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iMetal Resources Inc
Symbol C : IMR
Shares Issued 81,333,616
Close 2018-02-13 C$ 0.13
Recent Sedar Documents

iMetal samples 34.44 g/t Au, 2.6% Cu at Gowganda West

2018-02-14 02:26 ET - News Release

Mr. Brian Fagan reports

IMETAL RESOURCES DISCOVERS ADDITIONAL HIGH-GRADE GOLD AND COPPER IN ZONE-3 WITH ASSAYS UP TO 34.44 GM/T GOLD AND 2.6% COPPER AT GOWGANDA WEST, 90KM SOUTHWEST OF KIRKLAND LAKE, ON.

iMetal Resources Inc. has released results from its continuing winter program at its Gowganda West property in Northern Ontario.

Assay results

Significant new assays have been received from Zone-3A from a stockwork of chalcopyrite and pyrite mineralized quartz veins and quartz stringers. Three samples were collected. Assay results are reported as follows:

  • Sample 5578B: 34.44 grams per tonne gold and 2.6 per cent copper;
  • Sample 5579: 1.91 g/t gold and 0.47 per cent copper;
  • Sample 5580: 0.61 g/t gold and 0.18 per cent copper.

The company believes these data further substantiate the presence of high-grade gold with copper at Zone-3.

Continuing exploration

Continued exploration on Zone-3 includes outcrop chip and channel sampling in the area between Zones-3A and 3B to identify additional gold and copper mineralization and to establish future IP (induced polarization) and drill targets. The distance between Zones-3A and 3B is 300 metres. Assay results will be released as soon as they are obtained.

New target/Zone-4 cobalt

Two areas of altered and silicified outcrop, marked by cobalt bloom, have been discovered four kilometres east of Zone-3. The first area of interest is a century-old 20-metre-long trench initially discovered earlier in 2017 (see press release dated Nov. 22, 2017). Approximately 700 metres north of this trench is an outcrop area characterized by multiple quartz veins and host rock with cobalt bloom. Channel and grab sampling in these areas is in progress, and results will be released as they are received from the assay laboratory.

The winter exploration program is greatly assisted by logging roads and bridges currently under construction in the immediate area of iMetal's gold, copper and cobalt targets.

Tom O'Connor, iMetal's exploration manager, stated: "Our exploration continues to move forward with the discovery of additional high-grade gold and copper mineralized quartz veins. To date, prospecting and rock sampling has delineated additional targets on the property and opened up new possibilities for expanding our existing zones. We have progressed significantly in a short period of time and look forward to results from our ongoing winter exploration program that we believe will provide us with additional zones for drill testing."

The technical content of this press release has been reviewed and approved by Mark Fedikow, PhD, PGeo, a qualified person as defined under National Instrument 43-101.

We seek Safe Harbor.

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