Wide Altered/Mineralized Shear Structure Intersected On Opawica Gold Project, Quebec

MONTREAL - Imperial Mining Group Ltd. reported the successful completion of Winter diamond drilling on its 100%-owned Opawica Gold project in the Abitibi region of northwestern Québec. The Opawica gold property is located 20 km east of Desmaraisville and is accessible via Highway 113 from Val d'Or to Chibougamau, Quebec, and by a network of forestry roads.

Drilling was undertaken to evaluate areas of high historical gold intersections (6.9 g/t Au over 3.8m and 5.1 g/t Au over 2.8m), as well as geophysical/geological targets favorable to gold concentration in the area. Of importance was the intersection, in drillhole O-20002, of an intense deformation and alteration structure containing 1% to 15% pyrite, minor pyrrhotite and occasional chalcopyrite and tourmaline over 155.0 meters of core length. The new drilling is geologically similar to areas of historical gold intersections returned from the property. The intensity of the structural deformation, favorable alteration and sulphide mineralization observed has led Imperial staff to interpret that the area is highly prospective for concentration of gold. Samples from this hole are currently being processed by AGAT Labs of Mississauga, Ontario, with results anticipated for delivery towards the end of April 2020.

“Our drilling program was successful in defining the Central Zone structure but what was surprising was the scale and intensity of the system,” said Peter Cashin, Imperial’s President & CEO. “In conjunction with our Summer 2019 mapping and geophysical program, the diamond drilling has provided us with a better understanding of the geological environment at Opawica. The favorable structure has now been traced for at least 2-km and appears to be open at depth and along strike both to the east and west of the Central Zone. We optimistically await the gold assay results from this program.”

A total of three drillholes for 1,000 m was completed in the Central Zone area of the property on February 22nd, 2020 (Figure 2, Table 1). The contractor for the diamond drill work was Orbit-Garant of Val d’Or, QC and the analytical laboratory was AGAT Laboratory of Mississauga, ON. The exploration program was supervised by Imperial Mining Group staff and by Explo-Logik of Val d’Or, QC.