It was mushrooms that brought Shawn Ryan to the Yukon, but gold that secured his fortune and reputation. Specifically, soil sampling leading to the discovery of gold, millions of ounces of it. His Yukon exploits also brought him a measure of fame — the prospector appeared on the cover of the New York Times Magazine… Continue Reading
If Anglo’s woes symbolize the pain of production in a falling price environment, a property deal between two juniors announced after market close yesterday may hint at brighter days to come – the looming supply crunch and rising prices that inevitably follow a price crash. Rob McLeod’s IDM Mining (IDM-T) has signed an agreement with Oban… Continue Reading
The province of B.C. announced today it has initiated an environmental assessment of IDM Mining’s Red Mountain underground gold project near Stewart in northwestern B.C. IDM submitted the project description to provincial and federal goverment agencies in the summer, following two years of environmental baseline studies covering areas including surface and groundwater quality, hydrology, archeological assessments,… Continue Reading
Ascot Resources (AOT.v) is out with drill results and some impressive intercepts at its 100-sq-km property near Stewart in northwestern B.C., which includes the historic Premier Mine. Drilling highlights in the “Lunchroom subzone” included 226 g/t Au over 1 metre within a broader zone of 12.77 g/t over 53.89 metres in Hole P15-860, and 284 g/t… Continue Reading
In a horrific market for junior mining companies, IDM Mining CEO Rob McLeod was feeling optimistic ahead of his trip to the annual Precious Metals Summit in Beaver Creek, Colorado. Accompanying him to Colorado was IDM chairman Mike McPhie. I caught up with McLeod for a coffee earlier today, before he left. On his agenda… Continue Reading
From the world’s largest multi-commodity producers to the smallest, zombie junior exploreco, to the individual prospectors peddling their properties, the past four plus years have obviously been a disaster. Producers have cut back expenditures and sold assets to either achieve or sustain meager profitability; juniors have tried anything, generally with limited success: from ‘Hail Mary’… Continue Reading
As we reach the climax of the holiday season, the Christmas cheer on Howe Street is a mere shadow of bull markets in years past. The mining industry and our weary investors have been delivered yet another lump of coal in our collective stockings. Not even some nice high value met coal or anthracite, but… Continue Reading
There are few mining executives in Canada with the boardroom and community track records of our pal Mike McPhie, Executive Chairman of IDM Mining (www.idmmining.com) (TSX.V: IDM), Managing Director of JDS Copper and JDS Gold, Chair, BCIT and past Chair, AME BC. Mr. McPhie has over 20 years of global mining experience involving financing, permitting,… Continue Reading
IDM Mining (IDM.T) is one of just a few mining companies actively moving forward in a tough market environment. After raising close to $2.5 million in September the company has been busy drilling at the Red Mountain project 15km east of Stewart B.C. Red Mountain is located in BC’s Golden Triangle where the likes of Pretium Resources and Seabridge Gold are… Continue Reading
Company will drill 10 to 12 exploration holes from surface for roughly $400k Step-out drilling 141 Zone where previous intercepts include: 122.5 meters of 3.35 g/t Au including 6.0 meters of 32.87 g/t Au Two additional high-grade surface targets could result in new discoveries Another $2 million program underground to upgrade existing mineralization will follow… Continue Reading
I still own all of the shares from my first ever private placement. It was 1994, and I was working for Lac Minerals at the Red Mountain project, which I now manage for IDM Mining Ltd. (IDM.v). A few kilometers to the east of us, my Uncle Don McLeod had the Willoughby gold project in… Continue Reading
25 years have passed since the Eskay Creek discovery, claim staking rush and Vancouver Stock Exchange bubble. Murray Pezim was correct; it became one of the richest mines of all time! I was a dishwasher at my dad’s hotel in Stewart, B.C. when this five-part BCTV news series with Deborra Hope about the Golden Triangle… Continue Reading
British Columbia is about to have a new gold mine. This morning, IDM Mining (IDM:TSXV) released the results of their updated preliminary economic assessment (PEA) on the high-grade Red Mountain gold project located in Rob McLeod’s (President and CEO of IDM) hometown of Stewart, BC. “The great thing about the news today is that it is a simple, high-grade, low capex… Continue Reading
– Geologist shares secrets of White Gold sale, readies Red Mountain project near his hometown of Stewart, BC for prime time – New PEA could yield cheap, high-margin gold ounces – $10 million firm combines exploration, social license, engineering expertise – Here McLeod and McPhie tell the IDM Mining story on video for first time… Continue Reading
A couple of years ago I did an interview with junior mining analyst Brent Cook, and I asked him to name a few under the radar geologists to follow. One of his suggestions was a man by the name of Rob McLeod, born in Stewart, BC, and now a resident of North Vancouver. “Rob McLeod… Continue Reading
