VANCOUVER, British Columbia – November 23rd, 2022 – iMetal Resources, Inc. (TSX.V: IMR) (OTCBB: ADTFF) (FRANKFURT: A7V) (“iMetal” or the “Company”) has submitted new exploration drilling permits for the Company’s Gowganda West and Ghost Mountain projects; both lie within the prolific Abitibi Greenstone Gold Belt.
Gowganda West is an exploration-stage gold project about 100 km south-southeast of Timmins, Ontario, contiguous to Aris Gold Corp.’s Juby Project in the Shining Tree Camp of the southern part of the Abitibi Greenstone Gold Belt; contiguous also with the Knight project that is part of the Strategic Partnership between Orefinders Resources Inc. and Agnico Eagle. iMetal has just recently completed a 2611 m drilling program and is expecting assay results imminently. The Property has yielded previous drill results of 30 m @ 0.3 g/t with short intervals up to 6 g/t, trenching results including 27.2 g/t Au, and grab samples including 67.9 g/t Au.
Ghost Mountain is a 220-hectare property, 42 km NE of Kirkland Lake, which lies 5 km directly west of Agnico Eagle’s Holt and Holloway Mine and within 1 km of the Porcupine-Destor Fault Zone.
Saf Dhillon, President & Chief Executive Officer, stated: “iMetal is excited to continue exploring for gold in Ontario. Gowganda West offers a uniquely prospective exploration opportunity in close proximity to a multi-million-ounce deposit, and within gold-bearing Abitibi sediments. Ghost Mountain lies in close proximity to the prolific Porcupine-Destor Fault Zone and we are thrilled to take one step closer to our first drill program on the property.”
The scientific and technical information contained in this news release 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.
About iMetal Resources Inc.
iMetal is a Canadian based junior exploration company focused on the exploration and development of its portfolio of resource properties in Ontario and Quebec. One of its Flagship properties Gowganda West, is an exploration-stage gold project that borders the Juby Deposit and is located within the Shining Tree Camp area in the southern part of the Abitibi Greenstone Gold Belt about 100 km south-southeast of the Timmins Gold Camp. The 665-hectare Kerrs Gold deposit comprises a series of gold-bearing pyritized quartz vein replacement breccias with a 2011 historic resource, 90 kilometres ENE of Timmins. The 220-hectare Ghost Mountain property, 42 kilometres NE of Kirkland Lake, lies 5 kilometres W of Agnico Eagle’s Holt and Holloway Mine.
ON BEHALF OF THE BOARD OF DIRECTORS,
President & CEO
iMetal Resources Inc.
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This news release may include forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include results of exploration, variations in results of mineralization, relationships with local communities, market prices, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward- looking statements except as required under the applicable laws.