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IMC Exploration Group Plc IMC Exploration Group Plc :Independent Study Suggests Multiple Sources for Gold Mineralization

Date : 12/04/2012 @ 2:00AM
Source : UK Regulatory (RNS & others)
Stock : Imc Exploration Grp. (IMCP)
Quote : 2.0  0.0 (0.00%) @ 9:55PM
Imc Exploration Grp. share price Chart

IMC Exploration Group Plc IMC Exploration Group Plc :Independent Study Suggests Multiple Sources for Gold Mineralization


 
TIDMIMCP 
 
4(th)December 2012 
 
                           IMC Exploration Group Plc 
                            ("IMC" or the "Company") 
 
 
     Independent Study Suggests Multiple Sources for Gold Mineralization 
 
IMC Exploration Group plc (IMC) is pleased to announce results from a study by 
Dr Norman Moles from the University of Brighton undertaken in order to further 
understand the nature of gold mineralization intersected during recent drilling 
in Prospecting Licence ("PL") Area 2551, County Wexford, Ireland, suggests 
multiple sources for gold mineralization in this prospecting licence area. 
 
The form of the gold grains recovered from the Ballygarrett Stream was studied 
by Dr Moles' team, with more detailed studies using Scanning Electron Miscrosopy 
(SEM) to follow.  The range of sizes and angularity of abundant gold grains 
recovered in the lower reaches of the Ballygarret Stream suggests a nearby 
upstream bedrock source of gold-bearing vein type rather than disseminated 
bedrock gold mineralization.  In contrast, grains from an upstream site have a 
similar size range but are angular to sub-angular, indicating a longer transport 
distance.  In conclusion, gold grains recovered from the Ballygarrett Stream 
suggest a range of transport distances supporting interpretation that the 
Ballygarrett Stream appears to cut across multiple sources of gold. 
 
Based on these results, IMC are continuing their focus in the area with further 
drilling adjacent to the Ballygarrett Stream.  Elsewhere in PL Area 2551, 
sluicing has recovered many placer gold grains from rivers in the Kilmichael 
area; these will also be studied by SEM. 
 
Dr Glenn Millar commented "This is excellent news as the gold in PL Area 2551 
may well be concentrated in local vein pockets rather than being disseminated, 
so giving us the potential for multiple high grade drill targets." 
 
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 
Tel. Ireland: +353 87 2745427 
 
Mr. Hugh Gibney 
Tel. Ireland: +353 1 823 0510 
 
Dr. Glenn Millar 
Managing Director 
Tel. Ireland: +353 86 1714790 
 
William Albert Securities Limited 
Mr. Albene Mendy 
Tel. Ireland: +44 203 0063247 
albene.mendy@williamalbert.com 
 
Kathryn Byrne 
Limelight Communications 
Tel. Ireland: +353 85 2336033 
 
 
 
 
This announcement is distributed by Thomson Reuters on behalf of 
Thomson Reuters clients. The owner of this announcement warrants that: 
(i) the releases contained herein are protected by copyright and 
    other applicable laws; and 
(ii) they are solely responsible for the content, accuracy and 
     originality of the information contained therein. 
 
Source: IMC Exploration Group Plc via Thomson Reuters ONE 
[HUG#1662201] 
 

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