REG-IMC Exploration Group Plc: Results of Laboratory Study

IMC ExplorationAnnouncement

Today 07:02

THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY IMC TO
CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION
(EU) NO. 596/2014, AS AMENDED ("MAR"). ON THE PUBLICATION OF THIS ANNOUNCEMENT
VIA A REGULATORY INFORMATION SERVICE ("RIS"), THIS INSIDE INFORMATION IS NOW
CONSIDERED TO BE IN THE PUBLIC DOMAIN.

 

 

 

IMC Exploration Group plc

 

(“IMC” or the “Company”)

 

 

IMC Exploration Group plc (IMC), the London-listed exploration company based
in Ireland, is pleased to announce results showing free gold in quartz veins
intersected by drillhole 24-2551-01 from a laboratory study of its 2024
drilling at its Boley prospect in Prospecting Licence (PL) 2551 in Co. Wexford
Ireland.                                

 

Drillhole 24-2551-01 extended the strike extent of known gold mineralization
at the Boley prospect by 150m to the northeast by intersecting 1m grading
5.8g/t Au in an upper zone and 1m grading 1.1g/t Au in a lower zone (IMC News
Release 21st March 2024).                      An historic IMC drillhole from
the Boley prospect intercepted 1.5m grading 354g/t Au near surface.

 

The laboratory study reported today was undertaken by,           Dr Seán H.
McClenaghan of the           Raw Materials Characterization Laboratory,
Trinity College Dublin and confirmed free gold in quartz veins intersected by
drillhole           24-2551-01.

 

Highlights
*            Petrographic examination of 24-2551-01 confirmed the presence of
quartz-vein hosted gold mineralization in bedrock at a depth of 90.5m.
 
*            Polished sections reveal a high abundance of bismuth-tellurides
in association with gold-rich electrum (Au           91           Ag          
09           ) and tetrahedrite within orogenic quartz also hosting
chalcopyrite, galena, pyrite and arsenopyrite.
 
*            Work reported today indicates pyrite and chalcopyrite in quartz
veins may represent effective indicators of gold and associated
mineralization.
 

Mineralogical assessment indicates gold in the Boley quartz veins in PL 2551
may represent part of an orogenic Au-Bi-Te (Cu-Pb) trend. Discrete
gold-bearing quartz veins intersected in drillhole 24-2551-01 may be
interpreted to represent a distal extent of a wider orogenic gold trend.
Laser-Ablation ICP-MS analyses of pyrite crystals reveals gold enrichment up
to 248g/t Au, representing some of the highest recorded values of gold within
pyrite from Caledonian terranes.

 

The level of gold in pyrite analysed at Boley is similar to that in pyrite
phases which host gold at the Curraghinalt deposit in Co. Tyrone, Northern
Ireland.

 

Planned 2026 exploration activities on PL 2551 will focus on ground
prospecting, bedrock mapping and trenching of targets informed by data from
drillhole 24-2551-01.

 

Dr Sean H. McClenaghan,                                            Raw
Materials Characterization Laboratory, Trinity College Dublin                 
                         commented:

“Petrographic confirmation of gold in bedrock following up from an earlier
assay intersection of 354g/t Au highlights the potential for further discovery
at PL 2551. The strong auriferous nature of pyrite associated with the vein
intersections suggest strong Au fertility with excellent potential along the
Boley trend.”                                 

Eamon O’Brien, IMC Executive Chairman commented:

“Following the Company’s recently announced Karaberd Gold and Silver
mine’s successful licence extension to 2035 in Armenia, these findings from
the Irish portfolio further underscore IMC’s strategy of identifying and
advancing high-value gold assets across multiple jurisdictions. Having a
mineralogical fingerprint showing similarities to the world-class Curraghinalt
multi-million-ounce gold deposit located in the Sperrin Mountains of County
Tyrone, Northern Ireland, justifies the Company’s continued high
expectations for further exploration activities on this PL2551 licence,
particularly as finding Au-rich electrum (Au91Ag09) in the ore can be a
positive indicator because higher gold fineness generally suggests favourable
hydrothermal conditions for gold enrichment”                              
  

 

A copy of the full report is available on the IMC website at:
https://www.imcexploration.com/licences/technical-reports

 

Qualified Person

 

Technical information in this news release has been approved by Professor
Garth Earls, Eur Geol, P.Geo, FSEG, geological consultant at IGS
(International Geoscience Services) Limited, and independent ‘         
Competent           Person’           as defined under the 2021 Pan-European
Reporting Standard.

 

The Directors of IMC, after due and careful enquiry, accept responsibility for
the contents of this announcement.

 

 

 

Eamon P. O’Brien,

Executive Chairman,

Dublin, 24th February 2026.

 

REGULATORY ANNOUNCEMENT ENDS.

  

 

Enquiries

 

IMC Exploration Group plc           
 

Eamon O’Brien 

+353 87 6183024

 

Kathryn Byrne 

+353 85 233 6033

 

 

Keith, Bayley, Rogers & Co. Limited

 

Stephen Clayson

stephen.clayson@kbrl.co.uk

+44 (0)7771 871 847

 

Brinsley Holman

+44 (0)7776 302 228

brinsley.holman@kbrl.co.uk

 

 

IFC Advisory Limited (Financial PR and IR)

 

Tim Metcalfe

Florence Staton 

+44 (0)203 934 6632



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