iMetal Resources Inc. announced the completion of a drone magnetics survey at its 220-hectare Ghost Mountain property, located 42 kilometres northeast of Kirkland Lake, Ontario, in the Abitibi Greenstone Gold Belt. Ghost Mountain has a long, sporadic exploration history going back to the 1950's. Originally, the ground around Ghost Mountain was prospected and drilled for asbestos, with one hole completed on the current claim block. The hole appears to have been drilled perpendicular to stratigraphy, intersecting peridotite from bedrock to full depth at 695ft (211.8m).

The next drilling took place in 1974, with one hole drilled within the claim block. Intermediate volcanics, rhyolite, graphitic tuff and andesite were interested, with several areas of quartz veins and sulfides noted. A further drill hole was completed in 1983, in the opposite direction to the 1974 hole, intersecting metasediments and andesites, with local areas of quartz veins and sulfides.

One hole was drilled south of the claim block in 1991, with the last 75 metres underlying the current claim block, intersecting mafic and ultramafic volcanics. The ultramafic carried ankerite, sericite and fuchsite, with fracture filling pyrite. The final historic drilling was completed in 1993, with one hole lying within the current property.

This hole was an extension of an earlier hole, intersecting mafic to ultramafic volcanics with strong to pervasive ankerite and local sericite and fuchsite. There were no assays filed with any of the drill logs. The drone magnetic survey was undertaken to highlight geophysical anomalies that may be related to structural zones or corridors which may have acted as conduits and/or hosts for precious metal mineralization.

While assay results from the historic drilling are not available, areas of intense alteration, quartz veining and sulfides were noted in the drill logs, supporting the potential of the Ghost Mountain property. The scientific and technical information contained in this news release has been reviewed and approved by R. Tim Henneberry, P.Geo (British Columbia), a director of iMetal and a qualified person as defined in National Instrument 43-101.