IMC Exploration Group Plc IMC Exploration Group Plc :Independent Study Suggests Multiple Sources for Gold Mineralization
December 04 2012 - 2:00AM
UK Regulatory
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]