TIDMIMC 
 
THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY IMC EXPLORATION 
GROUP PLC 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") 
 
   Permission granted for appraisal drilling at North Wexford and trial pits 
                        sampling at Avoca, Co. Wicklow 
 
IMC Exploration Group plc (IMC), the London-listed gold exploration company 
based in Ireland, is pleased to report that it has been granted permission to 
commence appraisal drilling on its North Wexford gold project by the 
Exploration and Mining Division of the Department of Communication, Climate 
Action and Environment.  Furthermore, approval has been given to commence trial 
pit sampling to upgrade IMC's West Avoca spoils and tailings Mineral Resource 
Estimate. 
 
IMC will commence follow-up drilling on a gold-in-soil anomaly in PL 1200, 
North Wexford.  Historical work by RioFinEx proved gold mineralisation hosted 
by highly altered rocks at a depth of 30m.  Groove sampling of this drill core 
proved an intercepted grade of 0.5 g/t Au over 18.6m (weighted average over 3 
to 3.6m sample intervals).  Half core sampling of part of the groove sampled 
interval assayed 15m at 0.2 g/t Au (weighted average of 1.5m sample 
intervals).  Although all the pertinent data is available for examination and 
extrapolation, IMC will commence appraisal drilling in this area to confirm and 
expand on the information available in accordance with the JORC Code (2012). 
High gold grades have already been encountered on the adjoining IMC licence (PL 
2551) and the upcoming drilling in PL 1200 aligns with IMC's strategy of 
establishing a gold resource on its North Wexford gold project. 
 
On 11th September 2019, IMC published the "CSA Global IMC Mineral Resource 
Estimate" (MRE) on its spoils and tailings project at Avoca, Co. Wicklow where 
the gold estimate alone is at circa 20,000 oz.  Furthermore, the Company has 
recently identified exploration targets at West Avoca where there is potential 
to increase this estimate by up to 4,000 oz. gold within the Avoca area.  This 
additional trial pit sampling has now been granted permission by the 
Exploration and Mining Division of the Department of Communication, Climate 
Action and Environment. 
 
IMC Chairman, Eamon O'Brien, commented, "This is an exciting time for IMC with 
appraisal drilling set to commence on our North Wexford gold project. 
Additional trial pit sampling on our spoils and tailings project at Avoca, Co. 
Wicklow as outlined above will also be underway, potentially adding to our 
already-published MRE. Investors will no doubt already be aware that the price 
of gold has recently reached an all-time high of over $2,000 per oz. 
 
These developments, along with our programme of work with Trinity College 
Dublin, will ensure the coming weeks will be an eventful time for IMC and its 
shareholders." 
 
This release has been approved by EurGeol Professor Garth Earls PGeo, FSEG, who 
is an independent consulting geologist and a Competent Person as described in 
the JORC 2012 reporting code. 
 
Eamon P. O'Brien, 
Executive Chairman, 
Dublin, 13th October 2020 
 
The Directors of IMC, after due and careful enquiry, accept responsibility for 
the contents of this announcement. 
 
REGULATORY ANNOUNCEMENT ENDS. 
 
Enquiries: 
 
Keith, Bayley, Rogers & Co. Limited 
Graham Atthill-Beck: +44 20 7464 4091/ +44 7506 43 41 07 / 
Graham.Atthill-Beck@kbrl.co.uk 
Brinsley Holman: +44 20 7464 4098 / Brinsley.Holman@kbrl.co.uk 
 
IMC Exploration Group plc 
Kathryn Byrne: +353 85 233 6033 
 
 
 
END

(END) Dow Jones Newswires

October 13, 2020 02:58 ET (06:58 GMT)

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