Precious Metals

iMetal Resources, Inc. (TSXV:IMR)(OTC PINK:ADTFF)(FRANKFURT:A7V) ("iMetal" or the "Company") is pleased to announce receipt of a three-year drill and exploration permit to carry out the next phase of exploration at its 100% owned Gowganda West gold property. The property is located in the Shining Tree District of the Abitibi Greenstone Gold Belt in Northern Ontario. The permit includes

  • 15 line km's of induced polarization (IP) surveying;
  • Trenching to refine gold targets at up to 25 locations, totaling 2500 linear metres;
  • greater than 20 drill pads, with multiple drill collars at each pad

"The 3-year permit renewal at Gowganda is a significant milestone for the Company as we prepare for the fully funded 2022 follow-up drill program of 2,500 metres," commented iMetal President & CEO Saf Dhillon. "I recently visited our priority gold targets at Gowganda West with Tim Henneberry our Q.P and director along with Brian Madill our Mining Land Management Consultant and we are very excited to commence the 2022 exploration program.

iMetal has completed a series of exploration programs at Gowganda West since acquisition in 2016, including prospecting, grab and channel sampling and preliminary diamond drilling, along with airborne VTEM and magnetics and ground IP. These programs defined a 6 kilometre north-south trending zone of anomalous gold mineralization and alteration, highlighted by Zone 1 in the north and Zone 3 in the south.

Zone 1 has excellent access and is located 500 metres south of the Juby gold deposit. Zone 1 is showcased by two distinct outcrop areas and consists of a prominent alteration zone up to 10 metres wide and shearing carrying quartz veinlets. Grab sampling highlights include 27.2 g/t Au and 16.4 g/t Au (see press release dated June 10, 2021). Five diamond drill holes over 150 metres of strike length were subsequently drilled in 2019. Drill highlights included: 2.95 g/t Au over 2.5 metres, 1.43 g/t Au over 4.6 metres and longer intervals of 0.37 g/t au over 29.4 metres and 0.32 g/t au over 30.25 metres (see press release dated, April 20, 2020).

Zone 3, located 6 km south of Zone 1, consists of two distinct gold target areas (Zone 3A and Zone 3B) separated by 225 metres.. Grab samples at the target include 67.9 g/t Au, 29.6 g/t Au and 11.3 g/t Au (see press release dated June 10, 2021). Both zones have gold hosted in near north striking, sub-vertical quartz-carbonate veins with associated disseminated sulphides (pyrite and chalcopyrite). Both targets are yet to be drill tested and are a priority target for the 2022 drill program.

Connecting Zone 1 and 3, located at either end of a 6 km long gold trend identified through systematic mapping and sampling in 2019 and 2021, will be a 2022 priority. The 2022 exploration program will include refined mapping and drill target identification along this trend. New targets will be assessed and considered for the 2022 drill program.

Gowganda West July 2022

iMetal Resources, Inc., Wednesday, July 13, 2022, Press release picture

The Company's technical team is now finalizing drill targets for the upcoming drill program.

The scientific and technical information contained in this news release has been reviewed and approved by R. Tim Henneberry, P. Geo (British Columbia), a director of iMetal and a qualified person as defined in National Instrument 43-101.

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. One of its Flagship properties Gowganda West, is an advanced exploration-stage gold project 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 665 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 220 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.
saf@imetalresources.ca
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. Forward-looking statements in this news release include but, are not limited to: statements with respect to future exploration and drilling of the Company; statements with respect to the release of assays and exploration results; and statements with respect to the Company's geological understanding of its mineral properties. 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.



View source version on accesswire.com:
https://www.accesswire.com/708258/iMetal-Resources-Receives-Drilling-Permit-for-Gowganda-West-Project-Ontario-Canada

News Provided by ACCESSWIRE via QuoteMedia

IMR:CA
iMetal Resources

iMetal Resources


Keep reading...Show less
iMetal Completes Drone Mag at Ghost Mountain in Ontario's Prolific Abitibi Greenstone Gold Belt

iMetal Completes Drone Mag at Ghost Mountain in Ontario's Prolific Abitibi Greenstone Gold Belt

iMetal Resources Inc. (TSXV:IMR)(OTC PINK:ADTFF)(FRANKFURT:A7V2) ("iMetal" or the "Company") is pleased to announce the completion of a drone magnetics survey at its 220-hectare Ghost Mountain property, located 42 kilometres northeast of Kirkland Lake, Ontario, in the Abitibi Greenstone Gold Belt

iMetal Resources, Inc., Wednesday, June 22, 2022, Press release picture


"The recent successes at Agnico Eagle's Holt and Holloway Mine, 5 kilometres east of the Ghost Mountain property necessitates a closer look at Ghost Mountain. The Drone mag survey was the first step generating exploration targets. Upon receipt of the final report from Abitibi Geophysics, we will dispatch field crews to ground truth anomalies and prospect the ground for gold mineralization targets," commented iMetal President & CEO Saf Dhillon.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
iMetal Receives TSXV Approval for Option of the Advanced Kerrs Gold Deposit in Ontario's Prolific Abitibi Greenstone Gold Belt

iMetal Receives TSXV Approval for Option of the Advanced Kerrs Gold Deposit in Ontario's Prolific Abitibi Greenstone Gold Belt

iMetal Resources Inc. (TSXV:IMR)(OTC PINK:ADTFF)(FRA:A7V2) ("iMetal" or the "Company") is pleased to announce that it has received the approval of the TSX Venture Exchange (the "Exchange") for the option to acquire 100% of the 665 hectare Kerrs Gold Deposit, located 90 kilometres east-northeast of Timmins, Ontario, in the Abitibi Greenstone Gold Belt

