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iMetal commences gold exploration at Gowganda

Apr 21, 2021

iMetal Resources has announced planning for the 2021 Phase I exploration program has been completed and the program will commence before the end of the month. The Riverside Resources Technical team has spent the last few months reviewing the historic iMetal sampling, geophysical and drilling data and has recommended a surface ground truthing program of geological mapping and trenching to confirm drill targets prior to a late H1 drill program.

"While the prior iMetal drill programs were successful in intersecting shorter intervals, including 2.95 g/t gold over 2.5 metres and 1.43 g/t gold over 4.6 metres, associated with longer intervals of +0.25 g/t gold, the Technical Team feels additional surface mapping and trenching is a prudent approach before further drilling is undertaken," commented iMetal CEO Saf Dhillon. "The two-week mapping and trenching program will focus on extending the mineralization footprint at both Zone 1 and Zone 3. Equally importantly, the program will ground truth high priority targets generated from the 2019, Zone 1 and Zone 3 IP survey," he concluded.

About Gowganda West

The Gowganda West property covers approximately 147 sq km in the Shining Tree volcano-sedimentary succession of the southwestern Abitibi Greenstone Belt contiguous to the north and west of Aris Gold Corp.'s (formerly Caldas Gold Corp.) Juby Gold deposit, a series of four mineralized alteration zones along the Tyrrell Shear Zone. Gold mineralization at Juby is associated with narrow quartz-carbonate-pyrite veins hosted within 20 to 330 metre wide zones of ankerite-albite-silica-sericite alteration and variable amounts of fine-grained, disseminated pyrite and also with multiple lenses containing narrow (<5m), higher grade quartz-carbonate-pyrite veins hosted within 5 to 50 metre zones of ankerite-albite-silica-sericite alteration and variable amounts of fine-grained, disseminated pyrite. The Juby Deposits host indicated resources of 774,000 ounces at 1.13 g/t Au and inferred resources of 1,488,000 ounces at 0.98 g/t Au. iMetal cautions investors mineralization at Juby is not necessarily indicative of similar mineralization at Gowganda West.

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