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iMetal Acquires Strategic Property Package in Beardmore Geraldton Greenstone Belt
VANCOUVER, BC / ACCESSWIRE / February 10, 2021 / iMetal Resources Inc. (TSXV:IMR )(OTC PIN...
About this update from Imetal Resources Inc.
[{"type":"text","content":"iMetal Acquires Strategic Property Package in Beardmore Geraldton Greenstone BeltVANCOUVER, BC / ACCESSWIRE / February 10, 2021 / iMetal Resources Inc. (TSXV:IMR)(OTC PINK:ADTFF)(FRANKFURT:A7V2) (\"iMetal\" or the \"Company\") is pleased to announce the acquisition of a portfolio of road accessible gold projects from Riverside Resources Inc.'s. The Oakes, Pichette and Longrose gold projects are located in the Beardmore Geraldton Greenstone Belt (\"BGGB\"), northeast of Thunder Bay, Ontario. Highlights from the three projects include:Oakes is 3,670 hectares and hosts a gold bearing shear zones. Historic channel sampling of the HG shear zone returned values of 31.9 g/t gold, 19.7 g/t gold and 6.9 g/t gold over 0.5 to 1.0 m intervals.Pichette is 1,380 hectares and hosts gold in banded iron formation. Historic drill intersection of 4.78 g/t gold over 0.65 m and historic surface grab sample highlights of 24.55 g/t gold, 21.42 g/t gold and 16.01 g/t gold.Longrose is 360 hectares and adjacent to the historic Leitch Mine and hosts gold quartz veins and gold in banded iron formation. Drill highlights include 30.8 g/t gold over 0.15m and 10.28 g/t gold over 0.45m from quartz veins.\"The Beardmore Geraldton Greenstone Belt is fast becoming a significant gold region, highlighted by the recent takeover of Premier Gold Mines Limited, by Equinox Gold Corp.,\" commented iMetal CEO Saf Dhillon. \"The Riverside BGGB property package, including the drill ready Oakes project, gives iMetal a key position in a second significant gold camp and also brings the renowned expertise of the Riverside technical team to iMetal,\" he continued.Figure 1: IMR Claim Blocks acquired from Riverside (in red) located on regional geology map. Historical production reports presented on figure are from the Ontario Geological Survey, OFR 5538.The BGGB is comprised of a series of northeast trending Archean metavolcanic and metasedimentary rocks, divided into a northern and southern assemblage. The northern assemblage consists of mafic metavolcanic flows overlain by intermediate pyroclastics and capped to the south by a sulphide facies iron formation. Gold deposits in the BGGB such as the 4.6 Moz Hardrock deposit near Geraldton, where Equinox Gold Corp. recently took over Premier Gold Mines Limited to acquire 50% of the deposit, are considered classic examples of epigeneti...