IDM Expands Underground Drilling at Red Mountain
The objective of the Phase I program is to expand mineralization to the north of the JW zone, following up on wide and high-grade historic intercepts. Additionally, drilling will step-out both up-dip and down-dip from the AV and JW zones, where mineralization can be traced for hundreds of meters from 2016 and historic drill intercepts, often with stacked, gently dipping mineralized zones. Phase I will consist of 8,000 meters (m) of core drilling in approximately 35 holes, using two underground diamond drills, collared from the production-sized underground decline.
“Our 2016 drilling program was successful in expanding mineralization in all of the major mineralized zones,” said Rob McLeod, CEO of IDM Mining. “The current strike length of resources within the Marc, AV and JW Zones is 600 m, with historic drilling intersecting gold mineralization for a further 800 m to the north.”
The majority of current resources at Red Mountain are hosted within three zones: Marc, AV and JW, each separated by post-mineralization faults. Located north of a fault bounding the JW zone, the SF Zone has received only minor, widespaced drilling and does not currently host any resources.
Initial drilling will step out on 25- to 50-m centers from these historic intercepts, covering approximately 300 m of strike length north of current resources. The 17,125-hectare Red Mountain gold project is located in northwestern British Columbia, 15 km northeast of the town of Stewart. IDM is currently completing a feasibility study for a highgrade, underground gold-silver mine.