Business
iMetal Returns Highlights of 69.7 G/T Gold from Grab Samples at Gowganda
VANCOUVER, BC / ACCESSWIRE / June 10, 2021 / iMetal Resources, Inc. (TSX.V:IMR) (OTC PINK:A...
About this update from Imetal Resources Inc.
[{"type":"text","content":"iMetal Returns Highlights of 69.7 G/T Gold from Grab Samples at GowgandaVANCOUVER, BC / ACCESSWIRE / June 10, 2021 / iMetal Resources, Inc. (TSX.V:IMR) (OTC PINK:ADTFF) (FRANKFURT:A7V2) ('iMetal' or the 'Company') is pleased to release assay results from the late April 2021 field program at its flagship Gowganda West property in the Shining Tree District part of the Abitibi Greenstone Gold Belt of Northern Ontario (see 2021-May-11 News Release). The program concentrated largely at Zone 1 and Zone 3, in preparation for trenching and drilling. Highlights include:Zone 3 highlights include: grab sample values of 67.9, 29.6 and 11.3 g/t gold.Zone 1 highlights include: gold g/t grab sample values of 27.2 and 16.35A value of 3.72 g/t gold was returned from a location approximately 400 metres to the NWiMetal cautions investors the grab samples are selective and may not necessarily be representative of the showing as a whole.'The 2021 results confirm the earlier sampling and have defined the target areas for the upcoming trenching and drilling programs,' commented iMetal CEO, Saf Dhillon. 'The recent gold samples collected well to the west of the known mineralization at Zone 1 argues for additional structures at Gowganda, fitting in with our theory of a significant mineralized system at Gowganda,' he continued. 'We expect to commence the fully permitted trenching program forthwith, in preparation for a follow-up drilling program,' he concluded.Zone 1 is associated with Timiskaming type metasedimentary rocks comprising siltstone, sandstone and predominately conglomerate. Gold mineralization is found where conglomerate transitions into finer grained rock types. The conglomerate contains clasts of jasper rich, banded iron formation and is highly magnetic. In additional, the conglomerate contains significant amounts of pyrite, resulting in the unit showing as strongly conductive in induced polarization surveys. The 2018 airborne mag and 2019 IP surveys have allowed mapping of the conglomerate and its boundaries.Figure1. Zone 1 SamplingZone 1 mineralization seems to occur within northward trending structures at or near geological boundaries with conglomerate and finer grained sediments. Exposures in cleared areas from historical work shows potassic alteration and silica flooding over significant widths. Recent sampling in Zone 1 has confirmed...