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Imperial Mining Group: Crater Lake Summer Drilling Results Confirm Strong Scandium Resource Potential of the TG Mineralized Zone
Highlights: TG Zone drilling intersected intervals grading up to 253 g/t Scandium Oxide (Sc2O3) over 29.14 m, including 9.3 m grading 299 g/t Sc2O3 and 21.69 m
About this update from Scandium Canada Ltd Class A
[{"type":"text","content":" Highlights: TG Zone drilling intersected intervals grading up to 253 g/t Scandium Oxide (Sc2O3) over 29.14 m, including 9.3 m grading 299 g/t Sc2O3 and 21.69 m grading 271 g/t Sc2O3 including 9.16 m grading 299 g/t Sc2O3. The scandium rich zone also contains elevated levels of total rare earth oxides plus yttrium (TREO+Y) grading up to 0.419%. The scandium mineralized zone is estimated to be up to 110 m in true thickness and continues to be open at depth below 200 m down-dip and along strike. MONTREAL, Nov. 04, 2020 (GLOBE NEWSWIRE) -- Imperial Mining Group Ltd. (\"Imperial\") (TSX VENTURE: IPG) is pleased to announce that significant scandium (Sc) and rare earth (REE) assays have been received from its surface exploration and diamond drilling summer program completed at the Crater Lake Scandium project, northeastern Québec (Figure 1, Table 1). The work confirmed the important economic potential of the previously defined TG Zone and has identified two, new high-potential Scandium-rare earth targets at STG. Table 1 - TG Zone Drilling Significant Assay Results: Hole # From(m) To(m) Interval(m) Sc(ppm) Sc2O3(ppm) TREO+Y(%) Magnet REO(%) CL20037 127.81 156.95 29.14 165 253 0.305 24.3 Including 127.81 134.11 6.30 180 276 0.316 24.1 Including 136.31 145.61 9.30 195 299 0.317 24.3 CL20037 173.05 190.70 17.65 194 298 0.332 24.4 CL20037 207.82 218.52 10.70 152 233 0.389 24.4 CL20037 225.97 247.66 21.69 177 271 0.419 23.9 Including 238.50 247.66 9.16 195 299 0.445 24.0 NOTES: - 1 ppm of Sc metal equals 1.5338 ppm scandium oxide (Sc2O3) ; 1 g/t equals 1 ppm. TREO+Y includes oxides of La, Ce, Pr, Nd, Sm, Eu, Gd, Tb, Dy, Ho, Er, Tm, Yb and Lu plus Y. The Magnet REOs include the total of oxides of Nd, Pr, Dy and Tb as a percentage of the TREO+Y. “We are very encouraged by our summer exploration results, as they confirm the strong scandium and rare earth potential of the TG and STG mineralized zones,” said Peter Cashin, Imperial’s President & Chief Executive Officer. “In addition, new detailed magnetic survey results over the STG and TG areas significantly improved our understanding of the geometry of the known areas and identified two new, high-priority targets 280 east of and to the south of, the STG Zone. The evident increase...