IMC Exploration Group Plc Update re. Appraisal Drilling and Sampling

 
TIDMIMC 
 
THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY IMC EXPLORATION 
GROUP PLC TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE 
REGULATION (EU) NO. 596/2014, AS AMENDED ("MAR"). 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 Public Limited Company 
 
     Update on appraisal drilling at North Wexford and West Avoca sampling 
 
IMC Exploration Group plc (IMC), the London-listed gold exploration company 
based in Ireland, is pleased to provide an update on its current drilling at 
its North Wexford gold project and its West Avoca spoils' and tailings' 
project. 
 
IMC is continuing follow-up work on the appraisal drilling that was based on a 
gold-in-soil anomaly on its North Wexford gold project.  Historical work had 
encountered an intercepted grade of 0.5 g/t Au over 18.6m, as was announced on 
13th October 2020 under the headline "Drilling Report; New Appraisal Programme 
in N. Wexford" informing the market of the permitting of appraisal drilling on 
the North Wexford licence area. IMC targeted its appraisal drilling to 
intersect the mineralised zone at greater depth than the historical drilling 
and encountered disseminated and vein pyrite mineralisation and alteration 
indicative of a strong mineralising system. Logging and sampling of the core 
are ongoing.  This new data confirms and expands on that outlined previously, 
and can be reported in accordance with the JORC Code (2012). 
 
Twelve trial pits were excavated at West Avoca and sampling is now complete. 
This is designed to facilitate the upgrade of this Exploration Target to an 
Inferred Resource.  Initial work indicates confirmation of the extra tonnage 
previously identified ( RIS announcement of 8th September 2020) and additional 
tailings' tonnage discovered during this trial pitting phase. Assay results are 
expected shortly. 
 
This new information will complement the "CSA Global IMC Mineral Resource 
Estimate" on IMC's spoils and tailings project at East Avoca, Co. Wicklow, 
where the Inferred Resource alone is circa 20,000 oz gold. 
 
IMC Chairman, Eamon O'Brien, commented, "We are gratified to be receiving 
positive indications from our appraisal drilling on our North Wexford gold 
project.  The drilling has encountered mineralisation and alteration indicative 
of a strong mineralising system.  Furthermore, the initial indications from our 
trial pit sampling on the spoils' and tailings' project in West Avoca are 
highly encouraging." 
 
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, 19th November 2020 
 
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: [phone]/ [phone] / 
[e-mail] 
Brinsley Holman: [phone] /  [e-mail] 
 
IMC Exploration Group plc 
Kathryn Byrne: [phone] 
 
 
 
END 
 

(END) Dow Jones Newswires

November 19, 2020 02:58 ET (07:58 GMT)