iMetal Resources Receives Mag Survey Results for Pigeon Lake
iMetal Resources Receives Mag Survey Results for Pigeon Lake
VANCOUVER, BC / ACCESSWIRE / November 15, 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 Pigeon Lake block,
lying to the northwest of the Gowganda West project, which is located within the prolific Abitibi
Greenstone Gold Belt. The aeromag results outlined the magnetic structure of the area and
provided the company with important information regarding geological areas requiring further
examination, including a large alteration zone.
Saf Dhillon, Chief Executive Officer, stated: "iMetal continues to pursue and execute on
important ground-laying technical work on all of our properties. The Pigeon Lake block lies
within a prolific area hosting numerous mineralized occurrences, past-producing mines, and
large deposits. Our programs this year continue to have success, most notably our June 6 th
discovery of 48.5 metres at 0.85 g/t gold at Gowganda West. This historically underexplored
property continues to hold promise and we will continue our work towards more discoveries on
it."
Waring Minerals Inc. completed the drone magnetics survey and GeoFizX Geophysical
Consulting completed the interpretation. The survey was completed in two days and a total of
42.326 line-kms. Nominal spacing was 45 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 Westis 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 Pigeon 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 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.