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Imperial Metals Drilling Intersects 230.1 Metres Grading 0.31% Copper and 0.50 g/t Gold at Mount Polley
VANCOUVER, British Columbia, Aug. 14, 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, Aug. 14, 2023 (GLOBE NEWSWIRE) -- Imperial Metals Corporation (“Imperial” or the “Company”) (TSX:III) reports diamond drill results from the final five holes of the second phase of the Mount Polley 2023 exploration program, including a notable interval of 230.1 metres grading 0.31% copper and 0.50 g/t gold starting from a depth of 7.4 metres in hole SD-23-172. The second phase of drilling was completed in June to follow up on the significant 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 the first five of the ten holes drilled in the second phase were previously released on July 18th, 2023, and the final five holes are described in this news release. The 2023 exploration program results have increased the dimensions of the Springer zone mineralization. This mineralization has good potential to be converted from resource to reserve due to its proximity to existing mining and planned pits. Brian Kynoch, President of Imperial, said, “There continues to be opportunity to expand the Springer mineralization, especially at depth, and a follow-up program will be designed to further test the Springer zone. The results of this year’s drilling will be integrated into the block model and the life of mine plan for Mount Polley will be updated.” 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-23-172 7.4 237.5 230.1 0.31 0.50 including 7.4 80.0 72.6 0.41 0.62 and 120.0 220.0 100.0 0.33 0.57 SD-23-173 215.0 295.0 80.0 0.55 0.69 and 315.9 324.0 8.1 0.50 0.62 SD-23-174 21.5 272.5 251.0 0.36 0.37 including 152.5 207.5 55.0 0.59 0.73 SD-23-176 265.0 372.5 107.5 0.34 0.39 including 320.0 342.5 22.5 0.52 0.58 SD-23-177 3.0 225.0 222.0 0.34 0.31 and 150.0 200.0 50.0 0.61 0.63 All five drill holes are vertical and were collared in the Springer pit. SD-23 172 is an infill hole 35 metres to the west of hole SD-23-168 on Section 3315N testing a significant gap on the northern/eastern edge of the Springer Main zone. It intersected 0.31% copper and 0.50 g/t gold over 230.1 metres from 7.4 metres. SD-23 173 is step-out hole 35 metres to the south-east of hole SD-23-166 on Section 3225N expanding the ea...