iMETAL Makes New Gold Discovery at Gowganda West
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
o 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.
Figure 1 - Plan Map of Gowganda West showing 2023 drilling.
The GW property contains a large package of Timiskaming metasediments, approximately 7 km
in strike and up to 5 km in width. This package hosts all the gold mineralization thus far
discovered on the property. The results in IMGW-23-04 indicate the whole package of sediments
is prospective for gold, and so future work programs will focus not only on drilling off the new
discovery, but in further investigating the full rock package.
Table 1 - Significant ResultsTable 1 - Significant Results
Hole # From To Length Au (g/t)
IMGW-23-
01
97.00 98.00 1.00 1.08
IMGW-23-
01
223.35 223.65 0.30 0.47
IMGW-23-
02
131.10 132.50 1.40 0.61
IMGW-23-
03
51.50 52.50 1.00 0.43
IMGW-23-
03
66.58 67.85 1.27 0.73
IMGW-23-
03
153.00 154.50 1.50 1.04
IMGW-23-
03
229.60 230.76 1.16 0.65
IMGW-23-
03
269.15 272.28 3.13 0.50
IMGW-23-
04
42.00 43.00 1.00 2.26
IMGW-23-
04
122.00 126.10 4.10 0.77
IMGW-23-
04
221.00 222.00 1.00 0.63
IMGW-23-
04
226.50 228.00 1.50 0.51
IMGW-23-
04
231.00 232.50 1.50 0.69
IMGW-23-
04
297.00 298.28 1.28 0.71
IMGW-23-
04
300.10 301.03 0.93 0.57
*IMGW-23-
04
316.50 365.00 48.50 0.85
*including 334.50 354.50 20.00 1.56
*including 346.50 354.50 8.00 2.97
*including 350.00 351.50 1.50 7.80
IMGW-23-
05
93.50 94.04 0.54 0.25
IMGW-23-
06
27.35 27.95 0.60 0.46
IMGW-23-
06
175.00 176.00 1.00 0.51
IMGW-23-
07
311.50 312.40 0.90 0.38
The interval in IMGW-23-04* and three intervals with asterisk's above in Table 1 are
characterized by a coarse-grained to boulder-sized conglomerate, with moderate to pervasive
silica alteration associated with a large intermediate-mafic dyke. The strongest silica alteration is
associated with the highest-grade interval shown in Photo 1.
Photo 1 - Mineralized core from whole IMGW-23-04.
Gowganda West is an exploration-stage gold project about 100 km south-southeast of Timmins,
Ontario; contiguous to Aris Mining's Juby Project in the Shining Tree Camp of the southern part
of the Abitibi Greenstone Gold Belt; and also contiguous to the Knight project that is part of the
Strategic Partnership between Orefinders Resources Inc. and Agnico Eagle Mines Ltd. iMetal
recently completed a 2,611 m drilling program in the fall of 2022 which intersected a new gold
trend. The Property also has multiple-ounce grab samples from trends that have yet to be drill
tested.
QA/QC Protocols
iMetal adheres to a strict QA/QC program for core handling, sampling, sample transportation
and analyses. Drill core was securely transported to the rented core facility near Cobalt which
has gate only access. Samples were sawn in half, labelled, placed in sealed, securitized bags and
shipped directly to ALS Laboratories in Sudbury for analysis. ALS Geochemistry Sudbury is a
Standards Council of Canada (SCC) accredited facility that conforms with both CAN-P-1579
and CAN-P-4E ISO/IEC 17025.
QA/QC control procedures included the systematic insertion of duplicate, blank, and certified
reference materials (CRM) at a rate of approximately one CRM per 16 samples into the sampling
stream. Geochemistry analyses consisted of gold by fire assay and atomic absorption
spectrometry (Au-AA26) with overlimit values subsequently analyzed using the gravimetric
finish (Au-GRA22) technique. No anomalies were noted in the QA/QC.
The scientific and technical information contained in this news release has been reviewed and
approved by Scott Zelligan, P. Geo (Ontario), VP Exploration of iMetal and a qualified person as
defined in National Instrument 43-101.
