IM Exploration Expands Mulloy Project
IM Exploration Expands Mulloy Project
Toronto, Ontario, December 10, 2020 – IM Exploration Inc. (CSE: IM) (the “Company”) is
pleased to provide an exploration update with respect to its Mulloy Project in Rowlandson
Township, Ontario (the “Property”).
The Company has staked a total of 104 cells adjoining the Property, covering approximately 3,760
hectares (the “Expansion Claims”).
Expansion Claims
The Expansion Claims cover the most significant anomalies and targets in the historical Auden
Property, which was owned by GTA Resources and Mining Inc. until 2018. The Auden Property
covered a 60 kilometre (km) strike length of an Archean greenstone belt, a volcano-sedimentary
belt, which is a continuation of the Beardmore-Geraldton Greenstone Belt, located about 140 km
to the west. The Expansion Claims cover a highly prospective 24 km extent of this geological
trend. (1)
The Expansion Claims cover several zones of historical exploration holes drilled from 1978 to
2014, including:
● Hole 78-04, drilled by Shell in 1978, intersected 0.67 grams per ton (g/t) of gold (Au) over
16.9 metres (m) from an arsenopyrite-pyrrhotite rich iron formation. (1)
● Hole CA-14-05 intersected 0.18g/t PGE + Au and 0.14% Cu over 19.65 m in an ultramafic,
sulphide-rich zone. (1)
Figure 1: Expanded Mulloy Project
An in-depth data compilation and analysis will be completed on the Property and the Expansion
Claims in the coming weeks. This data compilation will be subject to subsequent analysis by the
Company’s technical consultants to define targets for potential 2021 exploration efforts at the
Property.
Joel Freudman, President and CEO of the Company, commented: “We are pleased to have
staked the Expansion Claims, which add gold and other mineral prospects to the Property for
added exploration potential at minimal incremental cost. In addition, the regional data compilation
currently underway is a practical, cost-effective choice during a period of COVID-19 restrictions
and precautions. The results will further our un derstanding of how best to advance the newly-
expanded Property, while at the same time this work will not put any personnel at risk, cause any
environmental disturbances, or interfere with First Nations activities on or around the Property.”
National Instrument 43-101 (“NI 43-101”) Cautionary Notices
The Company has not verified the historical assay results contained in this news release and is
not relying on them as current mineral resources or mineral reserves. Note that drill hole results
are select samples and are not necessarily r epresentative of overall mineralization on the
Expansion Claims. Readers are cautioned that these potential grades are conceptual in nature;
there has been insufficient exploration by t he Company or its qualified person on the Expansion
Claims to define a mineral resource or mineral reserve; and it is uncertain whether further
exploration will result in these targets being delineated as a mineral resource or mineral reserve.
The technical contents of this news release were approved by Case Lewis, P. Geo., a qualified
person as defined by NI 43-101. Mr. Lewis is independent of the Company within the meaning of
NI 43-101.
References
(1) GTA Resources and Mining Inc, 2014. “2013-2014 Geophysical and Diamond Drilling
Report on the Auden Property”. MNDM Report 20014071.
About IM Exploration Inc.
The Company is a mineral exploration company, currently focused on exploring for graphite, gold,
and other minerals at its early-stage Mulloy Project in Northern Ontario. From time to time the
Company may also evaluate the acquisition of other mineral exploration assets and opportunities.
For further information contact:
Joel Freudman
President and Chief Executive Officer
IM Exploration Inc.
Tel: (647) 880-6414
Cautionary Statements
This news release contains statements and information that, to the extent they are not historical fact,
constitute "forward-looking information" within the meaning of applicable securities legislation. Forward-
looking information is based on the reasonable assumptions and estimates of management with respect to
the Company’s exploration program and corporate strategy, made based on experience and management’s
perception of current conditions and expected deve lopments, all of which management believes to be
reasonable in the circumstances at the date hereof, but which may ultimately prove to be incorrect. Forward-
looking information herein includes statements rela ting to the Company’s exploration program at the
Property (including the Expansion Claims), and its overall corporate and strategic planning.
Forward-looking information involves known and unk nown risks, uncertainties and other factors that may
cause the actual results, performance or achievement s of the Company to differ materially from the
outcomes expressed or implied by the forward-looki ng information herein, including, but not limited to,
challenges in analyzing exploration data, general risks associated with mineral exploration activities, and
possible changes to corporate strategy regarding the Property and generally. Accordingly, readers should
not place undue reliance on any such forward-looking information. The Company does not undertake any
obligation to update any forward-looking information her ein, except as required by applicable securities
legislation.
Information in this news release relating to GTA Resources and Mining Inc.’s former Auden Property are
from sources believed to be reliable, but that have not been independently verified by the Company.
The Canadian Securities Exchange has neither appr oved nor disapproved the contents of this news
release. The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy
of this news release.