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Imperial Metals Update on 2020 Greenfield Exploration at Giant Copper and LJ Projects
VANCOUVER, British Columbia, Dec. 21, 2020 (GLOBE NEWSWIRE) -- Imperial Metals Corporation (the “Company”) (TSX:III) provides an update on greenfield exploratio
About this update from Imperial Metals Corporation
[{"type":"text","content":" VANCOUVER, British Columbia, Dec. 21, 2020 (GLOBE NEWSWIRE) -- Imperial Metals Corporation (the “Company”) (TSX:III) provides an update on greenfield exploration completed in 2020 at the Giant Copper and LJ properties. Giant Copper Poly-Metallic Property: Drillhole returns 20.15 g/t gold over 3.11 metres The Giant Copper property is located 37 kilometres south-east of Hope. Portable packsack diamond drilling was completed on the Goldstone gold discovery. Results confirmed and extended the Goldstone gold occurrence discovered and sampled by hand trenching in 2017. Results in 2017 returned 12.8 g/t gold over a 10 metre width. This discovery is the first primary gold occurrence in the 100 year history of exploration on the property. A geological team used a portable diamond drill, and set up on the Goldstone gold outcrop, drilling 41 millimetre BQ sized core in a series of six holes. The drilling covered an area of approximately 10 square metres. The Goldstone occurrence is located 350 metres south of the historic 15-level portal, which allows for easy underground access. In addition, one hole drilled into a new quartz vein discovery exposed in a recently constructed logging road in the vicinity of the 10-level portal, assayed 3.44 g/t gold and 54.5 g/t silver over 1.22 metres. All the drill holes were terminated by caving or the depth limitations of the portable diamond drill and ended in the mineralization. Hole ID From (m) To (m) Width (m) Gold (g/t) GC-20-0-1 0 1.00 1.00 15.20 GC-20-0-2 0 6.10 6.10 6.22 GC-20-0-3 0.61 3.05 2.44 9.45 GC-20-0-4 1.16 4.27 3.11 20.15 GC-20-0-5 0 3.05 3.05 11.76 The Goldstone discovery is hosted by a Breccia within the Early to Middle Jurassic Ladner Group. The Ladner Group sits unconformably to the east of the Early Jurassic Hozameen Group, separated by the Hozameen fault. The Ladner Group is distinguished from the other sediments by its rusty appearance on weathered surfaces due to its relatively high pyrite content. The tourmaline breccia pipes, which host the historic copper/silver/gold mineralization at the Giant Copper property, are all confined to the Ladner Group. Significant assay intervals reported represent apparent widths. Insufficient geological information is available to confirm the geological model and true width of significant assay intervals. In 1995, following a public review pro...