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Imperial Mining and SOQUEM Commence $1 million Geophysical and Diamond Drilling Program at the Carheil Copper-Zinc Project, Quebec
Highlights: A minimum of 3,500 m of diamond drilling will test seven high-priority copper-zinc-silver-gold targets areas across the Carheil property. Downhole g
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[{"type":"text","content":" Highlights: A minimum of 3,500 m of diamond drilling will test seven high-priority copper-zinc-silver-gold targets areas across the Carheil property. Downhole geophysics and follow-up drilling will test important results returned from the AG1 (1.58% zinc, 524.1 g/t silver over 10.5 m) and Puiseaux (3.06% copper, 18.2 g/t silver over 4.9 m) target areas. MONTREAL, Jan. 14, 2020 (GLOBE NEWSWIRE) -- Imperial Mining Group Ltd. (TSX VENTURE: IPG) is pleased to announce the start of its Fall 2019 and Winter 2020 exploration program on the Carheil Copper-Zinc project in the Abitibi region of northwestern Québec (the “Project”). The $1 million program, operated by SOQUEM, will involve downhole Time-Domain Electromagnetic (TDEM) surveys, 28 line-km of induced polarization (IP) geophysics and a contingent 52 line-km of IP survey depending on the Winter 2020 diamond drill results. A minimum of 3,500 meters of diamond drilling is planned to test several high potential Copper (Cu), Zinc (Zn), Silver (Ag) and Gold (Au) targets west of the previously-defined B26 basemetal horizon, located south of the past-producing Selbaie Mine (historical past-production 53.0 Mt @ 1.9% Zn, 1.0% Cu, 40.7 g/t Ag 0.6 g/t Au). The Project is located in Brouillan and Carheil townships (Figure 1), 5 km southwest of the past-producing Selbaie Mine. The property consists of 113 contiguous claims covering approximately 53.7 km2. Imperial holds a 100% interest in the Project subject to an option agreement signed in 2017 where SOQUEM can earn a 50% interest in the Project by carrying out exploration work totaling $3.750 million over four (4) years. On completion of their 2020 exploration intentions, SOQUEM will have incurred approximately $2.75 million in cumulative exploration expenditures on the property. Downhole TDEM Survey A downhole Time-Domain EM (TDEM) survey commence this month and is expected to be completed by mid-December 2019. Abitibi Geophysics of Val d’Or, Québec, is the contractor for this program. The downhole TDEM survey will be conducted in two different areas to search for off-hole conductive bodies potentially related to a volcanogenic massive sulphide (“VMS”) body. The first area, the AG1 polymetallic Zone, is located at the southeast end of the property (Figure 2). Previous drilling in this zone identified a Zn, Ag, Cu and Au mineralized VMS sys...