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
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: +44 7506 43 41 07 / Graham.Atthill-Beck@kbrl.co.uk
Brinsley Holman: +44 7776 30 22 28/ Brinsley.Holman@kbrl.co.uk
IMC Exploration Group plc
Kathryn Byrne: +353 85 233 6033