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GOLD-SILVER: IDM says new Red Mountain PEA more robust
BRITISH COLUMBIA – IDM Mining of Vancouver has updated the preliminary economic assessment for its Red Mountain gold-silver project near Stewart, and the company says the numbers are more robust than the study done two years ago. The report was…
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GOLD-SILVER: IDM begins underground drilling at Red Mountain
BRITISH COLUMBIA – IDM Mining of Vancouver continues to rehabilitate the underground equipment and workings at the Red Mountain gold-silver project that it has optioned from Seabridge Gold. The property, 15 km east of Stewart, will be the site of…
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GOLD: IDM closes private placement for Red Mountain work
BRITISH COLUMBIA – Vancouver-based IDM Mining has closed a $10.85 million private placement with proceeds earmarked for the Red Mountain gold project 15 km east of Stewart. IDM issued 75.0 million common units at a price of $0.09 per unit…
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IDM advances Red Mountain in BC
IDM Mining’s (TSXV: IDM) Red Mountain gold project in northwestern B.C. is “one of the few near term development stories in Canada,” Robert McLeod, president and CEO, said in an early March corporate presentation in Toronto. McLeod is a third-generation…