IMR - iMetal Resources Rocks to Riches Report Nov. 2018

• iMetal Resources has been busy exploring its wholly-owned 105 km2
Gowganda West Project,
located 20 km WSW of Gowganda Ontario, and 90 km SW of Kirkland Lake Ontario.
• The prospective property is located less than 1.3 km south of Tahoe Resources’ 4 million ounce
Juby gold deposit (1.1 million ounces Measured & Indicated, 2.9 million oz. Inferred). Pan
American Silver is now in the process of acquiring Tahoe Resources in a deal valued at US$1.1
billion. The Juby property represents one of Tahoe’s promising pipeline projects. Tahoe recently
completed an additional 6,000 metres of drilling over the past year at Juby.
• Historically, iMetal’s Gowganda West property has seen almost no exploration - mainly because
it’s covered by glacial overburden as well as meta-sediments as opposed to the easier to prospect
meta-volcanics (greenstones). However, “windows” within these meta-sediments and late-stage
intrusions cutting through them prove that gold, silver, copper and even cobalt are present.
• Work to date on the property has so far outlined what appears to be a structural corridor that
spans a length of about 2.4 km. Multiple high grade samples have been taken which have
assayed as high as 56.59 g/t gold, 15 g/t silver and 2.6% copper.
• iMetal Resources has received a multi-year drill permit from the Ontario Ministry of Mines and
Development and intends to commence a program of mechanized stripping, trenching and VTEM
or Ground IP geophysics are being considered to test its Z1 Zone as well as the potential 2.4-km-
long structural corridor that hosts the mineralized Zones 3A, 3B and 3C. The company then
intends to drill test the most prospective targets.
iMetal outlines Exciting Targets at Gowganda West!
The explorationist’s mantra is: “To first look for new deposits in the shadow of existing head
frames.” That is how most of the famous multi-million ounce mining camps sprang to life. IMR has
acquired very prospective ground that has seen only minor exploration. Its property lies next-door
to a multi-million ounce resource held by Tahoe Resources (Pan American Silver). Work completed
to date continues to outline new, and exciting targets that will need to be drill tested.
The Bottom Line
Capital Structure At Nov10th
, 2018
iMetal Resources
Shares Outstanding 93,295,916
Options 8.4 million
Warrants 27.9 million
Shares Fully Diluted 129.6 million
Trading Activity
Recent Share Price $0.10
Market Capitalization $9.3 million
52 Week High/Low $0.175/$0.055
Average 50 Day
trading volume
189,415
Working Capital $500,000
Share Holdings
Management: IMR 15%
European Accounts >250
iMetal Resources Inc
TSX:-V: IMR

-2-www.rockstoriches.ca 2018/11/22| IMR:TSX-V
I believe iMetal Resources has identified a
property that has been completely
overlooked.
Exploration projects “in the shadow of
headframes” always warrant a close look.
This project has been effectively ignored
for various reasons but mainly because
the property appears to be underlain by
barren meta-sedimentary rocks.
In addition, much of the property is
covered with a thin layer of overburden
and most of the detailed geology is
inferred.
Upon closer inspection prospectors and
geologists have determined that some of
the geology was not mapped correctly and
the underlying rocks are much more
favourable for precious metal
mineralization.
Work to date has already highlighted
mineralization in rocks known to host gold
deposits in the prolific Kirkland Lake gold
Camp. In addition, the company has
identified a potential structure measuring
up to 2.4-km-long. This, in my opinion, is
a key step in identifying a significant
mineralized trend in this area.
Thomas Schuster: Rocks To Riches Author
Location and Access to the Property
The Gowganda West Project lies 17 km southwest of the small town of Gowganda and 90
km southwest of Kirkland Lake. The property can be accessed year-round by paved
highway 560 from Gowganda and via maintained gravel and newly built forest roads and
4WD logging roads that trend south from Hwy 560.
The Gowganda West property hosts the projected eastward extension of the structural
trend that hosts the JUBY deposit. In addition, iMetal has discovered at least four additional
mineralized zones on associated, but different structural trends. The company has focused
its efforts on Zone 1 and Zone 3. Zone 3 appears to be aligned along an extensive
Northwest trending structural feature that currently measures up to 2.4 km long.
Gowganda West Project—A Closer Look The Opportunity

Detailed Geology Map of Gowganda West Property
The Gowganda West property is mainly underlain by the both the younger Proterozoic-aged Gowganda formation sediments and Nipissing
intrusive rocks as well as the older Archean-aged Timiskaming Formation meta-sediments.
Keep in mind the Gowganda West project is still poorly mapped on the property scale. This is because there is very limited outcrop and a
lot of geology has been inferred on a regional scale via geophysics.

