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iMetal Announces New Drilling and Results from their Gowganda West Gold Project
(via TheNewswire) Vancouver, BC - TheNewswire - March 18 th , 20 20...
About this update from Imetal Resources Inc.
[{"type":"text","content":"iMetal Announces New Drilling and Results from their Gowganda West Gold Project(via TheNewswire)\n \n \nVancouver, BC - TheNewswire - March 18th, 2020 - iMetal Resources, Inc. (TSXV:IMR) (\"iMetal\" or the \"Company\") announced today followup drilling in Zone 1 and results of the first diamond drill hole on Grid Zone 3 on the Company's Gowganda West property. The project is located 20 km from Gowganda, Ontario and 90 km from Kirkland Lake, Ontario.\n\n\n \nDrilling Results and Continuation\n\n\n \nThe first test drill hole at Zone 3, targeted a high priority chargeability and resistivity anomaly labeled GZ3-04 identified by Abitibi Geophysics, Inc (\"Abitibi\", see press release, Oct 4th, 2019). This IP anomaly extends from near surface to depths of > 400 meters and is more than 2 km long. This 752 meter drill hole intersected an extensive alteration zone from 160 meters down to 663 meters with fine-grained 1-3 % disseminated pyrite mineralization for over 500 meters, having an apparent horizontal width of 255 metres. The drill hole also intersected multiple quartz-feldspar porphyry dikes which are interpreted as the heat engine driving the large gold-bearing hydrothermal system at Gowganda West, Zone 3. The results indicate that the drill hole intersected a broad zone of geochemically anomalous values of gold within an extensive hydrothermal alteration system. On this basis additional drilling is warranted and plans to drill further to the west and to the north from the first drill hole are in preparation. \n\n\n \nIn mid February this year iMetal moved the Framboise Drilling Inc.'s drill rig, that remained on the property to Zone 1. In where, last year, DDH IMGW-19-04 intersected 6.65m of 1.07g/t gold, (see press release May 16th, 2019). Other significant intercepts from this program included 2.95 g/t gold over 2.5 meters and 1.43 g/t gold over 4.6 meters. This hole was drilled before the Abitibi survey and did not intercept an Abitibi priorty target.\n\n\n \nThe new drill hole DDH IMGW 20-01 was drilled to a depth of 302 meters. This hole was targeted to test a first priority chargeability and resitivity I.P. anomaly, labeled GZ1-03b by Abitibi. This hole is 350 meters south from DDH IMGW-19-04 that was drilled last year, well before the I.P. ground survey. A preliminary examination of the drill core from DDH IMGW 20-01 i...