iMetal Resources Intersects 16.65 Metres at 1.24 g/t Gold Within 62.25 Metres at 0.61 g/t Gold at Gowganda West
iMetal Resources Intersects 16.65 Metres at
1.24 g/t Gold Within 62.25 Metres at 0.61 g/t
Gold at Gowganda West
Vancouver, British Columbia--(Newsfile Corp. - February 26, 2026) -
iMetal Resources Inc. (TSXV:
IMR) (OTCQB: IMRFF) (FSE: A7VA)
("
iMetal
" or the "
Company
") has intersected
16.65 metres at
1.25 g/t gold within 62.25 metres at 0.61 g/t gold
at its Gowganda West Gold Project, southwest of
Timmins, Ontario. Drilling in the West Zone intersected broad levels of gold mineralization in multiple
holes, with long intervals of gold mineralization encountered in two of the six holes completed during the
program, complementing 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).
Highlights:
IMGW-25-06 returned 0.424 g/t gold over 278.35 metres from 45.1 to 323.45 metres, which
included several sub-intervals, including:
1.019 g/t gold over 7.4 metres
from 118.75 to 126.15 metres
0.566 g/t over 80 metres
from 154 to 234 metres
0.610 g/t gold over 62.45
metres
from 261 to 323.45 metres, including
1.239 g/t gold over 16.65 metres
from 289.35 to 306 metres
IMGW-25-01 returned
0.419 g/t gold over 65.75
metres
from 276.7 to 342.45 metres, including
0.868 g/t gold over 8 metres
from 296.5 to 304 metres
0.786 g/t gold over 5.8 metres
from 315.95 to 321.75 metres
IMGW-25-03 returned
1.116 g/t gold over 6.2 metres
from 342.75 to 348.95 metres
McFarlane Lake Mining Limited, contiguous to the northwest has identifed a parallel zone to it's
Juby Zone within the regional Ridout-Tyrrell Deformation Zone, the 826 Zone, which appears to
trend into the West Zone.
"These results continue to expand the gold system at Gowganda West and demonstrate both broad
mineralization and higher-grade internal intervals," stated Saf Dhillon, President & CEO of iMetal. "The
scale of the mineralized envelope, combined with its proximity to the Juby Deposit and the emerging 826
Zone, reinforces the structural significance of this corridor. We look forward to incorporating these results
into our ongoing geological model and planning the next phase of drilling!" commented iMetal President
& CEO Saf Dhillon.
The drilling intersected the targeted host rocks that exhibited alteration patterns and mineralization
similar to that which was intersected in the 2023 drill program. The dominant rock type intersected is a
matrix supported greenish polymictic conglomerate composed of heterogenous centimetric to
pluricentimetric round clasts with different colors. A percentage of the red clasts are magnetic but the
matrix is not. Zones of moderate to pervasive hematization /potassic alteration, sericitization and
silicification were noted in the drill holes. Mineralization included disseminated and clast-replacement
controlled pyrite, while a few holes also intersected local chalcopyrite vein fractures or plurimillimetric
clusters. Alteration intensity appears to be a control on elevated gold values. Pyrite content also shows a
relationship with elevated gold values and intensity of alteration.
Table 1. 2025 Key Intervals
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7946/285465_table1.jpg
Drilling also intersected multiple dykes in all holes. Diabase ranged in width from 1.45 to 45.05 metres in
width and did not return any elevated gold values, though elevated gold values were noted at the lower
contacts in several holes. Fine-grained intermediate dykes range in width from 1 to 20.8 metres and
carry gold values in some instances but not others.
Table 2. 2025 Drill Collar Table
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7946/285465_table2.jpg
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. Ther 2022 and 2023 drill programs appear to suggest a strong correlation between the intensity of
the silica alteration and increased gold grades.
Figure 1. 2026 Drill Hole Locations
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7946/285465_6b2a3af7241a6a98_002full.jpg
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 Orecap Invest Corp. 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.
Figure 3. All 2026 Drill Intervals
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7946/285465_table3.jpg
Image 1
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7946/285465_image1.jpg
Image 2
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7946/285465_image2.jpg
Image 3
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7946/285465_image3.jpg
QA/QC
All samples were dispatched to ALS Minerals prep facilites at either Val D'Or or Lachine (Montreal)
where they underwent standard preparation procedures of CRU-21 and PREP-31. All pulps were then
dispatched to ALS Minerals North Vancouver to undergo the Au-AA24 procedure, a 50 gram gold fire
assay with an AAS finish. Intervals of visible chalcopyrite underwent the ME-ICP41 procedure, again in
North Vancouver. All ALS Minerals laboratories and prep labs are Standards Council of Canada (SCC)
ISO/IEC 17025 accredited facilities and are independent of iMetal Resources Inc.
A rigorous QA/QC program is was instituted with a certified standard and a blank inserted at an interval
of every thirty samples. Each 30
th
sample is also be duplicated. No anomalies were noted in the QA/QC
data.
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/285465