Sample
Number
Gold
g/t
Silver
g/t
Copper
%
3511 7.35 — 1.337
3512 1.24 — —
5207 34.89* 5.9 0.092
5227 4.7 0.9 0.101
5228 15.23* 4.5 0.342
5236 6.03* — 0.001
5238 56.59 15 0.133
3514 19.4 — 2.582
3518 1.3 — 0.292
5212 12.70 5.9 0.545
5215 13.66* 4.0 0.603
IMR has focused its exploration work on the Mineralization zones dubbed Zone-3A, Zone-
3B and Zone-3C which are located about 7 km south of the Juby deposit.
Mineralization at these zones is hosted in Archean-aged sedimentary rocks, mainly
conglomerates. Red jasper clasts have been identified in these conglomerates. This is
significant since red jasper is often found in sediments in the very prolific Abitibi
Greenstone belt and can be associated with major gold deposits.
Recently Completed Work Photos & Assay Results
Highlights of 2017 sample results from Z3
* represents the results from samples that underwent a
second Fire Assay procedure with a gravimetric finish.
Figure 1) Zone 3A—Red Jasper Clast
in conglomerate.
Figure 2) Similar Conglomerate at
Tahoe Resources property
Figure 3) Red Jasper in Temiskaming
conglomerate. This outcrop can be seen
near Kirkland Lake Gold’s Number 4
shaft gold mine.
Figure 1
Figure 2 Figure 3

Exploration Model Zone 3C
Steeply dipping mineralized veins found in
Zone-3C are hosted in Gowganda formation
argillite sedimentary rocks. These rocks are
Proterozoic in age an overlie the Archean-
aged basement rocks.
Zone 3c lies 2.4 km northeast along strike
of zones 3a and 3b. Zones 3a and 3b are
hosted in a window of Archean basement
rocks.
The quartz veins identified at Zone 3c have
been traced along strike for about 150
metres. Parallel and cross-cutting veins
were also encountered.
The Figure above represents a simplified exploration model for the formation of regionally-
distributed, polymetallic vein mineralization in the Cobalt Embayment.
The Cobalt Embayment represents a group of younger Huronian sedimentary rocks
(Proterozoic-age 2.45 to 2.22 billion years old) that overly much older (Archean-age 2.5 to
4 billion years old) basement rocks.
The polymetallic veins are believed to represent a shallow peripheral component of much
larger-scale hydrothermal systems. Those hydrothermal fluids were created by late-stage
intrusions that focused fluids along the regional unconformity and reactivated faults that
offset the unconformity.
Both Archean and Proterozoic-aged rocks can be found on iMetals Gowganda West property.
Identifying, and linking structures that exhibit hydrothermal alteration and remobilized
precious metals will be a key focus for geologists exploring for new deposits at Gowganda
West.
Quartz vein in Zone 3c
Left: Figure Sourced from: Eric G Potter and Richard P
Taylor Carleton University. “Genesis of Polymetallic
Vein Mineralization in the Paleoproterozoic Cobalt
Embayment, Northern Ontario: Implications for
Metallogenesis and Regional Exploration”

