iMetal Resources Extends Digitally Enhanced Prospecting Survey on Its Gowganda West Project
iMetal Resources Extends Digitally Enhanced Prospecting Survey
on Its Gowganda West Project
VANCOUVER, BC / ACCESSWIRE / November 1, 2023 / iMetal Resources Inc.
(TSXV:IMR)(OTCQB:IMRFF)(FRANKFURT:A7V) (" iMetal " or the " Company ")
announces an extension of the Digitally Enhanced Prospecting (DEP) survey at the Company's
Gowganda West project, which lies within the prolific Abitibi Greenstone Gold Belt. This
extension will push further to the west of the known zones of mineralization into previously
unexplored areas, supplementing the recently completed 2,385 hectares of LiDAR and sampling
which identified a new gold zone (See News Release dated 2023-October-27).
Saf Dhillon, Chief Executive Officer, stated: "We are excited by the prospects our recent DEP
survey has uncovered, including a 5.6 g/t Au grab sample in a new area with high geological
prospectivity. Our recent drill intersection of 48.5m of 0.85 g/t Au in hole IMGW-23-04
announced on June 6 th of this year, strongly support our belief mineralization increases toward
the southwest. As a result, we have extended our DEP program to the western portion of our
claims in a further effort to increase our mineralization footprint. We continue to believe in the
potential for new discoveries at this historically underexplored property."
Waring Minerals Inc. completed the recent DEP programs at Gowganda West and will also
complete the new extension. The target area for the extension is approximately 1,135 hectares of
Archean metasediments and metavolcanics of the Abitibi greenstone belt, an area which has had
very limited historical exploration work. UAV LiDAR will be flown in order to locate outcrops
on the property for the purposes of sampling and mapping. The DEP results will be combined
with previous IP, VTEM, and drilling results to guide the next stage of exploration which will
include follow-up drilling programs. Surface samples will be reviewed by company geologists
and select samples will be submitted to ALS Laboratories in Sudbury for analysis.
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 Orecap Invest Corp. 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 and
resulted in the company announcing it's first ‘Discovery Hole' (See NR dated June 6 th , 2023).
The Property also has multiple-ounce grab samples from trends that have yet to be drill tested.
iMetal cautions that grab samples are select samples and not necessarily indicative of similar
mineralization on the Property.
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.
Figure 1 - Plan Map of Gowganda West showing planned DEP Extension
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 837-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 131-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.