A total of seven drill holes were completed for a total meterage of 2611m. All seven holes intersected gold mineralization in multiple intervals.
The results strongly suggest all previously encountered gold zones at Gowganda West continue along strike and up dip (towards surface), with gold trends now intersected over a strike of at least 1000m. Equally as important, the gold system continues to grow as a new gold trend to the east was discovered, as part of the multiple parallel gold zones encountered. The system is now open along 500m of width, 1000m of strike and 200m of depth. Mineralization continues to show strong similarities to the nearby Juby Deposits (which has a current resource* containing 0.77 Moz Au Indicated and 1.5 Moz Au Inferred).
'All 2022 drill holes intersected gold mineralization, supporting the Company's belief in Gowganda West's potential to host a major gold system,' commented iMetal President & CEO
VP Exploration Scott Zelligan added, 'The enhanced geological model resulting from the 2022 program places the Company in an excellent position to target higher grades and the richest portions of the extensive regional gold system. These results bolster the Company's interest in GW and we are planning for additional drilling in 2023. The Company is also preparing work programs for its other Abitibi based projects.'
About
iMetal is a Canadian based junior exploration company focused on the exploration and development of its portfolio of resource properties in
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President & CEO
E: info@imetalresources.ca
Tel: (604-484-3031)
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WEB: https://imetalresources.ca
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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.
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