iMetal Commences Drilling at Gowganda West
Momentum Public Relations
Press Release: February 05, 2019
iMetal Resources Inc. (TSX.V: IMR) (“iMetal” or the “Company”) is pleased to announce that first-ever diamond drilling has commenced at the Company’s Gowganda West Project. The first hole at the Zone 1 South target has been completed and is currently being logged at the company’s facilities in Kirkland Lake, Ontario.
Laframboise Drilling from Earlton, Ontario, has been contracted for the program. iMetal is also pleased to announce that it has added Mr. Dave Gamble of Dave Gamble Geoservices Inc. to its geological team. Mr. Gamble has decades of successful experience in Northern Ontario and is expected to play an important role as iMetal charts a path toward multiple new discoveries at Gowganda West.
Johan Grandin, iMetal President and CEO, commented: “Given the high grades and rock formations found at surface at Zone 1 South, just 500 meters from Pan American Silver’s Juby deposit, we’re very excited about this initial target. Dave is a great addition to our growing team as we build on our aggressive plans for 2019.”
We seek safe Harbor.
ON BEHALF OF THE BOARD OF DIRECTORS,
Johan Grandin
President & CEO,
Tel. (604) 739-9713
iMetal Resources Inc.
588-580 Hornby St., Vancouver , BC, V6C 3B6.
- Published in iMetals Resources Inc., Mining, News Home
iMetal appoints Dhillon director
Momentum Public Relations
Press Release: February 01, 2019
CORPORATE UPDATE: BOARD APPOINTMENT AND STOCK OPTION GRANT
iMetal Resources Inc. has appointed Satvir (Saf) Dhillon to its board of directors.
Mr. Dhillon, who was welcomed to the board of directors as of Dec. 5, 2018, has been involved in the development of companies primarily listed on the TSX Venture Exchange for about 20 years. He has held a variety of positions, including investor relations, business development, senior management and board directorships.
As part of the management team at U.S. Geothermal Inc., during his 12-year tenure there, the market capitalization increased from $2-million to $250-million, and it became an independent power producer. Mr. Dhillon is currently the president, chief executive officer and director of Glacier Lake Resources Inc., and he also sits on the board of Equatorial Exploration Corp., UC Resources Ltd., Earl Resources Ltd. and ESI Environmental Sensors Inc., as well as providing his skills and knowledge to several other private and public companies.
On Dec. 13, 2018, the company granted 200,000 stock options at 11 cents to a director of the company, and the options shall vest immediately with an expiry date of Dec. 13, 2023, and are subject to TSX Venture Exchange approval.
- Published in iMetals Resources Inc., Mining, News Home
iMetal adds 35 sq km to Gowganda West by staking
Momentum Public Relations
Press Release: December 17, 2018
iMetal Resources Inc. has provided a exploration and corporate update as the company rapidly progresses toward maiden drilling at its Gowganda West property, contiguous to the Juby project and 15 kilometres west of a new drilling discovery announced by Canada Cobalt.
Highlights:
- iMetal has increased its Gowganda West land package to 140 square kilometres by adding, through staking, an additional 35 square kilometres along the eastern boundary in Leith township. As a new understanding of Gowganda West emerges through extensive sampling and state-of-the-art airborne geophysics, areas previously neglected due to overburden cover are considered much more highly prospective for gold, copper, silver, cobalt and other metals;
- Phase 1 channel sampling has been completed at newly discovered highly mineralized outcrops at Zone 1 South — results pending;
- Geotech is in the process of completing a nearly 500-line-kilometre phase 1 versatile time domain electromagnetic and magnetics survey at Gowganda West.
Tom O’Connor, iMetal exploration manager, commented: “The extent to which we have been able to systematically advance this project in recent months has our team tremendously excited leading up to first-ever drilling, hence the decision to expand the property package by more than 30 per cent.
“We’re pushing hard with our exploration plans going into year-end and the start of 2019. The Gowganda area is becoming a major new focus of attention in Northeast Ontario and we’re very pleased to be playing a key role,” Mr. O’Connor concluded.
We seek Safe Harbor.
