iMetal Receives TSXV Approval for Option of the Advanced Kerrs Gold Deposit in Ontario's Prolific Abitibi Greenstone Gold Belt

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[{"type":"text","content":"iMetal Receives TSXV Approval for Option of the Advanced Kerrs Gold Deposit in Ontario's Prolific Abitibi Greenstone Gold BeltVANCOUVER, BC / ACCESSWIRE / April 4, 2022 / iMetal Resources Inc. (TSXV:IMR)(OTC PINK:ADTFF)(FRA:A7V2) (\"iMetal\" or the \"Company\") is pleased to announce that it has received the approval of the TSX Venture Exchange (the \"Exchange\") for the option to acquire 100% of the 665 hectare Kerrs Gold Deposit, located 90 kilometres east-northeast of Timmins, Ontario, in the Abitibi Greenstone Gold Belt.The Kerrs Gold Deposit is comprised of a series of gold-bearing pyritized quartz vein replacement breccias enveloped by quartz fuchsite carbonate vein breccias averaging 10 metres in thickness. The deposit hosts a historical resource estimate of 7,041,460 tonnes grading 1.71 g/t gold yielding 386,467 ounces at a 0.5 g/t gold cut-off. Drilling subsequent to the historic estimate appears to have extended the mineralized zone along strike and down dip.\"The Kerrs Gold Deposit is the perfect complement to Gowganda West, giving iMetal multiple highly prospective projects in the prolific producing Abitibi Greenstone Gold Belt. The Company's focus remains on closing its up-sized financing to fund sufficient diamond drilling to both bring the Kerrs 386,467 ounce historic resource current and build upon it, as well as undertake follow-up drilling at Gowganda West,\" commented iMetal CEO Saf Dhillon. \"The Company has come a long way under the new management team, continuing to build value for iMetal shareholders and we look forward to a successful 2022,\" he concluded.The Kerrs Gold historical resources estimate was disclosed in \"NI 43-101 Resource Estimation on the Kerrs Gold Deposit, Matheson, Ontario\" prepared for Sheltered Oak Resources Inc. by Garth Kirkham, P. Geo of Kirkham Geosystems Ltd., and dated June 10, 2011. The Company considers the resource estimate relevant as it will drive further exploration by the Company and reliable, as it was completed by a competent Qualified Person to the standards of the day. The resource estimation methods and parameters were as follows:Forty-one drill holes were utilized to interpolate the KBX Zone.Composite length of 2 m was chosen and composites were weighted by length.Sectional interpretations were wire-framed to create 3-D solids of the zones.Zones were coded to the c...

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