Precious Metal Prospecting Licence

Precious Metal Prospecting Licence Overview

IMC currently holds 6 prospecting licences on the East coast of Ireland in Co. Wexford (PL 2551, PL 1200 & PL 1199) and Co. Wicklow (PL 3850, PL 3849 & PL 3857). 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, Climate Action and Environment.

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.


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