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iMetal Resources Inc.
Summary
| Project: | Gowganda West | |
|---|---|---|
| Deposit: | Gowganda West | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 5/16/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 16-5-2019: iMetal Resources Inc. announces an Exploration/Drilling Update report for its Gowganda West deposit at the Gowganda West project. Drilling results incl. 2.5m @ 2.95g/t Au from 141.5m. The Zone 1 South Area was drill tested with 5 diamond drill | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Dave Gamble (Internal) | |
| ABSTRACT: | The Zone 1 South Area was drill tested with 5 diamond drill holes totaling 1,258 meters. All drill holes intersected the Archean aged Indian Lake Group (I.L.G) clastic meta-sedimentary lithologies. Recent geochronological age dating by Ayers et al 2013, indicates the I.G.L. is 2690-2680 Ma and is Archean aged and is therefore part of the Porcupine Assemblage. The I.L.G. meta-sedimentary lithologies exhibit spectacular bright red to maroon red jasper grit, granules, pebbles to boulders that are also very commonly found in the slightly younger Timiskaming Assemblage 2676-2670 Ma that also commonly occur within the regional significant gold camps both at and near Kirkland Lake and Timmins Ontario. Assay results for the 5 diamond drill hole program indicates that the gold mineralization encountered to date appears to be part of and within an extensive large near surface hydrothermal alteration and gold mineralizing system. The nature of the I.L.G. meta-sedimentary lithological sequence appears to have provided a permeable and porous favorable host environment for a gold bearing hydrothermal system to develop and become established. As a result, there are extensive core lengths of geochemically anomalous to low grade gold mineralization from the results that have been returned for the drill testing on the Zone 1 South area. | |
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