Not only does IDM Mining (IDM, TSX-V) have an intriguing high-grade Gold production scenario in the works at Red Mountain near Stewart, approximately 80 km southeast of the Heart of Gold Camp, but last week the company announced multi-ounce Gold assays from surface sampling at the fascinating and very prospective Lost Valley area 4 km southwest of Red Mountain’s Marc/AV/JW zones.
Silver values up to about 35 ounces per tonne were also reported, making us even more pleased we added IDM to the BMR Top Opportunities List at 17 cents in early May.
Over the weekend, during our trip into the Golden Triangle, we were fortunate and grateful to get a chance to check out Red Mountain which included an underground tour (drilling in progress as IDM works toward upgrading resources for a bankable Feasibility Study) and a late afternoon hike at Lost Valley after a helicopter drop-off.
Lost Valley is not your typical surface sampling prospect.
The retreating Cambria icefield has exposed a vast area of never-seen-before rocks and structures that have prospectors and geologists hugely excited. They’ve identified extensive multi-phase quartz veining, typically with abundant coarse-grained pyrite, along with Molybdenite and local chalcopyrite and sphalerite mineralization over a broad area.
Look what’s under a melted glacier! – surface mapping and sampling at Lost Valley have identified multi-phase veining and shearing, hosting high-grade, intrusive-related, Gold-Silver-Molybdenum mineralization (BMR photo).
The high precious metals results sampled to date at Lost Valley, plus strong Molybdenum values along with anomalous rhenium, Copper and bismuth geochemistry, suggest an intrusive-related mineralizing system. To date, mineralization has been traced over a 1,200 x 1,000-m area with over 300 m of vertical relief on the valley walls.
The very experienced geologists who joined us were like kids at the Sugar Mountain Candy Store. Their eyes lighted up at every rock they picked up, some of them likely highly mineralized.
Lost Valley is the Ultimate Rock Show. That certainly doesn’t mean there’s a deposit underneath, but it’s sure going to be fun to find out if there is.
IDM’s Rob McLeod (far left) with 2 prospectors (BMR photo).
“Melting alpine glaciers have revealed significant new discoveries in the Golden Triangle area of British Columbia during recent years, including Pretium’s Valley of the Kings Gold-Silver deposit and Seabridge’s Mitchell Gold-Molybdenum deposit,” stated Rob McLeod, President and CEO of IDM.
Many investors are champing at the bit for IDM to drill some of these inviting targets at Lost Valley this summer, and McLeod will grant them their wish. He’s as excited as they are.
“The new, high-grade Gold, Silver and Molybdenum-bearing structures found over an extensive area at Red Mountain suggest that the Lost Valley area could be the latest discovery in this prolific region of the province. This area was under a glacier when I worked on the property as a junior geologist in the 1990’s and is now emerging as an exciting new zone of potential significance.”
Exploration crews are currently completing follow-up structural and vein density mapping and sampling, including chip-channel and saw-channel sampling. The objective is to refine initial drill targets to be tested later in this drilling season.
Lost Valley is underlain by a monzonite pluton, ringed by hornfelsed sediments and intruding the sulphide-rich Hillside porphyry. Multiple sets of veins have been identified and are being mapped and sampled as part of a continuing surface exploration program. Assays have been received for a total of 66 grab, channel and float/subcrop samples to date from throughout the target area at Lost Valley. Assay values range from trace to 165 g/t Au, averaging 10.5 g/t Au, as well as trace to 1,065 g/t Ag, averaging 81 g/t Ag. A total of 22 samples assayed over 3.0 g/t Au, averaging 30.45 g/t Au.
We interviewed Rob McLeod during our visit and we look forward to sharing his observations with our subscribers in the days ahead regarding the production and discovery opportunities at the Red Mountain Project.
Sampling returned high-grade Gold values from the area in the upper left portion of this BMR photo.
Note: Jon holds a share position in IDM.
NEWS…..Deveron
Deveron Receives Transport Canada Approval to Operate in Alberta, Saskatchewan and Manitoba; Invited to Present at St Louis InfoAg Conference
Toronto, Ontario – Deveron UAS Corp. (“Deveron” or the “Company”), is pleased to announce that the Company has received authority to operate under a Standing Special Flight Operations Certificate (“SFOC”), for its Unmanned Aerial Systems (“UAS”) in Alberta, Saskatchewan and Manitoba as a Restricted Operator – Complex Operations. The SFOC has been issued under the authority of Transport Canada pursuant to the Aeronautics Act. Under its SFOC, Deveron has received approvals to expand into western Canada with up to four different pieces of hardware.
A Standing SFOC is issued to allow operations within a defined geographical boundary (e.g. province) and removes the requirement to submit individual sites for prior approval, subject to certain conditions. A Standing SFOC is not issued until the UAV operator has gained sufficient experience and demonstrates a history of safe operations.
Deveron is a leading drone data service company for agriculture and now holds multi-jurisdictional standing SFOCs. The company is standardizing data collection and processing while it builds an enterprise solution for agricultural producers that now stretches multiple provinces in Canada. Having previously secured an SFOC for Ontario, the company now has capacity to operate from Ontario through into Alberta.
“As we build Deveron into one of Canada’s leading drone data service companies for agriculture, our focus has been to build a network that can service the enterprise. With SFOC approvals across multiple operating jurisdictions, the foundation is being built to serve farming clients from Ontario to the BC border. Collectively, there are over 80 million acres of farmland in Canada that can benefit from high resolution drone imagery,” commented Deveron’s President and CEO, David MacMillan.
InfoAg Conference
Deveron has been invited to participate at InfoAg, one of North America’s leading agriculture technology conferences being held in St. Louis. Deveron’s Head of UAS Agriculture, Norm Lamothe, will focus his presentation on the value to farmers of our drone data, analytics and prescriptions and on how Deveron has been able to recommend appropriate solutions for yield improvement and cost reductions across Ontario.
Comment by John - BMR — July 26, 2016 @ 3:34 am
Jon – in the bottom picture that off-colored vein is probably what??? TIA:)
Comment by Jeremy — July 26, 2016 @ 4:21 am
Gold, Jeremy – they did chip sampling in that upper left portion and got values in excess of 100 g/t Au. I grabbed a rock I believe I’ll submit for assaying, just for the heck of it.
Words can’t fully convey this spectacular area. McLeod could have something big on his hands at Lost Valley. Certainly he’ll make a great drill play out of it this summer – I suspect they’ll start drilling there at some point in August.
Comment by Jon - BMR — July 26, 2016 @ 5:40 am
re IDM Photo “Sampling returned high-grade Gold values from the area in the upper left portion of this BMR photo”.
Please who is the gentleman pictured in this BMR photo? I have never seen a photo of Jon and I am sure he is younger than this gentleman-although perhaps not, who knows, and I could not be described as being in the first flush of youth myself!Just to cover myself in case this is Jon, I would like to say that this gentleman looks rather distinguished and replete with wisdom and experience as one would expect of anyone associated with BMR!
Comment by DAVID — July 26, 2016 @ 10:06 am
David, that gentleman in the bottom picture is a veteran geologist (more distinguished looking than me, for sure). You’ll see a picture of me underground with Rob McLeod in the next few days. Brent Cook was also on the Lost Valley ground with me, in addition to several others.
Comment by Jon - BMR — July 26, 2016 @ 10:22 am
Thx Jon… looks like gold then it must be:)
Comment by Jeremy — July 26, 2016 @ 11:57 am
@Jeremy. It’s got that pistachio colour to it so my guess would be epidote alteration
Comment by MMA — July 27, 2016 @ 6:21 pm