IMC’s Wexford20 Mar 2024 10:10
IMC’s Wexford exploration bags potential:
IMC was awarded two additional licenses PL1200 and PL 1199 adjacent to PL 2551, where IMC had previously encountered Bonanza grade gold discovered during IMC drilling at Boley (PL 2551): 1.5 m grading 354 g/t within a 13.5 m interval averaging 3.5 g/t Au (applying 20 g/t top cut). Notable drill intercepts at PL 2551 of 0.72m @ 10g/t Au; 1.3m @ 3.81 g/t Au; 1.2m @8.3 g/t Au and 5m @ 2.4 g/t Au. IMC believes that the two new licences should significantly enhance the Company’s North Wexford gold project.
In our February 2018 Competent Person’s report, the author, SLR, stated that in their opinion IMC’s work has significantly upgraded the gold potential of the licence. It is considered that there is strong support for the presence of a zone of major gold mineralization trending NE to ENE through the townlands of Boley, Ballygarret and Kilmichael.