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Imperial Metals Drilling Intersects 162.5 Metres Grading 0.50% Copper and 0.52 g/t Gold at Mount Polley
VANCOUVER, British Columbia, May 16, 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, May 16, 2023 (GLOBE NEWSWIRE) -- Imperial Metals Corporation (“Imperial” or the “Company”) (TSX:III) reports diamond drill results from the Mount Polley 2023 exploration program. Five diamond drill holes totalling 2,720 metres were successful in intercepting mineralization in an underexplored area between the Springer and Cariboo mineralized zones. All the holes intersected mineralization in the undrilled area between the Springer and Cariboo zones. The results included some higher grade intervals highlighted by the 162.5 metre interval grading 0.50% copper and 0.52 g/t gold from 30 metres in SD-23-167. The results will increase the resource in the Springer zone and with 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. Historic drilling in the Springer zone confirms that the mineralization continues 250 metres below the currently planned Springer Pit and that it is open to the east. Brian Kynoch, President of Imperial, said, “This drilling, along with the planned drilling to further test the Springer zone to the east beneath the current ultimate pit, may enable the ultimate pit to be expanded and extend the Mount Polley mine life.” 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-23-163 125 210 85 0.27 0.31 and 280 490 210 0.20 0.31 SD-23-164 80 531 451 0.26 0.37 including 106.66 210 103.34 0.43 0.38 and 307.5 392.5 85 0.40 0.76 SD-23-165 270 452.5 182.5 0.35 0.57 including 295 412.5 117.5 0.40 0.65 SD-23-166 150.97 310 159.03 0.46 0.57 SD-23-167 30 192.5 162.5 0.50 0.52 including 92.5 140 47.5 0.82 0.81 All five drill holes are vertical and were collared in the current Springer pit. The results from the five drillholes are as follows. SD-23-163, collared about 150 metres east of SD-12-153 on Section 3160N, intersected 0.27% copper and 0.31 g/t gold over 85 metres from 125 metres and 0.20% copper and 0.31 g/t gold over 210 metres from 280 metres. SD-23-164 was collared about 50 metres west of known Springer mineralization on Section 3210N. It intersected a long interval of mineralization grading 0.26% copper and 0.3...