Imetal Provides Update ON Summer Exploration Activities
iMETAL PROVIDES UPDATE ON SUMMER EXPLORATION ACTIVITIES
VANCOUVER, British Columbia, Sept ember 9th, 2020 – iMetal Resources Inc. (TSX.V: IMR )
(OTCBB: ADTFF) (FRANKFURT: A7V2) (“iMetal” or the “Company”) is pleased to provide an
update on exploration activities conducted this summer.
The Company recently identified additional key areas of interest at its Gowganda West project
and conducted a sampling program. The primary focus which garnered attention fr om the
technical team was an area evaluated previously by R. MacCallum circa 2011 on Gowganda
West
(http://www.geologyontario.mndm.gov.on.ca/mndmfiles/afri/data/imaging/20000007029/20010
086.pdf).
The MacCallum stripping and sampling returned 18.71 g/t gold within:
- 2,000 m NNW of the Juby Main Zone.
- 500m NEE of Juby B Zone Extension (0.89 g/t Au over 29.85m incl. 5.85 g/t Au over
1.1m).
- 500m NE of Juby B Zone (2.33g/t Au over 5.33m, 33.74 g/t Au over 0.97m and 1.22 g/t
Au over 10.66m).
- 1,000m NNE of No. 13 Zone (234 g/t Au over 1.5m).
- 200 meters from iMetal’s common boundary with Caldas Gold Corp (“Caldas” -TSX:
CGC) within the Tyrell Structural Zone.
Mineralization is associated with a sheared ultramafic intrusive in contact with Archean meta
sediments and a strongly bleached and silicified quartz porphyry with significant ankerite
alteration and disseminated pyrite.
The secondary focus this summer, was the extensive common eastern border with Caldas and
south of the Juby Main Deposit . Since discovery, significant exploration work has been
performed and a large volume of data reviewed. This historic assessment work at Juby was
re-evaluated and areas of anomalous gold in soil and rock in conjunction with chargeability
trends and geophysical anomalies from last year’s VTEM and IP reports (see press releases,
May 16th, 2019 and October 4th, 2019) were targeted for additional geological evaluation.
Several areas of interest have been generated with samples submitted to the lab and assays
are pending.
A map showing iMetal’s exploration work this summer can be found at;
https://imetalresources.ca/summer-2020-exploration-target-areas/
Johan Grandin, CEO of iMetal commented, “We are very excited about this year’s ongoing
exploration program as we are working to identify which areas should be prioritized. T he
appointment of Mr. Dhillon as President and the recently announced financing will enable iMetal
to complete additional exploration work such as ground geophysics, VTEM in key unexplored
areas along with drilling of multiple high priority targets. There are over a dozen priority drill
targets at Gowganda West, which have been identified by Abitibi Geophysics Inc., (“Abitibi”)
using their proprietary OreVision® IP technology, see press release October 4th, 2019. We are
also very excited regarding the new developments at Ghost Mountain, where Kirkland Lake
Gold and Newmont just announced a US$75 million exploration program, with the focus being
the Holt Complex, see press release, Kirkland Lake Gold (TSX: KL), August 17th 2020”.
Saf Dhillon, President of iMetal commented, “I am encouraged by the previous exploration work
at Gowganda West and looking forward to working with Johan to further develop this project . I
am also impressed with the quality of potential at iMetal’s second 100% owned project, the
Ghost Mountain property, and can’t wait for further analysis of it.” Ghost Mountain is contiguous
on 3 sides by Kirkland Lake Gold (TSX: KL) and lies on the Destor-Porcupine Fault system.
The property, consists of seven claim units (eleven square kilometers) of land and straddles the
gold-prolific Destor-Porcupine Structure in Kirkland Lake, Ontario”.
About iMetal Resources Inc.
A Canadian based junior exploration company focused on the exploration and development of
its portfolio of resource properties in Ontario and Quebec. iMet al is focused on advancing its
100% owned Gowganda West Project that borders the Juby Project, an advanced exploration -
stage gold project located within the Shining Tree area in the southern part of the Abitibi
greenstone belt about 100 km south-southeast of the Timmins gold camp.
The Company is also advancing its 100% acquired Ghost Mountain property that consists of
seven claim units (eleven square kilometers) of land, straddling the gold- prolific Destor -
Porcupine Structure in Kirkland Lake, Ontario. This property is located a couple kilometres west
of Kirkland Lake Gold’s, Holt and Holloway Mine and the Destor -Porcupine gold camp has
historically produced over 70 million ounces of gold.
Wade Kornik, P.Geo., has approved the technical information contained in this release. Mr.
Kornik is a consulting geologist and is a Qualified Person as defined by National Instrument
43-101.
ON BEHALF OF THE BOARD OF DIRECTORS,
Johan Grandin
Chief Executive Officer
iMetal Resources Inc.
Tel. (604-739-9713)
588-580 Hornby St., Vancouver, BC, V6C 3B6.
https://imetalresources.ca
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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 mater ially from those in forward -looking statements. Factors that could cause actual results to differ
materially from those in forward -looking statements include 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.