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iMetal Resources Inc V.IMR

Alternate Symbol(s):  IMRFF

iMetal Resources, Inc. is a Canadian junior exploration company focused on the exploration and development of its portfolio of resource properties in Ontario and Quebec. The Company’s projects include Gowganda, Ghost Mountain and Carheil. The Company’s flagship property, Gowganda West, is an exploration-stage gold project and is located within the Shining Tree Camp area in the southern part of the Abitibi Greenstone Gold Belt about 100 kilometers (km) south-southeast of the Timmins Gold Camp. Its 100% owned, Ghost Mountain property consists of 11 claim units (11 square kilometers (km2)) of land that straddles the gold-prolific Destor-Porcupine Structure in Kirkland Lake, Ontario. The 220 hectare Ghost Mountain property, 42 km Northeast (NE) of Kirkland Lake, lies five km West of Agnico Eagle's Holt and Holloway Mine. Its Carheil is an exploration-stage project with multi-metal potential. The project is about 170 km north of Rouyn-Noranda in the Northern Abitibi Greenstone Belt.


TSXV:IMR - Post by User

Bullboard Posts
Post by Horn1369on Feb 22, 2019 2:38pm
63 Views
Post# 29401260

News: iMetal Continues Drill Program at Gowganda West

News: iMetal Continues Drill Program at Gowganda West

Vancouver, BC / TheNewswire / February 22, 2019 - iMetal Resources Inc. (TSXV: IMR) ("iMetal" or the "Company") is pleased to announce that the Company has completed the first five holes of an expanded maiden drill program at the Zone 1 South target area of its Gowganda West Project, contiguous to Pan American Silver's Juby deposit and 15 km west of recently announced new discoveries at Canada Cobalt's Castle mine project.

iMetal's fourth and fifth diamond drill holes at Gowganda West extended the first three holes 50 meters to the north and 50 meters to the south. Core from the most recent two holes will be logged in the coming days, but additional logging of the first three holes further supports a widespread hydrothermal system with abundant fine-grained pyrite, pervasive silicification, quartz-carbonate veining and very distinctive Timiskaming-like red jasper conglomerate. This package within a sedimentary basin is considered to be an ideal host for gold. Core is being cut and sent in for assaying.

Johan Grandin, iMetal President and CEO, commented: "First-ever drilling at Gowganda West is off to a highly encouraging start. What we observed at surface in our successful sampling program is being intersected at depth, and that's what's most exciting. We look forward to continuing the drill program into March."

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