iMetal Resources Completes 2025 Drilling Campaign at Gowganda West

Vancouver, British Columbia – iMetal Resources Inc. (TSXV: IMR) (OTCQB: IMRFF) has wrapped up its Phase I 2025 drilling campaign at the Gowganda West (GW) project. The effort focused on extending the mineralized corridor identified in the 2023 spring discovery (IMGW23‑04), a 48.5‑metre interval that returned 0.85 g/t gold starting at 316.5 m depth. The company expanded its original 2,500‑metre target to 2,640 metres after on‑site geological recommendations, underscoring a flexible approach to field data.

Strategic Context

The timing of iMetal’s drill program aligns with a sustained rally in gold prices, which have risen more than 30 % over the past two years. Higher metal prices improve the economics of lower‑grade, bulk‑tonnage projects such as Gowganda West, where historic intercepts suggest a sizable, disseminated gold system. Moreover, the region sits within the southern Abitibi Greenstone Belt—a world‑renowned gold corridor that hosts several multi‑million‑ounce mines. Proximity to McFarlane Lake Mining’s Juby Deposit and the Knight project (a joint venture between Orecap Invest and Agnico Eagle) adds strategic value, potentially facilitating future joint‑venture opportunities or shared infrastructure.

Technical Highlights

• All six holes intersected the targeted Indin Lake Group polymictic conglomerates, a lithology known for hosting massive, sheeted gold‑bearing horizons in the Timiskaming metasedimentary sequence.
• Geochemical sampling captured pervasive hematization, potassic alteration, sericitization and silicification—alteration suites that historically correlate with elevated gold grades in the belt.
• Mineralization includes disseminated pyrite and, in select holes, chalcopyrite‑bearing vein fractures, suggesting a multi‑phase hydrothermal system that may have introduced both gold and copper.
• Core logging is nearing completion; saw‑cut samples will be dispatched to ALS Minerals Val D’Or as each drill hole is wrapped, ensuring a rapid turnaround for assay results.

QA/QC Protocol

The program follows a stringent QA/QC regime: a certified standard and a blank are inserted every thirty samples, and each 30th sample is duplicated. All material will be processed under ALS’s CRU‑21 and PREP‑31 preparation procedures. Gold assays employ the Au‑AA24 method (50‑gram fire assay with atomic‑absorption finish), while intervals with visible chalcopyrite will receive ME‑ICP41 multi‑element analysis.

Market Implications

Should the pending assays confirm the historic 0.85 g/t grade across a broader width, Gowganda West could transition from an early‑stage exploration target to a resource‑grade bulk‑tonnage deposit. Given the current gold price environment and the increasing demand for senior‑secured junior projects, iMetal may be well positioned to attract additional equity financing or strategic partnerships. The company’s existing land package spans roughly 7 km of strike‑length and up to 5 km of width—providing ample upside for further discovery along the Ridout‑Tyrrell deformation corridor.

Qualified Person

The technical content of this release has been reviewed and approved by R. Tim Henneberry, P.Geo. (BC), a director of the company and a Qualified Person under National Instrument 43‑101.

About iMetal Resources Inc.

iMetal is a Canadian junior explorer focused on gold and multi‑metal projects in Ontario and Quebec. Its flagship property, Gowganda West, is situated about 100 km south‑southeast of Timmins and lies within the Shining Tree Camp of the southern Abitibi Greenstone Belt. The company also holds the 220‑hectare Ghost Mountain property near Kirkland Lake and the Carheil project in the northern Abitibi, both of which feature multi‑metal potential.

On behalf of the Board of Directors

Saf Dhillon
President & CEO