Explorer Discovers New Gold Mineralization at Abitibi Gold Belt Property Source:
Streetwise Reports (1/21/21) iMetal Resources is setting out to see if the multi-million ounce gold resource next door continues onto its Gowganda West property in Ontario.
iMetal Resources Inc. (IMR:TSX.V; ADTFF:OTCBB) holds about a half-dozen projects in Ontario and Quebec, with Gowganda West in northern Ontario in the Abitibi Greenstone Beltand about 90 km southwest of the Timmins Gold Campits chief focus. The property abuts Caldas Gold Corp. s Juby Gold project where an October 2020 technical report estimated a resource of 773,000 ounces of gold at a grade of 1.13 grams per tonne (g/t) in the Measured and Indicated category and 1.488 million ounces at 0.98 g/t in the Inferred category.
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Caldas Gold Receives Technical Approval for Marmato Mining Title Extension
Caldas Gold CorporationJanuary 18, 2021 GMT
TORONTO, Jan. 18, 2021 (GLOBE NEWSWIRE) Caldas Gold Corp. (TSX-V: CGC; OTCQX: ALLXF) announced today that it has received official notification from the Agencia Nacional de Mineria (“ANM”) confirming approval of the technical information related to its request for a 30-year extension of its Marmato mining contract 014-89M. With the economic conditions and technical approval now complete, the Company and the ANM are finalizing the legal documents for the mining title extension. The Company expects that the extension process will be completed before the end of January at which time it will proceed with the closing of the Aris Gold transaction.
Cash payment amount:
Approximately US$0.11958030 per US$1.00 principal amount of Gold Notes issued and outstanding representing an amortization payment of the principal amount of approximately US$0.08128079 per US$1.00 principal amount of Gold Notes and a gold premium of approximately US$0.03829951 per US$1.00 principal amount of Gold Notes. Based on the London P.M. Fix on January 15, 2021 of US$1,839.00 per ounce, the aggregate amount of the cash payments on the Payment Date will be US$4,248,090, of which US$2,887,500 will be applied to reduce the aggregate principal amount of the Gold Notes issued and outstanding and the balance represents the Gold Premium.
iMetals Discovers New Gold Mineralization at Zone 1 and a New Greenfield Gold Zone with Highlight Values of 5.13 g/t Gold
IMetal Resources Inc. is pleased to provide significant gold assay results from the 2020 exploration program, including a significant greenfields gold discovery at its Gowganda West Property, within the prolific Abitibi Greenstone Belt, southwest of Timmins, Ontario. procedure, an aqua regia digestion with ICP finish, with 1A2 procedure for gold, a 30-gram fire assay with AA finish. Actlabs is independent from …
iMetal Resources Inc. (TSXV:IMR)(FRANKFURT:A7V2) (“iMetal” or the “Company”) is pleased to provide significant gold assay results from the 2020 exploration program, including a significant greenfields gold discovery at its Gowganda West Property, within the prolific Abitibi Greenstone Belt, southwest of Timmins, Ontario. (See Figure 1
iMetal Resources, Inc.: iMetals Discovers New Gold Mineralization at Zone 1 and a New Greenfield Gold Zone with Highlight Values of 5.13 g/t Gold
)(FRANKFURT:A7V2) (
iMetal or the
Company ) is pleased to provide significant gold assay results from the 2020 exploration program, including a significant greenfields gold discovery at its Gowganda West Property, within the prolific Abitibi Greenstone Belt, southwest of Timmins, Ontario. (See Figure 1)
Highlights from the first phase program include:
Discovery of new gold mineralization extending Zone 1 to the north for a total of 500 length of metres, open in both directions;
Zone 1 highlight grab sample values include 5.13 g/t gold, with 5 of the 7 samples in the northern extension returning values in excess of 1 g/t gold from a strongly ankerite altered, brecciated unit;