IM Exploration Announces Results of 2019 Work Program at Mulloy Project
IM Exploration Announces Results of 2019 Work Program
at Mulloy Project
Toronto, Ontario, January 28, 2020 – IM Exploration Inc. (CSE: IM) (the "Company”) is pleased
to announce the results of its initial exploration program at its Mulloy Graphite Project in
Rowlandson Township, Ontario (the “Property”).
As reported in the Company’s news release dated December 4, 2019, the work at the Property
consisted of 10 kilometres of preliminary line-cutting, followed by 9 kilometres of geophysical
surveying, both magnetic and electromagnetic (H LEM). Exploration efforts were concentrated
around a prospective target at the western boundary of the Property.
Exploration Program Results
Two conductors were identified from the November-to-December 2019 survey.
The first conductor (“Conductor A”) is coincident with a strong magnetic high and is interpreted to
be associated with a potential iron formation. In the vicinity of the Property, iron formations can
be associated with base metal and gold mineralization. The conductor extends roughly east-west
across the entire survey area (500 metres) and remains open at both ends.
The second conductor (“Conductor B”) shows a slightly weaker response with no significant
magnetic correlation. The lack of a magnetic response would suggest that Conductor B
represents a graphite target. Conductor B runs parallel to Conductor A for approximately 200
metres and remains open to the west of the survey area.
Further exploratory sampling and drilling would be required before the Company can confirm
these interpretations.
The maps below illustrate the results of the geophysical survey (Figure 1 and 2).
Figure 1. Total field magnetic survey.
Figure 2. HLEM Survey.
With these results now available, the Company’s management and board of directors intend to
undertake further planning with technical personnel to evaluate various means for most effectively
advancing the Company’s progress, both at the Property and at the corporate level.
The technical contents of this news release were approved by Case Lewis P. Geo., a qualified
person as defined by National Instrument 43-101.
About the Mulloy Graphite Project
The Mulloy Graphite Project is located approximately 85 km west-northwest of the town of Hearst,
Ontario and consists of 64 single cell mining claims located in Rowlandson Township, Porcupine
Mining Division, Ontario, comprising approximately 1329 hectares. The property is prospective
for graphite mineralization, as historical drilling on the property by Shell Canada in 1978
intersected two roughly 20-metre intervals of graphite mineralization while exploring the property
for gold and silver mineralization. Additionally, the Property is located 15 kilometres west of
Zenyatta Ventures’ Albany Graphite Deposit.
About IM Exploration Inc.
The Company is a mineral exploration and development company focused on exploring the
Property in Northern Ontario.
For further information contact:
Joel Freudman
President and Chief Executive Officer
Tel: (647) 880-6414
Caution Regarding Forward-Looking Information
This news release contains statements and information that, to the extent they are not historical fact,
constitute "forward-looking information" within the meaning of applicable securities legislation. Forward-
looking information is based on the reasonable assumptions and estimates of management with respect to
the Company’s exploration program and corporate strategy, made based on experience and management’s
perception of current conditions and expected deve lopments, all of which management believes to be
reasonable in the circumstances at the date hereof, but which may ultimately prove to be incorrect. Forward-
looking information herein includes statements rela ting to the Company’s exploration program at the
Property and its overall corporate and strategic planning.
Forward-looking information involves known and unk nown risks, uncertainties and other factors that may
cause the actual results, performance or achievement s of the Company to differ materially from the
outcomes expressed or implied by the forward-looki ng information herein, including, but not limited to,
challenges in analyzing exploration data, general risks associated with mineral exploration activities,
possible changes to corporate strategy regarding the Property and generally, and potential needs for
additional financing. Accordingly, readers should no t place undue reliance on any such forward-looking
information. The Company does not undertake any obligation to update any forward-looking information
herein to reflect new developments after the date hereo f, except as required by applicable securities
legislation.
The Canadian Securities Exchange has neither appr oved nor disapproved the contents of this news
release. The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy
of this news release.