GOLD: IDM ups Red Mountain resource numbers

BRITISH COLUMBIA – IDM Mining of Vancouver has significantly increased the measured and indicated resources as well as the gold grade at its Red Mountain project 15 km east of Stewart. The new numbers reflect additional drilling done last year that expanded mineralization along strike and down dip. A portion of the previous inferred resource was also upgraded. Red Mountain contains an estimated measured and indicated resource of 2.07 million tonnes grading 8.75 g/t Au, 25 g/t Ag and containing 583,700 oz of gold plus 1.66 million oz of silver. The inferred portion is 324,700 tonnes grading 5.21 g/t Au, 10 g/t Ag and containing 64,800 oz of gold and 105,500 oz of silver. A 3.0 g/t Au cut-off was used. [caption id="attachment_1003716879" align="alignright" width="300"] There’s a reason the property is called Red Mountain. (Photo: IDM Mining)[/caption] IDM said the new estimate represents a contained gold increase of 32% in the measured and indicated category. The average grade – 8.75 g/t Au – is notably above the 8.36 g/t estimated in 2016. Red Mountain is a porphyry-related hydrothermal gold system, located in the Stikine terrain. Gold mineralization is associated with, and partially hosted within an early to mid-Jurassic multi-phase intrusive complex, with associated volcanic and volcanoclastic rocks and sediments. Visit www.IDMmining.com for more information about the geology of Red Mountain.