IMC Exploration Group plc reported that it has intersected a mineralised acid volcanic horizon at depths up to 50m deeper than historical drilling (reported 19thNovember 2020) during appraisal drilling on its North Wexford gold project. Pyrite mineralisation occurs throughout drill hole 20-1200-01 and the alteration encountered is strongly indicative of a mineralising system. Analytical and mineralogical studies are underway. In 1986, the only hole ever previously drilled in PL 1200 (GQ1) intersected elevated gold values at depth of c. 30m. Groove sampling of this drill core proved an intercepted grade of 0.5 g/t Au over 18.6m. IMC drill hole 20-1200-01 drilled a similar package of rock types to those in GQ1 with extensive pyrite mineralised rhyolitic horizons interbedded with acidic tuffs and black shales. This package of rock types is highly prospective for a range of mineralisation types including gold. The acid volcanic package tested by 20-1200-01 is one of three similar geological horizons that traverse PL 1200. Historical geochemical sampling has proved elevated gold values spatially associated with all three horizons. In total, there is a strike length of c. 9km of highly prospective rock types in the licence. Furthermore, IMC operates both the adjoining licence to the south-east (PL 1199) which has the strike continuation of the same geology as PL 1200 and the highly prospective licence to the north-west (PL 2551) where IMC reported gold grades of 354 g/t Au over a 1.5m width in drilling at Boley.