IDM Mining has completed its 2018 underground drilling program at the advanced-stage Red Mountain Underground Gold Project located in the Golden Triangle east of Stewart in the Canadian province British Columbia.
The Company completed the drilling program using three core rigs from a winterized camp and shop facility located adjacent to production-size underground workings.
40 holes for 10,000 meters were completed during this program. Exploration drilling focused on testing folded extensions to the prospective mineralized horizon, as well as step-out drilling from current resources and the conversion of inferred resources to measured and indicated.
Drilling emphasis included the near-surface ‘Chicka’ synform, located between the Marc and 141 zones, as well as stepping out up to 200 meters west of resources in the Smit and JW Zones.
Step-out holes targeting the hinge and east limb of the ‘Marc’ antiform were also completed, with holes testing multiple areas up-dip of the AV, JW and SF zones. Resource conversion drilling primarily targeted the Smit and SF zones.
IDM Mining president and CEO Robert McLeod said: “We are pleased with the validation of our geological model which has significantly opened up exploration potential near the current underground workings at Red Mountain.
“We will include results from this drilling program in an updated resource estimate in 2019. In addition to the increased resources announced earlier this year, these results would be included in an updated feasibility study.
“With ongoing Project milestones including: a federal Environmental Assessment decision and Benefits Agreement with the Nisga’a Nation expected shortly, we continue to advance the high-grade, bulk-mineable Red Mountain deposit as one of the next underground gold mines in Canada.”
All core has been cut and shipped from the Property for analysis. Assays are currently pending for all drill holes from the 2018 program, as well as select resampling of historic core and from surface sampling and trenching programs. Since this summer, assay turnaround has exceeded 90 days but is expected to improve dramatically.
IDM acknowledges the exemplary performance during the 2018 season by its team of miners, geologists, technicians and support personnel, and contractors from Matrix Camp Services, Morecore Drilling, Adapt Mountain Safety and Yellowhead Helicopters, under the leadership of Project Manager, Marilyne Lacasse and Mine Manager, David Green.
Source: Company Press Release