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iMetal Resources Drills into a Large Hydrothermal Gold System at Gowganda West
(via TheNewswire) Vancouver, BC / TheNewswire / May 16 th , 2019 - i...
About this update from Imetal Resources Inc.
[{"type":"text","content":"iMetal Resources Drills into a Large Hydrothermal Gold System at Gowganda West(via TheNewswire)\n \n \nVancouver, BC / TheNewswire / May 16th, 2019 - iMetal Resources Inc. (TSXV: IMR) (\"iMetal\" or the \"Company\") is pleased to announce results from its maiden drill program at Zone 1 South at Gowganda West, Ontario.\n\n\n \nHighlights\n\n\n \n\n\n- Zone 1 South drill tested with 5 diamond drill holes totalling 1,258 meters\n\n\n\n- All drill holes intersected Archean aged Indian Lake Group clastic meta-sedimentary lithologies \n\n\n\n- Assay results demonstrate that the gold mineralisation encountered to date appears to be part of and within an extensive large near surface hydrothermal alteration and gold mineralizing system\n\n\n\n- Higher grade intercepts included 2.95 g/t Au over 2.5m (IMGW-19-01), 1.55 g/t Au over 0.9m (IMGW-19-03), 1.43 g/t Au over 4.6m (IMGW-19-05) and 1.07 g/t Au over 6.65m (IMGW-19-04) \n\n\n\n- Especially noteworthy are the extensive low grade gold intersections seen in IMGW-19-01 and IMGW-19-04\n\n\n\n- Follow-up IP survey work will now commence over Zone 1 South and along the new interpreted targets of the NW-SE South Corridor gold trend to target potentially higher grade areas of this gold system\n\n\n\n \n \nThe Zone 1 South Area was drill tested with 5 diamond drill holes totaling 1,258 meters. All drill holes intersected the Archean aged Indian Lake Group (I.L.G) clastic meta-sedimentary lithologies. Recent geochronological age dating by Ayers et al 2013, indicates the I.G.L. is 2690-2680 Ma and is Archean aged and is therefore part of the Porcupine Assemblage. The I.L.G. meta-sedimentary lithologies exhibit spectacular bright red to maroon red jasper grit, granules, pebbles to boulders that are also very commonly found in the slightly younger Timiskaming Assemblage 2676-2670 Ma that also commonly occur within the regional significant gold camps both at and near Kirkland Lake and Timmins Ontario. \n\n\n \nAssay results for the 5 diamond drill hole program indicates that the gold mineralization encountered to date appears to be part of and within an extensive large near surface hydrothermal alteration and gold mineralizing system. The nature of the I.L.G. meta-sedimentary lithological sequence appears to have provided a permeable and porous favorable host environment for a gold bearing hydrotherm...