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IDM Mining Ltd.

03:15 PM EST - IDM Mining Ltd. : Announced the results of an updated resource estimate for the Red Mountain Gold Project , located in northwestern British Columbia near the town of Stewart, B.C. The updated resource includes the results from additional drilling completed by IDM during 2016 which expanded mineralization along strike to the north, south, and down-dip, as well as additionally upgrading previous inferred resources. This estimate has yielded a 32% increase in contained Measured & Indicated gold ounces, and an increase in average grade from 8.36 g/t to 8.75 g/t Au. IDM Mining Ltd. shares V.ID are trading up $0.01 at $0.11.