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Drilling Update; Situation Report re Proposed A...
Drilling Update; Situation Report re Proposed A....
About this update from Imc Exploration Group Plc
[{"type":"text","content":"\n \n THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY IMC TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION (EU) NO. 596/2014, AS AMENDED (\"MAR\"), WHICH IS BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 PART OF UNITED KINGDOM LAW. UPON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.\n \n IMC EXPLORATION GROUP PLC\n \n \n (“IMC” or the “Company”)\n \n \n 1) IMC Announces Commencement of Drill Programme at West Avoca\n \n \n Four drill holes are being drilled to assess the extent and continuity of Cu, Au, Pb, Zn mineralization along strike from the historic Avoca mine\n \n \n Historical mineralized intercepts in the West Avoca area include 10m grading 1.1% Cu and 9m grading 10.3% Zn and 4.8% Pb\n \n \n IMC has reported JORC-compliant figures of c. 20,000ozs of gold, 2.6k tonnes of copper and 7.8k tonnes of lead from mine spoils and tailings to the northeast of the planned drilling (8th September 2020)\n \n \n IMC plans that the drill programme will allow an independent resource calculation to be undertaken in addition to that already in place for the spoils and tailings project\n \n IMC Exploration Group plc (IMC), the London-listed gold exploration company based in Ireland, is pleased to announce the start of a 1,000m drilling programme at its West Avoca property on PL 3850, Co. Wicklow, Ireland.\n The Avoca Mine is estimated to have contained 16 million tonnes of 0.6% copper which was exported as a concentrate that contained ‘payable grades of gold and silver’ (Williams et al., 1986). In addition, in situ zinc and lead mineralization is present at West Avoca over a minimum strike length of c. 300m. \n When the Avoca mine ceased operation in 1982 (due mainly to the low price of copper prevailing at that time), significant amounts of ore were left in place. With the copper price recently at an all-time high, IMC has reassessed historical records along strike to the southwest from the Avoca mine, and interprets there is a 1.2km minimum strike length that has either been only partially tested or else has specific targets remaining to be drill tested. \n At the north-eastern end of the 1.2km strike length outlined by IMC, historical drilling encountered 13.3m gr...