IDM Mining Promotes Weymark to VP Project Development
VANCOUVER, British Columbia, Nov. 07, 2017 (GLOBE NEWSWIRE) -- 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 BOARD
of IDM Mining Ltd.
“Robert McLeod”
President, CEO and Director
For more information, contact:
Robert McLeod
604-681-5672
604-617-0616 cell
rm@idmmining.com
Investor Relations:
Shobana Thaya
st@idmmining.com
416-807-1009
Alex Horsley
ah@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.