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Share Name Share Symbol Market Type Share ISIN Share Description
Imc Exploration Group Plc LSE:IMC London Ordinary Share IE00B6WC2H62 ORD EUR0.001
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 1.00 0.95 1.05 1.00 1.00 1.00 77,804 07:48:53
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
0.0 -0.4 -0.1 - 3

IMC Exploration Group Plc North Wexford Appraisal Update

23/02/2021 7:41am

UK Regulatory (RNS & others)


 
TIDMIMC 
 
THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY IMC TO 
 CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION 
(EU) NO. 596/2014 AS AMENDED ("MAR") OR EQUIVALENT, TRANSITIONAL REGULATIONS IN 
 THE UNITED KINGDOM. ON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY 
INFORMATION SERVICE ("RIS"), THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN 
                              THE PUBLIC DOMAIN. 
 
              IMC Exploration Group plc ("IMC" or the "Company") 
 
     Gold mineralisation confirmed in appraisal drilling at North Wexford 
 
  * Zones of gold mineralisation present throughout rhyolites 
 
  * Potential for mineralisation confirmed along strike and to depth 
 
  * Rocks intersected also confirm base metal potential 
 
IMC Exploration Group plc (IMC), the London-listed gold exploration company 
based in Ireland, is pleased to report that drillhole 20-1200-01 intersected a 
47m mineralised acid volcanic horizon (mainly rhyolites) at depths up to 50m 
deeper than historical drilling, during appraisal drilling on its North Wexford 
gold project. Gold mineralisation occurs over five closely-spaced intervals 
(ranging from 0.9 - 1.4m wide) with a maximum grade of 0.4 g/t Au over a 1m 
interval. 
 
These grades are in line with those reported previously from historic drill 
hole GQ1 (reported 19th November 2020; 0.5 g/t Au over 18.6m).  The alteration 
associated with the rhyolites is extensive and indicative of a strong 
mineralising system that is prospective for both gold and base metals. 
 
The acid volcanic package tested by both GQ1 and 20-1200-01 is one of three 
similar geological horizons that traverse PL 1200. Historical geochemical 
sampling has proved elevated gold values spatially associated with all three 
horizons. In total, there is a strike length of circa 9km of highly prospective 
rock types on the licence.  Furthermore, IMC operates both the adjoining 
licence to the southeast (PL 1199), which has the strike continuation of the 
same geology as PL 1200, and the highly prospective licence to the northwest 
(PL 2551), where IMC reported gold grades of 354 g/t Au over a 1.5m width in 
drilling at Boley. 
 
Chairman Eamon O'Brien commented, "IMC's drilling information from PL 1200 
confirms the mineralisation potential of the North Wexford area as indicated in 
IMC's 28th January 2021 announcement. Having now validated that gold 
mineralisation is present in the rhyolites, future exploration will focus along 
strike, to determine an exploration vector towards the probable feeder zone of 
the mineralisation." 
 
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, 23rd February 2021 
 
The Directors of IMC, after due and careful enquiry, accept responsibility for 
the contents of this announcement. 
 
REGULATORY ANNOUNCEMENT ENDS. 
 
Enquiries: 
 
Keith, Bayley, Rogers & Co. Limited 
 
Graham Atthill-Beck: +44 20 7464 4091/ +44 7506 43 41 07 / 
Graham.Atthill-Beck@kbrl.co.uk 
 
Brinsley Holman: +44 20 7464 4098 / +44 7776 30 22 28 / 
Brinsley.Holman@kbrl.co.uk 
 
 
IMC Exploration Group plc 
 
Kathryn Byrne: +353 85 233 6033 
 
 
 
 
END 
 
 

(END) Dow Jones Newswires

February 23, 2021 02:41 ET (07:41 GMT)

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