iMetal Discovers High-Grade Gold and Copper With Assays up to 34.44 gm/t Gold and 2.6% Copper
iMetal Discovers High-Grade Gold and Copper With Assays up to 34.44 gm/t
Gold and 2.6% Copper
14 February 2018
iMetal Resources Inc. (IMR – tsxv) (“iMetal” or the “company”) is pleased to announce results from its
ongoing winter program at its Gowganda West property in Northern Ontario.
Assay Results
Significant new assays have been received from Zone-3A from a stockwork of chalcopyrite and pyrite
mineralized quartz veins and quartz stringers. Three samples were collected; assay results are reported
below:
Sample 5578B: 34.44 gm/t gold and 2.6% copper
Sample 5579: 1.91 gm/t gold and 0.47% copper
Sample 5580: 0.61 gm/t gold and 0.18% copper
The Company believes this data further substantiates the presence of high-grade gold with copper at
Zone-3
Ongoing Exploration
Continued exploration on Zone-3 includes outcrop chip and channel sampling in the area between
Zones-3A and 3B to identify additional gold and copper mineralization and to establish future IP and drill
targets. The distance between Zones-3A and 3B is 300 meters. Assay results will be released as soon as
they are obtained.
New Target / Zone-4 Cobalt
Two areas of altered and silicified outcrop marked by cobalt bloom have been discovered 4km east of
Zone-3. The first area of interest is a century old 20-metre-long trench initially discovered earlier in 2017
(see press release, November 22nd, 2017). Approximately 700 metres north of this trench is an outcrop
area characterized by multiple quartz veins and host rock with cobalt bloom. Channel and grab sampling
in these areas is ongoing and results will be released as they are received from the assay laboratory.
The winter exploration program is greatly assisted by logging-roads and bridges currently under
construction in the immediate area of iMetal’s gold, copper, and cobalt targets. Tom O’Connor, iMetal’s
exploration manager states, “Our exploration continues to move forward with the discovery of
additional high-grade gold and copper mineralized quartz veins. To date, prospecting and rock sampling
has delineated additional targets on the property and opened up new possibilities for expanding our
existing zones. We have progressed significantly in a short period of time and look forward to results
from our ongoing winter exploration program that we believe will provide us with additional zones for
drill testing.”
A new “GWP Sample Results” map can be reviewed on the iMetal website at:
https://imetalresources.ca/gowganda-west/gowganda-west-maps/
The technical content of this Press Release has been reviewed and approved by Mark Fedikow, Ph.D.
P.Geo., a qualified person as defined under NI 43-101.
This Press Release was prepared by iMetal Resources Inc. Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the Policies of the TSX Venture Exchange) has
reviewed nor accepts responsibility for the adequacy or accuracy of this release.
We Seek Safe Harbor.
ON BEHALF OF THE BOARD OF DIRECTORS,
Brian Fagan
President & CEO, iMetal Resources Inc.