No other province or territory has had two new precious metal mines reach commercial production less than 15 months apart.
IDM Mining Mining News
Hole U18-1361 returned one of the highest grade drill holes ever completed at Red Mountain.
Canadian Environment and Climate Change Minister, Catherine McKenna, said the proposed mine was not likely to have significant adverse effects if the 120 stipulated conditions were met.
The Vancouver-based miner said that the goal behind the proposed acquisition is to create a prominent BC gold exploration/development company.
The company has increased its drill program by 5,400 metres; it will now drill 13,000 metres across 54 holes.
Red Mountain stands between the Cambria Icefield and its largest outlet, the Bromley Glacier. From the nearby town of Stewart, it is a 10-minute helicopter ride.
The proposed a 147.2-hectare underground gold and silver mine is expected to produce 1,000 tonnes of ore per day.
The company expects both the province and the federal government environmental decisions on the gold-silver project to be issued in the third quarter of the year.
IDM Mining to commence resource expansion underground drilling at Red Mountain Gold Project and appoints project and mine managers
IDM Mining Ltd. is pleased to announce that crews have mobilized to its Red Mountain Project near Stewart, B.C. to initiate its spring 2017 phase I underground drilling program.
IDM Mining Ltd. is pleased to announce that it has entered into a non-binding letter of intent to sell IDM’s extensive portfolio of properties located in the Yukon to StrikePoint Gold Inc.
"We like small. Small is good."