THE INFORMATION CONTAINED WITHIN THIS
ANNOUNCEMENT IS DEEMED BY IMC TO CONSTITUTE INSIDE INFORMATION AS
STIPULATED UNDER THE MARKET ABUSE REGULATION (EU) NO. 596/2014, AS
AMENDED ("MAR"). ON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A
REGULATORY INFORMATION SERVICE ("RIS"), THIS INSIDE INFORMATION IS
NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.
IMC Exploration
Group Public Limited Company
(“IMC”)
Work by the Raw Materials Characterization Laboratory at
Trinity College Dublin on the
distribution of precious metals at IMC’s Avoca deposit and Kilmacoo
gold prospect in Ireland
continues
IMC, in association with the Raw
Materials Characterization Laboratory at Trinity College Dublin, is continuing studies on
the precious metals to be found at IMC’s wholly-owned Avoca deposit
and Kilmacoo gold prospect in Co.
Wicklow, Ireland. The collaboration between the Raw
Materials Research Group at Trinity College
Dublin and IMC was announced on 24th
September 2019. The aim of the continuing work is further to
characterise the form and distribution of gold to assess the extent
of syn-tectonic enrichment during the Caledonian Orogeny. IMC’s
project represents an opportunity to apply a state-of-the-art
microanalytical approach to a major, historical deposit which has
significant exploration upside. The study is refining the
understanding of metal zonation and sulphide paragenesis within the
Avoca orebodies and Kilmacoo Au prospect and it will allow the
development of a robust mineral deposit model for gold
mineralisation across the Avoca District in particular and
South-East Ireland in general.
The project will contribute important mineral chemical data on
sulphide phases hosting gold, benefiting exploration and supporting
future metallurgical work on the mineralisation at Avoca and
Kilmacoo.
Eamon O’Brien commented, “It is
significant that our Kilmacoo project at Avoca, Co. Wicklow is being worked on by the Raw
Materials Characterization Laboratory of Trinity College Dublin. The presence of an inferred
resource of gold, silver, lead, copper and zinc in the Avoca
spoils’ and tailings’ project has already been set out in IMC’s
Mineral Resource Estimate (“MRE”) announced on 11th September 2019, which was prepared in
accordance with the JORC Code (2012). The MRE is of great
significance to IMC, with the gold estimate alone coming in at
20,000 ozs. The microanalytical approach will also benefit and
support our forthcoming metallurgical testing."
This regulatory release has been
approved by Eur Geol Professor Garth
Earls, PGeo, FSEG, who is an independent consulting
geologist and a Competent Person as defined in the JORC 2012
reporting code.
Eamon P. O’Brien,
Executive Chairman,
5th November 2019
The Directors of IMC, after due and
careful enquiry, accept responsibility for the contents of this
announcement.
REGULATORY ANNOUNCEMENT ENDS.
Enquiries:
IMC Exploration Group plc
Kathryn Byrne: +353 85 233 6033
Keith, Bayley, Rogers & Co. Limited
Graham Atthill-Beck: +44 20 7464
4091 / +971 50 856 9408 /
Graham.Atthill-Beck@kbrl.co.uk
Brinsley Holman: +44 20 7464 4098 /
Brinsley.Holman@kbrl.co.uk