IMC Exploration Group Plc Analysis/Assay Report of First Drill, W. Avoca

 
TIDMIMC 
 
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF 
Regulation (EU) No. 596/2014 of the European Parliament and the Council of 16 
April 2014 on market abuse as it forms part of retained EU law as defined in 
the European Union (Withdrawal) Act 2018 (the "MArket Abuse Regulation"). UPON 
THE PUBLICATION OF THIS ANNOUNCEMENT THE INSIDE INFORMATION IS NOW CONSIDERED 
TO BE IN THE PUBLIC DOMAIN. 
 
               IMC Exploration Group plc ("IMC") Assay Results: 
 
IMC Intersects 18.7m of Zinc, Lead and Silver Mineralisation in First Drillhole 
                                 at West Avoca 
 
  * Drillhole 21-3850-01 encountered four zones of massive and semi massive 
    sulphide mineralisation at depths between 159 and 206m 
 
  * When aggregated over a 18.7m interval, the upper three zones assayed 6.5% 
    zinc+lead and included 2.8m grading 12.6% zinc+lead and 2.2m grading 70g/t 
    silver 
 
  * Follow-up drill holes 21-3850-02 and -03 have both encountered massive and 
    semi-massive sulphide mineralisation and are being logged and sent to ALS 
    Laboratories in Co. Galway for analysis 
 
  * Drillhole 21-3850-04 will test the mineralisation 250m along strike to the 
    south-west of 21-3850-03 
 
IMC, the London-listed exploration company based in Ireland, is pleased to 
announce assay results from its first drillhole in a 1,000m drilling programme 
at its West Avoca property on PL 3850, Co. Wicklow, Ireland. 
 
The drill programme is focused on exploring the unmined south-western extension 
of the Avoca Cu-Zn-Pb-Ag-Au deposit.  Drill hole 21-3850-01 tested the down dip 
extent of an historic intercept (9m grading 10.3% zinc and 4.8% lead) and 
intercepted 18.7m (158.7-177.4m) of mineralisation grading 4.7% zinc and 1.8% 
lead (6.5% zinc+lead). The 18.7m interval includes 2.8m grading 9.3% zinc and 
3.3% lead (12.6% zinc+lead). A further 2.2m section assayed 70.3 g/t silver. 
 
A deeper, 13m wide (193.4-206.4m) intercept, assayed 1.6% zinc+lead. Both the 
upper and lower intervals have a gold grade of 0.1g/t over the respective 
widths (maximum 0.43m grading 0.64 g/t gold). 
 
The newly drilled intercepts are up to 60m down dip from the nearest historical 
intercept and geological correlations indicate a minimum dip extent of 
mineralisation of 140m.  The mineralisation remains open in all directions 
except to the north-east which has been mined. 
 
IMC plans that the drill programme will allow an independent resource 
calculation to be undertaken in addition to that already in place for the 
spoils' and tailings' project. 
 
Eamon O'Brien, Chairman, commented: 
 
"The Directors of IMC are delighted that we have intersected 18.7m of zinc, 
lead and silver mineralisation in our first drill hole at West Avoca. This 
drill programme has validated and extended zones of mineralisation encountered 
in historical exploration. Further, it has confirmed the geological 
interpretation and emphasises the validity in reassessing and drill-testing 
historical deposits where significant mineralisation still remains.  Our drill 
programme continues." 
 
This release has been approved by EurGeol Professor Garth Earls PGeo, FSEG, who 
is an independent consulting geologist and a Competent Person as described in 
the JORC 2012 reporting code. 
 
Eamon P. O'Brien, 
Executive Chairman, 
Dublin, 26th October 2021 
 
The Directors of IMC, after due and careful enquiry, accept responsibility for 
the content of this announcement. 
 
REGULATORY ANNOUNCEMENT ENDS. 
 
Enquiries: 
 
Keith, Bayley, Rogers & Co. Limited 
 
Graham Atthill-Beck: [phone] / [e-mail] 
 
Brinsley Holman: [phone]/ [e-mail] 
 
IMC Exploration Group plc 
 
Kathryn Byrne: [phone] 
 
 
 
 
END 
 
 

(END) Dow Jones Newswires

October 26, 2021 02:00 ET (06:00 GMT)