The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 51 - 63 of 63
IDM Mining Ltd. Aug. 24 reported the discovery of a high-grade gold-silver zone at the Lost Valley prospect of its Red Mountain gold project near Stewart, B C. Named Anda'adala'a Lo'op, or "money rock" in the language of the Nisga First Nation, this zone is part of a series of stacked, high-grade structures overprinting vertical sets of porphyry-style quartz-sulfide veins. "This discovery, which appears to be part of a stacked set is an obvious new drill target at Red Mountain," said IDM President and CEO Rob McLeod....
IDM Mining Ltd. Nov. 1 posted results from another 10 underground holes drilled during the phase-1 exploration program at its Red Mountain gold project near Stewart, British Columbia. U16-1194, drilled in the AV zone, cut 23.13 meters grading 5.81 grams per metric ton gold and 16.11 g/t silver; U16-1202, drilled in the JW zone, cut 17.81 meters of 6.45 g/t gold and 60.7 g/t silver; and U16-1205, drilled in the Marc zone, cut 8 meters of 20.29 g/t gold and 68.74 g/t silver. The information from these infill and metallurgical...
With the goal of finalizing a feasibility study for its Red Mountain project in northwestern British Columbia by early 2017, IDM Mining Ltd. completed roughly 5,300 meters of underground during an initial phase of 2016 drilling during aimed at upgrading and expanding the gold-silver deposit identified there. In April, the company published an updated resource for the project located 15 kilometers (nine miles) northeast of Stewart that includes 1.64 million metric tons of measured and indicated resource averaging 8.36...
When judging the health of global mineral exploration, British Columbia seems to be the perfect model. In 2015, roughly C$272 million was invested in discovering and delineating mineral deposits in B.C., down some C$66 million from 2014. This 19.5 percent drop is in lockstep with the decline in global mineral exploration budgets for the same period, according SNL Metals & Mining's World Exploration Trends report. Likewise, B.C. exploration decreased about 60 percent from the...
IDM Mining Ltd. Nov. 28 reported assays from 10 underground holes drilled this year at the Red Mountain gold project in northwestern British Columbia. This batch of drill results are primarily from JW, one of four zones that encompass 1.64 million metric tons of measured and indicated resource averaging 8.36 grams-per-metric-ton (441,500 ounces) gold and 26 g/t (1.38 million oz.) silver. Infill holes at JW were targeted to potentially upgrade areas of inferred resource to the...
IDM Mining Ltd. Sept. 6 published results from 13 underground holes drilled at it Red Mountain gold project, located 15 kilometers (nine miles) east of Stewart, B. C. Highlights from the recent underground drill results include: 13.77 averaging 5.72 grams per metric ton gold and 34.89 g/t silver in hole U16-1181, a step-out south of the Marc zone; 14.19 meters averaging 5.78 g/t gold and 24.15 g/t silver in hole U16-1185, drilled up-dip of Marc; U16-1187: six meters averaging...
IDM Mining Ltd. Aug. 16 posted results from the first four underground core holes completed this year at its Red Mountain gold project near Stewart, B. C. The initial phase of 2016 exploration at Red Mountain includes infill and step-out drilling from the current resource, as well as collecting material for metallurgical, geotechnical and hydrological testing. Highlights from the first four holes, all drilled in the Marc zone, include: 20.66 meters averaging 6.48 grams per...
Millrock Resources Inc. June 10 reported the purchase of Willoughby, a high-grade gold prospect in the Golden Triangle region of Northwest British Columbia. The 995-hectare (2,460 acres) claim block is located three kilometers (two miles) east of the Red Mountain gold project being developed by IDM Mining Ltd. and eight kilometers (five miles) south of Millrock's Poly and LNT gold-copper properties. High-grade gold and silver intercepts were reported by exploration programs...
IDM Mining Ltd. May 18 said an initial review of historical exploration data has identified targets in three priority areas of the 14,500 Yukon Territory mining claims it acquired from Oban Mining in January. Data gathered by Ryan Gold, as well as other historical holders of the claims, includes results from more than 158,000 soil samples, airborne geophysical surveys, reconnaissance mapping and sampling, and more than 10,000 meters of drilling. Review of this data has...
IDM Mining Ltd. April 4 provided an updated resource estimate for its Red Mountain gold project located in northwestern British Columbia about 15 kilometers (nine miles) northeast of Stewart. Red Mountain now hosts 1.64 million metric tons of measured and indicated resource averaging 8.36 grams per metric ton (441,500 ounces) gold and 26 g/t (1.38 million oz.) silver. "With the release of today's updated resource estimate for the Red Mountain project, another milestone has...
IDM Mining Ltd. Feb. 16 said the British Columbia Environmental Assessment Office has issued a section 11 order for the Red Mountain underground gold project that outlines the scope and requirement of the provincial environmental assessment, as well as the public and Aboriginal consultation procedures. A preliminary economic assessment outlines plans for a 1,000-metric-ton-per-day mill producing 55,000 ounces of gold and 171,000 oz. of silver per year over a five-year mine...
IDM Mining Ltd. Dec. 17 reported clsoing a C$1 million private placement with Oban Mining Corp. This investment provides IDM with funds to pay Seabridge Gold Inc. a final pre-production option payment to acquire full ownership interest, subject to underlining royalties, in the Red Mountain gold project near Stewart, B. C. "Oban is a dynamic mining company led by a highly respected team with expertise in geology, engineering, operations and the capital markets. Their...
IDM Mining Ltd. Dec. 8 reported that it has entered a binding agreement to acquire Oban Mining Corp.'s extensive portfolio of precious and base metal properties in the Yukon Territory. Oban also has agreed to subscribe for 11,111,111 IDM common shares at C9 cents each, for gross proceeds of C$1 million, by way of a non-brokered private placement. "IDM is excited to welcome Oban Mining as a significant shareholder," said IDM President and CEO Rob McLeod. The Yukon portfolio con...
