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Gowganda West

Gowganda West Project

Size: 147 sq km

Access: Road, 90 minutes from Kirkland Lake

Contiguous to Aris Gold Corp. (TSX: ARIS). Juby deposit hosts Indicated 770 koz (21 M tonnes @ 1.1 g/t) and Inferred 1.5 Moz (47 M tonnes @ 0.98 g/t)*

The structures hosting the Juby deposits trend onto iMetal’s ground

Also contiguous to Orefinders/Angico Eagle

*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

**Proximity to mineralization on an adjacent property does not guarantee the presence of mineralization on the property in question

Target Areas

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6 km north-south trending corridor of gold mineralization and alteration

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Associated with contact between finer and coarser metasediments

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Two zones to date within corridor

Zone 1

  • ● Quartz veins in sericite alteration zone
  • ● 2019 drilling significant alteration with anomalous gold

Zone 3

  • Quartz veins in sericite alteration zone
  • 2021 grab samples of 67.9, 29.6 and 11.3 g/t gold (see locations for samples in table below)

Mineralized Corridor

iMetal’s surface programs have delivered highlight grab samples of 56 g/t Au and channel samples of 23.67 g/t over 0.30 m.

Location
Zone Sample Type Width (m) Au (g/t) UTM E UTM N
3A 5238 Grab 56.69 502792 5264158
3A 5207 Grab 34.81 502812 5264163
3B 3514 Grab 19.4 502943 5264306
3A 5228 Grab 15.23 502793 5264158
3B 5215 Grab 13.66 502945 5264310
3A 8051 Channel 0.85 9.69 502819 5264179
1S 5901 Grab 39.3 502722 5270133
1S 5927 Grab 16.5 502792 5270083
1S 5919 Grab 11.5 502790 5270084
1 6406 Channel 0.3 8.7 502691 5270409
1 167397 Grab 27.2 502793 5270090
3 167303 Grab 67.9 502815 5264177
3 167252 Grab 29.6 502785 5264151
3 167015 Grab 11.3 502796 5264156
iMetal Resources TSXV - IMR OTCQB - IMRFF FSE - A7V Gowganda West Drill hole core samples 2

Hole Location

Hole No From (m) To (m) Width (m) Au (g/t) UTM E UTM N Azimuth Dip Length (m)
IMGW-19-04

89

96

6.65

1.07

502838

5270055

245

45

254

IMGW-19-04

165

195.65

30.25

0.32

502838

5270055

245

45

254

IMGW-19-04

202

221.5

19.5

0.41

502838

5270055

245

45

254

IMGW-19-01

191

220.4

29.4

0.37

502814

5270095

245

45

251

iMetal Resources TSXV - IMR OTCQB - IMRFF FSE - A7V Gowganda West Drill hole core samples

True widths are not known at this time. No other factors materially affect the accuracy or reliability of the data referred to above. All samples were delivered by the geological contractor to ALS Minerals in Thunder Bay, an ISO/IEC 17025:2017 accredited facility. All samples were analyzed with ALS’s AuME-TL43 procedure, a 25 gram aqua regia digestion with an ICP-MS finish with a 1 gram upper limit for gold. All overlimit gold values were fire assayed with a 30 gram sample and a gravimetric finish, ALS’s Au-GRA21 procedure.

The scientific and technical information contained above has been reviewed and approved by Scott Zelligan, P. Geo (Ontario), VP Exploration of iMetal and a qualified person as defined in National Instrument 43-101.