The Kerrs Gold historical resources estimate was disclosed in 'NI 43-101 Resource Estimation on the Kerrs Gold Deposit,
Composite length of 2 m was chosen and composites were weighted by length.
Sectional interpretations were wire-framed to create 3-D solids of the zones.
Zones were coded to the composites, and the block model, to constrain the modeling process.
Composites for the mineralized zone were used to interpolate into the blocks for each zone.
Ordinary kriging was used as the interpolator.
Relative elevation modeling was used to guide the ellipse orientation that accounts for the variation in dip due to the synclinal structure.
A minimum of two composites were used for each block and a maximum of two composites were used per drill hole; a maximum of 12 composites were used per hole.
A cutting factor was applied for gold with outlier composites limited to 10 g/t Au based on cumulative frequency plots. A zero-cut-off grade was used for the manual polygonal method.
The Kerrs historic estimate is an inferred resource as defined in National Instrument 43-101. The Company is not aware of any more recent resource estimates, though there was further drilling completed after the historic estimate was released. The Company will need to review the historical drilling and analyses and will need to twin a number of the historic holes to bring the historic estimate current.
The DEP was completed by
The Company performed an internal audit of all historical data for Kerrs and subsequently created a new interpretation of the gold-hosting zones to generate new drill targets. The re-interpretation discovered several areas indicating up-dip potential from the historic resource zones. There are also previously untested geophysical anomalies that represent possible parallel structures to the known mineralized zones. In addition, the Company believes previously identified basal till anomalies have never been properly explained by the existing discoveries.
The scientific and technical information contained in this news release has been reviewed and approved by Scott Zelligan,
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iMetal is a Canadian based junior exploration company focused on the exploration and development of its portfolio of resource properties in
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Email: info@imetalresources.ca
This news release may include forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. Although the Company believes 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 those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include results of exploration, variations in results of mineralization, relationships with local communities, market prices, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements except as required under the applicable laws.
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