IDM Min­ing drills 25 m of 13.67 g/t Au at Red Moun­tain

Stockwatch Daily - - MINES & METALS - Mr. Robert McLeod re­ports

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 (erikaf@stock­watch.com).

An­drew Farn­comb, Ter­ence Har­bort, Robert John McLeod, Michael R J McPhie, Dun­can Ken­neth Mid­dle­miss, David Parker, An­dree St-Ger­main

(IDM) Shares: 397,808,519

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