andrew Farncomb, Terence Harbort, Robert John McLeod, Michael R J McPhie, Duncan Kenneth Middlemiss, David Parker, Andree St-Germain
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