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W I N T E R 2 0 1 4 Photographs : IDM Mining
operate nine months out of the year, with annual closing from
December to the end of February for maintenance and to avoid
the high snowfall of northwestern B.C.
The
PEA was prepared by Vancouver-based JDS Energy and
Mining Ltd., with input from a number of other specialized
consulting and advisory firms in infrastructure development,
metallurgy, environmental science and geology.
"Completion of a positive preliminary economic assessment
is a critical milestone for
IDM," says McLeod. "With capital
and operating costs estimated to be among the lowest in the
global gold industry, and a near-term development plan that
provides a clear path to commercial operations, the [PEA]
out-
lines both the potential economic and technical viability of the
project."
McLeod says that with additional drilling and engineering
work, he expects the project's economics can be made even
better than they already are. "There are two parts to the Red
Mountain story," he says. "First, there's enough gold there for a
$75-million mine. But Red Mountain is also part of the largest
mineralizing system in B.C., with a major exploration upside.
That's thanks to the rapid glacial retreat in the area, which has
exposed new rocks."
The 17,125-hectare Red Mountain gold project is located 15
kilometres northeast of Stewart. Discovered in 1989, the prop-
erty was explored extensively until 1996 by Lac Minerals Ltd.
(Top left) IDM Mining's
president and CEO Rob
McLeod, flanked by JDS
Energy & Mining's Jeff
Stibbard and IDM Mining's
executive chairman
Michael McPhie; (top right)
Channel sampling; (bottom)
Helicopter at the aptly
named Red Mountain.
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