iMetal Resources (TSX-V:IMR) has completed its 2025 phase one drilling at the company’s Gowganda West project.
Core logging and sampling is in progress and samples will be sent to the ALS Minerals laboratory in Val D’or, Québec.
The drill program focused in the area of IMGW23-04, at the location of the spring 2023 discovery hole of 48.5m of 0.85 grams per tonne of gold starting at 316.5m.
CEO Saf Dhillon says with the runup in the price of gold over the past two years, the increased liquidity in the overall metals and mining markets in general and the developments with bordering neighbours, “we anxiously anticipate the return of the assays from the lab”.
During phase one drilling, a total of 2,640m were completed in six holes to expand the mineralised footprint of IMGW23-04 along strike and up and down dip.
The original plan to drill 2,500m was expanded to 2,640m based on recommendations of the onsite geological team.
McFarlane Lake Mining, contiguous to the northwest has identified a parallel zone to its Juby Zone within the regional Ridout-Tyrrell Deformation Zone, the 826 Zone, which appears to trend into the area of the 2025 drilling.
The drilling intersected the targeted host rocks that exhibited alteration patterns and mineralisation similar to that which was intersected in the 2023 drill program.
The dominant lithology intersected was polymictic conglomerate of Indin Lake Group previously intersected in IMGW23-04, as well as local mafic and felsic dykes.
Zones of moderate to pervasive hematisation /potassic alteration, sericitisation and silicification were noted in the drill holes. Mineralisation included disseminated and clast-replacement controlled pyrite, while a few holes also intersected local chalcopyrite vein fractures or plurimillimetric clusters.
Core logging is wrapping up and core saw sampling is well underway. Samples will be sent to the lab as each hole is completed.
Write to Adam Orlando at Mining.com.au
Images: iMetal
