May 19, 2020
Report #1 Gold, Silver and Copper in British Columbia and Arizona
Company Details
IMC International Mining Corp. #2710 – 200 Granville Street Vancouver, BC, V6C 1S4 Canada Phone: +1 604 588 2110 Email: ir@imcxmining.com www.imcxmining.com
Initiating Coverage
IN THE HEART OF MAJOR GOLD-COPPER MINING & DEVELOPMENT PROJECTS
ISIN: CA45250W1014 / CUSIP: 45250W101 Shares Issued & Outstanding: 42,318,550
ADVANCING A GOLD-COPPER PROJECT IN CANADA‘S PORPHYRY HOTSPOT: BC‘S QUESNEL TERRANE With today‘s spot price of $1,730 USD, gold has appreciated by 19% since December and needs to rise another 12% to break above its previous all-time high of $1,923 USD, which was marked 9 years ago in 2011. Even more impressively, the gold price in Canadian dollars (CAD) has appreciated by about 25% since December and has been trading above its 2011-high for 9 months already. Last at $2,405 CAD, an ounce of gold in Canada is now worth 33% more than at its peak in 2011. As such, some senior and junior gold stocks have been performing well recently, especially those with active projects in Canada. One of them is IMC International Mining Corp., whose share price has increased by about 160% since December. Having closed a $1.76 million CAD private placement financing on Thursday last week, and having announced a ZimtuAdvantage contract with Zimtu Capital Corp. a day later on Friday, I am looking forward to cover IMC International Mining Corp. with its aggressive plans of advancing its flagship Thane Gold-Copper Project in British Columbia, Canada. When taking a look at the Thane Property, its location in one of Canada‘s hottest exploration districts strikes the eye: The prolific Quesnel Terrane in British Columbia – home to about 16 producing and development projects, hosting an estimated 28 million ounces gold and 50 billion pounds copper of past production and resources.
It is noted that the results of nearby or adjacent properties are not necessarily indicative of the potential of the Thane Property and should not be understood or interpreted to mean that similar results will be obtained from the Thane Property.
Chart Canada (CSE)
Canada Symbol (CSE): IMCX Current Price: $0.64 CAD (05/15/2020) Market Capitalization: $27 Million CAD
The northern part of the Quesnel Terrane extends from south of the Mount Milligan Mine northward to the past producing Kemess Mine, with the Thane Property located midway between these two major copper-gold porphyries. The Thane Property includes several highly prospective mineralized areas identified to date, including the “Cathedral Area“ on which the company’s exploration is currently focused.
Chart Germany (Frankfurt)
Germany Symbol / WKN: 3MX / A2PPAQ Current Price: €0.432 EUR (05/19/2020) Market Capitalization: €18 Million EUR