IM Exploration Announces Results of 2019 Work Program at Mulloy Project
IM Exploration Announces Results of 2019 Work Program at Mulloy Project |
[28-January-2020] |
TORONTO, Jan. 28, 2020 /CNW/ - IM Exploration Inc. (CSE: IM) (the "Company") is pleased to announce the results of its initial exploration program at its Mulloy Graphite Project in Rowlandson Township, Ontario (the "Property"). As reported in the Company's news release dated December 4, 2019, the work at the Property consisted of 10 kilometres of preliminary line-cutting, followed by 9 kilometres of geophysical surveying, both magnetic and electromagnetic (HLEM). Exploration efforts were concentrated around a prospective target at the western boundary of the Property. Exploration Program Results Two conductors were identified from the November-to-December 2019 survey. The first conductor ("Conductor A") is coincident with a strong magnetic high and is interpreted to be associated with a potential iron formation. In the vicinity of the Property, iron formations can be associated with base metal and gold mineralization. The conductor extends roughly east-west across the entire survey area (500 metres) and remains open at both ends. The second conductor ("Conductor B") shows a slightly weaker response with no significant magnetic correlation. The lack of a magnetic response would suggest that Conductor B represents a graphite target. Conductor B runs parallel to Conductor A for approximately 200 metres and remains open to the west of the survey area. Further exploratory sampling and drilling would be required before the Company can confirm these interpretations. The maps below illustrate the results of the geophysical survey (Figure 1 and 2). With these results now available, the Company's management and board of directors intend to undertake further planning with technical personnel to evaluate various means for most effectively advancing the Company's progress, both at the Property and at the corporate level. The technical contents of this news release were approved by Case Lewis P. Geo., a qualified person as defined by National Instrument 43-101. About the Mulloy Graphite Project About IM Exploration Inc. Caution Regarding Forward-Looking Information Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from the outcomes expressed or implied by the forward-looking information herein, including, but not limited to, challenges in analyzing exploration data, general risks associated with mineral exploration activities, possible changes to corporate strategy regarding the Property and generally, and potential needs for additional financing. Accordingly, readers should not place undue reliance on any such forward-looking information. The Company does not undertake any obligation to update any forward-looking information herein to reflect new developments after the date hereof, except as required by applicable securities legislation. The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release. The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this news release. SOURCE IM Exploration Inc. | ||
Company Codes: CNSX:IM |
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