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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

Bullboard Posts
Post by impeon Jun 10, 2020 9:45pm
231 Views
Post# 31136637

Nice drill results

Nice drill results

 

Imperial drills 232 m of 2.6 g/t Au at Red Chris

 

2020-06-10 20:07 ET - News Release

 

Mr. Brian Kynoch reports

IMPERIAL REPORTS RED CHRIS EXPLORATION UPDATE

Imperial Metals Corp. has provided an update on the exploration drill programs at the Red Chris mine conducted by Newcrest Red Chris Mining Ltd., operator of the Red Chris joint venture (Newcrest 70 per cent and Imperial 30 per cent as of Aug. 15, 2019).

This follow-up drilling continues to confirm the continuity of a discrete pod of high-grade mineralization in the vicinity of RC09-350 and RC611. Drill hole RC623, drilled to intersect the high-grade pod 100 metres above RC611, intersected 232 metres grading 2.6 grams per tonne gold and 1.5 per cent copper that included a 122-metre interval grading 4.5 g/t gold and 2.3 per cent copper. Hole RC620, drilled 100 metres below RC611, has confirmed the extent of the plus one g/t gold halo which surrounds the high-grade pod. Follow-up infill drilling continues to define the extent of this mineralization.

Hole RC616 confirmed a broad zone of high-grade mineralization with an intersection of 514 metres grading 0.81 g/t gold and 0.57 per cent copper, which includes the previously reported 80-metre interval of high grade that assayed 3.4 g/t gold and 1.7 per cent copper. This high-grade zone was not intersected by previous drilling and confirms the potential of finding additional discrete high-grade pods of mineralization within the East zone. Follow-up drilling to define the extent of the RC616 high-grade zone is under way.

A total of 40,069 metres of drilling has been completed since Newcrest acquired its interest in the joint venture in August, 2019. Drilling continues to refine the overall geometry of the system and controls to high-grade gold-copper mineralization within a subvertical zone approximately 600 metres long, 300 metres wide and 600 metres vertically. Mineralization is supported by extensive historical drilling data. On completion of the East zone resource definition program, Newcrest intends to construct a new resource model incorporating both historical and Newcrest drilling data.

 

  SIGNIFICANT RED CHRIS INTERCEPTS Hole ID From (m) To (m) Width (m) Gold (g/t) Copper (%) RC614 790 1,302 512 (3) 0.48 0.44 including 946 1,174 228 (3) 0.78 0.68 and 1,316 1,484 168 (2) 0.35 0.41 RC616 660 1,174 514 (2) 0.81 0.57 including 704 808 104 (3) 2.7 1.4 including 728 808 80 (3) 3.4 1.7 including 752 784 32 (3) 6.2 3.0 RC617 364 708 344 0.34 0.29 including 614 692 78 0.60 0.42 and 772 1,238 466 0.23 0.27 RC618 904 1,108 204 0.19 0.26 and 1,124 1,352 228 0.20 0.28 RC620 734 1,344 610 0.46 0.38 including 900 1,082 182 0.83 0.59 including 912 938 26 1.20 0.67 including 1,094 1,208 114 0.65 0.55 RC623 598 830 232 (1) 2.6 1.5 including 646 830 184 (1) 3.2 1.8 including 648 770 122 4.5 2.3 including 680 738 58 7.6 3.7 including 692 708 16 13 5.8 (1) Partial intercept, assays pending (2) Updated intercept (3) Previously reported in April 29, 2020, news release 

 

Jim Miller-Tait, PGeo, Imperial's vice-president, exploration, is the designated qualified person as defined by National Instrument 43-101 for the Red Chris exploration program and has reviewed this news release. Red Chris samples for the 2020 drilling reported were analyzed at Bureau Veritas Mineral Laboratories in Vancouver. A full quality assurance/quality control program using blanks, standards and duplicates was completed for all diamond drilling samples submitted to the labs. Significant assay intervals reported represent apparent widths. Insufficient geological information is available to confirm the geological model and true width of significant assay intervals.

Plan view map and cross-sections are available on the company's website.

About Imperial Metals Corp.

Imperial is a Vancouver exploration, mine development and operating company. The company, through its subsidiaries, owns a 30-per-cent interest in the Red Chris mine, and a 100-per-cent interest in both the Mount Polley and Huckleberry copper mines in British Columbia. Imperial also holds a 45.3-per-cent interest in the Ruddock Creek lead/zinc property.

We seek Safe Harbor.

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