iMetal Resources Inc. is pleased to announce the results of the previously announced IP Survey at the Oakes Gold Project located in the Beardmore-Geraldton Greenstone Belt of Northern Ontario, northeast of Thunder Bay. The IP survey has successfully confirmed the Company's premise that the gold-bearing HG Shear Zone is a significant structure shown to extend over 2km in strike length as evident from the chargeability [...]
iMetal Resources Inc. is pleased to announce effective immediately, that its common shares are now eligible for electronic clearing and settlement through the Depository Trust Company in the United States. DTC is a subsidiary of the Depository Trust & Clearing Corporation, a U.S. company that manages the electronic clearing and settlement of publicly traded companies. Securities that are eligible to be electronically [...]
iMetal Resources Inc. is pleased to announce, effective immediately, the appointment of Joyce Liu as Chief Financial Officer and Corporate Secretary, replacing Scott Davis as Chief Financial Officer and Frances Murphy as Corporate Secretary. Mr. Davis remains with the Company as a member of the Board. Ms. Liu joins the Company from Corex Management Inc., a full-service accounting group that provides financial and support [...]
iMetal Resources Inc. is pleased to announce the commencement of trenching at its flagship Gowganda West property in the Shining Tree District of the Abitibi Greenstone Gold Belt of Northern Ontario. The two-week program will concentrate on Zone 1 and Zone 3, where results from the April 2021 sampling program returned highlight gold grab sample values of: Zone 3 returned: 11.3 g/t, 29.6 g/t and 67.9 g/t gold; Zone 1 [...]
iMetal Resources Inc. is pleased to report the completion of the line cutting component of the 2021 IP program at the Oakes Gold Project in the Geraldton-Beardmore Greenstone Belt of Northern Ontario. A total of 12.8-line kilometres were cut to expand the IP grid to the east and to the west in preparation for a late summer drill program at Oakes. Canadian Exploration Services Inc. of Kirkland Lake has been contracted to [...]
iMetal Resources Inc. is pleased to release assay results from the late April 2021 field program at its flagship Gowganda West property in the Shining Tree District part of the Abitibi Greenstone Gold Belt of Northern Ontario . The program concentrated largely at Zone 1 and Zone 3, in preparation for trenching and drilling. Highlights include: Zone 3 highlights include: grab sample values of 67.9, 29.6 and 11.3 g/t gold [...]
iMetal Resources Inc. is pleased to announce that it has closed an initial tranche of its previously announced non-brokered private placement of units and FT shares . In connection with the closing of this tranche of the Private Placement the Company issued 7,700,000 Units at an issue price of $0.10 per Unit and 577,000 FT Shares at an issue price of $0.13 per FT Share for aggregate gross process of $845,010.00. Units [...]
iMetal Resources Inc. is pleased to announce that it has arranged a non-brokered private placement of units and FT shares for gross proceeds of up to $2,000,000. Units will be priced at $0.10 per Unit and will consist of one common share in the capital of the Company and one transferable share purchase warrant . Each Warrant will entitle the holder thereof to purchase an additional Share at an exercise price of $0.20 for [...]
iMetal Resources Inc. is pleased to announce amendments to the residual Net Smelter Return royalties to the underlying property vendors for the Gowganda West, Mosher Lake and Ghost Mountain properties: Gowganda West NSR remains at 3% with the Company now holding the option to buy back fifty percent reducing the NSR to 1.5% at any time up to production for $1,000,000; Mosher Lake NSR remains at 2% with the Company now [...]
iMetal Resources Inc. is pleased to announce the acquisition of a portfolio of road accessible gold projects from Riverside Resources Inc.'s. The Oakes, Pichette and Longrose gold projects are located in the Beardmore Geraldton Greenstone Belt , northeast of Thunder Bay, Ontario. Highlights from the three projects include: Oakes is 3,670 hectares and hosts a gold bearing shear zones. Historic channel sampling of the HG [...]
iMetal Resources Inc. is pleased to announce that it has retained RedChip Companies, Inc. to lead its investor relations efforts. "We are excited to work with RedChip to strengthen our communications with the investment community," commented iMetal CEO Saf Dhillon. "After comparing the alternatives, we selected RedChip to help increase our visibility amongst investors because they have an impeccable reputation and a [...]
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. 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 [...]
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