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iMetal Resources Announces Letter of Intent to Acquire 100% Interest in Central Bosnian Antimony-Silver-Zinc Mining Concession
Vancouver, British Columbia--(Newsfile Corp. - July 24, 2025) - iMetal Resources Inc. (TSXV: IMR...
About this update from Imetal Resources Inc.
[{"type":"text","content":"\niMetal Resources Announces Letter of Intent to Acquire 100% Interest in Central Bosnian Antimony-Silver-Zinc Mining ConcessionVancouver, British Columbia--(Newsfile Corp. - July 24, 2025) - iMetal Resources Inc. (TSXV: IMR) (OTCQB: IMRFF) (FSE: A7VA) (\"iMetal\" or the \"Company\") is pleased to announce that it has entered into a non-binding letter of intent, dated effective July 15th, 2025, with an arms-length third-party (the \"Vendor\"), pursuant to which it proposes to explore a potential transaction involving the acquisition of a mining concession covering 0.97 square kilometers in the Fojnica municipality of Bosnia and Herzegovina (the \"Project\").The Cemernica Mine hosts an historical estimate of 305,000 tonnes at 4.05% Sb, 6% Zn, and 112 g/t Ag. The historic estimate was disclosed in: \"Chemical and Geochemical Characteristics of the Cemernica Antimonite Deposit in the Mid-Bosnian Schost Mountains\" by I.Jurkovic, M. Ramovic and F. Zec dated 1999; in Rudarsko-Geološko-Naftni Zbornik. 11, 1-16. [http://hrcak.srce.hr/file/20593]. There is no technical report associated with the historic estimate. iMetal considers the historic estimate to be relevant and reliable as it was completed to the standards of the day by competent professionals. The key assumptions, parameters, and methods used to prepare the historical estimate are not disclosed other than they are associated with the developed areas of the mine and below the lowest level and largely based on sampling of existing workings and some limited drilling. The historic resource would best be comparable to an inferred resource. iMetal is not aware of more recent data or estimates. A program of verification underground sampling and diamond drilling would be required to bring the historic estimate current. iMetal cautions investors a qualified person has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves and further cautions iMetal is not treating the historical estimate as current mineral resources or mineral reserves.iMetal Resources President & CEO, Saf Dhillon, \"We are excited to have an opportunity to potentially acquire an international antimony project, specifically as Bosnia and Herzegovina enjoys both geological potential and growing market support for antimony exploration. Antimony is increa...