trending Market Intelligence /marketintelligence/en/news-insights/trending/OuQMsuchr4vQmI9BuIonrA2 content esgSubNav
In This List

IDM Mining delineates new gold, silver mineralization at Red Mountain project

Blog

Japan M&A By the Numbers: Q4 2023

Blog

Infographic: The Big Picture 2024 – Energy Transition Outlook

Case Study

An Oil and Gas Company's Roadmap for Strategic Insights in a Quickly Evolving Regulatory Landscape

Blog

Essential IR Insights Newsletter Fall - 2023


IDM Mining delineates new gold, silver mineralization at Red Mountain project

IDM Mining Ltd.reported July 19 that an ongoing exploration program at its Red Mountain property in British Columbia has identifieda new zone of gold and silver mineralization in the Lost Valley area of the project.

Goldand silver have also been identified at the Waterfall prospect, located about 700meters to the southwest of Lost Valley.

The company, noting that the new area was formerly covered bythe Cambria ice field, said that surface mapping and sampling completed to datehas returned grades of up to 165 g/t of gold, with an average of 10.5 g/t, whilesilver grades range up to 1,065 g/t with an average of 81 g/t. Assays have been received for66 samples, with mineralization delineated over an area measuring 1,200 meters by1,000 meters.

IDM Miningis focused on identifying initial drill targets at Lost Valley for potential testinglater this year. A phase-one underground drill program is being undertaken at RedMountain, focused on upgrading and expanding resources.