Latest News

March 11, 2019
ISS and Glass Lewis Recommend IDM Mining Securityholders Vote for the Arrangement With Ascot Resources
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February 26, 2019
IDM Mining Mails and Files Special Meeting Materials in Connection With the Proposed Plan of Arrangement With Ascot Resources
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February 6, 2019
IDM Mining Trenches Average 7.2 g/t Au and 56.6 g/t Ag at Randell Vein, Red Mountain Project
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Company Overview

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
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Red Mountain Underground Gold Project
  • The Red Mountain Project is located in BC's prolific Golden Triangle
  • High-grade underground gold/silver development project
  • The previous 2017 Feasibility Study confirmed the positive economics for a near-term, low Capex, high-grade, bulk mineable underground gold operation near Stewart, BC and inexpensive grid power
  • Average M&I resource gold grade 7.91 g/t Au
  • Resource expansion potential
  • Permitting is well-advanced
  • Significant exploration potential
  • Same belt of rocks as Seabridge (KSM) and Pretium (Brucejack)