[caption id="attachment_1003723663" align="aligncenter" width="507"] Underground exploration drilling at IDM’s Red Mountain gold project. (Image: IDM Mining)
BRITISH COLUMBIA – IDM Mining
of Vancouver has significantly increased the resources at its Red Mountain gold project in the Golden Triangle near Stewart. The estimate relies heavily on underground drilling done in 2017.
Gold contained in the measured resource is up 39.2%, and the tonnage is up 46.7% to 1.8 million tonnes. The measured and indication resources now total 2.8 million tonnes grading 7.91 g/t gold and 22.75 g/t silver for 704,600 contained oz. of gold and 2.0 contained oz. of silver.
The inferred resource decreased slightly to 316,000 tonnes averaging 6.04 g/t gold and 7.60 g/t silver for 61,400 contained oz. of gold and 77,200 contained oz. of silver.
IDM says the new resource numbers use information from previous drilling plus the 29,312 metres it completed in 2017. The company is re-examining last year’s feasibility study that was prepared using a 3 g/t gold cut-off. Lowering the cut-off to 2.5 g/t gold would add about 300,000 tonnes to the measured and indicated tonnage and 85,500 tonnes to the inferred category, it said.
A detailed examination of the Red Mountain project is available at www.IDMmining.com.