ADTFF Stock Price, News & Analysis

iMetal Resources has announced the appointment of Eduardo Yu as Chief Financial Officer and Harpreet Bajaj as Corporate Secretary, effective immediately. This decision follows the transition from Joyce Liu, who has played a pivotal role in the company’s financial growth over the past two years. Eddy Yu, a Chartered Professional Accountant with over 20 years of experience, aims to enhance financial management and reporting for the company. Harpreet Bajaj, with 14 years in compliance and investment banking, will assist in managing corporate compliance. iMetal Resources focuses on developing its resource properties in Ontario and Quebec, including the notable Gowganda West gold project.

iMetal Resources has announced the initiation of drilling at its Carheil project in Quebec, targeting previously identified graphite zones. The drilling, supervised by DIAFOR Inc., began on April 1, 2023, as a follow-up to a successful 2016 program that highlighted a significant intersection of 7.48% Cg over 1.1 meters. Saf Dhillon, President & CEO, emphasized the area's increasing interest due to potential gold and copper deposits, supported by nearby mining activities. The Carheil project is strategically located near major mines, which could enhance its mineral prospects. The company aims to expand the known horizons and explore additional regional structures for mineral potential.

iMetal Resources Inc. announced the closure of a non-brokered private placement raising $1,281,250 through the issuance of 5,125,000 flow-through units. The financing involved 2,000,000 Quebec flow-through units sold to a subscriber in Quebec at $0.25 each and 3,125,000 flow-through units sold in the rest of Canada. Each unit comprises one common share and a warrant, with exercise prices of $0.35 and $0.30 respectively, valid until March 31, 2025 and April 6, 2025. The funds will be allocated to qualifying expenditures on its properties, with specific proceeds from Quebec Units earmarked for Quebec projects. Additionally, the placement included insider participation, and certain securities are subject to statutory hold periods until August 2023.

iMetal Resources has commenced drilling at its Gowganda West project, located in the Abitibi Greenstone Gold Belt. The drilling aims to further define the mineralization zones identified in the previous year's program, particularly near the boundary with Aris Mining Corp. and its Juby deposit. Drilling began on March 27, 2023, and will also investigate untested high-grade grab samples and VTEM targets from 2019. The project, about 100 km from Timmins, has shown potential with multiple-ounce grab samples yet to be drilled. The initiative is endorsed by qualified personnel, highlighting the company's commitment to advancing its exploration efforts.

iMetal Resources has announced the start of its 2023 Phase One exploration at the Gowganda West project located in the Abitibi Greenstone Gold Belt. This exploration aims to expand existing gold trends and test previously unexamined high-grade grab sample areas. Drilling, conducted by Laframboise Drilling Inc., will commence following road access completion. Following a successful 2,611 m drilling program in 2022 that revealed a new gold trend, the project remains promising, with multiple high-value grab samples awaiting assessment. The information is validated by Scott Zelligan, a qualified exploration professional.

iMetal Resources has initiated a Digitally Enhanced Prospecting (DEP) survey at its Ghost Mountain property, located 42 km northeast of Kirkland Lake. This 220-hectare site is near Agnico Eagle's Holt and Holloway Mines, known for rich gold deposits. The DEP program, conducted by Waring Minerals Inc., uses UAV LiDAR technology for sampling and mapping. Previous exploration, including a 2022 AeroVision magnetic survey, identified three high-potential gold targets. CEO Saf Dhillon highlighted the site's strategic location along the 'Golden Highway,' a historically significant gold belt, marking progress towards upcoming drilling efforts.

iMetal Resources, Inc. (OTC PINK: ADTFF) has successfully raised $1,094,133 through the exercise of 5,470,666 warrants, completed by March 13, 2023. This significant amount will enhance the company's treasury, demonstrating strong investor confidence. The proceeds will support general working capital and further exploration at the flagship Gowganda West property. Additionally, iMetal plans to extend its marketing budget with MIC by EUR 150,000 to boost investor interest until April 15, 2023. The company is also gearing up for a new drilling phase and a Digitally Enhanced Prospecting program at Ghost Mountain.

iMetal Resources announced its 2023 Phase One exploration plans for the Gowganda West and Ghost Mountain projects, both situated in the Abitibi Greenstone Gold Belt. CEO Saf Dhillon emphasized the company's focus on enhancing shareholder value through modern exploration techniques. A drilling program at Gowganda West is set for March 2023, following a previous successful program that revealed a new gold trend. Meanwhile, Ghost Mountain will undergo a Digitally Enhanced Prospecting program using UAV LiDAR for mapping and sampling. The projects, strategically located near significant mines, signal promising opportunities for gold discovery.

iMetal Resources Inc. (TSXV:IMR)(OTC PINK:ADTFF) announced the final results of a drone magnetics survey at its Shining Tree block, identifying four priority target areas for gold exploration. The survey, conducted in late 2022, highlighted Target 2 as a key area, interpreted as a potential intrusive complex. CEO Saf Dhillon noted that recent financings enable further exploration. With 224 line kilometers of data, advanced processing techniques were employed for accuracy. The company aims to ground truth anomalies and prepare for drilling as weather permits. All results were reviewed by geophysical expert Robert Hearst.