RCKS Talk

Tuesday, February 13, 2018 Derek Macpherson

IDM’s New Geologic Model, Sets Up Spring Resource Update

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IDM Mining Ltd. (TSXV:IDM) has announced an updated and reinterpreted geological model, providing a reinterpretation of multiple zones, including the 141 zone which has been reoriented. This along with a total of 29,312m of core drilling completed in 2017 should result in an improved and modestly larger resource, when released this spring. The company has previously indicated that the 2017 drilling program was successful in expanding the known extents of all mineralized zones up and down-dip from current reserves and still remains open in several directions. Historic gold intercepts that were not previously included in the current resource will be combined with 2017 drilling data to contribute to the revised 2018 resource estimate expected to be completed by the spring of 2018. It is expected that since Osisko Gold Royalties Ltd. (TSX:OR) made a strategic investment in IDM, the company has benefitted from working with Osisko’s technical services group, Talisker Exploration Services Inc. We expect permitting updates and development activities to be important catalysts for the stock as the company remains focused on advancing the project towards construction (2018). IDM continues to trade at a discount to peers on a per ounce basis (C$42/oz vs. peers at C$54/oz).  read more


Thursday, December 07, 2017 Derek Macpherson

IDM Announces Final 2017 Drill Results

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IDM Mining Ltd. (TSXV:IDM) has released the final underground drill results for the 2017 season at the Red Mountain Gold Project in BC. The company released assays for 20 underground holes that includes resource expansion, metallurgical, infill and exploration holes bringing total drilling for 2017 to 29,312m, which includes 104 underground holes, 8 surface holes and 3 geotechnical holes. The company highlighted a step-out hole of 85.5m grading 1.24 g/t Au, an infill hole in the AV Zone of 25m grading 13.67 g/t Au and a metallurgical hole in the 141 zone of 85.21m grading 1.89 g/t Au. The company indicated that the drilling program was successful in expanding the known extents of all mineralized zones up and down-dip from current reserves and still remains open in several directions. We expect permitting updates and development activities to be important catalysts for the stock as the company remains focused on advancing the project towards construction (2018). IDM continues to trade at a discount to peers on a per ounce basis (C$33/oz vs. peers at C$45/oz).  read more


Thursday, November 30, 2017 Derek Macpherson

IDM Provides Update on Red Mountain

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IDM Mining Ltd. (TSXV:IDM) provided and update regarding development engineering work and optimization at its Red Mountain Gold Project in BC. Since announcing a feasibility study last June, the company has been performing pre-development engineering studies and supporting Mines Act permitting through detailed engineering and design. Highlights of pre-development work include metallurgical testing, evaluating potential modifications to the underground mine design, performing geotechnical site investigation drilling, performing a hydrotechnical assessment of Bitter Creek, competing programs to meet requirements for Mines Act permitting and the company has recently entered an agreement with BC Hydro to complete a System Impact Study. IDM has now completed all the engineering and design work required for Mines Act permitting. We expect ongoing drilling news, permitting updates and development activities to be important catalysts for the stock as the company remains focused on advancing the project towards construction (2018). IDM continues to trade at a discount to peers on a per ounce basis (C$33/oz vs. peers at C$44/oz).  read more


Friday, October 27, 2017 Derek Macpherson

IDM Announces Step-out Drill Results

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IDM Mining Ltd. (TSXV:IDM) released drilling results from their 2017 exploration program at their Red Mountain Gold Project. The drill results include a 17.25m intersection of 7.2 g/t Au and 51.7 g/t Ag. The company’s 2017 surface and underground resource expansion program includes both infill and exploration drilling with 29,312 meters already completed this year. The step-out drilling has been quite successful for the company in increasing the understanding of the extensions of the current reserves in the Marc, AV and JW zones and resources in the NK and 141 Zones. The company has also been able to identify two new zones through exploration drilling, which includes an extensive disseminated gold system in the Bray zone and the near-surface, high grade Chicka zone. Results continue to demonstrate the growth potential of Red Mountain, as mineralization is intersected outside of current reserves. 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 continues to trade at a discount to peers on a per ounce basis (C$36/oz vs. peers at C$48/oz).  read more


Wednesday, September 06, 2017 Derek Macpherson

IDM Reports Highest Grade Intersection to Date

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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). read more


Thursday, August 10, 2017 Derek Macpherson

IDM Extends Mineralization North of Current Reserves

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IDM Mining Ltd. (TSXV:IDM) released further results from three underground core holes targeting the SF Zone, at its Red Mountain project in BC. Importantly, step-out hole U17-1274 intersected high-grade mineralization north of current reserves, returning 12.28 g/t Au and 27.07 g/t Ag over 8m. Follow-up drilling is planned to target the areas around U17-1274 in 2017, as well as step out holes in the Marc, NK, AV and JW Zones including surface drilling in the 141 and Marc Zones. Results continue to demonstrate the growth potential of Red Mountain, as mineralization is intersected outside of current reserves. 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 continues to trade at a discount to peers on a per ounce basis (C$44/oz vs. peers at C$50/oz).  read more


Tuesday, July 11, 2017 Derek Macpherson

IDM Drill Results Show Potential to the North

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IDM Mining Ltd. (TSXV:IDM) released results for 14 holes completed from ongoing drilling at its Red Mountain project in B.C. Results focused on expansion, testing the extensions of current reserves in the JW and SF Zones (Figure 1). In the JW Zone, drilling intersected 10.65 g/t Au and 17.37 g/t Ag over 14.0m from step-out hole U17-1262. An important result which is the furthest up-dip in the section, noting the zone continues to remain open in this direction. To the north of the JW Zone, the SF Zone intersected comparable mineralization as seen in the Marc, AV and JW zones. 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 continues to trade at a discount to peers on a per ounce basis (C$39/oz vs. peers at C$50/oz). read more


Monday, July 10, 2017 Derek Macpherson

IDM Files Project Application & EIS for Red Mountain

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IDM Mining Ltd. (TSXV:IDM) has submitted the Project Application and Environmental Impact Statement (EIS) for its Red Mountain project, based on results from its recently completed feasibility study. The 30-day screening process begins which includes review from certain regulatory bodies. The company notes, it remains on track with respect to permitting and regulatory review for the project, aiming for production in 2019. In addition to recent development activities, we expect ongoing drilling news to be an important catalyst for the stock as the company remains focused on advancing the project towards construction (2018). IDM continues to trade at a discount to peers on a per ounce basis (C$39/oz vs. peers at C$50/oz). read more


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