18 www.resourceworld.com
D E C E M B E R / J A N U A R Y 2 0 1 8
g/t silver, up-dip step-out;
• 141 Zone: MC17-11 intersected 55.50
metres averaging 1.03 g/t gold, southerly
step-out;
• Chicka Zone: MC17-18 intersected three
metres averaging 15.03 g/t gold in newly
identified zone.
Red Mountain has a NI 43-101 measured
and indicated resource of 2,074,700 tonnes
averaging 8.75 g/t gold and 24.82 g/t sil-
ver, for 583,700 oz gold and 1,655,700 oz
silver, with an additional 324,700 tonnes
inferred, averaging 6.21 g/t gold and 10.11
g/t silver, for 64,800 oz gold and 105,500
oz silver. After-tax IRR is 32% with low-
coast bulk mining cost of US $492/oz.
Imperial Metals Corp. [III-TSX;
IPMLF-OTC] owns and operates the Red
Chris copper-gold mine 80 km south of
Dease Lake. Third quarter production was
19.65 M lbs copper and 8,426 oz gold, up
27% and 37%, respectively, from the sec-
ond quarter.
International Samuel Exploration
Corp. [ISS-TSXV; ISSFF-OTC] has recently
completed acquisitions totaling 27,240
contiguous hectares in the heart of the
Golden Triangle. Potential for further
technical work to develop strong drill
targets at Grizzly and Lucifer showings.
The company also owns the Mickey David
property.
Jaxon Minerals Inc. [JAX-TSXV;
JXMNF-OTC] has signed an option agree-
ment to acquire a 100% interest in the
Foremore property 30 km north of Eskay
Creek and 75 km north of Pretium's
Brucejack property. The Foremore prop-
erty extends north to Jaxon's 3,900-hectare
Wishbone property, expanding the contig-
uous land holdings in the region to almost
20,000 hectares which the company has
renamed the More Creek property.
Currently, work is focused on the
Hazelton Project south of the Golden
Triangle. Drilling has begun (1,200 metres)
on the Max target at its 44,000-hect-
are silver-lead-zinc Hazelton Project in
the Skeena Arch 50 highway km from
Smithers.
Jayden Resources Inc. [JDN-TSXV]
reported encouraging drill results from
