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
6 km north-south trending corridor of gold mineralization and alteration
Associated with contact between finer and coarser metasediments
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 | |
|
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 |
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.