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Imperial Metals Reports Red Chris Exploration Update
VANCOUVER, British Columbia, June 10, 2020 (GLOBE NEWSWIRE) -- Imperial Metals Corporation (the “Company”) (TSX:III) reports on the exploration drill programs a
About this update from Imperial Metals Corporation
[{"type":"text","content":" VANCOUVER, British Columbia, June 10, 2020 (GLOBE NEWSWIRE) -- Imperial Metals Corporation (the “Company”) (TSX:III) reports on the exploration drill programs at Red Chris mine conducted by Newcrest Red Chris Mining Limited, operator of the Red Chris Joint Venture (Newcrest 70%/ Imperial 30% as of August 15, 2019). This follow up drilling continues to confirm the continuity of a discrete ‘pod’ of high grade mineralization in the vicinity of RC09-350 and RC611. Drill hole RC623, drilled to intersect the high grade pod 100 metres above RC611, intersected 232 metres grading 2.6 g/t gold and 1.5% copper that included a 122 metre interval grading 4.5 g/t gold and 2.3% copper. Hole RC620, drilled 100 metres below RC611, has confirmed the extent of the +1 g/t gold halo which surrounds the high grade pod. Follow up infill drilling continues to define the extent of this mineralization. Hole RC616 confirmed a broad zone of high grade mineralization with an intersection of 514 metres grading 0.81 g/t gold and 0.57% copper, that includes the previously reported 80 metre interval of high grade that assayed 3.4 g/t gold and 1.7% copper. This high grade zone was not intersected by previous drilling and confirms the potential of finding additional discrete high grade pods of mineralization within the East zone. Follow up drilling to define the extent of the RC616 high grade zone is underway. A total of 40,069 metres of drilling has been completed since Newcrest acquired its interest in the joint venture in August 2019. Drilling continues to refine the overall geometry of the system and controls to high-grade gold-copper mineralization within a sub-vertical zone approximately 600 metres long, 300 metres wide, and 600 metres vertically. Mineralization is supported by extensive historical drilling data. On completion of the East Zone Resource Definition program, Newcrest intends to construct a new Resource Model incorporating both historical and Newcrest drilling data. Significant Red Chris Intercepts: Hole ID From (m) To (m) Width (m) Gold (g/t) Copper (%) RC614 790 1302 512^^ 0.48 0.44 including 946 1174 228^^ 0.78 0.68 and 1316 1484 168^ 0.35 0.41 RC616 660 1174 514^ 0.81 0.57 including 704 808 104^^ 2.7 1.4 including 728 808 80^^ 3.4 1.7 including 752 784 32^^ 6.2 3.0 RC617 364 708 344 0.34 0.29 including 614 692 78 0.60 0.42 and 772 1...