Imetal Announce Drill Results from Their Gowganda WEST GOLD Project Located South of and Adjacent to the Juby GOLD Deposit Property
iMETAL ANNOUNCE DRILL RESULTS FROM THEIR
GOWGANDA WEST GOLD PROJECT LOCATED SOUTH OF
AND ADJACENT TO THE JUBY GOLD DEPOSIT PROPERTY
Vancouver, April 20th, 2020 – iMetal Resources, Inc. (TSX.V: IMR) (“iMetal” or the “Company”) is pleased
to announce recent drill results in Zone 1 that include 1.39 g/t gold over 3.35 meters on the Company’s
Gowganda West property located 20 km of Gowganda, Ontario and 90 km from Kirkland Lake, Ontario.
Drill Results in Zone 1
The new drill hole DDH IMGW 20-01 drilled in February, 2020 is a significant step out hole with the collar
located approximately 350 meters south of the collar for DDH IMGW-19-04 that was drilled early in 2019,
which intersected 1.07g/t gold over 6.65m, 0.41 g/t gold over 19.5m and 0.29 g/t gold over 34.1m (see
press release May 16th, 2019).
DDH IMGW 20-01 targeted one of numerous Induced Polarization (I.P.) anomalies located on Grid #1
that were identified by Abitibi Geophysics, Inc (“Abitibi”, see press release, Oct 4 th, 2019). The hole
location was selected to test a near surface first priority chargeability and resistivity I.P. anomaly labeled
GZ1-03b by “Abitibi”. This I. P. anomaly has a north-south strike length greater than 2 km and is
several hundred meters wide . It was drilled to a depth of 302 m. Significant new intercepts in this
anomaly from DDH IMGW-20-01 includes 0.69 g/t gold over 1.5m, 0.36 g/t gold over 4.25m and 1.39
g/t gold over 3.35m.
A summary of iMetal’s drill holes in Zone 1 and a geological desc ription by Qualified Person,
Dave Gamble can be found at https://imetalresources.ca/drill-results/
Proximity to the Juby Gold Deposit
iMetal Resources Inc. Grid # 1 with the 2019 and 2020 drill holes and I. P. geophysical targets extends
up to the common property boundary approximately 1.0 kilometer south of Pan American Silver’s Juby
deposit. This deposit is reported to contain 4M ounce s of gold. The indicated resource is stated as
1,090,400 ounces of gold 26.6 million tonnes at a grade of 1.28 g/t gold. A total 2,908,800 ounces of
gold in 96.2 million tonnes at a grade of 0.94 g/t gold resides in the inferred category.
Johan Grandin, P resident and CEO, commented : “ The gold zones that include the Juby deposit as
defined by Temex occur along and within the Tyrell Shear Zone that trends south-easterly and appears
to strike onto iMetal’s ground. We look forward to following up this mineralized trend and drill testing this
anomaly further, but also not to loose focus on the ground stretching over 7 km in length from north to
south between Zone 1 to Zone 3. This area requires further exploration surface work this summer with
the potential of f urther I.P. geophysical surveys and further drill testing of IP defined targets of which
there is certainly no shortage of targets to drill test.”
Contd./.2..
-2-
Dave Gamble, P. Geo and QP, commented: “The Gowganda West gold -bearing mineralizing system
characterized by extensive hydrothermal alteration and driven by quartz -feldspar porphyry dikes
interpreted as a potential heat source that drives the alteration system encourages iMetal to continue
geophysical surveys and drill testing targets in the >7 km long north -south gold trend from Zone 1 to
Zone 3, the width of the interesting area is over 3-4 km. The drill holes so far have clearly identified the
geological explanation for such anomalous I. P. target responses of both the high resistivity values that
are clearly attributed to pervasive silicification and bleaching, and high chargeability values attributed to
fine grained disseminated pyrite. A number of these well identified Abitibi I.P.targets will require further
drill testing.”
New Listing
iMetal has recently been notified that it now is a fully US traded bulletin board OTCQB traded stock with
the symbol “ADTFF”.
We seek safe Harbor
Quality Assurance/Quality Control
iMetal Resources employed a rigorous quality assurance/quality control program to ensure best practices
for drilling at Gowganda West. Activation Laboratories Ltd. (Actlabs), ISO certified, carried out the sample
analysis in its Timmins, Ont., facility. Samples were prepar ed using Actlabs' RX1 sample preparation
which consists of crushing the entire sample to 80 per cent and riffle splitting and pulverizing one 350 -
gram split to 95 per cent. A 50-gram subsample of the pulverized sample was subjected to Actlabs' 1A2-
50 analysis (fire assay with AA finish) and any analysis over 3,000 parts per billion was reassayed using
Actlabs' 1A3-50 analysis (fire assay with gravimetric finish). Actlabs is independent of the company and
has used internal quality assurance/quality control protocols.
The technical content of this news release has been reviewed and approved by Dave Gamble P.Geo.,
a qualified person as defined under NI 43-101.
ON BEHALF OF THE BOARD OF DIRECTORS,
Johan Grandin
President & CEO,
iMetal Resources Inc.
Tel. (604-739-9713)
510-580 Hornby St., Vancouver, BC, V6C 3B6.
https://imetalresources.ca
iMetal Resources Inc. is a Canadian based exploration company focused on the acquisition and exploration of prospective resource
properties. iMetal is focused on advancing its Gowganda West Project in Ontario, Canada. iMetal trades on the TSX Venture
Exchange under the ticker s ymbol IMR. For further information, please call 604 - 739-9713 or visit iMetal’s website
at www.imetalresources.ca.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release.