Scandium Canada Ltd V.SCD

Imperial Mining Crater Lake Drilling Intersects New Zone

[ScandiumPower]

Imperial Mining Crater Lake Drilling Intersects New Zone: Returns 115.8 m of Scandium-Rare Earth Mineralization

Highlights:

• Assay results from a two-hole test drilling program of the STG Zone returned an impressive intercept of 115.8 m (379.9’) grading 252 g/t scandium oxide (Sc2O3), including 28.1 m (92.2’) grading 265 g/t Sc2O3 and 22.5 m (73.8’) grading 276 g/t Sc2O3.
• Elevated levels of total rare earth oxides plus yttrium (TREO+Y) ofup to 0.475 % characterize the scandium-bearing horizon.

• 2021 channel sampling of the surface projection of the mineralization traced over a strike length of over 535 m (1,755’), returned up to 9.6 m grading 247 g/t Sc2O3 and 0.38% TREO+Y.
• In addition, an 18-tonne bulk sample from the new zone was collected and delivered to Sept-Iles, Quebec for use in a planned Pilot Mill study in 2022.

MONTREAL, Dec. 07, 2021 (GLOBE NEWSWIRE) -- Imperial Mining Group Ltd. ("Imperial") (TSX VENTURE: IPG; OTCQB: IMPNF) is pleased to announce that it has received significant scandium and rare earth assays from Crater Lake summer drilling over the new STG Zone, 2.0 km south of the TG North Lobe Resource (seeImperial Mining press release: September 23, 2021). Assay results were returned from the known host scandium-bearing olivine ferrosyenite. A total of 23 channel samples representing a cumulative length of 23.4 m (Figure 1) as well as assays from a two-hole, 345 m drill program were received from the assay lab.

“The summer program over the STG Zone came as little surprise and adds to the already significant scandium resource potential of the Crater Lake property,” said Peter Cashin, Imperial’s President & Chief Executive Officer. “What was particularly impressive was the strike length of the surface exposure of the new zone of at least 535 m. Future exploration programs will be oriented to expanding the areas of known mineralization and probe new mineralized target areas.”

https://stockhouse.com/news/press-releases/2021/12/07/imperial-mining-crater-lake-drilling-intersects-new-zone-returns-115-8-m-of

[ScandiumPower]

It seems that the Sc occurrence is much more wider than previuosly known. Additionally it is wort to recognize the related REE contents. This is an unique resource and will be worth of billions in the nenear future. Really undervaluated!