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DJ IMC Exploration Group Plc International Mining Developments Impact Positively

International Mining Developments Impact Positively on IMC 
                          IMC Exploration Group Plc 
                   ("IMC" or the "Company" or the "Group") 
Global events in recent months have impacted very positively on the mining 
sector and IMC is in a position to benefit from these developments. On a macro 
level, the rising price of gold and zinc since the beginning of the year is 
very reassuring but we are also very mindful of, and encouraged by, the results 
of an Irish Government sponsored/instigated geological survey. 
In March 2016, the Geological Survey of Ireland (GSI) released the Tellus 
Survey, revealing higher than expected values of gold and platinum in the 
streams and rivers of Counties Wicklow and Wexford in south east Ireland.  All 
five of IMC's precious metal prospecting licences in Wicklow and Wexford are 
sited centrally in the survey region, the very licence areas we are exploring 
with our joint venture partners, Koza Limited (a subsidiary of the gold mining 
major, Koza Altin Isletmeleri AS). 
The Tellus Survey further confirms high levels of gold in streams near the Gold 
Mine River and Avoca region of Wicklow, justifying, confirming and validating 
the current geological exploration programme underway with Koza Limited. 
The company has had several approaches from international mining companies in 
relation to its base metal licences.  These approaches have come as a result of 
a resurgence of interest in the base metal sector in Ireland, leaving IMC well 
positioned to take advantage of this via our 10 base metal licences, through 
the imminent implementation of our comprehensive, fully costed and attainable 
18 month base metal Work's Programme. 
Chairman, Liam McGrattan said: 
"Ireland's position as the largest producer of zinc concentrates in Europe and 
its rank as the 10th largest producer of zinc concentrates in the world, IMC is 
poised to join the list of companies adding value to this national asset. This 
is a great time for gold and base metals and is an exciting time for IMC." 
The Directors of the issuer accept responsibility for this announcement. 
Contact Details: 
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 
8th September 2016 

(END) Dow Jones Newswires

September 08, 2016 02:00 ET (06:00 GMT)