IMC Exploration Group plc (IMC) announced positive developments on its North Wexford gold project. An initial review of historical exploration on PL 1200 in Co. Wexford has commenced. PL 1200 is one of a group of three licences held by IMC that are underlain by the mineralised rhyolitic volcanic rocks of South East Leinster. Mineralisation in PL 1200 occurs within the Duncannon Group that is also host to the copper-gold deposits at Avoca Co. Wicklow where IMC is investigating gold recovery from mineralised spoils derived from earlier mining of the Avoca deposits. One drill hole has been drilled in PL 1200 and has been examined by IMC. In 1986, RioFinEx drilled a gold-in-soil anomaly and proved gold mineralisation hosted by highly altered rocks at a depth of 30m. Groove sampling of the drill core at that time proved an intercepted grade of 0.5 g/t Au over 18.6m (weighted average over 3 to 3.6m intervals and included intervals of 3m grading 0.8 g/t Au and 3.6m grading 0.7 g/t Au). Half core sampling of part of the groove sampled interval assayed 15m at 0.2 g/t Au (weighted average of 1.5m intervals). Although all the pertinent data is available for examination, IMC has determined that the overall data set is not JORC compliant. IMC therefore intends to drill further in this area in order to confirm and expand on the data available to the Company in accordance with the JORC Code (2012). The geological setting, gold grades and alteration within the rhyolite host rocks in PL 1200 are comparable with other copper-gold deposits associated with the closure of the Iapetus Ocean. Specifically, there are geological similarities with the Avoca deposits to the North East and the Parys Mountain deposit on Anglesey. IMC continues to assess the historical records available for PL 1200 and has concluded from geochemical and geophysical data that other areas within PL 1200 remain to be drill tested.