ADTFF Stock Price, News & Analysis

iMetal Resources announced positive results from its fall 2022 drilling campaign at Gowganda West, an exploration-stage gold project in Ontario. Seven drill holes totaling 2,611 meters intersected gold mineralization across multiple intervals. Notable highlights include 0.80m at 4.6 g/t gold and 0.80m at 4.1 g/t gold. The results indicate that gold zones at Gowganda West extend over at least 1,000m and suggest potential for significant gold deposits similar to the nearby Juby Project. The company plans further drilling in 2023, enhancing its geological model, which is expected to focus on higher-grade gold areas.

iMetal Resources Inc. (OTC PINK: ADTFF) has announced the election of Mr. Robert Coltura as a director following the recent AGSM held on December 20, 2022. Coltura, with over 20 years in public and private companies, brings substantial business development experience. The company also granted him 200,000 incentive stock options at $0.24, valid until January 4, 2028. Additionally, iMetal has extended its marketing agreement with MIC Market Information & Content Publishing until February 28, 2023, budgeting 140,000 Euro for these services.

iMetal Resources Inc. (OTC PINK: ADTFF) announced the completion of a non-brokered private placement raising $602,000. The company issued 2,150,000 flow-through shares at $0.28 each, with the proceeds directed towards advancing the Carheil Project in Quebec, near significant mining operations. Additionally, it paid $42,140 and issued 150,500 warrants exercisable at $0.35 until December 2024. All securities issued will have a holding period until May 1, 2023, in compliance with securities laws.

iMetal Resources announced the results of its Annual General and Special Meeting held on December 20, 2022, where 7,445,052 shares were voted. Shareholders re-elected four directors, including Satvir S. Dhillon and Robert Coltura, with voting percentages up to 99.95%. The meeting also approved Davidson & Company as auditors, a new 10% rolling stock option plan, and a Restricted Share Unit plan. Detailed information is available in the Company’s Information Circular dated November 7, 2022, on www.sedar.com.

iMetal Resources has completed a drone magnetics survey at its Shining Tree block, covering 565 hectares near the Gowganda West property. The survey consisted of 20 flights over two days. Initial findings indicate quartz veins and confirm the North-South geological trend in the area. CEO Saf Dhillon expressed optimism about the survey results, which will inform future exploration efforts in 2023. The company, operating in Ontario and Quebec, aims to advance its gold exploration projects, including the prominent Gowganda West. Full interpretations and results are awaited.

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.

iMetal Resources has appointed Mr. Scott Zelligan as Vice President of Exploration, effective immediately. Zelligan brings 14 years of experience in resource estimation and project management, notably enhancing the Eagle's Nest deposit while at Noront Resources. His expertise aligns with iMetal's projects in the Abitibi Greenstone Gold Belt. CEO Saf Dhillon highlighted Zelligan's broad skill set as a significant asset for ongoing and future developments, particularly in managing drilling and resource growth.

iMetal Resources has initiated a drone magnetics survey on its Shining Tree block, covering 565 hectares, located west of its Gowganda West property. Previous exploration, which included mapping and sampling, indicated potential for copper, gold, silver, and cobalt mineralization. CEO Saf Dhillon noted the similarities in geological features with other actively explored areas. The program aims to identify magnetic anomalies to guide further exploration. The technical information is validated by R. Tim Henneberry, a qualified person as per National Instrument 43-101.

iMetal Resources has completed its fall 2022 drill campaign at the Gowganda West gold project, located near Timmins, Ontario. The campaign involved seven drill holes totaling 2,611 meters, aimed at following up on promising gold intervals identified in previous drilling. Initial samples are being sent for assay, with results expected by year-end. CEO Saf Dhillon expressed satisfaction with the drilling process and emphasized the project's potential, situated close to significant gold deposits in the Abitibi Gold Belt.