The Kerrs Gold Deposit is comprised of a series of gold-bearing pyritized quartz vein replacement breccias enveloped by quartz fuchsite carbonate vein breccias averaging 10 metres in thickness. The deposit hosts a historical resource estimate of 7,041,460 tonnes grading 1.71 g/t gold yielding 386,467 ounces at a 0.5 g/t gold cut-off. Drilling subsequent to the historic estimate appears to have extended the mineralized zone along strike and down dip.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Due to Investor Demand iMetal Increases Size of Private Placement

Due to Investor Demand iMetal Increases Size of Private Placement

iMetal Resources Inc. (TSXV:IMR) (OTC PINK:ADTFF) (FRA:A7V2) ("iMetal" or the "Company") announces that as a result of market interest it has elected to increase the size of its previously announced non-brokered private placement (the "Placement"). The Company will continue to offer up to 16,666,667 units (each, a "Unit") at a price of $0.12 per Unit for gross proceeds of up to $2,000,000. Each "Unit" will consist of one common share of the Company and one common share purchase warrant exercisable to acquire an additional common share at a price of $0.20 for a period of twenty-four (24) months (each, a "Warrant

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
iMetal Adds Flow-Through Shares to Equity Financing to Fund Development of Projects and Engages ITG as Market-Maker

iMetal Adds Flow-Through Shares to Equity Financing to Fund Development of Projects and Engages ITG as Market-Maker

iMetal Resources, Inc. (TSXV:IMR)(OTC PINK:ADTFF)(FRA:A7V2) ("iMetal" or the "Company") is pleased to announce that (as per the original news release dated January 25th, 2022 & the follow up news release dated February 2nd, 2022) it will conduct a non-brokered private placement (the "Placement") of up to 16,666,667 units (each, a "Unit") at a price of $0.12 per Unit for gross proceeds of up to $2,000,000. Each "Unit" will consist of one common share of the Company and one common share purchase (each, a "Warrant") warrant exercisable to acquire an additional common share at a price of $0.20 for a period of twenty-four (24) months

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
iMetal Confirms Effective Date for Share Consolidation

iMetal Confirms Effective Date for Share Consolidation

iMetal Resources, Inc. (TSXV:IMR)(OTC PINK:ADTFF)(FRANKFURT:A7V2) ("iMetal" or the "Company") announces that effective at the close of business on January 13, 2022, it will consolidate its common share capital on a five-for-one basis (the "Consolidation"). Effective at the opening of markets on January 14, 2022, the common shares of the Company will commence trading on a post-Consolidation basis under the existing ticker symbol "IMR

The Company currently has 51,730,372 common shares outstanding. Following completion of the Consolidation, it is expected to have approximately 10,346,075 shares outstanding.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
WALKER BEGINS DRILLING AT THE LAPON GOLD PROJECT

WALKER BEGINS DRILLING AT THE LAPON GOLD PROJECT

Walker River Resources Corp. (" Walker " or the " Company ") (TSX-V: " WRR ") is pleased to announce that reverse circulation ("RC") drilling has re-started at the Lapon Gold Project, located some 60 km SE of Yerington, Nevada.

Drilling started at the Pikes Peak portion of the Lapon Project, a seven-to-ten-hole program is planned here. Significant historical mining activities are present at Pikes (shafts, adits, mill) in a copper and gold environment. A previous regional sampling and prospecting program by Walker returned values of 9 g/t Au and 2.2% Cu from bedrock. (see news release 9/04/2019)

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Lahontan Drills More Shallow Gold at Slab-Calvada: 25.9m Grading 2.55 gpt Au

Lahontan Drills More Shallow Gold at Slab-Calvada: 25.9m Grading 2.55 gpt Au

Lahontan Gold Corp. (TSXV:LG)(OTCQB:LGCXF) (the "Company" or "Lahontan") is pleased to announce results from the first seven reverse-circulation rotary ("RC") drill holes of the Company's Phase Two drilling campaign exploring the Slab-Calvada pit area of the Company's 19 km2 Santa Fe Project in Nevada's Walker Lane. The seven drill holes, totaling 1,710 metres, targeted down-dip extensions of oxidized gold and silver mineralization along the Calvada fault and northerly step-out drilling from the Slab pit. Historic drilling in both areas had outlined significant potential oxide and transition domain resources. Highlights include

  • 25.9 metres grading 2.55 gpt Au and 3.4 gpt Ag (2.60 gpt Au Eq) of oxide and transition metallurgical domain mineralization in drill hole CAL22-006R. This is the farthest north step-out drill hole from the Slab pit, with gold mineralization starting at a depth of only 68.6 metres down-hole (please see map and table below).
  • 47.2 metres grading 0.78 gpt Au and 1.3 gpt Ag (0.80 gpt Au Eq) in drill hole CAL22-002R including 32.0 metres grading 1.04 gpt Au and 1.4 gpt Ag (1.06 gpt Au Eq) of oxidized mineralization down-dip along the Calvada fault, further expanding the envelope of oxide gold mineralization along this important structure (please see map, cross section, and table below).

