Chris Thompson with IM Exploration’s Colin Moore on being located in one of the largest gold-producing regions in the world

In a recent InvestorIntel interview, Chris Thompson speaks with Colin Moore, President of IM Exploration Inc. (CSE: IM) about IM Exploration’s gold projects strategically located in one of the largest gold-producing regions in the world – Nevada.

In this InvestorIntel interview, which may also be viewed on YouTube (click here to subscribe to the InvestorIntel Channel), Colin started with an overview on their contiguous Toiyabe Gold Project and Turquoise Canyon Project located in the heart of Nevada’s Battle Mountain-Eureka Gold Trend. He added that the projects are located a short distance away from Barrick Gold’s Cortez Hills and several other major gold mines. Providing an update on the exploration activities on the Toiyabe Gold Project, Colin told InvestorIntel that the project has a historic resource of 173,562 contained ounces of gold with significant drill intercepts. He added, “…there is a feeder zone underneath these high-grade structures” and IM is taking a data-driven approach using advanced technology to identify the best drill targets.

To watch the full interview, click here

About IM Exploration Inc.

IM Exploration is a mineral exploration company focused on developing the Toiyabe and Turquoise Canyon Projects located in the Cortez Hills area of Lander County, Nevada. The Company is also advancing the Mulloy Project in Northern Ontario. From time to time, the Company may also evaluate the acquisition of other mineral exploration assets and opportunities.

To learn more about IM Exploration Inc., click here

Disclaimer: IM Exploration Inc. is an advertorial member of InvestorIntel Corp.

This interview, which was produced by InvestorIntel Corp. (IIC) does not contain, nor does it purport to contain, a summary of all the material information concerning the “Company” being interviewed. IIC offers no representations or warranties that any of the information contained in this interview is accurate or complete.

This presentation may contain“forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking statements are based on the opinions and assumptions of management of the Company as of the date made. They are inherently susceptible to uncertainty and other factors that could cause actual events/results to differ materially from these forward-looking statements. Additional risks and uncertainties, including those that the Company does not know about now or that it currently deems immaterial, may also adversely affect the Company’s business or any investment therein.

Any projections given are principally intended for use as objectives and are not intended, and should not be taken,  as assurances that the projected results will be obtained by the Company. The assumptions used may not prove to be accurate and a potential decline in the Company’s financial condition or results of operations may negatively impact the value of its securities. Prospective investors are urged to review the Company’s profile on Sedar.com and to carry out independent investigations in order to determine their interest in investing in the Company.

If you have any questions surrounding the content of this interview, please email info@investorintel.com.




IM Exploration secures properties in one of the largest gold-producing regions globally

Nevada USA is one of the largest gold-producing regions globally. In 2018, Nevada produced 5,581,160 troy ounces of gold, representing 78% of US gold and 5.0% of the world’s production. Today Nevada accounts for ~52% of the total gold resources in the USA.

Gold was first discovered in Nevada in 1850 by miners on their way to the California Gold Rush. Serious prospecting began in the vicinity of Carlin in Eureka County Nevada in the 1870s. Since then Nevada has been home to multiple huge gold discoveries such as the Comstock Lode (produced 8.6 million oz Au), the Eureka District (produced 1.2 million oz Au), and the Robinson copper mine (produced over 2.7 million oz Au). The Carlin Trend (5 miles wide by 40 miles long) in Nevada has produced more gold than any other mining district in the USA. Production from the trend surpassed 50 million oz of Au in 2002. As they say in gold mining, to find more gold you need to go to where gold has been found before. Today’s company is doing just that, by exploring for gold in Nevada.

IM Exploration Inc. (CSE: IM) has options to acquire prospective tenements in the heart of Nevada’s Battle MountainEureka Gold Trend, one of the most prospective mining districts in the world. The contiguous properties sit a short distance away from some of Barrick Gold’s largest mines and deposits, including Cortez, Pipeline, and Goldrush.

IM Exploration’s two gold projects are:

  • Toiyabe Gold Project (acquired the option to buy 100% of the Project in April 2021)An advanced stage exploration project covering 3,300 acres (1,340 hectares) with past drilling, active permits in place, and a Historic Resource of 173koz of gold at 1.2g/t (not yet to be relied upon). The Historic Courtney Zone resource is largely hosted in mineralized structures between 1575m from surface. Exploration upside as 84% of drill holes on the property did not reach beyond 180m.
  • Turquoise Canyon Project (acquired the option to buy 100% of the Project by acquiring Momentum Minerals in June 2021)Greenfield property of 3,800 acres (1,530 hectares) with geological characteristics trending from the Toiyabe Project. There has been no drilling to date but there has been anomalous gold found in soil samples. Surface expression of Roberts Mountain Thrust and surface geochemical anomalies coincide with gravity anomaly indicating mineralization at depth.

Note: The details of the above two Project acquisitions are shown here on page 28.

  • IM Exploration also has a 90% earn-in interest in the Mulloy Project, a graphite and gold exploration property of 1,328 hectares in Ontario, Canada. The Project is located 15 kilometers west from ZEN Graphene Solutions Albany Graphite Deposit. Also of interest is that previous drilling at the Mulloy Project intercepted 16.9m of 0.67g/t Au, 0.7m of 1.54 g/t Au, 1.5m of 1.22 g/t Au, and 1.2m of 3.33 g/t.

IM Exploration’s Toiyabe Gold Project & Turquoise Canyon Project are located about 10kms away from Barrick’s Cortez, Pipeline, and Goldrush

Source: IM Exploration investor presentation

IM Exploration is currently working at their Nevada properties with the Toiyabe historical drill samples and doing hyperspectral core imaging as well as working on subsurface mapping of lithologies to gain a better understanding of the subsurface geology and structure. Next will be a fixed-wing airborne hyperspectral survey of the Nevada Projects region covering 69 square kilometers. This will be followed by a 17 kilometer Induced Polarization survey to be completed by about September 2021.

Summary of IM Exploration’s two Nevada properties exploring for gold

Source: IM Exploration investor presentation

Next steps will involve data analysis, surveys, defining drill targets, possible further acquisitions, a 2022 drilling program, and permitting to expand the existing Toiyabe Plan of Operations to include Turquoise Canyon.

IM Exploration’s future plans & catalysts

Source: IM Exploration investor presentation

Closing remarks

Only in the past 6 months, IM Exploration has acquired options to buy two strategically located gold tenements in Nevada. The two properties (Toiyabe Gold & Turquoise Canyon) are adjacent to each other and only about 10 kilometers from some very large and successful gold mines of Barrick Gold. It is still very early days with their exploration and the historical resource at their Toiyabe Gold Project will need to be brought up to date (not yet to be relied upon). Certainly for now there is plenty of encouraging signs and hence plenty of potential at these two projects. Beyond this is the graphite (and some gold) potential at their Mulloy Project in Ontario, Canada.

IM Exploration trades on a market cap of only C$3 million and will be worth following closely over the next year as they advance their exploration efforts in Nevada.