Overview

Gold is a worthy addition to your portfolio, whether through commodities or stock in mining companies. The price of gold is projected to reach US$2,500 by 2026, and mining companies are poised for both short and long-term profits as it steadily increases. Therefore, miners need to choose assets with significant deposits to capitalize on the metal’s growing value.

iMetal Resources (TSXV:IMR) has four, 100-percent-owned assets located in the Abitibi Greenstone Belt. These assets are at varying stages in the mining life cycle: exploration, discovery (KGD - 2011 43-101 resource) and development.

iMetal recently underwent a restructuring in response to investor demand under the stewardship of Saf Dhillon, the company’s president & CEO. iMetal has also just completed an oversubscribed C$3 million financing round with Sprott Asset Management as a significant investor, alongside other accredited and high net-worth investors.

One of the company’s flagship projects is Gowganda West, a gold-focused project located west of the town Gowganda and southwest of Kirkland Lake, a region known for its gold deposits. Geological data indicates similarities between the project and the adjacent prolific mining camps of Kirkland Lake, Timmins and Val D’or. Gowganda West shares multiple borders with the Juby Deposit. This 2.2-million-ounce deposit is owned by Aris Gold (TSX:ARIS), and it sits less than 300 meters from the shared border with Gowganda West.

The gold zones that include the Juby deposit tend to occur along and within the Tyrell Shear Zone that trends south-easterly and appears to strike onto iMetal’s property.

The company completed its 2,611-meter fall 2022 drill program at Gowganda West, the objective of which was to follow up on the long gold intervals encountered in the lower sections of the westernmost drill holes from the 2019 maiden drill program.

iMetal also commenced in November 2022, a drone magnetics survey at its 565-hectare Shining Tree block, 3.75 kilometers west of iMetal’s Gowganda West property.

An experienced management team leads iMetal toward its goals. Saf Dhillon, president and CEO, has successfully financed and assisted the development of several TSXV- and CSE-listed natural resource companies for approximately 20 years. R. Tim Henneberry, professional geologist, has 40 years of experience in domestic and international exploration and production of precious and base metals. Christopher Hill, investor relations manager, brings over a decade of experience in capital markets, advising and consulting private companies that wish to go public.