iMETAL Makes New Gold Discovery at Gowganda West VANCOUVER, BC / ACCESSWIRE / June 6, 2023 / iMetal Resources Inc. (TSXV:IMR) (OTCQB:IMRFF) (FRANKFURT:A7V) ("iMetal" or the "Company") is pleased to announce results from phase 1 of its 2023 drilling at the Company's Gowganda West ("GW") project. Drilling included seven holes totaling 2,490m. All seven holes intersected gold mineralization. Highlights include:
- 48.5m of 0.85 g/t Au starting at 316.5m
- Including 20m of 1.56 g/t Au, which includes 8.0m of 2.97 g/t Au
- Intersection is 350m west of previously known mineralization
"This discovery rewards our faith in Gowganda West and strongly suggests the area hosts significantly more gold than just the bordering Juby deposits. We will be mobilizing for further drilling in the immediate future and permits are already in place to follow up on this result," commented iMetal President and CEO Saf Dhillon.
"Our discovery lies wholly within the Timiskaming metasediments, making that entire rock package prospective for gold. Our technical team is now laying out an exploration program focusing closely on the large volume of potentially gold-hosting metasediments within the property boundaries. This discovery also confirms our belief in the potential of one of the most underexplored areas within the Abitibi," he continued.