IMC Exploration Group Plc Update re. Trinity College Dublin Collaboration

 
TIDMIMC 
 
HE 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"). 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") 
 
Trinity College Dublin / IMC Exploration Group plc significant developments on 
                              Avoca Mine Property 
 
IMC Exploration Group plc is pleased to report significant progress on its 
collaboration with the Raw Materials Group at Trinity College Dublin. Research 
has focused on: 
 
(i) resolving the styles and occurrences of gold in the highly prospective 
Caledonian terranes across Ireland; and 
 
(ii) through detailed petrographic work, characterising the gold-rich Kilmacoo 
zone at IMC's Avoca Mine property in Co. Wicklow. 
 
At Kilmacoo, this work has shown that: 
 
  * Gold is associated with chalcopyrite; 
  * Gold is present as discrete recoverable phases of electrum; 
  * Gold - copper mineralisation is focused in late veins, which cut across the 
    Avoca massive sulphide sequence. 
 
Through the ERAMIN2 - Gold Insight Project, researchers at Trinity College 
Dublin and the Geological Survey of Ireland are tracing this gold - copper 
association across the region to discover how it relates to copper signatures 
in East and West Avoca as well as regional copper occurrences at the adjacent 
Ballard, Moneyteige and Ballycoog deposits. Research work is expanding to 
include the Connary Zone and West-Avoca. A regional geochemical survey of 
ironstone occurrences along trend (and within IMC property licences) aims to 
resolve their relationship with the Avoca mineralisation. 
 
IMC Chairman, Eamon O'Brien, said, 'We are pleased with the progress being made 
and the update thus far. This is a very positive development and demonstrates 
the valuable scientific and geological work being carried out by our 
collaborative partners, Trinity College Dublin. We expect this strategic 
partnership to be expanded in the coming months as we continue to assess the 
gold resource at Avoca.  With the price of gold at an eight-year high, this is 
good news for IMC's Avoca Gold project.' 
 
Eamon P. O'Brien, 
Chairman, 
 
29th June 2020. 
 
This RIS release has been approved by Eur Geol Professor Garth Earls, PGeo, 
FSEG, who is an independent consulting geologist and a Competent Person as 
defined in the JORC 2012 reporting code. 
 
The Directors of IMC, after due and careful enquiry, accept responsibility for 
the contents of this announcement. 
 
REGULATORY ANNOUNCEMENT ENDS. 
 
Enquiries: 
IMC Exploration Group plc 
Kathryn Byrne:                     [phone] 
 
Keith, Bayley, Rogers & Co. Limited 
Graham Atthill-Beck:           [phone] / [phone] / +971 50 
856 9408 
[e-mail] / [e-mail] 
Brinsley Holman:                 [phone] / [e-mail] 
 
 
 
END 
 

(END) Dow Jones Newswires

June 29, 2020 02:59 ET (06:59 GMT)