IDM_Logo.jpg

IDM Mining Ltd.

Company Data | Introduction | Projects in Hand | Management
News Update
| Chinese

Address :  Suite 1800, 555 Burrard Street
Vancouver, BC
Canada V7X 1M9
Tel No.: 604-681-5672
Web Site: www.idmmining.com
E-mail: st@idmmining.com
Contact Person: Shobana Thaya
Position: Investor Relations / Corporate Communication


Company Data

Traded Market: TSX-V; OTCQB
Traded Symbol: IDM; IDMMF
Outstanding Shares: 358,823,843
52 Week High: $ 0.26
52 Week Low: $ 0.12
Present Price: Click Here


Introduction

Idm1.jpg

Idm2.jpg

Idm3.jpg

Idm4.jpg

Idm5.jpg

Idm6.jpg

Idm7.jpg

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.


Projects in Hand

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

  • High grade underground gold-silver development project
  • Low cost bulk mining ($440 US/oz)
  • $45 million invested with 2,000 meters of UG development in place
  • Near term (target 2019) production
  • Low capex
  • Resource expansion potential
  • Permitting well advanced
  • Supportive First Nations and community

Significant Exploration Potential

  • Same belt of rocks as Seabridge and Pretium
  • Located in prolific BC Golden Triangle
  • 17,125 ha property with numerous showings and potential
  • Ice retreat has exposed many new areas
  • Mineralized horizon extends >800m north of current resource
  • New significant discovery at Lost Valley
  • Near surface resource and expansion potential at 141 zone and Rio Blanco

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.

2016 NI 43-101 Resource Estimate

Class

Tonnage

Au

(g/t)

Ag

(g/t)

Au

(oz)

Ag

(oz)

Measured

1,246,000

9.40

30.00

376,400

1,194,000

Indicated

828,700

7.78

17.00

207,300

461,700

M & I Total

2,074,700

8.75

25.00

583,700

1,655,700

Inferred Total

324,700

6.21

10.00

64,800

105,500

Recent Milestones

  • Project Economics: Strong economics with IRR of 42.4%*
  • Payback period 1.9 years*
  • Updated resource with 32% increase in contained Measured and Indicated ounces; grade increased to 8.75 g/t Au
  • 2016 drilling expanded resources to north, south and downdip; Au/Ag discovery at Lost Valley

2017 Project Advancement

  • Resource expansion and exploration drilling underground is underway and surface is planned
  • Feasibility Study underway including engineering studies, tailings and water management design
  • Complete studies/engineering and file Project Application to entre next phase of permitting.

* Pre-tax using gold price of $1,250 USD. After tax IRR is 32.3%

Investment Highlights

  • Grade: High-grade underground gold deposit, 7.0 g/t Au life of mine, fully diluted
  • Permitting: Environmental Assessment and permitting well advanced, Environmental Assessment Certificate expected in early 2018
  • FS: Feasibility study underway
  • Bulk mineable: low cost mining: average stope thickness 16 metres
  • Pro-mining jurisdiction: Stewart is home turf for the McLeod family
  • Rapid Payback and Expansion Potential: low cost mining, low capex and significant expansion potential
  • Fast Tracked: Near-term production; investment decision in 2018
  • Ease of Development: Close to work force, port, grid power and highway
  • Golden Triangle: Valley of Kings, Eskay Creek, Premier, KSM in same belt
  • Potential: Impressive Exploration upside along 16km mineralized trend
  • Expandable: Existing Resource wide open to expansion
  • Affordable: Sub US$100 million Capex
  • Strategic Shareholders: 79% with 11 major shareholders


Management

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.


News Update

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:

  • U17-1228: 1.82 metres (true width) at 19.25 grams per tonne gold and 35.65 grams per tonne silver (AV zone stepout);
  • U17-1229: 6.23 metres (true width) at 12.95 grams per tonne gold and 48.83 grams per tonne silver (AV zone stepout);
  • U17-1231: 5.00 metres (true width) at 8.78 grams per tonne gold and 53.04 grams per tonne silver (AV zone stepout);
  • U17-1233: 25.00 metres (true width) at 6.15 grams per tonne gold and 37.69 grams per tonne silver (JW zone infill).


  Disclaimer

Copyright (c) 2000 - 2017 Chinese Investment Club Inc.
All Right Reserved. Do not duplicate or redistributed in any form.
版權所有, 未經同意, 不得以任何形式轉載或翻印