IDM Mining is focused on exploring and developing the high-grade Red Mountain Gold project, located in the famous Golden Triangle of Northwestern B.C.,15 km east of the port community of Stewart.
Red Mountain hosts a NI 43-101 resource estimate of 2,771,300 tonnes in the Measured and Indicated Category averaging 7.91g/t Au and 22.75 g/t Ag, for 704,600 oz Au and 2,026,800 oz Ag, with an additional 316,000 tonnes in the Inferred Category, averaging 6.04 g/t Au and 7.61 g/t Ag, for 61,400 oz Au and 77,200 oz Ag.
IDM is well-advanced through the permitting of Red Mountain and received both its provincial and federal environmental assessment certificates.
On January 7, 2019, IDM and Ascot Resources Ltd. entered into a definitive agreement wherby Ascot will acquire all of the issued and outstanding common shares of IDM. The transaction is expected to close in March 2019.Presentation Fact Sheet