Precious Metal Prospecting Licence

Precious Metal Prospecting Licence Overview

IMC currently holds 5 prospecting licences on the East coast of Ireland in Co. Wexford (PL 2551) and Co. Wicklow  (PL 3850, PL3849, PL 3857 & PL 2239).  The SLR Competent Person’s Report (March 2016) confirms the exploration activities on these licences and selected findings below:

Bonanza grade gold discovered during IMC drilling at Boley (PL 2551): 1.5 m grading 354 g/t within a 13.5 m interval averaging 3.5 g/t Au (applying 20 g/t top cut).
Notable drill intercepts at PL 2551 of 0.72m @ 10g/t Au; 1.3m @ 3.81 g/t Au; 1.2m @8.3 g/t Au and 5m @ 2.4 g/t Au.
Co. Wickow licences include the former Avoca Copper mine and highlights of previous exploration on these licences include drill intersections of 8.3m @ 10.1% Zn, 5.7% Pb, 0.48% Cu 284 g/t Ag and 10m @ 12.95 g/t Au.
Kilmacoo prospect (Co. Wicklow) was identified by Riofinex in 1980s as having a resource of at least 300,000t at 1.5g/t Au, as confirmed by the Exploration and Mining Division of the Department of Communications, Minerals and Natural Resources.

Precious Metal Licence PL2551 Overview

Mineralized in weathered zone including grades of 354g/t
and 5m at 1g/t Au in bedrock.
Mineralized float returned gold values up to 8 g/t.
• Stream sediments contained Stream sediments contained    3130, 2530 and 1490 ppb Au.

•Drilling intersected 0.25m @ 9.64 g/t Au.
•Shallow soil anomalies follow an ENE trend.

Surface quartz vein sample returned 18.24 g/t Au.
295 g/t Au returned for mineralized float.
Drilling intersections of 0.7m @ 35 g/t Au and 1.05m @ 3.09 g/t Au.

935g/t Au returned from a mineralized boulder.
Drilling intersections of 0.7m @ 10 g/t Au and 1.15m @ 1.37 g/t Au.
Fine gold noted in pan concentrates.

About IMC Exploration

IMC Exploration Group plc was incorporated in Ireland in June 2011 with a view to identifying precious and basemetal deposits in Ireland. IMC the current holder of the prospecting licences at Avoca, covering licence areas 2239, 3849, 3850 and 3857.

Contact details

IMC Exploration Group plc,
70 Ballybough Road,
Dublin 3, Ireland

Telephone: +353 87-2745427

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