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Kerrs Gold

Kerrs Gold Project

Strategically located in Abitibi Greenstone Belt

665ha, road accessible 90 km ENE of Timmins

Contiguous to west and south to Newmont Mining

Several periods of drilling between 1979 and 2011

Resulted in 2011 historic resource

IMR believes resource can be significantly expanded

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Historic Resource

2011 historic estimate

A Historic Resource Estimate was outlined in the technical report titled “NI 43-101 Resource Estimation on the Kerrs Gold Deposit”, dated June 10, 2011. iMetal is not treating this as a current mineral resource, and a qualified person has not done sufficient work to classify this historical estimate as current. This historical estimate is relevant to the Kerrs Gold Property as it was carried out in accordance with best practices at the time. The historical estimate is supported by 34 drill holes drilled into the Kerrs Quartz-Carbonate-Breccia mineralization zone. Wireframing of the zone was performed using sectional interpretations at 25 m to 100 m spacing. Block estimation utilized ordinary kriging on a database of 2,117 assays with MineSight™ software. Assays were composited to 2 m and a minimum of 2 and a maximum of 12 composites were used for each block. A maximum of 2 per drill hole was also applied. Composites were capped at 10 g/t Au. No more recent estimates have been completed on the Property. In order to upgrade or verify the historical estimate, additional current drilling would need to be completed, and constraints would need to be applied to demonstrate reasonable prospects for economic extraction.

 

History / Geology

History

  • Blind discovery following glacial dispersion trains up ice to source
  • Drilling between 2005 and 2011 defined resource; subsequent 2011 post resource drilling
  • Essentially idle since 2012

Geology

  • Gold-bearing pyritized quartz vein replacement breccias averaging 10m in thickness
  • 800m long and open, geophysics suggest additional 800m of strike
  • Located in trough of folded syncline at depths of 350 to 425m

Mineralized Core Photos

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.