IDM discovers new zone at Red Mountain
Last updated 9/11/2016 at Noon
IDM Mining Ltd. Sept. 6 published results from 13 underground holes drilled at it Red Mountain gold project, located 15 kilometers (nine miles) east of Stewart, B. C. Highlights from the recent underground drill results include: 13.77 averaging 5.72 grams per metric ton gold and 34.89 g/t silver in hole U16-1181, a step-out south of the Marc zone; 14.19 meters averaging 5.78 g/t gold and 24.15 g/t silver in hole U16-1185, drilled up-dip of Marc; U16-1187: six meters averaging 7.43 g/t gold and 12.51 g/t silver in hole U16-1187, which discovered the NK zone; and 15 meters averaging 15.52 g/t gold (capped) and 44.82 g/t silver in hole U16-1193, a Marc zone infill and metallurgical hole.
U16-1187, the NK zone discovery hole, was drilled vertically to test a projected step-out of isolated, historic intercepts below the Marc zone.
IDM said mineralization at NK occurs at a sediment-porphyry contact, about 100 meters below the underground workings.
The NK zone, named after assistant project manager Natalie King, is 70 meters outside of the current resource estimate at Red Mountain.
"In addition to the successful step-out holes to the south of the Marc Zone, the discovery of the NK Zone has significant potential for resource growth and highlights the many exploration opportunities at Red Mountain," said IDM Mining President and CEO Robert McLeod.
"Future drilling will target potential resource expansion from these wide and high-grade intercepts at the Marc and NK Zones as well as several other untested targets."