OAKES PICHETTE AND LONGROSE GOLD PROJECTS

THE OAKES, PICHETTE AND LONGROSE GOLD PROJECTS

Highlights from the three projects include:

• Oakes is 3,670 hectares and hosts a gold bearing shear zones. Historic channel sampling of the HG shear zone returned values of 31.9 g/t gold, 19.7 g/t gold and 6.9 g/t gold over 0.5 to 1.0 m intervals.

• Pichette is 1,380 hectares and hosts gold in banded iron formation. Historic drill intersection of 4.78 g/t gold over 0.65 m and historic surface grab sample highlights of 24.55 g/t gold, 21.42 g/t gold and 16.01 g/t gold.

• Longrose is 360 hectares and adjacent to the historic Leitch Mine and hosts gold quartz veins and gold in banded iron formation. Drill highlights include 30.8 g/t gold over 0.15m and 10.28 g/t gold over 0.45m from quartz veins.

“The Beardmore Geraldton Greenstone Belt is fast becoming a significant gold region, highlighted by the recent takeover of Premier Gold Mines Limited, by Equinox Gold Corp.,” commented iMetal CEO Saf Dhillon. “The Riverside BGGB property package, including the drill ready Oakes project, gives iMetal a key position in a second significant gold camp and also brings the renowned expertise of the Riverside technical team to iMetal,” he continued.

OAKES

The Oakes Project is located in Long Lac, Ontario east of Equinox’s Hardrock deposit. Early exploration by Hardrock Mining and Noranda Exploration focused on base metals. Exploration for gold began in the 1990s with a successful small drill program. Recent soil geochemistry, VLF and IP geophysics programs defined three, east-west oriented mineralized shear zones. Trenching and sampling along the HG Shear Zone returned high-grade gold values of 19.7 g/t, 31.9 g/t and 6.9 g/t gold over 0.5–1.0 m channel samples perpendicular to strike, while sampling along the strike extension returned grab gold values of 46 g/t and 7 g/t, demonstrating a strike length of at least 600 metres. This a high priority drill target for iMetal.

PICHETTE

Pichette, lying west of the Hardrock Deposit, was first explored in the 1960’s for nickel. Gold exploration commenced in the 1980’s, with a successful drill program near the southern property boundary. Recent work focused on the Pichette showing shear zone and the banded iron formation. Historic surface grab sample highlights from the Pichette showing include: 24.55 g/t gold, 21.42 g/t gold and 16.01 g/t gold. Additionally, drilling of a porphyry within metasediments by Canamax in 1982 returned positive results for gold.

LONGROSE

The Longrose Project lies immediately west of the past-producing Leitch Gold mine where almost 1M ounces of gold was mined. Equinox Gold’s Northern Empire mine is also close to Longrose. Historic drilling focused exclusively on quartz vein, ignoring the hosting banded iron formation. Drill highlights include 30.8 g/t gold over 0.15m and 10.28 g/t gold over 0.45m from quartz veins. Gold at Longrose is associated with folds within the banded iron formation, an ideal target for modern IP surveys.