Announcement Date: 2023-07-18
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: Imperial Metals Corp.
Project name: Mount Polley Mine
Location: Canada
Commodities: Gold,Copper
Highlight: Drilling results incl. 115m at 0.67% Cu, 1.08g/t Au from 302.5m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Vancouver | July 18, 2023 | Imperial Metals Corporation (“Imperial” or the “Company”) (TSX:III) reports diamond drill results from the Mount Polley 2023 exploration program. A second phase of drilling was completed in June to follow up on the excellent results obtained in the first phase of drilling. Both phases were conducted in an underexplored area between the Springer and Cariboo mineralized zones. Results from five of the ten holes drilled in the second phase have been received and include a high grade interval of 115 metres grading 0.67% copper and 0.85 g/t gold from 302.5 metres in hole SD-23-175. These results continue to increase the dimensions of the Springer zone mineralization and, given the proximity to existing mining and planned pits, mineralization discovered in this area has a good potential to be converted from resource to reserve. The Springer zone contains most of the reserves in the current mine plan. Brian Kynoch, President of Imperial, said, “The results of these two phases of drilling will now be used to remodel the Springer mineralization. The updated model will be used to update Mount Polley mining plans. Given the positive results from this drilling we hope that the mine life can be extended. This drilling has also provided several targets for additional follow up drilling.”
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