iMetal Resources Commences 2025 Drilling at Gowganda West
iMetal Resources Commences 2025 Drilling at
Gowganda West
Vancouver, British Columbia--(Newsfile Corp. - October 1, 2025) -
iMetal Resources Inc. (TSXV: IMR)
(OTCQB: IMRFF) (FSE: A7VA)
("
iMetal
" or the "
Company
") is pleased to announce it has
commenced the 2025 Phase I drill program at the Company's Gowganda West ("GW") project. The
drilling will be focused in the area of IMGW23-04, the spring 2023 discovery hole of 48.5m of 0.85 g/t Au
starting at 316.5m (see News Release dated 2023-Jun-06).
A program of approximately 2,000 metres is planned with 4 to 6 holes to be drilled to test the discovery
zone along strike and dip and also to test for additional bands of mineralization in the footwall. Diafor Inc.
of Riviere-Heva, Quebec will undertake the drill program and Laurentia Exploration Inc. of Jonquiere,
Quebec will provide technical and geological supervision.
"We have been patiently working toward this next drill program at Gowganda West and are eager to
finally see the drill bit turning once again," commented iMetal President & CEO Saf Dhillon. "With recent
developments at the contiguous Juby Deposits, including the purchase by McFarlane Lake Mining
Limited (MLM), we expect to see additional positive developments in the Abitibi's Shining Tree District."
The Gowganda West property hosts a large package of gold prospective Timiskaming metasediments,
approximately 7 km in strike and up to 5 km in width, that hosts all the gold mineralization thus far
discovered on the property. Successive drill programs advancing to the southwest continued to intersect
increasing alteration and gold values in suspected NW trending zones and lead directly to the IMGW23-
04 discovery hole. The 48.5m gold interval is characterized by a coarse-grained to boulder-sized
conglomerate, with moderate to pervasive silica alteration associated with a large intermediate-mafic
dyke. There appears to be a strong correlation between the intensity of the silica alteration and
increased gold grades.
Gowganda West is an exploration-stage gold project about 100 km south-southeast of Timmins, Ontario;
contiguous to McFarlane Lake Mining's Juby Deposits 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's fall 2022
and spring 2023 drill program were successful in intersecting new gold trends in the SW section of the
property. The Property also has multiple-ounce grab samples from trends that have yet to be drill tested.
Qualified Person
The technical content of the New Release has been reviewed and approved by R.Tim Henneberry,
P.Geo. (BC), a director of the Company and a Qualified Person under National Instrument 43-101.
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. The flagship property Gowganda West, is an
exploration-stage gold project with a recent discovery hole of 48.5m at 0.85 g/t gold 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 220-hectare Ghost
Mountain property, 42 kilometres NE of Kirkland Lake, lies 5 kilometres W of Agnico Eagle's Holt and
Holloway Mine. Carheil is an exploration stage project with multi-metal potential and previous graphite
results. The project is about 170 km north of Rouyn-Noranda in the Northern Abitibi Greenstone Belt.
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 release may contain forward-looking statements or forward-looking information under applicable
Canadian securities legislation that may not be based on historical fact, including, without limitation,
statements containing the words "believe", "may", "plan", "will", "estimate", "continue", "anticipate",
"intend", "expect", "potential", and similar expressions. Forward-looking statements involve known
and unknown risks, uncertainties, and other factors which may cause the actual results, performance,
or achievements of iMetal to be materially different from any future results, performance, or
achievements expressed or implied by the forward-looking statements. Forward-looking statements or
information in this release relates to, among other things, the potential to complete a transaction with
the Vendor and the outstanding conditions to such a transaction. These forward-looking statements
are based on management's current expectations and beliefs and assume, among other things, the
ability of the Company to successfully pursue its current development plans, that future sources of
funding will be available to the company, that relevant commodity prices will remain at levels that are
economically viable for the Company and that the Company will receive relevant permits in a timely
manner in order to enable its operations, but given the uncertainties, assumptions and risks, readers
are cautioned not to place undue reliance on such forward-looking statements or information. The
Company disclaims any obligation to update, or to publicly announce, any such statements, events or
developments except as required by law.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/268598