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IDM Mining’s Red Mountain Gold Project Enters Final Stage of Federal Environmental Assessment Process

by pmnationtalk on September 20, 2018192 Views

September 20th, 2018, Vancouver, BC – IDM Mining Ltd. (TSX.V:IDM) (OTCQB:IDMMF) (“IDM” or the “Company”) announces that the Canadian Environmental Assessment Agency (“CEA Agency”) has initiated the final stage of the Red Mountain Gold Project (“Red Mountain” or the “Project”) environmental assessment process.  Specifically, the CEA Agency has invited the public, Nisga’a Nation and interested stakeholders to comment on the draft Environmental Assessment Report and the Potential Conditions that would be applied and be legally binding following an approval of the Project by the Minister of Environment and Climate Change.

“We are nearing the completion of both the Provincial and Federal environmental assessment process for the Red Mountain Project,” said Michael McPhie, Chair of IDM Mining’s Board of Directors.  “With a decision from the Provincial government of British Columbia expected imminently and the Federal process entering its final stage, the full value of our high-value gold development project in BC’s Golden Triangle is near to being realized.”

This public comment period runs until October 18, 2018.  Links to the draft Environmental Assessment Report and potential federal conditions are provided below:

IDM encourages the public, interested parties and stakeholders to review and comment during the next month.

In 2017, IDM submitted an Application for an underground gold mine at Red Mountain, mill and tailings site in the adjacent Bitter Creek Valley, water treatment facilities, access road from Highway 37A just north of Stewart, BC and powerline interconnection from BC Hydro grid.    The Application Review phase included environmental and socioeconomic reviews with dozens of technical working group members and stakeholders, with respectful and thorough consultation with the Nisga’a Nation.

Canadian Environmental Assessment Act Review

The Project was referred by the BC Environmental Assessment Office (“BC EAO”) to the Minister of Energy, Mines and Petroleum Resources and the Minister of Environment for consideration and approval on August 28, 2018 (see IDM Press Release on August 29, 2018).  The Ministers’ have 45 days to make their decision.

The Project is also subject to a coordinated review by the CEA Agency under the Canadian Environmental Assessment Act, 2012 (CEAA 2012).  The Project is now entering the final public consultation stage of the federal process.  IDM anticipates receiving Federal approval from the Minister of Environment and Climate in late 2018 or early 2019.

ABOUT IDM MINING LTD.

IDM Mining Ltd. is an exploration and development company based in Vancouver, BC, Canada focused on advancing the Red Mountain Gold Project towards production.  The 17,125 hectare Red Mountain Gold Project is located in northwestern BC, 15 km northeast of the mining town of Stewart.  IDM recently announced increased high-grade, near-surface measured and indicated resources.  Located near a paved highway and grid power, IDM envisions bulk underground mining methods at the Project, with gold-silver doré produced on site.

ON BEHALF OF THE BOARD
of IDM Mining Ltd.

“Robert McLeod”

President, CEO and Director

For more information, contact:

Robert McLeod
604-681-5672 direct
604-617-0616 cell
rm@idmmining.com

Investor Relations:
Vanessa Pickering
604-681-5672 office ext 7112
604-202-2940 mobile
vp@idmmining.com

NT5

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