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Imperial Metals Reports Red Chris Production and Exploration Update
VANCOUVER, British Columbia, July 20, 2022 (GLOBE NEWSWIRE) -- Imperial Metals Corporation (the “Company”) (TSX:III) reports Red Chris metal production (100%) f
About this update from Imperial Metals Corporation
[{"type":"text","content":" VANCOUVER, British Columbia, July 20, 2022 (GLOBE NEWSWIRE) -- Imperial Metals Corporation (the “Company”) (TSX:III) reports Red Chris metal production (100%) for the second quarter of 2022 was 22.0 million pounds copper and 19,540 ounces gold, up 65% and 62% respectively from the 13.3 million pounds copper and 12,088 ounces gold produced during the first quarter of 2022. The improved production was a result of higher throughput (2.6 million tonnes versus 2.0 million tonnes), higher head grades (0.48% copper and 0.39 g/t gold compared to 0.41% copper and 0.36g/t gold) and higher recoveries (80.5% copper and 60.6% gold versus 72.6% copper and 51.9% gold) in the first quarter. Imperial’s 30% portion of the second quarter production was 6.6 million pounds copper and 5,862 ounces gold. Exploration Update Exploration drilling at the East Ridge zone continues to define and expand the high grade mineralization which remains open to the east and depth. An additional 32 holes were completed during the quarter for a total of 30,482 metres. All exploration holes intersected mineralization. Five dedicated geotechnical holes were also drilled. The East Ridge mineralized corridor (>0.4% copper and >0.4 g/t gold) extends over 900 metres long, up to 1,000 metres high and 125 metres wide, with higher grade (>0.8% copper and >0.8 g/t gold) in several smaller pods over an area 500 metres high, 400 metres long and 100 metres wide. An Exploration Target has been defined for East Ridge. The Exploration Target ranges from a lower tonnage of approximately 170 million tonnes at 0.5% copper and 0.5 g/t gold containing 2.0 billion pounds copper and 2.8 million ounces gold to an upper tonnage of approximately 300 million tonnes at 0.4% copper and 0.4 g/t gold containing 2.9 billion pounds copper and 4.3 million ounces gold. The grades and tonnages are estimates based on continuity of mineralization defined by exploration diamond drilling results (previously reported including relevant sections and plans) with the lower range estimate in the area having a nominal drill hole spacing of 100 metres by 100 metres and the upper range estimate extended into the area with a nominal drill hole spacing of 100 metres by 200 metres. The East Ridge Exploration Target is outside of the current Mineral Resource estimate. The potential tonnage and grade of th...