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iMetals Discovers New Gold Mineralization at Zone 1 and a New Greenfield Gold Zone with Highlight Values of 5.13 g/t Gold
VANCOUVER, BC / ACCESSWIRE / January 15, 2021 / iMetal Resources Inc. (TSXV:IMR )(FRANKFURT:...
About this update from Imetal Resources Inc.
[{"type":"text","content":"iMetals Discovers New Gold Mineralization at Zone 1 and a New Greenfield Gold Zone with Highlight Values of 5.13 g/t GoldVANCOUVER, BC / ACCESSWIRE / January 15, 2021 / iMetal Resources Inc. (TSXV:IMR)(FRANKFURT:A7V2) (\"iMetal\" or the \"Company\") is pleased to provide significant gold assay results from the 2020 exploration program, including a significant greenfields gold discovery at its Gowganda West Property, within the prolific Abitibi Greenstone Belt, southwest of Timmins, Ontario. (See Figure 1)Highlights from the first phase program include:Discovery of new gold mineralization extending Zone 1 to the north for a total of 500 length of metres, open in both directions;Zone 1 highlight grab sample values include 5.13 g/t gold, with 5 of the 7 samples in the northern extension returning values in excess of 1 g/t gold from a strongly ankerite altered, brecciated unit;Discovery of a new zone 150 metres to the northeast of Zone 1 with highlight values of 1.49 g/t gold and 1.25 g/t gold representing a possible extension or parallel zone;Initial discovery of the Elkhorn Zone, with highlight values of 2.32 g/t gold and 0.73 g/t gold, 8km southwest of Zone 1, in an Archean erosional window;Zone 1 lies 1100 metres south of the Caldas Gold Corp. Juby deposit, currently hosting an indicated resource of 774,000 ounces at 1.13 g/t gold and inferred resource of 1,488,000 ounces at 0.98 g/t gold. Source: Technical Report on the Updated Mineral Resource Estimate for the Juby Gold Deposit for Caldas Gold Corp. Dated 2020-Oct-05 By: J.Campbell, A.Sexton, D.Studd, and A. Armitage.iMetal cautions investors mineralization at Juby is not necessarily indicative of similar mineralization at Gowganda West.\"The newly discovered gold mineralization both extends the open-ended Zone 1 and suggests further extension or a parallel structure and further supports Gowganda West being related to the Juby mineralizing event,\" commented iMetal CEO Saf Dhillon. \"The newly discovered Elkhorn Zone gives the Company a third area of exploration focus to further develop as a drill target,\" he continued.\"We plan to drill Zone 1 in Q1 and conduct follow-up sampling and channel sampling in advance of Q2 drilling at the Elkhorn Zone. We expect to have news on drilling shortly,\" he concluded.Drill intersections from the 2019/2020 phase one drilling at Zone 1 inc...