Imaging Canada Liquidating Corp IMRSQ

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[jayjay0]

Any thoughts on is this good or great. Island Mountain provides project progress overview Island Mountain Gold Mines Ltd IGM Shares issued 22,735,477 Aug 25 close $0.10 Tue 26 Aug 2003 News Release Mr. J. Frank Callaghan reports 2003 EXPLORATION PROGRAM UPDATE The board of directors for Island Mountain Gold Mines has provided a progress overview on the 2003 exploration program on the company's property on the eastern flank of Island Mountain, 0.8 kilometre (km) west of the town of Wells, B.C., in the heart of the Wells-Barkerville gold camp. The focus of the current program is on stratigraphy similar to that hosting the Bonanza Ledge zone of International Wayside Gold Mines Ltd. (a related company) located southwest of the mine section, previously mined by former operators as the Island Mountain, Aurum and Mosquito Creek mines. Prior work concentrated on the contact zone between the Baker and Rainbow units, whereas the Bonanza Ledge zone (discovered in March of 2000, located 3.5 km to the southeast) lies structurally lower, well within the Rainbow unit. An induced polarization (IP) survey, conducted in 2001, outlined similar responses to that observed at Bonanza Ledge. Significant soil anomalies greater than one gram per tonne (g/t) gold (Au) (from surveys completed in 2001) coincide with the geophysical anomalies. Trenching of the anomalies has uncovered both vein and replacement style mineralization, with the best values to date obtained from the Crystal trench, from which two panel samples of silicified limestone returned greater than 100 g/t Au (samples 162602, 162604). Pyrite and arsenopyrite bearing mineralization 75 metres (m) (250 feet) southwest returned 21 g/t Au (sample 162606). Values up to 2.8 g/t Au and greater than 200 parts per million tungsten (W) from chip samples over five-foot intervals were obtained from a replacement style zone 100 m (350 feet) to the southwest of the Crystal trench (samples 162622, 162619). Drilling is currently under way in this area to test the continuity of the surface mineralization. Prospecting uncovered oxidized replacement mineralization returning 20 g/t Au from a grab sample 500 m (1,650 feet) to the southeast along trend of the Crystal trench (sample 197901). A pyritic quartz vein from this location returned 36 g/t Au (sample 197902). Followup outlined a 1.5-g/t-Au-in-soil anomaly upslope and uncovered two incompletely exposed strike veins to the northeast returning 4.1 g/t Au over five feet and 6.5 g/t Au over three feet (samples 162577, 162578). Several strike veins have been identified with similarities to the BC vein, which lie in the hanging wall of the Bonanza Ledge zone. One such vein (Teapot vein) exceeds 30 feet in width. Chip sampling is in progress. A soil sample collected approximately 800 feet along strike to the southeast returned 2.7 g/t Au (Sample 162595). trenching is currently under way in this area. Further assay results will be released as they are received. (c) Copyright 2003 Canjex Publishing Ltd.