Gowganda West - A Precious Metals Opportunity
When looking for gold, the excitement generated is the path undertaken when trying to recognize hidden value. One of the most basic concepts implemented when searching for gold, is to look for gold where it has been found before. As such, iMetal Resources Inc. was fortunate enough to have acquired prospective ground that is contiguous to the 4 Million ounce gold Juby deposit which is currently held by Pan American Silver Corp. symbol (PAAS).
The Gowganda West property being in close proximity to Juby, certainly warranted additional field exploration activity. The project had in the past been ignored for various reasons but mainly because the property appeared to be underlain by barren meta-sedimentary rocks and a thin layer of overburden. Based on the assumptions made, more detailed investigations was not performed.
However, iMetal’s prospectors and geologists have determined that the geology was not mapped correctly and rock types and lithologies are much more favorable and more importantly the same as found in gold deposits in the prolific Kirkland Lake, Val D’or and Timmins Gold camps. Upon closer examination, ground work initiatives were developed and rock and channel sampling as well as trenching were undertaken in order to provide initial reference data to be analyzed.
Subsequent analysis of the data provided, has resulted in the deployment of a VTEM survey in early 2019 and a few months later the implementation of 2 IP Surveys on 2 Priority Zones, referred to as Zone1S and Zone3A/3B.
From drilling in the spring of 2019, it was determined that a hydrothermal gold system is present and possibly responsible for the alterations and rock types identified for a strike length of up to 6km in a north to south trend, creating significant enthusiasm among the iMetal team.
Detailed drill programs considering high priority anomalies will be developed once final geophysical work from the IP surveys have been interpreted.