VANCOUVER, British Columbia, September 9th, 2020 – iMetal Resources Inc. (TSX.V: IMR) (OTCBB: ADTFF) (FRANKFURT: A7V2) (“iMetal” or the “Company”) is pleased to provide an update on exploration activities conducted this summer.

The Company recently identified additional key areas of interest at its Gowganda West project and conducted a sampling program. The primary focus which garnered attention from the technical team was an area evaluated previously by R. MacCallum circa 2011 on Gowganda
West
(http://www.geologyontario.mndm.gov.on.ca/mndmfiles/afri/data/imaging/20000007029/20010086.pdf).

The MacCallum stripping and sampling returned 18.71 g/t gold within:

  • 2,000 m NNW of the Juby Main Zone.
  • 500m NEE of Juby B Zone Extension (0.89 g/t Au over 29.85m incl. 5.85 g/t Au over
    1.1m).
  • 500m NE of Juby B Zone (2.33g/t Au over 5.33m, 33.74 g/t Au over 0.97m and 1.22 g/t Au over 10.66m).
  • 1,000m NNE of No. 13 Zone (234 g/t Au over 1.5m).
  • 200 meters from iMetal’s common boundary with Caldas Gold Corp (“Caldas”-TSX: CGC) within the Tyrell Structural Zone.

Mineralization is associated with a sheared ultramafic intrusive in contact with Archean meta sediments and a strongly bleached and silicified quartz porphyry with significant ankerite alteration and disseminated pyrite.

The secondary focus this summer, was the extensive common eastern border with Caldas and south of the Juby Main Deposit. Since discovery, significant exploration work has been performed and a large volume of data reviewed. This historic assessment work at Juby was re-evaluated and areas of anomalous gold in soil and rock in conjunction with chargeability
trends and geophysical anomalies from last year’s VTEM and IP reports (see press releases, May 16th, 2019 and October 4th, 2019) were targeted for additional geological evaluation.

Several areas of interest have been generated with samples submitted to the lab and assays are pending.

A map showing iMetal’s exploration work this summer can be found at;
https://imetalresources.ca/summer-2020-exploration-target-areas/

Johan Grandin, CEO of iMetal commented, “We are very excited about this year’s ongoing exploration program as we are working to identify which areas should be prioritized. The appointment of Mr. Dhillon as President and the recently announced financing will enable iMetal to complete additional exploration work such as ground geophysics, VTEM in key unexplored areas along with drilling of multiple high priority targets. There are over a dozen priority drill Johan Grandin, CEO of iMetal commented, “We are very excited about this year’s ongoing exploration program as we are working to identify which areas should be prioritized. The appointment of Mr. Dhillon as President and the recently announced financing will enable iMetal to complete additional exploration work such as ground geophysics, VTEM in key unexplored areas along with drilling of multiple high priority targets. There are over a dozen priority drill targets at Gowganda West, which have been identified by Abitibi Geophysics Inc., (“Abitibi”) using their proprietary OreVision® IP technology, see press release October 4th, 2019. We are also very excited regarding the new developments at Ghost Mountain, where Kirkland Lake Gold and Newmont just announced a US$75 million exploration program, with the focus being the Holt Complex, see press release, Kirkland Lake Gold (TSX: KL), August 17th 2020”.

Saf Dhillon, President of iMetal commented, “I am encouraged by the previous exploration work at Gowganda West and looking forward to working with Johan to further develop this project. I am also impressed with the quality of potential at iMetal’s second 100% owned project, the
Ghost Mountain property, and can’t wait for further analysis of it.” Ghost Mountain is contiguous on 3 sides by Kirkland Lake Gold (TSX: KL) and lies on the Destor-Porcupine Fault system. The property, consists of seven claim units (eleven square kilometers) of land and straddles the gold-prolific Destor-Porcupine Structure in Kirkland Lake, Ontario”.

Johan Grandin
President & CEO,
iMetal Resources Inc.
jgrandin@imetalresources.ca
Tel. (604-739-9713)
510-580 Hornby St., Vancouver, BC, V6C 3B6.