Kimberly Ann, CEO, President, Director, and Founder of Lahontan Gold Corp commented: "The Company is excited about these first results from our 2022 Phase Two drilling campaign. The results from drilling the northern extension of the Slab pit confirm that gold mineralization remains wide open in this direction with excellent grades. The Calvada fault drilling continues to impress, with thick intervals of oxide gold mineralization extending at depth along this district-scale structure. Drilling continues and Lahontan will integrate these results into our upcoming maiden resource estimate for the entire Santa Fe Project".

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
iMetal Resources Mobilizes Drill Rig to Gowganda West to Commence Fall 2022 Drill Program

iMetal Resources Mobilizes Drill Rig to Gowganda West to Commence Fall 2022 Drill Program

iMetal Resources, Inc. (TSX.V:IMR)(OTC PINK:ADTFF)(FRANKFURT:A7V) ("iMetal" or the "Company") is pleased to announce mobilization of a drill rig to Gowganda West ("GW") for the fall 2022 drilling campaign. GW is an exploration-stage gold project about 100 km south-southeast of Timmins, Ontario, contiguous to Aris Gold Corp.'s Juby Project in the Shining Tree Camp of the southern part of the Abitibi Greenstone Gold Belt; contiguous also with the Knight project that is part of the Strategic Partnership between Orefinders Resources Inc. and Agnico Eagle

The objective of the 2022 program is to follow-up on the long gold intervals encountered in the lower sections of the westernmost drill holes from the 2019 maiden drill program: 0.37 g/t gold over 29.4 metres, 0.32 g/t gold over 30.25 metres, and 0.41 g/t gold over 19.5 metres. A review of the IMR database by our revamped technical team has identified gold targets along strike (northwest-southeast), along potential parallel trends (as seen at the adjacent Juby Project), and potential new trends where geophysics suggests a potential continuation or splay structure from the Juby Fault may be striking onto GW. Where it is adjacent to Aris Gold Corp's property, GW is underlain by the same basement metasediments that host two of the four main zones of the Juby Deposit.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Falcon's Shareholder's Approve Plan of Arrangement  Of Subsidiary Latamark Resources

Falcon's Shareholder's Approve Plan of Arrangement Of Subsidiary Latamark Resources

Falcon Gold Corp. (TSX-V:FG)(FRA:3FA)(OTCQB:FGLDF); ("Falcon" or the "Company"). Further to the Company's news release of August 10th, 2022, the Company provides the following update on its previously announced plan of arrangement (the "Spin-Out

At the Company's special shareholders meeting held on September 8, 2022, shareholders approved the Spin-Out and the Company's Arrangement Agreement with its wholly owned subsidiary, Latamark Resources Corp. ("Latamark"). Pursuant to the Arrangement Agreement, the Company will transfer its interest in the option agreement concerning the Esperanza gold project to Latamark in exchange for (i) Latamark issuing to the shareholders of the Company, one common share in the capital of Latamark (each, a "Latamark" Share") for every 5.8 common shares held in the Company, (ii) Latamark issuing 5,000,000 common shares to Falcon and (iii) Latamark assuming certain liabilities incurred, exploring or maintaining the property ("the Property Liabilities").

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Allied Copper receives TSX-V approval for Stateline Option Agreement

Allied Copper receives TSX-V approval for Stateline Option Agreement

Allied Copper Corp. (TSX-V: CPR, OTCQB: CPRRF) (the " Company " or " Allied Copper "), is pleased to announce that, further to its press releases of February 10, 2022 and August 25, 2022, the Company received TSX-V approval of the option agreement (the " Agreement ") dated February 9, 2022 (as amended August 5, 2022) for the sole and exclusive right to acquire a 100% undivided legal and beneficial interest (subject to a 2% net smelter royalty) for the Stateline Property, COUT USA from Cloudbreak Discovery Plc (" Cloudbreak " (LSE: CDL), Cloudbreak Discovery Canada Ltd., Tarsis Resources US Inc. and Alianza Minerals Ltd. (" Alianza ") (TSX-V: ANZ) (collectively, the " Vendors ").

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
St. Anthony Gold Pursues Acquisition and Advancements of Assets Battery Metals and Minerals Sector

St. Anthony Gold Pursues Acquisition and Advancements of Assets Battery Metals and Minerals Sector

St. Anthony Gold Corp. ("St. Anthony" or "the Company") (CSE:STAG)(Frankfurt:M1N)(OTC PINK:MTEHF) is pleased to announce that it is pursuing the acquisition and advancement of assets in the battery metal and materials sector

STAG currently has the option to acquire 100% interest in the Burgeo Lithium asset located in Burgeo Newfoundland.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×