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Drilling Report; New Appraisal Programme in N. ...
Drilling Report; New Appraisal Programme in N. ....
About this update from Imc Exploration Group Plc
[{"type":"text","content":"\n \n THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY IMC EXPLORATION GROUP PLC TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION (EU) NO. 596/2014, AS AMENDED (\"MAR\"). ON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE (\"RIS\"), THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.\n IMC Exploration Group plc (“IMC” or the “Company”)\n Permission granted for appraisal drilling at North Wexford and trial pits sampling at Avoca, Co. Wicklow\n IMC Exploration Group plc (IMC), the London-listed gold exploration company based in Ireland, is pleased to report that it has been granted permission to commence appraisal drilling on its North Wexford gold project by the Exploration and Mining Division of the Department of Communication, Climate Action and Environment. Furthermore, approval has been given to commence trial pit sampling to upgrade IMC’s West Avoca spoils and tailings Mineral Resource Estimate.\n IMC will commence follow-up drilling on a gold-in-soil anomaly in PL 1200, North Wexford. Historical work by RioFinEx proved gold mineralisation hosted by highly altered rocks at a depth of 30m. Groove sampling of this drill core proved an intercepted grade of 0.5 g/t Au over 18.6m (weighted average over 3 to 3.6m sample intervals). Half core sampling of part of the groove sampled interval assayed 15m at 0.2 g/t Au (weighted average of 1.5m sample intervals). Although all the pertinent data is available for examination and extrapolation, IMC will commence appraisal drilling in this area to confirm and expand on the information available in accordance with the JORC Code (2012). High gold grades have already been encountered on the adjoining IMC licence (PL 2551) and the upcoming drilling in PL 1200 aligns with IMC’s strategy of establishing a gold resource on its North Wexford gold project. \n On 11th September 2019, IMC published the “CSA Global IMC Mineral Resource Estimate” (MRE) on its spoils and tailings project at Avoca, Co. Wicklow where the gold estimate alone is at circa 20,000 oz. Furthermore, the Company has recently identified exploration targets at West Avoca where there is potential to increase this estimate by up to 4,000 oz. gold within the Avoca area. This additional trial p...