Location of Recent Trenching

Detailed View of Channel Sampling Map of Zone 3A

iMetals intends to focus on delineating a
potential 2.4-km-long structural corridor
that hosts mineralized zones 3A, 3B and
3C.
Work will consist of:
• Mechanized Trenching and sampling
• Geophysics
• Drill test most prospective zones
Since my last update, iMetal Resources has had to shuffle its management team due to an
unforeseen illness. Mr. Johan Grandin has taken the reigns of the company from Mr. Brian
Fagan. The company also recently added Mr. Gary Grabowski, P.Geo, to its advisory team.
Mr. Grabowski, has spent most of his career as a District Geologist in Ontario for the
Ministry of Northern Development and Mines. He has made several visits to the property
and has become very excited about the potential he has seen at both Zones 1 and 3.
There are very few historic documents available for the Gowganda West area and iMetal’s
is effectively generating the first exploration database for the area. All of the mineralized
zones discovered to date occur in essentially virgin territory.
The Gowganda West property appears to be covered by Archean-aged meta-sediments (to
the west) and slightly younger Proterozoic-aged meta-sediments (to the east). This most
likely deterred exploration in the past since the younger sediments are often barren.
The current exploration model assumes that precious metals associated with late-stage
hydrothermal fluids (generated by intrusions) were deposited along or near shear and fault
systems. The most prospective structures would cut through both the Archean and
Proterozoic-aged rocks.
iMetals believes it has potentially identified such a structure. High-grade gold and copper
mineralization sampled in Zone 3A, 3B and 3C is oriented in a northwesterly direction and
spans a distance of 2.4 km.
According to Mark Fedikow, iMetal’s Vice President Exploration, the quartz veins identified
in Zone 3 are steeply dipping, up to 1 metre wide and accompanied in some instances by
an anastomosing array of stockwork quartz veins. So far, the overall width of
mineralization identified in Zone 3C appears to be about 10 metres. Much more work needs
to be done to fully outline this target area.
I believe there could easily be one or more hidden deposits on the Gowganda West
property. Modern systematic prospecting, exploration geophysics and drilling will
determine if that’s the case. The biggest risk associated with any junior explorer at this
stage will be raising enough money to get the job done. In this tough market, iMetals has
managed to raise over $500,000 to continue its exploration program at Gowganda West.
My Two Cents The Next Steps
“We’re extremely pleased to have finally
received
drill permits and that we now have the
ability to carry out a broad range of
programs year-round to unlock
the value of this very promising
grassroots project. The extent of high-
grade gold and copper surface
showings on a property with no previous
systematic exploration, and contiguous to
a significant gold
deposit, has our team believing it can turn
Gowganda West into an exciting new
discovery story.”
Johan Grandin
President and CEO
iMetal Resources

Details of the Option for a 100%
interest in the Gowganda West
property are highlighted below:
• Vendors receive $50,000 upon signing
of a Definite Agreement (completed).
• Venders receive $50,000 each year for
three years for a total of $150,000
starting in the year following the year
of the initial $50,000 payment and the
signing of a Definitive Agreement
• IMR will issue 500,000 shares to the
Vendors upon signing of the Definitive
Agreement (completed).
• IMR will issue 500,000 additional
shares to the Vendors per year for
three years for a total of 1.5 million
shares, starting the year after the
Definitive agreement is closed.
The entire Gowganda West property covers
105 km2
. Of that block, 20 km2
are covered
by this agreement and subject to a 3% Net
Smelter Return Royalty payable to the
original owners/vendors. One half (1.5%) of
the 3% NSR can be purchased back for $1
million up until the end of the 3-year term
of the agreement.
The balance of the property (except only
the optioned Mosher Lake claims in the
northeast quadrant of the property) were
acquired through staking whereby iMetal
has a 100% interest in it.
Johan Grandin, Director, President and CEO
Johan Grandin has over 25 years of experience working with public companies and a proven
track record in raising venture capital. He brings extensive expertise in corporate financial
restructuring and capital markets to iMetal Resources, Inc. Through his past officer and
director positions for various public issuers, he has learned to streamline growth initiatives
with precision. Having also worked in the field of engineering, he holds a M.Sc. in Business
Economics and Engineering Physics from Uppsala University.
Mark Fedikow, Ph.D. P.Geo, Director, VP Exploration
Mark is a graduate of the Department of Geology, University of Windsor (Honours B.Sc. in
geology and a M.Sc. in geophysics and geochemistry). Subsequently he received a Natural
Sciences and Engineering Research Council of Canada Scholarship and completed a Ph.D. in
Exploration Geochemistry. During his 40+ year career he has worked for a variety of junior
and major mining exploration companies. He has received the Provincial Geologists gold
medal, a Canadian national award for excellence in geosciences.
Ruth K. Bezys, Director
Ruth Bezys, MSC, PGeo, CPG is a geological consultant with over 30 years of varied
experience in the international minerals industry as principal geologist for Wildwood
Geological Services Inc. and formerly as Chief Geologist for the Sedimentary and Industrial
Minerals section of the Manitoba Geological Survey. Her areas of expertise include project
management, field mapping, core logging, geochemical surveys, report writing and First
Nations consultation and engagement. She is registered as a (PGeo.) in Canada (Manitoba,
Saskatchewan, and NWT) with Special Authorization to practice in the Province of Quebec
and in the United States (CPG). Ruth has been the President of the Manitoba Prospectors
and Developers Association since 2017.
Management Team Biographies Property Ownership

