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Imperial Metals Corp T.III

Alternate Symbol(s):  IPMLF

Imperial Metals Corporation is a Canada-based exploration, mine development and operating company. The Company’s holdings include the Mount Polley mine (100%), the Huckleberry mine (100%), the Red Chris mine (30%). The Company also holds a portfolio of about 23 greenfield exploration properties in British Columbia. The Mount Polley copper/gold mine in south-central British Columbia is owned 100% by Mount Polley Mining Corporation, a wholly owned subsidiary of the Company. The property encompasses about 24,096 hectares (ha) consisting of seven mining leases and 52 mineral claims. The Huckleberry copper mine in west-central British Columbia is 100% owned by Huckleberry Mines Ltd., a wholly owned subsidiary of the Company. The property encompasses about 25,767 ha, consisting of two mining leases and 49 mineral claims. Red Chris Development Company Ltd., a subsidiary of the Company, owns a 30% beneficial interest in the Red Chris copper/gold mine in northwest British Columbia.


TSX:III - Post by User

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Post by Dollarfigureon Dec 10, 2009 8:11pm
312 Views
Post# 16575812

Imperial Metals drills 432 m of 3.8 g/t Au at Red

Imperial Metals drills 432 m of 3.8 g/t Au at Red

Imperial Metals drills 432 m of 3.8 g/t Au at Red Chris

2009-12-10 20:10 ET - News Release

Mr. Brian Kynoch reports

IMPERIAL REPORTS RESULTS FROM DEEP EAST ZONE AT RED CHRIS

Imperial Metals Corp. has released results from the remaining portions of the sixth and seventh drill holes of the 2009 deep drilling program at the Red Chris copper/gold property in northwest British Columbia.

Drill hole RC09-350 previously reported the highest grade intercepted at Red Chris to date (Stockwatch news, Nov. 09, 2009: RC09-350 returned 152.5 metres grading 4.12 per cent copper and 8.83 grams per tonne gold starting at a depth of 540.0 metres). The higher-grade material extends to 962.5 metres and averages 2.00 per cent copper and 3.80 grams per tonne gold over 432.5 metres. With all intervals assayed, drill hole RC09-349 intercepted 625.3 metres of 0.82 per cent copper and 0.93 grams per tonne gold starting at a depth of 390.0 metres.

    SIGNIFICANT INTERVALS ENCOUNTERED IN HOLES RC09-349 AND RC09-350                    Total Interval  Interval  Interval                   Length     from        To    Length Copper  Gold SilverDrill hole No.  Zone      (m)      (m)       (m)       (m)     %   g/t    g/tRC09-349     East  1150.6    390.0    1015.3     625.3   0.82  0.93   1.11                             545.0     582.5      37.5   1.51  1.89   1.54                          (i)866.6     919.9      53.3   1.83  2.62   2.60RC09-350     East  1477.4    420.0    1067.5     647.5   1.50  2.68   3.22                             530.0     962.5     432.5   2.00  3.80   4.42                          (i)540.0     692.5     152.5   4.12  8.83  10.46                             692.5     962.5     270.0   0.83  1.02   1.12(i) results released in Stockwatch Nov. 9, 2009

The 2009 drill program is being temporarily suspended for a seasonal break and will resume in early 2010. Drill holes RC09-353 and RC09-354 are in progress at the time of this release.

Steve Robertson, PGeo. is the Qualified Person as defined by National Instrument 43-101 for the exploration program at Red Chris. Samples for the diamond drilling reported at Red Chris were analyzed at Acme Analytical Laboratories in Vancouver. A full QA/QC program using blanks, standards and duplicates was maintained for all samples submitted to the labs. The deeper portion of the Red Chris porphyry mineralization is in the early stage of exploration and may be irregular in shape so true thicknesses have not been estimated. A drill plan and cross section will be available on the Company's website.

The Red Chris property in northern British Columbia is situated 18 kilometres southeast of the village of Iskut. Access to the property from pavement at Highway 37 is six kilometres along the Ealue Lake Road, and 17 kilometres along the newly constructed Red Chris access road.

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