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Imperial Mining Group: Initial 2019 Crater Lake Drilling Results Indicate Encouraging Scandium and Rare Earth Grades Over Significant Widths
Highlights: Partial TG Zone drilling results returned up to 48.2 m grading 385 g/t Scandium Oxide (Sc2O3), including 8.8 m grading 528 g/t Sc2O3 and including 1
About this update from Scandium Canada Ltd Class A
[{"type":"text","content":" Highlights: Partial TG Zone drilling results returned up to 48.2 m grading 385 g/t Scandium Oxide (Sc2O3), including 8.8 m grading 528 g/t Sc2O3 and including 12.5 m grading 474 g/t Sc2O3. Elevated levels of total rare earth oxides plus yttrium (TREO+Y) of up to 0.622% characterize the scandium horizon. The entire scandium mineralized package was found to be between 60 and 90 m in true thickness and is open at depth below 200 m down-dip and along strike. MONTREAL, May 22, 2019 (GLOBE NEWSWIRE) -- Imperial Mining Group Ltd. (\"Imperial\") (TSX VENTURE: IPG) is pleased to announce that encouraging initial scandium and rare earth (REE) assays have been received from the first two holes completed during the winter 2019 diamond drilling of the TG Zone target, Crater Lake project, northeastern Québec (Figure 1). A five-hole diamond drilling program for 1,014 m was completed on April 20, 2019 over the TG Zone (TGZ) target to evaluate the scandium potential of a high-intensity magnetic anomaly (Figure 2, Table 2). The new drilling is located 600 m north of a historical drill hole which had returned scandium grades of up to 506 g/t Sc2O3 over 19.0m along the western side of the Crater Lake intrusion on the same magnetic trend. The current results represent partial analyses from the first two holes of the drill program (CL19031 and CL19032, Table 1). Results for the remainder of holes CL19031 and CL19032 as well as CL19033-19035 are pending. The diamond drill contractor was Avataa Rouillier Drilling Inc. of Amos, Quebec. Table 1 - Crater Lake Drilling Partial Assay Results: Hole # From (m) To (m) Interval (m) * Sc2O3 ** (g/t) Sc (g/t) TREO+Y (%) CL19031 115.80 145.00 29.2 325 212 0.344 Including 115.80 123.00 7.2 370 241 0.399 Including 134.15 145.00 10.9 423 276 0.408 CL19031 193.35 204.00 10.7 327 213 0.366 CL19032 151.35 164.00 12.7 368 240 0.551 CL19032 171.85 220.00 48.2 385 251 0.440 Including 171.85 180.70 8.8 528 344 0.622 Including 188.25 200.70 12.5 474 309 0.552 NOTES: - * 1 ppm of Sc metal equals 1.5338 ppm scandium oxide (Sc2O3) ; ** 1 g/t equals 1 ppm “We are very pleased with the initial diamond drilling results from the winter program, as they confirm that the high-intensity magnetic anomalies tested to date on the property represent areas of significant scandium and rare earth enrichment,” said Peter Cashin, Imperi...