IDM Mining Completes Underground Drilling Program at Red Mountain Gold Project, B.C.
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IDM Mining Ltd. has completed the 2018 underground drilling program at the advanced-stage Red Mountain Underground Gold Project, located in the Golden Triangle east of Stewart, BC.
The company completed the drilling program using three core rigs from a winterized camp and shop facility located adjacent to production-size underground workings.
Forty holes for 10,000 meters were completed during this program. Exploration drilling focused on testing folded extensions to the prospective mineralized horizon, as well as step-out drilling from current resources and the conversion of inferred resources to measured and indicated. Drilling emphasis included the near-surface ‘Chicka’ synform, located between the Marc and 141 zones, as well as stepping out up to 200 meters west of resources in the Smit and JW Zones. Step-out holes targeting the hinge and east limb of the ‘Marc’ antiform were also completed, with holes testing multiple areas up-dip of the AV, JW and SF zones. Resource conversion drilling primarily targeted the Smit and SF zones.
“We are pleased with the validation of our geological model which has significantly opened up exploration potential near the current underground workings at Red Mountain,” said Robert McLeod, president and CEO of IDM Mining.
“We will include results from this drilling program in an updated resource estimate in 2019. In addition to the increased resources announced earlier this year, these results would be included in an updated feasibility study. With ongoing project milestones including: a federal environmental assessment decision and benefits agreement with the Nisga’a Nation expected shortly, we continue to advance the high-grade, bulk-mineable Red Mountain deposit as one of the next underground gold mines in Canada,” added McLeod.
About IDM Mining
IDM Mining Ltd. is an exploration and development company based in Vancouver, BC, Canada focused on advancing the Red Mountain Gold Project towards production. The 17,125 hectare Red Mountain Gold Project is located in northwestern BC, 15 km northeast of the mining town of Stewart. In 2018, IDM announced a 20.7 percent increase in high-grade, near-surface measured and indicated resources at Red Mountain. Located near a paved highway and grid power, IDM envisions bulk underground mining methods, with gold-silver doré produced on site. The project is one of the most advanced gold projects in Canada, recently granted its Provincial Environmental Assessment Certificate, with a Federal Environmental Assessment Decision expected in January 2019.
To stop by IDM Mining’s website, CLICK HERE
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