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IMA PROCEEDS WITH ITS OPTION ON WESTERN COPPERS ISLAND COPPER PROJECT
IMA PROCEEDS WITH ITS OPTION ON WESTERN COPPERS ISLAND COPPER PROJECT
About this update from Western Copper And Gold Corporation
[{"type":"text","content":"\nIMA PROCEEDS WITH ITS OPTION ON WESTERN COPPERS ISLAND COPPER PROJECT\n\n\n Sep. 30, 2009 (TheNewswire.ca) -- VANCOUVER, B.C. IMA Exploration Inc. (AMEX:IMR) (TSXV:IMR''A) (TSXV:IMR) (\"IMA\")(IMR-AMEX, IMR-TSX.V) is pleased to announce that it has informed Western Copper Corporation (OOTC:WCPCF) (\"Western Copper\")(TSX:WRN) of its intention to proceed with its option agreement on the Island Copper porphyry copper-gold project on Vancouver Island.Pursuant to the terms of the agreement signed in August 2008, IMA is required to spend an additional C$13.1 million towards the completion of a pre-feasibility study by 2011 in order to earn 49% interest in the project.IMA's first step will be to complete an \"order of magnitude\" engineering study based on the known resources in the Hushamu deposit. This study will evaluate the project's economic potential and will assist in directing further work.ABOUT IMA EXPLORATION INCIMA recently announced a business arrangement with Kobex Resources Ltd. (TSXV:KBX) (KBX - TSX.V) and International Barytex Resources Ltd. (IBX - TSX.V) that was approved by the shareholders of each of Kobex and Barytex at special meetings held on September 25, 2009. The arrangement is expected to close on September 30, 2009 with the name of the company changing on Oct 1, 2009 to Kobex Minerals Inc. (KXM-AMEX, KXM-TSX.V)ABOUT WESTERN COPPER CORPORATIONWestern Copper is a Vancouver based exploration and development company with significant copper, gold and molybdenum resources and reserves. The Company has 100% ownership of four Canadian properties. The two most advanced projects are the Carmacks Copper Project and the Casino Project both located in the Yukon. The Casino Project is one of the world's largest open-pittable copper, gold and molybdenum deposits. For more information, visit www.westerncoppercorp.comOn behalf of the board,\"Joseph Grosso\"Joseph GrossoPresident & CEOIMA Exploration Inc.\"Dale Corman\"F. Dale CormanPresident & CEOWestern Copper CorporationFor more information, please contact:Joseph Grosso - President & CEOSean Hurd - VP Corporate CommunicationsT: 1-800-901-0058 or 604-687-1828F: 604-687-1858Email: [email protected]: www.imaexploration.comPaul West-Sells - EVP, Corporate DevelopmentChiara Orrigoni - Investor RelationsT: 1.888.966.9995 or 604.684.9497F: 604 669 2926Email: info@weste...