The 2021 results confirm the earlier sampling and have defined the target areas for the upcoming trenching and drilling programs,' commented iMetal CEO,
Zone 1 is associated with Timiskaming type metasedimentary rocks comprising siltstone, sandstone and predominately conglomerate. Gold mineralization is found where conglomerate transitions into finer grained rock types. The conglomerate contains clasts of jasper rich, banded iron formation and is highly magnetic. In additional, the conglomerate contains significant amounts of pyrite, resulting in the unit showing as strongly conductive in induced polarization surveys. The 2018 airborne mag and 2019 IP surveys have allowed mapping of the conglomerate and its boundaries.
Zone 1 mineralization seems to occur within northward trending structures at or near geological boundaries with conglomerate and finer grained sediments. Exposures in cleared areas from historical work shows potassic alteration and silica flooding over significant widths. Recent sampling in Zone 1 has confirmed previous sampling and shows a north-south trend to gold mineralization. Faulting in this area also trends north south and has served as corridors for late diabase dikes that have intruded into the existing weaker bedrock. Gold mineralization is associated with narrow, quartz-carbonate-pyrite veins hosted within wider zones of ankerite-albite-silica-sericite alteration and variable amounts of fine-grained, disseminated pyrite. Gold appears to be associated with pyrite, the higher the pyrite content generally the higher the gold content.
Zone 3 similarly is hosted in metasedimentary rocks, however, the mineralization is oriented northeast-southwest and dips westward. Fifteen samples were taken from this area in April eight of which returned gold values over 1 g/t gold with a highlight value of 67 g/t gold. The highest-grade samples were found in larger areas of silica flooding associated with narrow units of felsic intrusive rock. Past sampling in this area also returned high grade gold.
A total of 121 samples were taken during the April program with 26 returning values in excess of 0.1 g/t gold. Twelve of the 26 returned values in excess of 1 g/t gold, of which 5 were in excess of 10 g/t gold.
About Gowganda West
The Gowganda West property covers approximately 147 sq km in the Shining Tree volcano-sedimentary succession of the southwestern
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