IDM Mining is focused on exploring and developing high-grade, low capex precious metal projects in stable jurisdictions. Our flagship Red Mountain Gold Project hosts a high-grade resource, amenable to bulk underground mining. In addition, the company maintains a 100% ownership of its Champion Hills discovery in the Carolina Slate Belt in the southeastern USA.
The Red Mountain Project is an advanced stage gold project located in north western British Columbia 18km east-southeast of Stewart, BC. Over $40 million in work has been completed on the property by previous operators and includes: 127,300 metres of surface and underground drilling, 2000 metres of underground development, and advanced environmental, metallurgical, and engineering studies. A 43-101 compliant resource was completed on the project in 2013. At 3 g/t cut-off, the resource estimate consists of 1,138,000 tonnes averaging 8.7 g/t gold in a Measured Category, 473,000 Tonnes at 7.7 g/t gold in an Indicated category, and 807,000 tonnes at 5.4 g/t gold in an Inferred category*.Champion Hills is comprised of multiple historic mines and pits, including the Hoover Hill Mine, North Carolina’s largest past producing gold mine. The Company has drilled significant intervals of gold mineralization at the Loflin and Jones-Keystone prospects. Deposits in the Carolina Slate Belt include: the Ridgeway Mine, which produced 1.5Moz of gold from 1988 to 1999, and Romarco’s Haile Gold Mine which has a resource of 4.8Moz of gold and is currently moving through permitting. The Champion Hills project will be advanced toward an initial resource estimate as Romarco approaches a permitting decision at Haile.