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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

Post by miningfundion Mar 27, 2024 3:51pm
159 Views
Post# 35956383

Press release - interpretation

Press release - interpretationI have attempted to translate the latest news release from geologist-speak to shareholder-speak - hopefully it is reasonably accurate and not too optimistic.

Red Chris: drilling to update the Mineral Resource, which includes East Ridge, has been completed and we can now, reasonably shortly, expect to see the updated Mineral Resource and the Block Cave Feasibility Study, both these technical reports prepared in accordance with NI 43-101. Further exploration of the Far East Ridge area was positive and, in time, this area is expected to be upgraded to a mineral resource.

Mount Polley: drilling continues to upgrade the mineral resource..
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