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Enter Symbol
or Name
USA
CA



IDM Mining Ltd
Symbol IDM
Shares Issued 449,064,075
Close 2018-10-16 C$ 0.06
Market Cap C$ 26,943,845
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IDM Mining begins underground drilling at Red Mountain

2018-10-16 10:20 ET - News Release

Mr. Robert McLeod reports

IDM MINING COMMENCES UNDERGROUND DRILLING AT THE RED MOUNTAIN GOLD PROJECT

IDM Mining Ltd. has commenced underground drilling using two core rigs at the advanced-stage Red Mountain underground gold project, located west of Stewart, B.C. An estimated 7,600 metres in over 30 holes are planned. The company has a winterized camp and shop facility to support the program.

Exploration drilling during this program will primarily test four areas: a near-surface synform between the Marc and 141 zones; the northern and western extensions to the Smit and JW zones; a projected high-grade connection between the Smit and 141 zones; and the northern and eastern extensions to the SF zone antiform. Additionally, drilling will target conversion of inferred resources to measured and indicated classification, primarily within the Smit and SF zones.

"With our EA certificate recently received from B.C.'s provincial government, we are excited to be back drilling at Red Mountain, particularly to target areas identified by our geological team's new interpretation of untested high-amplitude fold closures and limbs," said Robert McLeod, president and chief executive officer of IDM Mining. "Each drilling program to date has systematically added high-grade measured and indicated resources that are amenable to underground bulk-mining methods."

It is expected that the drill program will be completed by early December, 2018.

About IDM Mining Ltd.

IDM Mining is an exploration and development company based in Vancouver, B.C., Canada, focused on advancing the Red Mountain gold project toward production. The 17,125-hectare Red Mountain gold project is located in northwestern British Columbia, 15 kilometres northeast of the mining town of Stewart. In 2018, IDM announced a 20.7-per-cent 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 dore produced on site.

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