REG-IMC Exploration Group Plc: Update re. Trinity College Dublin Collaboration

IMC ExplorationAnnouncement

29/06/2020 08:00

HE 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”)

Trinity College Dublin / IMC Exploration Group plc significant developments on
Avoca Mine Property

IMC Exploration Group plc is pleased to report significant progress on its
collaboration with the Raw Materials Group at Trinity College Dublin. Research
has focused on:

(i) resolving the styles and occurrences of gold in the highly prospective
Caledonian terranes across Ireland; and

(ii) through detailed petrographic work, characterising the gold-rich Kilmacoo
zone at IMC's Avoca Mine property in Co. Wicklow.

At Kilmacoo, this work has shown that:
* Gold is associated with chalcopyrite;
* Gold is present as discrete recoverable phases of electrum;
* Gold - copper mineralisation is focused in late veins, which cut across the
Avoca massive sulphide sequence.
Through the ERAMIN2 – Gold Insight Project, researchers at Trinity College
Dublin and the Geological Survey of Ireland are tracing this gold - copper
association across the region to discover how it relates to copper signatures
in East and West Avoca as well as regional copper occurrences at the adjacent
Ballard, Moneyteige and Ballycoog deposits. Research work is expanding to
include the Connary Zone and West-Avoca. A regional geochemical survey of
ironstone occurrences along trend (and within IMC property licences) aims to
resolve their relationship with the Avoca mineralisation.

IMC Chairman, Eamon O'Brien, said, 'We are pleased with the progress being
made and the update thus far. This is a very positive development and
demonstrates the valuable scientific and geological work being carried out by
our collaborative partners, Trinity College Dublin. We expect this strategic
partnership to be expanded in the coming months as we continue to assess the
gold resource at Avoca.  With the price of gold at an eight-year high, this
is good news for IMC’s Avoca Gold project.’

Eamon P. O’Brien,
Chairman,

29(th) June 2020.

This RIS release has been approved by Eur Geol Professor Garth Earls, PGeo,
FSEG, who is an independent consulting geologist and a Competent Person as
defined in the JORC 2012 reporting code.

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

REGULATORY ANNOUNCEMENT ENDS.

Enquiries:
IMC Exploration Group plc
Kathryn Byrne:                     +353 85 233 6033

Keith, Bayley, Rogers & Co. Limited
Graham Atthill-Beck:           +44 20 7464 4091 / +44 7506 43 41 07 /
+971 50 856 9408
Graham.Atthill-Beck@kbrl.co.uk / blackpearladvisers@gmail.com 
Brinsley Holman:                 +44 7776 30 22 28
/ Brinsley.Holman@kbrl.co.uk



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