$$Pistol Pete$$, $$Mick$$ Uranium Rare Earth Gold Silver Metals Exporation

[mick]

#2/ The Week in Commodities / DM Mining Ltd. (TSX-V: IDM)(OTC: RVRCF)


Weekly Recap, and Translating the Fed's Newspeak
Gerardo Del Real Photo By Gerardo Del Real
Written Monday, August 29, 2016
Fed chairwoman Janet Yellen sent markets lower, then higher, then lower after her latest comments regarding the direction of interest rates and views on the economy.

DM Mining Ltd. (TSX-V: IDM)(OTC: RVRCF)

Also on August 24, 2016 IDM Mining announced that surface trenching has discovered a strongly mineralized structure at its Red Mountain Gold Project.

Assays at the Anda'adala'a Lo'op zone at the Lost Valley prospect showed channel samples that averaged 18.7 g/t Au and 61.4 g/t Ag over an average width of 0.84 meters, with individual assays of up to 34.6 g/t Au, 183.0 g/t Ag.

Much of the Lost Valley prospect was covered by ice during the initial discovery of the Red Mountain deposit in the 1990s.

Lost Valley is underlain by an Eocene multi-phase monzogranite that is similar in age to other molybdenum-bearing porphyry systems in the region, including the Kitsault molybdenum deposit about 55 kilometers to the south.

The news release went on to highlight that:

“In addition to the molybdenum mineralization, sheeted sets of banded quartz-sulphide veins are associated with later stage brittle faults and veins throughout the intrusion and the surrounding wall rocks. High grade gold, silver and copper mineralization is found within these veins which assay up to 165 g/t Au, 1,048 g/t Ag and 15.5% Cu. The veins vary from 5 to 100 centimeters in width and are traceable for up to a kilometer along strike.”


I normally wouldn’t make mention of trench results but the exploration potential seems interesting and is being led by President, CEO, and Director Rob McLeod.

Rob is a very successful and respected geoscientist who was founder and VP Exploration of Underworld Resources. Kinross Gold Corporation acquired Underworld for $140M after an initial resource estimate of over 1.4Moz gold at the White Gold Deposit in the Yukon.

He’s also currently a director of Lithium-X, Genesis Metals, Redstar Gold, Independence Gold Corp, and Gold Standard Ventures.