iMetal Resources Commences 2025 Drilling at Gowganda West

Executive Summary

• iMetal Resources Inc. has launched its 2025 Phase I drill program at the Gowganda West (“GW”) project in Ontario, targeting the IMGW23‑04 discovery zone.
• The program plans ~2,000 m of drilling across 4–6 holes to test the known gold intercept (48.5 m @ 0.85 g/t Au) and explore for additional mineralized zones along strike, dip, and in the footwall.
• Diafor Inc. will execute the drilling with technical supervision from Laurentia Exploration Inc.; the release includes a quote from President & CEO Saf Dhillon expressing optimism about upcoming results.

Key Details

• Target Zone: IMGW23‑04 discovery hole (48.5 m @ 0.85 g/t Au starting at 316.5 m).
• Planned Drilling: Approximately 2,000 m total; 4–6 drill holes.
• Objectives:
• Test the existing discovery zone along strike and dip.
• Investigate additional mineralized bands in the footwall.
• Contractors:
• Drill Contractor: Diafor Inc., Riviere‑Heva, Quebec.
• Technical/Geological Supervision: Laurentia Exploration Inc., Jonquière, Quebec.
• Project Context: Gowganda West is a ~220‑ha gold‑prospective property in the Abitibi Greenstone Belt, contiguous to McFarlane Lake Mining’s Juby Deposits and the Knight project (Strategic Partnership between Orefinders Resources Inc. & Agnico Eagle Mines Ltd.).
• Historical Highlight: 2022–2023 drill programs intersected new gold trends; the key discovery hole (IMGW23‑04) returned a 48.5 m interval of 0.85 g/t Au within a coarse‑grained conglomerate and silica alteration zone.
• Qualified Person: R. Tim Henneberry, P.Geo., Director & QP under NI 43‑101 reviewed the technical content.

Notable Quotes

“We have been patiently working toward this next drill program at Gowganda West and are eager to finally see the drill bit turning once again,” – Saf Dhillon, President & CEO.
“With recent developments at the contiguous Juby Deposits, including the purchase by McFarlane Lake Mining Limited (MLM), we expect to see additional positive developments in the Abitibi's Shining Tree District.”

Materiality Assessment: Non‑Material – Positive (the announcement is a routine exploration update without disclosed results or financial impact).