IDM Mining Ltd.
IDM Mining Ltd. is a mineral exploration and development company based in Vancouver, BC, Canada. The Company's current exploration and development activities are focused on precious metals in British Columbia, with a primary focus on the high-grade, underground Red Mountain Gold Project, location in the famous Golden Triangle of Northwestern B.C., which is advancing through the B.C. Provincial and Federal Environmental Assessment Processes.
IDM is led by a management team with deep roots in Northwestern British Columbia, with talented professionals having significant exploration, engineering, project finance and permitting experience.
Red Mountain Gold Project, British Columbia
The 17,125-hectare Red Mountain gold project is located in northwestern British Columbia, 15 kilometres northeast of the town of Stewart. IDM is advancing a feasibility study for a high-grade, underground gold mine, which envisions primarily bulk underground mining methods and the production of gold dore on site. The project is advancing through the provincial and federal environmental assessment processes, with comprehensive, thorough and continuing consultation with Nisga'a Nation.
Near-term High Grade Producer
Significant Exploration Potential
A NI 43-101 compliant resource of 2,074,700 tonnes in the Measured and Indicated Category averaging 8.75 g/t Au and 24.82 g/t Ag, for 583,700 oz. Au and 1,655,700 oz. Ag, with an additional 324,700 tonnes in the Inferred Category, averaging 6.21 g/t Au and 10.11 g/t Ag, for 64,800 oz. Au and 105,500 oz. Ag.
2017 Project Advancement
* Pre-tax using gold price of $1,250 USD. After tax IRR is 32.3%
Management and Directors
Robert McLeod, President and Chief Executive Officer, Director
Mr. McLeod is a professional geoscientist. Previously, he was founder and VP Exploration of Underworld Resources. He was VP Exploration and CEO of Full Metal Minerals Ltd. He has over twenty-three years' experience in mining and mineral exploration. He was previously Vice-President of Exploration for Atna Resources and is currently a director of Lithium-X, Genesis Metals, Redstar Gold, Independence Gold Corp. and Gold Standard Ventures.
Michael McPhie, Executive Chairman
In a career spanning more than 20 years Mr. McPhie has worked as a founder, director and executive leading the financing, permitting and development of resource projects on four continents. He is a specialist in regulatory, permitting, and governance issues in the mining sector globally. Mr. McPhie is the Founder and CEO of Falkirk Resource Consultants Ltd. and Managing Director of JDS Gold Ltd.
Susan Neale, Chief Financial Officer
Ms. Neale is a chartered accountant with over 20 years experience in corporate transactions, public markets and in-depth accounting and auditing, working with mineral exploration, development and operating companies in Canada and throughout the world.
Shobana Thaya, Investor Relations/Corporate Communication
Ms. Thaya is the principal of Vertex Strategies Inc., a Toronto based full-service marketing communications and investor relations firm.
Wayne Corso, Project Management – Engineering
Mr. Corso has over 33 years of diverse mining engineering experience. Over the past decade, Mr. Corso has been Vice-President of Engineering for JDS Energy and Mining Ltd.
Ryan Weymark, P.Eng., PMP, Project Director
Mr. Weymark was project manager of Ledcor Contractors Ltd. He was previously with Teck Resources Ltd., where he worked as a mining engineer, project manager, and short-range and long-range planning engineer.
Harry Pokrandt, Advisory Board
David Parker, Director
Andrew Farncomb, Director
Gernot Wober, Director
Duncan Middlemiss, Director
Please refer to IDM's website www.idmmining.com for complete biographies.
On May 26, 2017, IDM Mining Ltd. announced that it has completed the acquisition of the Red Mountain Gold Project from Seabridge Gold Inc. IDM acquired the 100-per-cent interest, subject to certain underlying agreements and royalties, pursuant to the option agreement entered into in April, 2014.
On May 23, 2017, IDM Mining Ltd. announced assays from the initial six underground core holes for the 2017 season at the Red Mountain gold project. To date, 23 underground drill holes have been completed as part of the continuing 2017 underground drilling program.
Drill Results Highlights: