Imetal Resources Receives Encouraging Mag Survey Results FOR Pear Lake
iMETAL RESOURCES RECEIVES ENCOURAGING MAG SURVEY RESULTS
FOR PEAR LAKE
VANCOUVER, British Columbia – November 9th, 2023 – iMetal Resources Inc. (TSXV: IMR )
(OTCQB: IMRFF) (FRANKFURT: A7V) (“iMetal” or the “Company”) has received results from a
recent Airborne Magnetic survey at the Company’s Pear Lake block, lying at the northwest end of the
Gowganda West project, which lies within the prolific Abitibi Greenstone Gold Belt. The aeromag results
outline two gold target areas that form part of an interpreted fault/dyke system, which is highly prospective
for gold in this area.
Saf Dhillon, Chief Executive Officer, stated: " Our recent exploration has been successful in outlining
promising new areas with previously undiscovered gold occurences, first at the Shining Tree block and
now at the Pear Lake block, compl ementing our June 6 th discovery of 48.5 metres at 0.85 g/t gold at
Gowganda West. Pear Lake is a small satellite area close to the nearby Juby deposit and it is likewise
encouraging that such favourable geology is present. This historically underexplored property continues
to yield promising results for us.”
Waring Minerals Inc. completed the drone magnetics survey and GeoFizX Geophysical Consulting
completed the interpretation. The survey was completed in one day and consisted of two flights for a total
of 13.887 line-kms. Nominal spacing was 40 m over the survey area. Results were deemed of high quality
and greatly improved resolution over previous government surveys of the area. Products included the
high-resolution magnetics map with numerous advanced processing variations, a 3D inversion for drill
targeting, and a new geology interpretation to base further exploration on.
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 ‘Discover y 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 Pear Lake showing Geology Interpretation from Mag Survey
Figure 2 – 3D Image looking to the NE displaying TMI surface image over Magnetic Susceptibility 3D Inversion Isosurfaces
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 propert y 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 expr essed 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.