Vancouver, BC, February 11, 2019 – iMetal Resources Inc. (TSXV: IMR) (“iMetal” or the “Company”) is pleased to announce that the Company is immediately expanding its Phase 1 maiden drill program at the Zone 1 South target area of its Gowganda West Project, 500 meters from Pan American Silver’s Juby deposit and 15 kilometers west of Canada Cobalt’s Castle mine and adjacent gold discovery.
Three drill holes have been completed at Zone 1 South, each to a depth of approximately 250 meters. Significantly, the gold mineralized and altered mafic volcanic and jasper conglomerate lithologies observed at surface (chip sampling returned gold values as high as 39.3 g/t, refer to Nov. 28, 2018, news release) have been intersected by drilling and continue to depth with evidence of a widespread hydrothermal system. Fine-grained pyrite with chalcopyrite is associated with quartz-carbonate alteration and veining in the host lithologies.
Johan Grandin, iMetal President and CEO, commented: “Given what our team has already observed in these initial holes, we are continuing and expanding this first-ever drill program with additional holes at Zone 1 South. These are exciting times for iMetal shareholders as we target a new discovery in the Gowganda Camp.”
The technical content of this news release has been reviewed and approved by Mark Fedikow, Ph.D. P.Geo., a qualified person as defined under NI-43-101.
We seek Safe Harbor.
ON BEHALF OF THE BOARD OF DIRECTORS,
President & CEO,
iMetal Resources Inc.
588-580 Hornby St., Vancouver, BC, V6C 3B6.