IDM further expands Red Mountain zones
Last updated 12/11/2016 at Noon
IDM Mining Ltd. Dec. 6 reported results from the final 13 underground core holes completed during the 2016 season at its Red Mountain gold-silver project 15 kilometers (nine miles) east of Stewart, British Columbia.
Highlights from this batch of results include 27 meters averaging 6.2 grams per metric ton gold and 23.25 g/t silver in U16-1214, an infill hole in the AV zone; 6.49 meters of 21.36 g/t gold and 18.093 g/t silver in U16-1218, a step-out hole below the AV zone; 34.01 meters of 8.85 g/t gold and 13.28 g/t silver, in U16-1220, an infill and metallurgical hole at the AV zone; 18.22 meters of 9.12 g/t gold and 27.87 g/t silver in U16-1224, a step-out hole below the JW zone; and six meters of 12.75 g/t gold and 44.19 g/t silver in U16-1226, a step-out to the south of the Marc zone.
"The majority of IDM's drilling during 2016 was planned to upgrade resources and gather technical data for our feasibility study, however these results have extended the known limits to mineralization in all three primary zones with mineralization open for further expansion to the north, south and down-dip," said IDM Mining President and CEO Rob McLeod.
"Of particular significance is U16-1224, which intersected the widest portion of mineralization identified so far at the JW zone, suggesting potential for another thick area of mineralization as seen in the Marc and AV zones." An updated resource estimate slated for completion in early 2017 will be incorporated into an ongoing feasibility study program.
IDM is planning further underground resource expansion and exploration drilling at Red Mountain in 2017.