- Published in iMetals Resources Inc., Mining, News Home
iMetal hires Geotech for VTEM survey at Gowganda West
Momentum Public Relations
Press Release: December 4, 2018
iMetal Resources Inc. is planning a fresh acceleration of current and near-term exploration activity at the company’s 105-square-kilometre Gowganda West property contiguous to the Juby gold deposit and 15 kilometres west of Canada Cobalt’s Castle mine.
Highlights:
- iMetal has contracted Geotech to launch a phase 1 helicopter-borne versatile time-domain electromagnetic survey (VTEM) and magnetics survey covering the upper half of Gowganda West.
- The high-resolution and deep-penetrating geophysical survey at 100-metre spacing is expected to identify potential important fault structures that may have been associated with significant mineralizing events at Gowganda West, directly south of the south boundary line of Tahoe Resources’ Juby deposit claim group.
- iMetal’s newly discovered Zone 1 South, just 500 metres from the northwest-trending Juby deposit, features highly mineralized outcrop in Timiskaming-style sediments (jasper pebble conglomerate) and green carbonate rocks trending north-south (refer to Nov. 28, 2018, news release).
- A channel sampling program has commenced at Zone 1 South immediately ahead of planned maiden diamond drilling.
Tom O’Connor, iMetal exploration manager, commented: “The VTEM and magnetics survey should greatly advance our understanding of Gowganda West. Limited historical exploration including no previous drilling have made this one of the most exciting grassroots discovery opportunities in Northeast Ontario, especially considering the impressive metal endowment of the area which includes the Juby deposit and the broader region extending northeast to Kirkland Lake. Extensive clear cutting and logging operations at Gowganda West have been critical factors in giving us important access and exposing very favourable outcrop with high-grade gold-copper showings as far as five km from recently identified Zone 1 South.”
Qualified person
The technical content of this news release has been reviewed and approved by Dr. Mark Fedikow, PhD, PGeo, a qualified person as defined under National Instrument 43-101.
We seek Safe Harbor.
- Published in iMetals Resources Inc., Mining, News Home
iMetal Samples 39.3 g/t Gold at Gowganda West
Momentum Public Relations
Press Release: November 28, 2018
iMetal Resources Inc. (TSX.V: IMR) (“iMetal” or the “Company”) is pleased to announce the discovery of a new area of highly mineralized outcrop (Zone 1 South) at its 100%-owned Gowganda West Property, contiguous to Tahoe Resources’ Juby gold deposit and 15 km west of Canada Cobalt’s Castle mine and property.
Highlights:
- – A total of 14 chip sample assays from Zone 1 South have returned values ranging from 39.3 g/t Au (sample #5901) to 0.60 g/t Au. Nine of the 14 samples exceeded 2 g/t and also included 16.5 g/t and 11.5 g/t;
- – Zone 1 South, as defined to date, features a 50-meter wide package of rusty-weathered and silicified jasper pebble conglomerate and green carbonate-altered diabase, exposed over a length of 60 meters before disappearing under cover. The zone strikes north-south;
– Prospecting crews are currently mobilizing to the site to channel sample Zone 1 South which is open along strike and potentially may be structurally linked with Zone 1 approximately 200 meters to the north near the property boundary with Tahoe;
– Preparations continue for near-term maiden drilling at Gowganda West.
Gary Grabowski, iMetal’s advisory board member who served as district geologist for Ontario’s Ministry of Northern Development and Mines for more than 35 years, commented: “This is another pleasant surprise for the Gowganda West Project and adds to iMetal’s growing list of drill targets. Gowganda in general has been very under-explored and offers potential for Kirkland Lake-style mineralization and deposits.”
Zone 1 South Details
Sample #5901 (39.3 g/t Au) was collected from a 10-meter high ridge in silicified and oxidized conglomerate with quartz stringers, red jasper clasts and finely disseminated pyrite and local concentrations of chalcopyrite. Five other samples, ranging in grade from 4.38 g/t to 0.60 g/t Au, came from this area. The remaining eight samples (16.5 g/t to 0.63 g/t Au) were collected immediately to the east, in lower lying outcrop, across two north-south trending, 1-meter wide quartz carbonate veins with finely disseminated pyrite. Overburden cover between the green carbonate altered mafic rocks and the conglomerate to the west will be mechanically stripped with an excavator to expose the bedrock.
