Wednesday, November 23rd 02:48 PM IST

IMC Exploration Group reports encouraging results in gold sampling at Kilmichael Wexford

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Hugh Gibney, Chairman of IMC commented 'The gold sample results are exceptional and hugely encouraging.'

DUBLIN (Bullion Street): IMC Exploration Group Plc, a recently listed Irish gold and base meals exploration and mining company, has reported exceptional results in gold sampling at Kilmichael Prosepcting License Area. The gold sample results reveal up to 76.8 gms per tonne of gold (2.46 ounces per tonne) from rock grab samples taken from the area.

Further field work in this and our other Gold licence areas will be followed up with a drilling programme as soon as possible, the company said.

The initial drilling programme in Tulla, Co. Clare has now been completed, and an examination and evaluation of the data obtained indicates a need to return to this site as soon as possible for further drilling.

Hugh Gibney, Chairman of IMC commented: The gold sample results are exceptional and hugely encouraging. It is remarkable for a new exploration company to make such great progress within six weeks of listing on the PLUS market. Our eighteen month, fully funded drilling programme is continuing in parallel with further field work on our other licence areas.

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