Mosher Lake Property Agreement
The northern portion of the Gowganda
West property is covered by the Mosher
Lake Option Agreement.
IMR can earn a 100% interest in the
property in return for:
• $20,000 after TSX approval of the
agreement (completed)
• $15,000 each year for two years
starting one year after signing the
agreement.
• 1 million common shares of iMetals
upon signing the agreement
(completed).
• An additional 1 million common
shares of iMetals for two consecutive
years following the closing of the
agreement for a cumulative total of 3
million shares.
• Right of first refusal to participate in
up to 10% of all future financings of
iMetal.
• A 2% Net Smelter Return Royalty.
iMetal has the option to acquire half
of the NSR (1%) for $1 million
anytime up to 5 years from the date
of closing the agreement.
Scott Davis, Director and CFO
Mr. Davis is a partner of Cross Davis & Company LLP Chartered Professional Accountants, a
firm focused on providing accounting and management services for publicly-listed
companies. His experience includes CFO positions of several companies listed on the TSX
Venture Exchange and his past experience consists of senior management positions,
including four years at Appleby as an Assistant Financial Controller. Prior to that, he spent
two years at Davidson & Company LLP Chartered Professional Accountants as an Auditor
and five years with Pacific Opportunity Capital Ltd. as an Accounting Manager.
Jim Dawson, M.Sc., P.Eng Advisory Committee
Jim Dawson is President of Vancouver-based Dawson Geological Consulting ltd. He has been
a Professional Consulting Geologist for over 35 years and a Director of Public Companies in
the Mineral Resource Industry for over 20 years. He was an independent director of
Minefinders Corp., until it was acquired by Pan American Silver for $1.6 Billion. He was a
Director and member of the Technical Advisory Board of Kaminak Gold Corp. from
December 2006 until it was acquired by Goldcorp in May 2016 for $520 million. Jim was
also part of the original Pan Ocean team which made the discovery of the Lac Cinquante U-
Mo occurrence in 1975. Currently, he is a director of Kivalliq Energy Corp., Wealth Minerals
Ltd, and New Dimension Resources. He graduated from Memorial University, Newfoundland,
with a B.Sc. in 1960 and an M.Sc. in 1963. Jim’s input and insight on iMetal’s geological
matters will be invaluable.
Gary Grabowski. PGeo., Advisory Committee
Mr. Grabowski, who held the post of district geologist for the Ministry of Northern
Development and Mines for more than 35 years, is currently a director of both the Northern
Prospectors Association and the Ontario Prospectors Association. He is also a Fellow of the
Geological Association of Canada.
Management Team Biographies Property Ownership Continued

“iMetal Resources has acquired highly
prospective gold properties in the Abitibi
region of Quebec and in the famous gold
trends of eastern Ontario.
We are extremely pleased with the strong
relationships we’ve developed with local
First Nations. The agreements we have
made are a win-win situation as they
recognize the interests of the First Nations
and create opportunities and potential
economic benefits for both the First
Nation communities and iMetal
shareholders.”
Johan Grandin
President and CEO
iMetal Resources
www.imetalresources.ca
jgrandin@imetalresources.ca
604 351-7826
Tom O’Connor, Exploration Manager—Advisory Committee
Tom O’Connor has been active in the Ontario and Quebec exploration mining scene from
exploration and development to production of mining assets for over 30 years. He has also
managed his own projects in the Kirkland Lake district as well as prospective gold and base
metal projects in nearby Gowganda, Ontario. For more than 10 years, he was a mining
claims inspector for the Ontario Ministry of Northern Development. Tom brings an
invaluable asset as the hands on exploration manager, ensuring all aspects of IMetals
ongoing exploration and development proceed as planned.
David Eves: Consultant
Mr. Eves, a Civil Engineering and Geological Technologist, previously worked for Osisko
Mining and Northern Gold Mining. He is a skilled prospector and Surveyor and has extensive
experience in the field as well as managing the logistics of exploration and mining
operations.
Brian Fagan, Consultant
Brian Fagan has over 35-years of hands-on experience in all aspects of the mineral
exploration sector and related securities business. In 1995, Brian launched The Fagan
Report (TFR), a subscription-based newsletter concentrating on Canadian listed resource
companies. During the 15 year continuous publication of TFR, he was a sought-after
speaker and commentator at major resource investment conferences, radio, TV and
financial publications. Brian currently publishes a complimentary online Digest,
www.StocksAndSpeculations.com — An International Forum for Stock Speculators.
Corporate Biographies President’s Comment

