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The Directors of IMC Exploration Group Plc are delighted to announce IMC has been awarded two additional prospecting licences, PL Area 1200 and PL Area 1199 (both in Co. Wexford) by the Exploration and Mining Division of the Department of Communications, Climate Action and Environment. IMC was encouraged to apply for these licences as they adjoin its existing PL 2551 licence, where IMC had previously encountered high gold grades yielding 354g/t gold (=11.38 oz/t gold) from Drillhole 12-2551-04. IMC now holds three adjacent exploration licence areas in Co. Wexford. The Directors believe that the two new licences should significantly enhance the Company’s North Wexford gold project.
Eamon P. O’Brien, Chairman, commented, “In keeping with IMC’s strategy to establish a significant gold resource, these new additional licences, along with the high gold grades encountered on parts of the adjoining PL 2551, give IMC the capacity immediately to accelerate its exploration programme in this area.”
Eamon P. O’Brien,
Dublin, 12th August 2019
The Directors of IMC, after due and careful enquiry, accept responsibility for the contents of this announcement.
REGULATORY ANNOUNCEMENT ENDS.
Kathryn Byrne: +353 85 233 6033
IMC Exploration Group plc
Graham Atthill-Beck: +44 20 7464 4091/+971 50 856 9408 / Graham.Atthill-Beck@kbrl.co.uk
Brinsley Holman: +44 20 7464 4098 / Brinsley.Holman@kbrl.co.uk
Keith, Bayley, Rogers & Co. Limited
IMC Exploration is pleased to announce that its ten base metal licences have been reviewed and renewed by the Exploration and Mining Division of the Department of Communication, Minerals and Natural Resources.
These include licences in Co. Clare (PL 3550, PL 3806, PL 3644 & PL 3729), Co. Tipperary (PL 3670, PL 3426 and PL 3677), Co. Roscommon (PL 2103 and PL3460), Tipperary and Offaly (PL3668).
IMC has a works programme in place for these ten base metal licences and is currently in discussion with interested parties to progress this exploration.
Chairman Liam McGrattan commented ‘We believe zinc prices will start to appreciate towards the end of 2015 as several large zinc mines around the world become exhausted. We believe this is the opportune time to exploit this potential.’
The Directors of the issuer accept responsibility for this announcement.
IMC Exploration Group Plc
Mr. Liam McGrattan
Tel. Ireland: +353 87 2745427
Keith Bayley Rogers & Co. Limited
Mr. Hugh Oram
Tel. +44 207 464 4090