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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


Wednesday, July 05, 2017 Derek Macpherson

IDM Expands Drilling at Red Mountain; Growth Continues

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IDM Mining Ltd. (TSXV:IDM) released results for 17 of the 50 holes completed to date from ongoing drilling at its Red Mountain project in B.C. Results from the AV Zone intersected 6.0 g/t Au and 16.78 g/t Ag over 7.0m from step-out hole U17-1232. In the JW Zone, step-out hole U17-1245 intersected 12.33g/t Au and 70.90 g/t Ag over 8.6m outside current reserves. In addition, results from the SF Zone intersected mineralization 150m along strike from current reserves (Hole U17-1252), resources currently do not exist in this area. As well, the company has increased the size of its 2017 drill program, adding an additional 10,000m of underground and surface drilling. Current results continue to suggest resources are likely to grow at Red Mountain. We expect ongoing drilling news to be a 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 consensus P/NAV basis (0.49x vs. peers at 0.60x) and on a per ounce basis (C$44/oz vs. peers at C$58/oz). read more


Tuesday, June 27, 2017 Derek Macpherson

IDM Completes Feasibility Study for Red Mountain

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IDM Mining Ltd. (TSXV:IDM) reported results from the feasibility study completed for its Red Mountain project in B.C. The feasibility study saw improvements over the 2016 PEA highlighting a slightly longer mine life along with improved grades and recoveries for both gold and silver. Costs increased; however, NPV improved to C$104 million after-tax with an IRR of 32% (Figure 1). Considering the increased engineering needed to complete a feasibility study (vs. a PEA), we view the study as neutral for IDM, since despite higher costs it is an important milestone (both permitting and engineering) as IDM advances Red Mountain towards production. Exploration continues to expand resources, as the company remains focused on extending the project’s mine life while advancing it towards production. IDM trades at a discount to peers on a consensus P/NAV basis (0.47x vs. peers at 0.61x) and on a per ounce basis (C$44/oz vs. peers at C$62/oz). read more


Thursday, June 08, 2017 Derek Macpherson

IDM Drill Results Suggest Mine-Life Extension Likely

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IDM Mining Ltd. (TSXV:IDM) reported initial results from exploration drilling to the north of the main zones at its Red Mountain project in B.C. From the SF zone Hole U17-1247 intersected 7.31 g/t Au and 5.22 g/t Ag over 5.38m including 19.30 g/t Au and 10.20 g/t Ag over 1.0m. Hole U17-1248 intersected 1.74 g/t Au and 16.80 g/t Ag over 37m including 4.93 g/t Au and 23.54 g/t Ag over 7.5m. Importantly, these results highlight the possibility for mine-life extension beyond what is proposed in the 2016 PEA or the pending feasibility study. Drilling is ongoing, including step-out holes from these results and historic holes from the SF Zone area. We expect additional results from the 2017 drill program and completion of a feasibility study (Q2 2017), coupled with the project’s ongoing de-risking (engineering and permitting), to be positive for the stock. IDM continues to trade at a discount to peers on a consensus P/NAV basis (0.50x vs. peers at 0.64x) and on a per ounce basis (C$48/oz vs. peers at C$61/oz). read more


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