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Imperial Metals Drilling Intersects 115 Metres Grading 0.67% Copper and 0.85 g/t Gold at Mount Polley
VANCOUVER, British Columbia, July 18, 2023 (GLOBE NEWSWIRE) -- Imperial Metals Corporation (“Imperial” or the “Company”) (TSX:III) reports diamond drill results
About this update from Imperial Metals Corporation
[{"type":"text","content":" VANCOUVER, British Columbia, July 18, 2023 (GLOBE NEWSWIRE) -- Imperial Metals Corporation (“Imperial” or the “Company”) (TSX:III) reports diamond drill results from the Mount Polley 2023 exploration program. A second phase of drilling was completed in June to follow up on the excellent results obtained in the first phase of drilling. Both phases were conducted in an underexplored area between the Springer and Cariboo mineralized zones. Results from five of the ten holes drilled in the second phase have been received and include a high grade interval of 115 metres grading 0.67% copper and 0.85 g/t gold from 302.5 metres in hole SD-23-175. These results continue to increase the dimensions of the Springer zone mineralization and, given the proximity to existing mining and planned pits, mineralization discovered in this area has a good potential to be converted from resource to reserve. The Springer zone contains most of the reserves in the current mine plan. Brian Kynoch, President of Imperial, said, “The results of these two phases of drilling will now be used to remodel the Springer mineralization. The updated model will be used to update Mount Polley mining plans. Given the positive results from this drilling we hope that the mine life can be extended. This drilling has also provided several targets for additional follow up drilling.” The significant intervals in the five holes are included in the table below. Significant intercepts: Hole ID From (m) To (m) Width (m) Copper (%) Gold (g/t) SD-23-168 22.5 132.5 110.0 0.49 0.53 and 167.5 230.0 62.5 0.45 0.68 SD-23-169 15.0 85.0 70.0 0.30 0.41 and 157.5 197.0 39.5 0.24 0.57 SD-23-170 23.9 48.3 24.4 0.70 0.47 SD-23-171 6.0 22.5 16.5 0.60 0.48 SD-23-175 48.0 60.0 12.0 0.46 1.08 and 302.5 417.5 115.0 0.67 0.85 including 320.0 360.0 40.0 1.03 1.51 All five drill holes are vertical and were collared in the current Springer pit. Drillhole SD-23 175 is a step out to the east on Section 3160N testing the continuation of Springer mineralization towards the Polley fault at depth. It intersected 0.67% copper and 0.85 g/t gold over 115 metres from 302.5 metres and includes a higher-grade zone grading 1.03% copper and 1.51 g/t gold over 40.0 metres from 320 metres. This mineralization is hosted by unusually well developed skarn alteration in brecciated monzonite. It is marked by garnet-r...