IMC, the London-listed gold and base metals explorer in Ireland, is pleased to share the following updates with shareholders as the gold price reaches a six-year high:
IMC published on 11th September 2019 a mineral resource estimate (MRE) on its Avoca spoils and tailings project located in Co. Wicklow, Ireland. The JORC-Compliant MRE report shows, inter alia, significant grades of extracted and crushed gold (1,871,000t at 0.3g/t Au), copper (1,871,000t at 0.14% Cu) and lead (1,871,000t at 0.42% Pb) in the spoil heaps on the eastern half of the site. Mineralogical testing is ongoing, and it is anticipated that the test work will indicate that a sizeable quantity of gold and other metals will be recoverable at low cost, given that the material has already been extracted and crushed.
