Vancouver, British Columbia / Access Wire / June 22, 2010 /iMetal Resources Inc. (TSXV: IMR) (OTC PINK: ADTFF) (FRANKFURT: A7V2) (“”iMetal” or “Company“) Is pleased to announce the completion of a drone magnetic survey at the 220 hectares of Ghost Mountain Property in the Avitibi Greenstone Gold Belt, 42 km northeast of Kirkland Lake, Ontario.
“The recent success of Agnico Eagle’s Holt and Holloway Mine, 5 km east of the Ghost Mountain property, requires a closer look at Ghost Mountain. The Dronemag survey was the first step in generating exploration targets. Received a final report from Abitibi Geophysics. After that, we will send field crew members to the ground truth anomaly to predict the target ground for gold mineralization, “commented Saf Dhillon, president and CEO of iMetal.
Ghost Mountain has a long history of sporadic exploration dating back to the 1950s. Initially, asbestos was explored and excavated on the ground around Ghost Mountain, completing a hole in the current claim block. The hole is excavated perpendicular to the stratum and appears to intersect the peridotite to a depth of 695 feet (211.8 m) from the bedrock. The next excavation took place in 1974, with one hole excavated in the claim block. Intermediate volcanic rocks, rhyolites, graphitic tuffs, andesites were of interest, with some areas of quartz veins and sulfides being noted. In 1983, an additional drill hole was completed, in the opposite direction of the hole in 1974, where the local areas of quartz veins and sulfides intersected with metadeposits and andesite. A hole was drilled south of the claim block in 1991, the last 75 meters below the current claim block, intersecting the mafic and ultramafic volcanic rocks. Ultramafic rocks carried ankerite, sericite, and fuxite with crushing to fill pyrite. The final historic excavation was completed in 1993 and there is one hole on the current site. This hole is an extension of the previous hole, intersecting mafic to ultramafic volcanic rocks, strong to permeable sericite and localized sericite and fukusite. No assay was submitted in any of the drill logs.
Magnetic surveys of the drone were conducted to highlight geophysical anomalies that may be associated with structural zones or corridors that may have acted as conduits and / or hosts for precious metal mineralization. Analysis results from historic drilling are not available, but areas of severe alteration, quartz veins, and sulfides are recorded in the drill log, confirming the potential characteristics of Ghost Mountain.
The scientific and technical information contained in this news release has been reviewed and approved by iMetal Director and Qualified Persons as defined in National Instrument 43-101, R. Tim Henneberry, P. Geo (British Columbia). increase.
About iMetalResources Inc.
A Canadian-based junior exploration company focused on exploring and developing its portfolio of resources and assets in Ontario and Quebec. iMetal promotes the Goganda West project adjacent to the Jubby project, an advanced exploration stage gold project within the Shining Tree camp area south of the Abitibi Greenstone Gold Belt, about 100km south-southeast of Timins Gold Camp. Focuses on. ..
On behalf of the board,
Saf Dhillon
President and CEO
iMetal Resources Inc.
info@imetalresources.ca
phone. (604-484-3031)
Suite 550, 800 West Pender Street, Vancouver, British Columbia, V6C2V6.
https://imetalresources.ca
Neither the TSX Venture Exchange nor its regulatory service provider (the term is defined in the TSX Venture Exchange Policy) is responsible for the validity or accuracy of this release.
This news release may contain forward-looking statements that are affected by risks and uncertainties. All statements within, except those of historical facts, are considered forward-looking. We believe that such forward-looking statements are based on reasonable assumptions, but such statements do not guarantee future performance and actual results or progress are forward-looking statements. Can be very different from. Factors that may cause actual results to differ materially from those described in the future outlook include research results, fluctuations in mineralization results, community relationships, market prices, and ongoing capital and funding. Includes availability and general economic, market, or business conditions. .. Readers are advised to rely on their own assessment of such uncertainties, as there can be no guarantee that such statements will be proven to be accurate. We undertake no obligation to update any forward-looking statement, except as required by applicable law.
sauce: iMetal Resources Inc.
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