STEWART, BRITISH COLUMBIA — Vancouver-based IDM Mining (TSXV: IDM; US-OTC: IDMMF) is steadily advancing its wholly owned Red Mountain gold project in northwestern British Columbia’s Golden Triangle region.
“We are about to have one of the few shovel-ready mines in Canada, and it’s going to do the one thing the mining business hasn’t lately — generate significant cash flow,” IDM president and CEO Robert McLeod tells The Northern Miner on a visit to the project.
Red Mountain stands between the Cambria Icefield and its largest outlet, the Bromley Glacier. From the nearby town of Stewart, it is a 10-minute helicopter ride. Placer mining began in the valley below Red Mountain in the early 1900s, when prospectors were leading Stewart’s first wave of European settlement.
The area’s history is one McLeod, a third generation Stewart miner, knows well. “IDM stands for Ian and Donald McLeod, two Stewart boys who did pretty well in life and mining,” McLeod says in reference to his late father and uncle.
Ian was a miner and pack horseman at a number of Golden Triangle mines before taking over his father’s hotel in Stewart. Donald is a member of the Canadian Mining Hall of Fame, who was known for his mining discoveries and developments throughout British Columbia. Robert McLeod’s personal ties to the project go beyond his hometown: his career as an exploration geologist began at Red Mountain when he was working for Lac Minerals in the early 1990s.
For the rest of this article: http://www.mining.com/__trashed-16/