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IM Exploration Provides Update on 2021 Nevada Field Programs & Files NI 43-101 Technical Report
Vancouver, British Columbia - TheNewswire - August 10, 2021 - IM Exploration Inc. (CNSX:IM.CN) (“IM” or the “Company”) is pleased to provide an update on 2021 f
About this update from Westward Gold Inc
[{"type":"text","content":"Vancouver, British Columbia - TheNewswire - August 10, 2021 - IM Exploration Inc. (CNSX:IM.CN) (“IM” or the “Company”) is pleased to provide an update on 2021 field programs at the Company’s Toiyabe and Turquoise Canyon Projects located in Lander County, Nevada, USA. Figure 1: IM Exploration’s Nevada Properties Toiyabe Project The Company’s Toiyabe Gold Project (“Toiyabe”) consists of 165 unpatented mining claims covering approximately 1,340 hectares of land administered by the U.S. Bureau of Land Management (“BLM”). It sits along the Battle Mountain – Eureka Trend, 125 kilometers south-southwest of the city of Elko, Nevada and approximately 10 kilometers southwest of Barrick’s Cortez Hills Mine. Exploration activities at Toiyabe date back to 1964, with more recent drill campaigns culminating in an historic Indicated gold resource of 173,562 oz at 1.2 g/t (Paul D. Noland, P. Geo, 2009)(1). (1) Source: NI 43-101 Technical Report, American Consolidated Minerals Corporation, Prepared by Paul D. Noland, P. Geo., May 27, 2009 (the “2009 Technical Report”). A qualified person has not done sufficient work to classify the historical estimate at Toiyabe as current mineral resources and IM is not treating the historical estimate on Toiyabe as a current mineral resource as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects. The key assumptions, parameters and methods used to prepare the historical estimate on Toiyabe are described in the 2009 Technical Report. While IM considers the historical estimate on Toiyabe disclosed in this news release to be relevant to investors, IM cautions readers that it should not be unduly relied upon in drawing inferences on the mineralization on Toiyabe as additional work is required to upgrade or verify the historical estimate as a current mineral resource. Figure 2: Toiyabe Gold Project Details In conjunction with IM’s assumption of Starcore International Mines Ltd.’s option to acquire a 100% ownership position in the project (see press release dated April 22, 2021), the Company also assumed control of a storage facility near Reno, Nevada, which houses legacy core and chip samples collected by previous operators. Through its data compilation and inventory efforts, IM has identified approximately 9,000 ft (2,750 meters) of diamond drill core and 30,000 ft (9,150 mete...