Imetal Completes Drone Mag at Ghost Mountain IN Ontario’S Prolific Abitibi Greenstone GOLD Belt
IMETAL COMPLETES DRONE MAG AT GHOST MOUNTAIN IN ONTARIO’S
PROLIFIC ABITIBI GREENSTONE GOLD BELT
VANCOUVER, British Columbia – June 22nd, 2022 – iMetal Resources Inc. (TSX.V: IMR ) (OTCBB:
ADTFF) (FRANKFURT: A7V2) (“iMetal” or the “ Company”) is pleased to announce the completion of a
drone magnetics survey at its 220-hectare Ghost Mountain property , located 42 kilometres northeast of
Kirkland Lake, Ontario, in the Abitibi Greenstone Gold Belt.
“The recent successes at Agnico Eagle ’s Holt and Holloway Mine, 5 kilometres east of the Ghost
Mountain property necessitates a closer look at Ghost Mountain. The Drone mag survey was the first
step generating exploration targets. Upon receipt of the final report from Abitibi Geophysics, we will
dispatch field crews to ground truth anomalies and prospect the ground for gold mineralization targets,”
commented iMetal President & CEO Saf Dhillon.
Ghost Mountain has a long, sporadic exploration history going back to the 1950’s. Originally, the ground
around Ghost Mountain was prospected and drilled for asbestos, with one hole completed on the current
claim block. The hole appears to have been drilled perpendicular to stratigraphy, intersecting pe ridotite
from bedrock to full depth at 695ft (211.8m) . The next drilling took place in 1974, with one hole drilled
within the claim block. Intermediate volcanics, rhyolite, graphitic tuff and andesite were interested, with
several areas of quartz veins and sulfides noted. A further drill hole was completed in 1983, in the
opposite direction to the 1974 hole, intersecting metasediments and andesites, with local areas of quartz
veins and sulfides . One hole was drilled south of the claim block in 1991, with th e last 75 metres
underlying the current claim block, intersecting mafic and ultramafic volcanics. The ultramafic carried
ankerite, sericite and fuchsite, with fracture filling pyrite. The final historic drilling was completed in 1993,
with one hole lying within the current property. This hole was an extension of an earlier hole, intersecting
mafic to ultramafic volcanics with strong to pervasive ankerite and local sericite and fuchsite. There were
no assays filed with any of the drill logs.
The drone magnetic survey was undertaken to highlight geophysic al anomalies that may be related to
structural zones or corridors which may have acted as conduits and/or hosts for precious metal
mineralization. While assay results from the historic drilling are not available, areas of intense alteration,
quartz veining and sulfides were noted in the drill logs, supporting the potential of the Ghost Mountain
property.
The scientific and technical information contained in this news release has been reviewed and approved by
R. Tim Henneberry, P .Geo (British Columbia), a director of iMetal and a qualified person as defined in
National Instrument 43-101.
About iMetal Resources Inc.
A Canadian based junior exploration company focused on the exploration a nd development of its portfolio
of resource properties in Ontario and Quebec. iMetal is focused on advancing its Gowganda West Project
that borders the Juby Project, an advanced exploration -stage gold project located within the Shining Tree
Camp area in the southern part of the Abitibi Greenstone Gold Belt about 100 km south -southeast of the
Timmins Gold Camp.
ON BEHALF OF THE BOARD OF DIRECTORS,
Saf Dhillon
President & CEO
iMetal Resources Inc.
Tel. (604-484-3031)
Suite 550, 800 West Pender Street, Vancouver, British Columbia, V6C 2V6.
https://imetalresources.ca
Neither the 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.
This news release may include forward-looking statements that are subject to risks and uncertainties. All
statements within, other than statements of historical fact, are to be considered forward looking. Although
the Company believes the expectations expressed in such forward -looking statements are based on
reasonable assumptions, such statements are not guarantees of future performance and actual results
or developments may differ materially from those in forward-looking statements. Factors that could cause
actual results to differ materially from those in forward-looking statements include results of exploration,
variations in results of mineralization, relationships with local communities, market prices, continued
availability of capital and financing, and general economic, market or business conditions. There can be
no assurances that such statements will prove accurate and, therefore, readers are advised to rely on
their own evaluation of such uncertainties. We do not assume any obligation to update any forward -
looking statements except as required under the applicable laws.