STOCK TITAN

iMETAL Resources Submits Drilling Permits for Next Phase of Exploration at Gowganda West and Ghost Mountain

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

iMetal Resources (OTC PINK:ADTFF) announced the submission of new exploration drilling permits for its Gowganda West and Ghost Mountain projects, both located in the Abitibi Greenstone Gold Belt. The Gowganda West project, situated near Aris Gold's Juby Project, recently completed a 2611 m drilling program, with previous results yielding up to 67.9 g/t Au. Meanwhile, the Ghost Mountain property lies near Agnico Eagle's Holt and Holloway Mine. CEO Saf Dhillon expressed excitement about the ongoing exploration opportunities in these promising locations.

Positive
  • Submission of drilling permits for both Gowganda West and Ghost Mountain projects.
  • Gowganda West has shown promising previous results, including 27.2 g/t Au in trenching.
  • Potential for significant discoveries due to proximity to multi-million-ounce deposits.
Negative
  • None.

Insights

Analyzing...

VANCOUVER, BC / ACCESSWIRE / November 23, 2022 / iMetal Resources, Inc. (TSX.V:IMR)(OTC PINK: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,

Saf Dhillon
President & CEO

iMetal Resources Inc.
info@imetalresources.ca
Tel. (604-484-3031)
Suite 550, 800 West Pender Street, Vancouver, British Columbia, V6C 2V6.

https://imetalresources.ca

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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.

SOURCE: iMetal Resources, Inc.



View source version on accesswire.com:
https://www.accesswire.com/727926/iMETAL-Resources-Submits-Drilling-Permits-for-Next-Phase-of-Exploration-at-Gowganda-West-and-Ghost-Mountain

FAQ

What are the new developments from iMetal Resources regarding the ADTFF stock?

iMetal Resources has submitted exploration drilling permits for its Gowganda West and Ghost Mountain projects, signaling a new phase of exploration.

What is the significance of the Gowganda West project for iMetal Resources?

The Gowganda West project is strategically located near Aris Gold Corp.'s Juby Project and has shown previous positive drilling results, enhancing its exploration potential.

Where are the Gowganda West and Ghost Mountain projects located?

Both projects are situated within the Abitibi Greenstone Gold Belt in Ontario, Canada.

Who is leading the exploration efforts at iMetal Resources?

The exploration efforts are led by Saf Dhillon, the President and CEO of iMetal Resources.

What are the key results from previous drilling at the Gowganda West project?

Previous drilling results from Gowganda West included intervals of up to 67.9 g/t Au, indicating significant mineralization potential.
ADTFF

:ADTFF

ADTFF Rankings

ADTFF Latest News

ADTFF Stock Data

8.57M
37.42M
4.23%
6.38%
Gold
Basic Materials
Link
Canada
Vancouver