Zone 1 South is easily accessible, situated immediately adjacent to a logging road. Extensive clear-cutting at Gowganda West has helped to expose areas such as Zone 1 South as well as Zones 3A, 3B and 3C that occur several kilometers further south where chip samples returned values as high as 56 g/t Au and 2.6% Cu.
Quality Assurance/Quality Control
iMetal Resources employed a rigorous quality assurance/quality control program to ensure best practices in sampling surface rock-chip samples of approximately one kilogram in weight. Activation Laboratories Ltd. (Actlabs), ISO certified, carried out the sample analysis in its Timmins, Ontario, facility. Samples were prepared using Actlabs’ RX1 sample preparation which consists of crushing the entire sample to 80% and riffle splitting and pulverizing a 350-gram split to 95%. A 50-gram sub-sample of the pulverized sample was subjected to Actlabs’ 1A2-50 analysis (fire assay with AA finish) and any analysis over 3000 ppb was re-assayed using Actlabs’ 1A3-50 analysis (fire assay with gravimetric finish). Actlabs is independent of the company and has used internal quality assurance/quality control protocols.
Qualified Person
The technical content of this news release has been reviewed and approved by Mark Fedikow, Ph.D. P.Geo., a qualified person as defined under NI-43-101.
We seek safe Harbor.
ON BEHALF OF THE BOARD OF DIRECTORS,
Johan Grandin
President & CEO, iMetal Resources Inc.
Tel. (604)739-9713
588-580 Hornby St., Vancouver, BC, V6C 3B6 / https://imetalresources.ca
- Published in Business, iMetals Resources Inc., Mining, News Home
iMetal Prioritizes Drill Targets, Grants Options
Momentum Public Relations
Press Release: November 20, 2018
iMetal Resources Inc. (TSXV: IMR) (“iMetal” or the “Company”) is pleased to provide the following corporate update:
Gowganda West Exploration Program
iMetal crews continue to carry out surface sampling over broad areas at the Company’s 100 sq. km Gowganda West Property, contiguous to Tahoe Resources’ Juby gold deposit and 15 km west of Canada Cobalt’s Castle mine. Targets for near-term initial potential drilling are being prioritized at Zone 3A, the start of a minimum 2.4-km-long apparent structural corridor where prospecting has returned multiple high-grade gold showings. The Company anticipates providing a detailed exploration update for Gowganda West in the coming days.
Stock Options Grant
On November 16, 2018, iMetal issued 1,600,000 incentive stock options to consultants of the Company. Each incentive stock option permits the grantee to acquire one common share of the Company at a price of $0.11 per share. Options expire five years from the date of the grant and are subject to TSX Venture Exchange approval.
Private Placement Finder’s Fee Update
Further to the Company’s news release of October 31, 2018, announcing the closing of its hard-dollar private placement for gross proceeds of $676,000, and for which the Company has received TSX Venture approval, the Company wishes to update the finder’s fees information. Mackie Research Capital Corp. received finder’s fees of $9,000 cash and 112,500 two-year warrants at $0.10 per share.
Director Changes
The Company also wishes to announce that as of October 31, 2018, Director Michael Blanchard resigned from the Board of Directors. The Company would like to thank Mr. Blanchard for his time, services and valuable contributions he made during his time as a director. He will continue to act as an advisor to the Company.
Replacing Mr. Blanchard as director of iMetal is Mr. Scott Davis who also holds the position of Chief Financial Officer for the Company. iMetal is very pleased to have Mr. Davis on board now as a director and would like to thank him for his continued and loyal contributions to the Company.
We seek Safe Harbor .
ON BEHALF OF THE BOARD OF DIRECTORS,
Johan Grandin
President & CEO , iMetal Resources Inc.
Tel. 604-739-9713
- Published in Business, iMetals Resources Inc., Mining, News Home
iMetal Resources 8.45-million-share private placement
Momentum Public Relations
Press Release: November 5, 2018
The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Oct. 31, 2018.
