Aug 3, 2021
 in 
Precious Metals

iMetal Resources (TSX.V: IMR) is Exploring in the World-Class Archean Abitibi Greenstone Belts, Ontario

iMetal Resources (TSX.V: IMR) is an Ontario focused junior, exploring for gold within one of the most historic regions in the world - The Archean Abitibi Greenstone Belts. Historical production includes:

  • 200Moz of gold
  • 400Moz of silver
  • 15B tons of copper
  • 35B tons of Zinc

Within the area hosts several key active gold players:

  • Newmont Mining (TSX: NEM. Cap: $50B)

• Osisko Mining (TSX: OSK. Cap: $1.14B)

• IAMGOLD (TSX: IMG. $1.56B)

• Agnico Eagle (TSX: AEM. Cap: $18.63B)

• Kirkland Lake (TSX: KL. Cap: $13.3B)

iMetal Resources (TSX.V: IMR) currently has a portfolio of assets including:

  1. Gowganda West
  2. Oakes
  3. Longrose
  4. Pichette
  5. Ghost Mountain
Gowganda West

The current focus for iMetal Resources (TSX.V: IMR) is to further develop Gowganda West which comprises of 147 sq. Km and is accessible via road and is 90 minutes from Kirkland Lake (TSX: KL) (Macassa Mine, which is in the town of Kirkland Lake).

iMetal’s (TSX.V: IMR) has planned an extensive exploration program which will include:

  • Trench Zone 1 and Zone 3 in preparation for drilling  
  • Initial 2500 metre drill program for Zone 1 and Zone 3
  • Extend airborne VTEM to Zone 3

Initial surface work delivered high-grade samples. Recently (PR July 9th/21) the company began a two-week trenching program which will concentrate on Zone 1 and Zone 3, where results from the April 2021 sampling program returned highlight gold grab sample values of:

  • Zone 3 returned: 11.3 g/t, 29.6 g/t and 67.9 g/t gold;
  • Zone 1 returned: 27.2 and 16.35 g/t gold;
  • A value of 3.72 g/t gold was returned from a location approximately 400 metres NW of Zone 1

Hitting grab samples of up to 67.9 g/t gold and intercepting a channel sample of 23.67 g/t over 0.30 m has indicated some impressive targets.

“We have completed the mechanical trenching program at the key target areas of the Gowganda West property and the samples are awaiting assay at ALS Minerals in Thunder Bay, ,” commented iMetal President & CEO Saf Dhillon. “The trenching opened up Zone 1 and Zone 3 exposing the structures along strike further defining the 2019 IP interpretations. A 2500 metre drill program is planned for late Q3 to follow up on the trenching results,” he concluded.
Next door Neighbor: Aris Gold’s (TSX: ARIS) Juby Deposit

Adjacent to iMetal Resources (TSX.V: IMR) Gowganda West asset is Aris Gold’s (TSX: ARIS) Juby Deposit, which hosts an impressive resource of indicated: 773,000oz gold @ 1.13 g/t and inferred: 1.488Moz gold @ 0.98 g/t.

Aris Gold (TSX: ARIS) is backed by billionaire Frank Giustra and former Gold Corp. chairman Ian Telfer.

The Juby Project is an advanced exploration-stage gold project located in Ontario, Canada, approximately 15 kilometres west-southwest of the town of Gowganda and 100 kilometres south-southeast of the Timmins gold camp within the Shining Tree area in the southern part of the Abitibi greenstone belt. Gold was first discovered in the Shining Tree area in the 1930s.

Over 14,000 acres are controlled through the patented claims of the Juby Project covering a 10-kilometre strike length of the west-northwest trending Tyrrell Shear Zone (TSZ) in the Abitibi greenstone belt with IAMGOLD’s Cote Gold project and Alamos Gold’s Young-Davidson mine, both within 70 kilometres of the project.

Currently Aris Gold (TSX: ARIS) is trading at $1.90 and has 137.83M shares out giving it a current market cap of $261.88M. The 52-week high/low is $3.29/$1.88 respectively (all information based of Aris Gold’s website).

iMetal Resources (TSX.V: IMR) is run by a tag team of extraordinarily successful public company entrepreneur and geological professionals.

SAF DHILLON | President, CEO and Director

Saf Dhillon has been involved in the development of companies primarily listed on the TSX Venture Exchange for about 20 years. He has held a variety of positions including senior management and board directorships. At U.S. Geothermal Inc. (NYSE Market), from inception throughout his 12-year tenure, he was part of the senior management team that grew it from a $2-million start-up to a profitable USD$250-million Market Cap independent power producer.

Saf currently sits on the Boards of Glacier Lake Resources Inc., and Lake Winn Resources Corp., as well as providing his skills and knowledge to several other private and public companies.

R. TIM HENNEBERRY | QUALIFIED PERSON, DIRECTOR

Professional Geoscientist (P. Geo., BC) with 40 years of experience in domestic and international exploration and production for base and precious metals and industrial minerals. President of Mammoth Geological Ltd. since 1991, providing consulting services to numerous publicly trading companies. Previous and/or current Founder, Director, and/or Senior Officer of several TSX Venture and CSE listed companies.

iMetal Resources (TSX.V: IMR) announced a $2M financing and closed an initial tranche of $845,000. Currently, iMetal Resources (TSX.V: IMR) is trading at $0.10 and has 50.6M shares outstanding giving it a market cap of $5.06M. The 52-week high/low is $0.25/$0.09, respectively.

Disclaimer: iMetal Resources is a paid marketing client and we own stock options*
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