Nov 6 2014
IDM Mining Ltd. is pleased to announce that it has submitted a Project Description to the British Columbia Environment Assessment Office initiating an environmental assessment for the Red Mountain Underground Gold Project, located 15 kilometers northeast of Stewart, British Columbia.
Pursuant to section 10 of the BC Environmental Assessment Act, the BC EAO will review the Project Description in order to determine whether or not the Project will require an Environmental Assessment. As IDM anticipates that the Project will require an Environmental Assessment, work is well underway, including First Nation and stakeholder engagement, environmental baseline and hydrological studies and project engineering. This work is being done in preparation of filing its Application for an Environmental Assessment Certificate.
"The filing of the Project Description report is an important first step in permitting the Red Mountain Underground Gold Project," said Michael McPhie, Executive Chairman of IDM. "Since we acquired the property in April 2014, we have been working diligently to define the project footprint, collect necessary baseline data and engage with our stakeholders. We look forward to discussing our proposed development plans and receiving feedback in the months ahead."
"We are very excited about the prospects of developing a high grade, low capex and low cost underground gold mine near my hometown of Stewart," said Robert McLeod, President and CEO of IDM. "Our recent exploration success combined with the advancement of project permitting allows us to continue to add value to this very prospective property in BC's Golden Triangle."