IDM Mining Ltd. (TSXV:IDM) reported additional results from 28 underground holes targeting the Marc and AV Zones (Figure 1). Results from the Marc
Zone returned the highest grade intersection to date of 1,400 g/t Au and 437 g/t Ag over 0.5m, within a wider interval of 149.24 g/t Au and 59.88 g/t
Ag over 4.88m (uncapped) in hole U17-1289. In addition, past and recent drilling have identified intervals of wide disseminated gold mineralization
between 150-300m down-dip from current reserves in both the AV and JW Zones, now named the Smit Zone. In the Smit Zone drilling was successful with
mineralization identified at the planned depth of a number of holes. The identification of this new zone, which remains open down-dip, at depth and
to the north, highlights the expansion opportunities that exist at Red Mountain and the company’s ability to grow reserves. Results are pending from
drilling near the surface outcropping of the 141 zone. We expect ongoing drilling news and development activities to be important catalysts for the
stock as the company remains focused on advancing the project towards construction (2018). IDM trades similarly to peers on a per ounce basis (C$53/oz
vs. peers at C$51/oz).
Derek Macpherson | VP Mining Analysis
Victoria Ellis Hayes | Associate
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IDM Mining Ltd. - TSXV:IDM - 1,2,3,4
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