iMetal Resources, Inc. (TSXV: IMR) today announced the commencement of trenching operations at its Gowganda West property in Northern Ontario. The property covers roughly 147 square kilometres in the Shining Tree volcano-sedimentary succession of the Abitibi Greenstone Gold Belt.
The program is taking place over a two-week time frame, and will focus on Zone 1 and Zone 3. The two zones notably returned strong gold values in an April 2021 sampling program, with Zone 3 seeing samples containing 11.3 g/t, 29.6 g/t and 67.9 g/t gold, while Zone 1 returned sample values of 27.2 g/t and 16.35 g/t gold.
Activities at Zone 1 will include stripping exposures that were cleared in recent decades, where bedrock reveals silica flooding and potassic alteration. Trenching is to be conducted over a 50 metre length, where the firm will see field crews take continuous samples of the mineralized system, from which the company is to identify potential drill targets.
Sponsored · Silver47 Exploration Inc.
Zone 3 is currently slated to see three trenches conducted over a 200 metre strike length, to assess the continuity of mineralization and further test the grades. iMetal is hopeful that trenching operations will show these grades extending to the northeast.
iMetal Resources, Inc. last traded on the TSX Venture at $0.10.
Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
Gold Rush 2020: The Excitement Has Begun
The images are burned in many of our imaginations. The Klondike. The California Gold Rush....