Gold at Juby
Gold mineralization at the Juby project is
hosted in three zones: The Juby Main zone,
Hydro Creek and Big Domes.
The Hydro Creek and Big Domes Zones are
located 5 km northwest of the Juby Main Zone
and the Golden Lake extension. When the last
Resource was published by Temex in February
2014, there was still excellent potential to
expand the deposits along the trend of the
hosting shear structure.
The Juby project has since been handed down
via a series of corporate acquisitions. It was
first outlined by Inmet Mining in 1999, then
Temex Resources acquired the lease and in
2002 drilled 41,273 metres in seven drill
campaigns expanding and delineating the
deposit. Temex was acquired by Lakeshore
Gold in 2015 and Lakeshore then acquired by
Tahoe Resources in 2016. In November 2018,
Tahoe was acquired by Pan American Silver.
At last report, (2016), Tahoe Resources stated
that the Juby deposit hosts:
• 1.1 million ounces contained gold in the
Measured and Indicated category
averaging 1.28 g/t gold and;
• 2.9 million ounces contained gold in the
inferred category averaging 0.94 g/t
gold.
Gold mineralization in the Juby Main Zone occurs dominantly within moderate to intense
alteration and is contained within a recognizable shear zone.
Within this alteration gold mineralization is typically close to the quartz-ankerite-pyrite
veins and the quartz-chalcopyrite veins. Gold grade can be broadly correlated with in-
tensity of alteration and sulphide (pyrite) content.
The better grade sections are characterized by zones of multiple, narrow quartz-
carbonate-pyrite veins and/or brecciation of the host rock.
*Resource Model sourced from Temex Resources’ NI 43-101 report dated June 2013
Gold Mineralization at Juby Project (now owned by Pan American Silver)

...
Content Disclaimer
All references to material contained in this Rocks To Riches report is public information sourced from the company’s
website, press releases, personal communication with Management. Thomas Schuster, the author of the Rocks To Riches
Report, and principal of TMS Enterprises, was only compensated for his time to write this report about iMetal Resources,
Inc. Thomas currently holds no securities in IMR.
Information contained in this Rocks To Riches Report - and referenced links - (the “Material”) are obtained from third
party sources believed to be reliable, but the accuracy and completeness of this information are not guaranteed, nor in
providing such information does TMS Enterprises assume any responsibility or liability for the accuracy and completeness
of the information contained in the Material. The information in this Material is current as of the date appearing on
specific reports or links within this Material and TMS Enterprises assumes no obligation to update the information or
advice on further developments relating to any securities or matters contained on this Material. Furthermore, TMS
Enterprises assumes no liability for any inaccuracies that the information may contain in the links provided.
The information contained herein is for information purposes only and is not to be construed as an offer or solicitation for
the sale or purchase of securities. This Material is not intended to provide legal, accounting or tax advice and should not
be relied upon in that regard.
This Material may contain content which may include or constitute forward-looking statements related to the operations
of certain third party companies or entities, and which are based on TMS Enterprises research, estimates, forecasts and
projections. Such statements are not guarantees of future performance, and involve risks and uncertainties which are
difficult to predict, and which are beyond TMS Enterprises control. Such statements relate to the date on which they are
made. Content on this Material using words such as "outlook", "anticipate", "expect", "estimate", "forecast" and similar
expressions will constitute such forward-looking statements. TMS Enterprises expressly disclaims any obligation to
update, amend or revise such statements, whether as a result of new information, ongoing developments, or events
occurring following the date of such statements or otherwise.
Copyright (c) Thomas Schuster, TMS Enterprises 2018. All rights reserved. None of the Material, or its content, or any
copy of it, may be altered in any way, reposted online or reprinted without the prior express written permission of TMS
Enterprises.
To receive an electronic copy of this report and future reports please contact Mr. Schuster at:
Thomas@RockstoRiches.ca

IMR - iMetal Resources Rocks to Riches Report Nov. 2018

Recommended

Recommended

More Related Content

What's hot

What's hot (20)

Similar to IMR - iMetal Resources Rocks to Riches Report Nov. 2018

Similar to IMR - iMetal Resources Rocks to Riches Report Nov. 2018 (20)

More from MomentumPR

More from MomentumPR (20)

Recently uploaded

Recently uploaded (20)

IMR - iMetal Resources Rocks to Riches Report Nov. 2018