IMC Exploration Group Plc is pleased to provide the following update on the company's continuing exploration focus for gold and base metal mineralization in Co. Wexford and Co. Wicklow.
Following promising gold sample results of up to 76.8g/t of gold, equivalent to 2.46 ounces per tonne, from rock grab samples taken from its Kilmichael Prospecting Licence Area in late 2011, recent follow up drilling in north Co. Wexford has intersected further encouraging gold results in Holes 1, 2 and 3.
Hole 1 intersected 2.85m averaging 1.68g/t Au, including a 1.05m section at 3.09g/t.
Hole 2 intersected 5.80m averaging 1.08g/t Au, including 1.15m at 1.37g/t, 0.74m at 2.49g/t and 1.00m at 2.38g/t. In addition to this a 4.50m interval at a deeper level in the same hole has intersected base metal and associated precious metal values, including 1.50m at 0.70% Pb, 2.24% Zn, 7.9g/t Ag and 0.18g/t Au.
Hole 3 intersected 0.25m at 9.64g/t Au and 3.7g/t Ag. This hole is on an east northeast strike trend from the well known gold occurrences documented at Tombreen and Mine Bridge.
Commenting on the results as well as the current drilling campaign, Managing Director Dr. Glenn Millar commented:
"These results show very promising grades, reflecting the polymetallic nature of mineralization in the area. Based on the results, IMC will continue to focus on this area over the coming weeks and months.
Drilling has also recently commenced in the highly prospective Goldmine River area of south Co. Wicklow. This area was the site of historic alluvial gold production, the scene of a gold rush in the late 18th century, where 9,000 ounces of gold were reportedly extracted."
The Directors of the company accept responsibility for the contents of this announcement.
For further information please contact:
IMC Exploration Group Plc
Mr. Liam McGrattan
Investor Relations
Tel. Ireland: +353 87 2745427
Mr. Hugh Gibney
Executive Chairman
Tel. Ireland: +353 1 823 0510
Dr. Glenn Millar
Managing Director
Tel. Ireland: +353 86 1714790
Kathryn Byrne
Limelight Communications
Tel. Ireland: +353 85 2336033
LHM Casey McGrath
Mr. Con Casey
Tel. Ireland: +353 1 495 9200
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IMC EXPLORATION GROUP PLC
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