iMetal Resources Inc. has intersected 16.65 metres at 1.25 g/t gold within 62.25 metres at 0.61 g/t gold at its Gowganda West Gold Project, southwest of Timmins, Ontario. Drilling in the West Zone intersected broad levels of gold mineralization in multiple holes, with long intervals of gold mineralization encountered in two of the six holes completed during the program, complementing the spring 2023 discovery hole of 48.5m of 0.85 g/t Au starting at 316.5m. IMGW-25-06 returned 0.424 g/t gold over 278.35 metres from 45.1 to 323.45 metres, which included several sub-intervals, including: 1.019 g/t gold over 7.4 metres.
from 118.75 to 126.15 metres. 0.786 g/t gold over 5.8 metres from 315.95 to 321.75 metres. IMGW-25-03 returned 1.116 g/t gold over 6.2 metres from 342.75 to 348.95 metres McFarlane Lake Mining Limited, contiguous to the northwest has identifed a parallel zone to it's Juby Zone within the regional Ridout-Tyrrell Deformation Zone, the 826 Zone, which appears to trend into the West Zone.
The Gowganda West property hosts a large package of gold prospective Timiskaming metasediments, approximately 7 km in strike and up to 5 km in width, that hosts all the gold mineralization thus far discovered on the property. Successive drill programs advancing to the southwest continued to intersect increasing alteration and gold values in suspected NW trending zones and lead directly to the IMGW23-04 discovery hole. The 48.5m gold interval is characterized by a coarse-grained to boulder-sized conglomerate, with moderate to pervasive silica alteration associated with a large intermediate-mafic dyke.
Ther 2022 and 2023 drill programs appear to suggest a strong correlation between the intensity of the silica alteration and increased gold grades. Gowganda West is an exploration-stage gold project about 100 km south-southeast of Timmins, Ontario; contiguous to McFarlane Lake Mining's Juby Deposits Project in the Shining Tree Camp of the southern part of the Abitibi Greenstone Gold Belt; and also contiguous to the Knight project that is part of the Strategic Partnership between Orecap Invest Corp. and Agnico Eagle Mines Ltd. iMetal's fall 2022 and spring 2023 drill program were successful in intersecting new gold trends in the SW section of the property.
The Property also has multiple-ounce grab samples from trends that have yet to be drill tested.
