IDM Mining Ltd. has identified a new, extensive zone of multiphase veining and shearing, hosting high-grade, intrusive-related, gold-silver-molybdenum mineralization at the Lost Valley area of IDMs Red Mountain Project, in British Columbia (BC), Canadas Golden Triangle.
Melting alpine glaciers have revealed significant new discoveries in the Golden Triangle area of British Columbia during recent years, including Pretiums Valley of the Kings gold-silver deposit and Seabridges Mitchell gold-molybdenum deposit, said Rob McLeod, President and CEO of IDM.
High grades of molybdenum have also been identified at Lost Valley, BC, with all 66 samples ranging from trace to >1.0% Mo, averaging 0.17% Mo. The samples are also found to be strongly anomalous in Rhenium, assaying up to 1.65 g/t Re.