https://www.miningweekly.com

IDM to update Red Mountain feasibility study to include additional resources

19th June 2018

By: Mariaan Webb

Creamer Media Senior Deputy Editor Online

     

Font size: - +

TSX-V-listed IDM Mining has significantly increased the mineral resources of its Red Mountain project, which company president and CEO Robert McLeod said would likely be the next underground gold mine in British Columbia.

Following the 2017 underground drilling programme, IDM on Tuesday reported a 39.2% increase in measured gold ounces, or 147 000 oz, and a 46.7% increase in measured tonnes, or 581 900 t, at a grade of 8.92 g/t gold.

The measured and indicated gold ounces increased by 20.7% to 704 600 oz of gold and 2.03-million ounces of silver at an average grade of 7.91 g/t gold and 22.75 g/t silver.

The measured and indicated tonnes increased by 33.6% to 2.77-million tonnes.

IDM would include the updated mineral resource estimate, along with improved geological interpretation and engineering optimisation work, in an updated feasibility study, which would be completed in the autumn of 2018.

McLeod also reported that the Red Mountain project’s environmental assessment and the environment impact statement review were at an advanced stage.

Edited by Creamer Media Reporter

Comments

The content you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at subscriptions@creamermedia.co.za.

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION