IDM Mining Ltd. (TSX.V:IDM) (OTCQB:IDMMF) (“IDM” or the “Company”)
is pleased to announce the promotion of Ryan Weymark, P.Eng, PMP
from Project Director to Vice-President, Project Development,
effective immediately. In this role, as an officer of the
Company, Mr. Weymark will be responsible for ongoing
pre-development engineering, through potential construction and
production at the Red Mountain Underground Gold Project, located
15km east of Stewart, B.C. This work will include detailed
engineering, project scheduling, contract management, cost control,
supporting early-works and Mines Act permitting, with utmost
importance placed on safety and environmental management. He
will continue to build out IDM’s team of in-house mining
professionals and supporting consultants and contractors.
“Over the past six months, through completion of
our Feasibility Study and through detailed engineering at our
high-grade, bulk mineable underground gold deposit at Red Mountain,
Ryan has demonstrated that he is a young star in the mining
business, with a bright future in the industry,” said Robert
McLeod, President and CEO of IDM Mining. “I look forward to
continuing to work with him as VP Project Development as we
continue to optimize mining, processing and infrastructure
components.”
“I look forward to taking on this new challenge
as we advance Red Mountain towards a potential construction
decision,” said Ryan Weymark, P.Eng, VP Project Development of IDM
Mining. “We will shortly provide an update on advanced
engineering work performed during the 2017 season at the
Project.”
Ryan Weymark, P.Eng, VP Project
Development
Mr. Weymark joined IDM in the spring of 2017 as
Red Mountain Project Director. He was previously with Ledcor
Contractors Ltd., where as Project Manager he was responsible for
leading and reviewing estimates, contract and subcontract
negotiations, First Nation engagement, and managing operational
projects in the mining and heavy civil sectors. He was
previously with Teck Resources Ltd., where he worked as a Mining
Engineer, Project Manager and Short and Long-Range Planning
Engineer at several of Teck’s mines in British Columbia. He
started his career with SNC-Lavalin as a Mining Engineer in
training, working in a variety of sectors for this EPCM firm.
Mr. Weymark is a Professional Engineer with a B.A.Sc. from UBC in
Mining and Mineral Process Engineering, and is a Project Management
Professional (PMP). He is a third-generation miner and
engineer, with roots in British Columbia.
ABOUT IDM MINING LTD.
IDM Mining Ltd. is a mineral exploration and
development company based in Vancouver, BC, Canada. The
Company's current exploration and development activities are
focused on precious metals in British Columbia, with a primary
focus on the high grade Red Mountain Underground Gold Project which
has entered the BC and Canadian environmental assessment
processes. Further information can be found on the Company’s
website at www.IDMmining.com and on the Project’s website at
RedMountainProject.com.
ON BEHALF OF THE BOARDof IDM Mining Ltd.
“Robert McLeod”
President, CEO and Director
For more information, contact:
Robert McLeod604-681-5672604-617-0616
cellrm@idmmining.com
Investor Relations:Shobana Thaya
st@idmmining.com416-807-1009
Alex
Horsleyah@idmmining.com 604-773-7269
“Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in policies
of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release.”
Forward-Looking Statements:
Some statements in this news release contain forward-looking
information or forward-looking statements for the purposes of
applicable securities laws. These statements include, among
others, statements with respect to the proposed exploration and
development activities and their timing, resource estimates and
potential mineralization. These statements address future
events and conditions and, as such, involve known and unknown
risks, uncertainties and other factors, which may cause the actual
results, performance or achievements to be materially different
from any future results, performance or achievements expressed or
implied by the statements. Such factors include, among others
and in addition to those described elsewhere in this release,
timing and success of future exploration and development
activities, exploration and development risks, delays in obtaining
or inability to obtain required government or other regulatory
approvals, permits or financing, the risk of unexpected variations
in mineral resources, grade or recovery rates, of failure of plant,
equipment or processes to operate as anticipated, of accidents,
labor disputes, and unanticipated delays in completing other
development activities, the risk that estimated costs will be
higher than anticipated and the risk that the proposed mine plan
and recoveries will not be achieved, equipment breakdowns and bad
weather, the timing and success of future exploration and
development activities, exploration and development risks, mineral
resources are not as estimated, title matters, third party
consents, operating hazards, metal prices, political and economic
factors, competitive factors and general economic conditions.
In making the forward-looking statements, the Company has applied
several material assumptions including, but not limited to, the
assumptions that: required regulatory approval, permits and
financing will be obtained; the proposed exploration and
development will proceed as planned; with respect to mineral
resource estimates, the key assumptions and parameters on which
such estimates are based; that the proposed mine plan and
recoveries will be achieved, that capital costs and sustaining
costs will be as estimated, and that no unforeseen accident, fire,
ground instability, flooding, labor disruption, equipment failure,
metallurgical, environmental or other events that could delay or
increase the cost of development will occur, and market
fundamentals will result in sustained metals and minerals
prices. The Company expressly disclaims any intention or
obligation to update or revise any forward-looking statements
whether as a result of new information, future events or otherwise
except as otherwise required by applicable securities
legislation.
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