Number of shares: 8.45 million shares
Purchase price: eight cents per share
Warrants: 8.45 million share purchase warrants to purchase 8.45 million shares
Warrant initial exercise price: 10 cents
Warrant term to expiry: two years
Number of placees: 18 placees
Insiders: Johan Grandin, 500,000
Total pro group involvement: 500,000 (one placee)
Finder’s fee: Mackie Research Capital Corp., $9,000 cash and 112,500 warrants
Finder’s warrant initial exercise price: 10 cents
Finder’s warrant term to expiry: two years
Note that in certain circumstances the exchange may later extend the expiry date of the warrants if they are less than the maximum permitted term.
- Published in iMetals Resources Inc., Mining, News Home
iMetal exploration MOU with Temagami, Teme-Augama
Momentum Public Relations
Press Release: November 2, 2018
The TSX Venture Exchange has accepted for filing an exploration memorandum of understanding dated May 8, 2018, between the company and Temagami First Nation and Teme-Augama Anishnabai, whereby the company has agreed to terms that underline each party’s mutual respect for the land and a responsible approach to exploring in the first nations’ traditional territory. Consideration is 350,000 common shares at 8.5 cents.
Consideration: 350,000 shares and 2 per cent of all costs of the exploration
- Published in iMetals Resources Inc., Mining, News Home
iMetal Resources closes $676,000 private placement
Momentum Public Relations
Press Release: October 31, 2018
iMetal Resources Inc. has closed a non-brokered hard-dollar private placement with strategic investors for gross proceeds of $676,000, subject to TSX Venture Exchange approval.
The company will issue 8.45 million units at a price of eight cents per unit. Each unit consists of one common share and one share purchase warrant. Each warrant will entitle the holder to purchase one additional common share, exercisable at a price of 10 cents per share for a period of 24 months from the date of issue.
All securities issued under the private placement are subject to a mandatory hold period of four months plus one day following the closing of the private placement.
The proceeds of this private placement will be used for working capital and property development.
iMetal has recently ramped up exploration at its flagship 105 square-kilometre Gowganda West project, with more results from channel sampling of high-grade gold areas expected shortly in advance of coming first-ever drilling.
- Published in iMetals Resources Inc., Mining, News Home
iMetal Resources Receives Drill Permits for Gowganda West
Momentum Public Relations
Press Release: August 28, 2018
iMetal Resources Inc. (TSX.V: IMR) (“iMetal” or the “Company”) is pleased to report that it’s moving ahead with the next stage of exploration at its 105 sq. km Gowganda West Project following the receipt of multi-year drill permits from the Ontario Ministry of Mines and Development (MNDM). The Company can also now carry out planned mechanized stripping, trenching and ground-based geophysics over high-grade gold showing areas that continue intermittently for at least 2.4 km along an apparent structural corridor (Zones 3A, 3B and 3C).
iMetal has immediately mobilized an excavator and its exploration team is on the property, led by Exploration Manager Tom O’Connor.
Johan Grandin, iMetal’s President and CEO, stated: “We’re extremely pleased to have finally received drill permits and that we now have the ability to carry out a broad range of programs year-round to unlock the value of this very promising grassroots project. The extent of high-grade gold and copper surface showings on a property with no previous systematic exploration, and contiguous to a significant gold deposit, has our team believing it can turn Gowganda West into an exciting new discovery story.”
For a geology map and assay samples, please visit:https://imetalresources.ca/gowganda-west/gowganda-west-maps
Access to high priority targets over the summer has been vastly improved by a forest cutting company working in the area. They have built a solid gravel road straight from Highway 560 from Gowganda into the first targets at Zones 3A and 3B.
We seek safe Harbor
The technical content of this news release has been reviewed and approved by Mark Fedikow, Ph.D. P.Geo., a qualified person as defined under Ni 43-101.
ON BEHALF OF THE BOARD OF DIRECTORS,
Johan Grandin
President & CEO, iMetal Resources Inc.
Tel. (604) 739-9713
- Published in iMetals Resources Inc., Mining, News Home