Drilling Results
Table 2 - Drillhole Locations (UTM NAD83 Zone 17N)
Hole # Easting Northing Azimuth Dip
IMGW-23-
01
502891 5270110 46 -48
IMGW-23-
02
502891 5270110 50 -58
IMGW-23-
03
502883 5270111 25 -42
IMGW-23-
04
502503 5269991 226 -44
IMGW-23-
05
503103 5269942 229 -45
IMGW-23-
06
503109 5269943 165 -90
IMGW-23-
07
503311 5269964 85 -46
Table 3 - Results
Hole # From To Length Au
(g/t)
IMGW-
23-01 97.00 98.00 1.00 1.08
Hole # From To Length Au
(g/t)
IMGW-
23-01 223.35 223.65 0.30 0.47
IMGW-
23-02 131.10 132.50 1.40 0.61
IMGW-
23-03 51.50 52.50 1.00 0.43
IMGW-
23-03 66.58 67.85 1.27 0.73
IMGW-
23-03 153.00 154.50 1.50 1.04
IMGW-
23-03 229.60 230.76 1.16 0.65
IMGW-
23-03 269.15 272.28 3.13 0.50
IMGW-
23-04 42.00 43.00 1.00 2.26
IMGW-
23-04 122.00 126.10 4.10 0.77
IMGW-
23-04 221.00 222.00 1.00 0.63
IMGW-
23-04 226.50 228.00 1.50 0.51
IMGW-
23-04 231.00 232.50 1.50 0.69
IMGW-
23-04 297.00 298.28 1.28 0.71
IMGW-
23-04 300.10 301.03 0.93 0.57
IMGW-
23-04 316.50 318.00 1.50 0.25
IMGW-
23-04 318.00 319.50 1.50 0.88
IMGW-
23-04 319.50 321.00 1.50 0.42
IMGW-
23-04 321.00 321.80 0.80 0.52
IMGW-
23-04 321.80 323.00 1.20 0.27
IMGW-
23-04 323.00 323.92 0.92 0.05
Hole # From To Length Au
(g/t)
IMGW-
23-04 323.92 325.42 1.50 0.55
IMGW-
23-04 325.42 327.00 1.58 0.21
IMGW-
23-04 327.00 327.75 0.75 0.32
IMGW-
23-04 327.75 329.25 1.50 0.29
IMGW-
23-04 329.25 330.00 0.75 0.01
IMGW-
23-04 330.00 331.50 1.50 0.01
IMGW-
23-04 331.50 333.00 1.50 0.60
IMGW-
23-04 333.00 334.50 1.50 0.05
IMGW-
23-04 334.50 336.00 1.50 1.49
IMGW-
23-04 336.00 337.50 1.50 0.61
IMGW-
23-04 337.50 339.00 1.50 0.04
IMGW-
23-04 339.00 340.50 1.50 0.93
IMGW-
23-04 340.50 342.00 1.50 0.38
IMGW-
23-04 342.00 343.50 1.50 0.63
IMGW-
23-04 343.50 345.00 1.50 0.32
IMGW-
23-04 345.00 346.50 1.50 0.59
IMGW-
23-04 346.50 347.65 1.15 1.39
IMGW-
23-04 347.65 348.35 0.70 1.96
IMGW-
23-04 348.35 350.00 1.65 1.57
IMGW-
23-04 350.00 351.50 1.50 7.80
Hole # From To Length Au
(g/t)
IMGW-
23-04 351.50 353.00 1.50 2.42
IMGW-
23-04 353.00 354.50 1.50 1.90
IMGW-
23-04 354.50 356.00 1.50 0.27
IMGW-
23-04 356.00 357.50 1.50 0.26
IMGW-
23-04 357.50 359.00 1.50 0.52
IMGW-
23-04 359.00 360.50 1.50 0.21
IMGW-
23-04 360.50 362.00 1.50 0.47
IMGW-
23-04 362.00 363.50 1.50 0.37
IMGW-
23-04 363.50 365.00 1.50 0.47
IMGW-
23-05 93.50 94.04 0.54 0.25
IMGW-
23-06 27.35 27.95 0.60 0.46
IMGW-
23-06 175.00 176.00 1.00 0.51
IMGW-
23-07 311.50 312.40 0.90 0.38
About iMetal Resources Inc.
iMetal is a Canadian based junior exploration company focused on the exploration and
development of its portfolio of resource properties in Ontario and Quebec. One of its Flagship
properties Gowganda West, is an exploration-stage gold project that borders the Juby Deposit
and is 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. The 665-hectare Kerrs
Gold deposit comprises a series of gold-bearing pyritized quartz vein replacement breccias with
a 2011 historic resource, 90 kilometres ENE of Timmins. The 220-hectare Ghost Mountain
property, 42 kilometres NE of Kirkland Lake, lies 5 kilometres W of Agnico Eagle's Holt and
Holloway Mine.
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.
SOURCE: iMetal Resources, Inc.