iMetal Resources Discovers New Parallel Graphite Zones at Carheil Project in Quebec

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[{"type":"text","content":"iMetal Resources Discovers New Parallel Graphite Zones at Carheil Project in QuebecVANCOUVER, BC / ACCESSWIRE / May 31, 2023 / iMetal Resources Inc. (TSX.V:IMR)(OTCQB:IMRFF)(FRANKFURT:A7V) (\"iMetal\" or the \"Company\") announces the receipt of assay results from drilling at the Company's Carheil Project (the, \"Project\" or \"Carheil\"), which lies in the Northern Abitibi Greenstone Belt in Québec. Each of the three holes (totaling 1,053 metres) hit multiple horizons of graphitic sediments as highlighted below:Hole CA-23-013.90 m at 7.08% Cg, from 151.1 metres, including 11.5% Cg over 1.9 m (ZONE A)8.45 m at 2.53% Cg, from 237.6 m, including 7.05% Cg over 1.5 m (ZONE C)Hole CA-23-024.65 m at 5.11% Cg, from 138.8 m, including 12.9% Cg over 1.2 m (ZONE A)10.55 m at 2.89% Cg, from 196.5 m (ZONE B)5.30 m at 4.25% Cg, from 242.9 m, including 7.90% Cg over 1.2 m (ZONE C)Hole CA-23-034.90 m at 1.93% Cg, from 156.1 m (ZONE A)4.70 m at 2.76% Cg, from 263.3 m, including 4.70% Cg over 2.1 m (ZONE C)Saf Dhillon, President & CEO, stated: \"We are extremely pleased with these graphite results in this follow-up campaign. Our team predicted previous drilling may have missed the second graphitic horizon and that interpretation has borne out in these results. Québec is one of the most mining friendly jurisdictions in the world and we are eagerly planning more work at Carheil to follow these results and expand our understanding of this highly prospective property.\"Drilling encountered a graphite-bearing sedimentary unit sandwiched between volcanic units. This sedimentary unit contained several multi-meter graphite-rich horizons, one on the hanging-wall contact (ZONE A), one on the footwall contact (ZONE C), and at times an interior horizon (ZONE B). ZONE A corresponds with graphite results from the 2016 drilling program on the property, while ZONE B and ZONE C have not been previously assayed. Graphite horizons have thus far been delineated over 50-100m of strike and 50-100m of down-dip extent and remain open in all directions. The next phase of drilling should aim to expand the strike extent and follow the horizons closer to surface.Carheil is an exploration-stage project with multi-metal potential and previous graphite results. The Project is about 170 km north of Rouyn-Noranda in the Northern Abitibi Greenstone Belt. The Projec...

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