VANCOUVER, British Columbia / ACCESSWIRE / February 16, 2023 / iMetal Resources, Inc. (TSXV:IMR) (OTC PINK:ADTFF) (FRANKFURT:A7V) (“eye metal” or “company“) is pleased to announce the receipt of the final results and interpretations of its drone magnetic survey of the 565-hectare Shining Tree block 3.75 kilometers west of iMetal’s Gowganda West property. The survey will be completed in October and November 2022. Completed in. The results of the study are as follows: identified four priority target areas for gold exploration.
The key target area is Target 2, interpreted as a structurally controlled potential intrusion (metavolcano) complex, offset by the NNW fault and likely controlled by the NNE family of faults . Interpretation of the results includes geophysical interpretation of the bedrock (Fig. 1) and 3D inversion (e.g. Fig. 2).
CEO Saf Dhillon said: The company plans to focus initially on Target 2 to pinpoint any anomalies in preparation for the machine digging and drilling as soon as the snow clears. ”
A total of 224 line kilometers of data were included in this study. A thorough quality control process was performed and the following advanced processing was applied to the data.
- Total Magnetic Intensity (TMI)
- TMI Decreases to North Magnetic Pole (RTP)
- TMI RTP Calculated First Vertical Derivative (1VD)
- Computed analytical signal (AS) of TMI
- Tilted derivative (TDR) of TMI
- Total Transverse Derivative (THDR) of TMI
- 3D inversion with two methodologies: susceptibility distribution inversion and magnetic vector inversion.
Figure 1 – Geophysical Interpretation East Shining Tree Block
Figure 2 – 3D susceptibility reversal (NE direction)
All processing and interpretation was completed by Robert Hearst of P.Geo. GeoFizX Geophysical Consulting.
The scientific and technical information contained in this news release has been reviewed and approved by Scott Zelligan, P. Geo (Ontario), iMetal’s VP Exploration and Qualified Person as defined by National Instrument 43-101 .
About iMetal Resources Inc.
iMetal is a Canadian-based junior exploration company focused on the exploration and development of the Ontario and Quebec resource asset portfolio. One of the flagship properties, Gowganda West, is an exploration-stage gold project adjacent to the Jubie deposit, located within the Shining Tree Camp area in the southern part of the Abitibi Greenstone Gold Belt, approximately 100 kilometers south-southeast of Timmins Gold Camp. . The 665-hectare Kerrs Gold deposit consists of a series of gold-bearing pyritized quartz-vein exchange breccias, including his 2011 Historic Resource, 90 kilometers east-northeast of Timmins. The 220-hectare Ghost Mountain site lies 42 kilometers northeast of Kirkland Lake and 5 kilometers west of Agnico Eagles Holt and Holloway Mine.
On behalf of the Board of Directors,
saf dillon
President and CEO
I Metal Resources Co., Ltd.
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Phone number (604-484-3031)
Suite 550, 800 West Pender Street, Vancouver, British Columbia, V6C 2V6.
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This news release may contain forward-looking statements that involve risks and uncertainties. All statements other than statements of historical fact are considered forward-looking. Although we believe that 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 forward-looking statements. Factors that could cause actual results to differ materially from forward-looking statements include exploration results, fluctuations in mineralization results, community relations, market prices, and the continued availability of capital and funds. availability, and general economic, market or business conditions. There can be no assurance that such statements are accurate and readers are advised to rely on their own assessment of such uncertainties. We undertake no obligation to update any forward-looking statements, except as required by applicable law.
